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Magnesium Alloys Market by Alloy Type (Cast Alloys, Wrought Alloys), End-use Industry (Automotive & Transportation, Electronic, Aerospace & Defense, Power Tools), and Region (APAC, Europe, North America) - Global Forecast to 2023

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Date: 03-May-2018
No. of pages: 120
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“Magnesium alloys market projected to grow at a CAGR of 12.7% during forecast period”

The magnesium alloys market is estimated at USD 1.30 billion in 2018 and is projected to reach USD 2.37 billion by 2023, at a CAGR of 12.7% during the forecast period. The major factor driving the growth of the market is the increasing demand for magnesium alloys from the automotive & transportation applications due to fuel efficiency and emission regulations. However, the uncertainty of magnesium prices may restrain the growth of the market.

“Cast alloy projected to be the fastest-growing alloy type segment of magnesium alloys market during forecast period.”

Magnesium alloys possess excellent casting properties and cast alloys are cheaper than wrought alloys. In addition, issues such as low extrusion rate of and formability at room temperature of magnesium alloys have made it challenging to use magnesium alloys in the form of wrought alloys. The growing demand from automotive & transportation, aerospace & defense, and electronics end-use industries for cost-efficient alloys is driving the growth of the cast alloy segment.

“Asia Pacific expected to be the fastest-growing market for magnesium alloys during forecast period”

Asia Pacific is expected to be the fastest-growing market for magnesium alloys during the forecast period, with China leading the market in 2017. The magnesium alloys market in the Asia Pacific region is driven by the increasing consumption of magnesium alloys products in the automotive & transportation and electronics applications.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into following three categories:


  • By Company Type: Tier 1—50%, Tier 2—25%, and Tier 3—25%

  • By Designation: C Level—42%, Director Level—33%, and Others—25%

  • By Region: North America—36%, Europe—36%, AsiaPacific—21%, and RoW—7%


This report also provides a comprehensive analysis of the companies listed below:


  • Magnesium Elektron (UK)

  • Nanjing Yunhai Special Metals Co. Ltd. (China)

  • Ka Shui International Holdings Ltd. (China)

  • US Magnesium (US)

  • Meridian Lightweight Technologies (US)

  • Shanghai Regal Magnesium Ltd. Co. (China)

  • Magontec (Australia)

  • Shanxi Credit Magnesium Co. Ltd. (China)

  • Shanxi Yinguang Huasheng Magnesium (China)

  • AMACOR (US)


Research Coverage

This report covers the market for magnesium alloys and forecasts the market size until 2023. The report includes the market segmentation by alloy type (cast alloys, wrought alloys); end-use industries (automotive & transportation, electronics, aerospace & defense, power tools, others); and region (North America, Europe, APAC, Latin America, Middle East & Africa). The Porter’s Five Forces analysis, along with drivers, restraints, challenges, and opportunities have been discussed in the report. The report also provides company profiles and competitive strategies adopted by major players in the magnesium alloys market.

Key Benefits of Buying the Report

The report will help market leaders/new entrants in this market in the following ways:


  • The report segments the magnesium alloys market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across different verticals and regions.

  • The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities.

  • The report will help stakeholders better understand competitors and gain insights to better their position in the business. The competitive landscape section includes new product developments, partnerships, exhibitions, and mergers & acquisitions.

Magnesium Alloys Market by Alloy Type (Cast Alloys, Wrought Alloys), End-use Industry (Automotive & Transportation, Electronic, Aerospace & Defense, Power Tools), and Region (APAC, Europe, North America) - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Magnesium Alloys Market
4.2 Magnesium Alloys Market, By Alloy Type
4.3 Magnesium Alloys Market, By End-Use Industry
4.4 Magnesium Alloys Market in the Automotive & Transportation Industry, By Application
4.5 Magnesium Alloys Market, By End-Use Industry and Region
4.6 Magnesium Alloys Market, By Country

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Growing Use of Magnesium Alloys in the Automotive Industry Due to Regulations Over Fuel Efficiency and Emissions
5.1.1.2 Advantages of Magnesium Alloys Over Other Alloys
5.1.2 Restraints
5.1.2.1 Uncertainty of Magnesium Price
5.1.2.2 Issues Related to Weldability and Corrosion Resistance
5.1.3 Opportunities
5.1.3.1 Potential Opportunity of Magnesium Alloys in the Medical (Biomedical) and Aerospace & Defense Industries
5.1.3.2 Growing Market for Electric Vehicles
5.1.3.3 Development of New Processes Such as Thixomolding and New Rheocasting
5.1.4 Challenges
5.1.4.1 Engineering Barriers Such as Formability at Room Temperature and Difficulty in Forging
5.2 Porter’s Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Threat of Substitutes
5.2.3 Bargaining Power of Suppliers
5.2.4 Bargaining Power of Buyers
5.2.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Trends in the Aerospace Industry
6.4 Trends in the Automotive Industry

7 Magnesium Alloys Market, By Alloy Type
7.1 Introduction
7.2 Cast Alloy
7.3 Wrought Alloy

8 Magnesium Alloys Market, By End-Use Industry
8.1 Introduction
8.2 Automotive & Transportation
8.2.1 Body Structure
8.2.2 Powertrain
8.2.3 Interior
8.2.4 Chassis
8.3 Electronic
8.4 Aerospace & Defense
8.4.1 Commercial Helicopters
8.4.2 Military Helicopters
8.4.3 Fighter Aircraft
8.5 Power Tools
8.6 Others
8.6.1 Medical
8.6.2 Sporting Goods

9 Magnesium Alloys Market, By Region
9.1 Introduction
9.2 North America
9.2.1 By End-Use Industry
9.2.2 By Alloy Type
9.2.3 By Country
9.2.4 US
9.2.5 Canada
9.3 Europe
9.3.1 By End-Use Industry
9.3.2 By Alloy Type
9.3.3 By Country
9.3.4 Germany
9.3.5 UK
9.3.6 France
9.3.7 Spain
9.3.8 Italy
9.3.9 Russia
9.3.10 Rest of Europe
9.4 APAC
9.4.1 By End-Use Industry
9.4.2 By Alloy Type
9.4.3 By Country
9.4.4 China
9.4.5 Japan
9.4.6 India
9.4.7 South Korea
9.4.8 Indonesia
9.4.9 Rest of APAC
9.5 MEA
9.5.1 By End-Use Industry
9.5.2 By Alloy Type
9.5.3 By Country
9.5.4 South Africa
9.5.5 Saudi Arabia
9.5.6 Egypt
9.5.7 Rest of the MEA
9.6 Latin America
9.6.1 By End-Use Industry
9.6.2 By Alloy Type
9.6.3 By Country
9.6.4 Brazil
9.6.5 Mexico
9.6.6 Argentina
9.6.7 Rest of Latin America

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking
10.2.1 Nanjing Yunhai Special Metals Co. Ltd.
10.2.2 Magnesium Elektron
10.2.3 Meridian Lightweight Technologies China
10.3 Recent Developments
10.3.1 Expansions
10.3.2 Agreements, Partnerships, & Joint Ventures
10.3.3 New Product Launches

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 Magnesium Elektron
11.2 KA Shui International Holdings Ltd.
11.3 Magontec
11.4 U.S. Magnesium
11.5 Nanjing Yunhai Special Metals Co. Ltd.
11.6 Meridian Lightweight Technologies
11.7 Amacor
11.8 Shanghai Regal Magnesium Limited Company
11.9 Shanxi Yinguang Huasheng Magnesium
11.10 Shanxi Credit Magnesium Co. Ltd.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
11.11 Other Key Players
11.11.1 Dynacast
11.11.2 Shanxi Fugu Tianyu Mineral Industry
11.11.3 Posco
11.11.4 China Magnesium Corporation Limited
11.11.5 Dead Sea Magnesium
11.11.6 Spartan Light Metal Products
11.11.7 Smiths Advanced Metals
11.11.8 Rima Group
11.11.9 Yee Dongguan Science and Technology Co. Ltd.
11.11.10 Taiyuan Tongxiang Magnesium Co. Ltd.

12 Appendix
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables

Table 1 Magnesium Alloys Market Size, 2016–2023 (Volume and Value)
Table 2 Trends and Forecast of GDP, By Country, 2017–2022 (USD Billion)
Table 3 New Airplanes Market, By Region, 2016
Table 4 Automotive Production, By Region/Country, 2011–2015 (Thousand Units)
Table 5 Magnesium Alloys Market Size, By Alloy Type, 2016–2023 (USD Million)
Table 6 Magnesium Alloys Market Size, By Alloy Type, 2016–2023 (Kiloton)
Table 7 Cast Alloy Market Size, By Region, 2016–2023 (USD Million)
Table 8 Cast Alloy Market Size, By Region, 2016–2023 (Kiloton)
Table 9 Wrought Alloy Market Size, By Region, 2016–2023 (USD Million)
Table 10 Wrought Alloy Market Size, By Region, 2016–2023 (Kiloton)
Table 11 Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 12 Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 13 Magnesium Alloys Market Size in Automotive & Transportation Industry, By Application, 2016–2023 (USD Million)
Table 14 Magnesium Alloys Market Size in Automotive & Transportation Industry, By Application, 2016–2023 (Kiloton)
Table 15 Magnesium Alloys Market Size in Automotive & Transportation Industry, By Region, 2016–2023 (USD Million)
Table 16 Magnesium Alloys Market Size in Automotive & Transportation Industry, By Region, 2016–2023 (Kiloton)
Table 17 Magnesium Alloys Market Size in Electronic Industry, By Region, 2016–2023 (USD Million)
Table 18 Magnesium Alloys Market Size in Electronic Industry, By Region, 2016–2023 (Kiloton)
Table 19 Magnesium Alloys Market Size in Aerospace & Defense Industry, By Region, 2016–2023 (USD Million)
Table 20 Magnesium Alloys Market Size in Aerospace & Defense Industry, By Region, 2016–2023 (Kiloton)
Table 21 Magnesium Alloys Market Size in Power Tools Industry, By Region, 2016–2023 (USD Million)
Table 22 Magnesium Alloys Market Size in Power Tools Industry, By Region, 2016–2023 (Kiloton)
Table 23 Magnesium Alloys Market Size in Other Industries, By Region, 2016–2023 (USD Million)
Table 24 Magnesium Alloys Market Size in Other Industries, By Region, 2016–2023 (Kiloton)
Table 25 Magnesium Alloys Market Size, By Region, 2016–2023 (USD Million)
Table 26 Magnesium Alloys Market Size, By Region, 2016–2023 (Kiloton)
Table 27 North America: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 28 North America: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 29 North America: Magnesium Alloys Market Size, By Alloy Type, 2016–2023 (USD Million)
Table 30 North America: Magnesium Alloys Market Size, By Alloy Type, 2016–2023 (Kiloton)
Table 31 North America: Magnesium Alloys Market Size, By Country, 2016–2023 (USD Million)
Table 32 North America: Magnesium Alloys Market Size, By Country, 2016–2023 (Kiloton)
Table 33 US: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 34 US: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 35 Canada: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 36 Canada: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 37 Europe: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 38 Europe: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 39 Europe: Magnesium Alloys Market Size, By Alloy Type, 2016–2023 (USD Million)
Table 40 Europe: Magnesium Alloys Market Size, By Alloy Type, 2016–2023 (Kiloton)
Table 41 Europe: Magnesium Alloys Market Size, By Country, 2016–2023 (USD Million)
Table 42 Europe: Magnesium Alloys Market Size, By Country, 2016–2023 (Kiloton)
Table 43 Germany: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 44 Germany: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 45 UK: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 46 UK: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 47 APAC: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 48 APAC: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 49 APAC: Magnesium Alloys Market Size, By Alloy Type, 2016–2023 (USD Million)
Table 50 APAC: Magnesium Alloys Market Size, By Alloy Type, 2016–2023 (Kiloton)
Table 51 APAC: Magnesium Alloys Market Size, By Country, 2016–2023 (USD Million)
Table 52 APAC: Magnesium Alloys Market Size, By Country, 2016–2023 (Kiloton)
Table 53 China: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 54 China: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 55 Japan: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 56 Japan: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 57 MEA: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 58 MEA: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 59 MEA: Magnesium Alloys Market Size, By Alloy Type, 2016–2023 (USD Million)
Table 60 MEA: Magnesium Alloys Market Size, By Alloy Type, 2016–2023 (Kiloton)
Table 61 MEA: Magnesium Alloys Market Size, By Country, 2016–2023 (USD Million)
Table 62 MEA: Magnesium Alloys Market Size, By Country, 2016–2023 (Kiloton)
Table 63 South Africa: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 64 South Africa: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 65 Saudi Arabia: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 66 Saudi Arabia: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 67 Latin America: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 68 Latin America: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 69 Latin America: Magnesium Alloys Market Size, By Alloy Type, 2016–2023 (USD Million)
Table 70 Latin America: Magnesium Alloys Market Size, By Alloy Type, 2016–2023 (Kiloton)
Table 71 Latin America: Magnesium Alloys Market Size, By Country, 2016–2023 (USD Million)
Table 72 Latin America: Magnesium Alloys Market Size, By Country, 2016–2023 (Kiloton)
Table 73 Brazil: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 74 Brazil: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 75 Mexico: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 76 Mexico: Magnesium Alloys Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 77 Nanjing Yunhai Special Metals Co. Ltd.: the Largest Company in the Magnesium Alloys Market
Table 78 Expansions, 2015—2018
Table 79 Agreements, Partnerships, & Joint Ventures, 2015—2018
Table 80 New Product Launches, 2015—2018

List of Figures

Figure 1 Magnesium Alloys: Market Segmentation
Figure 2 Magnesium Alloys Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Cast Alloys to Register the Highest CAGR in the Magnesium Alloys Market
Figure 6 Automotive & Transportation to Be the Largest End-Use Industry of Magnesium Alloys
Figure 7 APAC to Be the Fastest-Growing Market for Magnesium Alloys
Figure 8 Growth Opportunities in the Magnesium Alloys Market Between 2018 and 2023
Figure 9 Cast Alloys to Lead the Magnesium Alloys Market
Figure 10 Automotive & Transportation to Dominate the Magnesium Alloys Market
Figure 11 Body Structure Application to Dominate the Magnesium Alloys Market in the Automotive & Transportation Industry
Figure 12 APAC Led the Magnesium Alloys Market
Figure 13 China to Register the Highest CAGR in the Magnesium Alloys Market
Figure 14 Overview of the Factors Governing the Magnesium Alloys Market
Figure 15 Magnesium Alloys Market: Porter’s Five Forces Analysis
Figure 16 Trends and Forecast of GDP, By Country, 2016 (USD Billion)
Figure 17 Cast Alloy to Be the Dominating Alloy Type Between 2018 and 2023
Figure 18 Automotive & Transportation to Be the Fastest-Growing End-Use Industry of Magnesium Alloys During the Forecast Period
Figure 19 Europe to Lead the Magnesium Alloys Market in the Automotive & Transportation Industry
Figure 20 APAC to Account for the Major Share in the Magnesium Alloys Market in the Electronic Industry
Figure 21 North America to Dominate the Magnesium Alloys Market in the Aerospace & Defense Industry
Figure 22 China to Register the Highest CAGR in the Global Magnesium Alloys Market
Figure 23 North America: Magnesium Alloys Market Snapshot
Figure 24 Europe: Magnesium Alloys Market Snapshot
Figure 25 APAC: Magnesium Alloys Market Snapshot
Figure 26 South Africa to Be the Largest Magnesium Alloys Market in MEA
Figure 27 Brazil to Dominate the Magnesium Alloys Market
Figure 28 Companies Adopted Agreements & Joint Ventures as the Key Growth Strategy Between 2015 and 2018
Figure 29 Magnesium Elektron: Company Snapshot
Figure 30 Magnesium Elektron: SWOT Analysis
Figure 31 KA Shui International Holdings Ltd: Company Snapshot
Figure 32 KA Shui International Holdings Ltd.: SWOT Analysis
Figure 33 Magontec: Company Snapshot
Figure 34 Magontec: SWOT Analysis
Figure 35 U.S. Magnesium: SWOT Analysis
Figure 36 Nanjing Yunhai Special Metals Co. Ltd.: Company Snapshot
Figure 37 Nanjing Yunhai Special Metals Co. Ltd.: SWOT Analysis

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