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Magnesium Alloys Market Size, Industry Demand, Key Players- Magnesium Elektron, Ka Shui International Holdings, Magontec, US Magnesium LLC,

04-01-2019 10:32 AM CET | Science & Education

Press release from: MarketsandMarkets Chemical

Magnesium Alloys Market worth 2.37 Billion USD by 2023

Magnesium Alloys Market worth 2.37 Billion USD by 2023

The Magnesium Alloys Market Global Industry Research Report is estimated to grow from USD 1.16 Billion in 2017 to USD 2.37 Billion by 2023, at a CAGR of 12.7% during the forecast period.

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Key manufacturers of magnesium alloys include Magnesium Elektron (UK), Ka Shui International Holdings Ltd. (China), Magontec (Australia), US Magnesium LLC (US), Nanjing Yunhai Special Metals Co. Ltd., and Meridian Lightweight Technologies (US).

The base year considered for the study is 2017, and the market size is projected for the period between 2018 and 2023. The increase in the use of magnesium alloys in the automotive & transportation and electronics end-use industries is expected to drive the market in the coming years.

Objectives of the Study:
The report analyzes the global magnesium alloys market, in terms of volume (kilotons) and value (USD million). The report also estimates the size and growth potential of the magnesium alloys market across different segments, such as end-use industries, alloy type, and region. It forecasts the market size for five regions, namely APAC, North America, Europe, Middle East & Africa, and Latin America. The study also covers market opportunities and competitive landscape for stakeholders and market leaders.

The research methodology used to estimate and forecast the magnesium alloys market begins with gathering data on key company revenues and raw material costs through secondary sources, such as International Magnesium Association, American Foundry Society, Factiva, D&B Hoovers, Manta, and others. Product offerings are also taken into consideration to determine the market segmentation. The bottom-up approach was used to arrive at the overall size of the magnesium alloys market from the revenue of key players. After arriving at the total market size, the overall market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with CEOs, VPs, directors, and key executives from related industries. Data triangulation and market breakdown procedures were used to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the magnesium alloys market.

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List of Figures (37 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

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MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

Mr. Shelly Singh
Markets and Markets
Tower No - B5
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India

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