Press release
2021 Magnesium Alloys Industry Global Analysis Report
Magnesium alloys are made of magnesium, mixed with other metal elements to improve the physical properties. These elements include manganese, aluminium, zinc, silicon, copper, zirconium, and rare-earth metals. These alloys are produced by electrolysis and thermal reduction processes.
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Europe is projected to have the highest CAGR due to the increasing popularity of electric and hybrid vehicles. The region is expected to witness significant growth because of the increasing penetration of magnesium alloys material and rise in automotive production. The shift in preference towards magnesium over aluminum and steel in major industrial sectors on the account of its durability and low cost can be attributed to the demand.
Some of the key players profiled in the Magnesium Alloys Market include Magnesium LLC, Advanced Magnesium Alloys Corporation (AMACOR), Magontec, Magnesium Elektron, Dead Sea Magnesium, Meridian Lightweight Technologies, China Magnesium Corporation Limited, Ka Shui International Holdings Ltd, Posco, Spartan Light Metal Products, Shanxi Credit Magnesium Co. Ltd., Nanjing Yunhai Special Metals Co. Ltd., Shanxi Yinguang Huasheng Magnesium Co. Ltd., Shanghai Regal Magnesium Limited Company, and Shanxi Fugu Tianyu Mineral Industry.
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Comprehensive profiling of additional market players (up to 3)
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Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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