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Metal Magnesium Market 2023-2032 | Size, Share, Growth, Trends, Revenue, Competitive Landscape, Forecast Report
Metal Magnesium Global Market
Metal Magnesium Market Size, Growth Rate, And Forecast
The global metal magnesium market size grew from $4.12 billion in 2022 to $4.41 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The metal magnesium market size is expected to grow to $5.79 billion in 2027 at a CAGR of 7.1%.
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Metal Magnesium Market Drivers
The increased focus on automotive light-weighting is driving the growth of the metal magnesium market. The focus on lightweight automotive vehicles is increasing due to various reasons such as enhancing significant fuel efficiency, offering a smart look and appearance, and emission standards.
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Metal Magnesium Market Segments
1) By Product: Pure Magnesium, Magnesium Compounds, Magnesium Alloys
2) By Manufacturing Process: Thermal Reduction Process, Electrolyte Process, Recycling
3) By Application: Die Casting, Aluminum Alloys, Titanium Reduction, Iron And Steel Making, Other Applications
4) By End-User Industry: Automotive, Aerospace, Electronics, Sports, Medical, Other End User
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacifc was the largest region in the Metal Magnesium market.
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Metal Magnesium Market Key Players
Major competitors in the Metal Magnesium market include Alliance Magnesium, Wenxi YinGuang Magnesium Industry (Group) Co Ltd., Nippon Kinzoku Co Ltd., POSCO
The Table Of Content For The Metal Magnesium Market Include:
1. Executive Summary
2. Metal Magnesium Market Characteristics
3. Metal Magnesium Market Trends And Strategies
4. Metal Magnesium Market - Macro Economic Scenario
5. Metal Magnesium Market Size And Growth
……
27. Metal Magnesium Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Metal Magnesium Market
29. Metal Magnesium Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Metal Magnesium Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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Segmental Analysis
The segmentation of the Magnesium Metal Market globally is carried out on the basis of application and region. The application based segment of the market consists of desulphurization, die casting, aluminum alloy, metal reduction and others. The regions included in the market are APAC, North America, Europe and Rest of the World.
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Report Description
Magnesium is the third most widely used structural material, after iron and aluminum. The main uses of magnesium are: making aluminum alloy, die-casting, desulfurization in steel production, and…
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Segmental Analysis
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