Press release
Magnesium Metal Market to reach USD 6.29 Bn by 2029, emerging at a CAGR of 5.5 percent and forecast 2023-2029
Magnesium Metal Market
To understand the methodology employed for this research, please refer to the Research Methodology section of the report.
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Magnesium Metal Market Dynamics:
The growth of the Magnesium Metal Market is driven by increased utilization of magnesium metal in various industries due to its unique properties, such as non-toxicity and excellent biocompatibility, making it widely used in the healthcare and medical sectors globally.
Magnesium metal's advanced mechanical and electrical properties, including superior heat transfer and durability, have led to increased adoption in the manufacturing of equipment. This development is expected to create significant sales opportunities for market players in the forecast period.
Magnesium Metal Market Regional Insights:
In 2021, the Asia Pacific region held the largest market share at 48%. The region's growth is driven by increased demand for magnesium metal in various industries, including automotive and electronics.
China is expected to witness significant growth with a CAGR of 6.1% during the forecast period. This growth can be attributed to rapid development, government initiatives, and the increasing number of manufacturing companies.
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Magnesium Metal Market Segmentation:
by End user
• Aerospace & Defense
• Automotive
• Medical & healthcare
• Electronics
by Application
• Die Casting
• Aluminum Alloy
• Iron & steel desulfurization
• Others
Magnesium Metal Market Key Players:
• US Magnesium LLC.
• Dead Sea Magnesium Ltd.,
• POSCO,
• RIMA Group
• Solikamsk Magnesium Works OAO
• Wenxi YinGuang Magnesium Industry Co., Ltd.,
• Shanxi Wenxi Hongfu Magnesium Co., Ltd.,
• Shanxi Wenxi Zhenxin Magnesium Co., Ltd.,
• Taiyuan Tongxiang Magnesium Co., Ltd.
• Alliance Magnesium Inc
• Regal Magesuim Co. ltd.
• Magontec Ltd
• NIPPON KINZOKU Co. Ltd
• Amacor
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Table of content for the Magnesium Metal Market includes:
Global Magnesium Metal Market : Research Methodology
Global Magnesium Metal Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Magnesium Metal Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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