Aluminum-Magnesium Alloys Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Alcoa, Chalco, Yinhai Aluminum, Yunnan Aluminum

Registering a CAGR of 4.5% over the forecast period of 2022-2027x`, the global aluminum-magnesium alloys market is anticipated to reach the market value of US$ 12710 million in the year 2022 from US$ 9399 million in the year 2027.

Aluminum-Magnesium Alloys Market Overview

Aluminum-magnesium alloy is a metal material that consists of aluminum and magnesium. It has a high strength-to-weight ratio, excellent formability, weldability, low density, and good corrosion resistance properties.

The increasing trend of technological developments across the automotive industry is projected to enhancement the usage of Aluminum Magnesium Alloy Rods among other types during the forecast period. This will further lead to an elevated adoption rate of aluminum-magnesium alloy products over the next few years.

In addition, the growing need for lightweight metal components that can be utilized in various applications owing to stringent government regulations pertaining to fuel efficiency and emissions standards on cars worldwide has led to a significant uptake of these products by manufacturers across regions which subsequently enhance their penetration into new application areas including turbines and aircraft parts.

Who are the Major Players in Aluminum-Magnesium Alloys Market?

Top Key players in the Aluminum-Magnesium Alloys Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Aluminum-Magnesium Alloys Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Alcoa, Chalco, Yinhai Aluminum, Yunnan Aluminum, China Hongqiao, Rusal, Rio Tinto, Nanshan Light Alloy, Ahresty, Wanji, Handtmann, Kumz, MCI and others.

Industry News

October 6, 2021: Fehrmann Alloys GmbH & Co KG, Hamburg, Germany, reports that it has added six new aluminium alloys to its portfolio, suitable for Additive Manufacturing processes. After the success of its corrosion-resistant, high-performance AlMgty80 and AlMgty90, the company has now added AlMgty70, AlMgty100 as well as standard cast aluminium AlMgty3, AlMgty5, AlMgty50 and the aluminium-zinc alloy AlZnty5.

What are the major Applications, Types and Regions for Aluminum-Magnesium Alloys Market?

Market is segmented based on the type, applications, companies and regions.

By Type, Aluminum-Magnesium Alloys Market has been segmented into 

• Rod


• Plate


• Others

By Applications, Aluminum-Magnesium Alloys Market has been segmented into

• Automobile Industry


• Electronics Industry


• Rail Transit


• Machinery and Equipment


• Others

Aluminum-Magnesium Alloys Market Regional Analysis

Asia Pacific accounted for a revenue share of 52.0% in 2020 in the market for metal magnesium. Increasing automotive production in China and India are the long-term drivers for the growth of the market for metal magnesium. China is also the largest producer of magnesium metal and produced nearly 910 kilotons of magnesium in 2020. The demand for magnesium metal is mainly projected to increase owing to the rising demand for light-weighting vehicles to reduce harmful emissions

North America

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• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Aluminum-Magnesium Alloys Market report scope?

Key Takeaways from this Evaluate Aluminum-Magnesium Alloys Report

• Evaluate Aluminum-Magnesium Alloys market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.


• Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.


• Analyze the sales and distribution channels across key geographies to improve top-line revenues.


• Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Aluminum-Magnesium Alloys market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Aluminum-Magnesium Alloys Market is studied from 2017 - to 2027.

What is the growth rate of the Aluminum-Magnesium Alloys Market?

The Aluminum-Magnesium Alloys Market is growing at a CAGR of 4.5% over the next 5 years.

Who are the key players in Aluminum-Magnesium Alloys Market?

Alcoa, Chalco, Yinhai Aluminum, Yunnan Aluminum, China Hongqiao, Rusal, Rio Tinto, Nanshan Light Alloy, Ahresty, Wanji, Handtmann, Kumz, MCI and others.

What regions does this Aluminum-Magnesium Alloys Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Aluminum-Magnesium Alloys Market?

Rod, Plate, Others

What are the major end-use applications of the Aluminum-Magnesium Alloys Market?

Automobile Industry, Electronics Industry, Rail Transit, Machinery and Equipment, Others

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