Magnesium Market In-depth Analysis Growth Projection with Regional Demand and Revenue Forecast

Global Magnesium report from Global Insight Services is the single authoritative source of intelligence on Magnesium market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Market Segmentation

The Magnesium Market is segmented by manufacturing process, end-user, and region. By manufacturing process, the market is classified into thermal reduction process, electrolytic process, and recycling. By end-user, the market is bifurcated into aerospace & defense, automotive, medical & healthcare, electronics, and others. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.

Key Players

The key players in the Magnesium Market are  Alliance Magnesium, Esan Eczacibasi, Latrobe Magnesium, Nippon Kinzoku Co. Ltd., Regal Metal, Shanghai Sunglow Investment (Group) Co., Ltd., SolikamskDesulphurizer Works (SZD), U.S. Magnesium LLC, VSMPO-Avisma Corp. and Western Magnesium Corp.

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Key Drivers

The key drivers of the magnesium market are its low weight, high strength, and corrosion resistance. These properties make magnesium an ideal material for a wide range of applications, including automotive, aerospace, and construction.

The automotive industry is the largest end user of magnesium, accounting for about 40% of global demand. Magnesium is used in a variety of automotive applications, including wheels, seat frames, and engine blocks.

The construction industry is the third largest end user of magnesium, accounting for about 10% of global demand. Magnesium is used in a variety of construction applications, including windows, doors, and framing.

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