Global Magnesium Metal Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast 2027

Magnesium is a silvery white metal that is one of the lightest metals accessible for structural use.

                              Magnesium Metal Market



Magnesium is a silvery white metal that is one of the lightest metals accessible for structural use. Magnesium is the ninth most prevalent element in the universe, and it may be found in a variety of natural resources such as seawater or brines. It may be found in significant quantities of magnesite, dolomite, and other minerals, as well as in mineral fluids containing magnesium ion. Because of its low weight, strength, and corrosion resistance, it is largely employed in structural alloys. Thermic reduction of metal salts and oxidised forms with magnesium can create a variety of metals.


The worldwide Magnesium Metal Market is being driven by rising demand for magnesium metal in the automotive industry for the manufacturing of different car parts. Other factors projected to boost expansion of the global magnesium market over the forecast period include the rising use of magnesium metal in the manufacture of aluminium alloys and the increasing use of magnesium for die-casting. Other factors projected to fuel growth of the global magnesium metal market include increased acceptance of magnesium in different sectors such as aerospace, electronics, and packaging.


Market Segmentation:

By application:
  • Aluminum alloys
  • Die-casting
  • Automotive industry
  • Aerospace industry
  • Electronics industry

By region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Magnesium metal and alloys are gaining appeal in a range of end-use sectors due to their lightweight qualities. As a consequence, the automotive and aerospace industries are predicted to create promising demand opportunities for the global magnesium metal market from 2020 to 2030. Magnesium compounds, magnesium alloys, and pure magnesium are only a few commercial magnesium metal possibilities.


The key players operating in the global magnesium metal market are US Magnesium LLC., Dead Sea Magnesium Ltd., POSCO, RIMA Group, Solikamsk Magnesium Works OAO, Wenxi YinGuang Magnesium Industry (Group) Co., Ltd., Shanxi Wenxi Hongfu Magnesium Co., Ltd., Shanxi Wenxi Zhenxin Magnesium Co., Ltd., and Taiyuan Tongxiang Magnesium Co., Ltd.

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