Aerospace Magnesium Alloys
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Aerospace
Magnesium Alloys Market Size and Growth
The Aerospace Magnesium Alloys market is experiencing growth driven by demands for lightweight materials and enhanced fuel efficiency. The market size is projected to reach approximately USD 1.2 billion by 2028, with a CAGR of around 5% during the forecast period, reflecting increasing aerospace production and technological advancements in alloy composition. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Luxfer MEL Technologies
◍ Magontec
◍ Shanxi Yinguang Huasheng Magnesium
◍ Shanxi Bada Magnesium
◍ Smiths Metal
◍ Regal Magnesium
◍ Allite, Inc.
◍ Shanxi Fugu Tianyu Mineral
◍ Alloys International
◍ Huashun Magnesium Industry
◍ Tech Steel & Materials
The Aerospace Magnesium Alloys Market features key players like Luxfer MEL Technologies, Magontec, and Smiths Metal, which innovate and supply lightweight alloys for aircraft manufacturing. Their advanced materials enhance fuel efficiency and reduce weight, driving market growth. Actual sales figures include Luxfer at approximately $350 million and Magontec at around $120 million.
Market Segmentation
By Application
Commercial
Military
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By Product
Casting Alloys
Wrought Alloys
Market Growth
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$ X Billion USD
