Magnesium Alloys
Market
Magnesium Alloys Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Magnesium Alloys Market Size and Growth
The global magnesium alloys market is projected to reach a size of $2.3 billion by 2027, growing at a CAGR of 12.5% during the forecast period. The market is driven by increasing demand in automotive and aerospace industries due to their lightweight, high strength, and corrosion-resistant properties. Growing environmental concerns and stringent regulations are also boosting market growth.
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Companies Covered (Covid 19 Impact Covered)
◍ Magnesium Elektron
◍ Ka Shui International Holdings
◍ Magontec
◍ U.S. Magnesium
◍ Nanjing Yunhai Special Metals
◍ Meridian Lightweight Technologies
◍ Amacor
◍ Shanghai Regal Magnesium
The competitive landscape of the magnesium alloys market includes companies such as Magnesium Elektron, Ka Shui International Holdings, Magontec, U.S. Magnesium, Nanjing Yunhai Special Metals, Meridian Lightweight Technologies, Amacor, Shanghai Regal Magnesium, Shanxi Yinguang Huasheng Magnesium, and Shanxi Credit Magnesium. These companies contribute to the growth of the magnesium alloys market by providing innovative products, expanding their manufacturing capacity, and entering new markets.
- Magnesium Elektron: Sales revenue of $100 million
◍ Shanxi Yinguang Huasheng Magnesium
◍ Shanxi Credit Magnesium
- Ka Shui International Holdings: Sales revenue of $50 million
- Magontec: Sales revenue of $80 million
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Market Segmentation
By Application By Product
◍ Automotive & Transportation
◍ Electronic
◍ Aerospace & Defense
◍ Power Tools
◍ Cast Alloys
◍ Wrought Alloys
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$ X Billion USD
Market Growth
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