Magnesium Metal Market
Magnesium Metal Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Magnesium Metal Market Size and Growth
The global magnesium metal market is projected to experience steady growth in the forecast period due to increasing demand from the automotive and aerospace industries. The market size is estimated to reach $6.2 billion by 2025, driven by advancements in technology and the growing focus on lightweight materials.
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Companies Covered (Covid 19 Impact Covered)
◍ Wenxi YinGuang
◍ Taiyuan Tongxiang
◍ US Magnesium
◍ Dead Sea
◍ POSCO
◍ RIMA
◍ Solikamsk
◍ Shanxi Wenxi Zhenxin
◍ Shanxi Wenxi Hongfu
The competitive landscape of the Magnesium Metal Market includes companies such as Wenxi YinGuang, Taiyuan Tongxiang, US Magnesium, Dead Sea, POSCO, RIMA, Solikamsk, Shanxi Wenxi Zhenxin, and Shanxi Wenxi Hongfu. These companies utilize magnesium metal for various applications and contribute to the growth of the market.
- Wenxi YinGuang: $100 million
- Taiyuan Tongxiang: $80 million
- US Magnesium: $120 million
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Market Segmentation
By Application By Product
◍ Aluminium Alloys
◍ Die-Casting
◍ Desulphurization
◍ Metal Reduction
◍ Others
◍ 95%-97%
◍ 97%-99%
◍ Above 99%
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$ X Billion USD
Market Growth
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