Allied Market Research
Upcoming Allied Market Research
Magnesium Alloys Market

Magnesium Alloys Market by Alloy Type (Cast Alloys, Wrought Alloys, and Others) and End-use Industry (Automotive & Transportation, Electronic, Aerospace & Defence, Power Tools, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

Pages: NA
Jul 2022 | 274 Views
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.



Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Magnesium Alloys Market

Request Now !

In terms of innovation and development of new alloys to improve tensile strength and other properties of conventional metals, the global metals and alloys industry is transitioning. Magnesium is one of the most common elements on the planet. It is mostly found in the form of dolomite, magnesite, and carnallite minerals on the surface of ocean beds. Heat resistance, tensile strength, and creep resistance are all improved by alloying magnesium.

Magnesium alloys are used as weight-saving alternatives to aluminium and iron metals, as well as to improve the material's tensile strength. Magnesium alloys are used in a wide range of applications, including portable electronic devices, automobile parts, computer parts, and portable telephones, due to their excellent corrosion resistance and lightweight. Magnesium alloys' improved heat resistance and strength have expanded their use in automotive frame manufacturing and the aerospace industry. Magnesium reserves are about a fifth of those of iron, a quarter of those of aluminium, and 190 times those of copper and nickel. Magnesium's high abundance makes it one of the most inexhaustible resources found all over the world. Magnesium is one of the lightest metals used in the construction of frames, structures, and parts for cellular phones. Magnesium is one-quarter the density of iron and two-thirds the density of aluminium. Magnesium alloys have excellent shielding properties and can provide electromagnetic wave protection, making them suitable for use in the aerospace industry. Magnesium alloys are made in specific proportions with aluminium, zinc, manganese, and other rare Earth metals to produce a variety of alloys with different physical properties. Electrolysis and thermal reduction processes are used to create these alloys. Magnesium chloride is extracted from the ores and then reduced to a metallic form through the electrolysis process.

COVID-19 Impact analysis

The recent COVID-19 pandemic has caused the global economy to slow down. The food, pharmaceutical, and chemical industries are all experiencing significant sales declines. This scenario has had a negative impact on the global market’s growth. Aside from that, many players in the magnesium alloys market are experiencing production and trading disruptions. As a result, key players in the magnesium alloys market are focusing more on strategizing their business moves in order to resume normal operations.

Top Impacting Factors

The market is being driven by the increasing production of engineering components for weight reduction without compromising overall strength, as well as the growing demand for vibration damping capacity.

Growing awareness of the benefits of magnesium alloys over other alloys, increased consumption of the product in various applications such as artificial-organ implants, and increased adoption of magnesium alloys in various industries such as aerospace, defence, and healthcare are all expected to drive market growth to a significant extent. Other major factors expected to drive growth of the global magnesium alloys market include increasing demand for magnesium alloys for producing jet-engine-fan frames, spacecraft, transmission castings, and increasing investments by various countries in the defence sector around the world, as well as increasing demand for technologically advanced lightweight commercial aircrafts.

Market Trends 

  • Magnesium alloys can be used for a variety of purposes. They are used in the production of engine blocks and wheels, which helps to reduce weight, especially in sports cars.
  • Automobile manufacturers have been using magnesium alloys in their manufacturing processes to reduce weight and improve fuel efficiency and performance. Magnesium alloys are preferred in engine blocks because they are heat resistant.
  • Many large automakers, including Audi, Mercedes-Benz, Ford, Jaguar, Fiat, and KIA Motors Corporation, have already switched to magnesium alloys instead of steel and aluminium in their vehicles.
  • Magnesium alloys have excellent impact resistance and absorb shocks and vibrations during travel, resulting in a smooth and comfortable drive for consumers. Magnesium alloys are also environmentally friendly because they are recyclable.
  • Due to China's highly developed automotive sector and the recent development of aerospace component production, Asia-Pacific is expected to dominate the global market.
  • Due to the large electronic production bases in China, Taiwan, and South Korea, magnesium alloys have become increasingly popular in the electronics industry for the production of cameras, cell phones, laptops, and portable media devices.
  • The market for magnesium alloys is expected to grow due to increased demand for automobiles, mobile phones, and notebook PCs made of magnesium alloys. The Asia Pacific region accounted for a sizable portion of the magnesium alloys market. Magnesium alloys' increasing use in reinforced automotive frames, biomedical, healthcare, and aerospace industries is expected to boost demand in the future.
  • The magnesium alloys market in this region is expected to be driven by the availability of magnesium ores, cost-effective manufacturing, and an increase in indigenous production of magnesium alloys.
  • The growing use of magnesium alloys in artificial human implants is expected to fuel the global market for magnesium alloys in medical applications. The market is expected to be restrained by magnesium alloys' high flammability, corrosion, and elongation at high temperatures.

​​​​​​​Key Benefits of the Report

  • This study presents the analytical depiction of the Magnesium alloys market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Magnesium alloys market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the Magnesium alloys market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Magnesium alloys market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Magnesium Alloys Market Report

  • Who are the leading market players active in the Magnesium alloys market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What are Magnesium alloys?
  • What does Magnesium alloys allow organizations to achieve?
  • Which technologies combine to make Magnesium alloys critical organizational asset?
  • What are the current trends and predicted trends?                                                                                                                               

Key Market Segments

Segments Sub-segments
By Alloy Type
  • Cast Alloys
  • Wrought Alloys
  • Others
By End-Use Industry
  • Automotive & Transportation
  • Electronic
  • Aerospace & Defence
  • Power Tools
  • Others
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Market Players

  • Globe Specialty Metals
  • Magontec Ltd.
  • Nanjing Yunhai Special Metals Co.
  • Yinguang Weijie Magnesium Industry Co
  • Fugu Jinwantong Magnesium Industry Co.
  • Ningxia Hui-ye Magnesium Marketing Group Co.,Ltd.
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Start reading ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Call or Email us

Toll-free :
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email :
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.










Purchase Full Report of
Magnesium Alloys Market

Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise

  • $9,995
  • Unlimited
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers


Featured Reports


Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2021–2030

Published in Feb 2022

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings


Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers