Magnesium Alloys Market
                     Magnesium Alloys 
Market To Reach USD 
3.19 Billion By 2026
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Market Size – USD 1.2 Billion in 2018, Market Growth - CAGR of 12.7%, Market Trends – 
Increase in applications of Magnesium Alloys through all sectors.
Increase in applications of magnesium alloys by OEMs in various frameworks like bracket, 
oil pumps, radiator support, crankshaft, cylinder crankcase, and in automotive sector in 
vehicles body parts and interior parts are key factors contributing to high CAGR of 
Magnesium Alloys during the forecast period.
The global Magnesium Alloys market was valued at USD 1.21 Billion in 2018 and is expected to 
reach USD 3.19 Billion by year 2026, at a CAGR of 12.7%. Owing to its ability to absorb energy, 
low density, extensive heat dissipation capacity, vibration absorption, high elasticity modulus, 
and high impact bearing capacity, magnesium alloys are considered unique. 
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Market Summary
Beneficial Aspects of the Report:
The demand of the consumers for light-weight vehicles to enhance the performance of these vehicles is 
expected to drive the market growth. An increase in the disposable income of consumers has led to an 
increase in demand for electronic equipment like cell phones, computers, laptops, cameras, and portable 
media device housing, which is expected to drive the market of magnesium alloys during the forecast 
period. Additionally, owing to its ability to form complex shapes, magnesium alloys are suitable in sports 
sector for producing various sports equipment like golf clubs, javelins, tennis rackets, and archery bows.
Rising demand for magnesium alloys from medical sector, automotive, aerospace and defense and growing 
market for electric vehicles are some of the key factors propelling market growth in the industry.
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Market Summary
Some of the key players operating in the Market include: 
Magnesium Elektron (UK), Nanjing Yunhai Special Metals Co. Ltd. (China), Ka Shui International Holdings 
Ltd. (China), US Magnesium (US), Meridian Lightweight Technologies (US), Shanghai Regal Magnesium 
Ltd. Co. (China), Magontec (Australia), Rima Group (Brazil), Smiths Advanced Metals (UK), Shanxi Fugu 
Tianyu Mineral Industry (China).
Alloy Type (Revenue in USD Million; Volume in Tons, 2016–2026)
• Cast Alloys
• Wrought Alloys
• Others
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Market Summary
Further key findings from the report suggest
End-Use Industry (Revenue in USD Million; Volume in Tons, 2016–2026)
• Automotive & Transportation
• Electronics
• Aerospace & Defense
• Power Tools
• Others
The report further provides key insights into the market share held by each product and application in 
the Magnesium Alloys market. Moreover, it also offers radical information about growth prospects and 
patterns. It also provides extensive coverage of the product consumption of each application and 
product. The report also provides a pricing analysis and growth trends for the key segments of the 
market. 
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