The global magnesium market to grow at a CAGR of 5.73% by volume during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global magnesium market for 2016-2020. To calculate the market size, the report considers the revenue generated through sales of magnesium for applications such as aluminum alloys, die casting, titanium refining, steel desulfurization, and nodular cast iron.
According to the report, the global steel sections market is growing on the back of the demand coming from the power industry. Upgrading of power distribution lines is the major factor driving the market. Countries like Paraguay and Brazil are undergoing heavy industrialization activities, and thus, also investing in transmission and distribution lines. For instance, in 2012, Brazil government planned to invest $235 billion in developing transmission and distribution network within a span of 10 years. Thus, an increase in the demand for structural steel is a major driver for the global magnesium market.
Further, the report states that magnesium is widely used for steel desulfurization process. Global steel demand grew only to 2% in 2015 in comparison to 3.3% in 2013. Thus, declining steel demand is a challenge for the global magnesium market. The reason has been the weak global economic environment, which has resulted in low consumption and business sentiment. Though developed countries are recovering and experiencing positive growth, the market in China, the largest steel producer in the world, is experiencing slow growth because the country is moving to a consumption-based economy from an investment-driven economy. Moreover, steel demand from other emerging economies is also uncertain because of reasons such as political instability and volatile financial markets.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Ningxia Hui-Ye Magnesium Marketing
- Shaanxi Fugu Tianyu Mineral Industry
- US Magnesium
- Wenxi YinGuang Magnesium Industry
Other prominent vendors
- Dead Sea Magnesium
- Solikamsk magnesium works
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Geographic Segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/n8xl44/global_magnesium
Research and Markets
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SOURCE Research and Markets