The potential growth difference for the magnesium market between 2020 and 2025 is USD 844.74 million. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
The high demand for steel from various end-use industries and the use of lightweight materials in the automotive industry are some of the key market drivers. However, factors such as the availability of substitutes will challenge market growth.
The magnesium market report is segmented by Application (Die Castings, Aluminum Alloys, Iron and Steel Desulfurization, and Others) and Geography (APAC, Europe, North America, South America, and MEA). APAC will be the leading region with 57% of the market's growth during the forecast period. China is the key market for magnesium in APAC.
View our sample reportfor additional insights into the contribution of all the segments and regional opportunities.
Some Companies Mentioned
China Magnesium Corp.
ICL Group Ltd
Latrobe Magnesium Ltd.
To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
APAC, Europe, North America, South America, and MEA
Performing market contribution
APAC at 57%
Key consumer countries
China, US, Germany, Russian Federation, and Brazil
Leading companies, competitive strategies, consumer engagement scope
China Magnesium Corp., ICL Group Ltd, Latrobe Magnesium Ltd., Magontec Ltd., POSCO, Rima Group, Shaanxi Tianyu Magnesium Industry Group Co. Ltd., US Magnesium LLC, VSMPO-AVISMA Corp., and Western Magnesium Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Key Topics Covered:
Five Forces Analysis
Market Segmentation by Application
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.