A combination of light weight, high specific strength, and good castability makes magnesium alloys a promising engineering material for the automotive and aerospace industries. Mg-Al-based alloys, especially the AZ and AM series, combine good room-temperature strength and ductility with satisfying salt-spray corrosion resistance and excellent castability.
Vehicle weight reduction is one of the major means available to improve automotive fuel efficiency. High-strength steels, aluminum (Al), and polymers are already being used to reduce weight significantly, but substantial additional reductions could be achieved by greater use of low-density magnesium (Mg) and its alloys. Magnesium alloys are currently used in relatively small quantities for auto parts, generally limited to die castings, e.g., housings.
Europe and North America are anticipated to witness significant growth over the forecast period owing to rise in automotive production. Asia Pacific is predicted to observe high growth due to increasing demand for luxury vehicle and increasing annual vehicle production.

The global Automotive Magnesium Alloy market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Automotive Magnesium Alloy volume and value at global level, regional level and company level. From a global perspective, this report represents overall Automotive Magnesium Alloy market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Automotive Magnesium Alloy in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Automotive Magnesium Alloy manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.

The following manufacturers are covered:
Meridian
Dynacast
STOLFIG
GF
DongGuan Eontec
Faw Foundry
Nanjing Yunhai Special Metals
Yinguang Magnesium Industry
Million and Precision Industrial Holdings

Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India

Segment by Type
AZ （Mg-Al-Zn）
AM （Mg-AlMn）
AS （Mg-Al-Si）
Other types

Segment by Application
Steering Wheel
Seat Frames
Closures
Powertrain Parts
Others