Global Automotive Magnesium Alloy Sales Market Report 2020
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.
Market Analysis and Insights: Global Automotive Magnesium Alloy Market
The global Automotive Magnesium Alloy market size is projected to reach US$ 1928.1 million by 2026, from US$ 1270.4 million in 2020, at a CAGR of 7.2% during 2021-2026.
Global Automotive Magnesium Alloy Scope and Market Size
The global Automotive Magnesium Alloy market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Magnesium Alloy market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.
Segment by Type, the Automotive Magnesium Alloy market is segmented into
AZ （Mg-Al-Zn）
AM （Mg-AlMn）
AS （Mg-Al-Si）
Other types
Segment by Application, the Automotive Magnesium Alloy market is segmented into
Steering Wheel
Seat Frames
Closures
Powertrain Parts
Others
The Automotive Magnesium Alloy market is analysed and market size information is provided by regions (countries). Segment by Application, the Automotive Magnesium Alloy market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
Automotive Magnesium Alloy market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Automotive Magnesium Alloy business, the date to enter into the Automotive Magnesium Alloy market, Automotive Magnesium Alloy product introduction, recent developments, etc.
The major vendors covered:
Meridian
Dynacast
STOLFIG
GF
DongGuan Eontec
Faw Foundry
Nanjing Yunhai Special Metals
Yinguang Magnesium Industry
Million and Precision Industrial Holdings
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.
Market Analysis and Insights: Global Automotive Magnesium Alloy Market
The global Automotive Magnesium Alloy market size is projected to reach US$ 1928.1 million by 2026, from US$ 1270.4 million in 2020, at a CAGR of 7.2% during 2021-2026.
Global Automotive Magnesium Alloy Scope and Market Size
The global Automotive Magnesium Alloy market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Magnesium Alloy market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.
Segment by Type, the Automotive Magnesium Alloy market is segmented into
AZ （Mg-Al-Zn）
AM （Mg-AlMn）
AS （Mg-Al-Si）
Other types
Segment by Application, the Automotive Magnesium Alloy market is segmented into
Steering Wheel
Seat Frames
Closures
Powertrain Parts
Others
The Automotive Magnesium Alloy market is analysed and market size information is provided by regions (countries). Segment by Application, the Automotive Magnesium Alloy market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
Competitive Landscape
and Automotive Magnesium Alloy Market Share AnalysisAutomotive Magnesium Alloy market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Automotive Magnesium Alloy business, the date to enter into the Automotive Magnesium Alloy market, Automotive Magnesium Alloy product introduction, recent developments, etc.
The major vendors covered:
Meridian
Dynacast
STOLFIG
GF
DongGuan Eontec
Faw Foundry
Nanjing Yunhai Special Metals
Yinguang Magnesium Industry
Million and Precision Industrial Holdings
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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