Yahoo FinanceMagnesium Market Size to Grow by USD 844.74 Million| High Demand for Steel From Various End-use Industries to Boost Market Growth | 17,000+ Technavio Research Reports
NEW YORK, Oct. 27, 2021 /PRNewswire/ -- The "Magnesium Market by Application and Geography - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
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:
Market Driver
Market Challenges
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.
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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 report for additional insights into the contribution of all the segments and regional opportunities.
Some Companies Mentioned
China Magnesium Corp.
ICL Group Ltd
Latrobe Magnesium Ltd.
Magontec Ltd.
POSCO
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Magnesium Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of almost 5.50% |
Market growth 2021-2025 | USD 844.74 million |
Market structure | Fragmented |
YoY growth (%) | 3.71 |
Regional analysis | APAC, Europe, North America, South America, and MEA |
Performing market contribution | APAC at 57% |
Key consumer countries | China, US, Germany, Russian Federation, and Brazil |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | 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. |
Market Dynamics | 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. |
Customization purview | 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:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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