Global Magnesium Market 2021-2025

Global Magnesium Market 2021-2025

  • September 2021 •
  • 120 pages •
  • Report ID: 4213390 •
  • Format: PDF
Global Magnesium Market 2021-2025
The analyst has been monitoring the magnesium market and it is poised to grow by $ 844.74 mn during 2021-2025, progressing at a CAGR of 5.50% during the forecast period. Our report on the magnesium market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the high demand for steel from various end-use industries and the use of lightweight materials in the automotive industry. In addition, the high demand for steel from various end-use industries is anticipated to boost the growth of the market as well.
The magnesium market analysis includes the application segment and geographic landscape.

The magnesium market is segmented as below:
By Application
• Die Castings
• Aluminum Alloys
• Iron and Steel Desulfurization
• Others

By Geographical Landscape
• APAC
• Europe
• North America
• South America
• MEA

This study identifies the high production of magnesium in Chinaas one of the prime reasons driving the magnesium market growth during the next few years.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on magnesium market covers the following areas:
• Magnesium market sizing
• Magnesium market forecast
• Magnesium market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading magnesium market vendors that include 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. Also, the magnesium market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.