Magnesium Alloys Market

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Magnesium Alloys Market To Reach USD 3.19 Billion
By 2026
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Market Summary
Market Size USD 1.2 Billion in 2018, Market
Growth - CAGR of 12.7, Market Trends Increase
in applications of Magnesium Alloys through all
sectors.
 According to the current analysis of Reports and
Data, the global Magnesium Alloys market was
valued at USD 1.21 Billion in 2018 and is
expected to reach USD 3.19 Billion by year 2026,
at a CAGR of 12.7. Owing to its ability to
absorb energy, low density, extensive heat
dissipation capacity, vibration absorption, high
elasticity modulus, and high impact bearing
capacity, magnesium alloys are considered unique. 

• Further key findings from the report suggest
• Asia Pacific is considered to be the largest
  market shareholder in 2018 and stays the largest
  shareholder through the forecast period. In the
  Asia Pacific, the market is majorly driven by
  China and South Korea due to an increase of
  magnesium alloys in computers, cell phones, body
  structures, and power trains consumer electronics
  in these countries.
• Magnesium alloys are non-toxic in nature, which
  makes it useful in healthcare and medical
  industry. For example, magnesium alloys are being
  used as biodegradable implants in the human body.

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Market Summary
Key Players
Magnesium Elektron (UK), Nanjing Yunhai Special
Metals Co. Ltd. (China), Ka Shui International
Holdings Ltd. (China), US Magnesium (US),
Meridian Lightweight Technologies (US), Shanghai
Regal Magnesium Ltd. Co. (China), Magontec
(Australia), Rima Group (Brazil), Smiths Advanced
Metals (UK), Shanxi Fugu Tianyu Mineral Industry
Segmentation
Alloy Type (Revenue in USD Million Volume in
Tons, 20162026) Cast Alloys Wrought
Alloys Others End-Use Industry (Revenue in USD
Million Volume in Tons, 20162026) Automotive
Transportation Electronics Aerospace
Defense Power Tools Others
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Market Summary
Regional Outlook for Magnesium Alloys Market
analyses the following geographies North
America (United States, Canada, and
Mexico) Europe (Germany, France, UK, Russia, and
Italy) Asia-Pacific (China, Japan, Korea, India,
and Southeast Asia) South America (Brazil,
Argentina, Colombia, etc.) Middle East and
Africa (Saudi Arabia, UAE, Egypt, Nigeria, and
South Africa)
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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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