Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Automotive Magnesium Alloy, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Magnesium Alloy. This report contains market size and forecasts of Automotive Magnesium Alloy in global, including the following market information:
Global Automotive Magnesium Alloy Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Automotive Magnesium Alloy Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Automotive Magnesium Alloy companies in 2022 (%)
The global Automotive Magnesium Alloy market was valued at US$ 1212.8 million in 2022 and is projected to reach US$ 1933.6 million by 2029, at a CAGR of 6.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Automotive Magnesium Alloy manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Magnesium Alloy Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Automotive Magnesium Alloy Market Segment Percentages, by Type, 2022 (%)
AZ ?Mg-Al-Zn?
AM ?Mg-AlMn?
AS ?Mg-Al-Si?
Other types
Global Automotive Magnesium Alloy Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Automotive Magnesium Alloy Market Segment Percentages, by Application, 2022 (%)
Steering Wheel
Seat Frames
Powertrain Parts
Others
Global Automotive Magnesium Alloy Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Automotive Magnesium Alloy Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Magnesium Alloy revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Automotive Magnesium Alloy revenues share in global market, 2022 (%)
Key companies Automotive Magnesium Alloy sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Automotive Magnesium Alloy sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Meridian
Dynacast
STOLFIG
GF
DongGuan Eontec
Faw Foundry
Nanjing Yunhai Special Metals
Yinguang Magnesium Industry
Million and Precision Industrial Holdings
Outline of Major Chapters:
Chapter 1: Introduces the definition of Automotive Magnesium Alloy, market overview.
Chapter 2: Global Automotive Magnesium Alloy market size in revenue and volume.
Chapter 3: Detailed analysis of Automotive Magnesium Alloy manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Automotive Magnesium Alloy in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Automotive Magnesium Alloy capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
