Report overview
Magnesium alloys are alloys composed of magnesium-based and other elements. Magnesium alloys are the lightest structural metal materials used in the aircraft, spacecraft and rocket and missile manufacturing industries. Magnesium is lighter than aluminium, with a specific gravity of 1.8 and lower strength, only 200 to 300 MPa (20 to 30 kg/ square millimetre), and is mainly used to manufacture low-load parts.
This report aims to provide a comprehensive presentation of the global market for Aerospace Magnesium Alloys, 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 Aerospace Magnesium Alloys. This report contains market size and forecasts of Aerospace Magnesium Alloys in global, including the following market information:
Global Aerospace Magnesium Alloys Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Aerospace Magnesium Alloys Market Sales, 2018-2023, 2024-2029, (Tons)
Global top five Aerospace Magnesium Alloys companies in 2022 (%)
The global Aerospace Magnesium Alloys market was valued at US$ 201.7 million in 2022 and is projected to reach US$ 325 million by 2029, at a CAGR of 7.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of aerospace magnesium alloys include Luxfer MEL Technologies, Magontec, Shanxi Yinguang Huasheng Magnesium, Shanxi Bada Magnesium, Smiths Metal, etc. The top three players hold a share over 58%. North America is the largest market, has a share about 39%, followed by Europe and Asia-Pacific, with share 29% and 22%, separately. In terms of product type, Casting Alloys is the largest segment, occupied for a share of 50%, and in terms of application, Commercial has a share about 59 percent.
We surveyed the Aerospace Magnesium Alloys 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 Aerospace Magnesium Alloys Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Tons)
Global Aerospace Magnesium Alloys Market Segment Percentages, by Type, 2022 (%)
Casting Alloys
Wrought Alloys
Global Aerospace Magnesium Alloys Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Tons)
Global Aerospace Magnesium Alloys Market Segment Percentages, by Application, 2022 (%)
Commercial
Military
Global Aerospace Magnesium Alloys Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Tons)
Global Aerospace Magnesium Alloys 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 Aerospace Magnesium Alloys revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Aerospace Magnesium Alloys revenues share in global market, 2022 (%)
Key companies Aerospace Magnesium Alloys sales in global market, 2018-2023 (Estimated), (Tons)
Key companies Aerospace Magnesium Alloys sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Luxfer MEL Technologies
Magontec
Shanxi Yinguang Huasheng Magnesium
Shanxi Bada Magnesium
Smiths Metal
Regal Magnesium
Allite, Inc.
Shanxi Fugu Tianyu Mineral
Alloys International
Huashun Magnesium Industry
Tech Steel & Materials
Outline of Major Chapters:
Chapter 1: Introduces the definition of Aerospace Magnesium Alloys, market overview.
Chapter 2: Global Aerospace Magnesium Alloys market size in revenue and volume.
Chapter 3: Detailed analysis of Aerospace Magnesium Alloys 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 Aerospace Magnesium Alloys 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 Aerospace Magnesium Alloys 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.
