Global Magnesium Metal Market is anticipated to increase at a CAGR of 7.1% during 2016-2026
Global demand for magnesium metal will reach 1,085 KT in 2016, representing market value worth US$ 3.13 Bn. Steady automotive sales in the US and Western Europe, combined with a rapidly growing Asia Pacific automotive market will continue to drive demand for magnesium, as manufacturers increase their emphasis on fuel efficiency and emission control. Magnesium’s applications in making automotive wheels, transmission cases, and engine blocks will continue to fuel demand in 2016 and beyond.
Global demand for magnesium metal will reach 1,085 KT in 2016, representing market value worth US$ 3.13 Bn. Steady automotive sales in the US and Western Europe, combined with a rapidly growing Asia Pacific automotive market will continue to drive demand for magnesium, as manufacturers increase their emphasis on fuel efficiency and emission control. Magnesium’s applications in making automotive wheels, transmission cases, and engine blocks will continue to fuel demand in 2016 and beyond.
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Report Id : REP-GB-1550<br />
Publ<strong>is</strong>hed On : May-<strong>2016</strong><br />
C<strong>at</strong>egory : Chemicals & M<strong>at</strong>erials<br />
<strong>Magnesium</strong> <strong>Metal</strong> <strong>Market</strong>: <strong>Global</strong> Industry Analys<strong>is</strong> and<br />
Opportunity Assessment <strong>2016</strong> - <strong>2026</strong>
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<strong>Magnesium</strong> <strong>Metal</strong> <strong>Market</strong><br />
<strong>Global</strong> demand for magnesium metal will reach 1,085 KT in <strong>2016</strong>, representing market value worth US$ 3.13<br />
Bn. Steady au<strong>to</strong>motive sales in the US and Western Europe, combined with a rapidly growing Asia Pacific<br />
au<strong>to</strong>motive market will continue <strong>to</strong> drive demand for magnesium, as manufacturers <strong>increase</strong> their emphas<strong>is</strong><br />
on fuel efficiency and em<strong>is</strong>sion control. <strong>Magnesium</strong>’s applic<strong>at</strong>ions in making au<strong>to</strong>motive wheels,<br />
transm<strong>is</strong>sion cases, and engine blocks will continue <strong>to</strong> fuel demand in <strong>2016</strong> and beyond.<br />
Environmental and leg<strong>is</strong>l<strong>at</strong>ive influences will continue <strong>to</strong> promote the use <strong>of</strong> magnesium v<strong>is</strong>-à-v<strong>is</strong> steel and<br />
aluminium. As lightweight and fuel-efficient vehicles gain centre stage in the au<strong>to</strong>motive landscape,<br />
magnesium <strong>is</strong> gaining traction as a preferred manufacturing m<strong>at</strong>erial.<br />
Applic<strong>at</strong>ion-w<strong>is</strong>e, magnesium alloys and die-casting will continue <strong>to</strong> remain the largest segments, accounting<br />
for 349 KT and 302 KT respectively in <strong>2016</strong>. Demand will also be supported by magnesium’s growing<br />
applic<strong>at</strong>ions in iron and steel desulphur<strong>is</strong><strong>at</strong>ion. <strong>Magnesium</strong> will continue <strong>to</strong> witness stable demand from the<br />
aerospace sec<strong>to</strong>r, owing <strong>to</strong> its excellent properties as a reductant in manufacturing titanium.<br />
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While magnesium’s excellent properties will continue <strong>to</strong> boost its adoption in end-use industries, slower<br />
economic growth and stringent import regul<strong>at</strong>ions can impede demand in <strong>2016</strong>.
<strong>Magnesium</strong> <strong>Metal</strong> <strong>Market</strong><br />
Leading players in the magnesium metal landscape are expected <strong>to</strong> focus on capacity expansions and<br />
capacity additions <strong>to</strong> address these challenges.<br />
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Asia Pacific excluding Japan (APEJ) will remain the largest market for magnesium metals, accounting for 518<br />
KT <strong>of</strong> magnesium in <strong>2016</strong>, up from 482 KT in 2015. The region accounts for a major share in overall global<br />
au<strong>to</strong>motive and steel production, and magnesium <strong>is</strong> widely used in these industries. China will continue <strong>to</strong><br />
be the most lucr<strong>at</strong>ive market for magnesium -- <strong>of</strong> the overall global magnesium production capacity, around<br />
85% <strong>is</strong> concentr<strong>at</strong>ed in China, while the remainder <strong>is</strong> d<strong>is</strong>tributed in pockets across the globe. Key China<br />
based players include Taiyuan Tongxiang <strong>Magnesium</strong> Co., Ltd, Shanxi Wenxi Hongfu <strong>Magnesium</strong> Co.,<br />
Ltd.,Wenxi YinGuang <strong>Magnesium</strong> Industry (Group) Co., Ltd., and Shanxi Wenxi Zhenxin <strong>Magnesium</strong> Co., Ltd.<br />
among others. Some <strong>of</strong> the key players based outside <strong>of</strong> China include US <strong>Magnesium</strong> LLC.; Dead Sea<br />
<strong>Magnesium</strong> Ltd.; POSCO; RIMA Group; Solikamsk <strong>Magnesium</strong> Works OAO. Players based outside China are<br />
channel<strong>is</strong>ing efforts <strong>to</strong>wards ramping up production capacities <strong>to</strong> better c<strong>at</strong>er <strong>to</strong> growing magnesium<br />
demand across the globe. Over the next two <strong>to</strong> three years several new magnesium production facilities are<br />
sl<strong>at</strong>ed <strong>to</strong> become oper<strong>at</strong>ional across the globe.<br />
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Table <strong>of</strong> Content<br />
1. Executive Summary<br />
2. Assumptions and Acronyms<br />
3. Research Methodology<br />
4. <strong>Magnesium</strong> <strong>Market</strong> Overview<br />
4.1. Introduction<br />
4.1.1. <strong>Magnesium</strong> Definition<br />
4.1.2. <strong>Magnesium</strong> <strong>Market</strong> Taxonomy<br />
4.1.3. <strong>Magnesium</strong> Applic<strong>at</strong>ions Overview<br />
4.2. <strong>Magnesium</strong> Dynamics<br />
4.2.1. Drivers<br />
4.2.2. Restraints<br />
4.2.3. Opportunity<br />
4.2.4. Value Chain<br />
4.2.5. Process & Cost Structure Overview<br />
4.3. <strong>Magnesium</strong> Production Capacity D<strong>is</strong>tribution Analys<strong>is</strong>
Table <strong>of</strong> Content<br />
5. <strong>Global</strong> <strong>Magnesium</strong> Forecast<br />
5.1. <strong>Market</strong> Size Forecast<br />
5.1.1. Y-o-Y Growth Projections<br />
5.1.2. Absolute $ Opportunity<br />
5.2. Regional Average Pricing Analys<strong>is</strong> (2015)<br />
5.3. <strong>Global</strong> <strong>Magnesium</strong> Snapshot (2015)<br />
5.3.1. <strong>Market</strong> Share, By Region<br />
5.3.2. <strong>Market</strong> Share, By Applic<strong>at</strong>ion<br />
6. <strong>Global</strong> <strong>Magnesium</strong> Analys<strong>is</strong>, By Applic<strong>at</strong>ion<br />
6.1. Introduction<br />
6.1.1. Y-o-Y Growth Compar<strong>is</strong>on, By Applic<strong>at</strong>ion<br />
6.1.2. <strong>Market</strong> Share & Bas<strong>is</strong> Point (BPS) Analys<strong>is</strong>, By Applic<strong>at</strong>ion<br />
6.2. <strong>Market</strong> Forecast, By Applic<strong>at</strong>ion<br />
6.2.1. Aluminium Alloys<br />
6.2.1.1. Absolute $ Opportunity<br />
6.2.1.2. <strong>Market</strong> Size Forecast
Table <strong>of</strong> Content<br />
6.2.2. Die-Casting<br />
6.2.2.1. Absolute $ Opportunity<br />
6.2.2.2. <strong>Market</strong> Size Forecast<br />
6.2.3. Desulphuriz<strong>at</strong>ion<br />
6.2.3.1. Absolute $ Opportunity<br />
6.2.3.2. <strong>Market</strong> Size Forecast<br />
6.2.4. <strong>Metal</strong> Reduction<br />
6.2.4.1. Absolute $ Opportunity<br />
6.2.4.2. <strong>Market</strong> Size Forecast<br />
6.2.5. Others<br />
6.2.5.1. Absolute $ Opportunity<br />
6.2.5.2. <strong>Market</strong> Size Forecast<br />
6.3. <strong>Market</strong> Attractiveness Analys<strong>is</strong>, By Applic<strong>at</strong>ion<br />
7. <strong>Global</strong> <strong>Magnesium</strong> Analys<strong>is</strong>, By Region<br />
7.1. Introduction<br />
7.1.1. Y-o-Y Growth Projections, By Region
Table <strong>of</strong> Content<br />
7.1.2. <strong>Market</strong> Share & Bas<strong>is</strong> Point (BPS) Analys<strong>is</strong>, By Region<br />
7.2. <strong>Market</strong> Forecast, By Region<br />
7.2.1. North America <strong>Market</strong> Size Forecast<br />
7.2.2. L<strong>at</strong>in America <strong>Market</strong> Size Forecast<br />
7.2.3. Western Europe <strong>Market</strong> Size Forecast<br />
7.2.4. Eastern Europe <strong>Market</strong> Size Forecast<br />
7.2.5. APEJ <strong>Market</strong> Size Forecast<br />
7.2.6. Japan <strong>Market</strong> Size Forecast<br />
7.2.7. MEA <strong>Market</strong> Size Forecast<br />
7.3. Regional Attractiveness Analys<strong>is</strong><br />
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