Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Magnesium Metal Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Magnesium Metal Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Magnesium
Metal Market over the short as well
as long period of time. A detailed presentation of forecast, trends, and dollar
values of global Magnesium Metal Market is offered. In accordance with the report, the global
Magnesium Metal Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Primary magnesium is a silvery-white metal obtained either from
mineral sources (dolomite, magnesite, etc.) or from sea-water/ brines through
one of two prominent processes, namely thermal process or through electrolytic
process. Magnesium is the eighth most abundant element in the world. It is one
of the lightest materials available for use in structural applications.
It is primarily used in the manufacture of die-cast components for
automotive, aerospace, electronics applications. It also finds wide-scale
application in production of aluminum alloys.
Ø Growing automotive sales and
corresponding increase in automotive/vehicle park is expected to result in
significant increase in environmental greenhouse gas emissions. According to
EPA, transportation sector accounted for around 28% of overall greenhouse gas
emissions in 2015 in U.S.
Ø Thus, in order to tackle the menace
of increasing environmental pollution emanating from transportation sector,
development of greener technologies and vehicles that are all the more fuel
efficient has emerged as a top priority for automotive industry think tanks and
related R&D activities
Ø Magnesium is one of the most
versatile metals on earth. It is around 75% lighter than steel and 33% lighter
than aluminium. Moreover, use of magnesium for automotive components results in
parts that not only are lighter in weight but also are relatively more
dimensionally stable. Besides, several intricate and thin walled components can
be manufactured with relatively more ease vis-à-vis some of the conventional
materials
Ø According to CAFÉ (Corporate Average
Fuel Economy) standards that were first introduced in the U.S. in 1978 with an
intent of improving fuel economy of vehicles, thereby reducing environmental
impact.
Ø In May 2012, standards for fuel economy up to
2025 were established. Accordingly, for 2021, the standards will necessitate an
average fuel economy of 40.3 – 41.0 mpg (miles per gallon) whereas the average
fuel economy proposed for 2025 is around 54.5 mpg
Ø Similarly, the European Union has
laid down stringent targets pertaining to fuel consumption and emissions per
kilometre
Ø The EU legislation stated target of
130 grams of CO2 per kilometre by 2015 for new cars registered. This
translates into consumption of around 5.6 litres of fuel (petrol) per 100 km.
The target for 2021 is 95 grams of CO2 per kilometre, translating
into around 4.1 litres of petrol consumption per 100 km
Roofing in Porsche AG’s new 911 GT3 RS is composed of magnesium
sheeting sourced from POSCO, rendering it effective yet relatively lower in
weight as compared to aluminum and CFRP. The car was launched in 2016.
Front module in 2016 Mercedes-AMG GT S is composed of magnesium
resulting in a optimal weight saving and agility
Fiat Chrysler Automobiles NV – Italian-American automotive giant has
developed magnesium based components (including liftgate) in order to effect
weight savings in its new minivan 2017 Chrysler Pacifica
Segment Covered:
This market intelligence
report on the global Magnesium Metal Market encompasses market segments based on application and country.
By
Application the global Magnesium Metal Market has been divided into:
·
Aluminium Alloys
·
Die-Casting
·
Desulphurization
·
Metal Reduction
·
Others
By country/region,
the global Magnesium Metal Market has been divided into:
·
North America
(the U.S., Canada),
·
Latin America
(Brazil, Mexico, Argentina and other countries),
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries),
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries),
·
Middle East and
Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
·
US Magnesium
LLC.
·
Dead Sea
Magnesium Ltd.
·
POSCO
·
RIMA Group.
·
Solikamsk
Magnesium Works OAO
·
Wenxi YinGuang
Magnesium Industry (Group) Co., Ltd
·
Shanxi Wenxi
Hongfu Magnesium Co., Ltd.
·
Taiyuan
Tongxiang Magnesium Co., Ltd
·
Others
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Magnesium Metal Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Magnesium
Metal Market, size of the
market (US$ Mn ), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Magnesium Metal Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Magnesium Metal caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Magnesium
Metal Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Magnesium Metal Market
v
Identification
of key factors driving investment opportunities in the Magnesium
Metal Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants