Materials & Chemicals

Global Magnesium Market 2016-2020

  • TEC704953
  • 66 Pages
  • September 2016
  • Materials & Chemicals
About Magnesium

Magnesium is the third most abundant metal found in the earths crust with a valence of two, and 1s2, 2s2, 2p6, 3s2, 3p6, 3d5, and 4s2 electron configurations. It belongs to 2A group of the periodic table with atomic number 12. It occurs in three isotopes: 24Mg, 25Mg, and 26Mg. Magnesium bonds with other elements very easily and is rarely found in the pure form. Magnesium is found in deposits of more than 60 minerals out of which brucite, carnallite, dolomite, magnesite, olivine, and talc are of commercial importance.

Technavios analysts forecast the global magnesium market to grow at a CAGR of 5.73% by volume during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global magnesium market for 2016-2020. To calculate the market size, the report considers the revenue generated through sales of magnesium for applications such as aluminum alloys, die casting, titanium refining, steel desulfurization, and nodular cast iron.

The market is divided into the following segments based on geography:
Americas
APAC
Europe
ROW

Technavio's report, Global Magnesium Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Ningxia Hui-Ye Magnesium Marketing
POSCO
Shaanxi Fugu Tianyu Mineral Industry
US Magnesium
Wenxi YinGuang Magnesium Industry

Other prominent vendors
Dead Sea Magnesium
Rima
Solikamsk magnesium works
VSMPO-AVISMA

Market driver
Weight reduction strategy in automotive sector
For a full, detailed list, view our report

Market challenge
Problems with cast microstructure, microstructural homogeneity, and process reliability
For a full, detailed list, view our report

Market trend
Emerging applications in medical and automotive sectors
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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