Automotive Magnesium Alloy Market Size, Share, Production Data, Consumption Data, Trade Data, Price – USD/Unit, Cost, Gross Margin 2025
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.
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.
Global Automotive Magnesium Alloy market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Automotive Magnesium Alloy.
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This industry study presents the global Automotive Magnesium Alloy market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Automotive Magnesium Alloy production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Magnesium Alloy in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Meridian, Dynacast, etc.
The following manufacturers are covered in this report:
Nanjing Yunhai Special Metals
Yinguang Magnesium Industry
Million and Precision Industrial Holdings
Automotive Magnesium Alloy Breakdown Data by Type
Automotive Magnesium Alloy Breakdown Data by Application
Automotive Magnesium Alloy Production by Region
View Complete TOC with Tables and Figures index at: https://www.researchmoz.us/global-automotive-magnesium-alloy-market-insights-forecast-to-2025-report.html/toc
Automotive Magnesium Alloy Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
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