NEW YORK, Oct. 27, 2021 /PRNewswire/ -- The "Magnesium
Market by Application and Geography - Forecast and Analysis
2021-2025" report has been added to Technavio's offering. With ISO
9001:2015 certification, Technavio is proudly partnering with more
than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the magnesium market between
2020 and 2025 is USD 844.74
million. To get the exact yearly growth variance and the
Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver
- Market Challenges
The high demand for steel from various end-use industries
and the use of lightweight materials in the automotive industry are
some of the key market drivers. However, factors such as the
availability of substitutes will challenge market growth.
To learn about additional key drivers, trends,
and challenges available with Technavio. Read our FREE
Sample Report!
The magnesium market report is segmented by Application (Die
Castings, Aluminum Alloys, Iron and Steel Desulfurization, and
Others) and Geography (APAC, Europe, North
America, South America, and
MEA). APAC will be the leading region with 57% of
the market's growth during the forecast period. China is the key market for magnesium
in APAC.
View our sample report for additional
insights into the contribution of all the segments and regional
opportunities.
Some Companies Mentioned
- China Magnesium Corp.
- ICL Group Ltd
- Latrobe Magnesium Ltd.
- Magontec Ltd.
- POSCO
- To gain access to more vendor profiles with their key offerings
available with Technavio, Click Here
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Application and Geography - Forecast and Analysis 2021-2025
|
Magnesium Market
Scope
|
|
Report
Coverage
|
Details
|
|
Page
number
|
120
|
|
Base
year
|
2020
|
|
Forecast
period
|
2021-2025
|
|
Growth momentum
& CAGR
|
Accelerate at a CAGR
of almost 5.50%
|
|
Market growth
2021-2025
|
USD 844.74
million
|
|
Market
structure
|
Fragmented
|
|
YoY growth
(%)
|
3.71
|
|
Regional
analysis
|
APAC, Europe, North
America, South America, and MEA
|
|
Performing market
contribution
|
APAC at
57%
|
|
Key consumer
countries
|
China, US, Germany,
Russian Federation, and Brazil
|
|
Competitive
landscape
|
Leading companies,
competitive strategies, consumer engagement scope
|
|
Companies
profiled
|
China Magnesium
Corp., ICL Group Ltd, Latrobe Magnesium Ltd., Magontec Ltd., POSCO,
Rima Group, Shaanxi Tianyu Magnesium Industry Group Co. Ltd., US
Magnesium LLC, VSMPO-AVISMA Corp., and Western Magnesium
Corp.
|
|
Market
Dynamics
|
Parent market
analysis, Market growth inducers and obstacles, Fast-growing and
slow-growing segment analysis, COVID-19 impact and future consumer
dynamics, market condition analysis for the forecast
period.
|
|
Customization
purview
|
If our report has not
included the data that you are looking for, you can reach out to
our analysts and get segments customized.
|
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by Application
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
About Us
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions. With over 500 specialized analysts,
Technavio's report library Their client base consists of
enterprises of all sizes, including more than 100 Fortune 500
companies. This growing client base relies on Technavio's
comprehensive coverage, extensive research, and actionable market
insights to identify opportunities in existing and potential
markets and assess their competitive positions within changing
market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:media@technavio.com
Website: www.technavio.com/
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