Metal Magnesium Market
PUBLISHED: 2023 ID: SMRC23563
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Metal Magnesium Market

Metal Magnesium Market Forecasts to 2030 - Global Analysis By Product (Pure Magnesium, Magnesium Compounds, Magnesium Alloys and Other Products), Manufacturing Process (Thermal Reduction Process, Electrolytic Process, Recycling and Other Manufacturing Processes), Component (Hardware, Software, Services and Other Components), Application (Die Casting, Aluminum Alloys, Titanium Reduction and Iron & Steel Making and Other Applications), End User and By Geography

4.2 (96 reviews)
4.2 (96 reviews)
Published: 2023 ID: SMRC23563

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $5.42 BN

Projected Year Value (2030)

US $8.88 BN

CAGR (2023 - 2030)

7.3%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Metal Magnesium Market is accounted for $5.42 billion in 2023 and is expected to reach $8.88 billion by 2030 growing at a CAGR of 7.3% during the forecast period. Magnesium has the atomic number 12 and the letter "Mg" in its chemical symbol. It is a thin, silvery-white metal that is highly reactive and readily oxidizes when exposed to air and water. Magnesium, the eighth most abundant element in the universe, is found in great abundance in the crust of the Earth. It is frequently used in a wide range of industrial applications, including the aerospace and automotive industries, for lightweight structural components because of its low density and high strength-to-weight ratio.

According to the India Brand Equity Foundation (IBEF), the burgeoning infrastructure and government spending will propel the Indian aerospace & defense market to reach US$ 69.5 Bn by 2032.



Market Dynamics:

Driver:

Utilization in the production of chemicals

A key component in the production of chemicals is the metal magnesium. It is used as a reducing agent to create a variety of chemicals, including titanium, zirconium, and rare earth metals. Other examples of chemical processes that use magnesium compounds include the desulfurization of iron and steel as well as the creation of nodular cast iron.

Restraint:

High extraction and processing costs

Magnesium metal extraction and processing require energy-intensive procedures, which leads to relatively higher production costs when compared to other metals. Magnesium's cost is further increased by the labor- and complexity-intensive process of refining it from its ores. Moreover, the widespread use of magnesium-based materials in cost-sensitive industries may be hampered by the high production costs, which could have an impact on market expansion.

Opportunity:

Application developments in aerospace

The metal magnesium has promising prospects in the aerospace industry because of its light weight. Magnesium alloys are being considered more and more for use in aircraft components and structures as the aerospace industry works to improve fuel efficiency and lower operating costs. Additionally, magnesium's potential use in aerospace is further expanded by the compatibility it has with composite materials, which helps lighten and enhance the performance of entire aircraft.

Threat:

Competition from alternative materials

Alternative materials, like composites and aluminum, which offer comparable lightweight and mechanical strength, are a threat to the market for metal magnesium. Because of its lower cost and improved corrosion resistance, aluminum is particularly well-established in many industries and frequently preferred. Furthermore, the use of magnesium-based solutions in some applications is challenged by the availability of composites, which provide a combination of materials that can match particular performance requirements.

Covid-19 Impact:

The metal magnesium market was significantly impacted by the COVID-19 pandemic. Production and supply chains in a number of industries, including manufacturing, automotive, and aerospace, were disrupted during the pandemic as a result of lockdown procedures and lower demand. As a result, the market's expansion was hampered by the decline in demand for materials based on magnesium. Further affecting market dynamics were fluctuations in raw material prices and supply chain issues brought on by travel restrictions and decreased economic activity. However, the metal magnesium market is anticipated to rebound due to the gradual recovery of industries and the restart of economic activity, particularly given the growing emphasis on lightweight materials, sustainable solutions, and emerging applications in a post-pandemic world.

The automotive segment is expected to be the largest during the forecast period

The automotive segment is anticipated to have largest share during the forecast period. Magnesium-based materials enable the automotive industry to manufacture lighter components, improving fuel efficiency and reducing emissions. The automotive segment has lightweight properties and a high strength-to-weight ratio. Vehicles become more energy-efficient, aiding in sustainability efforts and complying with strict emission regulations, by swapping out heavier materials like steel and aluminum with magnesium alloys. Additionally, the excellent machinability of magnesium enables the design of intricate and complex parts, improving the overall performance and safety of the vehicle.

The magnesium alloys segment is expected to have the highest CAGR during the forecast period

The magnesium alloys segment is anticipated to have the highest CAGR during the forecast period. Magnesium alloys are highly sought-after materials in a variety of industries due to their excellent combination of low density, high strength, and good corrosion resistance. The adoption of magnesium alloys for parts like engine blocks, transmission cases, and steering columns in the automotive industry has been prompted by the demand for lightweight materials to improve fuel efficiency.

Region with largest share:

During the forecast period, the Asia Pacific region is anticipated to hold the largest market share. The rising demand for magnesium in the aerospace and automotive industries, as well as the expanding construction and electronics sectors, are all contributing to the region's dominance. China holds a sizable portion of the Asia Pacific market and is the region's top producer and consumer of magnesium. Additionally, the region's access to cheap labor and raw materials has helped to increase magnesium production. In addition, rising interest in electric vehicles and rising investments in R&D for products based on magnesium are anticipated to fuel market expansion in the area.

Region with highest CAGR:

The market for metal magnesium is anticipated to grow at the highest CAGR in the North America region during the forecast period. The demand for lightweight materials in the automotive and aerospace sectors is increasing, and this demand is fueling the region's market expansion along with the rising popularity of electric vehicles. Further boosting the growth of the metal magnesium market in North America is expected to be the presence of significant magnesium producers and rising investments in research and development activities for magnesium-based products. Additionally, it is anticipated that the use of magnesium alloys in medical implants and other devices will support market expansion in North America.



Key players in the market

Some of the key players in Metal Magnesium market include Alliance Magnesium, China Magnesium Corporation, Dead Sea Magnesium (ICL Group), Esan Eczacibasi, Fu Gu Yi De Magnesium Alloy Co.Ltd, ICL GROUP, Latrobe Magnesium, Nanjing Yunhai Special Metals Co. Ltd, Nippon Kinzoku Co. Ltd., POSCO, Regal Metal, Rima Group, Shanghai Sunglow Investment (Group) Co., Ltd., Shanxi Wenxi Zhenxin Magnesium Co., Ltd, Taiyuan Tongxiang Metal Magnesium. Ltd, US Magnesium LLC, VSMPO-Avisma Corporation, Wenxi YinGuang Magnesium Industry (Group) Co. Ltd and Western Magnesium Corporation.

Key Developments:

In February 2023, Western Magnesium Corporation announced its plan to build a new production facility for magnesium metal with an initial annual capacity of 25,000 metric tons and a new research and development center in Nevada. With the help of this new production facility, the company aims to serve automotive, aerospace, airline, eco-friendly technology companies, and Defense Contractors through this expansion.

In July 2022, Chongqing Boao Magnesium-Aluminum Metal Manufacturing Co. Ltd (a wholly owned subsidiary of RSM Group/Nanjing Yunhai Special Metals Co. Ltd) has completed a high-performance magnesium-aluminum alloy and deep processing project (Phase II project) in Chongqing City. The new manufacturing facilities may include a magnesium particle production workshop with a capacity of 7,200 tons per year.

In April 2022, Western Magnesium Corporation announced a non-brokered private placement of USD 3,000,000 in principal amount of unsecured convertible notes.

Products Covered:
• Pure Magnesium
• Magnesium Compounds
• Magnesium Alloys
• Other Products

Manufacturing Processes Covered:
• Thermal Reduction Process
• Electrolytic Process
• Recycling
• Other Manufacturing Processes

Applications Covered:
• Die Casting
• Aluminum Alloys
• Titanium Reduction
• Iron & Steel Making
• Metal Reduction
• Desulphurization
• Other Applications

End Users Covered:
• Aerospace & Defense
• Automotive
• Construction
• Medical & Healthcare
• Packaging
• Electronics
• Sports
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Metal Magnesium Market, By Product
5.1 Introduction
5.2 Pure Magnesium
5.3 Magnesium Compounds
5.4 Magnesium Alloys
5.5 Other Products

6 Global Metal Magnesium Market, By Manufacturing Process
6.1 Introduction
6.2 Thermal Reduction Process
6.3 Electrolytic Process
6.4 Recycling
6.5 Other Manufacturing Processes

7 Global Metal Magnesium Market, By Application
7.1 Introduction
7.2 Die Casting
7.3 Aluminum Alloys
7.4 Titanium Reduction
7.5 Iron & Steel Making
7.6 Metal Reduction
7.7 Desulphurization
7.8 Other Applications

8 Global Metal Magnesium Market, By End User
8.1 Introduction
8.2 Aerospace & Defense
8.3 Automotive
8.4 Construction
8.5 Medical & Healthcare
8.6 Packaging
8.7 Electronics
8.8 Sports
8.9 Other End Users

9 Global Metal Magnesium Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Alliance Magnesium
11.2 China Magnesium Corporation
11.3 Dead Sea Magnesium (ICL Group)
11.4 Esan Eczacibasi
11.5 Fu Gu Yi De Magnesium Alloy Co.Ltd
11.6 ICL GROUP
11.7 Latrobe Magnesium
11.8 Nanjing Yunhai Special Metals Co. Ltd
11.9 Nippon Kinzoku Co. Ltd.
11.10 POSCO
11.11 Regal Metal
11.12 Rima Group
11.13 Shanghai Sunglow Investment (Group) Co., Ltd.
11.14 Shanxi Wenxi Zhenxin Magnesium Co., Ltd
11.15 Taiyuan Tongxiang Metal Magnesium. Ltd
11.16 US Magnesium LLC.
11.17 VSMPO-Avisma Corporation
11.18 Wenxi YinGuang Magnesium Industry (Group) Co. Ltd
11.19 Western Magnesium Corporation

List of Tables
1 Global Metal Magnesium Market Outlook, By Region (2021-2030) ($MN)
2 Global Metal Magnesium Market Outlook, By Product (2021-2030) ($MN)
3 Global Metal Magnesium Market Outlook, By Pure Magnesium (2021-2030) ($MN)
4 Global Metal Magnesium Market Outlook, By Magnesium Compounds (2021-2030) ($MN)
5 Global Metal Magnesium Market Outlook, By Magnesium Alloys (2021-2030) ($MN)
6 Global Metal Magnesium Market Outlook, By Other Products (2021-2030) ($MN)
7 Global Metal Magnesium Market Outlook, By Manufacturing Process (2021-2030) ($MN)
8 Global Metal Magnesium Market Outlook, By Thermal Reduction Process (2021-2030) ($MN)
9 Global Metal Magnesium Market Outlook, By Electrolytic Process (2021-2030) ($MN)
10 Global Metal Magnesium Market Outlook, By Recycling (2021-2030) ($MN)
11 Global Metal Magnesium Market Outlook, By Other Manufacturing Processes (2021-2030) ($MN)
12 Global Metal Magnesium Market Outlook, By Application (2021-2030) ($MN)
13 Global Metal Magnesium Market Outlook, By Die Casting (2021-2030) ($MN)
14 Global Metal Magnesium Market Outlook, By Aluminum Alloys (2021-2030) ($MN)
15 Global Metal Magnesium Market Outlook, By Titanium Reduction (2021-2030) ($MN)
16 Global Metal Magnesium Market Outlook, By Iron & Steel Making (2021-2030) ($MN)
17 Global Metal Magnesium Market Outlook, By Metal Reduction (2021-2030) ($MN)
18 Global Metal Magnesium Market Outlook, By Desulphurization (2021-2030) ($MN)
19 Global Metal Magnesium Market Outlook, By Other Applications (2021-2030) ($MN)
20 Global Metal Magnesium Market Outlook, By End User (2021-2030) ($MN)
21 Global Metal Magnesium Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
22 Global Metal Magnesium Market Outlook, By Automotive (2021-2030) ($MN)
23 Global Metal Magnesium Market Outlook, By Construction (2021-2030) ($MN)
24 Global Metal Magnesium Market Outlook, By Medical & Healthcare (2021-2030) ($MN)
25 Global Metal Magnesium Market Outlook, By Packaging (2021-2030) ($MN)
26 Global Metal Magnesium Market Outlook, By Electronics (2021-2030) ($MN)
27 Global Metal Magnesium Market Outlook, By Sports (2021-2030) ($MN)
28 Global Metal Magnesium Market Outlook, By Other End Users (2021-2030) ($MN)
29 North America Metal Magnesium Market Outlook, By Country (2021-2030) ($MN)
30 North America Metal Magnesium Market Outlook, By Product (2021-2030) ($MN)
31 North America Metal Magnesium Market Outlook, By Pure Magnesium (2021-2030) ($MN)
32 North America Metal Magnesium Market Outlook, By Magnesium Compounds (2021-2030) ($MN)
33 North America Metal Magnesium Market Outlook, By Magnesium Alloys (2021-2030) ($MN)
34 North America Metal Magnesium Market Outlook, By Other Products (2021-2030) ($MN)
35 North America Metal Magnesium Market Outlook, By Manufacturing Process (2021-2030) ($MN)
36 North America Metal Magnesium Market Outlook, By Thermal Reduction Process (2021-2030) ($MN)
37 North America Metal Magnesium Market Outlook, By Electrolytic Process (2021-2030) ($MN)
38 North America Metal Magnesium Market Outlook, By Recycling (2021-2030) ($MN)
39 North America Metal Magnesium Market Outlook, By Other Manufacturing Processes (2021-2030) ($MN)
40 North America Metal Magnesium Market Outlook, By Application (2021-2030) ($MN)
41 North America Metal Magnesium Market Outlook, By Die Casting (2021-2030) ($MN)
42 North America Metal Magnesium Market Outlook, By Aluminum Alloys (2021-2030) ($MN)
43 North America Metal Magnesium Market Outlook, By Titanium Reduction (2021-2030) ($MN)
44 North America Metal Magnesium Market Outlook, By Iron & Steel Making (2021-2030) ($MN)
45 North America Metal Magnesium Market Outlook, By Metal Reduction (2021-2030) ($MN)
46 North America Metal Magnesium Market Outlook, By Desulphurization (2021-2030) ($MN)
47 North America Metal Magnesium Market Outlook, By Other Applications (2021-2030) ($MN)
48 North America Metal Magnesium Market Outlook, By End User (2021-2030) ($MN)
49 North America Metal Magnesium Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
50 North America Metal Magnesium Market Outlook, By Automotive (2021-2030) ($MN)
51 North America Metal Magnesium Market Outlook, By Construction (2021-2030) ($MN)
52 North America Metal Magnesium Market Outlook, By Medical & Healthcare (2021-2030) ($MN)
53 North America Metal Magnesium Market Outlook, By Packaging (2021-2030) ($MN)
54 North America Metal Magnesium Market Outlook, By Electronics (2021-2030) ($MN)
55 North America Metal Magnesium Market Outlook, By Sports (2021-2030) ($MN)
56 North America Metal Magnesium Market Outlook, By Other End Users (2021-2030) ($MN)
57 Europe Metal Magnesium Market Outlook, By Country (2021-2030) ($MN)
58 Europe Metal Magnesium Market Outlook, By Product (2021-2030) ($MN)
59 Europe Metal Magnesium Market Outlook, By Pure Magnesium (2021-2030) ($MN)
60 Europe Metal Magnesium Market Outlook, By Magnesium Compounds (2021-2030) ($MN)
61 Europe Metal Magnesium Market Outlook, By Magnesium Alloys (2021-2030) ($MN)
62 Europe Metal Magnesium Market Outlook, By Other Products (2021-2030) ($MN)
63 Europe Metal Magnesium Market Outlook, By Manufacturing Process (2021-2030) ($MN)
64 Europe Metal Magnesium Market Outlook, By Thermal Reduction Process (2021-2030) ($MN)
65 Europe Metal Magnesium Market Outlook, By Electrolytic Process (2021-2030) ($MN)
66 Europe Metal Magnesium Market Outlook, By Recycling (2021-2030) ($MN)
67 Europe Metal Magnesium Market Outlook, By Other Manufacturing Processes (2021-2030) ($MN)
68 Europe Metal Magnesium Market Outlook, By Application (2021-2030) ($MN)
69 Europe Metal Magnesium Market Outlook, By Die Casting (2021-2030) ($MN)
70 Europe Metal Magnesium Market Outlook, By Aluminum Alloys (2021-2030) ($MN)
71 Europe Metal Magnesium Market Outlook, By Titanium Reduction (2021-2030) ($MN)
72 Europe Metal Magnesium Market Outlook, By Iron & Steel Making (2021-2030) ($MN)
73 Europe Metal Magnesium Market Outlook, By Metal Reduction (2021-2030) ($MN)
74 Europe Metal Magnesium Market Outlook, By Desulphurization (2021-2030) ($MN)
75 Europe Metal Magnesium Market Outlook, By Other Applications (2021-2030) ($MN)
76 Europe Metal Magnesium Market Outlook, By End User (2021-2030) ($MN)
77 Europe Metal Magnesium Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
78 Europe Metal Magnesium Market Outlook, By Automotive (2021-2030) ($MN)
79 Europe Metal Magnesium Market Outlook, By Construction (2021-2030) ($MN)
80 Europe Metal Magnesium Market Outlook, By Medical & Healthcare (2021-2030) ($MN)
81 Europe Metal Magnesium Market Outlook, By Packaging (2021-2030) ($MN)
82 Europe Metal Magnesium Market Outlook, By Electronics (2021-2030) ($MN)
83 Europe Metal Magnesium Market Outlook, By Sports (2021-2030) ($MN)
84 Europe Metal Magnesium Market Outlook, By Other End Users (2021-2030) ($MN)
85 Asia Pacific Metal Magnesium Market Outlook, By Country (2021-2030) ($MN)
86 Asia Pacific Metal Magnesium Market Outlook, By Product (2021-2030) ($MN)
87 Asia Pacific Metal Magnesium Market Outlook, By Pure Magnesium (2021-2030) ($MN)
88 Asia Pacific Metal Magnesium Market Outlook, By Magnesium Compounds (2021-2030) ($MN)
89 Asia Pacific Metal Magnesium Market Outlook, By Magnesium Alloys (2021-2030) ($MN)
90 Asia Pacific Metal Magnesium Market Outlook, By Other Products (2021-2030) ($MN)
91 Asia Pacific Metal Magnesium Market Outlook, By Manufacturing Process (2021-2030) ($MN)
92 Asia Pacific Metal Magnesium Market Outlook, By Thermal Reduction Process (2021-2030) ($MN)
93 Asia Pacific Metal Magnesium Market Outlook, By Electrolytic Process (2021-2030) ($MN)
94 Asia Pacific Metal Magnesium Market Outlook, By Recycling (2021-2030) ($MN)
95 Asia Pacific Metal Magnesium Market Outlook, By Other Manufacturing Processes (2021-2030) ($MN)
96 Asia Pacific Metal Magnesium Market Outlook, By Application (2021-2030) ($MN)
97 Asia Pacific Metal Magnesium Market Outlook, By Die Casting (2021-2030) ($MN)
98 Asia Pacific Metal Magnesium Market Outlook, By Aluminum Alloys (2021-2030) ($MN)
99 Asia Pacific Metal Magnesium Market Outlook, By Titanium Reduction (2021-2030) ($MN)
100 Asia Pacific Metal Magnesium Market Outlook, By Iron & Steel Making (2021-2030) ($MN)
101 Asia Pacific Metal Magnesium Market Outlook, By Metal Reduction (2021-2030) ($MN)
102 Asia Pacific Metal Magnesium Market Outlook, By Desulphurization (2021-2030) ($MN)
103 Asia Pacific Metal Magnesium Market Outlook, By Other Applications (2021-2030) ($MN)
104 Asia Pacific Metal Magnesium Market Outlook, By End User (2021-2030) ($MN)
105 Asia Pacific Metal Magnesium Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
106 Asia Pacific Metal Magnesium Market Outlook, By Automotive (2021-2030) ($MN)
107 Asia Pacific Metal Magnesium Market Outlook, By Construction (2021-2030) ($MN)
108 Asia Pacific Metal Magnesium Market Outlook, By Medical & Healthcare (2021-2030) ($MN)
109 Asia Pacific Metal Magnesium Market Outlook, By Packaging (2021-2030) ($MN)
110 Asia Pacific Metal Magnesium Market Outlook, By Electronics (2021-2030) ($MN)
111 Asia Pacific Metal Magnesium Market Outlook, By Sports (2021-2030) ($MN)
112 Asia Pacific Metal Magnesium Market Outlook, By Other End Users (2021-2030) ($MN)
113 South America Metal Magnesium Market Outlook, By Country (2021-2030) ($MN)
114 South America Metal Magnesium Market Outlook, By Product (2021-2030) ($MN)
115 South America Metal Magnesium Market Outlook, By Pure Magnesium (2021-2030) ($MN)
116 South America Metal Magnesium Market Outlook, By Magnesium Compounds (2021-2030) ($MN)
117 South America Metal Magnesium Market Outlook, By Magnesium Alloys (2021-2030) ($MN)
118 South America Metal Magnesium Market Outlook, By Other Products (2021-2030) ($MN)
119 South America Metal Magnesium Market Outlook, By Manufacturing Process (2021-2030) ($MN)
120 South America Metal Magnesium Market Outlook, By Thermal Reduction Process (2021-2030) ($MN)
121 South America Metal Magnesium Market Outlook, By Electrolytic Process (2021-2030) ($MN)
122 South America Metal Magnesium Market Outlook, By Recycling (2021-2030) ($MN)
123 South America Metal Magnesium Market Outlook, By Other Manufacturing Processes (2021-2030) ($MN)
124 South America Metal Magnesium Market Outlook, By Application (2021-2030) ($MN)
125 South America Metal Magnesium Market Outlook, By Die Casting (2021-2030) ($MN)
126 South America Metal Magnesium Market Outlook, By Aluminum Alloys (2021-2030) ($MN)
127 South America Metal Magnesium Market Outlook, By Titanium Reduction (2021-2030) ($MN)
128 South America Metal Magnesium Market Outlook, By Iron & Steel Making (2021-2030) ($MN)
129 South America Metal Magnesium Market Outlook, By Metal Reduction (2021-2030) ($MN)
130 South America Metal Magnesium Market Outlook, By Desulphurization (2021-2030) ($MN)
131 South America Metal Magnesium Market Outlook, By Other Applications (2021-2030) ($MN)
132 South America Metal Magnesium Market Outlook, By End User (2021-2030) ($MN)
133 South America Metal Magnesium Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
134 South America Metal Magnesium Market Outlook, By Automotive (2021-2030) ($MN)
135 South America Metal Magnesium Market Outlook, By Construction (2021-2030) ($MN)
136 South America Metal Magnesium Market Outlook, By Medical & Healthcare (2021-2030) ($MN)
137 South America Metal Magnesium Market Outlook, By Packaging (2021-2030) ($MN)
138 South America Metal Magnesium Market Outlook, By Electronics (2021-2030) ($MN)
139 South America Metal Magnesium Market Outlook, By Sports (2021-2030) ($MN)
140 South America Metal Magnesium Market Outlook, By Other End Users (2021-2030) ($MN)
141 Middle East & Africa Metal Magnesium Market Outlook, By Country (2021-2030) ($MN)
142 Middle East & Africa Metal Magnesium Market Outlook, By Product (2021-2030) ($MN)
143 Middle East & Africa Metal Magnesium Market Outlook, By Pure Magnesium (2021-2030) ($MN)
144 Middle East & Africa Metal Magnesium Market Outlook, By Magnesium Compounds (2021-2030) ($MN)
145 Middle East & Africa Metal Magnesium Market Outlook, By Magnesium Alloys (2021-2030) ($MN)
146 Middle East & Africa Metal Magnesium Market Outlook, By Other Products (2021-2030) ($MN)
147 Middle East & Africa Metal Magnesium Market Outlook, By Manufacturing Process (2021-2030) ($MN)
148 Middle East & Africa Metal Magnesium Market Outlook, By Thermal Reduction Process (2021-2030) ($MN)
149 Middle East & Africa Metal Magnesium Market Outlook, By Electrolytic Process (2021-2030) ($MN)
150 Middle East & Africa Metal Magnesium Market Outlook, By Recycling (2021-2030) ($MN)
151 Middle East & Africa Metal Magnesium Market Outlook, By Other Manufacturing Processes (2021-2030) ($MN)
152 Middle East & Africa Metal Magnesium Market Outlook, By Application (2021-2030) ($MN)
153 Middle East & Africa Metal Magnesium Market Outlook, By Die Casting (2021-2030) ($MN)
154 Middle East & Africa Metal Magnesium Market Outlook, By Aluminum Alloys (2021-2030) ($MN)
155 Middle East & Africa Metal Magnesium Market Outlook, By Titanium Reduction (2021-2030) ($MN)
156 Middle East & Africa Metal Magnesium Market Outlook, By Iron & Steel Making (2021-2030) ($MN)
157 Middle East & Africa Metal Magnesium Market Outlook, By Metal Reduction (2021-2030) ($MN)
158 Middle East & Africa Metal Magnesium Market Outlook, By Desulphurization (2021-2030) ($MN)
159 Middle East & Africa Metal Magnesium Market Outlook, By Other Applications (2021-2030) ($MN)
160 Middle East & Africa Metal Magnesium Market Outlook, By End User (2021-2030) ($MN)
161 Middle East & Africa Metal Magnesium Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
162 Middle East & Africa Metal Magnesium Market Outlook, By Automotive (2021-2030) ($MN)
163 Middle East & Africa Metal Magnesium Market Outlook, By Construction (2021-2030) ($MN)
164 Middle East & Africa Metal Magnesium Market Outlook, By Medical & Healthcare (2021-2030) ($MN)
165 Middle East & Africa Metal Magnesium Market Outlook, By Packaging (2021-2030) ($MN)
166 Middle East & Africa Metal Magnesium Market Outlook, By Electronics (2021-2030) ($MN)
167 Middle East & Africa Metal Magnesium Market Outlook, By Sports (2021-2030) ($MN)
168 Middle East & Africa Metal Magnesium Market Outlook, By Other End Users (2021-2030) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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