The Global magnesium market to grow at a CAGR of 5.92% during the period 2018-2022.
Global Magnesium Market 2018-2022 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. To calculate the market size, the report considers the growth generated by applications such as aluminium alloys, die castings, steel desulfurization, titanium refining, and other segments.
The setting up of new production facilities in Canada will be a key trend for the market growth. China is the primary producer of magnesium and consequently, anti-dumping duties were imposed to curb the imports from China and increase domestic participation. To reduce the dependence on China, magnesium production will increase in Canada.
According to the report, the high demand for steel from various end-users will drive the market growth. The demand for steel products is increasing steadily in various end-user industries due to their properties such as innovative use, recyclability, and sustainability. Magnesium is widely used in steel desulfurization.
Further, the report states that the availability of substitutes will impact the market growth. As magnesium is a very light metal, aluminium and zinc can be used as substitutes in castings and wrought metal products. Also, the high cost of magnesium impels the manufacturers to utilize aluminium and zinc.
- ICL (Dead Sea Magnesium)
- Ningxia Hui-Ye Magnesium Marketing Group
- Shaanxi Fugu Tianyu Mineral Industrial Group
- US Magnesium (The Renco Group)
- Wenxi YinGuang Magnesium Industry
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Market Segmentation By Application
Part 08: Customer Landscape
Part 09: Regional Landscape
Part 10: Decision Framework
Part 11: Drivers And Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Vendor Analysis
Part 15: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/cr98s5/global_magnesium?w=4