Aluminum is the main element of aluminum-magnesium alloy, and then added a small amount of magnesium or other metal materials to strengthen its hardness. The alloys of this system (Mg < 10%) refer to the group of non-thermally hardened. The hardening is achieved by means of cold plastical deformation. The properties of these alloys are achieved by Mg content increase in the supersaturated solid solution. Main representatives of this series of alloys are: 5052, 5182, 5754, 5083.
First, Aluminum-Magnesium Alloys have the best performance in terms of speeds, surface finish and mechanical properties. It is widely used in Automobile Industry, Electronics Industry, Rail Transit, Machinery and Equipment and others. Automobile Industry is its largest downstream market, which shares 47.80% of the consumption in 2016.
Second, the sale of Aluminum-Magnesium Alloys is distributed evenly in China, North America, Europe, Middle East, South America. Asia-Pacific is the largest production of Aluminum-Magnesium Alloys in the world in the past few years and it will keep the same position in the next few years. Asia-Pacific market took up about 50.08% the global market in 2016, followed by Europe with the share of 19.95%, North America is closely followed with the share about 17.67%.
Third, the global production of Aluminum-Magnesium Alloys increased from 2448.6 K MT in 2012 to 2853.7 K MT in 2016 at an average annual growth rate of more than 3.9%. In the world wide, the top five manufacturers of Aluminum-Magnesium Alloys are Alcoa, Chalco, Yinhai Aluminum, Yunnan Aluminum, China Hongqiao. And the production of Alcoa occupied about 11.48% in 2016.
Fourth, the masterbatches industry is highly competitive due to low entry barriers as the industry is less capital intensive and there is no major technology involved. Given the competitive landscape of the industry, the bargaining power of players with clients is low thereby resulting in vulnerability to fluctuation in raw material prices.
According to this study, over the next five years the Aluminum-Magnesium Alloys market will register a 4.6% CAGR in terms of revenue, the global market size will reach US$ 1190 million by 2024, from US$ 910 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Aluminum-Magnesium Alloys business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Aluminum-Magnesium Alloys market by product type, application, key manufacturers and key regions and countries.
This study considers the Aluminum-Magnesium Alloys value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Rod
Plate
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Automobile Industry
Electronics Industry
Rail Transit
Machinery and Equipment
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Alcoa
Chalco
Yinhai Aluminum
Yunnan Aluminum
China Hongqiao
Rusal
Rio Tinto
Nanshan Light Alloy
Ahresty
Wanji
Handtmann
Kumz
MCI
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Aluminum-Magnesium Alloys consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Aluminum-Magnesium Alloys market by identifying its various subsegments.
Focuses on the key global Aluminum-Magnesium Alloys manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Aluminum-Magnesium Alloys with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Aluminum-Magnesium Alloys submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Aluminum-Magnesium Alloys . Industry analysis & Market Report on Aluminum-Magnesium Alloys is a syndicated market report, published as Global Aluminum-Magnesium Alloys Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Aluminum-Magnesium Alloys market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.