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.
The global Aluminum-Magnesium Alloys market is valued at 910 million US$ in 2018 is expected to reach 1300 million US$ by the end of 2025, growing at a CAGR of 4.5% during 2019-2025.
This report focuses on Aluminum-Magnesium Alloys volume and value at global level, regional level and company level. From a global perspective, this report represents overall Aluminum-Magnesium Alloys market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Alcoa
Chalco
Yinhai Aluminum
Yunnan Aluminum
China Hongqiao
Rusal
Rio Tinto
Nanshan Light Alloy
Ahresty
Wanji
Handtmann
Kumz
MCI
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Rod
Plate
Others
Segment by Application
Automobile Industry
Electronics Industry
Rail Transit
Machinery and Equipment
Others
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 Research Report 2019. It is complete Research Study and Industry Analysis of Aluminum-Magnesium Alloys market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.