Increase in applications of North America Magnesium Alloys by OEMs in various frameworks like bracket, oil pumps, radiator support, crankshaft, cylinder crankcase, and in automotive sector in vehicles body parts and interior parts are key factors contributing to high CAGR of North America Magnesium Alloys during the forecast period.
According to the current analysis of Reports and Data, the global North America Magnesium Alloys Market was valued at USD 3,969.0 Million in 2020 and is expected to reach USD 4,254.9 Million by 2028, at a CAGR of 11.80%. Owing to its ability to absorb energy, low density, extensive heat dissipation capacity, vibration absorption, high elasticity modulus, and high impact bearing capacity, North America Magnesium Alloys are considered unique. The demand of the consumers for light-weight vehicles to enhance the performance of these vehicles is expected to drive the market growth. An increase in the disposable income of consumers has led to an increase in demand for electronic equipment like cell phones, computers, laptops, cameras, and portable media device housing, which is expected to drive the market of North America Magnesium Alloys during the forecast period. Additionally, owing to its ability to form complex shapes, North America Magnesium Alloys are suitable in sports sector for producing various sports equipment like golf clubs, javelins, tennis rackets, and archery bows.
Get a sample copy of the global North America Magnesium Alloys market report : https://www.reportsanddata.com/sample-enquiry-form/2063
Top Companies: Magnesium Elektron (UK), Nanjing Yunhai Special Metals Co. Ltd. (China), Ka Shui International Holdings Ltd. (China), US Magnesium (US), Meridian Lightweight Technologies (US), Shanghai Regal Magnesium Ltd. Co. (China), Magontec (Australia), Rima Group (Brazil), Smiths Advanced Metals (UK), Shanxi Fugu Tianyu Mineral Industry (China)
Top Companies Profiled in the Report:
Asia Pacific is considered to be the largest market shareholder in 2018 and stays the largest shareholder through the forecast period. In the Asia Pacific, the market is majorly driven by China and South Korea due to an increase of North America Magnesium Alloys in computers, cell phones, body structures, and power trains consumer electronics in these countries.
North America Magnesium Alloys are non-toxic in nature, which makes it useful in healthcare and medical industry. For example, North America Magnesium Alloys are being used as biodegradable implants in the human body.
Asia Pacific region is predicted to hold 28.3% of the global North America Magnesium Alloys market. Developing countries such China and India are likely to witness high growth in the North America Magnesium Alloys market.
However, some drawbacks of North America Magnesium Alloys include poor corrosion resistance, elongation, and tedious process of completely removing the impurities like copper and nickel from the alloy.
AZ-based North America Magnesium Alloys are produced by mixing aluminum and zinc elements in appropriate proportions in purified magnesium metal.
Some of the most commonly used AZ based North America Magnesium Alloys are: AZ based North America Magnesium Alloys have excellent casting ability and mechanical strength while AZ 91 D-based alloys show properties of high corrosion resistance and high purity. They can aptly be used in production of telephones and car parts.
Regional Outlook
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To know more about the report : https://www.reportsanddata.com/report-detail/magnesium-alloys-market
Market Segmentation:
Alloy Type (Revenue in USD Million; Volume in Tons, 2018–2028)
Cast Alloys
Wrought Alloys
Others
End-Use Industry (Revenue in USD Million; Volume in Tons, 2018–2028)
Automotive Transportation
Electronics
Aerospace Defense
Power Tools
Others
Request a customization of the report : https://www.reportsanddata.com/request-customization-form/2063
Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key North America Magnesium Alloys market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global North America Magnesium Alloys market size
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global North America Magnesium Alloys market key players
3.2 Global North America Magnesium Alloys size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the North America Magnesium Alloys market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
Browse More Reports:
Carbon Fiber Composite Heating Element Market https://www.reportsanddata.com/report-detail/carbon-fiber-composite-heating-element-market
Solar Encapsulation Materials Market https://www.reportsanddata.com/report-detail/solar-encapsulation-materials-market
Atomized Ferrosilicon Market https://www.reportsanddata.com/report-detail/atomized-ferrosilicon-market
Inorganic Zinc Chemicals Market https://www.reportsanddata.com/report-detail/inorganic-zinc-chemicals-market
Horseradish Peroxidase (HRP) Market https://www.reportsanddata.com/report-detail/horseradish-peroxidase-(hrp)-market
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
LinkedIn | Twitter | Blogs | Insights
Read the innovative blog at https://www.reportsanddata.com/blogs
Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports
