RIMA Group

Feb 10, 2023

Dublin, IRELAND Dublin, Feb. 10, 2023 (GLOBE NEWSWIRE) -- The "Magnesium Alloys: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Magnesium Alloys estimated at US$1.8 Billion in the year 2022, is projected to reach a revised size of US$4.1 Billion by 2030, growing at a CAGR of 10.7% over the analysis period 2022-2030. Cast Alloys, one of the segments analyzed in the report, is projected to record 11% CAGR and reach US$2.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wrought Alloys segment is readjusted to a revised 10.3% CAGR for the next 8-year period. The U.S. Market is Estimated at $494.6 Million, While China is Forecast to Grow at 14.8% CAGR The Magnesium Alloys market in the U.S. is estimated at US$494.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$922.6 Million by the year 2030 trailing a CAGR of 14.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.8% and 8.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR. Select Competitors (Total 44 Featured) - Dead sea Magnesium Ltd. Magnesium Elektron Ltd. POSCO What`s New for 2023? Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession. Global competitiveness and key competitor percentage market shares Market presence across multiple geographies - Strong/Active/Niche/Trivial Online interactive peer-to-peer collaborative bespoke updates Access to digital archives and Research Platform Complimentary updates for one year Report Metrics