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Global Magnesium Market 2018-2022

Global Magnesium Market 2018-2022

About magnesium

Magnesium is present in over 60 minerals but only dolomite, magnesite, brucite, carnallite, and olivine are used commercially.

Technavio’s analysts forecast the Global magnesium market to grow at a CAGR of 5.92% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the magnesium 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 market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, 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.

Key vendors
  • ICL (Dead Sea Magnesium)
  • NINGXIA HUI-YE MAGNESIUM MARKETING GROUP
  • POSCO
  • Shaanxi Fugu Tianyu Mineral Industrial Group
  • US Magnesium (The Renco Group)
  • Wenxi YinGuang Magnesium Industry
Market driver
  • High demand for steel from various end-user industries
  • For a full, detailed list, view our report
Market challenge
  • Availability of substitutes
  • For a full, detailed list, view our report
Market trend
  • New production facilities in Canada
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report –Global Magnesium Market 2018-2022

Technavio recognizes the following companies as the key players in the magnesium market: ICL (Dead Sea Magnesium), NINGXIA HUI-YE MAGNESIUM MARKETING GROUP, POSCO, Shaanxi Fugu Tianyu Mineral Industrial Group, US Magnesium (The Renco Group), Wenxi YinGuang Magnesium Industry

Commenting on the report, an analyst from Technavio’s team said: “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 the steel desulfurization.

Further, the report states that the availability of substitutes will impact the market growth. As magnesium is as 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.

Companies Mentioned

ICL (Dead Sea Magnesium)

NINGXIA HUI-YE MAGNESIUM MARKETING GROUP

POSCO

Shaanxi Fugu Tianyu Mineral Industrial Group

US Magnesium (The Renco Group)

Wenxi YinGuang Magnesium Industry

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global non-ferrous metals market segments
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size: Global magnesium market 2017
      • Table Validation techniques:Market Sizing
    • Market size and forecast 2017-2022
      • Table Global magnesium market – Market size and forecast 2017-2022 (thousand metric tons)
      • Table Global magnesium market – Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition – Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application – Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Aluminum alloys – Market size and forecast 2017- 2022
      • Table Aluminum alloys – Market size and forecast 2017-2022 (thousand metric tons)
      • Table Aluminum alloys – Year-over-year growth 2018-2022 (%)
    • Die casting – Market size and forecast 2017-2022
      • Table Die casting – Market size and forecast 2017-2022 (thousand metric tons)
      • Table Die casting– Year-over-year growth 2018-2022 (%)
    • Titanium refining – Market size and forecast 2017-2022
      • Table Titanium refining– Market size and forecast 2017-2022 (thousand metric tons)
      • Table Titanium refining– Year-over-year growth 2018-2022 (%)
    • Steel desulfurization – Market size and forecast 2017-2022
      • Table Steel desulfurization – Market size and forecast 2017-2022 (thousand metric tons)
      • Table Steel desulfurization – Year-over-year growth 2018-2022 (%)
    • Others – Market size and forecast 2017-2022
      • Table Other applications– Market size and forecast 2017-2022 (thousand metric tons)
      • Table Other applications– Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global magnesium market – Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC – Market size and forecast 2017-2022
      • Table APAC – Market size and forecast 2017-2022 (thousand metric tons)
      • Table Magnesium market in APAC – Year-over-year growth 2018-2022 (%)
    • EMEA – Market size and forecast 2017-2022
      • Table EMEA – Market size and forecast 2017-2022 (thousand metric tons)
      • Table Magnesium market in EMEA – Year-over-year growth 2018-2022 (%)
    • Americas – Market size and forecast 2017-2022
      • Table Americas – Market size and forecast 2017-2022 (thousand metric tons)
      • Table Magnesium market in Americas – Year-over-year growth 2018-2022 (%)
      • Table Application of primary magnesium metal in US 2017
      • Table Application of secondary magnesium metal in US 2017
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global steel market by end-use industries 2017 (% share)
      • Table Metal weight comparison with magnesium (% heavier than magnesium)
    • Market challenges
  • Market trends
    • New production facilities in Canada
    • Use of magnesium-based materials in orthopedic implants
    • Emergence of magnesium batteries with enhanced energy storage capabilities
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ICL (Dead Sea Magnesium)
      • Table Vendor overview – ICL (Dead Sea Magnesium)
      • Table ICL (Dead Sea Magnesium) –Business segments
      • Table ICL (Dead Sea Magnesium) –Organizational developments
      • Table ICL (Dead Sea Magnesium) –Geographic focus
      • Table ICL (Dead Sea Magnesium) –Segment focus
      • Table ICL (Dead Sea Magnesium) –Product in focus
    • NINGXIA HUI-YE MAGNESIUM MARKETING GROUP
      • Table Vendor overview – NINGXIA HUI-YE MAGNESIUM MARKETING GROUP
      • Table NINGXIA HUI-YE MAGNESIUM MARKETING GROUP – Product segments
      • Table NINGXIA HUI-YE MAGNESIUM MARKETING GROUP – Organizational developments
      • Table NINGXIA HUI-YE MAGNESIUM MARKETING GROUP – Geographic focus
      • Table NINGXIA HUI-YE MAGNESIUM MARKETING GROUP – Product in focus
    • POSCO
      • Table Vendor overview – POSCO
      • Table POSCO – Product segments
      • Table POSCO – Organizational developments
      • Table POSCO – Geographic focus
      • Table POSCO – Product in focus
    • Shaanxi Fugu Tianyu Mineral Industrial Group
      • Table Vendor overview – Shaanxi Fugu Tianyu Mineral Industrial Group
      • Table Shaanxi Fugu Tianyu Mineral Industrial Group – Products
      • Table Shaanxi Fugu Tianyu Mineral Industrial Group – Organizational developments
      • Table Shaanxi Fugu Tianyu Mineral Industrial Group – Geographic focus
      • Table Shaanxi Fugu Tianyu Mineral Industrial Group – Product focus
      • Table Shaanxi Fugu Tianyu Mineral Industrial Group – Product in focus
    • US Magnesium (The Renco Group)
      • Table Vendor overview – US Magnesium (The Renco Group)
      • Table US Magnesium (The Renco Group) –Business segments
      • Table US Magnesium (The Renco Group) –Organizational developments
      • Table US Magnesium (The Renco Group) –Geographic focus
      • Table US Magnesium (The Renco Group) –Segment focus
      • Table US Magnesium (The Renco Group) –Product in focus
    • Wenxi YinGuang Magnesium Industry
      • Table Vendor overview – Wenxi YinGuang Magnesium Industry
      • Table Wenxi YinGuang Magnesium Industry – Product segments
      • Table Wenxi YinGuang Magnesium Industry – Organizational developments
      • Table Wenxi YinGuang Magnesium Industry – Geographic focus
      • Table Wenxi YinGuang Magnesium Industry – Product in focus
  • Appendix
    • List of abbreviations
  • Explore Technavio

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