Global Aluminum Magnesium Alloy Castings Market Growth (Status and Outlook) 2025-2031

The global Aluminum Magnesium Alloy Castings market size is predicted to grow from US$ 411 million in 2025 to US$ 524 million in 2031; it is expected to grow at a CAGR of 4.1% from 2025 to 2031.

Aluminum-magnesium alloys refer to aluminum alloys with magnesium as the main added element. Aluminum-magnesium alloys have the advantages of low density, high strength, strong earthquake resistance, good heat dissipation, good resistance to electromagnetic interference, and green environmental protection. Common aluminum-magnesium alloy models include AZ93, AZ91, AZ61, AZ31, etc., which are widely used in aerospace, military, automotive and other industries.

United States market for Aluminum Magnesium Alloy Castings is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Aluminum Magnesium Alloy Castings is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Aluminum Magnesium Alloy Castings is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Aluminum Magnesium Alloy Castings players cover Alcoa Corporation (USA), Constellium (France), Kaiser Aluminum (USA), Norsk Hydro (Norway), Ryobi Limited (Japan), etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information)' newest research report, the “Aluminum Magnesium Alloy Castings Industry Forecast” looks at past sales and reviews total world Aluminum Magnesium Alloy Castings sales in 2024, providing a comprehensive analysis by region and market sector of projected Aluminum Magnesium Alloy Castings sales for 2025 through 2031. With Aluminum Magnesium Alloy Castings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aluminum Magnesium Alloy Castings industry.

This Insight Report provides a comprehensive analysis of the global Aluminum Magnesium Alloy Castings landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Aluminum Magnesium Alloy Castings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Aluminum Magnesium Alloy Castings market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aluminum Magnesium Alloy Castings and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Aluminum Magnesium Alloy Castings.

This report presents a comprehensive overview, market shares, and growth opportunities of Aluminum Magnesium Alloy Castings market by product type, application, key players and key regions and countries.

Segmentation by Type:
AZ93
AZ91
AZ61
AZ31

Segmentation by Application:
Aerospace
Auto Industry
Electronics Industry
Military Industry
Industrial Field
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Alcoa Corporation (USA)
Constellium (France)
Kaiser Aluminum (USA)
Norsk Hydro (Norway)
Ryobi Limited (Japan)
Gibbs Die Casting (USA)
Martinrea International (Canada)
Nemak (Mexico)
Chalco(China)
Hongtu Technology (China)
Wencan Die Casting (China)
Rongtai Industrial (China)
Xusheng Automobile (China)
Chongqing Merrill Lynch Technology (China)
Chunxing Seiko (China)
Hongte Precision (China)

Please note: The report will take approximately 2 business days to prepare and deliver. Show more