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Global Magnesium Category - Procurement Market Intelligence Report

Global Magnesium Category - Procurement Market Intelligence Report

About Magnesium Market

Magnesium is a silvery-white metal found in seawater and brines. It is readily available in seawater, which is increasing its commercialization globally. It is a chemical substance with the symbol Mg and atomic number 12. Magnesium is the ninth most abundant element in the universe and the third most abundant element dissolved in seawater. Furthermore, magnesium activates over 300 enzyme reactions in the body, which is useful in muscle contraction, nerve transmission, blood coagulation, nutrient metabolism, energy production, and bone and cell formation. Also, the increased demand for magnesium from automobile and aeronautical industries is the major driver for the growth of the global magnesium market.

Covered in this report

The report provides actionable insights to improve source-to-contract cycle performance in the Global Magnesium Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.

SpendEdge’s report, Global Magnesium Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

Category driver

  • Innovations in manufacturing technologies
  • For a full, detailed list, view our report
Category constraints
  • Lack of transparency regarding the manufacturing process
  • For a full, detailed list, view our report
Procurement best practices
  • Engage with suppliers with near-shore facilities
  • For a full, detailed list, view our report
Key questions answered in this report
  • What are the market dynamics?
  • What are the key market trends?
  • What are the category growth drivers?
  • What are the constraints to category growth?
  • Who are the suppliers in this market?
  • What are the demand-supply shifts?
  • What are the major category requirements?
  • What are the procurement best practices in this market?


PART 1: CATEGORY AT A GLANCE
TAKEAWAY 01 | Market Overview
TAKEAWAY 02 | Demand and Supply Snapshot
TAKEAWAY 03 | Key Market Dynamics
TAKEAWAY 04 | Supply Market Highlights
TAKEAWAY 05 | Pricing Insights
TAKEAWAY 06 | Procurement Insights
PART 2: SCOPE OF THE REPORT
Category Definition
Research Methodology
PART 3: MARKET INSIGHTS
Category Spend Analysis
Category Maturity by Regions
Demand-Supply Shifts
Regional Demand-Supply Snapshot
Market Developments
Regional Impact of Trends
Key Category Growth Drivers and Corresponding Regional Impacts
Major Category Growth Constraints and Corresponding Regional Impacts
Key Current Technological Innovations
Major Regulatory Frameworks
Strategic Sustainability Practices
Porter’s Five Forces
PESTLE Analysis
PART 4: SUPPLY MARKET INSIGHTS
Supplier Operational Capability Matrix
Other Prominent Suppliers by Region: Operational Capability Matrix
Supplier Functional Capability Matrix
Other Prominent Suppliers by Region: Functional Capability Matrix
Key Clients/Partners
Supplier Cost Breakup
Supplier Positioning Matrix
PART 5: PRICING INSIGHTS
Pricing Models Snapshot
Pricing Models – Pros and Cons
Indicative Pricing
PART 6: PROCUREMENT INSIGHTS
Major Category Requirements
Major Procurement Pain Points
Category Sourcing Evolution Matrix
Procurement Best Practices
Cost-saving Opportunities
Supplier Selection Criteria
Category Negotiation Strategies
SLA Terms
Supplier Evaluation Criteria
Category Risk Analysis
PART 7: TOP FIVE SUPPLIERS
Ningxia Hui-Ye Magnesium
POSCO
VSMPO-AVISMA
Magnesium Elektron
China Magnesium
PART 8: APPENDIX
Glossary
Key Notes
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