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
- Lack of transparency regarding the manufacturing process
- For a full, detailed list, view our report
- Engage with suppliers with near-shore facilities
- For a full, detailed list, view our 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
- About Us
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