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Global Magnesium Alloys for Aerospace Market to Reach USD 437.3 Million by 2029 with 7.3% CAGR Fueled by Lightweight Aerospace Material Demand Amidst COVID-19 and Russia-Ukraine War Impact

The global Magnesium Alloys for Aerospace Market, which reported a valuation of USD 267.5 million in 2022, is poised for a remarkable readjustment to USD 437.3 million by 2029, propelled by an impressive Compound Annual Growth Rate (CAGR) of 7.3% during the review period. This extraordinary surge, detailed in an exhaustive market analysis report, takes into account the formidable influence of the COVID-19 pandemic and the Russia-Ukraine War on market dynamics.

Magnesium alloys have historically been the preferred choice for the aerospace industry, catering to the relentless demand for lightweight materials capable of withstanding increasingly rigorous operational conditions. With its density merely two-thirds that of aluminum, magnesium alloys continue to captivate designers.

Key Report Highlights:

  • Comprehensive insights into global Magnesium Alloys for Aerospace market size and forecasts from 2018 to 2029, encompassing consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton).
  • Detailed regional and country-specific market size and forecasts, spotlighting consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton) from 2018 to 2029.
  • In-depth analysis of market size and forecasts by Type and Application, including consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton) from 2018 to 2029.
  • Market share insights on major players, featuring shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton) from 2018 to 2023.


Primary Objectives of the Report:

  1. Determine the total market opportunity size globally and in key countries.
  2. Evaluate the growth potential within the Magnesium Alloys for Aerospace sector.
  3. Forecast future growth across product and end-use markets.
  4. Assess competitive factors shaping the marketplace.

The report profiles prominent players in the global Magnesium Alloys for Aerospace market, encompassing key parameters such as company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Noteworthy companies featured in the study include Luxfer MEL Technologies, Magontec, Shanxi Yinguang Huasheng Magnesium, Shanxi Bada Magnesium, Smiths Metal, among others.

Furthermore, the report provides crucial insights into market drivers, restraints, opportunities, new product launches or approvals, and the enduring impact of COVID-19 and the Russia-Ukraine War.

Market Segmentation:

The Magnesium Alloys for Aerospace market is categorized by Type and Application:

By Type:

  • JDM1 Magnesium Alloys
  • JDM2 Magnesium Alloys

By Application:

  • Commercial
  • Military

Regional Analysis Covers:

  • North America (United States, Canada, and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and Rest of South America)
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)


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