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The Asia Pacific Aerospace Magnesium Alloys market size was valued at US$ 213.7 million in 2024 and is projected to reach US$ 298.6 million by 2030, at a CAGR of 5.7% during the forecast period 2024-2030.
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Aerospace magnesium alloys are lightweight, high-strength materials used in aircraft and spacecraft components, offering significant weight reduction and fuel efficiency benefits in aerospace applications.
The Asia Pacific aerospace magnesium alloys market is growing steadily, driven by the region's expanding aerospace industry and focus on lightweight materials. China leads with a 40% market share, followed by Japan at 25% and South Korea at 20%. In 2023, commercial aircraft consumed 55% of total production, with military aerospace at 30% and space applications at 10%. The market experienced an 8% growth in demand for high-performance magnesium-lithium alloys. Key players include Magnesium Elektron (UK) and Luxfer MEL Technologies (USA), collectively holding a 45% market share in the region. The industry is investing in advanced alloy development, with a 12% increase in R&D spending on corrosion-resistant formulations in 2023. Challenges include competition from composite materials and concerns over magnesium's flammability, leading to a 7% focus on developing fire-retardant magnesium alloys. The trend towards electric aircraft has driven a 15% increase in magnesium alloy use for battery casings and structural components. The market is benefiting from the growth of the regional jet market in Asia, with a 20% rise in magnesium alloy demand for interior components in narrow-body aircraft.
Report Includes
This report is an essential reference for who looks for detailed information on Asia Pacific Aerospace Magnesium Alloys. The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Aerospace Magnesium Alloys, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Asia Pacific Aerospace Magnesium Alloys, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Aerospace Magnesium Alloys. This report contains market size and forecasts of Aerospace Magnesium Alloys in Asia Pacific, including the following market information:
We surveyed the Aerospace Magnesium Alloys manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
by Country
• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia
by Products type:
• Casting Alloys
• Wrought Alloys
by Application:
• Commercial
• Military
key players include: (At least 8-10 companies included)
• VSMPO-AVISMA Corporation
• Fushun Aluminium Co. Ltd.
• Xi’an Yuechen Metal Products Co., Ltd.
• Magontec
• Nanjing Yunhai Special Metals Co.,Ltd.
• DowAksa Advanced Composites
• Nippon Kinzoku
• Yinguang Magnesium Industry
• Shanxi Yinguang Huasheng Magnesium Industry
• China Magnesium Corporation
Including or excluding key companies relevant to your analysis.
Competitor Analysis
The report also provides analysis of leading market participants including:
• Key companies Aerospace Magnesium Alloys revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)
• Key companies Aerospace Magnesium Alloys revenues share in Asia Pacific market, 2023 (%)
• Key companies Aerospace Magnesium Alloys sales in Asia Pacific market, 2019-2024 (Estimated),
• Key companies Aerospace Magnesium Alloys sales share in Asia Pacific market, 2023 (%)
Key Points of this Report:
• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Asia Pacific and country-wise market of Aerospace Magnesium Alloys
• It describes present situation, historical background and future forecast
• Comprehensive data showing Aerospace Magnesium Alloys capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on Aerospace Magnesium Alloys manufacturers
• Aerospace Magnesium Alloys forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us
Reasons to Purchase this Report:
• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.
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Table of content1 Market Overview
1.1 Product Overview and Scope of Aerospace Magnesium Alloys
1.2 Segment by Type
1.2.1 Asia Pacific Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Casting Alloys
1.2.3 Wrought Alloys
1.3 Segment by Application
1.3.1 Asia Pacific Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Commercial
1.3.3 Military
1.4 Asia Pacific Market Growth Prospects
1.4.1 Asia Pacific Revenue Estimates and Forecasts (2019-2030)
1.4.2 Asia Pacific Production Estimates and Forecasts (2019-2030)
2 Asia Pacific Growth Trends
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
3 Market Competition by Manufacturers
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