New York, NY -- (SBWIRE) -- 05/06/2021 -- The growing demand in the automotive sector, increasing investment in R&D, and rising transportation sector driving the need for the market.

The global Metal Magnesium market is forecast to reach USD 6.40 Billion by 2027, according to a new report by Reports and Data. Some of the factors expected to lay the robust foundation for the growth of the global market are developments in automotive manufacturing, increased adoption in aviation capability, and expansion of crude steel production. The metal and its alloys are commonly used in the automotive and aerospace industries, owing to their lightweight properties. Additionally, it finds applications in biological and health care because of its excellent biocompatibility and nontoxicity. Besides, due to its superior electrical & mechanical properties such as longevity and better heat transfer, it is also commonly used in various electronic applications.

Environmental factors will play a significant role in shaping future demand and supply. The continuing and increasing momentum for rising pollution levels will continue to focus heavily on the automotive sector, a significant market for the metal and its alloys. Demand for these will be seen in the push to raise vehicle weight and, therefore, emissions. However, its explosive nature, coupled with harmful UV light emissions when burnt, is expected to curb market growth over the projected period.

Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.

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The research study comprises of vital information focusing on major market trends and estimated revenue growth rate. Additionally, the report highlights the market competition including the portfolios and strategic alliances and endeavors of the key competitors. It focuses on the mergers and acquisitions, joint ventures, partnerships, collaborations, product launches, brand promotions, and agreements, among others. The report also offers key insights about top companies in the market along with their company overview, business expansion plans, financial standing, production and manufacturing capacity, and global position.

Key companies operating in the market include: Magnesium LLC, POSCO, Nevada Clean Magnesium Inc., Magnohrom, Regal Magnesium, Sunglow Group, DunAn Magnesium, Magnotec Ltd., Rima Group, and NIPPON KINZOKU Co. Ltd., among others.

The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size. The report also provides an extensive analysis of key regions where the market has established its presence. The report covers major geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. A country-wise analysis is also included to offer better insights into regional spread of the Metal Magnesium market.

Manufacturing Process Outlook (Revenue, USD Billion; 2017-2027)

Thermal reduction process

Electrolyte process

Recycling

Product Outlook (Revenue, USD Billion; 2017-2027)

Pure magnesium

Magnesium compounds

Magnesium alloys

End-user Industry Outlook (Revenue, USD Billion; 2017-2027)

Aerospace & Defense

Automotive

Medical & Healthcare

Electronics

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The Metal Magnesium Market Report Offers:

Deep insights into the Metal Magnesium market landscape

Key details about the regional segmentation of the Metal Magnesium market

Analysis of the crucial market trends with regards to both current and emerging trends

Comprehensive impact analysis of COVID-19 pandemic on the Metal Magnesium industry

Extensive overview of the key manufacturers and prominent players of the industry

Comprehensive study of the market segmentation and recent developments

Table Of Contents:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Metal Magnesium Market Segmentation & Impact Analysis

Chapter 5. Metal Magnesium Market, By Type Insights & Trends

Chapter 6. Metal Magnesium Market, By Application Insights & Trends

Chapter 7. Metal Magnesium Market, By End Use Insights & Trends

Chapter 8. Metal Magnesium Market Regional Outlook

Chapter 9. Competitive Landscape

Chapter 10. Company Profiles

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About Reports and Data:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.