APAC Magnesium Alloys Market - Industry Trends and Forecast to 2029

Asia-Pacific Magnesium Alloys Market, By Product (Cast Alloy and Wrought Alloy), Application (Automotive & Transportation, Aerospace & Defense, Electronics, Power Tools, and Others), Country (Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, New Zealand, and the Rest of Asia-Pacific) Industry Trends and Forecast to 2029

Market Definition:
Magnesium alloys refer to the type of alloys with the combinations of magnesium with other metals such as aluminum, zinc, manganese, silicon, copper, rare earth, and zirconium. These alloys have a hexagonal lattice structure that assists in moving the essential properties of these alloys. Magnesium is an abundant element and is primarily found on the ocean bed surface in the form of minerals.

Market Segmentation:
The Asia-Pacific magnesium alloys market is segmented into two notable segments based on product and application.
• On the basis of product, the market is classified into cast alloy and wrought alloy 
• On the basis of application, the market is classified into automotive & transportation, electronics, aerospace & defense, power tools, and others

Market Players:
Some of the major players operating in the Asia-Pacific magnesium alloys market are:
• Luxfer MEL Technologies
• Shandong Feixian County Yinguang Magnesium Industry Co. Ltd.
• regal-mg
• US Magnesium LLC
• Namoalloy
• Dead sea Magnesium, DSM
• Amacor
• Dynacast
• RIMA INDUSTRIAL
• Mag Specialties Inc.
• MAGONTEC Limited
• Nanjing Yunhai Special Metal Co., Ltd