Brazil Magnesium Alloys Market Size & Outlook, 2019-2027
Brazil magnesium alloys market, 2016-2027 (US$M)
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Brazil magnesium alloys market highlights
- The Brazil magnesium alloys market generated a revenue of USD 42.7 million in 2019 and is expected to reach USD 59.8 million by 2027.
- The Brazil market is expected to grow at a CAGR of 4.3% from 2020 to 2027.
- In terms of segment, automotive & transportation was the largest revenue generating application in 2019.
- Automotive & Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
Magnesium alloys market data book summary
| Market revenue in 2019 | USD 42.7 million |
| Market revenue in 2027 | USD 59.8 million |
| Growth rate | 4.3% (CAGR from 2019 to 2027) |
| Largest segment | Automotive & transportation |
| Fastest growing segment | Automotive & Transportation |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive & Transportation, Aerospace & Defense, Electronics, Other Applications |
| Key market players worldwide | Nanjing Yunhai Special Metals, Ferroglobe PLC |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.4% of the global magnesium alloys market in 2019.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil magnesium alloys market is projected to lead the regional market in terms of revenue in 2027.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 59.8 million by 2027.
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Magnesium Alloys Market Scope
Magnesium Alloys Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil magnesium alloys market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to magnesium alloys market will help companies and investors design strategic landscapes.
Automotive & transportation was the largest segment with a revenue share of 58.31% in 2019. Horizon Databook has segmented the Brazil magnesium alloys market based on automotive & transportation, aerospace & defense, electronics, other applications covering the revenue growth of each sub-segment from 2016 to 2027.
Brazil is the largest manufacturer and exporter of automobiles in the Central & South American region. According to the National Association of Automotive Vehicle Manufacturers (The Associação Nacional dos Fabricantes de Veiculos Automores (ANFAVEA)), the country produced around 2.95 million vehicles in 2019.
Improving accessibility to credit facilities is also expected to drive the automobile industry and consequently, the demand for lightweight magnesium alloys over the forecast period. Brazil has emerged as one of the largest exporters of aerospace and aerospace parts in the world.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil magnesium alloys market, including forecasts for subscribers. This country databook contains high-level insights into Brazil magnesium alloys market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Brazil magnesium alloys market size, by application, 2016-2027 (US$M)
Brazil Magnesium Alloys Market Share, 2019 & 2027 (US$M)
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