Europe Magnesium Alloys Market Size & Outlook, 2019-2027
Europe magnesium alloys market, 2016-2027 (US$M)
Related Markets
Europe magnesium alloys market highlights
- The Europe magnesium alloys market generated a revenue of USD 664.2 million in 2019.
- The market is expected to grow at a CAGR of 4.2% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2020 to 2027.
Europe data book summary
| Market revenue in 2019 | USD 664.2 million |
| Market revenue in 2027 | USD 924.3 million |
| Growth rate | 4.2% (CAGR from 2019 to 2027) |
| Largest segment | Automotive & transportation |
| Fastest growing segment | Automotive & Transportation |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 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, Europe region accounted for 21.3% of the global magnesium alloys market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,292.2 million by 2027.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Magnesium Alloys Market Scope
Magnesium Alloys Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 58.42% in 2019. Horizon Databook has segmented the Europe magnesium alloys market based on automotive & transportation, aerospace & defense, electronics, other applications covering the revenue growth of each sub-segment from 2016 to 2027.
Europe has witnessed sluggish growth in the demand for magnesium alloys on account of rapid spreading of COVID-19. Top economies in the region including Italy, Germany, France, and Spain have reported huge number of COVID-19 infections.
This resulted in the shutdown of various businesses excluding important sectors and a decline in demand for industrial products such as various alloys. Europe is one of the major markets for magnesium alloys as it has a significant presence of magnesium producers.
Magnesium alloys are widely used in components for medical equipment and other industrial applications. It is majorly extracted from dolomite, magnesite ore, and seawater. Turkey, Austria, Russia, and Spain are the major countries in terms of magnesite mine production as of 2019.
Reasons to subscribe to Europe magnesium alloys market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Europe magnesium alloys market databook
-
Our clientele includes a mix of magnesium alloys market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe magnesium alloys market, including forecasts for subscribers. This continent databook contains high-level insights into Europe magnesium alloys market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Europe magnesium alloys market size, by country, 2016-2027 (US$M)
Europe Magnesium Alloys Market Share, 2019 & 2027 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
