Germany Magnesium Alloys Market Size & Outlook, 2019-2027
Germany magnesium alloys market, 2016-2027 (US$M)
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Germany magnesium alloys market highlights
- The Germany magnesium alloys market generated a revenue of USD 236.1 million in 2019 and is expected to reach USD 341.8 million by 2027.
- The Germany market is expected to grow at a CAGR of 4.7% 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 236.1 million |
| Market revenue in 2027 | USD 341.8 million |
| Growth rate | 4.7% (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, Germany accounted for 7.6% 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 Europe, Germany magnesium alloys market is projected to lead the regional market in terms of revenue in 2027.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 341.8 million by 2027.
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Magnesium Alloys Market Scope
Magnesium Alloys Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 60.19% in 2019. Horizon Databook has segmented the Germany magnesium alloys market based on automotive & transportation, aerospace & defense, electronics, other applications covering the revenue growth of each sub-segment from 2016 to 2027.
Germany is one of the major countries in the magnesium alloys market. Favorable aerospace & industrial outlook, presence of renowned automotive players, and significant demand for electronic products are expected to fuel the demand for magnesium alloys in the country.
Germany has one of the largest manufacturing sectors and ranks third globally in the exports of industrial goods and services.
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Our clientele includes a mix of magnesium alloys market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany magnesium alloys market, including forecasts for subscribers. This country databook contains high-level insights into Germany magnesium alloys market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Germany magnesium alloys market size, by application, 2016-2027 (US$M)
Germany Magnesium Alloys Market Share, 2019 & 2027 (US$M)
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