Japan Magnesium Alloys Market Size & Outlook, 2019-2027
Japan magnesium alloys market, 2016-2027 (US$M)
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Japan magnesium alloys market highlights
- The Japan magnesium alloys market generated a revenue of USD 113.0 million in 2019 and is expected to reach USD 164.7 million by 2027.
- The Japan market is expected to grow at a CAGR of 4.8% 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 113.0 million |
| Market revenue in 2027 | USD 164.7 million |
| Growth rate | 4.8% (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, Japan accounted for 3.6% 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 Asia Pacific, China magnesium alloys market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 218.6 million by 2027.
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Magnesium Alloys Market Scope
Magnesium Alloys Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 57.43% in 2019. Horizon Databook has segmented the Japan magnesium alloys market based on automotive & transportation, aerospace & defense, electronics, other applications covering the revenue growth of each sub-segment from 2016 to 2027.
Japanese aerospace component producers are among the key suppliers of primary structures, wings, fuselage, and other parts of aircraft. This is expected to drive the demand for magnesium and titanium alloys in aerospace & defense applications over the forecast period.
However, the outbreak of the COVID-19 pandemic has adversely affected the aircraft manufacturing industry with major airline companies putting passenger aircraft orders on hold, thereby negatively impacting the demand for magnesium alloys in the near future.
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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 Japan magnesium alloys market, including forecasts for subscribers. This country databook contains high-level insights into Japan magnesium alloys market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Japan magnesium alloys market size, by application, 2016-2027 (US$M)
Japan Magnesium Alloys Market Share, 2019 & 2027 (US$M)
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