Russia Magnesium Alloys Market Size & Outlook, 2019-2027
Russia magnesium alloys market, 2016-2027 (US$M)
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Russia magnesium alloys market highlights
- The Russia magnesium alloys market generated a revenue of USD 107.1 million in 2019 and is expected to reach USD 152.0 million by 2027.
- The Russia market is expected to grow at a CAGR of 4.5% 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 107.1 million |
| Market revenue in 2027 | USD 152.0 million |
| Growth rate | 4.5% (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, Russia accounted for 3.4% 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 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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Russia 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 58.92% in 2019. Horizon Databook has segmented the Russia magnesium alloys market based on automotive & transportation, aerospace & defense, electronics, other applications covering the revenue growth of each sub-segment from 2016 to 2027.
The country is a prominent leader in the automotive, electronics, and aircraft industries and is thus expected to fuel the magnesium alloys market. However, the pandemic had severely affected the country owing to temporary shutdowns of the industrial sectors and logistics issues due to several restrictions during the period.
The temporary lockdown had negatively impacted the overall economy and thereby impacting the demand for magnesium from industrial manufacturing sector. The recovery in 2021 is projected to minimize the business risk to some extent; however, the effects can be seen in the long run.
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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 Russia magnesium alloys market, including forecasts for subscribers. This country databook contains high-level insights into Russia magnesium alloys market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Russia magnesium alloys market size, by application, 2016-2027 (US$M)
Russia Magnesium Alloys Market Share, 2019 & 2027 (US$M)
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