Magnesium Market
Regions Covered
China
USA
Regions Covered
China
USA
Magnesium metal can be derived from vast number of sources which includes seawater, natural brines, dolomite and other minerals. The reserves are sufficient to meet the current and future demand. Production pertains to primary magnesium metal production at a global level. Secondary magnesium production accounted for 20-25% of the total supply in 2016. The market is expected to be driven by demand from automotive sector until 2019
China is expected to be the most lucrative market for the magnesium metal and this trend is expected to continue in the upcoming years. Demand from all the regions is expected to grow in the upcoming years as Environmental and legislative influences would propel the use of magnesium. China is the biggest producer and consumer of magnesium in the world and this market dynamics is expected to continue in the upcoming years. There could be shutdown of Pidgeon plants, however this shall be offset by supply from Qinghai Salt Lake plant. Around 216,000 tons of magnesium of unwrought containg >= 99.8% grade was exported from China to the world in 2016. Netherlands, Japan and Canada were top 3 importers from China accounting for an average of 26%, 11% and 8% respectively during the 3 year period
Beroe gathers intelligence through primary sources that include industry experts, researchers and consultants, as well as current suppliers, producers and distributors. Secondary sources can include subscriptions, business journals, newsletters, magazines, market research data, company sources and industry associations. Following data collation, analysis and strategic review, the final report is published.
Want a more detailed personalised report?
COVID-19: Assess impact on your suppliers and ensure business continuity with Beroe’s WIRE
(World Instant Risk Exposure)
Beroe is the World's leading provider of Procurement Intelligence and Supplier compliance solutions. We work with over 10,000 companies worldwide, including 400 of the Fortune 500.
© Copyright © 2021 Beroe. All rights reserved.
Are you curious to know whether the current conditions are favourable, unfavourable, or neutral for your procurement categories?
Join us for the Espresso LiVE event on 20th April 2021 to decode "The Procurement Beige Book"*
*A Beroe proprietary report on conditions prevailing in major procurement categories
