The global magnesium alloys market is anticipated to grow at a considerable CAGR of 12.6% during the forecast period. The demand for heat resistance films is increasing to produce automotive components. Alloying magnesium improves its heat resistance, creep resistance, and lastingness. As a result, various companies are involved in the production of sustainable packaging solutions that are made of heat resistance films. For instance, in June 2021, Amcor’s Flexibles announced the installation of a seven-layer blown film line in which Amcor’s new machine will produce its recently launched proprietary AmPrima PE Plus ultra-clear and heat resistance films. These films enable customers to shift to recycle-ready solutions without any compromise on the performance, the appearance of the product, or its manufacturing
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/magnesium-alloys-market
Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in August 2021, Amcor announced the launch of a proprietary healthcare lidding technology that will be utilized for combination products that consist of two or more regulated components. This latest innovation from Amcor is based on patented inert film development and laminate design. It provides a lidding solution that can withstand heat sterilization, the process of preserving and sterilizing items while preventing drug uptake into the packaging. The packaging solution is a unique combination of healthcare products including devices with an Active Pharmaceutical Ingredient (API) that forms the basis of medicine. It ensures integrity after sterilization, machinability along with the convenient peel opening for patients.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Type
o By End-user
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Magnesium Elektron, Ka Shui International Holdings Ltd, Magontec, US Magnesium LLC, Nanjing Yunhai Special Metals Co. Ltd., and Meridian Lightweight Technologies.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Magnesium Alloys Market Report by Segment
By Type
- Cast alloys
- Wrought Alloys
By End User
- Aerospace
- Automotive
- Medical
- Electronics
- Sports
- Others (Power Tools)
A full report of Magnesium Alloys Market is available at: https://www.omrglobal.com/industry-reports/magnesium-alloys-market
Magnesium Alloys Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Advanced Magnesium Alloys Corporation (AMACOR)
- Dead Sea Magnesium Ltd
- Hydro Magnesium
- Jinwantong Magnesium Industry Co. Ltd
- Ka Shui International Holdings Ltd
- Magnesium Elektron Ltd
- Magontec Industry Ltd
- Meridian Lightweight Technologies
- Nanjing Welbow Metals Co. Ltd (RSM)
- Nippon Kinzoku
- Rima Group
- Salzgitter Magnesium-Technologie GmbH
- Shanghai Regal Magnesium Limited Company
- Smiths Advanced Metals
