Impact of COVID-19 on Magnesium Alloys Market Research Report.
A detailed research study on the Magnesium Alloys Market was recently published by IndustryGrowthInsights. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. The report puts together a concise analysis of the growth factors influencing the current business scenario across various regions. Significant information pertaining to the industry analysis size, share, application, and statistics are summed in the report in order to present an ensemble prediction. Additionally, this report encompasses an accurate competitive
The global metals and alloys industry is transitioning in terms of innovation and development of new alloys to improve tensile strength and other properties of the conventional metals. Magnesium is one of the most abundantly found elements in the world. It is found primarily in the surface of ocean beds in the form of dolomite, magnesite, and carnallite minerals. Alloying magnesium improves its heat resistance, tensile strength, and creep resistance. Magnesium alloys are used as an alternatives to aluminum and iron metals for weight reduction and to improve tensile strength of the material. Magnesium alloys have excellent corrosion resistant property and are considerably light in weight; therefore, they are utilized in a wide range of applications such as portable electronic devices, automobile parts, computer parts, and portable telephones. Additionally, improved heat resistance and strength of magnesium alloys have extended their application in automotive frame manufacturing and the aerospace industry.
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Magnesium reserves around the globe is about two-fifth that of iron, quarter that of aluminum and 190 times higher than those of copper and nickel. The high abundance of magnesium makes it as one of the most inexhaustible resource distributed all over the world. Magnesium is one of the lightest metals used in making frames, structures, and cellular mobile phones parts. Magnesium has a density of about one-quarter that of iron and two-third that of aluminium. Magnesium alloys have excellent shielding property and can provide protection from electromagnetic waves, allowing its use in the aerospace industry.
Segment by Type:
Cast Alloys
Wrought Alloys
Segment by Application:
Automotive & Transportation
Electronic
Aerospace & Defence
Power Tools
Regional Segments:
- North America
- Europe
- China
- Japan
- Southeast Asia
- India
Key players:
Magnesium Elektron
Ka Shui International Holdings
Magontec
U.S. Magnesium
Nanjing Yunhai Special Metals
Meridian Lightweight Technologies
Amacor
Shanghai Regal Magnesium
Shanxi Yinguang Huasheng Magnesium
Shanxi Credit Magnesium
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