Magnesium Raw Materials Market Scope
Magnesium raw material is used in the production of various materials such as caustic-calcined magnesia, fused magnesia, dead burned magnesia, electrofused magnesia and others. Increasing usage of magnesium raw material in various applications such as dead burned magnesia, caustic-calcined magnesia, fused magnesia, electrofused magnesia, among others will drive the market for magnesium raw material.
The global magnesium raw materials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Magnesium Raw Materials market throughout the predicted period.
Queensland Magnesia Pty. Ltd. (Australia), Grecian Magnesite S.A. (Greece), Russian Mining Chemical (Moscow), Garrison Minerals (United States), Premier Magnesia, LLC (United States), Ramakrishna Magnesite Mines (India), Haicheng Magnesite (China) and Liaoning Jinding Magnesite Group (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Houying Group (China) and Dandong Jinyuan Minerals Limited Company (China).
Segmentation Overview
The study have segmented the market of Global Magnesium Raw Materials market by Type (Magnesite {Phanerocrystalline Magnesite, Cryptocrystalline Magnesite}, Brucite {Bulk Type, Fibrous Type}, Dolomite, Bishovite, Olivine and Carnallite), by Application (Dead Burned Magnesia, Caustic-Calcined Magnesia, Fused Magnesia, Electrofused Magnesia and Others) and Region with country level break-up.
On the basis of geography, the market of Magnesium Raw Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Demand of Aluminum-Magnesium Alloys and Die Cast Magnesium in Transportation Sector
Market Growth Drivers:
Demand for magnesium and its alloys is increasing, particularly in the automotive industry and Increasing Usage of Magnesium in the Production of Aluminum Alloys
Challenges:
Lack of Awareness regarding the Benefit of Magnesium Raw Material
Restraints:
Stringent Rules and Regulation
Opportunities:
Increasing investment in Research and Development Activities to Meet Growing Magnesium Demands and Rising Demand from Emerging Economies such as China, India, among others
Market Leaders and their Expansionary Development Strategies
In January 2022- Bioretec Ltd, a global Finnish medical device company and pioneer in bioresorbable orthopaedic implants, has signed a raw material supply agreement with Meotec GmbH, a German implantable materials manufacturer. Meotec will supply bioresorbable magnesium alloy raw materials for Bioretec's new RemeOs product family under the terms of the agreement.
In April 2022- Grecian Magnesite uses the Normal L Active as a raw material for the production of special magnesium compounds for technical applications.
Raw materials are vital to the European economy. They have a strong industrial base, producing a diverse range of goods and applications used in daily life and modern technology. Access to certain raw materials is becoming increasingly important in the EU and around the world. To address this issue, the European Commission has developed a list of critical raw materials (CRMs) for the EU, which is reviewed and updated on a regular basis. CRMs combine raw materials that are both important to the EU economy and have a high risk of supply.
Key Target Audience
Magnesium Raw Materials Manufacturer, Research and Development (R&D) Companies, Research Organization and Federal Agencies
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.