Key vendors to focus on the production of stainless magnesium alloy
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global magnesium market in their latest research report. This report also lists four other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated through sales of magnesium for applications such as aluminum alloys, die casting, titanium refining, steel desulfurization, and nodular cast iron.
This Technavio report, under the metals and minerals vertical, is based on the synthesis, analysis, and interpretation of information about the global magnesium market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global magnesium market is dominated by the Chinese magnesium players, who account for almost 75% of the global production. China is the largest producer and consumer of magnesium in the global market. It is also the largest market for aluminum and steel, the major application segments of magnesium. Major vendors in China include Wenxi YinGuang Magnesium Industry, Shaanxi Fugu Tianyu Mineral Industry, Ningxia Hui-Ye Magnesium Marketing, and Henan Mingmei Magnesium Technology. These players account for approximately 90% of the Chinese market share, making China the largest producer of magnesium globally.
“The demand for stainless magnesium alloy in the global market is on the rise. Magnesium stainless alloys are revolutionizing the manufacturing industry owing to characteristics such it lightweight, yet strong. Various end-user industries including automobile and electronics are increasingly incorporating stainless magnesium alloy in their manufacturing process. For instance, 2016 BMW 7 series, Jaguar XF, and the Ferrari 488 Spider uses magnesium alloys. Samsung Galaxy S7 has magnesium alloy body. High-resolution full-frame cameras also use magnesium alloys for its body and lens shell such as Nikon D800 and Sony A7R,” says Ajay Adikhari, a lead analyst at Technavio for metals and minerals.
Top five vendors in the magnesium market space
Ningxia Hui-Ye Magnesium Marketing
Ningxia Hui-Ye Magnesium Marketing is involved in the processing and supply of magnesium and magnesium alloy products. Other product offerings from the company include coke, ferrosilicon, and other products. The company exports its products to America, Western Europe, Japan, Korea, Canada, and other regions. The company has a production capacity of over 80,000 metric tons of magnesium products per year. Ningxia Hui-Ye Magnesium Marketing’s production base is located in the Ningxia Province and is the biggest production base in Northwest of China.
Key products: MAG GRANULE, Magnesium alloy, MAG ANODE, 110KG MG INGOT, 7.5KG MG INGOT, MG INGOT, 350KG MG INGOT, 2KG MG INGOT, and Alloy die casting.
POSCO
POSCO is an integrated steel producing company that engages in the manufacture and marketing of a wide range of steel products. Some of the company’s product offerings include cold-rolled and hot-rolled products, plates, wire rods, stainless steel products, and silicon steel sheets. It markets steel products to industry segments such as automotive, home appliances, shipbuilding, engineering, and machinery. The company also produces magnesium and titanium and has &D facilities located across South Korea, North America, Asia, China, Japan, and ROW.
Key products: AZ91D, AM50A, AM60B, AZ31B, AZ61A, AZ31B, AZ31B-Ca, AZ61A, and M1A.
Shaanxi Fugu Tianyu Mineral Industry
Shaanxi Fugu Tianyu Mineral Industry is a producer and exporter of pure magnesium ingots, coal, silicon calcium, FineCoke, calcium carbide, coal tar, ferrosilicon, and silicon manganese. The company exports its products to Britain, Germany, France, Australia, Japan, the Netherlands, and South Korea. The group develops magnesium and its alloy projects through its subsidiary Fugu County Tianyu Magnesium Alloy.
Key products: Mg9980, Mg9990, Mg9995, 7.5-Kilogram magnesium ingot, 100-Gram magnesium ingot, and 300-Gram magnesium ingot.
US Magnesium
US Magnesium operates as a subsidiary of The Renco Group. The company engages in the production and management of primary aluminum in North America. Its product offerings include alloy magnesium, pure magnesium, and chemicals. US Magnesium also provides magnesium products for applications such as nodular iron, desulfurization of steel, chemical uses, casting, aluminum alloying, and metal reduction.
Key products: US Magnesium Maglock (11.3 kilograms), US Magnesium, US Magnesium (15.8 kilograms), US Magnesium Maglock (11.3 kilograms): AZ91D, AM60B, AM20, AM50A, and AZ91E, and US Magnesium (6.8 kilograms): AZ91D, AZ91E, AM60B, AM50A, and AZ81A.
Wenxi YinGuang Magnesium Industry
Wenxi YinGuang Magnesium Industry primarily engages in the production, processing, and sales of magnesium and other related products. The group has 12 branch companies with around $200 million assets. In the magnesium market, the company produces primary magnesium ingots, magnesium alloys, magnesium granules, die casting parts, simultaneous casting, rolling sheet plus forged automobile wheel hubs, magnesium alloy extruded profiles, and other magnesium alloy-based industrial products.
Key products: Magnesium bars(billets), Magnesium (Alloy) ingots, Magnesium powder (granule), Magnesium die casting, Magnesium pressing (magnesium alloy sheet), Magnesium extrusion, Magnesium wrought, Magnesium cast anode, Etchings, and Outdoor appliances.
Other prominent vendors in this market include Dead Sea Magnesium, Rima, Solikamsk magnesium works, and VSMPO-AVISMA.
A more detailed analysis is available in the Technavio report, Global Magnesium Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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