Dublin, June 09, 2021 (GLOBE NEWSWIRE) — The “Magnesium Alloys Market Size, Share & Analysis, By Alloy Type (Cast Alloys, Wrought Alloys), By End-Use Industry (Automotive & Transportation, Electronics, Aerospace & Defense, Power Tools) And By Region, Forecast To 2028” report has been added to ResearchAndMarkets.com’s offering.
The global magnesium alloys market size is expected to reach USD 4,254.9 Million in 2028, and register a CAGR of 11.8% during the forecast period.
Rapidly growing adoption of electric vehicles and increasing support initiatives by government of various countries are key factors driving market revenue growth.Advent and implementation of innovative process such as new rheo-casting and thixo-molding.
Growing awareness regarding advantages of using magnesium alloys over other alloys, increasing consumption of the product in various applications including artificial-organ implants, and increasing adoption of magnesium alloys in various industries such as aerospace, defense and healthcare are some of the major factors expected to drive market growth to a…
