COVID-19 Pandemic Impact on Global Magnesium Market 2020-2024 | Technavio

The magnesium market is expected to register a CAGR of almost 6% during 2020-2024, as per the latest research report by Technavio. The report offers detailed analysis about the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.

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Technavio has announced its latest market research report titled Global Magnesium Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Magnesium Market 2020-2024 (Graphic: Business Wire)

Request for Technavio’s market report estimates including pre- and post-COVID-19 impact on magnesium market. Download a Free Sample Report on the impact of COVID-19 pandemic analysis.

Due to the extensive spread of the virus across the globe, the Materials Industry is anticipated to have Mixed impact. The magnesium market will showcase Negative impact during 2020-2024.

Magnesium Market 2020-2024: Segmentation

Magnesium Market is segmented as below:

  • Application
    • Aluminum Alloys
    • Die Casting
    • Titanium Refining
    • Steel Desulfurization
    • Others
  • Geography
    • APAC
    • Europe
    • North America
    • MEA
    • South America

APAC region will account for the highest incremental growth during the forecast period.

With the surging growth of COVID-19 pandemic, the Materials market is anticipated to have a Direct impact during the forecast period. View market snapshot before purchasing

High demand for steel from various end-use industries has been an instrumental factor in influencing the growth of magnesium market. Other market drivers include use of lightweight materials in the automotive industry. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID 19 market estimates
  • Quarterly impact analysis and updates on market estimates

Get more insights about the global trends impacting the future of magnesium market, Request Free Sample @

Magnesium Market 2020-2024: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. Major market participants include China Magnesium Corp., Israel Chemicals Ltd., Latrobe Magnesium Ltd., Magontec Ltd., POSCO Group, Rima Group, Shaanxi Tianyu Magnesium Industry Group Co. Ltd., US Magnesium LLC, VSMPO-AVISMA Corp., and Western Magnesium Corp.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Aluminum alloys - Market size and forecast 2019-2024
  • Die casting - Market size and forecast 2019-2024
  • Titanium refining - Market size and forecast 2019-2024
  • Steel desulfurization - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume driver- Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • China Magnesium Corp.
  • Israel Chemicals Ltd.
  • Latrobe Magnesium Ltd.
  • Magontec Ltd.
  • POSCO Group
  • Rima Group
  • Shaanxi Tianyu Magnesium Industry Group Co. Ltd.
  • US Magnesium LLC
  • Western Magnesium Corp.


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations


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