Japan Magnesium Casting Market was valued at USD 0.85 Billion in 2022 and is projected to reach USD 1.23 Billion by 2030, growing at a CAGR of 5.23% from 2024 to 2030.
Magnesium casting has gained substantial traction in the automotive industry due to its lightweight and high-strength properties. Automotive manufacturers are increasingly adopting magnesium castings for various components such as engine blocks, transmission cases, and wheels. The reduced weight of magnesium castings leads to improved fuel efficiency and performance, making it a preferred material choice for modern vehicles. Additionally, the superior damping characteristics of magnesium help in reducing vibrations and noise, enhancing overall driving comfort. The use of magnesium in automotive applications aligns with the industry's push towards more fuel-efficient and environmentally friendly vehicles.
The automotive sector's growing demand for magnesium casting is driven by the need for advanced materials that can withstand high-stress environments while minimizing weight. This trend is further supported by innovations in casting technologies and the development of new magnesium alloys that offer improved mechanical properties. As car manufacturers continue to explore ways to optimize vehicle performance and efficiency, the adoption of magnesium castings is expected to rise. This shift is not only beneficial for performance but also aligns with the industry's broader goals of sustainability and reduced carbon emissions.
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AmTech International
Auer Guss GmbH
Buhler AG
Chicago Magnesium Casting Company
Dynacast International
Faw Foundry
Hettich
JPM Group
Magnesium Elektron
Pace Industries
Skyrock
TCDC
The Lite Metals
Thompson Aluminum Casting Company (TAC)
TyTek Industries
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Magnesium Casting Market
Automobiles
Electronics
Appliances
Hand Tools
Military area
Aerospace field
Others
Based on Types the Market is categorized into Below types that held the largest Magnesium Casting market share In 2023.
Magnesium die-casting
Magnesium sand-casting
Japan (United States, Japan and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Japan Magnesium Casting Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Magnesium Casting Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Magnesium Casting Market, By Type
6. Japan Magnesium Casting Market, By Application
7. Japan Magnesium Casting Market, By Geography
Japan
Europe
Asia Pacific
Rest of the World
8. Japan Magnesium Casting Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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