Magnesium Metal Market 2022 Strategic Analysis, Growth Drivers, Industry Trends, Demand And Future Opportunities Till 2031
According to a latest magnesium metal market report published by Future Market Insights, the long-term outlook of the global magnesium metal market remains optimistic. Global magnesium metal revenues are set to grow at a CAGR of over 7% through 2031. Analysis of the Magnesium Metal Market The use of magnesium metal and magnesium metal alloys in aircraft and aerospace applications is expected to witness a steady growth over the forecast period. Over the years, aircraft manufacturers across the globe have focussed on developing lighter and more fuel-efficient aircraft in order to adhere to stringent emission norms and regulations imposed by various regulatory bodies and associations. Magnesium metal is one of the lightest metals on Earth. Moreover, magnesium metal is relatively more dimensionally stable, resistant to elevated temperatures, and relatively easier to process. Also, the reduction process associated with the manufacture of metals such as titanium, hafnium, uranium,