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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Aluminum-magnesium alloys, also known as Al-Mg alloys, are a type of metal alloy consisting of aluminum, magnesium, and other elements.These alloys have a higher strength-to-weight ratio than other aluminum alloys, making them ideal for applications that require light weight and high strength.
Additionally, they are corrosion-resistant and have excellent thermal conductivity and electrical conductivity.Al-Mg alloys can be found in a variety of forms such as rolled sheets, extrusions, and forgings. The most common alloying elements used in Al-Mg alloys are copper, manganese, and zinc.
The addition of these elements can improve the strength and other properties of the alloy. Al-Mg alloys are commonly used in aerospace and automotive applications due to their light weight and high strength. They are also used in sporting goods, electrical components, and other industrial applications.
Al-Mg alloys can be further classified into two groups based on their magnesium content: high-magnesium alloys and low-magnesium alloys.
High-magnesium alloys contain more than 10% magnesium and are known for their high strength and ductility. Low-magnesium alloys contain less than 10% magnesium and are known for their excellent corrosion resistance and good machinability.
Al-Mg alloys offer a number of benefits such as excellent strength, good thermal conductivity, and corrosion resistance. Additionally, they are lightweight and have good electrical conductivity.These alloys are used in a variety of industries due to their high strength-to-weight ratio and other properties.
The Global Aluminum Magnesium alloy Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Olight, a worldwide recognized illumination tool manufacturer, launched a brand-new product, the Baton 3 Pro Max Magnesium Alloy in Desert Tan, which is the firm's first-ever flashlight constructed of this material.
Olight is driven by the fundamental concept of offering customer-oriented innovation and service. The Baton 3 Pro Max Magnesium Alloy Desert Tan, which has a magnesium alloy, is more powerful and lightweight with excellent impact resistance and heat dissipation properties.
With the introduction of the Baton 3 Pro Max Magnesium Alloy Desert Tan, magnesium alloy which may someday rival aluminum alloy can be used in flashlights more often.
The density of magnesium alloy is approximately 1/4 that of steel and 2/3 that of aluminum. Because it is the lightest structural metallic material and performs well at high temperatures, it is perfect for usage in electronic gadgets, mobile devices, bicycles, and the aerospace industry.
It has also been dubbed "the green structural material of the 21st century," which will appeal to the world community and be substantially in line with sustainable development.
With VIVO's latest smartphone, the rare earth magnesium alloy known as Rigg metal has been effectively applied. A VIVO sub-brand hosted the new model's premiere, and the iQOO Neo5S smartphone made its appearance.
This kind of mobile phone's metal heat dissipation bracket uses a rare earth magnesium alloy that Shanxi Ruige Metal New Material Co., Ltd. provides. This alloy has a high degree of toughness and thermal conductivity.
The "all-weather atomic heat dissipation engine" model's thermal conductivity is increased to twice that of the entire apparatus. Having established a dedicated research and development team, Rigg Metal has successfully accomplished mass manufacturing of magnesium alloy materials with high toughness and high thermal conductivity.
Similar items have been available and favorably appreciated by consumers; they are being utilized extensively both domestically and internationally in a variety of industries.
The elongation and thermal conductivity of rare earth magnesium alloy have significantly improved when compared to traditional magnesium alloy, while maintaining the same strength. Its die-casting performance is comparable to that of traditional magnesium alloy, making it suitable for the die-casting of extremely thin-walled parts.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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