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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Due to its appealing features, including ultra-low density, outstanding formability, strong damping ability, and recyclability, magnesium-lithium Mg-Li alloys are becoming more and more popular as candidate metals for structural applications in the domains of aircraft, electronics, and military.
Instead of using aircraft plates, an alloy of Li and Mg is employed to create armour plates. Aluminium, zinc, manganese, silicon, copper, rare earth elements, and zirconium are frequently used in the production of magnesium alloys, which are combinations of magnesium, the lightest structural metal and other metals.
The hexagonal lattice structure of magnesium alloys has an impact on their basic characteristics.Al-Li alloys are a group of aluminium and lithium-based alloys that frequently also contain copper and zirconium. These alloys are much less dense than aluminium since lithium is the least dense elemental metal.
In terms of mass, commercial Al-Li alloys can include up to some pecent lithium.In order to increase fuel efficiency and take advantage of the durability of extruded magnesium, highly machinable, versatile magnesium alloys are also used in the production of gearboxes, covers, and components, helicopter transmissions, electronic housings, flight control systems, and aircraft wheels.
The Global magnesium-lithium 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.
Magnesium lithium alloys meet a lot of the specifications needed for automotive, medical, and 3C applications. These applications all benefit from the material's low density, which is about two-thirds that of aluminium alloys, as well as its high strength-to-weight ratios and other advantageous characteristics.
The most commonly used alloys for the automobile industry are those in the AZ, AM, AE, and AS family, which are typically high pressure die cast to benefit from magnesium's exceptional die castability. Furthermore, gravity and low pressure die casting are used to process these alloys.Some of these patents show that automotive applications utilising wrought products are also being developed.
The hexagonal close-packed atomic structure of magnesium-lithium makes for relatively few slip planes to allow for adequate plastic flow, which is one of the problems for wrought magnesium alloys that needs innovative solutions.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introdauction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in theIndustry |
| 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, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 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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