Magnesium alloy

Thanks to the transformation and upgrading of China's automobile industry and 3C industries and the significant improvement of China's economic status, the magnesium alloy industry makes the market optimistic. Among them, the lightweight and environmental protection needs of the automotive industry, especially the development of new energy vehicles, as well as the continuous progress of magnesium alloy research and development technology and recycling technology, will be good news for promoting the wide application of magnesium alloys.

In 2015, the domestic automobile magnesium alloy will reach 68kg/ vehicle, while the same period in China's car sales will exceed 28 million, passenger car sales will reach 19.6 million, independent brand automobile enterprises through industrial mergers, technology research and development and market channel development and other factors, sales will exceed 10 million.

At the same time, the application of magnesium alloy in the pharmaceutical chemical industry and aerospace industry will also grow. Due to the steady growth of the downstream terminal automobile consumer market, the global magnesium alloy market is expected to be 6 million tons in 2015, with a compound annual growth rate (CAGR) of 20%-25%(including the application of magnesium alloys in transportation, 3C, aerospace and pharmaceutical and chemical fields).