Magnesium Alloys Market is anticipated to grow at a considerable CAGR of 12.6% during the forecast period. The demand for heat resistance films is increasing to produce automotive components. Alloying magnesium improves its heat resistance, creep resistance, and lastingness. As a result, various companies are involved in the production of sustainable packaging solutions that are made of heat resistance films. For instance, in June 2021, Amcor’s Flexibles announced the installation of a seven-layer blown film line in which Amcor’s new machine will produce its recently launched proprietary AmPrima PE Plus ultra-clear and heat resistance films. These films enable customers to shift to recycle-ready solutions without any compromise on the performance, the appearance of the product, or its manufacturing 

Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in August 2021, Amcor announced the launch of a proprietary healthcare lidding technology that will be utilized for combination products that consist of two or more regulated components. This latest innovation from Amcor is based on patented inert film development and laminate design. It provides a lidding solution that can withstand heat sterilization, the process of preserving and sterilizing items while preventing drug uptake into the packaging. The packaging solution is a unique combination of healthcare products including devices with an Active Pharmaceutical Ingredient (API) that forms the basis of medicine. It ensures integrity after sterilization, machinability along with the convenient peel opening for patients.

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Market Coverage

The market number available for – 2022-2031
Base year- 2023
Forecast period- 2023-2031

Segment Covered- 

By Type 
By End-user

Regions Covered

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- Magnesium Elektron, Ka Shui International Holdings Ltd, Magontec, US Magnesium LLC, Nanjing Yunhai Special Metals Co. Ltd., and Meridian Lightweight Technologies. 

Magnesium Alloys Market Report by Segment

By Type

Cast alloys
Wrought Alloys

By End User 

Aerospace
Automotive
Medical
Electronics
Sports
Others (Power Tools)

A full Report of Magnesium Alloys Market is Available @   https://www.omrglobal.com/industry-reports/magnesium-alloys-market

 Magnesium Alloys Market Report by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America 
Middle East & Africa

Company Profiles 

Advanced Magnesium Alloys Corporation (AMACOR)
Dead Sea Magnesium Ltd
Hydro Magnesium
Jinwantong Magnesium Industry Co. Ltd
Ka Shui International Holdings Ltd
Magnesium Elektron Ltd 
Magontec Industry Ltd
Meridian Lightweight Technologies
Nanjing Welbow Metals Co. Ltd (RSM)
Nippon Kinzoku
Rima Group
Salzgitter Magnesium-Technologie GmbH
Shanghai Regal Magnesium Limited Company
Smiths Advanced Metals
US Magnesium LLC

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