Indonesia Magnesium Metal Market (2024-2030) Outlook | Industry, Analysis, Value, Companies, Forecast, Growth, Trends, Share, Size & Revenue

Indonesia Magnesium Metal MarketSynopsis

Indonesia is the largest producer of magnesium metal in Southeast Asia.Indonesia produced approximately 18,000 tons of primary magnesium metal in 2019. The majority of this production was used for export purposes mainly to China and India. However, due to increase in domestic industrial demand for magnesium products, there has been a significant growth in domestic consumption as well over the past few years.

Market Trends

The Indonesia magnesium market has experienced positive trends since 2017 due to rising demand from foreign and domestic buyers. This trend is expected to continue with an estimated CAGR of 4.9%as new product applications are explored by manufacturers and end users alike. Additionally, government policies have also played a role in promoting growth within the industry by providing incentives for businesses looking expand their operations or set up new facilities related to manufacturing or processing activities involving magnesium based products or materials.

Market Drivers

Increasing investment into automotive sector on account of growing disposable income levels coupled with favorable government initiatives such as tax benefits have been driving expansion within the Indonesia automotive sector which has translated into higher demand for light weight metals including aluminum alloys and magnesium alloys among others. Moreover , increasing use across aerospace industry along with its cost saving properties is expected to provide further impetus for greater uptake across other industries as well.

COVID-19 Impact on the Market

Owing high prevalence rate of coronavirus pandemic globally , most economies around world have resumed certain restrictions on economic activities resulting slowdown down global trade thereby impacting various sectors including that of aluminum & its compounds including that off magnesiunm metals. With disruptions being felt across supply chain networks especially Chinese imports ,thereby leading shift towards local sourcing.

Challenges of the Market

In spite various drivers pushing consumer uptake on alumium & associated material like magensium alloy , exchange rates fluctuations coupled with availability off cheaper substitutes can dampen outlook toward prices & margins earned through sales off these commodities while increasing ecological concerns over environmental impacts arising through extraction process remains additional area concern.

Industry Key Players

Tio2 Corporation Sdn Bhd (Malaysia), CV Gading Indomakmur (Indonesia) PTE Ltd., PT Angkasa Kalbar Makmur Industri(AKMI)(Indonesia), PT Mahaka Mediacom Tbk.(MMM)(Indonesia) are some key players.

Key Highlights of the Report:

• Indonesia Magnesium Metal Market Outlook
• Market Size of Indonesia Magnesium Metal Market, 2023
• Forecast of Indonesia Magnesium Metal Market, 2030
• Historical Data and Forecast of Indonesia Magnesium Metal Revenues & Volume for the Period 2020-2030
• Indonesia Magnesium Metal Market Trend Evolution
• Indonesia Magnesium Metal Market Drivers and Challenges
• Indonesia Magnesium Metal Price Trends
• Indonesia Magnesium Metal Porter's Five Forces
• Indonesia Magnesium Metal Industry Life Cycle
• Historical Data and Forecast of Indonesia Magnesium Metal Market Revenues & Volume By By Application for the Period 2020-2030
• Historical Data and Forecast of Indonesia Magnesium Metal Market Revenues & Volume By Die Casting for the Period 2020-2030
• Historical Data and Forecast of Indonesia Magnesium Metal Market Revenues & Volume By Aluminum Alloys for the Period 2020-2030
• Historical Data and Forecast of Indonesia Magnesium Metal Market Revenues & Volume By Titanium Reduction for the Period 2020-2030
• Historical Data and Forecast of Indonesia Magnesium Metal Market Revenues & Volume By Iron & Steel Making for the Period 2020-2030
• Historical Data and Forecast of Indonesia Magnesium Metal Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Indonesia Magnesium Metal Market Revenues & Volume By By End-user Industry for the Period 2020-2030
• Historical Data and Forecast of Indonesia Magnesium Metal Market Revenues & Volume By Automotive for the Period 2020-2030
• Historical Data and Forecast of Indonesia Magnesium Metal Market Revenues & Volume By Aerospace for the Period 2020-2030
• Historical Data and Forecast of Indonesia Magnesium Metal Market Revenues & Volume By Electronics for the Period 2020-2030
• Historical Data and Forecast of Indonesia Magnesium Metal Market Revenues & Volume By Sports for the Period 2020-2030
• Historical Data and Forecast of Indonesia Magnesium Metal Market Revenues & Volume By Medical for the Period 2020-2030
• Historical Data and Forecast of Indonesia Magnesium Metal Market Revenues & Volume By Others for the Period 2020-2030
• Indonesia Magnesium Metal Import Export Trade Statistics
• Market Opportunity Assessment By By Application
• Market Opportunity Assessment By By End-user Industry
• Indonesia Magnesium Metal Top Companies Market Share
• Indonesia Magnesium Metal Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Magnesium Metal Company Profiles
• Indonesia Magnesium Metal Key Strategic Recommendations