| Product Code: ETC7537617 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, India saw significant imports of automotive magnesium alloy, with top exporters including China, Russia, Hong Kong, UK, and Canada. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a strong compound annual growth rate (CAGR) of 22.87% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -6.59%. This data suggests a dynamic market for automotive magnesium alloy imports in India, influenced by key players and market conditions.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Magnesium Alloy Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Magnesium Alloy Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Magnesium Alloy Market - Industry Life Cycle |
3.4 India Automotive Magnesium Alloy Market - Porter's Five Forces |
3.5 India Automotive Magnesium Alloy Market Revenues & Volume Share, By Alloy Type, 2021 & 2031F |
3.6 India Automotive Magnesium Alloy Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
4 India Automotive Magnesium Alloy Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight materials in the automotive industry to improve fuel efficiency and reduce emissions. |
4.2.2 Growth in the automotive manufacturing sector in India leading to higher demand for magnesium alloys. |
4.2.3 Government regulations promoting the use of lightweight materials in vehicles for environmental sustainability. |
4.3 Market Restraints |
4.3.1 High initial costs associated with the adoption of magnesium alloys compared to traditional materials like steel and aluminum. |
4.3.2 Limited availability of skilled labor for working with magnesium alloys due to their specific manufacturing requirements. |
4.3.3 Concerns regarding the recyclability and sustainability of magnesium alloys in the automotive industry. |
5 India Automotive Magnesium Alloy Market Trends |
6 India Automotive Magnesium Alloy Market, By Types |
6.1 India Automotive Magnesium Alloy Market, By Alloy Type |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Magnesium Alloy Market Revenues & Volume, By Alloy Type, 2021- 2031F |
6.1.3 India Automotive Magnesium Alloy Market Revenues & Volume, By AZ Magnesium Alloy, 2021- 2031F |
6.1.4 India Automotive Magnesium Alloy Market Revenues & Volume, By AM Magnesium Alloy, 2021- 2031F |
6.1.5 India Automotive Magnesium Alloy Market Revenues & Volume, By ZK Magnesium Alloy, 2021- 2031F |
6.1.6 India Automotive Magnesium Alloy Market Revenues & Volume, By Others, 2021- 2031F |
6.2 India Automotive Magnesium Alloy Market, By Application Type |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Magnesium Alloy Market Revenues & Volume, By Powertrain, 2021- 2031F |
6.2.3 India Automotive Magnesium Alloy Market Revenues & Volume, By Interior, 2021- 2031F |
6.2.4 India Automotive Magnesium Alloy Market Revenues & Volume, By Exterior, 2021- 2031F |
6.2.5 India Automotive Magnesium Alloy Market Revenues & Volume, By Others, 2021- 2031F |
7 India Automotive Magnesium Alloy Market Import-Export Trade Statistics |
7.1 India Automotive Magnesium Alloy Market Export to Major Countries |
7.2 India Automotive Magnesium Alloy Market Imports from Major Countries |
8 India Automotive Magnesium Alloy Market Key Performance Indicators |
8.1 Weight reduction percentage achieved by using magnesium alloys in automotive components. |
8.2 Number of partnerships and collaborations between automotive manufacturers and magnesium alloy suppliers in India. |
8.3 Research and development investment in new technologies for enhancing the properties of magnesium alloys for automotive applications. |
9 India Automotive Magnesium Alloy Market - Opportunity Assessment |
9.1 India Automotive Magnesium Alloy Market Opportunity Assessment, By Alloy Type, 2021 & 2031F |
9.2 India Automotive Magnesium Alloy Market Opportunity Assessment, By Application Type, 2021 & 2031F |
10 India Automotive Magnesium Alloy Market - Competitive Landscape |
10.1 India Automotive Magnesium Alloy Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Magnesium Alloy Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |