Global Biodegradable Magnesium Alloy Material Industry

2023-2029 Global Biodegradable Magnesium Alloy Material Industry Research & Trends Analysis Report

Global Biodegradable Magnesium Alloy Material Industry

2023-2029 Global Biodegradable Magnesium Alloy Material Industry Research & Trends Analysis Report


The research report on ‘Biodegradable Magnesium Alloy Material Market’ provides a workplan for stakeholders for the estimated timeframe of 2024-. To elaborate, it offers valid predictions for the size, shares, and growth patterns of this domain over the projected timeline by assessing the past records and present business trends.

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According to the research report, the global market for Biodegradable Magnesium Alloy Material should grow from US$ 114 million in 2022 to US$ 160.7 million by 2029, with a CAGR of 4.7% for the period of 2023-2029.

Biodegradable Magnesium Alloy Materials are widely used in the field of oil extraction, underground tools sealed ball material, the use of soluble magnesium alloy manufacturing fracturing construction tools, tools in the work after the completion of their own work in the underground ablation, and then mixed in the liquid through the pipeline anti-discharge , Can be completely degraded, there is no easy card astringent, blocking the channel problem, thus eliminating the need for drilling recovery process, reduce the project difficulty, improve the construction efficiency.

This report aims to provide a comprehensive study of the global market for Biodegradable Magnesium Alloy Material.
Key Takeaways and Highlights

(1) Global Biodegradable Magnesium Alloy Material market size (sales volume & revenue), history data from 2018-2022 and forecast data from 2023 to 2029.

(2) Global Biodegradable Magnesium Alloy Material market competitive situation, sales, revenue, price and market share, from 2018 to 2022.

(3) China Biodegradable Magnesium Alloy Material market competitive situation, sales, revenue, price and market share, from 2018 to 2022.

(4) Global Biodegradable Magnesium Alloy Material segment by region (or country), key regions cover the United States, Europe, Japan, South Korea, Southeast Asia and India, etc.

(5) Global Biodegradable Magnesium Alloy Material segment by type and by application and regional segment by type and by application.

(6) Global major production regions of Biodegradable Magnesium Alloy Material, capacity, production and trends.

(7) Biodegradable Magnesium Alloy Material industry supply chain, upstream, midstream and downstream analysis.


Regional Breakdown: Analyzing Market Segments by Geography

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa


Segmenting by Type: Comprehensive Coverage and Analysis

Chloride Dissolved

Low Chloride Dissolved


Application-Based Segmentation: Unlocking Market Opportunities

Balls/Spheres

Tubes and Bars

Others


In the Spotlight: A Closer Look at Market Players

Luxfer

Terves

Wingoil

Five Star Downhole

Meifu Technology

Baohuifeng

Kunfugroup

Special Magnesium

Galvotec

Dome Metals

Yuhua

1 Market Overview

1.1 Biodegradable Magnesium Alloy Material Definition

1.2 Global Biodegradable Magnesium Alloy Material Market Size and Forecast

1.2.1 By Revenue, Global Biodegradable Magnesium Alloy Material Market Size, 2018-2029

1.2.2 By Sales Volume, Global Biodegradable Magnesium Alloy Material Market Size, 2018-2029

1.2.3 Global Biodegradable Magnesium Alloy Material Price Trend, 2018-2029

1.3 China Biodegradable Magnesium Alloy Material Market Size and Forecast

1.3.1 By Revenue, China Biodegradable Magnesium Alloy Material Market Size, 2018-2029

1.3.2 By Sales Volume, China Biodegradable Magnesium Alloy Material Market Size, 2018-2029

1.3.3 China Biodegradable Magnesium Alloy Material Price Trend, 2018-2029

1.4 China Percentage in Global Market

1.4.1 By Revenue, China Biodegradable Magnesium Alloy Material Share in Global Market, 2018-2029

1.4.2 By Sales Volume, China Biodegradable Magnesium Alloy Material Share in Global Market, 2018-2029

1.4.3 Biodegradable Magnesium Alloy Material Market Size: China VS Global, 2018-2029

1.5 Biodegradable Magnesium Alloy Material Market Dynamics

1.5.1 Biodegradable Magnesium Alloy Material Market Drivers

1.5.2 Biodegradable Magnesium Alloy Material Market Restraints

1.5.3 Biodegradable Magnesium Alloy Material Industry Trends

1.5.4 Biodegradable Magnesium Alloy Material Industry Policy

2 Global Competitive Landscape by Company

2.1 Global Biodegradable Magnesium Alloy Material Revenue by Company, 2018-2023

2.2 Global Biodegradable Magnesium Alloy Material Sales Volume by Company, 2018-2023

2.3 Global Biodegradable Magnesium Alloy Material Price by Company, 2018-2023

2.4 Global Biodegradable Magnesium Alloy Material Participants, Market Position (Tier 1, Tier 2 and Tier 3)

2.5 Global Biodegradable Magnesium Alloy Material Concentration Ratio

2.6 Global Biodegradable Magnesium Alloy Material Mergers & Acquisitions, Expansion Plans

2.7 Global Biodegradable Magnesium Alloy Material Manufacturers Product Type

3 China Competitive Landscape by Company

3.1 China Biodegradable Magnesium Alloy Material Revenue by Company, 2018-2023

3.2 China Biodegradable Magnesium Alloy Material Sales Volume by Company, 2018-2023

3.3 China Biodegradable Magnesium Alloy Material Biodegradable Magnesium Alloy Material Participants, Market Position (Tier 1, Tier 2 and Tier 3)

3.4 China Biodegradable Magnesium Alloy Material Market, Sales Percentage of Local Players VS Foreign Players (2018-2023)

3.5 Chinese Local Players, Biodegradable Magnesium Alloy Material Domestic VS Export

3.6 China Market, Biodegradable Magnesium Alloy Material Import & Export

3.6.1 China Market, Biodegradable Magnesium Alloy Material Import & Export, 2018-2029

3.6.2 China Biodegradable Magnesium Alloy Material Import & Export Trends

3.6.3 Main Sources of China Biodegradable Magnesium Alloy Material Import

3.6.4 Export Destination of China Biodegradable Magnesium Alloy Material

4 Biodegradable Magnesium Alloy Material Production by Region

4.1 Global Biodegradable Magnesium Alloy Material Capacity, Production and Capacity Utilization, 2018-2029

4.2 Global Geographic Distribution of Biodegradable Magnesium Alloy Material Manufacturers

4.3 Global Major Manufacturers, Biodegradable Magnesium Alloy Material Capacity Expansion and Future Plans

4.4 Global Biodegradable Magnesium Alloy Material Capacity by Region

4.5 Global Biodegradable Magnesium Alloy Material Production by Region

4.5.1 Global Biodegradable Magnesium Alloy Material Production & Forecast by Region, 2018 VS 2022 VS 2029

4.5.2 Global Biodegradable Magnesium Alloy Material Production by Region, 2018-2023

4.5.3 Global Biodegradable Magnesium Alloy Material Production Market Share & Forecast by Region, 2018-2029

5 Industry Chain Analysis

5.1 Biodegradable Magnesium Alloy Material Industry Chain

5.2 Biodegradable Magnesium Alloy Material Upstream Analysis

5.2.1 Biodegradable Magnesium Alloy Material Core Raw Materials

5.2.2 Main Manufacturers of Biodegradable Magnesium Alloy Material Core Raw Materials

5.3 Midstream Analysis

5.4 Downstream Analysis

5.5 Biodegradable Magnesium Alloy Material Production Mode

5.6 Biodegradable Magnesium Alloy Material Procurement Model

5.7 Biodegradable Magnesium Alloy Material Industry Sales Model and Sales Channels

5.7.1 Biodegradable Magnesium Alloy Material Sales Model

5.7.2 Biodegradable Magnesium Alloy Material Typical Distributors

6 Sights by Type

6.1 Biodegradable Magnesium Alloy Material Classification

6.1.1 Chloride Dissolved

6.1.2 Low Chloride Dissolved

6.2 By Type, Global Biodegradable Magnesium Alloy Material Market Size & CAGR, 2018 VS 2022 VS 2029

6.3 By Type, Global Biodegradable Magnesium Alloy Material Revenue, 2018-2029

6.4 By Type, Global Biodegradable Magnesium Alloy Material Sales Volume, 2018-2029

6.5 By Type, Global Biodegradable Magnesium Alloy Material Price, 2018-2029

7 Sights by Application

7.1 Biodegradable Magnesium Alloy Material Segment by Application

7.1.1 Balls/Spheres

7.1.2 Tubes and Bars

7.1.3 Others

7.2 By Application, Global Biodegradable Magnesium Alloy Material Market Size & CAGR, 2018 VS 2022 VS 2029

7.3 By Application, Global Biodegradable Magnesium Alloy Material Revenue, 2018-2029

7.4 By Application, Global Biodegradable Magnesium Alloy Material Sales Volume, 2018-2029

7.5 By Application, Global Biodegradable Magnesium Alloy Material Price, 2018-2029

8 Sales Sights by Region

8.1 By Region, Global Biodegradable Magnesium Alloy Material Market Size, 2018 VS 2022 VS 2029

8.2 By Region, Global Biodegradable Magnesium Alloy Material Revenue, 2018-2029

8.3 By Region, Global Biodegradable Magnesium Alloy Material Sales Volume, 2018-2029

8.4 North America

8.4.1 North America Biodegradable Magnesium Alloy Material Market Size & Forecasts, 2018-2029

8.4.2 By Country, North America Biodegradable Magnesium Alloy Material Market Size Market Share

8.5 Europe

8.5.1 Europe Biodegradable Magnesium Alloy Material Market Size & Forecasts, 2018-2029

8.5.2 By Country, Europe Biodegradable Magnesium Alloy Material Market Size Market Share

8.6 Asia Pacific

8.6.1 Asia Pacific Biodegradable Magnesium Alloy Material Market Size & Forecasts, 2018-2029

8.6.2 By Country/Region, Asia Pacific Biodegradable Magnesium Alloy Material Market Size Market Share

8.7 South America

8.7.1 South America Biodegradable Magnesium Alloy Material Market Size & Forecasts, 2018-2029

8.7.2 By Country, South America Biodegradable Magnesium Alloy Material Market Size Market Share

8.8 Middle East & Africa

9 Sales Sights by Country Level

9.1 By Country, Global Biodegradable Magnesium Alloy Material Market Size & CAGR，2018 VS 2022 VS 2029

9.2 By Country, Global Biodegradable Magnesium Alloy Material Revenue, 2018-2029

9.3 By Country, Global Biodegradable Magnesium Alloy Material Sales Volume, 2018-2029

9.4 U.S.

9.4.1 U.S. Biodegradable Magnesium Alloy Material Market Size, 2018-2029

9.4.2 By Company, U.S. Biodegradable Magnesium Alloy Material Sales Volume Market Share, 2022

9.4.3 By Type, U.S. Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

9.4.4 By Application, U.S. Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

9.5 Europe

9.5.1 Europe Biodegradable Magnesium Alloy Material Market Size, 2018-2029

9.5.2 By Company, Europe Biodegradable Magnesium Alloy Material Sales Volume Market Share, 2022

9.5.3 By Type, Europe Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

9.5.4 By Application, Europe Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

9.6 China

9.6.1 China Biodegradable Magnesium Alloy Material Market Size, 2018-2029

9.6.2 By Company, China Biodegradable Magnesium Alloy Material Sales Volume Market Share, 2022

9.6.3 By Type, China Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

9.6.4 By Application, China Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

9.7 Japan

9.7.1 Japan Biodegradable Magnesium Alloy Material Market Size, 2018-2029

9.7.2 By Company, Japan Biodegradable Magnesium Alloy Material Sales Volume Market Share, 2022

9.7.3 By Type, Japan Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

9.7.4 By Application, Japan Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

9.8 South Korea

9.8.1 South Korea Biodegradable Magnesium Alloy Material Market Size, 2018-2029

9.8.2 By Company, South Korea Biodegradable Magnesium Alloy Material Sales Volume Market Share, 2022

9.8.3 By Type, South Korea Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

9.8.4 By Application, South Korea Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

9.9 Southeast Asia

9.9.1 Southeast Asia Biodegradable Magnesium Alloy Material Market Size, 2018-2029

9.9.2 By Company, Southeast Asia Biodegradable Magnesium Alloy Material Sales Volume Market Share, 2022

9.9.3 By Type, Southeast Asia Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

9.9.4 By Application, Southeast Asia Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

9.10 India

9.10.1 India Biodegradable Magnesium Alloy Material Market Size, 2018-2029

9.10.2 By Company, India Biodegradable Magnesium Alloy Material Sales Volume Market Share, 2022

9.10.3 By Type, India Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

9.10.4 By Application, India Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

9.11 Middle East & Asia

9.11.1 Middle East & Asia Biodegradable Magnesium Alloy Material Market Size, 2018-2029

9.11.2 By Company, Middle East & Asia Biodegradable Magnesium Alloy Material Sales Volume Market Share, 2022

9.11.3 By Type, Middle East & Asia Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

9.11.4 By Application, Middle East & Asia Biodegradable Magnesium Alloy Material Market Size, Share, 2022 VS 2029

10 Manufacturers Profile

10.1 Luxfer

10.1.1 Luxfer Company Information, Head Office, Market Area and Industry Position

10.1.2 Luxfer Biodegradable Magnesium Alloy Material Models, Specifications and Application

10.1.3 Luxfer Biodegradable Magnesium Alloy Material Sales Volume, Revenue, Price and Gross Margin, 2018-2023

10.1.4 Luxfer Company Profile and Main Business

10.1.5 Luxfer Recent Developments

10.2 Terves

10.2.1 Terves Company Information, Head Office, Market Area and Industry Position

10.2.2 Terves Biodegradable Magnesium Alloy Material Models, Specifications and Application

10.2.3 Terves Biodegradable Magnesium Alloy Material Sales Volume, Revenue, Price and Gross Margin, 2018-2023

10.2.4 Terves Company Profile and Main Business

10.2.5 Terves Recent Developments

10.3 Wingoil

10.3.1 Wingoil Company Information, Head Office, Market Area and Industry Position

10.3.2 Wingoil Biodegradable Magnesium Alloy Material Models, Specifications and Application

10.3.3 Wingoil Biodegradable Magnesium Alloy Material Sales Volume, Revenue, Price and Gross Margin, 2018-2023

10.3.4 Wingoil Company Profile and Main Business

10.3.5 Wingoil Recent Developments

10.4 Five Star Downhole

10.4.1 Five Star Downhole Company Information, Head Office, Market Area and Industry Position

10.4.2 Five Star Downhole Biodegradable Magnesium Alloy Material Models, Specifications and Application

10.4.3 Five Star Downhole Biodegradable Magnesium Alloy Material Sales Volume, Revenue, Price and Gross Margin, 2018-2023

10.4.4 Five Star Downhole Company Profile and Main Business

10.4.5 Five Star Downhole Recent Developments

10.5 Meifu Technology

10.5.1 Meifu Technology Company Information, Head Office, Market Area and Industry Position

10.5.2 Meifu Technology Biodegradable Magnesium Alloy Material Models, Specifications and Application

10.5.3 Meifu Technology Biodegradable Magnesium Alloy Material Sales Volume, Revenue, Price and Gross Margin, 2018-2023

10.5.4 Meifu Technology Company Profile and Main Business

10.5.5 Meifu Technology Recent Developments

10.6 Baohuifeng

10.6.1 Baohuifeng Company Information, Head Office, Market Area and Industry Position

10.6.2 Baohuifeng Biodegradable Magnesium Alloy Material Models, Specifications and Application

10.6.3 Baohuifeng Biodegradable Magnesium Alloy Material Sales Volume, Revenue, Price and Gross Margin, 2018-2023

10.6.4 Baohuifeng Company Profile and Main Business

10.6.5 Baohuifeng Recent Developments

10.7 Kunfugroup

10.7.1 Kunfugroup Company Information, Head Office, Market Area and Industry Position

10.7.2 Kunfugroup Biodegradable Magnesium Alloy Material Models, Specifications and Application

10.7.3 Kunfugroup Biodegradable Magnesium Alloy Material Sales Volume, Revenue, Price and Gross Margin, 2018-2023

10.7.4 Kunfugroup Company Profile and Main Business

10.7.5 Kunfugroup Recent Developments

10.8 Special Magnesium

10.8.1 Special Magnesium Company Information, Head Office, Market Area and Industry Position

10.8.2 Special Magnesium Biodegradable Magnesium Alloy Material Models, Specifications and Application

10.8.3 Special Magnesium Biodegradable Magnesium Alloy Material Sales Volume, Revenue, Price and Gross Margin, 2018-2023

10.8.4 Special Magnesium Company Profile and Main Business

10.8.5 Special Magnesium Recent Developments

10.9 Galvotec

10.9.1 Galvotec Company Information, Head Office, Market Area and Industry Position

10.9.2 Galvotec Biodegradable Magnesium Alloy Material Models, Specifications and Application

10.9.3 Galvotec Biodegradable Magnesium Alloy Material Sales Volume, Revenue, Price and Gross Margin, 2018-2023

10.9.4 Galvotec Company Profile and Main Business

10.9.5 Galvotec Recent Developments

10.10 Dome Metals

10.10.1 Dome Metals Company Information, Head Office, Market Area and Industry Position

10.10.2 Dome Metals Biodegradable Magnesium Alloy Material Models, Specifications and Application

10.10.3 Dome Metals Biodegradable Magnesium Alloy Material Sales Volume, Revenue, Price and Gross Margin, 2018-2023

10.10.4 Dome Metals Company Profile and Main Business

10.10.5 Dome Metals Recent Developments

10.11 Yuhua

10.11.1 Yuhua Company Information, Head Office, Market Area and Industry Position

10.11.2 Yuhua Biodegradable Magnesium Alloy Material Models, Specifications and Application

10.11.3 Yuhua Biodegradable Magnesium Alloy Material Sales Volume, Revenue, Price and Gross Margin, 2018-2023

10.11.4 Yuhua Company Profile and Main Business

10.11.5 Yuhua Recent Developments

11 Conclusion

12 Appendix

12.1 Research Methodology

12.2 Data Source

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Market Estimation Model

12.4 Disclaimer

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Biodegradable Magnesium Alloy Material Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Why is the Biodegradable Magnesium Alloy Material Market trending toward high growth trajectories?
A dynamic process in the Biodegradable Magnesium Alloy Material Market is initiated by new entrants, including competitors from unrelated industries, in addition to the established players like Magneco, Alloy Magnesium, Baosteel, and others.
Why are some of the most well-known companies left out of the Biodegradable Magnesium Alloy Material Market study?
The Biodegradable Magnesium Alloy Material study includes a diverse group of participants, including both market leaders and up-and-comers. Contact our sales representative to receive a complete list of companies covered in the study.
What are the major applications for Biodegradable Magnesium Alloy Material ?
Biodegradable Magnesium Alloy Material has a wide range of applications, including and others.
What is the estimated size & growth rate of the Biodegradable Magnesium Alloy Material Market?
In recent years, the Biodegradable Magnesium Alloy Material Market has grown at an incredible rate. From 2025 to 2030, the market is expected to grow at a CAGR of yy%.
What trends may have an impact on the Biodegradable Magnesium Alloy Material Market's growth?
A handful of disruptive trends, nevertheless, will have a contradictory and significant impact on the development of the Biodegradable Magnesium Alloy Material Market as well as its distribution among its players
How does the Biodegradable Magnesium Alloy Material Market study reflects the current scenario?
The Biodegradable Magnesium Alloy Material study focuses on shifting market dynamics, geopolitical and regulatory regulations, and key players' strategies to carefully analyze demand at risk across multiple industry categories.