Magnesium Photoengraving Plate Sales are Predicted to to Reach US$ 344.9 Million by 2032
Revenue from the global magnesium photoengraving plate market has reached US$ 182 million in 2022 and is predicted to increase at a CAGR of 6.6% to reach US$ 344.9 million by the end of 2032.
Foil stamping application leads revenue generation for magnesium photoengraving plate manufacturers, having accounted for nearly 24% share of the global market at the end of 2021.
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Magnesium photoengraving plates are widely used in foil stamping, embossing, and debossing, which can be then used in packaging and design purposes in various industries. Magnesium plates are cost-effective and time-savers when compared to zinc plates and copper plates, and have an upper hand because of higher etching speed and printing durability as well.
Demand for photoengraving plates has been increasing for pharmaceutical packaging, as well as in the paper, leather, and textile industries for design & labelling purposes.
How is the U.S. Magnesium Photoengraving Plate Market Shaping Up?
The United States magnesium photoengraving plate market is projected to expand at a healthy CAGR of 7.2% over the forecast period. The United States market is valued at US$ 30.7 million and is estimated to reach US$ 61.8 million by the end of 2032.
Magnesium photoengraving plates are used in the food & beverage for packaging and printing logos. Increased demand for packaged food has been a key reason for the growth of the magnesium photoengraving plate market in the United States, as many consumers in the country prefer packaged food.
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Competitive Landscape
Key manufacturers of magnesium photoengraving plate products are providing various types of plates for different applications. Market players are focusing on expertise and professionalism in planning, designing, and providing solutions for different end-use industries.
- Market players are looking to manufacture magnesium plates of various sizes from 1 mm to 7 mm that can be used for different applications.
- Companies manufacturing plates for photoengraving are looking to replace copper and zinc plates with magnesium plates.
- High density, lightweight, no deformation, fast heat transfer, high specific strength, and environmental protection are some of the benefits of magnesium plates for photoengraving.
Fact.MR has provided detailed information about the price points of key manufacturers of magnesium photoengraving plates positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Key Companies Profiled:
- Luxfer MEL Technologies
- SGZ Metals
- EASON New Materials
- CO.FO.Me.GRA. Srl
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Segmentation of Magnesium Photoengraving Plate Industry Research
- By Thickness :
- 1-3 mm Magnesium Photoengraving Plates
- 3-5 mm Magnesium Photoengraving Plates
- 5-7 mm Magnesium Photoengraving Plates
- By Application :
- Foil Stamping
- Hot Foils
- Cold Foils
- Embossing Debossing
- Letterpress Printing
- Thermal Dies
- Flexography
- Rubber Stamps
- Plaques & Awards
- Cash Printing
- Others
- Foil Stamping
Key Questions Covered in the Magnesium Photoengraving Plate Market Report
- What is the projected value of the Magnesium Photoengraving Plate factors Industry in 2022?
- At what rate will the global Magnesium Photoengraving Plate factors market size grow until 2032?
- Which are the factors hampering the growth of Magnesium Photoengraving Plate factors?
- Which region is expected to lead in the global Magnesium Photoengraving Plate factors market By 2032?
- Which are the factors driving the Magnesium Photoengraving Plate factors Industry during the forecast period?
- What is the expected market value of the Magnesium Photoengraving Plate factors market during the forecast period?
Regional Analysis For Magnesium Photoengraving Plate Market:
- APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (USA, Canada and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, United Arab Emirates, South Africa)
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This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on mediarelations@xherald.com.
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