Tools commonly used in the Magnesium & Magnesium Products (Manufacturing) industry for day-to-day tasks and operations.

• Magnesium casting machines
• Extrusion presses
• Forging hammers
• CNC machines
• Welding equipment
• Cutting tools
• Grinding machines
• Sandblasting equipment
• Heat treatment furnaces
• Inspection equipment

Common products and services typical of NAICS Code 332999-08, illustrating the main business activities and contributions to the market.

• Magnesium alloy wheels
• Magnesium die castings
• Magnesium extrusions
• Magnesium forgings
• Magnesium sheet metal
• Magnesium anodes
• Magnesium rods
• Magnesium plates
• Magnesium tubes
• Magnesium profiles

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
• AS9100: This certification is specific to the aerospace industry and ensures that the company has a quality management system in place that meets industry-specific standards. It is provided by the International Aerospace Quality Group (IAQG).
• NADCAP: This certification is specific to the aerospace industry and ensures that the company meets industry-specific standards for special processes such as heat treating, welding, and non-destructive testing. It is provided by the Performance Review Institute (PRI).
• OSHA: This certification ensures that the company is compliant with Occupational Safety and Health Administration (OSHA) regulations and provides a safe working environment for employees.
• EPA: This certification ensures that the company is compliant with Environmental Protection Agency (EPA) regulations and is environmentally responsible.

A concise historical narrative of NAICS Code 332999-08 covering global milestones and recent developments within the United States.

• Magnesium is a lightweight metal that has been used for various purposes throughout history. The first recorded use of magnesium dates back to the 17th century when a farmer in Epsom, England, discovered a bitter-tasting, mineral-rich water that was later found to contain magnesium sulfate. In the early 19th century, Sir Humphry Davy, an English chemist, isolated magnesium from its oxide, and by the end of the century, the metal was being produced on a commercial scale. During World War II, magnesium was in high demand for military applications, such as aircraft construction and incendiary bombs. In recent years, magnesium has been used in the automotive industry to reduce the weight of vehicles and improve fuel efficiency. In the United States, the magnesium industry has faced several challenges in recent history. In the 1990s, the industry was hit hard by competition from China, which was able to produce magnesium at a lower cost due to lower labor costs and less stringent environmental regulations. In 2001, the United States imposed anti-dumping duties on Chinese magnesium, which helped to level the playing field. However, the industry has continued to face challenges, including rising energy costs and a lack of investment in new production facilities. Despite these challenges, the industry has remained an important source of high-quality magnesium products for a variety of applications.

The anticipated future trajectory of the NAICS 332999-08 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Magnesium & Magnesium Products (Manufacturing) industry in the USA is positive. The industry is expected to grow due to the increasing demand for magnesium alloys in the automotive and aerospace industries. The lightweight and high-strength properties of magnesium alloys make them an attractive alternative to steel and aluminum. Additionally, the increasing demand for magnesium-based products in the electronics industry is expected to drive growth in the industry. However, the industry may face challenges due to the volatility of magnesium prices and the availability of raw materials. Overall, the industry is expected to experience steady growth in the coming years.

Recent groundbreaking advancements and milestones in the Magnesium & Magnesium Products (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.

• Magnesium Alloys for Lightweight Automotive Parts: Magnesium alloys are being used to manufacture lightweight automotive parts, such as instrument panels, seat frames, and steering wheels. This helps to reduce the weight of vehicles, which in turn improves fuel efficiency and reduces emissions.
• Magnesium-Based Batteries: Magnesium-based batteries have the potential to be more efficient and cost-effective than traditional lithium-ion batteries. Researchers are currently working on developing magnesium-based batteries for use in electric vehicles and other applications.
• Magnesium-Based Medical Implants: Magnesium alloys are being used to manufacture medical implants, such as screws and plates, due to their biocompatibility and biodegradability. This reduces the risk of complications and the need for additional surgeries.
• Magnesium-Based Flame Retardants: Magnesium-based flame retardants are being used as a safer and more environmentally friendly alternative to traditional flame retardants, which can be toxic and harmful to the environment.
• Magnesium-Based Desalination Technology: Researchers are exploring the use of magnesium-based materials for desalination technology, which could help to address the global water crisis by providing a more efficient and cost-effective method of producing fresh water from seawater.