Magnesium alloy forging is an important industrial material with low density, excellent strength and excellent corrosion resistance. In recent years, with the development of aerospace, automotive, electronics and other fields, the demand for lightweight materials is increasing, and magnesium alloy forgings are the ideal choice to meet this demand. Magnesium alloy forgings are widely used in aerospace field. Due to its excellent strength-to-weight ratio, magnesium alloys can reduce the weight of aircraft and rockets, improve fuel efficiency, and increase load capacity. At the same time, magnesium alloy also has good impact resistance and vibration absorption ability, which can improve the safety and stability of aircraft. In the automotive industry, magnesium alloy forgings also play an important role. Compared with aluminum alloys, magnesium alloys are lighter, stronger, and have better machinability and formability. By using magnesium alloy forgings, automobile manufacturers can reduce the overall weight of vehicles, improve fuel economy and reduce emissions, thus meeting the requirements of modern automotive energy conservation and environmental protection. In addition, magnesium alloy forgings are also widely used in electronic equipment, construction machinery, sports equipment and other fields. They can be used to make mobile phone casings, computer parts, motorcycle frames, etc., with light weight, high strength, good thermal conductivity and excellent seismic performance. However, magnesium alloy forgings face some challenges and limitations in the production process. First of all, the cost of magnesium alloys is relatively high, mainly due to the scarcity of the magnesium material itself and the difficulty of smelting. In addition, magnesium alloys are susceptible to oxidation and corrosion during processing, and appropriate protective measures need to be taken. At the same time, the weldability and reliability of magnesium alloy also need to be further improved. In order to effectively use the profit growth brought by magnesium alloy forgings, the following aspects can be considered: Improve the production process and technical level: Through continuous improvement of the process, optimize equipment and strengthen personnel training, improve production efficiency and quality, and reduce production costs. Broaden the application field: In addition to the traditional aerospace and automotive fields, magnesium alloy forgings are applied to other industries, such as electronics, energy, medical and other fields, to open up new market space. Strengthen material research and development and innovation: Through the research and development of new magnesium alloy materials, improve their performance, improve their processability and reliability, so as to meet the needs of different industries. Establish cooperative relationship: Establish cooperative partnership with domestic and foreign excellent scientific research institutions, manufacturers and suppliers to jointly promote the development and application of magnesium alloy forgings. In short, magnesium alloy forgings have broad market prospects and potential profit growth space. Through continuous technological innovation and market expansion, its potential can be further explored and better economic and social benefits can be achieved.
