The Metal Magnesium Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Metal Magnesium Market?
The market size of the metal magnesium has significantly increased in recent years. The projection for it is to increase from $4.67 billion in 2024 to $4.97 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 6.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Metal Magnesium Industry?
The global market for metal magnesium is predicted to reach $6.59 billion by 2029, growing at a compound annual growth rate of 7.3%.
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What are the Key Growth Drivers Fueling the Metal Magnesium Market?
The key drivers in the metal magnesium market are:
• Higher demand for magnesium in battery technologies
• Growth within the renewable energy sector
• Expansion of magnesium's usage in 3D printing and additive manufacturing
• Rising awareness and adoption in the construction industry
Global Market Segmentation: Identifying Major Metal Magnesium Industry Segments
The metal magnesium market covered in this report is segmented –
1) By Product: Pure Magnesium, Magnesium Compounds, Magnesium Alloys
2) By Manufacturing Process: Thermal Reduction Process, Electrolyte Process, Recycling
3) By Application: Die Casting, Aluminum Alloys, Titanium Reduction, Iron And Steel Making, Other Applications
4) By End-User Industry: Automotive, Aerospace, Electronics, Sports, Medical, Other End User
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What are the Emerging Trends Shaping the Future of the Metal Magnesium Market?
The key trends in the automotive scroll e-compressor market are:
• There is a growing trend towards using magnesium in battery technologies and renewable energy sectors.
• Expanding applications of magnesium in 3D printing and additive manufacturing are increasingly shaping the market.
• The adoption of magnesium in the construction industry due to its improved properties is a key trend.
• Emphasis on sustainable and eco-friendly magnesium production, along with collaborations for cross-applications of magnesium, are significant emerging trends.
Who Are the Top Competitors & Leading Players in the Metal Magnesium Market?
Major companies in the metal magnesium market are:
• Alliance Magnesium Inc.
• Wenxi YinGuang Magnesium Industry Co. Ltd.
• Nippon Kinzoku Co. Ltd.
• POSCO India Pvt. Ltd.
• Taiyuan Tongxiang Magnesium Co. Ltd.
• US Magnesium LLC
• Dead Sea Magnesium Ltd.
• Nanjing Yunhai Special Metals Co. Ltd.
• Solikamsk Magnesium Works OAO
• IMA Industrial S/A
• Shanxi Bada Magnesium Co. Ltd.
• Western Magnesium Corporation
• Fu Gu Yi De Magnesium Alloy Co. Ltd.
• American Magnesium LLC
• Shanxi Shuifa Zhenxin Magnesium Industry Co. Ltd.
• Metallic Corporation of India
• Jayesh Industries Ltd.
• Magontec Ltd.
• Esan Eczacibasi Holding A. S
• Shanghai Sunglow Investment (Group) Co. Ltd.
• Latrobe Magnesium Ltd.
• Baoji Yuhang Nonferrous Metal Co. Ltd.
• Nantong Changhai Magnesium Alloy Co. Ltd.
• Qinghai West Magnesium Mining Co. Ltd.
• China Magnesium Corporation
Regional Dominance: Which Area Leads the Global Metal Magnesium Market?
Asia-Pacific was the largest region in the metal magnesium market in 2024
