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Magnesium Metal Market, By Application (Die-casting, Aluminum Alloys, Metal Reduction, Desulphurization, Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

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    • US Magnesium LLC
    • Dead Sea Magnesium Ltd.
    • POSCO
    • RIMA Group
    • Solikamsk Magnesium Works OAO
    • Wenxi YinGuang Magnesium Industry(Group) Co., Ltd.
    • Shanxi Wenxi Hongfu Magnesium Co., Ltd.
    • Shanxi Wenxi Zhenxin Magnesium Co., Ltd.
    • Taiyuan Tongxiang Magnesium Co., Ltd.

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LSH 25.07.21

Magnesium Metal Market is estimated to be valued at USD 6.23 Bn in 2025 and is expected to reach USD 11.96 Bn by 2032, growing at a compound annual growth rate (CAGR) of 9.77% from 2025 to 2032.

Report Coverage Report Details
Base Year: 2024 Market Size in 2025: USD 6.23 Bn
Historical Data for: 2020 To 2024 Forecast Period: 2025 To 2032
Forecast Period 2025 to 2032 CAGR: 9.77% 2032 Value Projection: USD 11.96 Bn

Magnesium metal is a type of a light metal which is silvery white in color. Magnesium metal is very light as compared to the other metals used for structural purposes such as aluminum and steel. Moreover, magnesium metal can be derived from various sources such as sea salt or electrolysis of brine solution, as it is one of the most abundantly available element in the world. Magnesium metal also finds its applications across a various end user industries such as production of aluminum alloys and die-castings, owing to its physical properties and low density.

Market Dynamics

The global magnesium metal market has witnessed an increase in growth in terms of revenue, in recent past years, owing to the rising demand of magnesium from the aerospace, automotive, and healthcare industry. This is mainly due to lower weight and superior compressive strength. Furthermore, the surge in growth of automotive and aerospace industries in emerging economies across the globe is further anticipated to provide lucrative growth to global magnesium metal market in the forthcoming years.

On the basis of application, the global magnesium metal market is bifurcated in to aluminum alloys, die-casting, metal reduction, desulphurization and others. Among regions, Asia Pacific is expected to observe substantial growth in term of revenue, during the forecast period, owing to the steady rise in growth of various end user industries such as electronics, automotive, pharmaceutical, and packaging and others.

Key features of the study

  • This report provides in-depth analysis of global magnesium metal market size (USD Bn and Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year,
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players.
  • It profiles leading players in the global magnesium metal market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
  • Key companies covered as a part of this study includes US Magnesium LLC., Dead Sea Magnesium Ltd., POSCO, RIMA Group, Solikamsk Magnesium Works OAO, Wenxi YinGuang Magnesium Industry (Group) Co., Ltd., Shanxi Wenxi Hongfu Magnesium Co., Ltd., Shanxi Wenxi Zhenxin Magnesium Co., Ltd., and Taiyuan Tongxiang Magnesium Co., Ltd.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics.
  • The global magnesium metal market report caters to various stakeholders in this industry including investors, suppliers, global magnesium metal manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global magnesium metal market.

Market Segmentation

  • Global Magnesium Metal Market, By Application
    • Die-casting
    • Aluminum Alloys
    • Metal Reduction
    • Desulphurization
    • Others
  • Global Magnesium Metal Market, By Region
    • North America
    • U.S.
    • Canada
    • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
    • Europe
    • France
    • Germany
    • Italy
    • Spain
    • U.K.
    • Nordic
    • Benelux
    • Russia
    • Poland
    • Rest of Europe
    • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia & New Zealand
    • Rest of Asia Pacific
    • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
    • Africa
    • South Africa
    • North Africa
    • Central Africa
  • Company Profiles
    • US Magnesium LLC
    • Dead Sea Magnesium Ltd.
    • POSCO
    • RIMA Group
    • Solikamsk Magnesium Works OAO
    • Wenxi YinGuang Magnesium Industry (Group) Co., Ltd.
    • Shanxi Wenxi Hongfu Magnesium Co., Ltd.
    • Shanxi Wenxi Zhenxin Magnesium Co., Ltd.
    • Taiyuan Tongxiang Magnesium Co., Ltd.

Table of Contents

1. Research Objectives and Assumptions

  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
      • Supply Side Drivers
      • Demand Side Drivers
      • Economic Drivers
    • Restraints
    • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • PEST Analysis
    • PORTER's Analysis
    • New Product Approvals/Launch
    • Promotion and Marketing Initiatives

4. Global Magnesium Metal Market, By Application, 2020 - 2032 (USD Bn and Tons)

  • Introduction
    • Market Share Analysis, 2025 and 2032 (%)
    • Y-o-Y Growth Analysis, 2021 - 2032
    • Segment Trends
  • Die-casting
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn and Tons)
  • Aluminum Alloys
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn and Tons)
  • Metal Reduction
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn and Tons)
  • Desulphurization
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn and Tons)
  • Others
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn and Tons)

5. Global Magnesium Metal Market, By Region, 2020- 2032 (USD Bn and Tons)

  • Introduction
    • Market Share Analysis, By Region, 2025 and 2032 (%)
    • Y-o-Y Growth Analysis, By Region, 2021 - 2032
  • North America
    • Market Share Analysis, By Country, 2025 and 2032 (%)
    • Y-o-Y Growth Analysis, By Country, 2020 - 2032
      • U.S.
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Canada
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
  • Latin America
    • Market Share Analysis, By Country, 2025 and 2032 (%)
    • Y-o-Y Growth Analysis, By Country, 2020 - 2032
      • Brazil
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Argentina
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Mexico
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Rest of Latin America
        • Sub-region/Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
  • Europe
    • Market Share Analysis, By Country, 2025 and 2032 (%)
    • Y-o-Y Growth Analysis, By Country, 2020 - 2032
      • France
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Germany
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Italy
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Spain
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • U.K.
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Nordic
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Benelux
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Russia
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Poland
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Rest of Europe
        • Sub-region/Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
  • Asia Pacific
    • Market Share Analysis, By Country, 2025 and 2032 (%)
    • Y-o-Y Growth Analysis, By Country, 2020 - 2032
      • China
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • India
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Japan
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Oceania
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • ASEAN
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Rest of Asia Pacific
        • Sub-region/Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
  • Middle East & Africa
    • Market Share Analysis, By Country/ Sub-region, 2025 and 2032 (%)
    • Y-o-Y Growth Analysis, By Country/ Sub-region, 2020 - 2032
      • GCC
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • South Africa
        • Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
      • Rest of Middle East & Africa
        • Sub-region/Country Trends
        • Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)

6. Competitive Landscape

  • Market Share Analysis
  • Company Profiles
    • US Magnesium LLC
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • Dead Sea Magnesium Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • POSCO
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • RIMA Group
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • Solikamsk Magnesium Works OAO
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • Wenxi YinGuang Magnesium Industry (Group) Co., Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • Shanxi Wenxi Hongfu Magnesium Co., Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • Shanxi Wenxi Zhenxin Magnesium Co., Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • Taiyuan Tongxiang Magnesium Co., Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans

7. References

  • Research Methodology
  • About us and Sales Contact
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