Magnesium Market Size in India | Insights, Trends & Growth Analysis 2025

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Code: MTA9989

Publication Date: Oct 2025

What is the growth rate of the India Magnesium Market?

According to 6Wresearch internal database and industry insights, the India Magnesium Market is expanding at a CAGR of 6.7% during the forecast period 2025-2031.

Due to rising demand in various industries such as automotive, aerospace, construction, and agriculture, driven by the increasing use of magnesium alloys and compounds are all the main factors driven by the market.

Key Growth Drivers of the India Magnesium Market

Growing demand for lightweight materials in automotive and aerospace industries
Increased use of magnesium alloys in structural and body parts for vehicles
Rising adoption of magnesium in construction for concrete reinforcement
Increasing demand for magnesium compounds in agriculture as fertilizers
Focus on sustainable, eco-friendly, and energy-efficient materials
Technological advancements in magnesium extraction and processing

India Magnesium Market Trends

The India Magnesium Market is growing due to increasing applications of magnesium in automotive, aerospace, and manufacturing industries. Another big trend is the growing use of magnesium alloys in car parts to make them lighter and more fuel-efficient. Magnesium is also becoming more popular in construction, especially for reinforcing concrete, due to it makes things stronger and last longer. Also, magnesium is being looked into as a possible substitute for other materials as, it has less of an effect on the environment. There is also a push for extraction technologies that are more efficient and environmentally friendly, which should help the market grow.

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Emerging Developments in the India Magnesium Market

Emerging developments in the India Magnesium Market include innovations in alloy formulations to improve performance in high-stress applications like automotive body parts. Research is also focused on enhancing the cost-effectiveness and environmental sustainability of magnesium production. There is a growing trend in the market toward creating new technologies for extracting magnesium, which would lead to more efficient and environmentally friendly production methods. Magnesium is also becoming an important part of making advanced electronics and energy storage systems. The use of magnesium in farming is also growing, especially as a main ingredient in fertilizers and soil conditioners.