| Product Code: ETC4860089 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Belgium`s magnesium import market in 2024 continued to be dominated by key suppliers such as the Netherlands, China, Germany, Luxembourg, and the UK. Despite a high Herfindahl-Hirschman Index indicating market concentration, the compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 9.56%. However, there was a notable decline in growth from 2023 to 2024, with a negative growth rate of -32.76%. This shift highlights potential challenges or shifts in the magnesium import landscape that businesses in Belgium should monitor closely.

The Magnesium market in Belgium is projected to grow at a growing growth rate of 5.08% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

The magnesium oxide market in Belgium is growing, supported by its use in refractory materials, agricultural products, and environmental applications. Its role in steel production and as a soil amendment is driving demand.
The magnesium oxide market in Belgium is expanding with the demand for this compound used in applications such as refractory materials, agriculture, and pharmaceuticals. Magnesium oxide is valued for its versatility and functional properties. Belgiums focus on industrial efficiency and advancements in magnesium processing technologies support market growth. Increasing applications and demand for magnesium oxide drive market development.
The magnesium oxide market in Belgium encounters challenges related to raw material costs and regulatory compliance. Magnesium oxide, used in applications such as refractories and agricultural products, depends on the availability of magnesium sources. Ensuring adherence to environmental and safety regulations adds complexity to market operations. Managing raw material costs while maintaining product quality is crucial for market participants.
Government policies in Belgium support the broader magnesium market by promoting sustainable mining and production practices. Financial assistance for research and development in advanced magnesium technologies drives innovation. Regulations ensuring environmental safety and performance standards foster market growth and adoption.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Magnesium Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Magnesium Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Magnesium Market - Industry Life Cycle |
3.4 Belgium Magnesium Market - Porter's Five Forces |
3.5 Belgium Magnesium Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.6 Belgium Magnesium Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Belgium Magnesium Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Belgium Magnesium Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 Belgium Magnesium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the health benefits of magnesium |
4.2.2 Growing demand for magnesium in industries such as automotive, aerospace, and healthcare |
4.2.3 Favorable government regulations promoting the use of magnesium in various applications |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in magnesium production |
4.3.2 Competition from alternative materials like aluminum and steel |
4.3.3 Environmental concerns related to magnesium mining and production |
5 Belgium Magnesium Market Trends |
6 Belgium Magnesium Market Segmentations |
6.1 Belgium Magnesium Market, By Manufacturing Process |
6.1.1 Overview and Analysis |
6.1.2 Belgium Magnesium Market Revenues & Volume, By Thermal Reduction Process, 2021-2031F |
6.1.3 Belgium Magnesium Market Revenues & Volume, By Electrolytic Process, 2021-2031F |
6.1.4 Belgium Magnesium Market Revenues & Volume, By Recycling, 2021-2031F |
6.2 Belgium Magnesium Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Belgium Magnesium Market Revenues & Volume, By Pure Magnesium, 2021-2031F |
6.2.3 Belgium Magnesium Market Revenues & Volume, By Magnesium Compounds, 2021-2031F |
6.2.4 Belgium Magnesium Market Revenues & Volume, By Magnesium Alloys, 2021-2031F |
6.2.5 Belgium Magnesium Market Revenues & Volume, By Others, 2021-2031F |
6.3 Belgium Magnesium Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Belgium Magnesium Market Revenues & Volume, By Die casting, 2021-2031F |
6.3.3 Belgium Magnesium Market Revenues & Volume, By Aluminum alloys, 2021-2031F |
6.3.4 Belgium Magnesium Market Revenues & Volume, By Titanium reduction, 2021-2031F |
6.3.5 Belgium Magnesium Market Revenues & Volume, By Iron & steelmaking, 2021-2031F |
6.3.6 Belgium Magnesium Market Revenues & Volume, By others, 2021-2031F |
6.4 Belgium Magnesium Market, By End-Use Industry |
6.4.1 Overview and Analysis |
6.4.2 Belgium Magnesium Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.4.3 Belgium Magnesium Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.4 Belgium Magnesium Market Revenues & Volume, By Construction, 2021-2031F |
6.4.5 Belgium Magnesium Market Revenues & Volume, By Medical and Healthcare, 2021-2031F |
6.4.6 Belgium Magnesium Market Revenues & Volume, By Packaging, 2021-2031F |
6.4.7 Belgium Magnesium Market Revenues & Volume, By Electronics, 2021-2031F |
7 Belgium Magnesium Market Import-Export Trade Statistics |
7.1 Belgium Magnesium Market Export to Major Countries |
7.2 Belgium Magnesium Market Imports from Major Countries |
8 Belgium Magnesium Market Key Performance Indicators |
8.1 Average selling price of magnesium products in Belgium |
8.2 Number of new applications using magnesium in different industries |
8.3 Research and development investments in magnesium technology and innovation |
9 Belgium Magnesium Market - Opportunity Assessment |
9.1 Belgium Magnesium Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.2 Belgium Magnesium Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Belgium Magnesium Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Belgium Magnesium Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 Belgium Magnesium Market - Competitive Landscape |
10.1 Belgium Magnesium Market Revenue Share, By Companies, 2024 |
10.2 Belgium Magnesium Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |