| Product Code: ETC4860101 | Publication Date: Nov 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Canada Magnesium Market is poised for steady growth rate improvements from 2025 to 2029. From 4.59% in 2025, the growth rate steadily ascends to 5.09% in 2029.

The magnesium oxide market in Canada is growing due to its use in a wide range of applications, including refractory materials, agriculture, and pharmaceuticals. Magnesium oxide is valued for its high thermal stability and its role in various industrial processes. The market is driven by the increasing use of magnesium oxide in construction materials and its applications in health and wellness products.
The magnesium market in Canada is propelled by its use in a range of applications, including automotive components, aerospace parts, electronics, and industrial materials. The growing focus on lightweight, durable, and recyclable materials in manufacturing is driving demand for magnesium, particularly in sectors aiming to reduce carbon emissions through energy-efficient solutions.
The broader magnesium market in Canada faces challenges related to fluctuating prices of raw materials and the high cost of magnesium production. Ensuring product quality and meeting industry standards while addressing environmental and regulatory concerns is crucial. Additionally, competition from alternative materials and adapting to technological advancements in magnesium applications pose significant challenges. The market must also manage supply chain complexities and focus on sustainability.
The Canadian government supports the magnesium market through regulations that ensure the safe extraction, production, and use of magnesium. Policies emphasize environmental protection and sustainability in magnesium production processes. The government provides funding for research into new applications and advancements in magnesium technologies.
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 Canada Magnesium Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Magnesium Market Revenues & Volume, 2021 & 2031F |
3.3 Canada Magnesium Market - Industry Life Cycle |
3.4 Canada Magnesium Market - Porter's Five Forces |
3.5 Canada Magnesium Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.6 Canada Magnesium Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Canada Magnesium Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Canada Magnesium Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 Canada Magnesium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for magnesium in automotive and aerospace industries due to its lightweight and high-strength properties |
4.2.2 Growing awareness about the benefits of magnesium in healthcare applications such as bone health and muscle function |
4.2.3 Rise in research and development activities for the use of magnesium in renewable energy storage solutions |
4.3 Market Restraints |
4.3.1 Fluctuating prices of magnesium due to supply-demand imbalances and currency exchange rates |
4.3.2 Environmental concerns related to magnesium mining and production processes |
4.3.3 Competition from alternative materials like aluminum and carbon fiber in certain applications |
5 Canada Magnesium Market Trends |
6 Canada Magnesium Market Segmentations |
6.1 Canada Magnesium Market, By Manufacturing Process |
6.1.1 Overview and Analysis |
6.1.2 Canada Magnesium Market Revenues & Volume, By Thermal Reduction Process, 2021-2031F |
6.1.3 Canada Magnesium Market Revenues & Volume, By Electrolytic Process, 2021-2031F |
6.1.4 Canada Magnesium Market Revenues & Volume, By Recycling, 2021-2031F |
6.2 Canada Magnesium Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Canada Magnesium Market Revenues & Volume, By Pure Magnesium, 2021-2031F |
6.2.3 Canada Magnesium Market Revenues & Volume, By Magnesium Compounds, 2021-2031F |
6.2.4 Canada Magnesium Market Revenues & Volume, By Magnesium Alloys, 2021-2031F |
6.2.5 Canada Magnesium Market Revenues & Volume, By Others, 2021-2031F |
6.3 Canada Magnesium Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Canada Magnesium Market Revenues & Volume, By Die casting, 2021-2031F |
6.3.3 Canada Magnesium Market Revenues & Volume, By Aluminum alloys, 2021-2031F |
6.3.4 Canada Magnesium Market Revenues & Volume, By Titanium reduction, 2021-2031F |
6.3.5 Canada Magnesium Market Revenues & Volume, By Iron & steelmaking, 2021-2031F |
6.3.6 Canada Magnesium Market Revenues & Volume, By others, 2021-2031F |
6.4 Canada Magnesium Market, By End-Use Industry |
6.4.1 Overview and Analysis |
6.4.2 Canada Magnesium Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.4.3 Canada Magnesium Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.4 Canada Magnesium Market Revenues & Volume, By Construction, 2021-2031F |
6.4.5 Canada Magnesium Market Revenues & Volume, By Medical and Healthcare, 2021-2031F |
6.4.6 Canada Magnesium Market Revenues & Volume, By Packaging, 2021-2031F |
6.4.7 Canada Magnesium Market Revenues & Volume, By Electronics, 2021-2031F |
7 Canada Magnesium Market Import-Export Trade Statistics |
7.1 Canada Magnesium Market Export to Major Countries |
7.2 Canada Magnesium Market Imports from Major Countries |
8 Canada Magnesium Market Key Performance Indicators |
8.1 Percentage of magnesium used in lightweight vehicle production |
8.2 Number of new healthcare products incorporating magnesium |
8.3 Amount of investment in research and development for magnesium-based energy storage solutions |
9 Canada Magnesium Market - Opportunity Assessment |
9.1 Canada Magnesium Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.2 Canada Magnesium Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Canada Magnesium Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Canada Magnesium Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 Canada Magnesium Market - Competitive Landscape |
10.1 Canada Magnesium Market Revenue Share, By Companies, 2024 |
10.2 Canada Magnesium Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |