Global Magnesium Market (2025-2031) | Investment Trends, Growth, Pricing Analysis, Competitive, Revenue, Forecast, Segmentation, Size, Value, Competition, Trends, Analysis, Share, Consumer Insights, Demand, Companies, Opportunities, Challenges, Strategic Insights, Industry, Strategy, Drivers, Outlook, Supply, Segments, Restraints

Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia Pacific and Africa), By Manufacturing Process (Thermal Reduction Process, Electrolytic Process, Recycling), By Product (Pure Magnesium, Magnesium Compounds, Magnesium Alloys, Others), By Application (Die casting, Aluminum alloys, Titanium reduction, Iron & steelmaking, others), By End-Use Industry (Aerospace & Defense, Automotive, Construction, Medical and Healthcare, Packaging, Electronics, others) And Competitive Landscape

Product Code: ETC13224770 Publication Date: Apr 2025 Updated Date: Jun 2025 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 190 No. of Figures: 80 No. of Tables: 40

Global Magnesium Market Size & Growth Rate

According to 6Wresearch internal database and industry insights, the Global Magnesium Market was valued at approximately USD 8.3 billion in 2024 and is projected to reach USD 13.2 billion by 2031, growing at a CAGR of 7.5% during the forecast period of 2025-2031.

Global Magnesium Market Highlights

Report Name Global Magnesium Market
Forecast Period 2025 - 2031
CGAR 7.5%
Market Size USD 13.2 billion by 2031
Growing Sector Automotive Sector

Topics Covered in the Global Magnesium Market Report

The Global Magnesium Market report thoroughly covers the market by regions, manufacturing process, product, applications, and end-user industry. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Global Magnesium Market Synopsis

The Global Magnesium Market has been experiencing significant advancements in recent years, influenced by its indispensable role in several industrial applications. Magnesium, being lightweight, strong, and highly versatile, serves as a vital element for applications spanning automotive manufacturing, aerospace, electronics, and even healthcare. The ongoing adoption of magnesium in lightweight material development has positioned it as an essential component for industries seeking to reduce weight and improve fuel efficiency without compromising durability.

The Global Magnesium Market is projected to experience robust growth with a CAGR of 7.5% during the forecast period of 2025-2031. The Global Magnesium Market Growth is driven by several key drivers, including the growing demand for lightweight materials in the automotive and aerospace industries. The strict environmental regulations that promote the use of fuel-efficient vehicles have increased the need for magnesium alloys when manufacturing cars. There have also been advancements in the extraction and production technology of magnesium, lowering costs and making it available for a wider range of applications.

Despite these positive drivers, there are several obstacles to the growth of the Global Magnesium Market. One of the biggest challenges facing the industry is reliance on certain regions for the development of raw product, which puts the industry at risk from cuts in the supply chain. Other challenges include the expensive process of producing magnesium and the increasing energy costs of extracting magnesium. The industry also competes with an increasing variety of alternative lightweight materials, such as aluminum and carbon fiber.

Global Magnesium Market Trends

Emerging trends in the Global Magnesium Market highlight the rapid adoption of advanced magnesium alloys with enhanced structural properties. The automotive and electronics industries are increasingly utilizing magnesium to create lighter and more robust products. Another trend is the significant rise in investment toward research and development for eco-friendly magnesium production techniques. Additionally, the construction sector's growing demand for earthquake-resistant materials has reinforced the utilization of magnesium. These trends underscore the material's versatility and its adaptability across diverse industries.

Investment Opportunities in the Global Magnesium Market

The Global Magnesium Market Share is developing into a unique opportunity for investment, especially within the technology-based and sustainable sectors. The growth of electric vehicles (EVs) and the development of magnesium processes for components such as battery housings and lightweight body structures pose great prospects for investors. In addition, the use of recycling technologies for magnesium is also gathering interest as environmental conservation measures increase.

Leading Players of the Global Magnesium Market

The competitive landscape of the Global Magnesium Market is shaped by several leading players who actively contribute to its development.  These include companies such as Magontec Ltd., US Magnesium LLC, Dead Sea Magnesium Ltd., POSCO, and Hart Metals Inc. These players are constantly investing in research and development to enhance the production of high-quality magnesium and expand their market presence.

Government Regulations Introduced in the Global Magnesium Market

Governments worldwide have introduced stringent regulations aimed at curbing the environmental impact of magnesium production. These policies emphasize adopting cleaner production technologies and minimizing carbon emissions. For instance, mandates related to fuel efficiency in the automotive sector indirectly drive the demand for magnesium, given its lightweight properties.

Future Insights of the Global Magnesium Market

The Global Magnesium Industry is expected to see significant progress in the future as technology and sustainability initiatives continue to accelerate. Steady growth will evolve with the ambitions of improving magnesium's applications with electric vehicles, renewable energy applications, and desirable construction materials. With an increased focus on recycling and low-cost production methods, many of these challenges are expected to be resolved, continuing the growth of the Global Magnesium Market. Innovation, efforts, and the environment will define the predicted improvements in the market space.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

Thermal Reduction Process to Dominate the Market- By Manufacturing Process

The thermal reduction process is expected to dominate the Global Magnesium Market in the coming years. This process, which primarily includes the Pidgeon process, is widely used due to its relatively low cost and the abundance of raw materials, such as dolomite and ferrosilicon, required for production.

Magnesium Alloys to Dominate the Market- By Product

The Magnesium alloys segment is anticipated to dominate the Global Magnesium Market in the coming years. This dominance can be attributed to the rising demand for lightweight materials across various industries, particularly automotive, aerospace, and electronics. 

Die Casting to Dominate the Market- By Application

The Die Casting segment is expected to dominate the Global Magnesium Market in the coming years. This dominance can be attributed to the growing automotive industry and the increasing demand for lightweight materials to improve fuel efficiency and reduce vehicle emissions

Automotive segment to Dominate the Market- By End User Industry

The Automotive segment is expected to dominate the Global Magnesium Market in the coming years. This dominance is primarily driven by the increasing adoption of lightweight materials in the automotive sector to improve fuel efficiency and reduce emissions. 

North America to Dominate the Market- By Regions

According to Yogesh Thapa, Senior Research Analyst, 6Wresearch, the North America is expected to dominate the Global Magnesium Market in the coming years due to its robust industrial base and increasing demand across key sectors such as aerospace, automotive, and healthcare.

Key Attractiveness of the Report

  • 10 Years of Market Numbers.
  • Historical Data Starting from 2021 to 2024.
  • Base Year: 2024
  • Forecast Data until 2031.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Global Magnesium Market Outlook
  • Market Size of Global Magnesium Market, 2024
  • Forecast of Global Magnesium Market, 2031
  • Historical Data and Forecast of Global Magnesium Revenues & Volume for the Period 2021 - 2031
  • Global Magnesium Market Trend Evolution
  • Global Magnesium Market Drivers and Challenges
  • Global Magnesium Price Trends
  • Global Magnesium Porter's Five Forces
  • Global Magnesium Industry Life Cycle
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Manufacturing Process for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Thermal Reduction Process for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Electrolytic Process for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Recycling for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Pure Magnesium for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Magnesium Compounds for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Magnesium Alloys for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Die casting for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Aluminum alloys for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Titanium reduction for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Iron & steelmaking for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By others for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By End-Use Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Aerospace & Defense for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Automotive for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Medical and Healthcare for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Packaging for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By Electronics for the Period 2021 - 2031
  • Historical Data and Forecast of Global Magnesium Market Revenues & Volume By others for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Manufacturing Process for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Thermal Reduction Process for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Electrolytic Process for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Recycling for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Pure Magnesium for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Magnesium Compounds for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Magnesium Alloys for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Die casting for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Aluminum alloys for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Titanium reduction for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Iron & steelmaking for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By others for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By End-Use Industry for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Aerospace & Defense for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Automotive for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Medical and Healthcare for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Packaging for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By Electronics for the Period 2021 - 2031
  • Historical Data and Forecast of North America Magnesium Market Revenues & Volume By others for the Period 2021 - 2031
  • Historical Data and Forecast of United States of America Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Canada Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of North America Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Manufacturing Process for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Thermal Reduction Process for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Electrolytic Process for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Recycling for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Pure Magnesium for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Magnesium Compounds for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Magnesium Alloys for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Die casting for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Aluminum alloys for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Titanium reduction for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Iron & steelmaking for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By others for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By End-Use Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Aerospace & Defense for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Automotive for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Medical and Healthcare for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Packaging for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By Electronics for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Magnesium Market Revenues & Volume By others for the Period 2021 - 2031
  • Historical Data and Forecast of Brazil Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Mexico Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Argentina Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of LATAM Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Manufacturing Process for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Thermal Reduction Process for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Electrolytic Process for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Recycling for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Pure Magnesium for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Magnesium Compounds for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Magnesium Alloys for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Die casting for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Aluminum alloys for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Titanium reduction for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Iron & steelmaking for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By others for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By End-Use Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Aerospace & Defense for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Automotive for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Medical and Healthcare for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Packaging for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By Electronics for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Magnesium Market Revenues & Volume By others for the Period 2021 - 2031
  • Historical Data and Forecast of China Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of India Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Japan Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Asia Pacific Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Manufacturing Process for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Thermal Reduction Process for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Electrolytic Process for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Recycling for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Pure Magnesium for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Magnesium Compounds for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Magnesium Alloys for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Die casting for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Aluminum alloys for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Titanium reduction for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Iron & steelmaking for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By others for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By End-Use Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Aerospace & Defense for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Automotive for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Medical and Healthcare for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Packaging for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By Electronics for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Magnesium Market Revenues & Volume By others for the Period 2021 - 2031
  • Historical Data and Forecast of South Africa Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Nigeria Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Egypt Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Africa Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Manufacturing Process for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Thermal Reduction Process for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Electrolytic Process for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Recycling for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Pure Magnesium for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Magnesium Compounds for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Magnesium Alloys for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Die casting for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Aluminum alloys for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Titanium reduction for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Iron & steelmaking for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By others for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By End-Use Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Aerospace & Defense for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Automotive for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Medical and Healthcare for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Packaging for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By Electronics for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Magnesium Market Revenues & Volume By others for the Period 2021 - 2031
  • Historical Data and Forecast of United Kingdom Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of France Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Germany Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Europe Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Manufacturing Process for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Thermal Reduction Process for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Electrolytic Process for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Recycling for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Pure Magnesium for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Magnesium Compounds for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Magnesium Alloys for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Die casting for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Aluminum alloys for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Titanium reduction for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Iron & steelmaking for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By others for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By End-Use Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Aerospace & Defense for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Automotive for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Medical and Healthcare for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Packaging for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By Electronics for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Magnesium Market Revenues & Volume By others for the Period 2021 - 2031
  • Historical Data and Forecast of Saudi Arabia Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of UAE Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Turkey Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Middle East Magnesium Market Revenues & Volume for the Period 2021 - 2031
  • Global Magnesium Market - Key Performance Indicators
  • Global Magnesium Market - Import Export Trade Statistics
  • Global Magnesium Market - Opportunity Assessment By Countries
  • Global Magnesium Market - Opportunity Assessment By Manufacturing Process
  • Global Magnesium Market - Opportunity Assessment By Product
  • Global Magnesium Market - Opportunity Assessment By Application
  • Global Magnesium Market - Opportunity Assessment By End-Use Industry
  • Global Magnesium Market - Top Companies Market Share
  • Global Magnesium Market - Top Companies Profiles
  • Global Magnesium Market - Comparison of Players in Technical and Operating Parameters
  • Global Magnesium Market - Strategic Recommendations

Markets Covered

The Market Report includes the following segments:

By Regions

  • North America
  • Europe
  • LATAM
  • Middle East
  • Asia Pacific
  • Africa

By Manufacturing Process

  • Thermal Reduction Process
  • Electrolytic Process
  • Recycling

By Product

  • Pure Magnesium
  • Magnesium Compounds
  • Magnesium Alloys
  • Others

By Application

  • Die Casting
  • Aluminum Alloys
  • Titanium Reduction
  • Iron & Steelmaking
  • Others

By End-Use Industry

  • Aerospace & Defense
  • Automotive
  • Construction
  • Medical and Healthcare
  • Packaging
  • Electronics
  • Others

Global Magnesium Market (2025-2031) : FAQs

The Global Magnesium Market is projected to grow at a CAGR of 7.5% during the forecast period.
The Global Magnesium Market size was estimated at USD 8.3 billion in 2024 and is anticipated to reach USD 13.2 billion by 2031.
The market growth is primarily driven by increasing demand across industries such as automotive, aerospace, and electronics due to its lightweight and high-strength properties.
The North American region dominates the Global Magnesium Market.
Some key challenges include fluctuating raw material prices, environmental concerns related to extraction processes, and competition from alternative materials.
6Wresearch actively monitors the Global Magnesium Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Global Magnesium Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
Global Magnesium Market
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 Global Magnesium Market Overview
3.1 Global Regional Macro Economic Indicators
3.2 Global Magnesium Market Revenues & Volume, 2021 & 2031F
3.3 Global Magnesium Market - Industry Life Cycle
3.4 Global Magnesium Market - Porter's Five Forces
3.5 Global Magnesium Market Revenues & Volume Share, By Regions, 2021 & 2031F
3.6 Global Magnesium Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F
3.7 Global Magnesium Market Revenues & Volume Share, By Product, 2021 & 2031F
3.8 Global Magnesium Market Revenues & Volume Share, By Application, 2021 & 2031F
3.9 Global Magnesium Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F
4 Global Magnesium Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Global Magnesium Market Trends
6 Global Magnesium Market, 2021 - 2031
6.1 Global Magnesium Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031
6.1.1 Overview & Analysis
6.1.2 Global Magnesium Market, Revenues & Volume, By Thermal Reduction Process, 2021 - 2031
6.1.3 Global Magnesium Market, Revenues & Volume, By Electrolytic Process, 2021 - 2031
6.1.4 Global Magnesium Market, Revenues & Volume, By Recycling, 2021 - 2031
6.2 Global Magnesium Market, Revenues & Volume, By Product, 2021 - 2031
6.2.1 Overview & Analysis
6.2.2 Global Magnesium Market, Revenues & Volume, By Pure Magnesium, 2021 - 2031
6.2.3 Global Magnesium Market, Revenues & Volume, By Magnesium Compounds, 2021 - 2031
6.2.4 Global Magnesium Market, Revenues & Volume, By Magnesium Alloys, 2021 - 2031
6.2.5 Global Magnesium Market, Revenues & Volume, By Others, 2021 - 2031
6.3 Global Magnesium Market, Revenues & Volume, By Application, 2021 - 2031
6.3.1 Overview & Analysis
6.3.2 Global Magnesium Market, Revenues & Volume, By Die casting, 2021 - 2031
6.3.3 Global Magnesium Market, Revenues & Volume, By Aluminum alloys, 2021 - 2031
6.3.4 Global Magnesium Market, Revenues & Volume, By Titanium reduction, 2021 - 2031
6.3.5 Global Magnesium Market, Revenues & Volume, By Iron & steelmaking, 2021 - 2031
6.3.6 Global Magnesium Market, Revenues & Volume, By others, 2021 - 2031
6.4 Global Magnesium Market, Revenues & Volume, By End-Use Industry, 2021 - 2031
6.4.1 Overview & Analysis
6.4.2 Global Magnesium Market, Revenues & Volume, By Aerospace & Defense, 2021 - 2031
6.4.3 Global Magnesium Market, Revenues & Volume, By Automotive, 2021 - 2031
6.4.4 Global Magnesium Market, Revenues & Volume, By Construction, 2021 - 2031
6.4.5 Global Magnesium Market, Revenues & Volume, By Medical and Healthcare, 2021 - 2031
6.4.6 Global Magnesium Market, Revenues & Volume, By Packaging, 2021 - 2031
6.4.7 Global Magnesium Market, Revenues & Volume, By Electronics, 2021 - 2031
6.4.8 Global Magnesium Market, Revenues & Volume, By others, 2021 - 2031
7 North America Magnesium Market, Overview & Analysis
7.1 North America Magnesium Market Revenues & Volume, 2021 - 2031
7.2 North America Magnesium Market, Revenues & Volume, By Countries, 2021 - 2031
7.2.1 United States (US) Magnesium Market, Revenues & Volume, 2021 - 2031
7.2.2 Canada Magnesium Market, Revenues & Volume, 2021 - 2031
7.2.3 Rest of North America Magnesium Market, Revenues & Volume, 2021 - 2031
7.3 North America Magnesium Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031
7.4 North America Magnesium Market, Revenues & Volume, By Product, 2021 - 2031
7.5 North America Magnesium Market, Revenues & Volume, By Application, 2021 - 2031
7.6 North America Magnesium Market, Revenues & Volume, By End-Use Industry, 2021 - 2031
8 Latin America (LATAM) Magnesium Market, Overview & Analysis
8.1 Latin America (LATAM) Magnesium Market Revenues & Volume, 2021 - 2031
8.2 Latin America (LATAM) Magnesium Market, Revenues & Volume, By Countries, 2021 - 2031
8.2.1 Brazil Magnesium Market, Revenues & Volume, 2021 - 2031
8.2.2 Mexico Magnesium Market, Revenues & Volume, 2021 - 2031
8.2.3 Argentina Magnesium Market, Revenues & Volume, 2021 - 2031
8.2.4 Rest of LATAM Magnesium Market, Revenues & Volume, 2021 - 2031
8.3 Latin America (LATAM) Magnesium Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031
8.4 Latin America (LATAM) Magnesium Market, Revenues & Volume, By Product, 2021 - 2031
8.5 Latin America (LATAM) Magnesium Market, Revenues & Volume, By Application, 2021 - 2031
8.6 Latin America (LATAM) Magnesium Market, Revenues & Volume, By End-Use Industry, 2021 - 2031
9 Asia Magnesium Market, Overview & Analysis
9.1 Asia Magnesium Market Revenues & Volume, 2021 - 2031
9.2 Asia Magnesium Market, Revenues & Volume, By Countries, 2021 - 2031
9.2.1 India Magnesium Market, Revenues & Volume, 2021 - 2031
9.2.2 China Magnesium Market, Revenues & Volume, 2021 - 2031
9.2.3 Japan Magnesium Market, Revenues & Volume, 2021 - 2031
9.2.4 Rest of Asia Magnesium Market, Revenues & Volume, 2021 - 2031
9.3 Asia Magnesium Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031
9.4 Asia Magnesium Market, Revenues & Volume, By Product, 2021 - 2031
9.5 Asia Magnesium Market, Revenues & Volume, By Application, 2021 - 2031
9.6 Asia Magnesium Market, Revenues & Volume, By End-Use Industry, 2021 - 2031
10 Africa Magnesium Market, Overview & Analysis
10.1 Africa Magnesium Market Revenues & Volume, 2021 - 2031
10.2 Africa Magnesium Market, Revenues & Volume, By Countries, 2021 - 2031
10.2.1 South Africa Magnesium Market, Revenues & Volume, 2021 - 2031
10.2.2 Egypt Magnesium Market, Revenues & Volume, 2021 - 2031
10.2.3 Nigeria Magnesium Market, Revenues & Volume, 2021 - 2031
10.2.4 Rest of Africa Magnesium Market, Revenues & Volume, 2021 - 2031
10.3 Africa Magnesium Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031
10.4 Africa Magnesium Market, Revenues & Volume, By Product, 2021 - 2031
10.5 Africa Magnesium Market, Revenues & Volume, By Application, 2021 - 2031
10.6 Africa Magnesium Market, Revenues & Volume, By End-Use Industry, 2021 - 2031
11 Europe Magnesium Market, Overview & Analysis
11.1 Europe Magnesium Market Revenues & Volume, 2021 - 2031
11.2 Europe Magnesium Market, Revenues & Volume, By Countries, 2021 - 2031
11.2.1 United Kingdom Magnesium Market, Revenues & Volume, 2021 - 2031
11.2.2 Germany Magnesium Market, Revenues & Volume, 2021 - 2031
11.2.3 France Magnesium Market, Revenues & Volume, 2021 - 2031
11.2.4 Rest of Europe Magnesium Market, Revenues & Volume, 2021 - 2031
11.3 Europe Magnesium Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031
11.4 Europe Magnesium Market, Revenues & Volume, By Product, 2021 - 2031
11.5 Europe Magnesium Market, Revenues & Volume, By Application, 2021 - 2031
11.6 Europe Magnesium Market, Revenues & Volume, By End-Use Industry, 2021 - 2031
12 Middle East Magnesium Market, Overview & Analysis
12.1 Middle East Magnesium Market Revenues & Volume, 2021 - 2031
12.2 Middle East Magnesium Market, Revenues & Volume, By Countries, 2021 - 2031
12.2.1 Saudi Arabia Magnesium Market, Revenues & Volume, 2021 - 2031
12.2.2 UAE Magnesium Market, Revenues & Volume, 2021 - 2031
12.2.3 Turkey Magnesium Market, Revenues & Volume, 2021 - 2031
12.3 Middle East Magnesium Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031
12.4 Middle East Magnesium Market, Revenues & Volume, By Product, 2021 - 2031
12.5 Middle East Magnesium Market, Revenues & Volume, By Application, 2021 - 2031
12.6 Middle East Magnesium Market, Revenues & Volume, By End-Use Industry, 2021 - 2031
13 Global Magnesium Market Key Performance Indicators
14 Global Magnesium Market - Export/Import By Countries Assessment
15 Global Magnesium Market - Opportunity Assessment
15.1 Global Magnesium Market Opportunity Assessment, By Countries, 2021 & 2031F
15.2 Global Magnesium Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F
15.3 Global Magnesium Market Opportunity Assessment, By Product, 2021 & 2031F
15.4 Global Magnesium Market Opportunity Assessment, By Application, 2021 & 2031F
15.5 Global Magnesium Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F
16 Global Magnesium Market - Competitive Landscape
16.1 Global Magnesium Market Revenue Share, By Companies, 2024
16.2 Global Magnesium Market Competitive Benchmarking, By Operating and Technical Parameters
17 Top 10 Company Profiles
18 Recommendations
19 Disclaimer
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