Thailand Magnesium Market (2025-2031) Outlook | Revenue, Growth, Trends, Analysis, Companies, Share, Value, Forecast, Size & Industry

Thailand Magnesium Market Synopsis

The magnesium market in Thailand was valued at USD 2 billion in 2025 and it is projected to grow at a compound annual growth rate (CAGR) of 3% from 2025-2031 due to rising global magnesium prices driven by higher production costs due primarily to metal ore shortages resulting from major mining operations shutdowns amid pandemic disruption. Additionally, increasing consumer preference for lightweight automotive components made out of magnesium alloys will further boost market growth over the coming years as well as expanding application potential into other areas such as aerospace engineering, sports equipment manufacture, etc., which could also drive up magnesium consumption significantly; these trends should continue providing strong support for the country?s domestic industry even if there are signs that global markets may soften amidst macroeconomic uncertainty caused by COVID-19 outbreaks worldwide.

Drivers of the Market

The Thailand magnesium market is fueled by its applications in industries like automotive, aerospace, and electronics, where magnesium`s lightweight and strong properties contribute to improved fuel efficiency, reduced emissions, and enhanced performance.

Challenges of the Market

The Thailand magnesium market encounters challenges related to energy consumption and environmental impacts. Magnesium production is energy-intensive, and concerns about carbon emissions necessitate innovations in energy-efficient production methods. Balancing economic viability with sustainability is a key challenge faced by magnesium producers.

COVID-19 Impact on the Market

Supply chain disruptions impacted the availability of magnesium, affecting industries that rely on this metal, including automotive, aerospace, and electronics. Reduced demand from these industries further contributed to the market challenges.

Key Players in the Market

For the Thailand magnesium market, players like Thai Central Metal Powder Co., Ltd., are involved in producing and supplying magnesium products used in metallurgical and industrial applications.

Key Highlights of the Report:

• Thailand Magnesium Market Outlook
• Market Size of Thailand Magnesium Market, 2024
• Forecast of Thailand Magnesium Market, 2031
• Historical Data and Forecast of Thailand Magnesium Revenues & Volume for the Period 2021-2031
• Thailand Magnesium Market Trend Evolution
• Thailand Magnesium Market Drivers and Challenges
• Thailand Magnesium Price Trends
• Thailand Magnesium Porter's Five Forces
• Thailand Magnesium Industry Life Cycle
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Manufacturing Process for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Thermal Reduction Process for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Electrolytic Process for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Recycling for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Product for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Pure Magnesium for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Magnesium Compounds for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Magnesium Alloys for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Die casting for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Aluminum alloys for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Titanium reduction for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Iron & steelmaking for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By others for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By End-Use Industry for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Aerospace & Defense for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Automotive for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Construction for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Medical and Healthcare for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Packaging for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By Electronics for the Period 2021-2031
• Historical Data and Forecast of Thailand Magnesium Market Revenues & Volume By others for the Period 2021-2031
• Thailand Magnesium Import Export Trade Statistics
• Market Opportunity Assessment By Manufacturing Process
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By End-Use Industry
• Thailand Magnesium Top Companies Market Share
• Thailand Magnesium Competitive Benchmarking By Technical and Operational Parameters
• Thailand Magnesium Company Profiles
• Thailand Magnesium Key Strategic Recommendations