| Product Code: ETC192501 | Publication Date: May 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 |
In 2024, the United Kingdom import trend for magnesium experienced a notable decline, with a growth rate of -50.93% compared to the previous year. The compound annual growth rate (CAGR) for the period 2020-2024 stood at -9.48%. This significant downturn in imports could be attributed to various factors such as shifts in demand dynamics, changes in trade policies, or challenges in the market`s recovery post-pandemic.
This market encompasses the production, distribution, and utilization of magnesium metal, known for its lightweight and high strength. Magnesium is used extensively in the automotive, aerospace, and electronics industries due to its favorable properties.
In the UK, the magnesium market growth is influenced by its diverse industrial applications, including automotive parts, aerospace alloys, and electronic devices. Technological advancements in magnesium extraction and processing, coupled with sustainability initiatives, drive market expansion.
In the broader Magnesium market, challenges include navigating through global supply chain complexities and geopolitical uncertainties affecting raw material availability and pricing. Market players must address environmental concerns related to extraction and processing methods while meeting industrial demand for lightweight alloys and magnesium-based products. Innovating sustainable production practices and diversifying applications across automotive, aerospace, and healthcare sectors remain critical amidst competitive pressures and regulatory compliance requirements.
Government policies in the UK support sustainable mining practices and mineral resource management in the magnesium market. Regulatory bodies promote responsible extraction and trade of magnesium, adhering to environmental regulations and resource conservation policies.
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 United Kingdom (UK) Magnesium Market Overview |
3.1 United Kingdom (UK) Country Macro Economic Indicators |
3.2 United Kingdom (UK) Magnesium Market Revenues & Volume, 2021 & 2031F |
3.3 United Kingdom (UK) Magnesium Market - Industry Life Cycle |
3.4 United Kingdom (UK) Magnesium Market - Porter's Five Forces |
3.5 United Kingdom (UK) Magnesium Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.6 United Kingdom (UK) Magnesium Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 United Kingdom (UK) Magnesium Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 United Kingdom (UK) Magnesium Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 United Kingdom (UK) Magnesium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from automotive and aerospace industries for lightweight materials |
4.2.2 Growing awareness about the benefits of magnesium in healthcare and pharmaceutical sectors |
4.2.3 Favorable government regulations promoting the use of magnesium in various applications |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices affecting production costs |
4.3.2 Limited availability of skilled labor for magnesium processing and manufacturing |
4.3.3 Environmental concerns regarding magnesium mining and extraction processes |
5 United Kingdom (UK) Magnesium Market Trends |
6 United Kingdom (UK) Magnesium Market, By Types |
6.1 United Kingdom (UK) Magnesium Market, By Manufacturing Process |
6.1.1 Overview and Analysis |
6.1.2 United Kingdom (UK) Magnesium Market Revenues & Volume, By Manufacturing Process, 2021-2031F |
6.1.3 United Kingdom (UK) Magnesium Market Revenues & Volume, By Thermal Reduction Process, 2021-2031F |
6.1.4 United Kingdom (UK) Magnesium Market Revenues & Volume, By Electrolytic Process, 2021-2031F |
6.1.5 United Kingdom (UK) Magnesium Market Revenues & Volume, By Recycling, 2021-2031F |
6.2 United Kingdom (UK) Magnesium Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 United Kingdom (UK) Magnesium Market Revenues & Volume, By Pure Magnesium, 2021-2031F |
6.2.3 United Kingdom (UK) Magnesium Market Revenues & Volume, By Magnesium Compounds, 2021-2031F |
6.2.4 United Kingdom (UK) Magnesium Market Revenues & Volume, By Magnesium Alloys, 2021-2031F |
6.2.5 United Kingdom (UK) Magnesium Market Revenues & Volume, By Others, 2021-2031F |
6.3 United Kingdom (UK) Magnesium Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 United Kingdom (UK) Magnesium Market Revenues & Volume, By Die casting, 2021-2031F |
6.3.3 United Kingdom (UK) Magnesium Market Revenues & Volume, By Aluminum alloys, 2021-2031F |
6.3.4 United Kingdom (UK) Magnesium Market Revenues & Volume, By Titanium reduction, 2021-2031F |
6.3.5 United Kingdom (UK) Magnesium Market Revenues & Volume, By Iron & steelmaking, 2021-2031F |
6.3.6 United Kingdom (UK) Magnesium Market Revenues & Volume, By others, 2021-2031F |
6.4 United Kingdom (UK) Magnesium Market, By End-Use Industry |
6.4.1 Overview and Analysis |
6.4.2 United Kingdom (UK) Magnesium Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.4.3 United Kingdom (UK) Magnesium Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.4 United Kingdom (UK) Magnesium Market Revenues & Volume, By Construction, 2021-2031F |
6.4.5 United Kingdom (UK) Magnesium Market Revenues & Volume, By Medical and Healthcare, 2021-2031F |
6.4.6 United Kingdom (UK) Magnesium Market Revenues & Volume, By Packaging, 2021-2031F |
6.4.7 United Kingdom (UK) Magnesium Market Revenues & Volume, By Electronics, 2021-2031F |
7 United Kingdom (UK) Magnesium Market Import-Export Trade Statistics |
7.1 United Kingdom (UK) Magnesium Market Export to Major Countries |
7.2 United Kingdom (UK) Magnesium Market Imports from Major Countries |
8 United Kingdom (UK) Magnesium Market Key Performance Indicators |
8.1 Research and development investments in magnesium technology |
8.2 Adoption rate of magnesium alloys in new product development |
8.3 Regulatory approvals for magnesium applications in different industries |
9 United Kingdom (UK) Magnesium Market - Opportunity Assessment |
9.1 United Kingdom (UK) Magnesium Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.2 United Kingdom (UK) Magnesium Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 United Kingdom (UK) Magnesium Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 United Kingdom (UK) Magnesium Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 United Kingdom (UK) Magnesium Market - Competitive Landscape |
10.1 United Kingdom (UK) Magnesium Market Revenue Share, By Companies, 2024 |
10.2 United Kingdom (UK) Magnesium Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |