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Magnesium Market 2024-2028

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    Report

  • 175 Pages
  • January 2024
  • Region: Global
  • TechNavio
  • ID: 5027215
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The magnesium market is forecasted to grow by USD 1.58 bn during 2023-2028, accelerating at a CAGR of 5.36% during the forecast period. The report on the magnesium market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high demand for steel from various end-use industries and use of lightweight materials in automotive industry.

The magnesium market is segmented as below:

By Application

  • Die castings
  • Aluminum alloys
  • Iron and steel desulfurization
  • Others

By End-user

  • Aerospace
  • Automotive
  • Electronics
  • Medical
  • Others

By Geographical Landscape

  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa
This study identifies the new production facilities in US and Canada as one of the prime reasons driving the magnesium market growth during the next few years. Also, use of magnesium-based materials in orthopedic implants and emergence of magnesium batteries with enhanced energy storage capabilities will lead to sizable demand in the market.

The report on the magnesium market covers the following areas:

  • Magnesium market sizing
  • Magnesium market forecast
  • Magnesium market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading magnesium market vendors that include Eczacibasi Holding AS, ICL Group Ltd., Latrobe Magnesium Ltd., Mag Specialties Inc., Magontec Ltd., Meridian Lightweight Technologies Inc., NIPPON KINZOKU CO. LTD., POSCO holdings Inc., RIMA INDUSTRIAL, Shaanxi Tianyu Magnesium Industry Group Co. Ltd., Shanghai Regal Metal Materials Co. Ltd., Shanxi Bada Magnesium Co. Ltd., Shanxi Yinguang Huasheng Magnesium Industry Co. Ltd, Smiths Metal Centres Ltd., Southern Magnesium and Chemicals Ltd., STOLFIG LEICHTBAUKEPTENZZENTRUM GMBH, Thermo Fisher Scientific Inc., Tongxiang Magnesium Shanghai Co.Ltd, VSMPO AVISMA Corp., West High Yield Resources, Western Magnesium Corp., and US Magnesium LLC. Also, the magnesium market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global magnesium market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global magnesium market 2018 - 2022 ($ billion)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Die castings - Market size and forecast 2023-2028
Exhibit 34: Chart on Die castings - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Die castings - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Die castings - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Die castings - Year-over-year growth 2023-2028 (%)
6.4 Aluminum alloys - Market size and forecast 2023-2028
Exhibit 38: Chart on Aluminum alloys - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Aluminum alloys - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Aluminum alloys - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Aluminum alloys - Year-over-year growth 2023-2028 (%)
6.5 Iron and steel desulfurization - Market size and forecast 2023-2028
Exhibit 42: Chart on Iron and steel desulfurization - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Iron and steel desulfurization - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Iron and steel desulfurization - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Iron and steel desulfurization - Year-over-year growth 2023-2028 (%)
6.6 Others - Market size and forecast 2023-2028
Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Application
Exhibit 50: Market opportunity by Application ($ billion)
Exhibit 51: Data Table on Market opportunity by Application ($ billion)
7 Market Segmentation by End-user
7.1 Market segments
Exhibit 52: Chart on End-user - Market share 2023-2028 (%)
Exhibit 53: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 54: Chart on Comparison by End-user
Exhibit 55: Data Table on Comparison by End-user
7.3 Aerospace - Market size and forecast 2023-2028
Exhibit 56: Chart on Aerospace - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Aerospace - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Aerospace - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Aerospace - Year-over-year growth 2023-2028 (%)
7.4 Automotive - Market size and forecast 2023-2028
Exhibit 60: Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Automotive - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
7.5 Electronics - Market size and forecast 2023-2028
Exhibit 64: Chart on Electronics - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Data Table on Electronics - Market size and forecast 2023-2028 ($ billion)
Exhibit 66: Chart on Electronics - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Electronics - Year-over-year growth 2023-2028 (%)
7.6 Medical - Market size and forecast 2023-2028
Exhibit 68: Chart on Medical - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Data Table on Medical - Market size and forecast 2023-2028 ($ billion)
Exhibit 70: Chart on Medical - Year-over-year growth 2023-2028 (%)
Exhibit 71: Data Table on Medical - Year-over-year growth 2023-2028 (%)
7.7 Others - Market size and forecast 2023-2028
Exhibit 72: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 74: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 75: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by End-user
Exhibit 76: Market opportunity by End-user ($ billion)
Exhibit 77: Data Table on Market opportunity by End-user ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 79: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 80: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 81: Chart on Geographic comparison
Exhibit 82: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 87: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 91: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 95: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 107: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Russia - Market size and forecast 2023-2028
Exhibit 111: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibit 112: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibit 113: Chart on Russia - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on Russia - Year-over-year growth 2023-2028 (%)
9.11 Australia - Market size and forecast 2023-2028
Exhibit 115: Chart on Australia - Market size and forecast 2023-2028 ($ billion)
Exhibit 116: Data Table on Australia - Market size and forecast 2023-2028 ($ billion)
Exhibit 117: Chart on Australia - Year-over-year growth 2023-2028 (%)
Exhibit 118: Data Table on Australia - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
Exhibit 119: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 120: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 121: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 122: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 123: Market opportunity By Geographical Landscape ($ billion)
Exhibit 124: Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 125: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 127: Overview on factors of disruption
11.4 Industry risks
Exhibit 128: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 129: Vendors covered
12.2 Market positioning of vendors
Exhibit 130: Matrix on vendor position and classification
12.3 Eczacibasi Holding AS
Exhibit 131: Eczacibasi Holding AS - Overview
Exhibit 132: Eczacibasi Holding AS - Product/Service
Exhibit 133: Eczacibasi Holding AS - Key offerings
12.4 ICL Group Ltd.
Exhibit 134: ICL Group Ltd. - Overview
Exhibit 135: ICL Group Ltd. - Business segments
Exhibit 136: ICL Group Ltd. - Key offerings
Exhibit 137: ICL Group Ltd. - Segment focus
12.5 Latrobe Magnesium Ltd.
Exhibit 138: Latrobe Magnesium Ltd. - Overview
Exhibit 139: Latrobe Magnesium Ltd. - Product/Service
Exhibit 140: Latrobe Magnesium Ltd. - Key offerings
12.6 Mag Specialties Inc.
Exhibit 141: Mag Specialties Inc. - Overview
Exhibit 142: Mag Specialties Inc. - Product/Service
Exhibit 143: Mag Specialties Inc. - Key offerings
12.7 Magontec Ltd.
Exhibit 144: Magontec Ltd. - Overview
Exhibit 145: Magontec Ltd. - Business segments
Exhibit 146: Magontec Ltd. - Key offerings
Exhibit 147: Magontec Ltd. - Segment focus
12.8 Meridian Lightweight Technologies Inc.
Exhibit 148: Meridian Lightweight Technologies Inc. - Overview
Exhibit 149: Meridian Lightweight Technologies Inc. - Product/Service
Exhibit 150: Meridian Lightweight Technologies Inc. - Key offerings
12.9 NIPPON KINZOKU CO. LTD.
Exhibit 151: NIPPON KINZOKU CO. LTD. - Overview
Exhibit 152: NIPPON KINZOKU CO. LTD. - Product/Service
Exhibit 153: NIPPON KINZOKU CO. LTD. - Key offerings
12.10 POSCO holdings Inc.
Exhibit 154: POSCO holdings Inc. - Overview
Exhibit 155: POSCO holdings Inc. - Product/Service
Exhibit 156: POSCO holdings Inc. - Key offerings
12.11 RIMA INDUSTRIAL
Exhibit 157: RIMA INDUSTRIAL - Overview
Exhibit 158: RIMA INDUSTRIAL - Product/Service
Exhibit 159: RIMA INDUSTRIAL - Key offerings
12.12 Shaanxi Tianyu Magnesium Industry Group Co. Ltd.
Exhibit 160: Shaanxi Tianyu Magnesium Industry Group Co. Ltd. - Overview
Exhibit 161: Shaanxi Tianyu Magnesium Industry Group Co. Ltd. - Product/Service
Exhibit 162: Shaanxi Tianyu Magnesium Industry Group Co. Ltd. - Key offerings
12.13 Shanxi Yinguang Huasheng Magnesium Industry Co. Ltd
Exhibit 163: Shanxi Yinguang Huasheng Magnesium Industry Co. Ltd - Overview
Exhibit 164: Shanxi Yinguang Huasheng Magnesium Industry Co. Ltd - Product/Service
Exhibit 165: Shanxi Yinguang Huasheng Magnesium Industry Co. Ltd - Key offerings
12.14 Smiths Metal Centres Ltd.
Exhibit 166: Smiths Metal Centres Ltd. - Overview
Exhibit 167: Smiths Metal Centres Ltd. - Product/Service
Exhibit 168: Smiths Metal Centres Ltd. - Key offerings
12.15 US Magnesium LLC
Exhibit 169: US Magnesium LLC - Overview
Exhibit 170: US Magnesium LLC - Product/Service
Exhibit 171: US Magnesium LLC - Key offerings
12.16 VSMPO AVISMA Corp.
Exhibit 172: VSMPO AVISMA Corp. - Overview
Exhibit 173: VSMPO AVISMA Corp. - Product/Service
Exhibit 174: VSMPO AVISMA Corp. - Key offerings
12.17 Western Magnesium Corp.
Exhibit 175: Western Magnesium Corp. - Overview
Exhibit 176: Western Magnesium Corp. - Product/Service
Exhibit 177: Western Magnesium Corp. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 178: Inclusions checklist
Exhibit 179: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 180: Currency conversion rates for US$
13.4 Research methodology
Exhibit 181: Research methodology
Exhibit 182: Validation techniques employed for market sizing
Exhibit 183: Information sources
13.5 List of abbreviations
Exhibit 184: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Vendor Market Positioning
Exhibits 10: Parent market
Exhibits 11: Market Characteristics
Exhibits 12: Offerings of vendors included in the market definition
Exhibits 13: Market segments
Exhibits 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 18: Historic Market Size - Data Table on global magnesium market 2018 - 2022 ($ billion)
Exhibits 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
Exhibits 20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Exhibits 23: Five forces analysis - Comparison between 2023 and 2028
Exhibits 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 29: Chart on Market condition - Five forces 2023 and 2028
Exhibits 30: Chart on Application - Market share 2023-2028 (%)
Exhibits 31: Data Table on Application - Market share 2023-2028 (%)
Exhibits 32: Chart on Comparison by Application
Exhibits 33: Data Table on Comparison by Application
Exhibits 34: Chart on Die castings - Market size and forecast 2023-2028 ($ billion)
Exhibits 35: Data Table on Die castings - Market size and forecast 2023-2028 ($ billion)
Exhibits 36: Chart on Die castings - Year-over-year growth 2023-2028 (%)
Exhibits 37: Data Table on Die castings - Year-over-year growth 2023-2028 (%)
Exhibits 38: Chart on Aluminum alloys - Market size and forecast 2023-2028 ($ billion)
Exhibits 39: Data Table on Aluminum alloys - Market size and forecast 2023-2028 ($ billion)
Exhibits 40: Chart on Aluminum alloys - Year-over-year growth 2023-2028 (%)
Exhibits 41: Data Table on Aluminum alloys - Year-over-year growth 2023-2028 (%)
Exhibits 42: Chart on Iron and steel desulfurization - Market size and forecast 2023-2028 ($ billion)
Exhibits 43: Data Table on Iron and steel desulfurization - Market size and forecast 2023-2028 ($ billion)
Exhibits 44: Chart on Iron and steel desulfurization - Year-over-year growth 2023-2028 (%)
Exhibits 45: Data Table on Iron and steel desulfurization - Year-over-year growth 2023-2028 (%)
Exhibits 46: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 47: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 48: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 50: Market opportunity by Application ($ billion)
Exhibits 51: Data Table on Market opportunity by Application ($ billion)
Exhibits 52: Chart on End-user - Market share 2023-2028 (%)
Exhibits 53: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 54: Chart on Comparison by End-user
Exhibits 55: Data Table on Comparison by End-user
Exhibits 56: Chart on Aerospace - Market size and forecast 2023-2028 ($ billion)
Exhibits 57: Data Table on Aerospace - Market size and forecast 2023-2028 ($ billion)
Exhibits 58: Chart on Aerospace - Year-over-year growth 2023-2028 (%)
Exhibits 59: Data Table on Aerospace - Year-over-year growth 2023-2028 (%)
Exhibits 60: Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibits 61: Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibits 62: Chart on Automotive - Year-over-year growth 2023-2028 (%)
Exhibits 63: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
Exhibits 64: Chart on Electronics - Market size and forecast 2023-2028 ($ billion)
Exhibits 65: Data Table on Electronics - Market size and forecast 2023-2028 ($ billion)
Exhibits 66: Chart on Electronics - Year-over-year growth 2023-2028 (%)
Exhibits 67: Data Table on Electronics - Year-over-year growth 2023-2028 (%)
Exhibits 68: Chart on Medical - Market size and forecast 2023-2028 ($ billion)
Exhibits 69: Data Table on Medical - Market size and forecast 2023-2028 ($ billion)
Exhibits 70: Chart on Medical - Year-over-year growth 2023-2028 (%)
Exhibits 71: Data Table on Medical - Year-over-year growth 2023-2028 (%)
Exhibits 72: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 73: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 74: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 75: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 76: Market opportunity by End-user ($ billion)
Exhibits 77: Data Table on Market opportunity by End-user ($ billion)
Exhibits 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 79: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 80: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 81: Chart on Geographic comparison
Exhibits 82: Data Table on Geographic comparison
Exhibits 83: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits 84: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 87: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 88: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 91: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits 92: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits 93: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 94: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 95: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits 96: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits 97: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 98: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 99: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits 100: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits 101: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 102: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 105: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 106: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 107: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 108: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 109: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 110: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 111: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibits 112: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibits 113: Chart on Russia - Year-over-year growth 2023-2028 (%)
Exhibits 114: Data Table on Russia - Year-over-year growth 2023-2028 (%)
Exhibits 115: Chart on Australia - Market size and forecast 2023-2028 ($ billion)
Exhibits 116: Data Table on Australia - Market size and forecast 2023-2028 ($ billion)
Exhibits 117: Chart on Australia - Year-over-year growth 2023-2028 (%)
Exhibits 118: Data Table on Australia - Year-over-year growth 2023-2028 (%)
Exhibits 119: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits 120: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits 121: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibits 122: Data Table on UK - Year-over-year growth 2023-2028 (%)
Exhibits 123: Market opportunity By Geographical Landscape ($ billion)
Exhibits 124: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits 125: Impact of drivers and challenges in 2023 and 2028
Exhibits 126: Overview on Criticality of inputs and Factors of differentiation
Exhibits 127: Overview on factors of disruption
Exhibits 128: Impact of key risks on business
Exhibits 129: Vendors covered
Exhibits 130: Matrix on vendor position and classification
Exhibits 131: Eczacibasi Holding AS - Overview
Exhibits 132: Eczacibasi Holding AS - Product/Service
Exhibits 133: Eczacibasi Holding AS - Key offerings
Exhibits 134: ICL Group Ltd. - Overview
Exhibits 135: ICL Group Ltd. - Business segments
Exhibits 136: ICL Group Ltd. - Key offerings
Exhibits 137: ICL Group Ltd. - Segment focus
Exhibits 138: Latrobe Magnesium Ltd. - Overview
Exhibits 139: Latrobe Magnesium Ltd. - Product/Service
Exhibits 140: Latrobe Magnesium Ltd. - Key offerings
Exhibits 141: Mag Specialties Inc. - Overview
Exhibits 142: Mag Specialties Inc. - Product/Service
Exhibits 143: Mag Specialties Inc. - Key offerings
Exhibits 144: Magontec Ltd. - Overview
Exhibits 145: Magontec Ltd. - Business segments
Exhibits 146: Magontec Ltd. - Key offerings
Exhibits 147: Magontec Ltd. - Segment focus
Exhibits 148: Meridian Lightweight Technologies Inc. - Overview
Exhibits 149: Meridian Lightweight Technologies Inc. - Product/Service
Exhibits 150: Meridian Lightweight Technologies Inc. - Key offerings
Exhibits 151: NIPPON KINZOKU CO. LTD. - Overview
Exhibits 152: NIPPON KINZOKU CO. LTD. - Product/Service
Exhibits 153: NIPPON KINZOKU CO. LTD. - Key offerings
Exhibits 154: POSCO holdings Inc. - Overview
Exhibits 155: POSCO holdings Inc. - Product/Service
Exhibits 156: POSCO holdings Inc. - Key offerings
Exhibits 157: RIMA INDUSTRIAL - Overview
Exhibits 158: RIMA INDUSTRIAL - Product/Service
Exhibits 159: RIMA INDUSTRIAL - Key offerings
Exhibits 160: Shaanxi Tianyu Magnesium Industry Group Co. Ltd. - Overview
Exhibits 161: Shaanxi Tianyu Magnesium Industry Group Co. Ltd. - Product/Service
Exhibits 162: Shaanxi Tianyu Magnesium Industry Group Co. Ltd. - Key offerings
Exhibits 163: Shanxi Yinguang Huasheng Magnesium Industry Co. Ltd - Overview
Exhibits 164: Shanxi Yinguang Huasheng Magnesium Industry Co. Ltd - Product/Service
Exhibits 165: Shanxi Yinguang Huasheng Magnesium Industry Co. Ltd - Key offerings
Exhibits 166: Smiths Metal Centres Ltd. - Overview
Exhibits 167: Smiths Metal Centres Ltd. - Product/Service
Exhibits 168: Smiths Metal Centres Ltd. - Key offerings
Exhibits 169: US Magnesium LLC - Overview
Exhibits 170: US Magnesium LLC - Product/Service
Exhibits 171: US Magnesium LLC - Key offerings
Exhibits 172: VSMPO AVISMA Corp. - Overview
Exhibits 173: VSMPO AVISMA Corp. - Product/Service
Exhibits 174: VSMPO AVISMA Corp. - Key offerings
Exhibits 175: Western Magnesium Corp. - Overview
Exhibits 176: Western Magnesium Corp. - Product/Service
Exhibits 177: Western Magnesium Corp. - Key offerings
Exhibits 178: Inclusions checklist
Exhibits 179: Exclusions checklist
Exhibits 180: Currency conversion rates for US$
Exhibits 181: Research methodology
Exhibits 182: Validation techniques employed for market sizing
Exhibits 183: Information sources
Exhibits 184: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global magnesium market: Eczacibasi Holding AS, ICL Group Ltd., Latrobe Magnesium Ltd., Mag Specialties Inc., Magontec Ltd., Meridian Lightweight Technologies Inc., NIPPON KINZOKU CO. LTD., POSCO holdings Inc., RIMA INDUSTRIAL, Shaanxi Tianyu Magnesium Industry Group Co. Ltd., Shanghai Regal Metal Materials Co. Ltd., Shanxi Bada Magnesium Co. Ltd., Shanxi Yinguang Huasheng Magnesium Industry Co. Ltd, Smiths Metal Centres Ltd., Southern Magnesium and Chemicals Ltd., STOLFIG LEICHTBAUKEPTENZZENTRUM GMBH, Thermo Fisher Scientific Inc., Tongxiang Magnesium Shanghai Co.Ltd, VSMPO AVISMA Corp., West High Yield Resources, Western Magnesium Corp., and US Magnesium LLC.

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is new production facilities in US and Canada.'

According to the report, one of the major drivers for this market is the high demand for steel from various end-use industries.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Eczacibasi Holding AS
  • ICL Group Ltd.
  • Latrobe Magnesium Ltd.
  • Mag Specialties Inc.
  • Magontec Ltd.
  • Meridian Lightweight Technologies Inc.
  • NIPPON KINZOKU CO. LTD.
  • POSCO holdings Inc.
  • RIMA INDUSTRIAL
  • Shaanxi Tianyu Magnesium Industry Group Co. Ltd.
  • Shanghai Regal Metal Materials Co. Ltd.
  • Shanxi Bada Magnesium Co. Ltd.
  • Shanxi Yinguang Huasheng Magnesium Industry Co. Ltd
  • Smiths Metal Centres Ltd.
  • Southern Magnesium and Chemicals Ltd.
  • STOLFIG LEICHTBAUKEPTENZZENTRUM GMBH
  • Thermo Fisher Scientific Inc.
  • Tongxiang Magnesium Shanghai Co.Ltd
  • VSMPO AVISMA Corp.
  • West High Yield Resources
  • Western Magnesium Corp.
  • US Magnesium LLC