Magnesium - Global Strategic Business Report

The global market for Magnesium is estimated at US$5.1 Billion in 2023 and is projected to reach US$7.7 Billion by 2030, growing at a CAGR of 6.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Emerging trends in the magnesium market include the development of new magnesium-based materials for medical applications, such as biodegradable implants that naturally dissolve in the body without leaving any residue. Additionally, the drive towards sustainable and recyclable materials is enhancing the appeal of magnesium in various industries. As magnesium recycling technologies improve, the environmental impact of magnesium production is expected to decrease, aligning with global sustainability goals and potentially lowering production costs. These factors combined suggest a promising growth trajectory for magnesium, supported by its expanding application range and the global shift towards lightweight, durable, and eco-friendly materials.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Aluminum Alloying Application segment, which is expected to reach US$2.7 Billion by 2030 with a CAGR of a 6.4%. The Die Casting Application segment is also set to grow at 6.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $1.3 Billion in 2023, and China, forecasted to grow at an impressive 9.5% CAGR to reach $1.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Magnesium Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Magnesium Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Magnesium Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Albemarle Corporation, Aremco Products, Inc., Belmont Metals, Inc., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 73 Featured):

• Albemarle Corporation
• Aremco Products, Inc.
• Belmont Metals, Inc.
• Companhia Siderurgica Nacional SA (CSN)
• Dead sea Magnesium Ltd.
• Israel Chemicals Ltd. (ICL)
• Lehmann & Voss & Co. KG
• POSCO
• PQ Corporation
• Tokuyama Corporation