Metal Magnesium Market

Metal Magnesium Market Study by Iron & Steel Making, Titanium Reduction, Aluminum Alloys, and Die Casting from 2024 to 2034

Analysis of Metal Magnesium Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Metal Magnesium Market Outlook (2024 to 2034)

The global metal magnesium market size is projected to reach US$ 8.36 billion by 2034, up from US$ 5.04 billion in 2024, which equals expansion at a CAGR of 5.2% through 2034.

Magnesium is predominantly used in the production of aluminum-based alloys, which are used in packaging and for various other applications. Magnesium is a lightweight structural metal that is widely valued for its alloys. When magnesium alloys are combined with other metals, the physical properties of the resulting mixture are enhanced.

Benefits of magnesium include its low specific gravity and high strength-to-weight ratio. The most commonly used alloying elements are manganese, aluminum, zinc, silicon, copper, zirconium, and rare-earth metals. Magnesium alloys find applications in several industries such as electronics. They are used in both industrial and commercial settings for structural purposes. They are used in high-speed industrial machinery such as textile machines as well as in hand tools, ladders, and computer casings.

Report Attributes Details
Metal Magnesium Market Size (2024E) US$ 5.04 Billion
Projected Market Value (2034F) US$ 8.36 Billion
Global Market Growth Rate (2024 to 2034) 5.2% CAGR
China Market Value (2034F) US$ 1.18 Billion
Canada Market Growth Rate (2024 to 2034) 3.3% CAGR
North America Market Share (2024E) 21.6%
East Asia Market Value (2034F) US$ 2.06 Billion
Key Companies Profiled
  • Alliance Magnesium
  • Regal Metal
  • Western Magnesium Corp.
  • Rima Group
  • ICL Group
  • Dead Sea Magnesium Ltd.
  • Mag Specialties Inc.
  • Latrobe Magnesium

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Which Key Drivers are Responsible for Metal Magnesium Market Growth?

“Huge Demand for Lightweight Aerospace Components”

The United States stands as a leading force in aerospace manufacturing, home to industry giants like Boeing, Lockheed Martin, and United Technologies.

  • According to the Bureau of Transportation Statistics, aircraft deliveries in the United States reached 1,552 in 2020, a slight decrease from the 1,772 delivered in 2019.

As demand for aluminum alloys and titanium continues to grow in the aerospace sector for parts production, the need for magnesium metal is also projected to rise at a significant pace through 2034. The aerospace and automotive sectors are increasingly embracing magnesium-aluminum alloys due to their superior strength-to-weight and stiffness-to-weight ratios, ease of machining, and their contribution to reducing vehicle weight.

What is a Key Metal Magnesium Market Trend?

“Growing Emphasis on Production of Lightweight and Fuel-Efficient Vehicles”

Market growth is being influenced by the rising demand for magnesium alloys in the automotive sector, especially for manufacturing lightweight and fuel-efficient vehicles. Magnesium's role in electronics manufacturing such as in heat dissipation systems and TV and computer casings is contributing to market growth.

The market is also witnessing advancements in medical applications where magnesium alloys are valued for their biocompatibility and mechanical properties, which make them suitable for implants and devices. With a focus on sustainability, the recyclability and low carbon footprint of magnesium are enhancing its appeal as an eco-friendly material choice. Emerging technologies such as hydrogen storage and magnesium-based batteries present new opportunities by potentially revolutionizing energy storage and clean energy solutions.

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Country-wise Insights

Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, asserts that East Asia is projected to hold 24.6% of the global market share by 2034. Manufacturers of metal magnesium around the world are joining forces with emerging market players to strengthen their market presence and secure a dominant market share.

How are China and India Contributing to Market Growth?

“Rising Demand for Household Appliances and Increased Government Spending in Aerospace Sector”

Attribute East Asia
Segment Value (2024E) US$ 1.12 Billion
Growth Rate (2024 to 2034) 6.2% CAGR
Projected Value (2034F) US$ 2.06 Billion

In 2019, the East Asia region accounted for 21.9% share of the global market. This expansion was largely fueled by the automotive sector and the construction sector’s demand for aluminum and steel. The growth of the automotive and aerospace sectors, especially in China and India, is a key driver for this growth.

  • The India Brand Equity Foundation predicts that India's growing infrastructure and increased government expenditure are projected to boost its aerospace and defense markets to an estimated US$ 70.5 billion by 2034. Similarly, China's retail sales in household appliances and consumer electronics reached a significant US$ 13.83 billion in December 2020, as reported by the National Bureau of Statistics. The steel sectors in India and China are projected to make substantial contributions to the market's overall expansion.

How are Sales of Metal Magnesium Shaping Up in North America?

“Market Benefitting from Growing Demand for Titanium and Aluminum Alloys in Defense Sector”

Attribute North America
Segment Value (2024E) US$ 1.09 Billion
Growth Rate (2024 to 2034) 3% CAGR
Projected Value (2034F) US$ 1.46 Billion

North America accounts for 21.6% of the global metal magnesium market share. Market growth in the region is primarily attributed to the growing demand for aluminum and titanium alloys in the automotive and aerospace & defense sectors. The titanium and aluminum alloy market in the United States is estimated to reach US$ 5 billion in 2024. Market expansion is driven by the rising demand for innovative metals and alloys in the aerospace sector.

Category-wise Insights

Which Property of Magnesium-Aluminum Alloys is Fueling Use in Aircraft Production?

“Superior Corrosion Resistance of Magnesium-Aluminum Alloys”

Attribute Aluminum Alloys
Segment Value (2024E) US$ 1.78 Billion
Growth Rate (2024 to 2034) 5.4% CAGR
Projected Value (2034F) US$ 3.01 Billion

Magnesium when added to aluminum enhances the strength of the resulting alloy without compromising its flexibility. These alloys can withstand extreme conditions, making them suitable for constructing ballistic missiles and spacecraft. Demand for lightweight components in these sectors is on the rise. Cost-effectiveness and improved corrosion resistance of aluminum make it a preferred choice over other materials.

Components and structures such as structural members made from these alloys are not only lightweight but also highly resistant to corrosion. The growth of this segment is projected to be fueled by the rising demand for lightweight materials in the production of aircraft, aiming to decrease the weight of commercial aircraft.

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Competitive landscape highlights only certain players
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Competitive Landscape

Market growth is being driven by several factors, including evolving consumer preferences, technological advancements, and global economic conditions. Several key players in the metal magnesium market are Alliance Magnesium, Regal Metal, Western Magnesium Corp., Rima Group, ICL Group, Dead Sea Magnesium Ltd., Mag Specialties Inc., and Latrobe Magnesium.

  • In 2022, Chongqing Boao Magnesium-Aluminum Metal Manufacturing Co. Ltd., a fully owned subsidiary of RSM Group/Nanjing Yunhai Special Metals Co. Ltd, announced the successful completion of its Phase II project. This project focused on high-performance magnesium-aluminum alloy and deep processing is located in Pingshan Industrial Park, Chongqing City. The new production facilities are expected to house various workshops, such as a magnesium particle production workshop, with an annual capacity of 7,200 tons.

Key Segments of Metal Magnesium Market Research

  • By Application :

    • Iron & Steel Making
    • Titanium Reduction
    • Aluminum Alloys
    • Die Casting
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Summary of Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. Fact.MR Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

    3.1. Risk Assessment

        3.1.1. COVID-19 Crisis and Impact on Demand

        3.1.2. COVID-19 Impact Benchmark with Previous Crisis

        3.1.3. Impact on Market Value (US$ Mn)

        3.1.4. Assessment by Key Countries

        3.1.5. Assessment by Key Market Segments

        3.1.6. Action Points and Recommendation for Suppliers

    3.2. Key Trends Impacting the Market

    3.3. Formulation and Product Development Trends

4. Market Background and Foundation Data Points

    4.1. Global Market (US$ Mn)

    4.2. Market Opportunity Assessment (US$ Mn)

        4.2.1. Total Available Market

        4.2.2. Serviceable Addressable Market

        4.2.3. Serviceable Obtainable Market

    4.3. Market Scenario Forecast

        4.3.1. Demand in optimistic Scenario

        4.3.2. Demand in Likely Scenario

        4.3.3. Demand in Conservative Scenario

    4.4. Investment Feasibility Analysis

        4.4.1. Investment in Established Markets

            4.4.1.1. In Short Term

            4.4.1.2. In Long Term

        4.4.2. Investment in Emerging Markets

            4.4.2.1. In Short Term

            4.4.2.2. In Long Term

    4.5. Forecast Factors - Relevance & Impact

        4.5.1. Top Companies Historical Growth

        4.5.2. Global Market Growth

        4.5.3. Adoption Rate, by Country

    4.6. Market Dynamics

        4.6.1. Market Driving Factors and Impact Assessment

        4.6.2. Prominent Market Challenges and Impact Assessment

        4.6.3. Market Opportunities

        4.6.4. Prominent Trends in the Global Market & Their Impact Assessment

5. Key Success Factors

    5.1. Manufacturers’ Focus on Low Penetration High Growth Markets

    5.2. Banking on with Segments High Incremental Opportunity

    5.3. Peer Benchmarking

6. Global Market Demand Analysis 2018-2023 and Forecast, 2024-2034

    6.1. Historical Market Analysis, 2018-2023

    6.2. Current and Future Market Projections, 2024-2034

    6.3. Y-o-Y Growth Trend Analysis

7. Global Market Value Analysis 2018-2023 and Forecast, 2024-2034

    7.1. Historical Market Value (US$ Mn) Analysis, 2018-2023

    7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2034

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Market Analysis 2018-2023 and Forecast 2024-2034, By Application

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) & Volume (Kilo Tons) Analysis By Application, 2018-2023

    8.3. Current and Future Market Size (US$ Mn) & Volume (Kilo Tons) Analysis and Forecast By Application, 2024-2034

        8.3.1. Die Casting

        8.3.2. Aluminum Alloys

        8.3.3. Titanium Reduction

        8.3.4. Iron & Steel Making

        8.3.5. Others

    8.4. Market Attractiveness Analysis By Application

9. Global Market Analysis 2018-2023 and Forecast 2024-2034, By Region

    9.1. Introduction

    9.2. Historical Market Size (US$ Mn) & Volume (Kilo Tons) Analysis By Region, 2018-2023

    9.3. Current Market Size (US$ Mn) & Volume (Kilo Tons) & Analysis and Forecast By Region, 2024-2034

        9.3.1. North America

        9.3.2. Latin America

        9.3.3. Europe

        9.3.4. Asia Pacific

        9.3.5. Middle East and Africa (MEA)

    9.4. Market Attractiveness Analysis By Region

10. North America Market Analysis 2018-2023 and Forecast 2024-2034

    10.1. Introduction

    10.2. Pricing Analysis

    10.3. Historical Market Value (US$ Mn) & Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018-2023

    10.4. Market Value (US$ Mn) & Volume (Kilo Tons) & Forecast By Market Taxonomy, 2024-2034

        10.4.1. By Country

            10.4.1.1. U.S.

            10.4.1.2. Canada

        10.4.2. By Application

    10.5. Market Attractiveness Analysis

        10.5.1. By Country

        10.5.2. By Application

11. Latin America Market Analysis 2018-2023 and Forecast 2024-2034

    11.1. Introduction

    11.2. Pricing Analysis

    11.3. Historical Market Value (US$ Mn) & Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018-2023

    11.4. Market Value (US$ Mn) & Volume (Kilo Tons) & Forecast By Market Taxonomy, 2024-2034

        11.4.1. By Country

            11.4.1.1. Brazil

            11.4.1.2. Mexico

            11.4.1.3. Rest of Latin America

        11.4.2. By Application

    11.5. Market Attractiveness Analysis

        11.5.1. By Country

        11.5.2. By Application

12. Europe Market Analysis 2018-2023 and Forecast 2024-2034

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Value (US$ Mn) & Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018-2023

    12.4. Market Value (US$ Mn) & Volume (Kilo Tons) & Forecast By Market Taxonomy, 2024-2034

        12.4.1. By Country

            12.4.1.1. Germany

            12.4.1.2. France

            12.4.1.3. U.K.

            12.4.1.4. Italy

            12.4.1.5. Benelux

            12.4.1.6. Nordic Countries

            12.4.1.7. Rest of Europe

        12.4.2. By Application

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Application

13. Asia Pacific Market Analysis 2018-2023 and Forecast 2024-2034

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Value (US$ Mn) & Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018-2023

    13.4. Market Value (US$ Mn) & Volume (Kilo Tons) & Forecast By Market Taxonomy, 2024-2034

        13.4.1. By Country

            13.4.1.1. China

            13.4.1.2. Japan

            13.4.1.3. South Korea

            13.4.1.4. Rest of Asia Pacific

        13.4.2. By Application

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Application

14. Middle East and Africa Market Analysis 2018-2023 and Forecast 2024-2034

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Value (US$ Mn) & Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018-2023

    14.4. Market Value (US$ Mn) & Volume (Kilo Tons) & Forecast By Market Taxonomy, 2024-2034

        14.4.1. By Country

            14.4.1.1. GCC Countries

            14.4.1.2. South Africa

            14.4.1.3. Turkey

            14.4.1.4. Rest of Middle East and Africa

        14.4.2. By Application

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Application

15. Key Countries Market Analysis 2018-2023 and Forecast 2024-2034

    15.1. Introduction

        15.1.1. Market Value Proportion Analysis, By Key Countries

        15.1.2. Global Vs. Country Growth Comparison

    15.2. US Market Analysis

        15.2.1. Value Proportion Analysis by Market Taxonomy

        15.2.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.2.2.1. By Application

    15.3. Canada Market Analysis

        15.3.1. Value Proportion Analysis by Market Taxonomy

        15.3.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.3.2.1. By Application

    15.4. Mexico Market Analysis

        15.4.1. Value Proportion Analysis by Market Taxonomy

        15.4.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.4.2.1. By Application

    15.5. Brazil Market Analysis

        15.5.1. Value Proportion Analysis by Market Taxonomy

        15.5.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.5.2.1. By Application

    15.6. Germany Market Analysis

        15.6.1. Value Proportion Analysis by Market Taxonomy

        15.6.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.6.2.1. By Application

    15.7. France Market Analysis

        15.7.1. Value Proportion Analysis by Market Taxonomy

        15.7.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.7.2.1. By Application

    15.8. Italy Market Analysis

        15.8.1. Value Proportion Analysis by Market Taxonomy

        15.8.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.8.2.1. By Application

    15.9. BENELUX Market Analysis

        15.9.1. Value Proportion Analysis by Market Taxonomy

        15.9.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.9.2.1. By Application

    15.10. UK Market Analysis

        15.10.1. Value Proportion Analysis by Market Taxonomy

        15.10.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.10.2.1. By Application

    15.11. Nordic Countries Market Analysis

        15.11.1. Value Proportion Analysis by Market Taxonomy

        15.11.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.11.2.1. By Application

    15.12. China Market Analysis

        15.12.1. Value Proportion Analysis by Market Taxonomy

        15.12.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.12.2.1. By Application

    15.13. Japan Market Analysis

        15.13.1. Value Proportion Analysis by Market Taxonomy

        15.13.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.13.2.1. By Application

    15.14. South Korea Market Analysis

        15.14.1. Value Proportion Analysis by Market Taxonomy

        15.14.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.14.2.1. By Application

    15.15. GCC Countries Market Analysis

        15.15.1. Value Proportion Analysis by Market Taxonomy

        15.15.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.15.2.1. By Application

    15.16. South Africa Market Analysis

        15.16.1. Value Proportion Analysis by Market Taxonomy

        15.16.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.16.2.1. By Application

    15.17. Turkey Market Analysis

        15.17.1. Value Proportion Analysis by Market Taxonomy

        15.17.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034

            15.17.2.1. By Application

        15.17.3. Competition Landscape and Player Concentration in the Country

16. Market Structure Analysis

    16.1. Market Analysis by Tier of Companies

    16.2. Market Concentration

    16.3. Market Share Analysis of Top Players

    16.4. Market Presence Analysis

        16.4.1. By Regional footprint of Players

        16.4.2. Product footprint by Players

17. Competition Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Competition Deep Dive

        17.3.1. Nippon Kinzoku Co. Ltd

            17.3.1.1. Overview

            17.3.1.2. Product Portfolio

            17.3.1.3. Sales Footprint

            17.3.1.4. Strategy Overview

        17.3.2. VSMPO-Avisma Corporation

            17.3.2.1. Overview

            17.3.2.2. Product Portfolio

            17.3.2.3. Sales Footprint

            17.3.2.4. Strategy Overview

        17.3.3. Latrobe Magnesium

            17.3.3.1. Overview

            17.3.3.2. Product Portfolio

            17.3.3.3. Sales Footprint

            17.3.3.4. Strategy Overview

        17.3.4. Alliance Magnesium

            17.3.4.1. Overview

            17.3.4.2. Product Portfolio

            17.3.4.3. Sales Footprint

            17.3.4.4. Strategy Overview

        17.3.5. Shanghai Sunglow Investment (Group) Co., Ltd

            17.3.5.1. Overview

            17.3.5.2. Product Portfolio

            17.3.5.3. Sales Footprint

            17.3.5.4. Strategy Overview

        17.3.6. Western Magnesium Corporation

            17.3.6.1. Overview

            17.3.6.2. Product Portfolio

            17.3.6.3. Sales Footprint

            17.3.6.4. Strategy Overview

        17.3.7. Regal Metal

            17.3.7.1. Overview

            17.3.7.2. Product Portfolio

            17.3.7.3. Sales Footprint

            17.3.7.4. Strategy Overview

        17.3.8. U.S. Magnesium LLC

            17.3.8.1. Overview

            17.3.8.2. Product Portfolio

            17.3.8.3. Sales Footprint

            17.3.8.4. Strategy Overview

        17.3.9. Esan Eczacibasi

            17.3.9.1. Overview

            17.3.9.2. Product Portfolio

            17.3.9.3. Sales Footprint

            17.3.9.4. Strategy Overview

        17.3.10. Solikamsk Desulphurizer Works (SZD)

            17.3.10.1. Overview

            17.3.10.2. Product Portfolio

            17.3.10.3. Sales Footprint

            17.3.10.4. Strategy Overview

18. Assumptions and Acronyms Used

19. Research Methodology

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List Of Table

Table 01: Global Market Value (US$ Mn) & Volume (Kilo Tons), By Application, 2018-2023

Table 02: Global Market Value (US$ Mn) & Volume (Kilo Tons), By Application, 2024-2034

Table 03: Global Market, By Region, 2018-2023

Table 04: Global Market, By Region, 2024-2034

Table 05: North America Market Value (US$ Mn) & Volume (Kilo Tons), By Application, 2018-2023

Table 06: North America Market Value (US$ Mn) & Volume (Kilo Tons), By Application, 2024-2034

Table 07: North America Market, By Country, 2018-2023

Table 08: North America Market, By Country, 2024-2034

Table 09: Latin America Market Value (US$ Mn) & Volume (Kilo Tons), By Application, 2018-2023

Table 10: Latin America Market Value (US$ Mn) & Volume (Kilo Tons), By Application, 2024-2034

Table 11: Latin America Market, By Country, 2018-2023

Table 12: Latin America Market, By Country, 2024-2034

Table 13: Europe Market Value (US$ Mn) & Volume (Kilo Tons), By Application, 2018-2023

Table 14: Europe Market Value (US$ Mn) & Volume (Kilo Tons), By Application, 2024-2034

Table 15: Europe Market, By Country, 2018-2023

Table 16: Europe Market, By Country, 2024-2034

Table 17: Asia Pacific Market Value (US$ Mn) & Volume (Kilo Tons), By Application, 2018-2023

Table 18: Asia Pacific Market Value (US$ Mn) & Volume (Kilo Tons), By Application, 2024-2034

Table 19: Asia Pacific Market, By Country, 2018-2023

Table 20: Asia Pacific Market, By Country, 2024-2034

Table 21: MEA Market Value (US$ Mn) & Volume (Kilo Tons), By Application, 2018-2023

Table 22: MEA Market Value (US$ Mn) & Volume (Kilo Tons), By Application, 2024-2034

Table 23: MEA Market, By Country, 2018-2023

Table 24: MEA Market, By Country, 2024-2034

Table 25: Global Market Incremental $ Opportunity, By Application, 2018-2023

Table 26: Global Market Incremental $ Opportunity, By Region, 2024-2034

Table 27: North America Market Incremental $ Opportunity, By Application, 2018-2023

Table 28: North America Market Incremental $ Opportunity, By Country, 2024-2034

Table 29: Latin America Market Incremental $ Opportunity, By Application, 2018-2023

Table 30: Latin America Market Incremental $ Opportunity, By Country, 2024-2034

Table 31: Europe Market Incremental $ Opportunity, By Application, 2018-2023

Table 32: Europe Market Incremental $ Opportunity, By Country, 2024-2034

Table 33: Asia Pacific Market Incremental $ Opportunity, By Application, 2018-2023

Table 34: Asia Pacific Market Incremental $ Opportunity, By Country, 2024-2034

Table 35: MEA Market Incremental $ Opportunity, By Application, 2018-2023

Table 36: MEA Market Incremental $ Opportunity, By Country, 2024-2034

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List Of Figures

Figure 01: Global Market Value (US$ Mn) & Volume (Kilo Tons) and Year-on-Year Growth, 2018-2034

Figure 02: Global Market Absolute $ Historical Gain (2018-2023) and Opportunity (2024-2034), US$ Mn

Figure 03: Global Market Share, By Application, 2024 & 2034

Figure 04: Global Market Y-o-Y Growth Projections, By Application – 2024-2034

Figure 05: Global Market Attractiveness Index, By Application – 2024-2034

Figure 06: Global Market Share, By Region, 2024 & 2034

Figure 07: Global Market Y-o-Y Growth Projections, By Region – 2024-2034

Figure 08: Global Market Attractiveness Index, By Region – 2024-2034

Figure 09: North America Market Value (US$ Mn) & Volume (Kilo Tons) and Year-on-Year Growth, 2018-2034

Figure 10: North America Market Absolute $ Opportunity Historical (2018-2023) and Forecast Period (2024-2034), US$ Mn

Figure 11: North America Market Share, By Application, 2024 & 2034

Figure 12: North America Market Y-o-Y Growth Projections, By Application – 2024-2034

Figure 13: North America Market Attractiveness Index, By Application – 2024-2034

Figure 14: North America Market Share, By Country, 2024 & 2034

Figure 15: North America Market Y-o-Y Growth Projections, By Country – 2024-2034

Figure 16: North America Market Attractiveness Index, By Country – 2024-2034

Figure 17: Latin America Market Value (US$ Mn) & Volume (Kilo Tons) and Year-on-Year Growth, 2018-2034

Figure 18: Latin America Market Absolute $ Opportunity Historical (2018-2023) and Forecast Period (2024-2034), US$ Mn

Figure 19: Latin America Market Share, By Application, 2024 & 2034

Figure 20: Latin America Market Y-o-Y Growth Projections, By Application – 2024-2034

Figure 21: Latin America Market Attractiveness Index, By Application – 2024-2034

Figure 22: Latin America Market Share, By Country, 2024 & 2034

Figure 23: Latin America Market Y-o-Y Growth Projections, By Country – 2024-2034

Figure 24: Latin America Market Attractiveness Index, By Country – 2024-2034

Figure 25: Europe Market Value (US$ Mn) & Volume (Kilo Tons) and Year-on-Year Growth, 2018-2034

Figure 26: Europe Market Absolute $ Opportunity Historical (2018-2023) and Forecast Period (2024-2034), US$ Mn

Figure 27: Europe Market Share, By Application, 2024 & 2034

Figure 28: Europe Market Y-o-Y Growth Projections, By Application – 2024-2034

Figure 29: Europe Market Attractiveness Index, By Application – 2024-2034

Figure 30: Europe Market Share, By Country, 2024 & 2034

Figure 31: Europe Market Y-o-Y Growth Projections, By Country – 2024-2034

Figure 32: Europe Market Attractiveness Index, By Country – 2024-2034

Figure 33: MEA Market Value (US$ Mn) & Volume (Kilo Tons) and Year-on-Year Growth, 2018-2034

Figure 34: MEA Market Absolute $ Opportunity Historical (2018-2023) and Forecast Period (2024-2034), US$ Mn

Figure 35: MEA Market Share, By Application, 2024 & 2034

Figure 36: MEA Market Y-o-Y Growth Projections, By Application – 2024-2034

Figure 37: MEA Market Attractiveness Index, By Application – 2024-2034

Figure 38: MEA Market Share, By Country, 2024 & 2034

Figure 39: MEA Market Y-o-Y Growth Projections, By Country – 2024-2034

Figure 40: MEA Market Attractiveness Index, By Country – 2024-2034

Figure 41: Asia Pacific Market Value (US$ Mn) & Volume (Kilo Tons) and Year-on-Year Growth, 2018-2034

Figure 42: Asia Pacific Market Absolute $ Opportunity Historical (2018-2023) and Forecast Period (2024-2034), US$ Mn

Figure 43: Asia Pacific Market Share, By Application, 2024 & 2034

Figure 44: Asia Pacific Market Y-o-Y Growth Projections, By Application – 2024-2034

Figure 45: Asia Pacific Market Attractiveness Index, By Application – 2024-2034

Figure 46: Asia Pacific Market Share, By Country, 2024 & 2034

Figure 47: Asia Pacific Market Y-o-Y Growth Projections, By Country – 2024-2034

Figure 48: Asia Pacific Market Attractiveness Index, By Country – 2024-2034

Figure 49: US Market Value (US$ Mn) and Forecast, 2024-2034

Figure 50: US Market Share, By Application, 2023

Figure 51: Canada Market Value (US$ Mn) and Forecast, 2024-2034

Figure 52: Canada Market Share, By Application, 2023

Figure 53: Brazil Market Value (US$ Mn) and Forecast, 2024-2034

Figure 54: Brazil Market Share, By Application, 2023

Figure 55: Mexico Market Value (US$ Mn) and Forecast, 2024-2034

Figure 56: Mexico Market Share, By Application, 2023

Figure 57: Germany Market Value (US$ Mn) and Forecast, 2024-2034

Figure 58: Germany Market Share, By Application, 2023

Figure 59: U.K. Market Value (US$ Mn) and Forecast, 2024-2034

Figure 60: U.K. Market Share, By Application, 2023

Figure 61: France Market Value (US$ Mn) and Forecast, 2024-2034

Figure 62: France Market Share, By Application, 2023

Figure 63: Italy Market Value (US$ Mn) and Forecast, 2024-2034

Figure 64: Italy Market Share, By Application, 2023

Figure 65: BENELUX Market Value (US$ Mn) and Forecast, 2024-2034

Figure 66: BENELUX Market Share, By Application, 2023

Figure 67: Nordic Countries Market Value (US$ Mn) and Forecast, 2024-2034

Figure 68: Nordic Countries Market Share, By Application, 2023

Figure 69: China Market Value (US$ Mn) and Forecast, 2024-2034

Figure 70: China Market Share, By Application, 2023

Figure 71: Japan Market Value (US$ Mn) and Forecast, 2024-2034

Figure 72: Japan Market Share, By Application, 2023

Figure 73: South Korea Market Value (US$ Mn) and Forecast, 2024-2034

Figure 74: South Korea Market Share, By Application, 2023

Figure 75: GCC Countries Market Value (US$ Mn) and Forecast, 2024-2034

Figure 76: GCC Countries Market Share, By Application, 2023

Figure 77: South Africa Market Value (US$ Mn) and Forecast, 2024-2034

Figure 78: South Africa Market Share, By Application, 2023

Figure 79: Turkey Market Value (US$ Mn) and Forecast, 2024-2034

Figure 80: Turkey Market Share, By Application, 2023

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

What is the size of the metal magnesium market in 2024?

The global metal magnesium market is projected at US$ 5.04 billion in 2024.

What is the forecasted revenue from the sales of metal magnesium by 2034?

By 2034, global revenue from metal magnesium sales is projected to reach US$ 8.36 billion.

What is the predicted growth rate for the global market?

Sales of metal magnesium are projected to rise at a CAGR of 5.2% through 2034.

What is the forecasted growth rate for the market in North America?

Sales of metal magnesium in North America are projected to grow at a CAGR of 3% from 2024 to 2034.

What is the expected rate of market expansion in East Asia?

The market in East Asia is projected to expand at a CAGR of 6.2% from 2024 to 2034.

How is the market in South Korea evolving?

The market in South Korea has been projected to increase at a CAGR of 8% from 2024 to 2034.

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