Metal Magnesium Market by Product (Sheets, Powder, Ingots, Other Products), Application, End User, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Metal Magnesium Market Size

The Metal Magnesium market size was valued at $4.93 billion in 2023 and is projected to reach $7.00 billion by 2029, growing at a CAGR of 6.0% during the forecast period.

Metal Magnesium Market Overview

Metal magnesium, commonly known as magnesium, is a chemical element with the symbol Mg and atomic number 12. It is a lightweight, silvery-white metal that is highly reactive, particularly when exposed to oxygen and water. Magnesium is abundant in the Earth's crust and is found in various minerals, including dolomite, magnesite, and carnallite. It is extracted from these minerals through processes such as electrolysis and thermal reduction. Magnesium has numerous industrial applications due to its excellent strength-to-weight ratio, corrosion resistance, and electrical conductivity. It is commonly used in the aerospace industry for manufacturing aircraft components and structural materials. Magnesium alloys are also utilized in automotive manufacturing, where they contribute to lightweighting and fuel efficiency. Additionally, magnesium compounds are used in various other industries, including healthcare (as a dietary supplement), agriculture (as a fertilizer), and construction (as a fire-resistant material). Despite its importance, magnesium is highly flammable in its pure form and requires careful handling to prevent accidents.

Metal Magnesium Market Dynamics

The market dynamics analyzed in this market research report encapsulate a multifaceted interplay of drivers and constraints that significantly shape the landscape of the Metal Magnesium Market. The comprehensive analysis of both drivers and constraints enables a nuanced understanding of the market's dynamics, empowering businesses and stakeholders to make informed decisions in navigating the complexities of the market.

Metal Magnesium Market Scope

The report “Global Metal Magnesium Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Global Metal Magnesium Market by, Product

·        Sheets

·        Powder

·        Ingots

·        Other Products

Global Metal Magnesium Market by, Application

·        Aluminum Alloys

·        Die Casting

·        Iron & Steel Making

·        Titanium Reduction

·        Other Applications

Global Metal Magnesium Market by, End User

·        Automotive

·        Aerospace

·        Electronics

·        Healthcare

·        Other End Users

Global Metal Magnesium Market by, Geography

·        North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis.

·        Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis

·        Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis

·        South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis

·        Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

Key Players Profiled in this Research Report include:

·        Alliance Magnesium

·        Esan Eczacibasi

·        Latrobe Magnesium

·        Nippon Kinzoku Co. Ltd.

·        Regal Metal

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

·        SolikamskDesulphurizer Works (SZD)

·        VSMPO-Avisma Corp.

·        US Magnesium LLC

·        Western Magnesium Corp

What can be explored with this research report?

·        Understand global Metal Magnesium Market analysis, trends, and forecast to 2029.

·        Understand analysis of the Metal Magnesium Market structure by identifying various segments and sub-segments of the market.

·        Understand revenue forecast and strategic analysis concerning industry trends and contribution to the overall Metal Magnesium Market.

·        Understand the revenue forecast of the Metal Magnesium Market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

·        Identification of major market trends, and factors driving, restraining, threatening, and providing opportunities for the Metal Magnesium Market growth.

·        Analyzing opportunities by identification of high-growth segments/revenue pockets in the Metal Magnesium Market.

·        Understand major player profiles in the Metal Magnesium Market and analyze their business strategies.

·        Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the Metal Magnesium Market.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbreviations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.2 Market Restraints 
 4.3 Market Opportunities 
 4.4 Market Challenges 
 4.5 Impact of COVID-19 on the Metal Magnesium Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global Metal Magnesium Market by, Product 
 6.1 Overview 
 6.2 Sheets 
 6.3 Powder 
 6.4 Ingots 
 6.5 Other Products 
 
7 Global Metal Magnesium Market by, Application 
 7.1 Overview 
 7.2 Aluminum Alloys 
 7.3 Die Casting 
 7.4 Iron & Steel Making 
 7.5 Titanium Reduction 
 7.6 Other Applications 
 
8 Global Metal Magnesium Market by, End User 
 8.1 Overview 
 8.2 Automotive 
 8.3 Aerospace 
 8.4 Electronics 
 8.5 Healthcare 
 8.6 Other End Users 
 
9 Global Metal Magnesium Market by, Geography 
 9.1 Overview 
 9.2 North America 
 9.2.1 US
 9.2.2 Canada
 9.2.3 Mexico
 9.3 Europe 
 9.3.1 Germany
 9.3.2 France
 9.3.3 UK
 9.3.4 Italy
 9.3.5 Spain
 9.3.6 Rest of Europe
 9.4 Asia Pacific 
 9.4.1 China
 9.4.2 Japan
 9.4.3 India
 9.4.4 South Korea
 9.4.5 Australia
 9.4.6 New Zealand
 9.4.7 Rest of Asia Pacific
 9.5 South America 
 9.5.1 Brazil
 9.5.2 Argentina
 9.5.3 Chile
 9.5.4 Rest of South America
 9.6 Middle East & Africa 
 9.6.1 UAE
 9.6.2 Saudi Arabia
 9.6.3 Qatar
 9.6.4 Iran
 9.6.5 South Africa
 9.6.6 Rest of Middle East & Africa
 
10 Key Developments 
 
11 Company Profiling 
 11.1 Alliance Magnesium 
 11.1.1 Business Overview
 11.1.2 Product/Service Offering
 11.1.3 Financial Overview
 11.1.4 SWOT Analysis
 11.1.5 Key Activities
 11.2 Esan Eczacibasi 
 11.3 Latrobe Magnesium 
 11.4 Nippon Kinzoku Co. Ltd. 
 11.5 Regal Metal 
 11.6 Shanghai Sunglow Investment (Group) Co., Ltd. 
 11.7 SolikamskDesulphurizer Works (SZD) 
 11.8 VSMPO-Avisma Corp. 
 11.9 US Magnesium LLC 
 11.10 Western Magnesium Corp.