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 |
|
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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
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.
Metal Magnesium Market