Magnesium: Global Strategic Business Report

Global Magnesium Market to Reach $7.7 Billion by 2030

The global market for Magnesium estimated at US$4.4 Billion in the year 2022, is projected to reach a revised size of US$7.7 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030. Aluminum Alloying, one of the segments analyzed in the report, is projected to record 7.5% CAGR and reach US$2.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Die Casting segment is readjusted to a revised 8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 11.8% CAGR

The Magnesium market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 11.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

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

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year