In the metallurgical industry, magnesium powder is often used as a deoxidizer and reducing agent in steelmaking, ironmaking and non-ferrous metal smelting to improve metal purity. In military and civilian pyrotechnic materials, magnesium powder is widely used to make fireworks, flares, flares and detonators. In the aerospace field, magnesium powder is used as a solid propellant or high-temperature reaction material to improve propulsion efficiency. In the chemical industry, it is a common reducing agent for organic synthesis reactions such as the preparation of Grignard reagents.
The main production of magnesium powder in the world is concentrated in a few resource-rich countries and regions with smelting and processing capabilities. China is the world's largest producer and exporter of magnesium powder, and its products are widely exported to Asia, Europe and America. With its rich magnesium ore resources and military background, Russia is an important supplier of magnesium powder, and its products are mainly for the European market. In addition, the United States and Israel are also important magnesium powder producers in the world. Israel has developed high-quality magnesium metal and magnesium powder through the Dead Sea resources, and its products are widely exported to the European and American markets.
The demand for magnesium powder in Vietnam has shown a steady growth trend in recent years, mainly driven by the accelerated industrialization process and the upgrading of the manufacturing industry. According to the publisher's analysis, in the metallurgical field, magnesium powder is widely used in the deoxidation and desulfurization processes in steel production. With the expansion of Vietnam's steel industry, the demand for magnesium powder is gradually increasing. At the same time, magnesium powder is used as a reducing agent and catalyst carrier in the chemical industry, which is also driven by the development of Vietnam's local chemical industry. With Vietnam's layout in the aviation and other industries, its demand for high-purity, customized magnesium powder will also increase further.
According to the publisher's analysis, Vietnam currently has no large-scale industrial production facilities for magnesium metal or magnesium powder, and its overall production and processing capacity is very limited, and it is highly dependent on overseas imports. According to the publisher's analysis, Vietnam's magnesium powder imports reached US$4.05 million in 2024, an increase of 8% year-on-year. The main sources of imports include China, Japan and other countries. Among them, China is the largest source of imports of magnesium powder in Vietnam, accounting for more than 90%.
According to the publisher's analysis, Vietnamese magnesium powder importers mainly include foreign-funded enterprises in Vietnam, local chemical manufacturing enterprises in Vietnam, etc. The main importers of Vietnamese magnesium powder from 2021 to 2024 include JANG WON TECH VINA CO, LTD and other companies. The companies exporting magnesium powder to Vietnam mainly include metal companies and import and export traders. The main companies exporting this product to Vietnam from 2021 to 2024 are mainly some Chinese companies, including production companies and trading companies.
Overall, Vietnam's domestic production and processing capacity is very limited, and magnesium powder supply is highly dependent on imports. China is the largest import source of magnesium powder in Vietnam. The publisher predicts that the future demand prospects of Vietnam's magnesium powder market will be relatively broad, driven by the expansion of industrial applications, infrastructure construction and technology upgrades.
The publisher recommends that companies planning to enter the Vietnamese metal powder market should investigate the Vietnamese market as soon as possible to discover market opportunities. The publisher Vietnam Office will also assist foreign companies to better understand the Vietnamese and Southeast Asian markets.
Topics covered:
- The Import and Export of Magnesium Powder in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Magnesium Powder in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Magnesium Powder in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Magnesium Powder in Vietnam (January-June 2025)
- Average Import Price of Magnesium Powder in Vietnam (2021-2024)
- Top 10 Sources of Magnesium Powder Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of Magnesium Powder in Vietnam and Their Supply Volume
- Top 10 Importers of Magnesium Powder in Vietnam and Their Import Volume
- How to Find Distributors and End Users of Magnesium Powder in Vietnam
- How Foreign Enterprises Enter the Magnesium Powder Market of Vietnam
- Forecast for the Import of Magnesium Powder in Vietnam (2025-2034)
Table of Contents
Companies Mentioned
- JANG WON TECH VINA CO LTD
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | July 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 438.2 Million |
| Forecasted Market Value ( USD | $ 890.67 Million |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Vietnam |
