Magnesium Metal Market, By Application (Die-casting, Aluminum Alloys, Metal Reduction, Desulphurization, Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)
Magnesium Metal Market is estimated to be valued at USD 6.23 Bn in 2025 and is expected to reach USD 11.96 Bn by 2032, growing at a compound annual growth rate (CAGR) of 9.77% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 6.23 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
9.77%
2032 Value Projection:
USD 11.96 Bn
Magnesium metal is a type of a light metal which is silvery white in color. Magnesium metal is very light as compared to the other metals used for structural purposes such as aluminum and steel. Moreover, magnesium metal can be derived from various sources such as sea salt or electrolysis of brine solution, as it is one of the most abundantly available element in the world. Magnesium metal also finds its applications across a various end user industries such as production of aluminum alloys and die-castings, owing to its physical properties and low density.
Market Dynamics
The global magnesium metal market has witnessed an increase in growth in terms of revenue, in recent past years, owing to the rising demand of magnesium from the aerospace, automotive, and healthcare industry. This is mainly due to lower weight and superior compressive strength. Furthermore, the surge in growth of automotive and aerospace industries in emerging economies across the globe is further anticipated to provide lucrative growth to global magnesium metal market in the forthcoming years.
On the basis of application, the global magnesium metal market is bifurcated in to aluminum alloys, die-casting, metal reduction, desulphurization and others. Among regions, Asia Pacific is expected to observe substantial growth in term of revenue, during the forecast period, owing to the steady rise in growth of various end user industries such as electronics, automotive, pharmaceutical, and packaging and others.
Key features of the study
This report provides in-depth analysis of global magnesium metal market size (USD Bn and Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year,
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players.
It profiles leading players in the global magnesium metal market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
Key companies covered as a part of this study includes US Magnesium LLC., Dead Sea Magnesium Ltd., POSCO, RIMA Group, Solikamsk Magnesium Works OAO, Wenxi YinGuang Magnesium Industry (Group) Co., Ltd., Shanxi Wenxi Hongfu Magnesium Co., Ltd., Shanxi Wenxi Zhenxin Magnesium Co., Ltd., and Taiyuan Tongxiang Magnesium Co., Ltd.
Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics.
The global magnesium metal market report caters to various stakeholders in this industry including investors, suppliers, global magnesium metal manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global magnesium metal market.
Market Segmentation
Global Magnesium Metal Market, By Application
Die-casting
Aluminum Alloys
Metal Reduction
Desulphurization
Others
Global Magnesium Metal Market, By Region
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
France
Germany
Italy
Spain
U.K.
Nordic
Benelux
Russia
Poland
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Company Profiles
US Magnesium LLC
Dead Sea Magnesium Ltd.
POSCO
RIMA Group
Solikamsk Magnesium Works OAO
Wenxi YinGuang Magnesium Industry (Group) Co., Ltd.
Shanxi Wenxi Hongfu Magnesium Co., Ltd.
Shanxi Wenxi Zhenxin Magnesium Co., Ltd.
Taiyuan Tongxiang Magnesium Co., Ltd.
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
PEST Analysis
PORTER's Analysis
New Product Approvals/Launch
Promotion and Marketing Initiatives
4. Global Magnesium Metal Market, By Application, 2020 - 2032 (USD Bn and Tons)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Die-casting
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn and Tons)
Aluminum Alloys
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn and Tons)
Metal Reduction
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn and Tons)
Desulphurization
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn and Tons)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn and Tons)
5. Global Magnesium Metal Market, By Region, 2020- 2032 (USD Bn and Tons)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Region, 2021 - 2032
North America
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
U.S.
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Canada
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Latin America
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
Brazil
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Argentina
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Mexico
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Rest of Latin America
Sub-region/Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Europe
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
France
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Germany
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Italy
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Spain
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
U.K.
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Nordic
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Benelux
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Russia
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Poland
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Rest of Europe
Sub-region/Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Asia Pacific
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
China
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
India
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Japan
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Oceania
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
ASEAN
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Rest of Asia Pacific
Sub-region/Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Middle East & Africa
Market Share Analysis, By Country/ Sub-region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, By Country/ Sub-region, 2020 - 2032
GCC
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
South Africa
Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
Rest of Middle East & Africa
Sub-region/Country Trends
Market Size and Forecast, By Application, 2020- 2032 (USD Bn and Tons)
6. Competitive Landscape
Market Share Analysis
Company Profiles
US Magnesium LLC
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Dead Sea Magnesium Ltd.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
POSCO
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
RIMA Group
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Solikamsk Magnesium Works OAO
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Wenxi YinGuang Magnesium Industry (Group) Co., Ltd.