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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)
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US $ 4,500 £Ü 6,327,000
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US $ 7,000 £Ü 9,842,000
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US $ 10,000 £Ü 14,060,000
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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

Market Segmentation

Table of Contents

1. Research Objectives and Assumptions

2. Market Purview

3. Market Dynamics, Regulations, and Trends Analysis

4. Global Magnesium Metal Market, By Application, 2020 - 2032 (USD Bn and Tons)

5. Global Magnesium Metal Market, By Region, 2020- 2032 (USD Bn and Tons)

6. Competitive Landscape

7. References

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