Press release
Magnesium-Based Solid Hydrogen Storage Material Market Outlook 2025: Emerging Trends, Growth Forecast, and Key Players Analysis
The global Magnesium-based Solid Hydrogen Storage Material market is projected to grow from US$ 37.6 million in 2025 to US$ 623 million by 2031, at a Compound Annual Growth Rate (CAGR) of 59.7% during the forecast period.
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MG Power, GRIMAT and Shanghai H2store Energy Technology are top 3 manufacturers of magnesium-based solid hydrogen storage material, accounting for 65%. Other giants in the industry include Biocoke Lab, Sigma Aldrich and Jiangsu JITRI Advanced Energy Materials, etc.
Americas is the largest market by region, making up over 50%, followed by APAC and Europe. Based on the shape of material, the product can be divided into 2 types--powder and block solid hydrogen storage material, where the powder gains a share over 70%.
In terms of application, new energy and medical are two main segments. And new energy is the largest one, holding a share about 80%. Hydrogen storage in metal hydrides, compared to conventional methods, is regarded as one of the best solutions due to the higher volumetric storage capacity and safety.
Magnesium and magnesium-based alloys are promising candidates for hydrogen storage. The hydrogen storage capacity of magnesium in the form of MgH2 amounts to 7.6 wt%.
Details of Magnesium-based Solid Hydrogen Storage Material Market Segmentation: -
Segment by Key Manufacturers:
MG Power
GRIMAT
Shanghai H2store Energy Technology
Biocoke Lab
Sigma Aldrich
Jiangsu JITRI Advanced Energy Materials
Shanghai Laienergy Hydrogen
Segment by Type
Powder Solid Hydrogen Storage Material
Block Solid Hydrogen Storage Material
Segment by Application
New Energy
Medical
Others
Players can use the report to gain sound understanding of the growth trend of important segments of the global Magnesium-based Solid Hydrogen Storage Material market. The report offers separate analysis of product type and application segments of the global Magnesium-based Solid Hydrogen Storage Material market. Each segment is studied in great detail to provide a clear and thorough analysis of its market growth, future growth potential, growth rate, growth drivers, and other key factors. The segmental analysis offered in the report will help players to discover rewarding growth pockets of the global Magnesium-based Solid Hydrogen Storage Material market and gain a competitive advantage over their opponents.
Key regions including but not limited to North America, Asia Pacific, Europe, and the MEA are exhaustively analyzed based on market size, CAGR, market potential, economic and political factors, regulatory scenarios, and other significant parameters. The regional analysis provided in the Magnesium-based Solid Hydrogen Storage Material report will help market participants to identify lucrative and untapped business opportunities in different regions and countries. It includes a special study on production and production rate, import and export, and consumption in each regional Magnesium-based Solid Hydrogen Storage Material market considered for research. The report also offers detailed analysis of country-level Magnesium-based Solid Hydrogen Storage Material markets.
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Highlights of TOC
Market Overview: In this section, the report brings to light the scope of products and the global Magnesium-based Solid Hydrogen Storage Material market. It also gives a glimpse of key type and application segments of the global Magnesium-based Solid Hydrogen Storage Material market besides the global and regional market size forecast provided by the analysts.
Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and global market size. It also covers market share and growth rate by regions.
Competition by Manufacturer: It informs readers about production, revenue, and price shares of different manufacturers operating in the global Magnesium-based Solid Hydrogen Storage Material market. It also talks about their product types, areas served, and production sites.
Breakdown by Product and Application: This section provides details about market size by product and application.
Production by Region: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.
Manufacturing Cost Analysis: Here, the report offers key raw material analysis, manufacturing process analysis, and industrial chain analysis and discusses about manufacturing cost structure.
Marketing Channels, Distributors, and Customers: Marketing channels are analyzed taking into consideration indirect marketing and direct marketing.
Market Dynamics: This section includes key analysis of market influence factors, challenges, drivers, opportunities, and trends.
Market Forecast: It includes revenue and production forecast for the global Magnesium-based Solid Hydrogen Storage Material market, production forecast by region, consumption forecast by region, production, revenue, and price forecast by type, and consumption forecast by application.
Research Findings and Conclusion
Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.
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