Press release
Magnesium Market Growth Accelerated by Lightweighting in EVs, Aerospace Applications, and Advancements in High-Performance Alloy Manufacturing
Magnesium Market
Magnesium Market is positioned for robust growth, and shifting market dynamics reshaping the competitive landscape. DataM Intelligence's new report provides data-driven insights, SWOT analysis, and marketing-ready intelligence for businesses seeking to improve market penetration and campaign ROI.
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Magnesium Market Recent Key Developments
Magnesium Market - Recent Key Developments (USA)
July 2025 - US Magnesium LLC announced capacity expansion at its Utah plant to meet surging demand from automotive lightweighting and aerospace applications.
June 2025 - The U.S. Department of Energy (DOE) launched a magnesium battery research initiative aimed at developing safer, higher-density energy storage solutions.
May 2025 - Mag Specialties Inc. partnered with a U.S. automaker to develop magnesium alloy structural components for next-generation electric vehicles.
Magnesium Market - Recent Key Developments (Japan)
July 2025 - Kumera Corporation Japan initiated production of advanced corrosion-resistant magnesium alloys for marine and industrial applications.
June 2025 - Kobe Steel, Ltd. collaborated with Japanese automakers to scale production of ultra-light magnesium alloys for fuel-efficient vehicles.
May 2025 - UACJ Corporation unveiled a new magnesium extrusion process enabling stronger yet lighter materials for aerospace frames.
Strategic Players Driving the Magnesium Market Forward :
Dead Sea Magnesium Ltd., US Magnesium LLC, Gossan Resources, Wenxi YinGuang Magnesium Industry (Group) Co. Ltd, Latrobe Magnesium, POSCO, RI.MA Group srl, Solikamsk Magnesium Works OAO, Shanxi Wenxi Hongfu Magnesium Co., Ltd. and Taiyuan Tongxiang Magnesium Co., Ltd.
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Segment Covered in the Magnesium Market:
By Product
Pure Magnesium
Magnesium Compounds
Magnesium Alloys
Others
By Application
Die Casting
Aluminum Alloys
Titanium Reduction
Iron & Steel Making
Others
By End-User
Automotive
Aerospace
Defense
Construction
Healthcare
Electronics
Others
Regional Analysis for Magnesium Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Most Frequently Asked Questions in the Magnesium Market Research Industry:
✒ What are the primary drivers fueling growth in the Magnesium Market today?
✒ Which companies are currently leading innovation and market share in the Magnesium Market?
✒ In what ways is the current regulatory environment influencing the Magnesium Market's trajectory?
✒ Which geographic regions are forecasted to experience the strongest growth in the Magnesium Market-and why?
✒ What are the key barriers or challenges that could limit the growth of the Magnesium Market?
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