Press release
Magnesium Market to hit US$ 42.98 billion by 2032 | Top 5 Companies are Wenxi YinGuang Magnesium Industry (Group) Co. Ltd, Latrobe Magnesium, POSCO, RI.MA Group srl, Solikamsk Magnesium Works OAO
Magnesium Market
DataM Intelligence unveils its latest report on the "Magnesium Market Size 2025," offering an in-depth analysis of market trends, growth drivers, competitive landscape, and regional dynamics. The study covers market size in value and volume, CAGR forecasts, and emerging opportunities that can guide businesses in seizing growth potential and crafting winning strategies. Packed with data-driven insights on current developments and future trends, this report is essential for companies aiming to stay ahead in the competitive Market.
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Latest M&A in Magnesium
The magnesium market is seeing strategic acquisitions as companies seek to enhance production capacity, vertical integration, and sustainable sourcing.
Notable players like US Magnesium, Magnesium Elektron, and Rima Group are involved in capacity expansions, joint ventures, and potential acquisitions to secure raw material supply and downstream processing.
M&A also targets innovation in magnesium compounds for supplements and industrial applications, including lightweight materials for automotive and aerospace sectors.
List of Top Key Player:
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.
Forecast Projection:
The Global Magnesium Market is poised for significant growth between 2025 and 2032. In 2024, the market maintained a steady upward trajectory, and with strategic initiatives by leading players accelerating adoption, the market is expected to soar throughout the forecast period. Companies leveraging these trends are well-positioned to capture emerging opportunities and maximize revenue potential.
Market Intelligence Research Process:
The Magnesium Market research report by DataM Intelligence combines primary and secondary data to deliver deep, actionable insights. It examines the full spectrum of factors shaping the industry, from government regulations and market conditions to competitive dynamics, historical trends, technological breakthroughs, upcoming innovations, and potential challenges. This comprehensive analysis not only highlights growth prospects but also identifies barriers, equipping businesses to navigate market volatility and capitalize on emerging opportunities.
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Key Segmentation:
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,
Global Growth Regional Analysis:
⇥ 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)
Benefits of the Report:
Chapter 1 - Market Overview: Kickstarts the report with a comprehensive snapshot of the Magnesium Market, summarizing key segments by region, product type, and application. Highlights include market size, segment growth potential, and short- & long-term industry outlook.
Chapter 2 - Emerging Trends: Uncovers the game-changing trends and high-impact innovations shaping the future of the industry.
Chapter 3 - Competitive Landscape: Offers a deep dive into market competition, detailing revenue shares, strategic initiatives, and recent mergers & acquisitions.
Chapter 4 - Top Player Profiles: Features detailed company profiles, covering revenue, profit margins, product lines, and major milestones for leading market players.
Chapters 5 & 6 - Regional & Country Analysis: Breaks down revenue performance across global regions, providing insights on market sizes, opportunities, and growth prospects worldwide.
Chapter 7 - Segmentation Analysis: Explores market segmentation by type, revealing high-potential categories and guiding businesses towards lucrative areas.
Chapter 8 - Application Insights: Examines downstream markets and identifies promising sectors for expansion, showing how different applications are driving growth.
Chapter 9 - Supply Chain Mapping: Maps the entire industry supply chain, highlighting upstream and downstream activities for a holistic market perspective.
Chapter 10 - Key Takeaways: Concludes with critical insights and actionable strategies, equipping stakeholders to make informed decisions and stay ahead in the market.
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FAQ's
Q1: How large is the Magnesium Market?
Ans: The Magnesium Market size was valued at USD$ 27.65 billion in 2024 and is projected to grow to USD $ 42.98 billion by 2032.
Q2: How quickly is the Magnesium Market expanding?
Ans: The Magnesium Market is forecasted to grow at a CAGR of 5.67% between 2024 and 2031, showing strong growth momentum
Q3: Which regions are dominating the Magnesium Market and which are fastest-growing?
Ans: North America dominating the Magnesium market.
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Recent Product Launches and Innovations
Jungbunzlauer launched a fully-chelated, highly bioavailable magnesium bisglycinate product in 2025 at SupplySide Global and CPHI Frankfurt, optimized for supplement manufacturing with superior flowability and compressibility.
Sirio expanded its X Mg magnesium supplement range in 2025, highlighting wellness benefits from exercise recovery to sleep support.
Viridian Nutrition won the 2025 Best New Product Award for its Ionic Liquid Magnesium, praised for high absorption and sustainable sourcing from Great Salt Lake, Utah.
Innovations emphasize clean-label formulations, enhanced bioavailability, and applications in tablets, capsules, and functional food ingredients.
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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