Global and U.S. Magnesium and Derivatives Market

Global and U.S. Magnesium and Derivatives Market (Product: Magnesium, Magnesium Alloys, and Magnesium Oxide; Application: Die Casting, Magnesium and Derivatives Alloys, Titanium Reduction, Iron & Steel Making, Drilling Fluids, Pigments, Fillers, Pyrotechnics, 3D Printing, Batteries, and Others) - Global and US Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2034

Global and U.S. Magnesium and Derivatives Market Outlook 2034

  • The global and U.S. magnesium and derivatives industry was valued at US$ 33.8 Bn in 2023
  • It is estimated to grow at a CAGR of 5.1% from 2024 to 2034
  • The global and U.S. magnesium and derivatives market is estimated to reach US$ 58.0 Bn by the end of 2034

Analysts’ Viewpoint on Global and U.S. Magnesium and Derivatives Market Scenario

The global and U.S. magnesium and derivatives market is anticipated to grow at a CAGR of 5.6% over the forecast period, due to the increasing number of end-uses such as building and construction, chemicals, and oil and gas. Due to the properties such as being lightweight, machinability, corrosive resistance, thermal conductivity, electromagnetic shielding, and strength, magnesium alloys are finding more applications in the aerospace and automotive sectors.

In the chemical sector, magnesium oxide is used for creating refractory materials. Magnesium alloys are used in lightweight building construction. Magnesium and derivatives are anticipated find more uses in 3D printing in the near future. Asia Pacific accounts for almost a third of global and U.S. magnesium and derivatives market due to the increasing industrial growth in countries such as China, India, and Japan.

China is the largest producer of magnesite with nearly 13 million metric tons. Global and U.S. magnesium and derivatives market manufacturers are investing in new production technologies to produce magnesium and derivatives at lower cost. Many manufacturers are increasing their production capacity.

Global and U.S. Magnesium and Derivatives Market Overview

The atomic number of Magnesium (Mg) is 12. It is lightweight and ranked as one of the abundant elements in the crust of the earth. It has found its presence in industrial and biological applications and the scenario is expected to persist during the forecast period.

Magnesium is a critical material in the context of lightweight engineering due to its superior strength to weight ratio. It has better thermal and electrical conductivity. It offers higher corrosion resistance upon alloying with the other elements.

  • Some of the major applications of magnesium include its usage in die-casting for aerospace and automotive components, and production of alloys. It is a vital element within biological systems, specifically in cellular functions and photosynthesis.

Magnesium alloys are valued highly for having deftness of machinability, superior strength to weight ratio, and being lightweight. They are mainly used in aerospace and automotive industries for manufacturing lightweight components without compromising on strength.

  • Some other applications of magnesium alloys include medical implants, sports equipment, and portable electronic devices. Magnesium alloys play a vital role in structural applications due to its lightweight property helping in attaining better performance and fuel efficiency in aircrafts and vehicles.

Magnesium oxide, alternatively known as magnesia, is hygroscopic mineral, which naturally exists as periclase. It has properties such as higher electrical resistivity and thermal conductivity. It is a highly suitable material for electrical insulation and refractory applications.

  • Magnesium oxide is mainly utilized in the production of glass, ceramic, and cement. It is used for neutralizing the acidic soils. It finds usage as a magnesium supplement in animal feeds. It find applications in pharmaceutical sector as an antacid and a laxative.

The aviation sector leads the global and U.S. magnesium and derivatives market outlook based on the property of magnesium and derivatives being lightweight.

Attribute Detail
Global and U.S. Magnesium and Derivatives Market Drivers
  • Growing Utilization of Magnesium Alloys in Aerospace Engineering
  • Accelerating Demand for Magnesium-based Lightweight Materials within Automotive Sector

Growing Utilization of Magnesium Alloys in Aerospace Engineering Propelling Global and U.S. Magnesium and Derivatives Market Growth

International Magnesium Association reports that the aerospace industry has a history of using magnesium in various civil and military applications. It is an area where reducing aircraft, spacecraft, and projectile weights is essential to reduce emissions and improve fuel efficiency. Magnesium is the ideal material for these applications as weight reduction in aluminum is at or near potential limits.

Fiber metal laminates and carbon fiber composites are too expensive, and low-density plastics have a poor impact and damage resistance when subjected to extreme temperatures. Magnesium is used in thrust reversers for the Boeing 737, 747, 757, and 767, as well as in jet engine fan frames, and aircraft and helicopter transmission casings.

The Aircraft Seat Design Standard SAE AS8049C has recently been revised to allow magnesium alloys in passenger aircraft seat frames if they meet specific FAA flammability criteria, and research continues to enable further use inside the cabin.

Magnesium and its alloys are also used in spacecraft and missiles. Therein, it is essential to reduce lift-off weight. The extreme conditions under which magnesium could be used, including shortwave electromagnetic radiation, ozone exposure, and the impact of high-energy particles, separate it from its counterparts. Another important requirement for magnesium is dimensional stability, as in the case of optical imaging devices carried by satellites.

Magnesium (Mg) alloys offer a host of advantages including low density, high specific strength, excellent biocompatibility, and effective electromagnetic shielding. All these properties make them an ideal structural material for weight reduction in aerospace applications like fuselage structures, aero engine frames and interior appliances.

Magnesium alloys, recognized for their high machinability and versatility, are also used in gearboxes, covers, helicopter transmissions, electronic housings, flight control systems, aircraft wheels, and many more. These applications maximize the fuel efficiency while benefiting from the toughness of the extruded magnesium.

In the aerospace industry, coated magnesium alloys now afford component designers high temperature performance, pressure tightness, and the ability to manufacture complex shapes reliably casting, machining, extruding or forging in large volumes. Surface-treated magnesium alloys enable engines and power transmissions to be operated safely at high temperatures without risking gear misalignment or requiring extra sealing against oil seepage.

A British company called Magnesium Elektron has produced its proprietary magnesium alloy known as the "Elektron 43 alloy" available for aircraft interiors. It has the ability to substitute the structural parts in a passenger seating structure to lower its weight as a whole. Moreover, this alloy of magnesium is also being used for the other parts like display instrument panels on a cockpit.

Accelerating Demand for Magnesium-based Lightweight Materials within Automotive Sector Accelerating Global and U.S. Magnesium and Derivatives Industry

Alloying of magnesium with elements like aluminum, silicon, and manganese has led to new applications in automotive components manufacturing. The superior low weight, when compared to the other lightweight materials such as aluminum, is the major advantage of magnesium alloys. A wheel made from magnesium alloys will have 32% lesser weight in comparison with aluminum alloy wheel.

Magnesium alloys’ superior strength to weight ratio facilitates meaningful reduction in weight without relinquishing the structural integrity. This aids in development of fuel-efficient vehicles having superior handling characteristics owing to reduction in inertia.

The major components made of magnesium alloys are summarized in four major vehicle systems such as body components, suspension and chassis components, power train components, and exterior and interior components:

Body Components:

Hoods and Doors: Lightweight magnesium alloys are used in hoods and doors of the vehicle to cut down on the weight and fuel used. Bumpers and Impact Bars: The lightweight magnesium structural components can absorb energy at the time of impact, thus ensuring safety without any extra weight.

Suspension and Chassis Components:

Magnesium alloys-based wheel rims are manufactured widely due to weight reduction in large percentage. This property helps to improve the fuel efficiency and vehicle handling. Magnesium alloys-based suspension components such as struts and control arms help in reducing unstrung weight to enhance handling and ride quality.

Powertrain Components:

Engine blocks made from magnesium alloy reduce the engine’s overall weight, thereby improving performance and fuel efficiency. Transmission housings made from magnesium alloys help in attaining better efficient and lighter powertrain.

Interior Components:

Seat frames made by using magnesium alloys help in minimizing weight, and maximizing safety and comfort. Lightweight magnesium components are utilized in instrument panels owing to their lower weight and durability.

Exterior Components:

Exterior grilles and trims made from magnesium alloys have features such as better appearance and lesser weight. Mirror assemblies made from magnesium-based materials help in reducing weight, and maintaining durability and strength.

Industrial Segment: Prominent End-use Segment in Global and U.S. Magnesium and Derivatives Market Report Highlight

The industrial segment leads the global and U.S. magnesium and derivatives market share owing to its wide variety of applications and high demand across various industries. Magnesium is indispensable in the automotive and aerospace industries, particularly due to its strength-to-weight ratio, in which lightweight material is critical to improve fuel efficiency and performance.

The use of magnesium and derivatives in the production of aluminum alloy and structural components, and die-casting further enhances the demand. Magnesium oxide is utilized in refractory materials to produce cement, glass, and steel owing to its anticorrosion properties and higher thermal stability. This also plays an important role in desulfurization in metal processing industries.

In electronics, derivatives of magnesium also find applications due to their dielectric and flame retardant characteristics. The applications of magnesium along with its derivatives exhibit versatility, economies of scale, and performance properties that ensure these products are paramount in industrial application, which dominates the global and U.S. magnesium and derivatives market of this segment.

Global and U.S. Magnesium and Derivatives Market Insights: Regional

Attribute Detail
Leading Region
  • Asia Pacific accounts for 33.8% of global magnesium and derivatives market share

The Asia-Pacific region dominates the global and U.S. magnesium and derivatives market scenario, attributed to its well-developed industrial base and speedy urbanization. China is the leading producer and consumer of magnesium as a result of abundance of raw material and low cost production processes.

Countries like China, India, and Japan's need for lightweight materials for their automotive and aerospace industries positively drives the consumption of magnesium. Magnesium derivatives have gained traction due to rapid growth in cement and steel production, and fireproofing applications.

Europe accounts for 30.4%, mainly because of its advanced automotive and aerospace sectors, increased concentration on lightweight material usage for improving fuel efficiency, extensive usage in construction and steel production, as well as their increasing usage in agriculture and healthcare segments.

North America has accounted for 18% of the global and U.S. magnesium and derivatives market owing to the existence of a strong automotive, aerospace, and electronics sector, as well as growing uptake of lightweight materials.

The Middle East & Africa region, at 12.5%, derives its advantage through growing construction and infrastructure projects utilizing magnesium derivatives in cement and steel. Latin America has a market share of 5.2% and demand on the back of agricultural applications and small developing industrial sectors.

Analysis of Key Players in Global and U.S. Magnesium and Derivatives Market

US Magnesium LLC is the global leader in primary magnesium production and management. US Magnesium LLC takes an active role in all the major industry areas: technology, refining, electrolysis, and recycling. US Magnesium LLC is the largest North America-based producer of primary magnesium. Solikamsk Magnesium Plant OJSC is the longest single enterprise to continuously produce primary magnesium in the world history of the magnesium industry.

Dead Sea Magnesium offers pure magnesium for aluminum alloys and for manufacture of zirconium and Titanium. The company offers magnesium alloy used in the other structural applications. Western Magnesium's proprietary process uses a silicothermic continuous process of producing primary pure magnesium with an efficiency of 99.8%.

This type of process seeks to achieve cost-effectiveness as far as human labor and energy are concerned, yet produces no toxins by-products. Some of the other major players in the global and U.S. magnesium and derivatives market are M-tec Powder GmbH, Latrobe Magnesium, Southern Magnesium & Chemicals Ltd and Shanxi Yinguang Huasheng Magnesium Industry Co. Ltd.

Global and U.S. Magnesium and Derivatives Market Developments

  • On December 28, 2023, reports suggested that Baowu Magnesium Industry Technology Co., Ltd made significant contribution in preparing the “Primary Magnesium Ingot” GB/T 3499-2023, a Chinese national standard. The "Primary Magnesium Ingot" national standard falls under the jurisdiction of TC243 (National Nonferrous Metals Standardization Technical Committee), is implemented by TC243SC1 (Light Metals Branch of the National Nonferrous Metals Standardization Technical Committee), and supervised by the China Nonferrous Metals Industry Association.
  • On August 2, 2021, it was reported that metal powder and cored wire manufacturer M-tec powder GmbH from Töging am Inn in Bavaria inaugurated storage and further processing capacities for metal powder at its Wesel branch. Magnesium powder and the other hazardous substances of storage class 4.3 can be stored and processed under the highest safety standards.
  • On April 20, 2020, it was reported that in the rail transit sector, the magnesium alloy precision extruded profiles developed and produced by Yinguang Group have been successfully integrated into high-speed rail vehicles. To date, over 160 high-speed trains have been outfitted with these profiles, marking a significant advancement in the use of magnesium alloys for rail transit and advancing lightweight technology in the field.

Each of these players has been profiled in the global and U.S. magnesium and derivatives market research report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments

Global and U.S. Magnesium and Derivatives Market Snapshot

Attribute Detail
Market Size Value in 2023 US$ 33.8 Bn
Market Forecast Value in 2034 US$ 58.0 Bn
Growth Rate (CAGR) 5.1%
Forecast Period 2024-2034
Historical Data Available for 2020-2023
Quantitative Units US$ Bn for Value & Tons for Volume
Market Analysis It includes cross-segment analysis at the global as well as regional level. Furthermore, the qualitative analysis includes drivers, restraints, Magnesium and Derivatives market business opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.
Competition Landscape
  • Market share analysis by company (2023)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy and recent developments, and key financials
Format Electronic (PDF) + Excel
Market Segmentation
  • Product
    • Magnesium
    • Magnesium Alloys
    • Magnesium Oxide
  • Application
    • Die Casting
    • Aluminum Alloys
    • Titanium Reduction
    • Iron & Steel Making
    • Drilling Fluids
    • Pigments
    • Fillers
    • Pyrotechnics
    • 3D Printing
    • Batteries
    • Others
  • End-use
    • Aerospace
    • Automotive
    • Electronics
    • Packaging
    • Building and Construction
    • Plastics
    • Rubber
    • Chemicals
    • Defense
    • Oil and Gas
    • Healthcare and Pharma
    • Industrial
    • Others
Regions Covered
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
Countries Covered
  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia and CIS
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC
  • South Africa
Companies Profiled
  • Dead Sea Magnesium
  • M-Tec Powder GmbH
  • Latrobe Magnesium
  • Solikamsk Magnesium Plant OJSC
  • Southern Magnesium & Chemicals Ltd
  • US Magnesium LLC
  • Meridian Lightweight Technologies
  • Magnotec Limited
  • Mag Specialties Inc
  • Luxfer MEL Technologies
  • VSMPO-AVISMA Corporation
  • RHI Magnesita
  • Premier Magnesia LLC
  • Grecian Magnesita SA
  • Israel Chemicals Limited
  • Western Magnesium
  • Shanxi Yinguang Huasheng Magnesium Industry Co. Ltd
  • Other Leading Players in the Market
Customization Scope Available upon request
Pricing Available upon request

Frequently Asked Questions

How big was the global and U.S. magnesium and derivatives market in 2023?

The global and U.S. magnesium and derivatives market was valued at US$ 33.8 Bn in 2023.

How is the global and U.S. magnesium and derivatives market expected to grow by 2034?

The magnesium and derivatives industry is expected to grow at a CAGR of 5.1% from 2024 to 2034.

What are the key drivers of the global and U.S. magnesium and derivatives market?

Growing utilization of magnesium alloys in aerospace engineering and accelerating demand for magnesium-based lightweight materials within the automotive sector.

Which was the largest segment of the global and U.S. magnesium and derivatives market in 2023?

Magnesium alloys was the largest product segment and its value is anticipated to grow at a CAGR of 5.2% during the forecast period.

Which region was the most lucrative in the Global and U.S. Magnesium and derivatives industry in 2023?

Asia Pacific was the most lucrative region in 2023.

Who are the prominent players in the Magnesium and derivatives business?

Dead Sea Magnesium, M-Tech Powder GmbH, Latrobe Magnesium, Solikamsk Magnesium Plant OJSC, Southern Magnesium & Chemicals Ltd, US Magnesium LLC, Meridian Lightweight Technologies, Magnotec Limited, Mag Specialties Inc, Luxfer MEL Technologies, VSMPO-AVISMA Corporation, RHI Magnesita, Premier Magnesia LLC, Grecian Magnesita SA, Israel Chemicals Limited, Western Magnesium, and Shanxi Yinguang Huasheng Magnesium Industry Co. Ltd are the major players in the magnesium and derivatives market.

    1. Executive Summary

        1.1. Global and U.S. Magnesium and Derivatives Market Outlook

        1.2. Demand Side Trends

        1.3. Key Facts and Figures

        1.4. Global and U.S. Magnesium and Derivatives Market Trends

        1.5. TMR’s Growth Opportunity Wheel

    2. Market Overview

        2.1. Global and U.S. Magnesium and Derivatives Market Segmentation

        2.2. Key Global and U.S. Magnesium and Derivatives Market Developments

        2.3. Market Definitions

        2.4. Key Market Trends

        2.5. Global and U.S. Magnesium and Derivatives Market Dynamics

            2.5.1. Drivers

            2.5.2. Restraints

            2.5.3. Global and U.S. Magnesium and Derivatives Business Opportunities

        2.6. Global and U.S. Magnesium and Derivatives Market Size and Forecasts, 2024-2034

            2.6.1. Global and U.S. Magnesium and Derivatives Market Volume (Tons)

            2.6.2. Global and U.S. Magnesium and Derivatives Market Revenue (US$ Bn)

        2.7. Porter’s Five Forces Analysis

        2.8. Regulatory Landscape

        2.9. Value Chain Analysis

            2.9.1. List of Raw Material Providers

            2.9.2. List of Manufacturers

            2.9.3. List of Dealers/Distributors

            2.9.4. List of Potential Customers

        2.10. Production Overview

        2.11. Product Specification Analysis

        2.12. Cost Structure Analysis

    3. Economic Recovery Post COVID-19

        3.1. Impact on the Supply Chain of the Global and U.S. Magnesium and Derivatives Market

        3.2. Recovery in the Demand of Global and U.S. Magnesium and Derivatives Industry- Post Crisis

    4. Impact of Current Geopolitical Scenario on Market

    5. Production Output Analysis (Tons), 2023

        5.1. North America

        5.2. Europe

        5.3. Asia Pacific

        5.4. Latin America

        5.5. Middle East and Africa

    6. Price Trend Analysis and Forecast (US$/Ton), 2024-2034

        6.1. Price Comparison Analysis by Product

        6.2. Price Comparison Analysis by Region

    7. Global and U.S. Magnesium and Derivatives Market Analysis and Forecast, by Product, 2024-2034

        7.1. Introduction and Definitions

        7.2. Global and U.S. Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Product, 2024-2034

            7.2.1. Magnesium

            7.2.2. Magnesium Alloys

            7.2.3. Barium Sulfate

            7.2.4. Magnesium Oxide

        7.3. Global and U.S. Magnesium and Derivatives Market Attractiveness, by Product

    8. Global and U.S. Magnesium and Derivatives Market Analysis and Forecast, by Application, 2024-2034

        8.1. Introduction and Definitions

        8.2. Global and U.S. Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Application, 2024-2034

            8.2.1. Die Casting

            8.2.2. Aluminum Alloys

            8.2.3. Titanium Reduction

            8.2.4. Iron & Steel Making

            8.2.5. Drilling Fluids

            8.2.6. Pigments

            8.2.7. Fillers

            8.2.8. Pyrotechnics

            8.2.9. 3D Printing

            8.2.10. Batteries

            8.2.11. Others

        8.3. Global and U.S. Magnesium and Derivatives Market Attractiveness, by Application

    9. Global and U.S. Magnesium and Derivatives Market Analysis and Forecast, End-use, 2024-2034

        9.1. Introduction and Definitions

        9.2. Global and U.S. Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034

            9.2.1. Aerospace

            9.2.2. Automotive

            9.2.3. Electronics

            9.2.4. Packaging

            9.2.5. Building and Construction

            9.2.6. Plastics

            9.2.7. Rubber

            9.2.8. Chemicals

            9.2.9. Defense

            9.2.10. Oil and Gas

            9.2.11. Healthcare and Pharma

            9.2.12. Industrial

            9.2.13. Others

        9.3. Global and U.S. Magnesium and Derivatives Market Attractiveness, by End-use

    10. Global and U.S. Magnesium and Derivatives Market Analysis and Forecast, by Region, 2024-2034

        10.1. Key Findings

        10.2. Global and U.S. Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Region, 2024-2034

            10.2.1. North America

            10.2.2. Europe

            10.2.3. Asia Pacific

            10.2.4. Latin America

            10.2.5. Middle East & Africa

        10.3. Global and U.S. Magnesium and Derivatives Market Attractiveness, by Region

    11. North America Magnesium and Derivatives Market Analysis and Forecast, 2024-2034

        11.1. Key Findings

        11.2. North America Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Product, 2024-2034

        11.3. North America Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Application, 2024-2034

        11.4. North America Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034

        11.5. North America Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Country, 2024-2034

            11.5.1. U.S. Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Product, 2024-2034

            11.5.2. U.S. Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Application, 2024-2034

            11.5.3. U.S. Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034

        11.6. North America Magnesium and Derivatives Market Attractiveness Analysis

    12. Europe Magnesium and Derivatives Market Analysis and Forecast, 2024-2034

        12.1. Key Findings

        12.2. Europe Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Product, 2024-2034

        12.3. Europe Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Application, 2024-2034

        12.4. Europe Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034

        12.5. Europe Magnesium and Derivatives Market Attractiveness Analysis

    13. Asia Pacific Magnesium and Derivatives Market Analysis and Forecast, 2024-2034

        13.1. Key Findings

        13.2. Asia Pacific Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Product

        13.3. Asia Pacific Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Application, 2024-2034

        13.4. Asia Pacific Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034

        13.5. Asia Pacific Magnesium and Derivatives Market Attractiveness Analysis

    14. Latin America Magnesium and Derivatives Market Analysis and Forecast, 2024-2034

        14.1. Key Findings

        14.2. Latin America Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Product, 2024-2034

        14.3. Latin America Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Application, 2024-2034

        14.4. Latin America Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034

        14.5. Latin America Magnesium and Derivatives Market Attractiveness Analysis

    15. Middle East & Africa Magnesium and Derivatives Market Analysis and Forecast, 2024-2034

        15.1. Key Findings

        15.2. Middle East & Africa Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Product, 2024-2034

        15.3. Middle East & Africa Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Application, 2024-2034

        15.4. Middle East & Africa Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by End-use, 2024-2034

        15.5. Middle East & Africa Magnesium and Derivatives Market Volume (Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2024-2034

        15.6. Middle East & Africa Magnesium and Derivatives Market Attractiveness Analysis

    16. Competition Landscape

        16.1. Global and U.S. Magnesium and Derivatives Market Manufacturers - Competition Matrix (by Tier and Size of Companies)

        16.2. Global and U.S. Magnesium and Derivatives Market Share Analysis, 2023

        16.3. Market Footprint Analysis

            16.3.1. By Product

            16.3.2. By Application

            16.3.3. By End-use

        16.4. Company Profiles

            16.4.1. Dead Sea Magnesium

                16.4.1.1. Company Revenue

                16.4.1.2. Business Overview

                16.4.1.3. Product Segments

                16.4.1.4. Geographic Footprint

                16.4.1.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.1.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.2. M-Tec Powder GmbH

                16.4.2.1. Company Revenue

                16.4.2.2. Business Overview

                16.4.2.3. Product Segments

                16.4.2.4. Geographic Footprint

                16.4.2.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.2.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.3. Latrobe Magnesium

                16.4.3.1. Company Revenue

                16.4.3.2. Business Overview

                16.4.3.3. Product Segments

                16.4.3.4. Geographic Footprint

                16.4.3.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.3.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.4. Solikamsk Magnesium Plant OJSC

                16.4.4.1. Company Revenue

                16.4.4.2. Business Overview

                16.4.4.3. Product Segments

                16.4.4.4. Geographic Footprint

                16.4.4.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.4.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.5. Southern Magnesium & Chemicals Ltd.

                16.4.5.1. Company Revenue

                16.4.5.2. Business Overview

                16.4.5.3. Product Segments

                16.4.5.4. Geographic Footprint

                16.4.5.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.5.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.6. US Magnesium LLC

                16.4.6.1. Company Revenue

                16.4.6.2. Business Overview

                16.4.6.3. Product Segments

                16.4.6.4. Geographic Footprint

                16.4.6.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.6.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.7. Meridian Lightweight Technologies

                16.4.7.1. Company Revenue

                16.4.7.2. Business Overview

                16.4.7.3. Product Segments

                16.4.7.4. Geographic Footprint

                16.4.7.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.7.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.8. Magnotec Limited

                16.4.8.1. Company Revenue

                16.4.8.2. Business Overview

                16.4.8.3. Product Segments

                16.4.8.4. Geographic Footprint

                16.4.8.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.8.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.9. Mag Specialties Inc

                16.4.9.1. Company Revenue

                16.4.9.2. Business Overview

                16.4.9.3. Product Segments

                16.4.9.4. Geographic Footprint

                16.4.9.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.9.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.10. Luxfer MEL Technologies

                16.4.10.1. Company Revenue

                16.4.10.2. Business Overview

                16.4.10.3. Product Segments

                16.4.10.4. Geographic Footprint

                16.4.10.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.10.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.11. VSMPO-AVISMA Corporation

                16.4.11.1. Company Revenue

                16.4.11.2. Business Overview

                16.4.11.3. Product Segments

                16.4.11.4. Geographic Footprint

                16.4.11.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.11.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.12. RHI Magnesita

                16.4.12.1. Company Revenue

                16.4.12.2. Business Overview

                16.4.12.3. Product Segments

                16.4.12.4. Geographic Footprint

                16.4.12.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.12.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.13. Premier Magnesia LLC

                16.4.13.1. Company Revenue

                16.4.13.2. Business Overview

                16.4.13.3. Product Segments

                16.4.13.4. Geographic Footprint

                16.4.13.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.13.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.14. Grecian Magnesita SA

                16.4.14.1. Company Revenue

                16.4.14.2. Business Overview

                16.4.14.3. Product Segments

                16.4.14.4. Geographic Footprint

                16.4.14.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.14.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.15. Israel Chemicals Limited

                16.4.15.1. Company Revenue

                16.4.15.2. Business Overview

                16.4.15.3. Product Segments

                16.4.15.4. Geographic Footprint

                16.4.15.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.15.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.16. Western Magnesium

                16.4.16.1. Company Revenue

                16.4.16.2. Business Overview

                16.4.16.3. Product Segments

                16.4.16.4. Geographic Footprint

                16.4.16.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.16.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            16.4.17. Shanxi Yinguang Huasheng Magnesium Industry Co. Ltd

                16.4.17.1. Company Revenue

                16.4.17.2. Business Overview

                16.4.17.3. Product Segments

                16.4.17.4. Geographic Footprint

                16.4.17.5. Production Capacity/Plant Details, etc. (*As Applicable)

                16.4.17.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

    17. Primary Research: Key Insights

    18. Appendix

    List of Tables

    Table 01 Global and U.S. Magnesium and Derivatives Market Volume (Tons) Forecast, by Product, 2024-2034

    Table 02 Global and U.S. Magnesium and Derivatives Market Value (US$ Bn) Forecast, by Product, 2024-2034

    Table 03 Global and U.S. Magnesium and Derivatives Market Volume (Tons) Forecast, by Application, 2024-2034

    Table 04 Global and U.S. Magnesium and Derivatives Market Value (US$ Bn) Forecast, by Application, 2024-2034

    Table 05 Global and U.S. Magnesium and Derivatives Market Volume (Tons) Forecast, by End-use, 2024-2034

    Table 06 Global and U.S. Magnesium and Derivatives Market Value (US$ Bn) Forecast, by End-use, 2024-2034

    Table 07 Global and U.S. Magnesium and Derivatives Market Volume (Tons) Forecast, by Region, 2024-2034

    Table 08 Global and U.S. Magnesium and Derivatives Market Value (US$ Bn) Forecast, by Region, 2024-2034

    Table 09 North America Magnesium and Derivatives Market Volume (Tons) Forecast, by Product, 2024-2034

    Table 10 North America Magnesium and Derivatives Market Value (US$ Bn) Forecast, by Product, 2024-2034

    Table 11 North America Magnesium and Derivatives Market Volume (Tons) Forecast, by Application, 2024-2034

    Table 12 North America Magnesium and Derivatives Market Value (US$ Bn) Forecast, by Application, 2024-2034

    Table 13 North America Magnesium and Derivatives Market Volume (Tons) Forecast, by End-use, 2024-2034

    Table 14 North America Magnesium and Derivatives Market Value (US$ Bn) Forecast, by End-use, 2024-2034

    Table 15 U.S. Magnesium and Derivatives Market Volume (Tons) Forecast, by Product, 2024-2034

    Table 16 U.S. Magnesium and Derivatives Market Value (US$ Bn) Forecast, by Product, 2024-2034

    Table 17 U.S. Magnesium and Derivatives Market Volume (Tons) Forecast, by Application, 2024-2034

    Table 18 U.S. Magnesium and Derivatives Market Value (US$ Bn) Forecast, by Application, 2024-2034

    Table 19 U.S. Magnesium and Derivatives Market Volume (Tons) Forecast, by End-use, 2024-2034

    Table 20 U.S. Magnesium and Derivatives Market Value (US$ Bn) Forecast, by End-use, 2024-2034

    Table 21 Europe Magnesium and Derivatives Market Volume (Tons) Forecast, by Product, 2024-2034

    Table 22 Europe Magnesium and Derivatives Market Value (US$ Bn) Forecast, by Product, 2024-2034

    Table 23 Europe Magnesium and Derivatives Market Volume (Tons) Forecast, by Application, 2024-2034

    Table 24 Europe Magnesium and Derivatives Market Value (US$ Bn) Forecast, by Application, 2024-2034

    Table 25 Europe Magnesium and Derivatives Market Volume (Tons) Forecast, by End-use, 2024-2034

    Table 26 Europe Magnesium and Derivatives Market Value (US$ Bn) Forecast, by End-use, 2024-2034

    Table 27 Asia Pacific Magnesium and Derivatives Market Volume (Tons) Forecast, by Product, 2024-2034

    Table 28 Asia Pacific Magnesium and Derivatives Market Value (US$ Bn) Forecast, by Product, 2024-2034

    Table 29 Asia Pacific Magnesium and Derivatives Market Volume (Tons) Forecast, by Application, 2024-2034

    Table 30 Asia Pacific Magnesium and Derivatives Market Value (US$ Bn) Forecast, by Application, 2024-2034

    Table 31 Asia Pacific Magnesium and Derivatives Market Volume (Tons) Forecast, by End-use, 2024-2034

    Table 32 Asia Pacific Magnesium and Derivatives Market Value (US$ Bn) Forecast, by End-use, 2024-2034

    Table 33 Latin America Magnesium and Derivatives Market Volume (Tons) Forecast, by Product, 2024-2034

    Table 34 Latin America Magnesium and Derivatives Market Value (US$ Bn) Forecast, by Product, 2024-2034

    Table 35 Latin America Magnesium and Derivatives Market Volume (Tons) Forecast, by Application, 2024-2034

    Table 36 Latin America Magnesium and Derivatives Market Value (US$ Bn) Forecast, by Application, 2024-2034

    Table 37 Latin America Magnesium and Derivatives Market Volume (Tons) Forecast, by End-use, 2024-2034

    Table 38 Latin America Magnesium and Derivatives Market Value (US$ Bn) Forecast, by End-use, 2024-2034

    Table 39 Middle East & Africa Magnesium and Derivatives Market Volume (Tons) Forecast, by Product, 2024-2034

    Table 40 Middle East & Africa Magnesium and Derivatives Market Value (US$ Bn) Forecast, by Product, 2024-2034

    Table 41 Middle East & Africa Magnesium and Derivatives Market Volume (Tons) Forecast, by Application, 2024-2034

    Table 42 Middle East & Africa Magnesium and Derivatives Market Value (US$ Bn) Forecast, by Application, 2024-2034

    Table 43 Middle East & Africa Magnesium and Derivatives Market Volume (Tons) Forecast, by End-use, 2024-2034

    Table 44 Middle East & Africa Magnesium and Derivatives Market Value (US$ Bn) Forecast, by End-use, 2024-2034

    List of Figures

    Figure 01: Global and U.S. Magnesium and Derivatives Market Volume Share Analysis, by Product, 2023, 2027, and 2034

    Figure 02: Global and U.S. Magnesium and Derivatives Market Attractiveness, by Product

    Figure 03: Global and U.S. Magnesium and Derivatives Market Volume Share Analysis, by Application, 2023, 2027, and 2034

    Figure 04: Global and U.S. Magnesium and Derivatives Market Attractiveness, by Application

    Figure 05: Global and U.S. Magnesium and Derivatives Market Volume Share Analysis, by End-use, 2023, 2027, and 2034

    Figure 06: Global and U.S. Magnesium and Derivatives Market Attractiveness, by End-use

    Figure 07: Global and U.S. Magnesium and Derivatives Market Volume Share Analysis, by Region, 2023, 2027, and 2034

    Figure 08: Global and U.S. Magnesium and Derivatives Market Attractiveness, by Region

    Figure 09: North America Magnesium and Derivatives Market Volume Share Analysis, by Product, 2023, 2027, and 2034

    Figure 10: North America Magnesium and Derivatives Market Attractiveness, by Product

    Figure 11: North America Magnesium and Derivatives Market Volume Share Analysis, by Application, 2023, 2027, and 2034

    Figure 12: North America Magnesium and Derivatives Market Attractiveness, by Application

    Figure 13: North America Magnesium and Derivatives Market Volume Share Analysis, by End-use, 2023, 2027, and 2034

    Figure 14: North America Magnesium and Derivatives Market Attractiveness, by End-use

    Figure 15: Europe Magnesium and Derivatives Market Volume Share Analysis, by Product, 2023, 2027, and 2034

    Figure 16: Europe Magnesium and Derivatives Market Attractiveness, by Product

    Figure 17: Europe Magnesium and Derivatives Market Volume Share Analysis, by Application, 2023, 2027, and 2034

    Figure 18: Europe Magnesium and Derivatives Market Attractiveness, by Application

    Figure 19: Europe Magnesium and Derivatives Market Volume Share Analysis, by End-use, 2023, 2027, and 2034

    Figure 20: Europe Magnesium and Derivatives Market Attractiveness, by End-use

    Figure 21: Asia Pacific Magnesium and Derivatives Market Volume Share Analysis, by Product, 2023, 2027, and 2034

    Figure 22: Asia Pacific Magnesium and Derivatives Market Attractiveness, by Product

    Figure 23: Asia Pacific Magnesium and Derivatives Market Volume Share Analysis, by Application, 2023, 2027, and 2034

    Figure 24: Asia Pacific Magnesium and Derivatives Market Attractiveness, by Application

    Figure 25: Asia Pacific Magnesium and Derivatives Market Volume Share Analysis, by End-use, 2023, 2027, and 2034

    Figure 26: Asia Pacific Magnesium and Derivatives Market Attractiveness, by End-use

    Figure 27: Latin America Magnesium and Derivatives Market Volume Share Analysis, by Product, 2023, 2027, and 2034

    Figure 28: Latin America Magnesium and Derivatives Market Attractiveness, by Product

    Figure 29: Latin America Magnesium and Derivatives Market Volume Share Analysis, by Application, 2023, 2027, and 2034

    Figure 30: Latin America Magnesium and Derivatives Market Attractiveness, by Application

    Figure 31: Latin America Magnesium and Derivatives Market Volume Share Analysis, by End-use, 2023, 2027, and 2034

    Figure 32: Latin America Magnesium and Derivatives Market Attractiveness, by End-use

    Figure 33: Middle East & Africa Magnesium and Derivatives Market Volume Share Analysis, by Product, 2023, 2027, and 2034

    Figure 34: Middle East & Africa Magnesium and Derivatives Market Attractiveness, by Product

    Figure 35: Middle East & Africa Magnesium and Derivatives Market Volume Share Analysis, by Application, 2023, 2027, and 2034

    Figure 36: Middle East & Africa Magnesium and Derivatives Market Attractiveness, by Application

    Figure 37: Middle East & Africa Magnesium and Derivatives Market Volume Share Analysis, by End-use, 2023, 2027, and 2034

    Figure 38: Middle East & Africa Magnesium and Derivatives Market Attractiveness, by End-use

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