Published by Coherent Market Insights
Posted on October 8, 2021
3 min readLast updated: January 30, 2026
The magnesium metal market is set to surpass $6.5 billion by 2027, driven by demand in aluminum alloys and electronics. Key players include US Magnesium LLC and POSCO.
The global magnesium metal market is estimated to surpass US$ 6.5 billion by the end of 2027, in terms of revenue, growing at CAGR of 7.2% during the forecast period (2019 to 2027).
Magnesium metal is one of the lightest metal which can be used for structural applications. It is a silvery-white metal and can be extracted from seawater or brines. One of the major application areas of magnesium metal is the production of aluminum where it is used to improved physical properties and processability of metal. They are mostly used to make lighter components and also used in iron and steel desulphurization applications.
A detailed report on Global Magnesium Metal Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Magnesium Metal market: US Magnesium LLC., Dead Sea Magnesium Ltd., POSCO, RIMA Group, Solikamsk Magnesium Works OAO, Wenxi YinGuang Magnesium Industry (Group) Co., Ltd., Shanxi Wenxi Hongfu Magnesium Co., Ltd., Shanxi Wenxi Zhenxin Magnesium Co., Ltd., and Taiyuan Tongxiang Magnesium Co., Ltd.
Regional Analysis For Magnesium Metal Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Magnesium Metal market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Market Opportunities
The growing production of consumer electronic goods around the globe is expected to augment the market growth of magnesium metal. Magnesium metal is widely used in the production of lightweight electronic devices such as cameras where it is used in the body and lens shell of the camera. Hence, the growing application of magnesium metal from electronic industry is expected to accelerate the market growth of magnesium metal.
Key Takeaways
Among application, aluminum alloys dominated the global magnesium metal market in 2018 with a 32% of market share in terms of revenue, followed by die-casting and metal reduction, respectively.
Market Trends
The growing investment by the manufacturer to increase production is expected to accelerate market growth. For instance, in September 2019, Western Magnesium Corporation announced a non-brokered private placement with a U.S. based private investment firm. The private placement will provide the Company with US$ 5 Million to finance the Company’s growth strategy and ongoing operations.
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The post Magnesium Metal market Key Trends And Step Forward The Driving Growth Of The market Growth, Key Players | US Magnesium LLC., Dead Sea Magnesium Ltd., POSCO, appeared first on Gatorledger.
The article discusses the growth and key trends in the global magnesium metal market.
Key players include US Magnesium LLC, Dead Sea Magnesium Ltd., and POSCO.
Magnesium is used in aluminum production, electronics, and steel desulphurization.
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