Magnesium Metal Market

Market Insights on Magnesium Metal covering sales outlook, demand forecast & up-to-date key trends

Magnesium Metal Market By Application (Die-casting, Aluminium Alloys, Metal Reduction, Desulphurization, Others) & Region - Forecast 2021 - 2031

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Magnesium Metal Market Overview

[160 Pages Report] The market for magnesium metal witnessed a massive slowdown in its progress as a result of the spread of the Covid-19 pandemic across the globe. The level of demand declined to the extreme level due to lockdown creating hurdles for the key players operating in this market. However as recovery commences in 2021, major players are recuperating their positions through production expansion, capacity utilization, and online selling in 2021 keeping in view the covid-19 norms.

Leading corporations including 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., Taiyuan Tongxiang Magnesium Co., Ltd., and others are making high investments in the establishment of research institutes in different regions to come up with improvements in their offerings.

They are adopting business strategies such as sales contracts, strategic alliances, acquiring technical expertise, product approvals, patents and events, joint ventures, partnership agreements, collaborations, digital marketing, mergers and acquisitions, capacity utilizations, technological advancements, etc. to lead the global market for magnesium metal with largest market share.

For instance, in December 2020, Western Magnesium Corporation announced that the company is at a stage in the development to move forward with the creation of the Sales and Corporate Partnerships Division. Under this division, Western Magnesium Corporation officially engages with companies in various industries such as automotive, aerospace, eco-friendly technology companies, the US Government, and the Department of Defense, who have an interest in the production of magnesium metal.

In terms of growth, the Asia Pacific region is projected to dominate the market during the forecast period. The automobile and aerospace industries are growing in developing countries like India and prefer magnesium in production processes for weight reduction to make better performance products.

With the rising activities from both the defense and civil aviation sectors, manufacturing activities are expected to be carried out in India. Latin America and MEA are also expected to register high growth rates in the magnesium metal market over the forecast period, owing to the growth of aviation industries in the region. Other regions are expected to witness decent growth levels in the magnesium metal market during the forecast period.

The report covers comprehensive information about market trends, volume (metric tonnes) and value (US$ Mn) projections, market dynamics, competition, and recent developments in the global magnesium metal market for the study period 2021 to 2031.

The global magnesium metal market is expected to grow at a CAGR of over 7% through 2031. Advancements in automobile manufacturing, increasing adoption in aviation capacity, and expansion of crude steel production are some of the factors expected to lay the robust foundation for the growth of the global magnesium metal market.

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Magnesium Metal – Definition

Magnesium metal, a silvery white metal, is one of the lightest metals available for structural applications. Magnesium metal is around 33% lighter than aluminium and nearly 67% lighter than steel.

Moreover, magnesium metal is one of the most abundant elements in the world, and can be obtained from various mineral sources - also from sea water or brines. Magnesium metal finds a variety of applications across a diverse set of industries.

Some of the prominent application areas for magnesium metal include the production of aluminium alloys, where magnesium metal effects improved physical properties and processability of these alloys.

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Another prominent application area for magnesium metal is die-casting. Comparable physical attributes coupled with a relatively lower density of magnesium metal helps the manufacture of components that are lighter, yet adhering to exacting standards.

The relatively higher affinity of magnesium metal towards sulphur renders it ideal for use in iron and steel desulphurization applications. Moreover, magnesium metal is also used as a reductant in the production of metals such as titanium, uranium, hafnium, and zirconium, among others.

Increasing Emphasis on Automotive Light-weighting to Boost Demand for Magnesium Metal

Growing automotive sales and a corresponding increase in automotive /vehicle parc are expected to result in a significant increase in environmental greenhouse gas emissions. According to EPA, the transportation sector accounted for around 26% of overall greenhouse gas emissions in 2014 in the U.S.

Thus, in order to tackle the menace of increasing environmental pollution emanating from the transportation sector, the development of greener technologies and vehicles that are all the more fuel-efficient has emerged as a top priority for automotive industry think tanks and related R&D activities.

Magnesium metal is one of the most versatile metals on earth. It is around 65% lighter than steel and 33% lighter than aluminium. Moreover, the use of magnesium metal for automotive components results in parts that are not only lighter in weight but also relatively more dimensionally stable. Besides, several intricate and thin-walled components can be manufactured with relatively more ease vis-à-vis some of the conventional materials.

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Use of Magnesium in Aircraft Applications to Fuel Global Market Revenue Growth

The use of magnesium metal and magnesium metal alloys in aircraft and aerospace applications is expected to witness a steady growth over the forecast period. Over the years, aircraft manufacturers across the globe have focussed on developing lighter and more fuel-efficient aircraft in order to adhere to stringent emission norms and regulations imposed by various regulatory bodies and associations.

Magnesium metal is one of the lightest metals on Earth. Moreover, magnesium metal is relatively more dimensionally stable, resistant to elevated temperatures, and relatively easier to process. In order to effect weight saving without compromising structural strength and effectiveness, magnesium metal has found application in the aerospace and aircraft industry.

Several engines and other related components made of magnesium metal and magnesium alloys are a part of present-day aircraft.

For instance, components made from magnesium metal and alloys, thereof, are a part of some of The Boeing Company’s aircraft (Boeing 636, 646, etc.). However, the use of magnesium metal and magnesium metal alloys for cabin and aircraft interior parts was restricted by regulatory bodies and organizations such as SAE (Society of Automotive Engineers), which develop the necessary standards.

Magnesium Metal Market Regional Analysis and Outlook

The Asia Pacific excluding Japan market is expected to exhibit a relatively higher CAGR than other regions over the forecast period, owing to the significant level of investments in the automobile industry, and crude steel production, thus incurring a high need for magnesium metal.

Latin America and MEA are also expected to register high growth rates in the magnesium metal market over the forecast period, owing to the growth of aviation industries in the region. The rest of the world is expected to witness decent growth levels in the magnesium metal market during the forecast period.

Competitive Landscape Overview

The magnesium metal market is a highly competitive market, consisting of tier-1 global scale manufacturers and a greater proportion of small-scale magnesium metal manufacturers catering to domestic demand. However, large industrial operations seek products from reputed magnesium metal manufacturers for demand procurement.

Key strategies employed by tier-1 magnesium metal manufacturers include the provision effective sales and services, strategic tie-ups with regional distributors/manufacturers to foray expansion in untapped markets, and undergoing restructuring business operations to optimize the use of resources.

Some of the market participants identified in the magnesium metal market are 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.

Key Questions Answered in the Magnesium Metal Market Report

How has the magnesium metal market evolved in the past four years?
What shape is the magnesium metal market expected to take in terms of volume and value during the study period?
What are some of the prevailing market dynamics in the magnesium metal market?
What are the competition developments and trends in the magnesium metal market?
What are some of the underlying macro-economic and industry factors impacting the growth of the magnesium metal market?
What are the important key challenges, opportunities, and improvement factors for magnesium metal market players?
What are the important market positioning and key strategies of key manufacturers as per the magnesium metal market taxonomy?
How is the competition structured at present, and how has it evolved in the magnesium metal market over the past few years?

Magnesium Metal Market: Segmentation

By Application

Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excl. Japan
Middle East and Africa
Japan

Frequently Asked Questions

What is the Growth Outlook for Magnesium Metal Market?

The magnesium metal market is likely to secure a CAGR of 8.6% through 2032.

By 2032, how much can the Magnesium Metal Market Grow?

The magnesium metal market size is estimated to cross US$ 10.22 Bn by 2032.

What is the Current Valuation of the Magnesium Metal Market?

The magnesium metal market is likely to record a value of US$ 4.48 Bn in 2022.

Which Region is likely to Lead the Magnesium Metal Market?

Asia Pacific is likely to lead the magnesium metal market.

Table of Content

1. Executive Summary

2. Assumptions and Acronyms

3. Research Methodology

4. Magnesium Market Overview

    4.1. Introduction

        4.1.1. Magnesium Definition

        4.1.2. Magnesium Market Taxonomy

        4.1.3. Magnesium Applications Overview

    4.2. Magnesium Dynamics

        4.2.1. Drivers

        4.2.2. Restraints

        4.2.3. Opportunity

        4.2.4. Value Chain

        4.2.5. Process & Cost Structure Overview

    4.3. Magnesium Production Capacity Distribution Analysis

5. Global Magnesium Forecast

    5.1. Market Size Forecast

        5.1.1. Y-o-Y Growth Projections

        5.1.2. Absolute $ Opportunity

    5.2. Regional Average Pricing Analysis (2015)

    5.3. Global Magnesium Snapshot (2015)

        5.3.1. Market Share, By Region

        5.3.2. Market Share, By Application 

6. Global Magnesium Analysis, By Application 

    6.1. Introduction

        6.1.1. Y-o-Y Growth Comparison, By Application 

        6.1.2. Market Share & Basis Point (BPS) Analysis, By Application 

    6.2. Market Forecast, By Application

        6.2.1. Aluminium Alloys

            6.2.1.1. Absolute $ Opportunity

            6.2.1.2. Market Size Forecast

        6.2.2. Die-Casting

            6.2.2.1. Absolute $ Opportunity

            6.2.2.2. Market Size Forecast

        6.2.3. Desulphurization

            6.2.3.1. Absolute $ Opportunity

            6.2.3.2. Market Size Forecast

        6.2.4. Metal Reduction

            6.2.4.1. Absolute $ Opportunity

            6.2.4.2. Market Size Forecast

        6.2.5. Others

            6.2.5.1. Absolute $ Opportunity

            6.2.5.2. Market Size Forecast

    6.3. Market Attractiveness Analysis, By Application 

7. Global Magnesium Analysis, By Region

        7.1. Introduction

            7.1.1. Y-o-Y Growth Projections, By Region

            7.1.2. Market Share & Basis Point (BPS) Analysis, By Region

        7.2. Market Forecast, By Region

            7.2.1. North America Market Size Forecast

            7.2.2. Latin America Market Size Forecast

            7.2.3. Western Europe Market Size Forecast

            7.2.4. Eastern Europe Market Size Forecast

            7.2.5. APEJ Market Size Forecast

            7.2.6. Japan Market Size Forecast

            7.2.7. MEA Market Size Forecast

        7.3. Regional Attractiveness Analysis

8. North America Magnesium Analysis

    8.1. Introduction

        8.1.1. Y-o-Y Growth Projections, By Country

        8.1.2. Market Share & Basis Point (BPS) Analysis, By Country

    8.2. North America Market Forecast

        8.2.1. Market Size Forecast, By Country

            8.2.1.1. US Absolute $ Opportunity

            8.2.1.2. Canada Absolute $ Opportunity

        8.2.2. Market Size Forecast, By Application

            8.2.2.1. Aluminium Alloys

            8.2.2.2. Die-Casting

            8.2.2.3. Desulphurization

            8.2.2.4. Metal Reduction

            8.2.2.5. Others

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Application 

9. Western Europe Magnesium Analysis

    9.1. Introduction

        9.1.1. Y-o-Y Growth Projections, By Country

        9.1.2. Market Share & Basis Point (BPS) Analysis, By Country

    9.2. Western Europe Market Forecast

        9.2.1. Market Size Forecast, By Country

            9.2.1.1. EU-5 Absolute $ Opportunity

            9.2.1.2. Benelux Absolute $ Opportunity

            9.2.1.3. Nordic Absolute $ Opportunity

            9.2.1.4. Rest of Western Europe Absolute $ Opportunity

    9.3. Market Size Forecast, By Application

        9.3.1. Aluminium Alloys

        9.3.2. Die-Casting

        9.3.3. Desulphurization

        9.3.4. Metal Reduction

        9.3.5. Others

    9.4. Market Attractiveness Analysis

10. Eastern Europe Magnesium Analysis

    10.1. Introduction

        10.1.1. Y-o-Y Growth Projections, By Country

        10.1.2. Market Share & Basis Point (BPS) Analysis, By Country

    10.2. Eastern Europe Market Forecast

        10.2.1. Market Size Forecast, By Country

            10.2.1.1. Russia Absolute $ Opportunity

            10.2.1.2. Poland Absolute $ Opportunity

            10.2.1.3. Rest of Western Europe Absolute $ Opportunity

        10.2.2. Market Size Forecast, By Application

            10.2.2.1. Aluminium Alloys

            10.2.2.2. Die-Casting

            10.2.2.3. Desulphurization

            10.2.2.4. Metal Reduction

            10.2.2.5. Others

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Application 

11. APEJ Magnesium Analysis

    11.1. Introduction

        11.1.1. Y-o-Y Growth Projections, By Country

        11.1.2. Market Share & Basis Point (BPS) Analysis, By Country

    11.2. APEJ Market Forecast

        11.2.1. Market Size Forecast, By Country

            11.2.1.1. China Absolute $ Opportunity

            11.2.1.2. India Absolute $ Opportunity

            11.2.1.3. South Korea Absolute $ Opportunity

            11.2.1.4. Rest of APEJ Absolute $ Opportunity

    11.3. Market Size Forecast, By Application

        11.3.1. Aluminium Alloys

        11.3.2. Die-Casting

        11.3.3. Desulphurization

        11.3.4. Metal Reduction

        11.3.5. Others

    11.4. Market Attractiveness Analysis

        11.4.1. By Country

        11.4.2. By Application 

12. Japan Magnesium Analysis

    12.1. Introduction

        12.1.1. Y-o-Y Growth Projection, by Application

        12.1.2. Market Share & Basis Point (BPS) Analysis, By Application

    12.2. Market Size Forecast, By Application

        12.2.1. Aluminium Alloys

        12.2.2. Die-Casting

        12.2.3. Desulphurization

        12.2.4. Metal Reduction

        12.2.5. Others

    12.3. Market Attractiveness Analysis

        12.3.1. By Application 

13. MEA Magnesium Market Analysis

    13.1. Introduction

        13.1.1. Y-o-Y Growth Projections, By Country

        13.1.2. Market Share & Basis Point (BPS) Analysis, By Country

    13.2. MEA Market Forecast

        13.2.1. Market Size Forecast, By Country

            13.2.1.1. Turkey Absolute $ Opportunity

            13.2.1.2. GCC Absolute $ Opportunity

            13.2.1.3. South Africa Absolute $ Opportunity

            13.2.1.4. Rest of MEA Absolute $ Opportunity

    13.3. MEA Market Forecast

        13.3.1. Market Size Forecast, By Application

            13.3.1.1. Aluminium Alloys

            13.3.1.2. Die-Casting

            13.3.1.3. Desulphurization

            13.3.1.4. Metal Reduction

            13.3.1.5. Others

    13.4. Market Attractiveness Analysis

        13.4.1. By Application 

        13.4.2. By Country 

14. Latin America Magnesium Analysis

    14.1. Introduction

        14.1.1. Y-o-Y Growth Projections, By Country

        14.1.2. Market Share & Basis Point (BPS) Analysis, By Country

    14.2. Latin America Market Forecast

        14.2.1. Market Size Forecast, By Country

            14.2.1.1. Brazil Absolute $ Opportunity

            14.2.1.2. Mexico Absolute $ Opportunity

            14.2.1.3. Argentina Absolute $ Opportunity

            14.2.1.4. Rest of Latin America Absolute $ Opportunity

    14.3. Market Size Forecast, By Application

        14.3.1. Aluminium Alloys

        14.3.2. Die-Casting

        14.3.3. Desulphurization

        14.3.4. Metal Reduction

        14.3.5. Others

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Application 

15. Competition Landscape

    15.1. Competition Dashboard

    15.2. Company Profiles

        15.2.1. US Magnesium LLC.

        15.2.2. Dead Sea Magnesium Ltd.

        15.2.3. POSCO

        15.2.4. RIMA Group.

        15.2.5. Solikamsk Magnesium Works OAO

        15.2.6. Wenxi YinGuang Magnesium Industry (Group) Co., Ltd

        15.2.7. Shanxi Wenxi Hongfu Magnesium Co., Ltd. 

        15.2.8. Shanxi Wenxi Zhenxin Magnesium Co., Ltd

        15.2.9. Taiyuan Tongxiang Magnesium Co., Ltd

List of Tables

Table 01: Global Magnesium Market Value (US$ Mn) & Volume (metric tons), By Apppcation

Table 02: Global Magnesium Market Value (US$ Mn) & Volume (metric tons), By Region – 2021-2031

Table 03: North America Magnesium Market Value (US$ Mn) & Volume (metric tons), By Country

Table 04: North America Magnesium Market Value (US$ Mn) & Volume (metric tons), By Apppcation

Table 05: Western Europe Magnesium Market Value (US$ Mn) & Volume (metric tons), By Region

Table 06: Western Europe Magnesium Market Value (US$ Mn) & Volume (metric tons), By Apppcation

Table 07: Eastern Europe Magnesium Market Value (US$ Mn) & Volume (metric tons), By Country

Table 08: Eastern Europe Magnesium Market Value (US$ Mn) & Volume (metric tons), By Apppcation

Table 09: APEJ Magnesium Market Value (US$ Mn) & Volume (metric tons), By Country

Table 10: APEJ Magnesium Market Value (US$ Mn) & Volume (metric tons), By Apppcation

Table 11: Japan Magnesium Market Value (US$ Mn) & Volume (metric tons), By Apppcation

Table 12: MEA Magnesium Market Value (US$ Mn) & Volume (metric tons), By Country

Table 13: MEA Magnesium Market Value (US$ Mn) & Volume (metric tons), By Apppcation

Table 14: Latin America Magnesium Market Value (US$ Mn) & Volume (metric tons), By Country

Table 15: Latin America Magnesium Market Value (US$ Mn) & Volume (metric tons), By Apppcation

Nikhil Kaitwade

Principal Consultant

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List of Charts

Figure 1: Global Magnesium Market Volume (metric tons) and Value (US$ Mn), 2021-2031

Figure 2: Global Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 3: Global Magnesium Market Value Share By Application, 2021 & 2031

Figure 4: Global Magnesium Market Value Y-o-Y Growth By Application, 2021-2031

Figure 5: Global Magnesium Market Volume (metric tons) and Value (US$ Mn) by Aluminium Alloys Application, 2021-2031

Figure 6: Global Magnesium Market Absolute $ Opportunity (US$ Mn) by Aluminium Alloys Application, 2021-2031

Figure 7: Global Magnesium Market Volume (metric tons) and Value (US$ Mn) by Die-casting Application, 2021-2031

Figure 8: Global Magnesium Market Absolute $ Opportunity (US$ Mn) by Die-casting Application, 2021-2031

Figure 9: Global Magnesium Market Volume (metric tons) and Value (US$ Mn) by Metal Reduction Application, 2021-2031

Figure 10: Global Magnesium Market Absolute $ Opportunity (US$ Mn) by Metal Reduction Application, 2021-2031

Figure 11: Global Magnesium Market Volume (metric tons) and Value (US$ Mn) by Desulphurization Application, 2021-2031

Figure 12: Global Magnesium Market Absolute $ Opportunity (US$ Mn) by Desulphurization Application, 2021-2031

Figure 13: Global Magnesium Market Volume (metric tons) and Value (US$ Mn) by Others Application, 2021-2031

Figure 14: Global Magnesium Market Absolute $ Opportunity (US$ Mn) by Others Application, 2021-2031

Figure 15: Global Magnesium Market Attractiveness Index by Application, 2021

Figure 16: Global Magnesium Market Value Share By Region, 2021 & 2031

Figure 17: Global Magnesium Market Value Y-o-Y Growth By Region, 2021-2031

Figure 18: Global Magnesium Market Value Y-o-Y Growth, By Region, 2021-2031

Figure 19: North America Magnesium Market Value (US$ Mn) and Volume (metric tons), 2021-2031

Figure 20: North America Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 21: North America Magnesium Market Value Share and BPS Analysis by Country, 2015 & 2025

Figure 22: North America Magnesium Market Volume Y-o-Y Growth by Country, 2021–2026

Figure 23: U.S. Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 24: Canada Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 25: North America Magnesium Market Absolute $ Opportunity (US$ Mn), By Die-casting Segment, 2021-2031

Figure 26: North America Magnesium Market Absolute $ Opportunity (US$ Mn), By Aluminium Alloys Segment, 2021-2031

Figure 27: North America Magnesium Market Absolute $ Opportunity (US$ Mn), By Metal Reduction Segment, 2021-2031

Figure 28: North America Magnesium Market Absolute $ Opportunity (US$ Mn), By Desulphurization Segment, 2021-2031

Figure 29: North America Magnesium Market Absolute $ Opportunity (US$ Mn), By Others Segment, 2021-2031

Figure 30: North America Magnesium Market, Attractiveness Analysis, By Application, 2021-2031

Figure 31: North America Magnesium Market, Attractiveness Analysis, By Country, 2021–2026

Figure 32: Western Europe Magnesium Market Value (US$ Mn) and Volume (metric tons), 2021-2031

Figure 33: Western Europe Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 34: Western Europe Magnesium Market Value Share and BPS Analysis by Region, 2021 & 2031

Figure 35: Western Europe Magnesium Market Volume Y-o-Y Growth by Region, 2021-2031

Figure 36: EU-5 Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 37: Benelux Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 38: Nordic Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 39: Rest of Western Europe Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 40: Western Europe Magnesium Market Absolute $ Opportunity (US$ Mn), By Die-casting Segment, 2021-2031

Figure 41: Western Europe Magnesium Market Absolute $ Opportunity (US$ Mn), By Aluminum Alloys Segment, 2021-2031

Figure 42: Western Europe Magnesium Market Absolute $ Opportunity (US$ Mn), By Metal Reduction Segment, 2021-2031

Figure 43: Western Europe Magnesium Market Absolute $ Opportunity (US$ Mn), By Desulphurization Segment, 2021-2031

Figure 44: Western Europe Magnesium Market Absolute $ Opportunity (US$ Mn), By Others Segment, 2021-2031

Figure 45: Western Europe Magnesium Market, Attractiveness Analysis, By Country, 2021–2026

Figure 46: Western Europe Magnesium Market, Attractiveness Analysis, By Application, 2021–2026

Figure 47: Eastern Europe Magnesium Market Value (US$ Mn) and Volume (metric tons), 2021-2031

Figure 48: Eastern Europe Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 49: Eastern Europe Magnesium Market Value Share and BPS Analysis by Country, 2021 & 2031

Figure 50: Eastern Europe Magnesium Market Volume Y-o-Y Growth by Country, 2021–2026

Figure 51: Russia Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 52: Poland Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 53: Rest of Eastern Europe Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 54: Eastern Europe Magnesium Market Absolute $ Opportunity (US$ Mn), By Die-casting Segment, 2021-2031

Figure 55: Eastern Europe Magnesium Market Absolute $ Opportunity (US$ Mn), By Aluminum Alloys Segment, 2021-2031

Figure 56: Eastern Europe Magnesium Market Absolute $ Opportunity (US$ Mn), By Metal Reduction Segment, 2021 ? 2026

Figure 57: Eastern Europe Magnesium Market Absolute $ Opportunity (US$ Mn), By Desulphurization Segment, 2021-2031

Figure 58: Eastern Europe Magnesium Market Absolute $ Opportunity (US$ Mn), By Others Segment, 2021-2031

Figure 59: Eastern Europe Magnesium Market, Attractiveness Analysis, By Application, 2021-2031

Figure 60: Eastern Europe Magnesium Market, Attractiveness Analysis, By Country, 2021–2026

Figure 61: APEJ Magnesium Market Value (US$ Mn) and Volume (metric tons), 2021-2031

Figure 62: APEJ Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 63: APEJ Magnesium Market Value Share and BPS Analysis by Country, 2021 & 2031

Figure 64: APEJ Magnesium Market Volume Y-o-Y Growth by Country, 2021-2031

Figure 65: China Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 66: India Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 67: South Korea Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 68: Rest of APEJ Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 69: APEJ Magnesium Market Absolute $ Opportunity (US$ Mn), By Die-casting Segment, 2021-2031

Figure 70: APEJ Magnesium Market Absolute $ Opportunity (US$ Mn), By Aluminum Alloys Segment, 2021-2031

Figure 71: APEJ Magnesium Market Absolute $ Opportunity (US$ Mn), By Metal Reduction Segment, 2021-2031

Figure 72: APEJ Magnesium Market Absolute $ Opportunity (US$ Mn), By Desulphurization Segment, 2021-2031

Figure 73: APEJ Magnesium Market Absolute $ Opportunity (US$ Mn), By Others Segment, 2021-2031

Figure 74: APEJ Magnesium Market, Attractiveness Analysis, By Application, 2021-2031

Figure 75: APEJ Magnesium Market, Attractiveness Analysis, By Country, 2021–2026

Figure 76: Japan Magnesium Market Value (US$ Mn) and Volume (metric tons), 2021-2031

Figure 77: Japan Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 78: Japan Magnesium Market Value Share and BPS Analysis by Application, 2021 & 2031

Figure 79: Japan Magnesium Market Volume Y-o-Y Growth by Application, 2021–2026

Figure 80: Japan Magnesium Market Absolute $ Opportunity (US$ Mn), By Die-casting Segment, 2021-2031

Figure 81: Japan Magnesium Market Absolute $ Opportunity (US$ Mn), By Aluminum Alloys Segment, 2021-2031

Figure 82: Japan Magnesium Market Absolute $ Opportunity (US$ Mn), By Metal Reduction Segment, 2021-2031

Figure 83: Japan Magnesium Market Absolute $ Opportunity (US$ Mn), By Desulphurization Segment, 2021-2031

Figure 84: Japan Magnesium Market Absolute $ Opportunity (US$ Mn), By Others Segment, 2021-2031

Figure 85: MEA Magnesium Market Value (US$ Mn) and Volume (metric tons), 2021-2031

Figure 86: MEA Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 87: MEA Magnesium Market Value Share and BPS Analysis by Country, 2021 & 2031

Figure 88: MEA Magnesium Market Volume Y-o-Y Growth by Country, 2021-2031

Figure 89: Turkey Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 90: GCC Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 91: South Africa Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 92: Rest of MEA Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 93: MEA Magnesium Market Absolute $ Opportunity (US$ Mn), By Die-casting Segment, 2021-2031

Figure 94: MEA Magnesium Market Absolute $ Opportunity (US$ Mn), By Aluminum Alloys Segment, 2021-2031

Figure 95: MEA Magnesium Market Absolute $ Opportunity (US$ Mn), By Metal Reduction Segment, 2021-2031

Figure 96: MEA Magnesium Market Absolute $ Opportunity (US$ Mn), By Desulphurization Segment, 2021-2031

Figure 97: MEA Magnesium Market Absolute $ Opportunity (US$ Mn), By Others Segment, 2021-2031

Figure 98: MEA Magnesium Market, Attractiveness Analysis, By Country, 2021–2026

Figure 99: MEA Magnesium Market, Attractiveness Analysis, By Application, 2021–2026

Figure 100: Latin America Magnesium Market Value (US$ Mn) and Volume (metric tons), 2021-2031

Figure 101: Latin America Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 102: Latin America Magnesium Market Value Share and BPS Analysis by Country, 2021 & 2031

Figure 103: Latin America Magnesium Market Volume Y-o-Y Growth by Country, 2021-2031

Figure 104: Brazil Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 105: Argentina Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 106: Mexico Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 107: Rest Of Latin America Magnesium Market Absolute $ Opportunity (US$ Mn), 2021-2031

Figure 108: Latin America Magnesium Market Absolute $ Opportunity (US$ Mn), By Die-casting Segment, 2021-2031

Figure 109: Latin America Magnesium Market Absolute $ Opportunity (US$ Mn), By Aluminum Alloys Segment, 2021-2031

Figure 110: Latin America Magnesium Market Absolute $ Opportunity (US$ Mn), By Metal Reduction Segment, 2021-2031

Figure 111: Latin America Magnesium Market Absolute $ Opportunity (US$ Mn), By Desulphurization Segment, 2021-2031

Figure 112: Latin America Magnesium Market Absolute $ Opportunity (US$ Mn), By Others Segment, 2021-2031

Figure 113: Latin America Magnesium Market, Attractiveness Analysis, By Country, 2021–2026

Figure 114: Latin America Magnesium Market, Attractiveness Analysis, By Application, 2021–2026