Strategic Developments Propel Magnesium Metal Market Toward USD 10 Billion by 2035
The global magnesium metal market is projected to grow steadily from USD 5.89 billion in 2025 to approximately USD 10.0 billion by 2035, reflecting a CAGR of around 5.4%. This growth is primarily driven by the rising demand for lightweight and high-strength materials across key industries such as automotive, aerospace, and electronics, where magnesium's low density and superior mechanical properties offer significant performance and fuel efficiency advantages.
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Explore the expanding role of magnesium in lightweight alloys and industrial applications.