Magnesium Raw Materials Industry Market: By Type, By Application Mode, and Region Forecast 2020-2031

Magnesium Raw Materials Industry Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Magnesite, Brucite, Dolomite, Bishovite, Olivine, Carnallite), By Application Mode (Dead Burned Magnesia, Caustic-Calcined Magnesia, Fused Magnesia, Electrofused Magnesia, Others), and Region Forecast 2020-2031

Magnesium Raw Materials Industry Market size was valued at US$ 554.8 million in 2024 and is expected to reach US$ 739.9 million by 2031, growing at a significant CAGR of 4.2% from 2025-2031. An upsurge in demand for magnesium and its alloys, particularly from the automotive industry is positively impacting the market growth. Furthermore, growth in the usage of magnesium in the manufacturing of aluminum alloys and in die molding methods is projected to escalate the demand for magnesium raw materials.

Moreover, the rising acceptance of aluminum-magnesium alloys coupled with die-cast magnesium in the transport segment is anticipated to appendage the market growth. In addition, developments in technology besides increasing investments in R&D activities to accomplish the cumulative demands of magnesium is expected to bolster the demand for magnesium raw materials. However, the emission of harmful UV radiations when burnt and the explosive nature of magnesium raw materials tend to hamper the growth of the market. 

Global Magnesium Raw Materials Industry Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

4.2%

Largest Market

Asia-Pacific

Fastest Growing Market

North-America

Magnesium Raw Materials Market Dynamics

Magnesium raw materials finds a wide range of applications in dead burned magnesia, caustic-calcined magnesia, fused magnesia, electro fused magnesia, others. Caustic – calcined magnesia is expected to register a significant CAGR in the coming years. Caustic calcined magnesia products are used for the widest spectrum of solicitations, explicitly chemical, steel / refractories construction, industrial/technical, agricultural, environmental. Deadburned magnesia has an essential requirements for refractory masses, wielding fluxes, displays high substance concentrations with low porosity and high hydration resistance, and other applications.

Global Magnesium Raw Materials Industry Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2024

US$ 554.8 million

Market Size in 2031

US$ 739.9 million

Market CAGR

4.2%

By Type

  • Magnesite
  • Brucite
  • Dolomite
  • Bishovite
  • Olivine
  • Carnallite

By Application

  • Dead Burned Magnesia
  • Caustic-Calcined Magnesia
  • Fused Magnesia
  • Electrofused Magnesia
  • Others

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The magnesium raw materials industry market report provides granular level information about the market size, regional market share, historic market (2020-2024) and forecast (2025-2031)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startups details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis 

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Frequently Asked Questions

Magnesium Raw Materials Industry Market size was valued at US$ 554.8 million in 2024 and is expected to reach US$ 739.9 million by 2031, growing at a significant CAGR of 4.2% from 2025-2031.

The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

North America is the fastest-growing in the market

Author image

Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1. Executive Summary
2. Global Magnesium Raw Materials Industry Market Introduction 
2.1.Global Magnesium Raw Materials Industry Market  - Taxonomy
2.2.Global Magnesium Raw Materials Industry Market  - Definitions
2.2.1.Type 
2.2.2.Application
2.2.3.Region
3. Global Magnesium Raw Materials Industry Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Magnesium Raw Materials Industry Market Analysis, 2020 - 2024 and Forecast 2025 - 2031
4.1.  Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Magnesium Raw Materials Industry Market  By Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
5.1. Magnesite
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Brucite
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Dolomite
5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Bishovite
5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Olivine
5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Carnallite
5.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
6. Global Magnesium Raw Materials Industry Market  By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
6.1. Dead Burned Magnesia
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Caustic-Calcined Magnesia
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Fused Magnesia
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Electrofused Magnesia
6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Others
6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
7. Global Magnesium Raw Materials Industry Market  By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8. North America Magnesium Raw Materials Industry Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
8.1. Type  Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Magnesite
8.1.2.Brucite
8.1.3.Dolomite
8.1.4.Bishovite
8.1.5.Olivine
8.1.6.Carnallite
8.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Dead Burned Magnesia
8.2.2.Caustic-Calcined Magnesia
8.2.3.Fused Magnesia
8.2.4.Electrofused Magnesia
8.2.5.Others
8.3.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9. Europe Magnesium Raw Materials Industry Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
9.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Magnesite
9.1.2.Brucite
9.1.3.Dolomite
9.1.4.Bishovite
9.1.5.Olivine
9.1.6.Carnallite
9.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Dead Burned Magnesia
9.2.2.Caustic-Calcined Magnesia
9.2.3.Fused Magnesia
9.2.4.Electrofused Magnesia
9.2.5.Others
9.3.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
10. Asia Pacific (APAC) Magnesium Raw Materials Industry Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
10.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Magnesite
10.1.2.Brucite
10.1.3.Dolomite
10.1.4.Bishovite
10.1.5.Olivine
10.1.6.Carnallite
10.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Dead Burned Magnesia
10.2.2.Caustic-Calcined Magnesia
10.2.3.Fused Magnesia
10.2.4.Electrofused Magnesia
10.2.5.Others
10.3.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11. Middle East and Africa (MEA) Magnesium Raw Materials Industry Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
11.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Magnesite
11.1.2.Brucite
11.1.3.Dolomite
11.1.4.Bishovite
11.1.5.Olivine
11.1.6.Carnallite
11.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Dead Burned Magnesia
11.2.2.Caustic-Calcined Magnesia
11.2.3.Fused Magnesia
11.2.4.Electrofused Magnesia
11.2.5.Others
11.3.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12. Latin America Magnesium Raw Materials Industry Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
12.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Magnesite
12.1.2.Brucite
12.1.3.Dolomite
12.1.4.Bishovite
12.1.5.Olivine
12.1.6.Carnallite
12.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Dead Burned Magnesia
12.2.2.Caustic-Calcined Magnesia
12.2.3.Fused Magnesia
12.2.4.Electrofused Magnesia
12.2.5.Others
12.3.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Queensland Magnesia
13.2.2.Grecian Magnesite
13.2.3.Russian Mining Chemical
13.2.4.Garrison Minerals
13.2.5.Premier Magnesia
13.2.6.Ramakrishna Magnesite Mines
13.2.7.Haicheng Magnesite
13.2.8.Liaoning Jinding Magnesite Group
13.2.9.Houying Group
13.2.10.Dandong Jinyuan Minerals Limited Company
14. Research Methodology 
15. Appendix and Abbreviations 

Key Market Players

  • Queensland Magnesia
  • Grecian Magnesite
  • Russian Mining Chemical
  • Garrison Minerals
  • Premier Magnesia
  • Ramakrishna Magnesite Mines
  • Haicheng Magnesite
  • Liaoning Jinding Magnesite Group
  • Houying Group
  • Dandong Jinyuan Minerals Limited Company

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