The magnesium metal market is predicted to be valued at USD 5.3 billion in 2023 and USD 9 billion by 2033. Over the projection period, sales in the magnesium metal market are expected to increase at a CAGR of 5.4%. A significant opportunity lies in the development of magnesium-based batteries. As the demand for energy storage solutions …
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Magnesium Metal Market by Global Demand, Trends, Applications, Sales, Industry Size and Forecast to 2031
According to a latest magnesium metal market report published by Future Market Insights, the long-term outlook of the global magnesium metal market remains optimistic. Global magnesium metal revenues are set to grow at a CAGR of over 7% through 2031. Steady automotive sales in the US and Western Europe, combined with a rapidly growing Asia Pacific automotive market …