Magnesium Metal Market Review | Global Trends to 2034 The global magnesium metal market is projected to reach approximately USD 10.7 billion by 2034, up from USD 5.4 billion in 2024. This growth reflects a compound annual growth rate (CAGR) of 7.1% over the forecast period from 2025 to 2034. The rising global focus on electric vehicles (EVs) and stricter fuel efficiency standards in regions like North America, Europe, and Asia-Pacific is significantly boosting demand for magnesium. In EVs, magnesium is used for lightweight components such as battery housings, helping extend driving range. Advances in casting methods and protective coatings are expanding its use in harsh environments. In aerospace, its strength-to-weight advantage makes it ideal for interior parts. As industries aim for sustainability and cost-effective solutions, magnesium is becoming a key material in high-performance applications. Download Exclusive Sample Of This Premium Report: https://market.us/report/magnesium-metal-market/free-sample/