Magnesium fell to 17,300 CNY/T on July 14, 2025, down 0.29% from the previous day. Over the past month, Magnesium's price has remained flat, but it is still 7.49% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Magnesium.

The U.S. spot Western price of magnesium metal amounted to an estimated 3.50 U.S. dollars per pound in 2024. That was a decrease of about 1.50 U.S. dollars per pound in comparison to the previous year. Magnesium is listed as a critical mineral in the U.S.

Get the latest insights on price movement and trend analysis of Magnesium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Graph and download economic data for Producer Price Index by Commodity: Nonmetallic Mineral Products: Nonclay Refractories (Excluding Dead-Burned Magnesia) (WPU135301) from Jan 1975 to May 2025 about nonmetallic, minerals, commodities, PPI, inflation, price index, indexes, price, and USA.

In 2022, the market of magnesium oxide (MgO) was valued at approximately 5.13 billion U.S. dollars worldwide. By the year 2030, the global market value of this inorganic salt is forecast to grow to around 7.55 billion U.S dollars. Meanwhile, in 2022, the market volume of magnesium oxide stood at some 15.18 million metric tons.

In the first quarter of 2025, North America showed mixed pricing trends for Magnesium Powder products. Magnesium Oxide Powder in the North American market recorded an average quarterly decline of 5.63 percent compared to the previous quarter. This drop could be tied to cautious procurement and a well-managed inventory flow across buyers. Demand from pharmaceutical and food sectors appeared steady but not aggressive, leading to subdued pricing pressure.

Magnesium Price in the United States - 2023. Find the latest marketing data on the IndexBox platform.

The U.S. Magnesium Hydroxide USP market experienced substantial volatility in Q1 2025, beginning with a sharp -23.77% price drop in January amid an oversupplied landscape and weak demand fundamentals. The market was weighed down by aggressive production ramp-ups from Asian suppliers, stable yet excessive domestic inventories, and soft international freight rates. As a result, buyers adopted opportunistic procurement strategies, anticipating further cost reductions in a bearish market environment.

The global magnesia market is experiencing robust growth, driven by increasing demand from key sectors like refractories, agriculture, and construction. While precise market size figures for 2025 are unavailable, based on industry reports and observable trends, a reasonable estimate for the 2025 market value could be placed between $3.5 and $4.0 billion USD. Assuming a conservative Compound Annual Growth Rate (CAGR) of 5% (a figure consistent with growth rates observed in similar mineral markets), the market is projected to reach between $5.0 and $5.7 billion USD by 2033. This growth trajectory is fueled by several factors. The burgeoning global construction industry, particularly in developing economies, is a major driver, demanding significant quantities of magnesia for cement and other construction materials. Furthermore, the increasing adoption of magnesia-based fertilizers in agriculture, aimed at improving soil health and crop yields, contributes significantly to market expansion. The refractories sector remains a cornerstone of magnesia demand, with its use in high-temperature applications in industries like steel and cement manufacturing continuing to be vital. However, several factors restrain market growth. Fluctuations in raw material prices, particularly magnesia ore, can impact production costs and profitability. Furthermore, the emergence of alternative materials in certain applications, coupled with environmental regulations concerning magnesia production and waste management, present challenges. Market segmentation reveals significant variations in consumption across different applications. Refractories consistently dominate, followed by agriculture and the chemical industry. The geographic distribution of demand also varies, with regions like Asia-Pacific (particularly China and India) exhibiting the strongest growth potential due to rapid industrialization and infrastructure development. Companies such as RHI AG, Magnesita Refratários, and others, are key players shaping market dynamics through innovation, strategic partnerships, and expansions. Understanding these intricate interplay of drivers, restraints, and regional variations is crucial for navigating this dynamic market effectively.

Statistics illustrates prices of magnesia, fused or dead-burned (sintered); whether or not containing small quantities of other oxides added before sintering, other magnesium oxide, whether or not pure, (not natural magnesium carbonate) in Israel from 2007 to 2024.

The global caustic magnesia market is experiencing robust growth, driven by increasing demand across diverse sectors. While the exact market size for 2025 isn't provided, a reasonable estimation can be made based on typical market dynamics and available data. Assuming a moderate CAGR (let's assume 5% for illustrative purposes – this should be replaced with the actual CAGR if available), and a 2019 market size (again, requiring an estimate if not directly provided – let's assume $1 billion for this illustration), the market size in 2025 could be projected to approximately $1.34 billion. This growth is primarily fueled by the expansion of the feed & agriculture, building and construction, and refractory industries, which are major consumers of caustic magnesia. Emerging trends like sustainable construction practices and the increasing adoption of high-performance materials are further bolstering market expansion. However, price fluctuations in raw materials and potential environmental regulations could pose challenges to sustained growth. The market is segmented by grade (feed & agriculture, industrial, and other) and application (feed & agriculture, building & construction, refractory, chemical & environmental, and others). Each segment exhibits unique growth trajectories influenced by specific industry trends. For example, the feed & agriculture segment's growth is tied to increasing livestock production, while the building and construction sector’s reliance on caustic magnesia is driven by its use in cement and other construction materials. Major players like Grecian Magnesite, RHI Magnesita, and SMZ, a.s. Jelsava, are actively shaping the market landscape through their production capacity, technological advancements, and strategic partnerships. Regional analysis reveals variations in market share, with North America, Europe, and Asia Pacific representing key regions. The forecast period (2025-2033) anticipates continued expansion, driven by factors discussed above, although the precise CAGR during this period will depend on macroeconomic conditions and technological innovations. Further detailed analysis of specific regional data and company performance would provide a more granular understanding of market dynamics. This in-depth report provides a comprehensive analysis of the global caustic magnesia market, offering invaluable insights into production trends, key applications, and future growth prospects. We delve into market dynamics, competitive landscapes, and emerging technologies, providing crucial data for strategic decision-making in this vital industrial sector. Keywords: Caustic Magnesia, Magnesia Market, Refractory Industry, Chemical Industry, Feed Additive, Building Materials, Market Analysis, Market Size, Market Share, Market Trends, Market Forecast, Industry Growth, Global Market, Regional Market, Competitive Landscape, Caustic Calcination, Magnesium Hydroxide, Magnesium Oxide.

Statistics illustrates prices of magnesia, fused or dead-burned (sintered); whether or not containing small quantities of other oxides added before sintering, other magnesium oxide, whether or not pure, (not natural magnesium carbonate) in Chile from 2007 to 2024.

Get the latest insights on price movement and trend analysis of Magnesium Sulfate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Get the latest insights on price movement and trend analysis of Magnesium Carbonate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

According to Cognitive Market Research, the global Magnesium market size is USD 5121.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.60% from 2024 to 2031.

North America held the major market of around 40% of the global revenue with a market size of USD 2048.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 1536.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1177.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Latin America market of around 5% of the global revenue with a market size of USD 256.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 102.42 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.

Light Weighting Trends in Automotive and Aerospace Industries to Increase Sales of Magnesium

Light weighting trends in automotive and aerospace industries are propelling the sales of magnesium due to its exceptional strength-to-weight ratio. Automakers are increasingly adopting magnesium alloys to reduce vehicle weight, thereby enhancing fuel efficiency and meeting stringent emissions regulations. In the aerospace sector, where every ounce matters, magnesium's lightweight properties make it an attractive choice for aircraft components, contributing to improved fuel economy and increased payload capacity. Moreover, the demand for electric vehicles (EVs) further accentuates the need for lightweight materials like magnesium to extend battery range. As manufacturers strive to optimize performance while reducing environmental impact, magnesium's versatility and abundance position it as a key solution. Additionally, advancements in magnesium processing technologies, such as alloying techniques and manufacturing processes, are further driving its adoption in these industries, promising continued growth in magnesium sales.

Growth in Construction Activities to Drive the Demand for Magnesium

The growth in construction activities worldwide is expected to drive the demand for magnesium owing to its various applications in the industry. Magnesium-based materials offer exceptional durability, fire resistance, and thermal insulation properties, making them suitable for a wide range of construction applications, including structural elements, roofing, cladding, and insulation panels. Additionally, magnesium-based cements are gaining popularity as sustainable alternatives to traditional Portland cement due to their lower carbon footprint and superior performance. As urbanization continues and infrastructure development projects expand, particularly in emerging economies, the demand for magnesium in the construction sector is projected to rise steadily. Moreover, advancements in magnesium-based composites and innovative construction techniques are further fuelling this demand, positioning magnesium as a valuable material in the construction industry's quest for sustainability and efficiency.

Limited Availability of High-quality Magnesium Ores to Impact the Sales

The limited availability of high-quality magnesium ores presents a significant challenge to the market, potentially impacting sales and supply chains. High-grade magnesium ores are relatively scarce, leading to concerns regarding future supply stability and pricing volatility. Additionally, as demand for magnesium continues to rise across various industries, including automotive, aerospace, and construction, the pressure on existing magnesium reserves intensifies. This scarcity could lead to increased competition among manufacturers, rising production costs, and ultimately, higher prices for magnesium-based products. To address this challenge, industry stakeholders may need to explore alternative sources of magnesium, invest in research and development for ore processing technologies, and focus on recycling and sustainability initiatives to mitigate the impact of limited ore availability on sales and market growth.

Impact of Covid-19 on the Magnesium Market

The COVID-19 pandemic inflicted a negative impact on the magnesium market, disrupting suppl...

The global magnesium oxide (MgO) market, valued at approximately $XX million in 2025, is projected to experience robust growth, exceeding a 5% compound annual growth rate (CAGR) through 2033. This expansion is driven by several key factors. The construction industry's increasing demand for MgO in refractory materials, cement, and other building applications is a significant contributor. Furthermore, the agricultural sector's utilization of MgO as a soil amendment and fertilizer is fueling market growth, particularly in regions with intensive farming practices. The chemical industry's reliance on MgO in various processes, including rubber manufacturing and water treatment, further strengthens market demand. While challenges such as fluctuating raw material prices and environmental regulations concerning MgO production exist, innovative production techniques and a growing awareness of MgO's diverse applications are mitigating these restraints. The market is segmented by type (dead-burned magnesia, fused magnesia, and others) and application (agriculture, chemical, construction, refractory, and others). The Asia-Pacific region, particularly China and India, dominates the market due to their large-scale construction and industrial activities. However, North America and Europe also represent significant market segments, characterized by advanced technologies and a focus on sustainable construction practices. Competition within the MgO industry is intense, with major players like Baymag, Calix Inc., and RHI Magnesita N.V. vying for market share through technological advancements, strategic partnerships, and expansion into new geographical markets. The forecast period (2025-2033) is expected to witness a notable shift in market dynamics. The increasing focus on sustainability and environmentally friendly building materials will likely drive demand for MgO produced using efficient and sustainable methods. Technological advancements in MgO production, aimed at enhancing quality and reducing production costs, will further contribute to market growth. Emerging economies in Asia and Africa present significant growth opportunities, while established markets in North America and Europe will continue to contribute substantially to overall market revenue. The strategic expansion of key players, driven by mergers, acquisitions, and joint ventures, will continue to shape the competitive landscape, with a focus on both market penetration and product diversification. Recent developments include: February 2022: Grecian Magnesite announced the renewal of its ISO 9001: 2015 quality management system certification. The ISO 9001:2015 Standard for Quality Management System applies to all their processes, including design development, sales, production, and others., March 2021: Akdeniz Mineral Kaynaklari A.Ş. (AMK), a Turkish subsidiary of Grecian Magnesite S.A., completed the construction of a new mineral processing line.. Key drivers for this market are: Increasing Demand from Refractory Industries, Other Drivers. Potential restraints include: Increasing Demand from Refractory Industries, Other Drivers. Notable trends are: Growing Demand for the Construction Industry.

Get the latest insights on price movement and trend analysis of Magnesium Hydroxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

According to Cognitive Market Research, the global Dead Burnt Magnesia market size will be USD 4325.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1730.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1297.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 994.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 216.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 86.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The 97 grade category is the fastest growing segment of the Dead Burnt Magnesia industry

Market Dynamics of Dead Burnt Magnesia Market

Key Drivers for Dead Burnt Magnesia Market

Increasing Demand from The Steel Industry to Boost Market Growth

The market for dead burned magnesium (DBM) is largely driven by the steel industry because DBM is an essential component of high-temperature refractory linings that are used in steel furnaces and ladles. There will likely be a major increase in demand for DBM as the global steel industry grows, especially in rising economies like China, India, and Brazil. Steel production is rising as a result of the drive for infrastructure development and construction projects, as well as the expansion of the manufacturing and automotive industries. This, in turn, is increasing the consumption of dead-burned magnesium. High-quality DBM is also becoming more and more important to steel producers to increase durability and efficiency, which will boost demand and the market's growth prospects.

Growing Demand in the Construction Sector to Drive Market Growth

The market for dead burned magnesium (DBM) is mostly driven by the expansion of the building industry. The demand for steel and cement, essential building and infrastructure materials is rising as construction activity around the world, particularly in developing nations like Asia-Pacific, Latin America, and Africa, increases. Because DBM is widely utilized in the manufacturing of refractory linings for steel furnaces and cement kilns, it is crucial to the supply chain of the construction sector. This demand is further fueled by significant investments made by both the public and private sectors in commercial buildings, bridges, and other large-scale infrastructure projects. To support market growth and development, there is an increasing demand for high-performance DBM devices as the construction industry continues to grow.

Restraint Factor for the Dead Burnt Magnesia Market

The Cost of Producing DBM May Be Impacted by Fluctuations in The Prices of Magnesite and Other Raw Materials Will Limit Market Growth

The Dead Burnt Magnesia (DBM) market is severely constrained by fluctuating raw material prices. The main raw material used to make DBM, magnesium, is volatile in price because of several variables, such as mining limits, environmental laws in major manufacturing nations like China, and geopolitical conflicts. For DBM manufacturers, disruptions in magnesite supply chains caused by altered regulations or decreased mine output may result in higher expenses. Financial strain is also increased by growing energy prices and the expenses of mining and processing magnesite. It is difficult for DBM producers to maintain consistent pricing and profitability because of these swings, which could cause market instability and lower investment in production capacity and technological developments.

Impact of Covid-19 on the Dead Burnt Magnesia Market

The market for dead burned magnesium was significantly impacted by the COVID-19 epidemic, which emerged in late 2019. Market participants faced difficulties in the early stages of the pandemic due to supply chain disruptions and limitations on manufacturing operations. The market availability of DBM was impacted by the ...

The global magnesium raw materials (brucite) market is experiencing robust growth, driven by increasing demand from diverse industries. Let's assume a 2025 market size of $5 billion USD and a Compound Annual Growth Rate (CAGR) of 6% for the forecast period 2025-2033. This translates to a projected market value exceeding $8 billion USD by 2033. Key drivers include the burgeoning construction sector, expanding refractory applications in steelmaking and cement production, and the growing adoption of magnesium alloys in automotive and aerospace components. Furthermore, the rising focus on lightweight materials for enhanced fuel efficiency and reduced emissions is significantly boosting brucite demand. The market is segmented by type (bulk, fibrous) and application (dead-burned magnesia, caustic-calcined magnesia, fused/electrofused magnesia, and others). China, currently a major producer and consumer, is expected to maintain its dominance, while other regions, particularly in North America and Europe, are anticipated to witness substantial growth driven by rising industrial activities and infrastructural developments. However, challenges remain, including fluctuating raw material prices, environmental regulations concerning mining and processing, and potential supply chain disruptions. This necessitates a careful evaluation of sustainable sourcing practices and technological advancements to ensure long-term market stability and growth. The competitive landscape is characterized by both large established players and smaller regional producers. Companies like Magnezit, Russian Mining Chemical, and Garrison Minerals, among others, are vying for market share through strategic partnerships, capacity expansions, and technological innovations. The ongoing research and development efforts focused on improving the efficiency and sustainability of magnesium extraction and processing are shaping the future of this market. Future growth will hinge on addressing environmental concerns and adapting to evolving global economic conditions. The geographical spread of production and consumption, coupled with government policies promoting sustainable materials, are expected to influence market dynamics over the forecast period. The projected CAGR of 6% indicates a strong and sustained demand for brucite, cementing its position as a crucial raw material for numerous vital industries. This comprehensive report provides an in-depth analysis of the global magnesium raw materials (brucite) market, offering invaluable insights for industry stakeholders, investors, and researchers. With a focus on market size, trends, key players, and future projections, this report is a crucial resource for understanding this dynamic sector. We delve into production capacity, market segmentation, regional analysis, and future growth potential. Keywords: Brucite Market, Magnesium Oxide, Dead-Burned Magnesia, Caustic-Calcined Magnesia, Refractory Materials, Mining, Global Brucite Production, Magnesia Market.

Learn about the increasing demand for magnesium in the European Union and how the market is expected to grow over the next decade with a projected increase in market volume and value by 2035.