Magnesium Recycling Market Size, Trends and Insights By Type (Scrap Magnesium Alloys, Magnesium Oxide Residues), By Recycling Method (Pyrometallurgical Recycling, Hydrometallurgical Recycling), By Magnesium Alloy Type (Aluminium-based Alloys, Zinc-based Alloys, Rare Earth Element-based Alloys, Others), By End Use Industry (Automotive, Aerospace, Electronics, Construction, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- American Magnesium
- Magnesium Elektron
- S. Magnesium LLC
- Israel Chemicals Ltd.
- Dow Inc.
- Others
Reports Description
As per the current market research conducted by CMI Team, the global Magnesium Recycling Market is expected to record a CAGR of 7.1% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 558.8 Million. By 2032, the valuation is anticipated to reach USD 1036.1 Million.
Consumption of Mg in EU in manufacturing vs in the in-use stage
| Manufacturing | In-Use | |
| AI Alloy | 81 | 62.5 |
| Mg Alloy | 53.4 | 42.8 |
| Pig Iron Desulphurisation Agents | 16.8 | 18.6 |
| Others | 4.9 | 13.5 |
Source: According to the International Magnesium Association
The Magnesium Recycling Market involves the reclamation and reuse of magnesium from various sources, including end-of-life products, manufacturing scrap, and discarded components. Driven by the increasing demand for lightweight materials in automotive, aerospace, and electronics, the market focuses on sustainable practices, advancements in recycling technologies, and adherence to circular economy principles.
With a commitment to reducing environmental impact, the industry contributes to global efforts toward resource efficiency. Strategic collaborations, government regulations, and innovations in recycling processes further shape the market, positioning magnesium recycling as a vital component in the broader landscape of sustainable material utilization.
Magnesium Recycling Market – Significant Growth Factors
The Magnesium Recycling Market presents significant growth opportunities due to several factors:
- Automotive and Aerospace Demand: The growing demand for lightweight materials in the automotive and aerospace industries drives the need for magnesium, fostering growth in magnesium recycling as a sustainable source.
- Sustainability Initiatives: Increasing emphasis on sustainability and environmental responsibility motivates industries to adopt magnesium recycling, aligning with circular economy principles and reducing the ecological impact of primary magnesium production.
- Advancements in Recycling Technologies: Ongoing developments in recycling technologies enhance the efficiency and cost-effectiveness of magnesium recycling, attracting industries looking for eco-friendly alternatives to virgin magnesium.
- Government Regulations and Incentives: Stringent environmental regulations and government incentives promoting the use of recycled materials contribute to the growth of the magnesium recycling market by creating a favorable regulatory environment.
- Rising Magnesium Scrap Availability: The increasing availability of magnesium scrap from end-of-life products, manufacturing processes, and obsolete components presents an opportunity for the expansion of magnesium recycling operations.
- Technological Innovation for High-Quality Recycled Magnesium: Opportunities lie in the development of advanced technologies that ensure the production of high-quality recycled magnesium, meeting industry specifications and expanding the applications of recycled magnesium in various end-use sectors.
Magnesium Recycling Market – Mergers and Acquisitions
The Magnesium Recycling Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Magnesium Recycling Market include:
- In 2023, Western Magnesium Corporation unveiled plans for a Nevada-based production facility, targeting an initial annual capacity of 25,000 metric tons. The expansion includes a dedicated research and development center. The move aims to cater to automotive, aerospace, airline, eco-friendly technology firms, and Defense Contractors, enhancing the company’s market presence.
- In 2021, Nanjing Yunhai Special Metals Co., Ltd. expanded its market footprint from North to South China through the acquisition of Tianjin Liuhe Magnesium. The acquired company, specializing in magnesium parts for automobiles and bicycles, boasts a production capacity of 8,000 tons per year, facilitating Nanjing Yunhai’s strategic growth in the region.
These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Magnesium Recycling Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Magnesium Recycling Market | Carbon Dioxide Removal (CDR) Market | Artificial Grass Turf Market |
| CAGR 7.1% (Approx) | CAGR 14.8% (Approx) | CAGR 5.8% (Approx) |
| USD 1036.1 Million by 2032 | USD 2,115.5 Million by 2032 | USD 17.3 Billion by 2032 |
Magnesium Recycling Market – Significant Threats
The Magnesium Recycling Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Volatility in Primary Magnesium Prices: Fluctuations in primary magnesium prices can pose a threat to the recycling market, as it may impact the cost competitiveness of recycled magnesium compared to primary production.
- Limited Magnesium Scrap Collection Infrastructure: Insufficient infrastructure for collecting magnesium scrap, especially from end-of-life products, can hinder the growth of the recycling market, limiting the availability of raw materials for recycling.
- Technological Challenges in High-Quality Recycling: Challenges in developing cost-effective technologies for high-quality magnesium recycling may restrict market growth, affecting the ability to meet industry standards and specifications.
- Global Economic Downturns: Economic downturns can reduce industrial activities and demand for magnesium, impacting both primary production and recycling markets, and posing a threat to the overall stability and growth of magnesium recycling.
- Competition from Primary Magnesium Production: The competition with primary magnesium production, especially if primary production costs decrease significantly, can pose a threat by affecting the price competitiveness of recycled magnesium in the market.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 558.8 Million |
| Projected Market Size in 2032 | USD 1036.1 Million |
| Market Size in 2022 | USD 521.8 Million |
| CAGR Growth Rate | 7.1% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Recycling Method, Magnesium Alloy Type, End Use Industry and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Category-Wise Insights
By Type
- Scrap Magnesium Alloys: Recycling involves repurposing discarded magnesium alloy components from industries like automotive and aerospace. The trend in this segment revolves around advanced sorting technologies and efficient processes, ensuring the extraction of high-quality magnesium for reuse in alloy production, aligning with the demand for lightweight materials in end-use applications.
- Magnesium Oxide Residues: Magnesium oxide residue recycling focuses on repurposing by-products from magnesium production. Trends center around sustainable methods for reclaiming magnesium oxide and incorporating it into various applications, addressing waste management challenges and contributing to the circular economy, bolstered by advancements in hydrometallurgical recycling technologies.
By Recycling Method
- Pyrometallurgical Recycling: Pyrometallurgical recycling in the Magnesium Recycling Market involves high-temperature processes, like melting and refining, to extract magnesium from scrap. Trends include advancements in energy-efficient furnaces, improving yield, and innovations in refining techniques, enhancing the overall efficiency of magnesium recovery and reducing environmental impact.
- Hydrometallurgical Recycling: Hydrometallurgical recycling employs chemical processes using solvents to extract magnesium from scrap materials. Trends focus on environmentally friendly solvents, resource-efficient extraction methods, and continuous improvements in recycling efficiency, aligning with sustainable practices and reducing the ecological footprint of magnesium recycling.
Magnesium Alloy Type
- Aluminium-based Alloys: Recycling aluminium-based magnesium alloys involves recovering magnesium from discarded components, like automotive parts. Trends show a rise in automotive lightweighting, emphasizing the need for recycled alloys to meet demand, aligning with sustainability goals and minimizing reliance on primary production.
- Zinc-based Alloys: Recycling zinc-based magnesium alloys involves reclaiming magnesium from scrap, emphasizing sustainability. Increasing applications in electronics drive the demand for recycled zinc-based alloys, as eco-conscious practices and reduced environmental impact become prominent trends.
- Rare Earth Element-based Alloys: Recycling rare earth element-based magnesium alloys involves reclaiming magnesium from end-of-life products, focusing on sustainability. Trends indicate a growing demand for these alloys in specialized applications, emphasizing the importance of recycled materials to meet unique industry requirements.
- Others: Recycling other magnesium alloy types involves repurposing magnesium from diverse sources. As sustainability becomes a focal point, trends include technological innovations to process a broader range of magnesium alloys, catering to the increasing need for eco-friendly materials in various industries.
By End Use Industry
- Automotive: Magnesium recycling in the automotive sector involves reclaiming magnesium from end-of-life vehicles, contributing to lightweight materials for improved fuel efficiency. Increasing adoption of magnesium alloys in automotive components for weight reduction, enhancing vehicle efficiency and reducing emissions.
- Aerospace: Recycling magnesium in the aerospace industry involves reclaiming magnesium from decommissioned aircraft components to meet stringent weight requirements. Growing demand for recycled magnesium in aerospace applications due to its lightweight properties, improving fuel efficiency and overall performance.
- Electronics: In the electronics sector, magnesium recycling pertains to recovering magnesium from discarded electronic devices and components. Rising utilization of magnesium alloys in electronic devices and increased recycling efforts to meet sustainability goals in the electronics industry.
- Construction: Magnesium recycling in construction involves reclaiming magnesium from end-of-life construction materials and components. Growing use of recycled magnesium in construction materials, driven by sustainability goals and the desire for eco-friendly building practices.
- Others: Encompassing various applications beyond defined segments, the “others” category includes diverse uses of recycled magnesium. Varied trends, including applications in industrial settings, healthcare, and emerging sectors, showcase the versatility of recycled magnesium across industries.
Magnesium Recycling Market – Regional Analysis
The Magnesium Recycling Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, there’s a notable trend towards increased research and development investments in magnesium recycling technologies. Companies are focusing on developing advanced processes to enhance efficiency, reduce energy consumption, and meet the rising demand for sustainable materials in industries like automotive and aerospace.
- Europe: Europe is witnessing a strong trend towards the implementation of stringent environmental regulations and circular economy initiatives. Governments and industries in the region are actively promoting and investing in magnesium recycling practices to align with sustainability goals, reduce carbon footprints, and foster a closed-loop material economy.
- Asia-Pacific: In the Asia-Pacific region, the predominant trend revolves around the surge in demand for magnesium in manufacturing and construction. Rapid industrialization and infrastructure development activities are driving the need for lightweight materials, boosting the demand for recycled magnesium as a sustainable alternative and contributing to the circular economy.
- Latin America, Middle East, and Africa (LAMEA): LAMEA is experiencing a growing trend in the integration of magnesium recycling into emerging industrial sectors. As industries in these regions expand, there’s a simultaneous focus on sustainable practices, leading to increased adoption of recycled magnesium to meet the demand for lightweight materials, particularly in construction and manufacturing.
Competitive Landscape – Magnesium Recycling Market
The Magnesium Recycling Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:
- American Magnesium
- Magnesium Elektron
- S. Magnesium LLC
- Israel Chemicals Ltd.
- Dow Inc.
- Solikamsk Magnesium Works OJSC
- Timminco Limited
- Almamet GmbH
- Latrobe Magnesium Limited
- Magontec Limited
- Recycling Metal Group
- ZK International Group Co. Ltd.
- Scrap Metal Services LLC
- SA Recycling
- Real Alloy
- Others
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
Emerging players like GreenMag Group and Magnesium AG are making strides in the magnesium recycling market, adopting innovative technologies and sustainable practices. These companies focus on advanced recycling methods and strategic partnerships to establish a foothold in the market, contributing to the evolution of magnesium recycling.
Established leaders such as American Magnesium and Israel Chemicals Ltd. dominate the magnesium recycling market. These key players leverage extensive R&D, global presence, and collaborations with end-use industries, solidifying their positions as market leaders. Their expertise and commitment to sustainability shape industry standards, driving advancements in magnesium recycling technologies.
The Magnesium Recycling Market is segmented as follows:
By Type
- Scrap Magnesium Alloys
- Magnesium Oxide Residues
By Recycling Method
- Pyrometallurgical Recycling
- Hydrometallurgical Recycling
By Magnesium Alloy Type
- Aluminium-based Alloys
- Zinc-based Alloys
- Rare Earth Element-based Alloys
- Others
By End Use Industry
- Automotive
- Aerospace
- Electronics
- Construction
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Magnesium Recycling Market, (2024 – 2033) (USD Million)
- 2.2 Global Magnesium Recycling Market: snapshot
- Chapter 3. Global Magnesium Recycling Market – Industry Analysis
- 3.1 Magnesium Recycling Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Automotive and Aerospace Demand
- 3.2.2 Sustainability Initiatives
- 3.2.3 Advancements in Recycling Technologies
- 3.2.4 Government Regulations and Incentives
- 3.2.5 Rising Magnesium Scrap Availability
- 3.2.6 Technological Innovation for High-Quality Recycled Magnesium.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Recycling Method
- 3.7.3 Market Attractiveness Analysis By Magnesium Alloy Type
- 3.7.4 Market Attractiveness Analysis By End-Use Industry
- Chapter 4. Global Magnesium Recycling Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Magnesium Recycling Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Magnesium Recycling Market – Type Analysis
- 5.1 Global Magnesium Recycling Market Overview: By Type
- 5.1.1 Global Magnesium Recycling Market Share, By Type, 2022 and – 2033
- 5.2 Scrap Magnesium Alloys
- 5.2.1 Global Magnesium Recycling Market by Scrap Magnesium Alloys, 2024 – 2033 (USD Million)
- 5.3 Magnesium Oxide Residues
- 5.3.1 Global Magnesium Recycling Market by Magnesium Oxide Residues, 2024 – 2033 (USD Million)
- 5.1 Global Magnesium Recycling Market Overview: By Type
- Chapter 6. Global Magnesium Recycling Market – Recycling Method Analysis
- 6.1 Global Magnesium Recycling Market Overview: By Recycling Method
- 6.1.1 Global Magnesium Recycling Market Share, By Recycling Method, 2022 and – 2033
- 6.2 Pyrometallurgical Recycling
- 6.2.1 Global Magnesium Recycling Market by Pyrometallurgical Recycling, 2024 – 2033 (USD Million)
- 6.3 Hydrometallurgical Recycling
- 6.3.1 Global Magnesium Recycling Market by Hydrometallurgical Recycling, 2024 – 2033 (USD Million)
- 6.1 Global Magnesium Recycling Market Overview: By Recycling Method
- Chapter 7. Global Magnesium Recycling Market – Magnesium Alloy Type Analysis
- 7.1 Global Magnesium Recycling Market Overview: By Magnesium Alloy Type
- 7.1.1 Global Magnesium Recycling Market Share, By Magnesium Alloy Type, 2022 and – 2033
- 7.2 Aluminium-based Alloys
- 7.2.1 Global Magnesium Recycling Market by Aluminium-based Alloys, 2024 – 2033 (USD Million)
- 7.3 Zinc-based Alloys
- 7.3.1 Global Magnesium Recycling Market by Zinc-based Alloys, 2024 – 2033 (USD Million)
- 7.4 Rare Earth Element-based Alloys
- 7.4.1 Global Magnesium Recycling Market by Rare Earth Element-based Alloys, 2024 – 2033 (USD Million)
- 7.5 Others
- 7.5.1 Global Magnesium Recycling Market by Others, 2024 – 2033 (USD Million)
- 7.1 Global Magnesium Recycling Market Overview: By Magnesium Alloy Type
- Chapter 8. Global Magnesium Recycling Market – End Use Industry Analysis
- 8.1 Global Magnesium Recycling Market Overview: By End Use Industry
- 8.1.1 Global Magnesium Recycling Market Share, By End Use Industry, 2022 and – 2033
- 8.2 Automotive
- 8.2.1 Global Magnesium Recycling Market by Automotive, 2024 – 2033 (USD Million)
- 8.3 Aerospace
- 8.3.1 Global Magnesium Recycling Market by Aerospace, 2024 – 2033 (USD Million)
- 8.4 Electronics
- 8.4.1 Global Magnesium Recycling Market by Electronics, 2024 – 2033 (USD Million)
- 8.5 Construction
- 8.5.1 Global Magnesium Recycling Market by Construction, 2024 – 2033 (USD Million)
- 8.6 Others
- 8.6.1 Global Magnesium Recycling Market by Others, 2024 – 2033 (USD Million)
- 8.1 Global Magnesium Recycling Market Overview: By End Use Industry
- Chapter 9. Magnesium Recyclings Market – Regional Analysis
- 9.1 Global Magnesium Recyclings Market Regional Overview
- 9.2 Global Magnesium Recyclings Market Share, by Region, 2022 & – 2033 (USD Million)
- 9.3. North America
- 9.3.1 North America Magnesium Recyclings Market, 2024 – 2033 (USD Million)
- 9.3.1.1 North America Magnesium Recyclings Market, by Country, 2024 – 2033 (USD Million)
- 9.3.1 North America Magnesium Recyclings Market, 2024 – 2033 (USD Million)
- 9.4 North America Magnesium Recyclings Market, by Type, 2024 – 2033
- 9.4.1 North America Magnesium Recyclings Market, by Type, 2024 – 2033 (USD Million)
- 9.5 North America Magnesium Recyclings Market, by Recyclings Method, 2024 – 2033
- 9.5.1 North America Magnesium Recyclings Market, by Recyclings Method, 2024 – 2033 (USD Million)
- 9.6 North America Magnesium Recyclings Market, by Magnesium Alloy Type, 2024 – 2033
- 9.6.1 North America Magnesium Recyclings Market, by Magnesium Alloy Type, 2024 – 2033 (USD Million)
- 9.7 North America Magnesium Recyclings Market, by End Use Industry, 2024 – 2033
- 9.7.1 North America Magnesium Recyclings Market, by End Use Industry, 2024 – 2033 (USD Million)
- 9.8. Europe
- 9.8.1 Europe Magnesium Recyclings Market, 2024 – 2033 (USD Million)
- 9.8.1.1 Europe Magnesium Recyclings Market, by Country, 2024 – 2033 (USD Million)
- 9.8.1 Europe Magnesium Recyclings Market, 2024 – 2033 (USD Million)
- 9.9 Europe Magnesium Recyclings Market, by Type, 2024 – 2033
- 9.9.1 Europe Magnesium Recyclings Market, by Type, 2024 – 2033 (USD Million)
- 9.10 Europe Magnesium Recyclings Market, by Recyclings Method, 2024 – 2033
- 9.10.1 Europe Magnesium Recyclings Market, by Recyclings Method, 2024 – 2033 (USD Million)
- 9.11 Europe Magnesium Recyclings Market, by Magnesium Alloy Type, 2024 – 2033
- 9.11.1 Europe Magnesium Recyclings Market, by Magnesium Alloy Type, 2024 – 2033 (USD Million)
- 9.12 Europe Magnesium Recyclings Market, by End Use Industry, 2024 – 2033
- 9.12.1 Europe Magnesium Recyclings Market, by End Use Industry, 2024 – 2033 (USD Million)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Magnesium Recyclings Market, 2024 – 2033 (USD Million)
- 9.13.1.1 Asia Pacific Magnesium Recyclings Market, by Country, 2024 – 2033 (USD Million)
- 9.13.1 Asia Pacific Magnesium Recyclings Market, 2024 – 2033 (USD Million)
- 9.14 Asia Pacific Magnesium Recyclings Market, by Type, 2024 – 2033
- 9.14.1 Asia Pacific Magnesium Recyclings Market, by Type, 2024 – 2033 (USD Million)
- 9.15 Asia Pacific Magnesium Recyclings Market, by Recyclings Method, 2024 – 2033
- 9.15.1 Asia Pacific Magnesium Recyclings Market, by Recyclings Method, 2024 – 2033 (USD Million)
- 9.16 Asia Pacific Magnesium Recyclings Market, by Magnesium Alloy Type, 2024 – 2033
- 9.16.1 Asia Pacific Magnesium Recyclings Market, by Magnesium Alloy Type, 2024 – 2033 (USD Million)
- 9.17 Asia Pacific Magnesium Recyclings Market, by End Use Industry, 2024 – 2033
- 9.17.1 Asia Pacific Magnesium Recyclings Market, by End Use Industry, 2024 – 2033 (USD Million)
- 9.18. Latin America
- 9.18.1 Latin America Magnesium Recyclings Market, 2024 – 2033 (USD Million)
- 9.18.1.1 Latin America Magnesium Recyclings Market, by Country, 2024 – 2033 (USD Million)
- 9.18.1 Latin America Magnesium Recyclings Market, 2024 – 2033 (USD Million)
- 9.19 Latin America Magnesium Recyclings Market, by Type, 2024 – 2033
- 9.19.1 Latin America Magnesium Recyclings Market, by Type, 2024 – 2033 (USD Million)
- 9.20 Latin America Magnesium Recyclings Market, by Recyclings Method, 2024 – 2033
- 9.20.1 Latin America Magnesium Recyclings Market, by Recyclings Method, 2024 – 2033 (USD Million)
- 9.21 Latin America Magnesium Recyclings Market, by Magnesium Alloy Type, 2024 – 2033
- 9.21.1 Latin America Magnesium Recyclings Market, by Magnesium Alloy Type, 2024 – 2033 (USD Million)
- 9.22 Latin America Magnesium Recyclings Market, by End Use Industry, 2024 – 2033
- 9.22.1 Latin America Magnesium Recyclings Market, by End Use Industry, 2024 – 2033 (USD Million)
- 9.23. The Middle East and Africa
- 9.23.1 The Middle-East and Africa Magnesium Recyclings Market, 2024 – 2033 (USD Million)
- 9.23.1.1 The Middle-East and Africa Magnesium Recyclings Market, by Country, 2024 – 2033 (USD Million)
- 9.23.1 The Middle-East and Africa Magnesium Recyclings Market, 2024 – 2033 (USD Million)
- 9.24 The Middle-East and Africa Magnesium Recyclings Market, by Type, 2024 – 2033
- 9.24.1 The Middle-East and Africa Magnesium Recyclings Market, by Type, 2024 – 2033 (USD Million)
- 9.25 The Middle-East and Africa Magnesium Recyclings Market, by Recyclings Method, 2024 – 2033
- 9.25.1 The Middle-East and Africa Magnesium Recyclings Market, by Recyclings Method, 2024 – 2033 (USD Million)
- 9.26 The Middle-East and Africa Magnesium Recyclings Market, by Magnesium Alloy Type, 2024 – 2033
- 9.26.1 The Middle-East and Africa Magnesium Recyclings Market, by Magnesium Alloy Type, 2024 – 2033 (USD Million)
- 9.27 The Middle-East and Africa Magnesium Recyclings Market, by End Use Industry, 2024 – 2033
- 9.27.1 The Middle-East and Africa Magnesium Recyclings Market, by End Use Industry, 2024 – 2033 (USD Million)
- Chapter 10. Company Profiles
- 10.1 American Magnesium
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Magnesium Elektron
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 U.S. Magnesium LLC
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Israel Chemicals Ltd.
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Dow Inc.
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Solikamsk Magnesium Works OJSC
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Timminco Limited
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Almamet GmbH
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Latrobe Magnesium Limited
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Magontec Limited
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Recycling Metal Group
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 ZK International Group Co. Ltd.
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Scrap Metal Services LLC
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 SA Recycling
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Real Alloy
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Others.
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.1 American Magnesium
List Of Figures
Figures No 1 to 31
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- American Magnesium
- Magnesium Elektron
- S. Magnesium LLC
- Israel Chemicals Ltd.
- Dow Inc.
- Solikamsk Magnesium Works OJSC
- Timminco Limited
- Almamet GmbH
- Latrobe Magnesium Limited
- Magontec Limited
- Recycling Metal Group
- ZK International Group Co. Ltd.
- Scrap Metal Services LLC
- SA Recycling
- Real Alloy
- Others
FAQs
The key factors driving the Market are Automotive and Aerospace Demand, Sustainability Initiatives, Advancements in Recycling Technologies, Government Regulations and Incentives, Rising Magnesium Scrap Availability And Technological Innovation for High-Quality Recycled Magnesium.
The “Scrap Magnesium Alloys” category dominated the market in 2022.
The key players in the market are American Magnesium, Magnesium Elektron, U.S. Magnesium LLC, Israel Chemicals Ltd., Dow Inc., Solikamsk Magnesium Works OJSC, Timminco Limited, Almamet GmbH, Latrobe Magnesium Limited, Magontec Limited, Recycling Metal Group, ZK International Group Co. Ltd., Scrap Metal Services LLC, SA Recycling, Real Alloy, Others.
“Asia-Pacific” had the largest share in the Magnesium Recycling Market.
The global market is projected to grow at a CAGR of 7.1% during the forecast period, 2023-2032.
The Magnesium Recycling Market size was valued at USD 558.8 Million in 2023.