마그네슘 화합물 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the magnesium compounds market size is projected to expand from USD 13.87 billion in 2025 and USD 14.58 billion in 2026 to USD 18.72 billion by 2031, registering a CAGR of 5.13% between 2026 to 2031.

This report is Segmented by Source (Seawater, Natural Brines, and Other Sources), Product Type (Inorganic Chemicals and Organic Chemicals), End-User Industry (Agriculture, Electrical and Electronics, Automotive, Aerospace, Construction, Refractory, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD).

Global Magnesium Compounds Market Trends and Insights

Booming Refractory Demand from Reviving Global Steel Output

In early 2025, crude steel production saw a year-on-year increase. However, in 2024, prices for refractory-grade magnesia dipped, a decline attributed to persistently high inventories in Liaoning. While Indian capacity additions received approval in 2024, they are expected to start influencing refractory orders after the typical 18-to-24-month delay. Electric-arc furnaces, accounting for a significant portion of global steel output, are known to shorten lining life, consequently increasing the frequency of brick replacements. RHI Magnesita reported an uptick in Asian refractory consumption, contrasting with stagnant volumes in Europe. The magnesium compounds market stands to gain, as magnesia bricks are crucial for withstanding the heightened thermal shocks associated with EAF operations.

Stringent Wastewater and Flue-Gas Norms Spurring Mg-Based Environmental Reagents

In April 2024, the U.S. EPA mandated a sulfur-dioxide capture rule for primary magnesium refiners, compelling plants to adopt magnesium-oxide scrubbers that also function as product-recovery systems. In 2025, Europe imposed stricter phosphorus discharge limits on municipal wastewater, favoring magnesium hydroxide over lime due to its ability to reduce sludge volumes. In 2025, Israel Chemicals announced increased sales of magnesium hydroxide slurry to EU utilities, attributing the success to their ISO 14001-certified output. With similar policies emerging in Asia, there's a growing expectation that environmental-grade magnesium compounds will command premium prices and capture additional market volumes.

Price-Sensitive Substitution by Ca or Al Compounds in Several End-Uses

Calcium carbonate is about half the cost of light-burned magnesia and is the go-to filler when flame retardancy isn't a priority. In 2025, aluminum hydroxide commanded a dominant share of the global flame-retardant market, bolstered by longstanding certifications. While construction budgets in India and Southeast Asia lean towards locally sourced lime for water treatment, opting for it over imported magnesium hydroxide, there are noted performance trade-offs. These economic choices result in a deduction from the baseline CAGR.

Other drivers and restraints analyzed in the detailed report include:

1. Soil-Magnesium Depletion Accelerating Fertilizer-Grade Mg Salts Usage
2. Desalination-Brine Valorization Unlocking Ultra-Low-Cost Mg Feedstocks
3. Supply-Chain Volatility Driven by China-Centric Production and Energy Costs

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Natural brines held 44.38% of the 2025 volume and remain the low-cost base for commodity magnesia, anchored by Dead Sea operations. Seawater-derived output, while a mid-teen share today, is set for 6.18% annual growth as electrolysis costs fall and ESG audits favor its lower carbon footprint.

The magnesium compounds market benefits from this dual structure because high-purity products can be sourced from seawater without displacing large-scale brine evaporation assets. Magrathea Metals showed that seawater operating costs already undercut Great Salt Lake brine in pilot runs. If coastal projects replicate at scale, commodity suppliers may pivot excess brine capacity toward refractory grades while seawater plants serve electronics and pharma buyers.

Complete Report Scope:

• By Source
  • Seawater
  • Natural Brines
  • Other Sources
• By Product Type
  • Inorganic Chemicals
  • Organic Chemicals
• By End-User Industry
  • Agriculture
  • Electrical and Electronics
  • Automotive
  • Aerospace
  • Construction
  • Refractory
  • Other End-User Industries
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Oceania
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Russia
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle-East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle-East and Africa

Geography Analysis

Asia-Pacific supplied 53.28% of the 2025 value and should grow 5.94% to 2031 despite Liaoning's capacity freeze. India's new steel projects and Japan's specialty-grade exports offset slower Chinese construction.

After the shutdown at the Great Salt Lake, North America faced tighter supply but maintained a significant market share. Despite facing tariffs on imports, buyers are still willing to pay a premium for non-Chinese supplies. This scenario is paving the way for seawater ventures to flourish along the Pacific coast.

Europe's market share largely hinges on Nedmag's operations in the Netherlands and the upcoming Verde Magnesium plant. Set to launch in the coming years, this plant is poised to reduce Europe's import dependency. Meanwhile, South America and the Middle East, driven by Brazilian fertilizer needs and brine projects in the Gulf Cooperation Council (GCC), together account for a notable portion of the market.

1. Alliance Chemical
2. Baymag Inc.
3. Dashiqiao Huamei Group Co., Ltd.
4. Grecian Magnesite
5. Haicheng Huayu Group
6. Imerys
7. Israel Chemicals Ltd. (ICL)
8. KUMAS Manyezit
9. Liaoning Jinding Magnesite Group (JDMG)
10. Magnezit Group
11. Martin Marietta Magnesia Specialties
12. Nedmag B.V.
13. Premier Magnesia, LLC
14. RHI Magnesita
15. Tateho Chemical Industries Co.,Ltd
16. TIMAB Magnesium (Roullier Group)
17. Ube Material Industries
18. US Magnesium LLC

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Booming refractory demand from reviving global steel output
  • 4.2.2 Stringent wastewater and flue-gas norms spurring Mg-based environmental reagents
  • 4.2.3 Soil-magnesium depletion accelerating fertilizer-grade Mg salts usage
  • 4.2.4 Desalination-brine valorisation unlocking ultra-low-cost Mg feedstocks
  • 4.2.5 Rapid adoption of low-carbon magnesium-phosphate cements in construction
• 4.3 Market Restraints
  • 4.3.1 Price-sensitive substitution by Ca/Al compounds in several end-uses
  • 4.3.2 Supply-chain volatility driven by China-centric production and energy costs
  • 4.3.3 ESG scrutiny of Pidgeon-route carbon footprint curbing new capacity
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Consumers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitute Products and Services
  • 4.5.5 Degree of Competition

5 Market Size and Growth Forecasts(Value)

• 5.1 By Source
  • 5.1.1 Seawater
  • 5.1.2 Natural Brines
  • 5.1.3 Other Sources
• 5.2 By Product Type
  • 5.2.1 Inorganic Chemicals
  • 5.2.2 Organic Chemicals
• 5.3 By End-User Industry
  • 5.3.1 Agriculture
  • 5.3.2 Electrical and Electronics
  • 5.3.3 Automotive
  • 5.3.4 Aerospace
  • 5.3.5 Construction
  • 5.3.6 Refractory
  • 5.3.7 Other End-User Industries
• 5.4 By Geography
  • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 ASEAN
    • 5.4.1.6 Oceania
    • 5.4.1.7 Rest of Asia-Pacific
  • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
  • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Russia
    • 5.4.3.6 Rest of Europe
  • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
  • 5.4.5 Middle-East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle-East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share/Ranking Analysis
• 6.4 Company Profiles {(includes Global-level Overview, Market-level overview, Core Segments, Financials, Strategic Information, Products and Services, Recent Developments)}
  • 6.4.1 Alliance Chemical
  • 6.4.2 Baymag Inc.
  • 6.4.3 Dashiqiao Huamei Group Co., Ltd.
  • 6.4.4 Grecian Magnesite
  • 6.4.5 Haicheng Huayu Group
  • 6.4.6 Imerys
  • 6.4.7 Israel Chemicals Ltd. (ICL)
  • 6.4.8 KUMAS Manyezit
  • 6.4.9 Liaoning Jinding Magnesite Group (JDMG)
  • 6.4.10 Magnezit Group
  • 6.4.11 Martin Marietta Magnesia Specialties
  • 6.4.12 Nedmag B.V.
  • 6.4.13 Premier Magnesia, LLC
  • 6.4.14 RHI Magnesita
  • 6.4.15 Tateho Chemical Industries Co.,Ltd
  • 6.4.16 TIMAB Magnesium (Roullier Group)
  • 6.4.17 Ube Material Industries
  • 6.4.18 US Magnesium LLC

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-Need Assessment