Metal Magnesium Market To Witness A Significant Growth Of USD 6.99 Billion By 2030
San Francisco, 11 May 2022: The Report Metal Magnesium Market Size, Share & Trends Analysis Report By Application (Iron & Steel Making, Die Casting, Aluminum Alloys, Titanium Reduction), By Region (APAC, EU, North America), And Segment Forecasts, 2022 - 2030 The global metal magnesium market size is expected to reach USD 6.99 billion by 2030, according to a new report by Grand View Research, Inc, expanding at a CAGR of 5.3% over the forecast period. Rising demand for lightweight parts mainly in the automotive and aerospace industries is anticipated to contribute to the market growth over the forecast period. Magnesium is a grey-white lightweight metal, which has the lowest melting point and lowest boiling point of all alkali earth metals. It is the third-most commonly used structural metal, after iron and aluminum. Its main applications are in aluminum alloys, die-casting, removal of sulfur in the iron and steel production process, and titanium production. The growing dem