India Magnesium Market (2025-2031) Outlook | Companies, Analysis, Trends, Size, Forecast, Growth, Revenue, Value, Share & Industry

India Magnesium Market Synopsis

Magnesium is a silvery-white alkaline earth metal widely used in chemical, medical, and industrial applications. India is one of the leading importers of magnesium in Asia Pacific and plays an important role in the regional trade. The India magnesium market was estimated at USD 622 million in 2025 and is projected to expand at a CAGR of 4.8% from 2025to 2031.

Market Drivers

The growth of the India magnesium market is mainly driven by increasing demand from various end use industries such as automotive & transportation, construction industry etc. Increasing investments towards R&D activities related to developing new grades are also driving the growth prospects for this market. Growing demand from Asian countries like China and Japan is also fuelling its demand in India due to huge supply chain network between these countries. Moreover growing concern regarding environmental issues have encouraged manufacturers to switch their production process from conventional methods to more ecofriendly operations which require less energy consumption thereby driving the overall growth of this sector.

Challenges of the Market

Availability of cheaper substitutes like aluminum alloys have posed threat on utilization rates across different verticals thereby restraining its overall sales volume during forecast period 2025-2031. Furthermore surging costs associated with raw materials used for manufacturing processes are likely hamper short term profitability margins among key players operating within this space during forecast period 2025-2031. Unregulated mining activities involving illegal extraction of raw minerals along with presence counterfeit products might create hindrance towards sustainable growth opportunities amongst domestic manufacturers during forecast period 2025-2031

Key Players in the Market

Some major key players operating within Indiamagnesium market include International Mining & Metallurgical Co Ltd., Hindustan Magnesium Products Pvt Ltd., Gujarat Metal Castings Ltd., Guha Minerals Private Limited , Mysore Minerals Ltd., Jindal Saw Pipes Ltd., GVK Biosciences Pvt ltd etc.

COVID-19 impact on the market

The outbreak novel coronavirus (COVID - 19) has had severe impact on global economy including India where most states issued strict lockdowns leaving many businesses closed down or running at very slow pace thus paralyzing economic activity adversely affecting production output levels across multiple industrial segments including that pertaining to magensium segment as well wherein considerable decline was observed amidst first quarter 2025 when compared against that recorded during same

Key Highlights of the Report:

• India Magnesium Market Outlook
• Market Size of India Magnesium Market, 2024
• Forecast of India Magnesium Market, 2031
• Historical Data and Forecast of India Magnesium Revenues & Volume for the Period 2021-2031
• India Magnesium Market Trend Evolution
• India Magnesium Market Drivers and Challenges
• India Magnesium Price Trends
• India Magnesium Porter's Five Forces
• India Magnesium Industry Life Cycle
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By By Manufacturing Process for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Thermal Reduction Process for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Electrolytic Process for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Recycling for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By By Product for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Pure Magnesium for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Magnesium Compounds for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Magnesium Alloys for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By By Application for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Die casting for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Aluminum alloys for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Titanium reduction for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Iron & steelmaking for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By others for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By By End-Use Industry for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Aerospace & Defense for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Automotive for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Construction for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Medical and Healthcare for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Packaging for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By Electronics for the Period 2021-2031
• Historical Data and Forecast of India Magnesium Market Revenues & Volume By others for the Period 2021-2031
• India Magnesium Import Export Trade Statistics
• Market Opportunity Assessment By By Manufacturing Process
• Market Opportunity Assessment By By Product
• Market Opportunity Assessment By By Application
• Market Opportunity Assessment By By End-Use Industry
• India Magnesium Top Companies Market Share
• India Magnesium Competitive Benchmarking By Technical and Operational Parameters
• India Magnesium Company Profiles
• India Magnesium Key Strategic Recommendations