Dublin, Jan. 20, 2026 (GLOBE NEWSWIRE) — The “Lithium-Magnesium Alloy Market Report 2026” has been added to ResearchAndMarkets.com’s offering.
The lithium-magnesium alloy market is poised for significant expansion, projecting a growth from $1.17 billion in 2025 to $1.75 billion in 2030, at a CAGR of 8.3%. This growth trajectory is driven by the increasing adoption of lightweight alloys in aerospace and automotive sectors, advancements in manufacturing processes, and the rising demand for ultralight, corrosion-resistant materials in electronics and other industries.
Key factors propelling this market include the application of ultralight alloys in modern aircraft and spacecraft, driven by the imperative for energy efficiency and sustainability. The automotive industry’s shift towards electrification further enhances the demand for lithium-magnesium alloys, as these materials are crucial for reducing vehicle weight and boosting performance. The development of recyclable alloys also aligns with evolving sustainability objectives.
The electric vehicle (EV) sector is a critical driver of this trend, with EV adoption soaring due to increasing fuel prices and environmental concerns. Lithium-magnesium alloy components play a pivotal role in enhancing EV efficiency and range, contributing to the shift toward more sustainable transport solutions. In May 2024, the International Energy Agency highlighted a notable rise in electric car sales, underlining the industry’s shift toward electrification.
In recent years, key industry players like Shenzhen Xingqiu Technology Co. Ltd. have introduced innovations such as mass-produced lithium-magnesium alloy dual-motor housings, marking significant advancements in thermal management and structural integrity in EVs. This aligns with the broader trend of developing high-lithium-content alloys and enhancing their corrosion resistance and formability.
Strategic partnerships are shaping the industry landscape, as seen with Qinghai Salt Lake Industry Co. Ltd. collaborating with Sichuan Union Shine New Energy Sci-Tech Co. Ltd. to leverage expertise in large-scale potassium and lithium extraction. These alliances aim to bolster supply chain stability and promote green growth in the industry.
Market leaders in the lithium-magnesium alloy sector include POSCO Magnesium Corporation, Jiangxi Ganfeng Lithium Group Company Limited, and Stanford Advanced Materials Inc. North America currently leads the market, but Asia-Pacific is expected to witness the fastest growth due to technological advancements and expanding demand in sectors like aerospace and electronics.
However, global trade relations and tariffs pose challenges, impacting costs and investment rates. Tariffs on critical materials are prompting regional supply chain localization, potentially fostering domestic innovation and cost reduction. The necessity for strategic adaptations in response to these global shifts is highlighted in recent market analyses.
The latest lithium-magnesium alloy market reports offer comprehensive insights into industry dynamics, encompassing market size, regional distributions, competitor analysis, and emerging opportunities necessary for thriving in this evolving landscape.
Major product types include sheets, plates, and extrusions, each serving crucial roles in aerospace, automotive, and electronics industries. The market encompasses diverse geographic regions, with significant activity in China, the USA, Germany, and other major industrial hubs.
Report Scope:
- Product Type: Sheets; Plates; Extrusions; Other
- Alloy Composition: High Lithium, High Magnesium, Balanced
- Technology: Cold Working, Hot Working, Additive Manufacturing, Casting
- Application: Aerospace, Automotive, Electronics, Medical Devices, Energy Storage
- Key Companies: POSCO Magnesium Corporation, Jiangxi Ganfeng Lithium Group, Curtiss-Wright Corporation
- Countries Covered: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2026 – 2030 |
| Estimated Market Value (USD) in 2026 | $1.27 Billion |
| Forecasted Market Value (USD) by 2030 | $1.75 Billion |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
Companies Featured
- POSCO Magnesium Corporation
- Jiangxi Ganfeng Lithium Group Company Limited
- Curtiss-Wright Corporation
- Santoku Corporation
- Stanford Advanced Materials Inc.
- MSE Supplies LLC
- Tekno Steel & Engineering Company
- Shanghai Metal Corporation
- Jaydeep Steels Private Limited
- American Elements Corporation
- Dome Metals Co Ltd.
- MTI Corporation
- ATT Advanced Elemental Materials Company Limited
- Firering Strategic Minerals Holdings Limited
- Heeger Materials Incorporated
- Nanochemazone Inc.
- Shanxi Bada Magnesium Company Limited
- Suzhou Haichuan Rare Metal Products Co Ltd.
- Tangshan Weiho Magnesium Powder Company Limited
- Xi’an Sifang Ultralight Material Company Limited
For more information about this report visit https://www.researchandmarkets.com/r/nzmvoj
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- Lithium-Magnesium Alloy Market
