Magnesium Metal Market Set to Surge: Projections Point to a Remarkable Growth to US$ 9 billion by 2033 Fueled by Rising Adoption in Medical and Electronic Applications
The magnesium metal industry is poised for substantial growth, with a predicted value of US$ 5.3 billion in 2023, and projected to reach US$ 9 billion by 2033. This growth is anticipated to be driven by a robust compound annual growth rate (CAGR) of 5.4% over the forecast period, indicating increasing demand for magnesium metal in various…