The Market Reports

Synopsis
The global market for Magnesium-based Solid Hydrogen Storage Material was estimated to be worth US$ 24.5 million in 2024 and is forecast to a readjusted size of US$ 623 million by 2031 with a CAGR of 59.7% during the forecast period 2025-2031.
Magnesium based solid hydrogen storage materials, also known as magnesium based hydrogen storage materials, refer to a type of metal solid hydrogen storage materials that have the advantages of large hydrogen storage capacity, low production cost, and abundant raw materials. The main component of magnesium based solid hydrogen storage materials is magnesium hydride with a purity of over 99%, with impurities such as magnesium and trace amounts of other metal elements. The currently mature magnesium based solid hydrogen storage material is magnesium based hydrogen storage alloy. Due to the fact that most manufacturers produce magnesium based solid-state hydrogen storage materials for their own use in the production of solid-state hydrogen storage equipment. The product price cannot be obtained, so the report provided only includes income data. Excluding product prices and sales volume.
MG Power, GRIMAT and Shanghai H2store Energy Technology are top 3 manufacturers of magnesium-based solid hydrogen storage material, accounting for 65%. Other giants in the industry include Biocoke Lab, Sigma Aldrich and Jiangsu JITRI Advanced Energy Materials, etc. Americas is the largest market by region, making up over 50%, followed by APAC and Europe. Based on the shape of material, the product can be divided into 2 types--powder and block solid hydrogen storage material, where the powder gains a share over 70%. In terms of application, new energy and medical are two main segments. And new energy is the largest one, holding a share about 80%. Hydrogen storage in metal hydrides, compared to conventional methods, is regarded as one of the best solutions due to the higher volumetric storage capacity and safety. Magnesium and magnesium-based alloys are promising candidates for hydrogen storage. The hydrogen storage capacity of magnesium in the form of MgH2 amounts to 7.6 wt%.
This report aims to provide a comprehensive presentation of the global market for Magnesium-based Solid Hydrogen Storage Material, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Magnesium-based Solid Hydrogen Storage Material by region & country, by Type, and by Application.
The Magnesium-based Solid Hydrogen Storage Material market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Magnesium-based Solid Hydrogen Storage Material.
Market Segmentation
By Company
MG Power
GRIMAT
Shanghai H2store Energy Technology
Biocoke Lab
Sigma Aldrich
Jiangsu JITRI Advanced Energy Materials
Shanghai Laienergy Hydrogen
Segment by Type
Powder Solid Hydrogen Storage Material
Block Solid Hydrogen Storage Material
Segment by Application
New Energy
Medical
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Magnesium-based Solid Hydrogen Storage Material company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Magnesium-based Solid Hydrogen Storage Material in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Magnesium-based Solid Hydrogen Storage Material in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index