Global Magnesium-based Solid Hydrogen Storage Material Market Growth (Status and Outlook) 2025-2031

According to this study, the global Magnesium-based Solid Hydrogen Storage Material market size will reach US$ 663 million by 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%.

LPI (LP Information)' newest research report, the “Magnesium-based Solid Hydrogen Storage Material Industry Forecast” looks at past sales and reviews total world Magnesium-based Solid Hydrogen Storage Material sales in 2024, providing a comprehensive analysis by region and market sector of projected Magnesium-based Solid Hydrogen Storage Material sales for 2025 through 2031. With Magnesium-based Solid Hydrogen Storage Material sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Magnesium-based Solid Hydrogen Storage Material industry.

This Insight Report provides a comprehensive analysis of the global Magnesium-based Solid Hydrogen Storage Material landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Magnesium-based Solid Hydrogen Storage Material portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Magnesium-based Solid Hydrogen Storage Material market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Magnesium-based Solid Hydrogen Storage Material and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Magnesium-based Solid Hydrogen Storage Material.

This report presents a comprehensive overview, market shares, and growth opportunities of Magnesium-based Solid Hydrogen Storage Material market by product type, application, key players and key regions and countries.

Segmentation by Type:
Powder Solid Hydrogen Storage Material
Block Solid Hydrogen Storage Material

Segmentation by Application:
New Energy
Medical
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
MG Power
GRIMAT
Shanghai H2store Energy Technology
Biocoke Lab
Sigma Aldrich
Jiangsu JITRI Advanced Energy Materials
Shanghai Laienergy Hydrogen

Please note: The report will take approximately 2 business days to prepare and deliver.