Global Magnesium-based Solid Hydrogen Storage Material Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global Magnesium-based Solid Hydrogen Storage Material Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Magnesium-based Solid Hydrogen Storage Material market size was valued at USD 12 million in 2022 and is forecast to a readjusted size of USD 284.5 million by 2029 with a CAGR of 57.1% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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%.

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.

This report is a detailed and comprehensive analysis for global Magnesium-based Solid Hydrogen Storage Material market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:

Global Magnesium-based Solid Hydrogen Storage Material market size and forecasts, in consumption value ($ Million), sales quantity (Sqm), and average selling prices (US$/Sqm), 2018-2029

Global Magnesium-based Solid Hydrogen Storage Material market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Sqm), and average selling prices (US$/Sqm), 2018-2029

Global Magnesium-based Solid Hydrogen Storage Material market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Sqm), and average selling prices (US$/Sqm), 2018-2029

Global Magnesium-based Solid Hydrogen Storage Material market shares of main players, shipments in revenue ($ Million), sales quantity (Sqm), and ASP (US$/Sqm), 2018-2023

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Magnesium-based Solid Hydrogen Storage Material

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Magnesium-based Solid Hydrogen Storage Material market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include MG Power, GRIMAT, Shanghai H2store Energy Technology, Biocoke Lab and Sigma Aldrich and etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market Segmentation

Magnesium-based Solid Hydrogen Storage Material market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Powder Solid Hydrogen Storage Material
Block Solid Hydrogen Storage Material

Market segment by Application
New Energy
Medical
Others

Major players covered
MG Power
GRIMAT
Shanghai H2store Energy Technology
Biocoke Lab
Sigma Aldrich
Jiangsu JITRI Advanced Energy Materials

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Magnesium-based Solid Hydrogen Storage Material product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Magnesium-based Solid Hydrogen Storage Material, with price, sales, revenue and global market share of Magnesium-based Solid Hydrogen Storage Material from 2018 to 2023.

Chapter 3, the Magnesium-based Solid Hydrogen Storage Material competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Magnesium-based Solid Hydrogen Storage Material breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Magnesium-based Solid Hydrogen Storage Material market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of Magnesium-based Solid Hydrogen Storage Material.

Chapter 14 and 15, to describe Magnesium-based Solid Hydrogen Storage Material sales channel, distributors, customers, research findings and conclusion.