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Chemical & Material Global Magnesium-based Solid Hydrogen Storage Material Market 2025 by Company, Regions, Type and Application, Forecast to 2031

  • RnM4627418
    • |
  • 26 September, 2025
    • |
  • Global
    • |
  • 86 Pages
    • |
  • GIR
    • |
  • Chemical & Material

According to our latest research, the global Magnesium-based Solid Hydrogen Storage Material market size will reach USD 608 million in 2031, growing at a CAGR of 58.3% over the analysis period.
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 is a detailed and comprehensive analysis for global Magnesium-based Solid Hydrogen Storage Material market. Both quantitative and qualitative analyses are presented by company, 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 2025, are provided.
Key Features:
Global Magnesium-based Solid Hydrogen Storage Material market size and forecasts, in consumption value ($ Million), 2020-2031
Global Magnesium-based Solid Hydrogen Storage Material market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global Magnesium-based Solid Hydrogen Storage Material market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global Magnesium-based Solid Hydrogen Storage Material market shares of main players, in revenue ($ Million), 2020-2025
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, revenue, 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, Sigma Aldrich, Jiangsu JITRI Advanced Energy Materials, Shanghai Laienergy Hydrogen, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Magnesium-based Solid Hydrogen Storage Material market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. 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
Market segment by players, this report covers
MG Power
GRIMAT
Shanghai H2store Energy Technology
Biocoke Lab
Sigma Aldrich
Jiangsu JITRI Advanced Energy Materials
Shanghai Laienergy Hydrogen
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 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 players of Magnesium-based Solid Hydrogen Storage Material, with revenue, gross margin, and global market share of Magnesium-based Solid Hydrogen Storage Material from 2020 to 2025.
Chapter 3, the Magnesium-based Solid Hydrogen Storage Material competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Magnesium-based Solid Hydrogen Storage Material market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Magnesium-based Solid Hydrogen Storage Material.
Chapter 13, to describe Magnesium-based Solid Hydrogen Storage Material research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Classification of Magnesium-based Solid Hydrogen Storage Material by Type
    • 1.3.1 Overview: Global Magnesium-based Solid Hydrogen Storage Material Market Size by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Global Magnesium-based Solid Hydrogen Storage Material Consumption Value Market Share by Type in 2024
    • 1.3.3 Powder Solid Hydrogen Storage Material
    • 1.3.4 Block Solid Hydrogen Storage Material
  • 1.4 Global Magnesium-based Solid Hydrogen Storage Material Market by Application
    • 1.4.1 Overview: Global Magnesium-based Solid Hydrogen Storage Material Market Size by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 New Energy
    • 1.4.3 Medical
    • 1.4.4 Others
  • 1.5 Global Magnesium-based Solid Hydrogen Storage Material Market Size & Forecast
  • 1.6 Global Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast by Region
    • 1.6.1 Global Magnesium-based Solid Hydrogen Storage Material Market Size by Region: 2020 VS 2024 VS 2031
    • 1.6.2 Global Magnesium-based Solid Hydrogen Storage Material Market Size by Region, (2020-2031)
    • 1.6.3 North America Magnesium-based Solid Hydrogen Storage Material Market Size and Prospect (2020-2031)
    • 1.6.4 Europe Magnesium-based Solid Hydrogen Storage Material Market Size and Prospect (2020-2031)
    • 1.6.5 Asia-Pacific Magnesium-based Solid Hydrogen Storage Material Market Size and Prospect (2020-2031)
    • 1.6.6 South America Magnesium-based Solid Hydrogen Storage Material Market Size and Prospect (2020-2031)
    • 1.6.7 Middle East & Africa Magnesium-based Solid Hydrogen Storage Material Market Size and Prospect (2020-2031)

2 Company Profiles

  • 2.1 MG Power
    • 2.1.1 MG Power Details
    • 2.1.2 MG Power Major Business
    • 2.1.3 MG Power Magnesium-based Solid Hydrogen Storage Material Product and Solutions
    • 2.1.4 MG Power Magnesium-based Solid Hydrogen Storage Material Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 MG Power Recent Developments and Future Plans
  • 2.2 GRIMAT
    • 2.2.1 GRIMAT Details
    • 2.2.2 GRIMAT Major Business
    • 2.2.3 GRIMAT Magnesium-based Solid Hydrogen Storage Material Product and Solutions
    • 2.2.4 GRIMAT Magnesium-based Solid Hydrogen Storage Material Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 GRIMAT Recent Developments and Future Plans
  • 2.3 Shanghai H2store Energy Technology
    • 2.3.1 Shanghai H2store Energy Technology Details
    • 2.3.2 Shanghai H2store Energy Technology Major Business
    • 2.3.3 Shanghai H2store Energy Technology Magnesium-based Solid Hydrogen Storage Material Product and Solutions
    • 2.3.4 Shanghai H2store Energy Technology Magnesium-based Solid Hydrogen Storage Material Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Shanghai H2store Energy Technology Recent Developments and Future Plans
  • 2.4 Biocoke Lab
    • 2.4.1 Biocoke Lab Details
    • 2.4.2 Biocoke Lab Major Business
    • 2.4.3 Biocoke Lab Magnesium-based Solid Hydrogen Storage Material Product and Solutions
    • 2.4.4 Biocoke Lab Magnesium-based Solid Hydrogen Storage Material Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Biocoke Lab Recent Developments and Future Plans
  • 2.5 Sigma Aldrich
    • 2.5.1 Sigma Aldrich Details
    • 2.5.2 Sigma Aldrich Major Business
    • 2.5.3 Sigma Aldrich Magnesium-based Solid Hydrogen Storage Material Product and Solutions
    • 2.5.4 Sigma Aldrich Magnesium-based Solid Hydrogen Storage Material Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Sigma Aldrich Recent Developments and Future Plans
  • 2.6 Jiangsu JITRI Advanced Energy Materials
    • 2.6.1 Jiangsu JITRI Advanced Energy Materials Details
    • 2.6.2 Jiangsu JITRI Advanced Energy Materials Major Business
    • 2.6.3 Jiangsu JITRI Advanced Energy Materials Magnesium-based Solid Hydrogen Storage Material Product and Solutions
    • 2.6.4 Jiangsu JITRI Advanced Energy Materials Magnesium-based Solid Hydrogen Storage Material Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Jiangsu JITRI Advanced Energy Materials Recent Developments and Future Plans
  • 2.7 Shanghai Laienergy Hydrogen
    • 2.7.1 Shanghai Laienergy Hydrogen Details
    • 2.7.2 Shanghai Laienergy Hydrogen Major Business
    • 2.7.3 Shanghai Laienergy Hydrogen Magnesium-based Solid Hydrogen Storage Material Product and Solutions
    • 2.7.4 Shanghai Laienergy Hydrogen Magnesium-based Solid Hydrogen Storage Material Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Shanghai Laienergy Hydrogen Recent Developments and Future Plans

3 Market Competition, by Players

  • 3.1 Global Magnesium-based Solid Hydrogen Storage Material Revenue and Share by Players (2020-2025)
  • 3.2 Market Share Analysis (2024)
    • 3.2.1 Market Share of Magnesium-based Solid Hydrogen Storage Material by Company Revenue
    • 3.2.2 Top 3 Magnesium-based Solid Hydrogen Storage Material Players Market Share in 2024
    • 3.2.3 Top 6 Magnesium-based Solid Hydrogen Storage Material Players Market Share in 2024
  • 3.3 Magnesium-based Solid Hydrogen Storage Material Market: Overall Company Footprint Analysis
    • 3.3.1 Magnesium-based Solid Hydrogen Storage Material Market: Region Footprint
    • 3.3.2 Magnesium-based Solid Hydrogen Storage Material Market: Company Product Type Footprint
    • 3.3.3 Magnesium-based Solid Hydrogen Storage Material Market: Company Product Application Footprint
  • 3.4 New Market Entrants and Barriers to Market Entry
  • 3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Type

  • 4.1 Global Magnesium-based Solid Hydrogen Storage Material Consumption Value and Market Share by Type (2020-2025)
  • 4.2 Global Magnesium-based Solid Hydrogen Storage Material Market Forecast by Type (2026-2031)

5 Market Size Segment by Application

  • 5.1 Global Magnesium-based Solid Hydrogen Storage Material Consumption Value Market Share by Application (2020-2025)
  • 5.2 Global Magnesium-based Solid Hydrogen Storage Material Market Forecast by Application (2026-2031)

6 North America

  • 6.1 North America Magnesium-based Solid Hydrogen Storage Material Consumption Value by Type (2020-2031)
  • 6.2 North America Magnesium-based Solid Hydrogen Storage Material Market Size by Application (2020-2031)
  • 6.3 North America Magnesium-based Solid Hydrogen Storage Material Market Size by Country
    • 6.3.1 North America Magnesium-based Solid Hydrogen Storage Material Consumption Value by Country (2020-2031)
    • 6.3.2 United States Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)
    • 6.3.3 Canada Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)
    • 6.3.4 Mexico Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)

7 Europe

  • 7.1 Europe Magnesium-based Solid Hydrogen Storage Material Consumption Value by Type (2020-2031)
  • 7.2 Europe Magnesium-based Solid Hydrogen Storage Material Consumption Value by Application (2020-2031)
  • 7.3 Europe Magnesium-based Solid Hydrogen Storage Material Market Size by Country
    • 7.3.1 Europe Magnesium-based Solid Hydrogen Storage Material Consumption Value by Country (2020-2031)
    • 7.3.2 Germany Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)
    • 7.3.3 France Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)
    • 7.3.4 United Kingdom Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)
    • 7.3.5 Russia Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)
    • 7.3.6 Italy Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)

8 Asia-Pacific

  • 8.1 Asia-Pacific Magnesium-based Solid Hydrogen Storage Material Consumption Value by Type (2020-2031)
  • 8.2 Asia-Pacific Magnesium-based Solid Hydrogen Storage Material Consumption Value by Application (2020-2031)
  • 8.3 Asia-Pacific Magnesium-based Solid Hydrogen Storage Material Market Size by Region
    • 8.3.1 Asia-Pacific Magnesium-based Solid Hydrogen Storage Material Consumption Value by Region (2020-2031)
    • 8.3.2 China Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)
    • 8.3.3 Japan Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)
    • 8.3.4 South Korea Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)
    • 8.3.5 India Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)
    • 8.3.6 Southeast Asia Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)
    • 8.3.7 Australia Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)

9 South America

  • 9.1 South America Magnesium-based Solid Hydrogen Storage Material Consumption Value by Type (2020-2031)
  • 9.2 South America Magnesium-based Solid Hydrogen Storage Material Consumption Value by Application (2020-2031)
  • 9.3 South America Magnesium-based Solid Hydrogen Storage Material Market Size by Country
    • 9.3.1 South America Magnesium-based Solid Hydrogen Storage Material Consumption Value by Country (2020-2031)
    • 9.3.2 Brazil Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)
    • 9.3.3 Argentina Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)

10 Middle East & Africa

  • 10.1 Middle East & Africa Magnesium-based Solid Hydrogen Storage Material Consumption Value by Type (2020-2031)
  • 10.2 Middle East & Africa Magnesium-based Solid Hydrogen Storage Material Consumption Value by Application (2020-2031)
  • 10.3 Middle East & Africa Magnesium-based Solid Hydrogen Storage Material Market Size by Country
    • 10.3.1 Middle East & Africa Magnesium-based Solid Hydrogen Storage Material Consumption Value by Country (2020-2031)
    • 10.3.2 Turkey Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)
    • 10.3.3 Saudi Arabia Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)
    • 10.3.4 UAE Magnesium-based Solid Hydrogen Storage Material Market Size and Forecast (2020-2031)

11 Market Dynamics

  • 11.1 Magnesium-based Solid Hydrogen Storage Material Market Drivers
  • 11.2 Magnesium-based Solid Hydrogen Storage Material Market Restraints
  • 11.3 Magnesium-based Solid Hydrogen Storage Material Trends Analysis
  • 11.4 Porters Five Forces Analysis
    • 11.4.1 Threat of New Entrants
    • 11.4.2 Bargaining Power of Suppliers
    • 11.4.3 Bargaining Power of Buyers
    • 11.4.4 Threat of Substitutes
    • 11.4.5 Competitive Rivalry

12 Industry Chain Analysis

  • 12.1 Magnesium-based Solid Hydrogen Storage Material Industry Chain
  • 12.2 Magnesium-based Solid Hydrogen Storage Material Upstream Analysis
  • 12.3 Magnesium-based Solid Hydrogen Storage Material Midstream Analysis
  • 12.4 Magnesium-based Solid Hydrogen Storage Material Downstream Analysis

13 Research Findings and Conclusion

    14 Appendix

    • 14.1 Methodology
    • 14.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Magnesium-based Solid Hydrogen Storage Material. Industry analysis & Market Report on Magnesium-based Solid Hydrogen Storage Material is a syndicated market report, published as Global Magnesium-based Solid Hydrogen Storage Material Market 2025 by Company, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Magnesium-based Solid Hydrogen Storage Material market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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