Industry: Chemical & Material
Published Date: 2025-09-10
Pages: 80 Pages
Report ld: 4720033
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Magnesium-based Solid Hydrogen Storage Material Market Size(US$)

CAGR 2025-2031
59.7%
Market Size,2031
USD 623
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Magnesium-based Solid Hydrogen Storage Material market size was 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%.
The global Magnesium-based Solid Hydrogen Storage Material market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on revenue and forecasts across regions, by Type, and by Application for 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Magnesium-based Solid Hydrogen Storage Material market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Block Solid Hydrogen Storage Material in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Medical in India).
Chapter 6: Regional revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Magnesium-based Solid Hydrogen Storage Material value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Report Overview
1.1 Study Scope
1.2 Market by Type
1.2.1 Global Market Size Growth by Type: 2020 VS 2024 VS 2031
1.2.2 Powder Solid Hydrogen Storage Material
1.2.3 Block Solid Hydrogen Storage Material
1.3 Market by Application
1.3.1 Global Market Share by Application: 2020 VS 2024 VS 2031
1.3.2 New Energy
1.3.3 Medical
1.3.4 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Magnesium-based Solid Hydrogen Storage Material Market Perspective (2020-2031)
2.2 Global Market Size by Region: 2020 VS 2024 VS 2031
2.3 Global Magnesium-based Solid Hydrogen Storage Material Revenue Market Share by Region (2020-2025)
2.4 Global Magnesium-based Solid Hydrogen Storage Material Revenue Forecast by Region (2026-2031)
2.5 Major Region and Emerging Market Analysis
2.5.1 North America Magnesium-based Solid Hydrogen Storage Material Market Size and Prospective (2020-2031)
2.5.2 Japan Magnesium-based Solid Hydrogen Storage Material Market Size and Prospective (2020-2031)
2.5.3 China Magnesium-based Solid Hydrogen Storage Material Market Size and Prospective (2020-2031)
3 Breakdown Data by Type
3.1 Global Magnesium-based Solid Hydrogen Storage Material Historic Market Size by Type (2020-2025)
3.2 Global Magnesium-based Solid Hydrogen Storage Material Forecasted Market Size by Type (2026-2031)
3.3 Different Types Magnesium-based Solid Hydrogen Storage Material Representative Players
4 Breakdown Data by Application
4.1 Global Magnesium-based Solid Hydrogen Storage Material Historic Market Size by Application (2020-2025)
4.2 Global Magnesium-based Solid Hydrogen Storage Material Forecasted Market Size by Application (2026-2031)
4.3 New Sources of Growth in Magnesium-based Solid Hydrogen Storage Material Application
5 Competition Landscape by Players
5.1 Global Top Players by Revenue
5.1.1 Global Top Magnesium-based Solid Hydrogen Storage Material Players by Revenue (2020-2025)
5.1.2 Global Magnesium-based Solid Hydrogen Storage Material Revenue Market Share by Players (2020-2025)
5.2 Global Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
5.3 Players Covered: Ranking by Magnesium-based Solid Hydrogen Storage Material Revenue
5.4 Global Magnesium-based Solid Hydrogen Storage Material Market Concentration Analysis
5.4.1 Global Magnesium-based Solid Hydrogen Storage Material Market Concentration Ratio (CR5 and HHI)
5.4.2 Global Top 10 and Top 5 Companies by Magnesium-based Solid Hydrogen Storage Material Revenue in 2024
5.5 Global Key Players of Magnesium-based Solid Hydrogen Storage Material Head office and Area Served
5.6 Global Key Players of Magnesium-based Solid Hydrogen Storage Material, Product and Application
5.7 Global Key Players of Magnesium-based Solid Hydrogen Storage Material, Date of Enter into This Industry
5.8 Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments and Downstream
6.1.1 North America Magnesium-based Solid Hydrogen Storage Material Revenue by Company (2020-2025)
6.1.2 North America Market Size by Type
6.1.2.1 North America Magnesium-based Solid Hydrogen Storage Material Market Size by Type (2020-2025)
6.1.2.2 North America Magnesium-based Solid Hydrogen Storage Material Market Share by Type (2020-2025)
6.1.3 North America Market Size by Application
6.1.3.1 North America Magnesium-based Solid Hydrogen Storage Material Market Size by Application (2020-2025)
6.1.3.2 North America Magnesium-based Solid Hydrogen Storage Material Market Share by Application (2020-2025)
6.1.4 North America Market Trend and Opportunities
6.2 Japan Market: Players, Segments and Downstream
6.2.1 Japan Magnesium-based Solid Hydrogen Storage Material Revenue by Company (2020-2025)
6.2.2 Japan Market Size by Type
6.2.2.1 Japan Magnesium-based Solid Hydrogen Storage Material Market Size by Type (2020-2025)
6.2.2.2 Japan Magnesium-based Solid Hydrogen Storage Material Market Share by Type (2020-2025)
6.2.3 Japan Market Size by Application
6.2.3.1 Japan Magnesium-based Solid Hydrogen Storage Material Market Size by Application (2020-2025)
6.2.3.2 Japan Magnesium-based Solid Hydrogen Storage Material Market Share by Application (2020-2025)
6.2.4 Japan Market Trend and Opportunities
6.3 China Market: Players, Segments and Downstream
6.3.1 China Magnesium-based Solid Hydrogen Storage Material Revenue by Company (2020-2025)
6.3.2 China Market Size by Type
6.3.2.1 China Magnesium-based Solid Hydrogen Storage Material Market Size by Type (2020-2025)
6.3.2.2 China Magnesium-based Solid Hydrogen Storage Material Market Share by Type (2020-2025)
6.3.3 China Market Size by Application
6.3.3.1 China Magnesium-based Solid Hydrogen Storage Material Market Size by Application (2020-2025)
6.3.3.2 China Magnesium-based Solid Hydrogen Storage Material Market Share by Application (2020-2025)
6.3.4 China Market Trend and Opportunities
7 Key Players Profiles
7.1 MG Power
7.1.1 MG Power Company Details
7.1.2 MG Power Business Overview
7.1.3 MG Power Magnesium-based Solid Hydrogen Storage Material Introduction
7.1.4 MG Power Revenue in Magnesium-based Solid Hydrogen Storage Material Business (2020-2025)
7.1.5 MG Power Recent Development
7.2 GRIMAT
7.2.1 GRIMAT Company Details
7.2.2 GRIMAT Business Overview
7.2.3 GRIMAT Magnesium-based Solid Hydrogen Storage Material Introduction
7.2.4 GRIMAT Revenue in Magnesium-based Solid Hydrogen Storage Material Business (2020-2025)
7.2.5 GRIMAT Recent Development
7.3 Shanghai H2store Energy Technology
7.3.1 Shanghai H2store Energy Technology Company Details
7.3.2 Shanghai H2store Energy Technology Business Overview
7.3.3 Shanghai H2store Energy Technology Magnesium-based Solid Hydrogen Storage Material Introduction
7.3.4 Shanghai H2store Energy Technology Revenue in Magnesium-based Solid Hydrogen Storage Material Business (2020-2025)
7.3.5 Shanghai H2store Energy Technology Recent Development
7.4 Biocoke Lab
7.4.1 Biocoke Lab Company Details
7.4.2 Biocoke Lab Business Overview
7.4.3 Biocoke Lab Magnesium-based Solid Hydrogen Storage Material Introduction
7.4.4 Biocoke Lab Revenue in Magnesium-based Solid Hydrogen Storage Material Business (2020-2025)
7.4.5 Biocoke Lab Recent Development
7.5 Sigma Aldrich
7.5.1 Sigma Aldrich Company Details
7.5.2 Sigma Aldrich Business Overview
7.5.3 Sigma Aldrich Magnesium-based Solid Hydrogen Storage Material Introduction
7.5.4 Sigma Aldrich Revenue in Magnesium-based Solid Hydrogen Storage Material Business (2020-2025)
7.5.5 Sigma Aldrich Recent Development
7.6 Jiangsu JITRI Advanced Energy Materials
7.6.1 Jiangsu JITRI Advanced Energy Materials Company Details
7.6.2 Jiangsu JITRI Advanced Energy Materials Business Overview
7.6.3 Jiangsu JITRI Advanced Energy Materials Magnesium-based Solid Hydrogen Storage Material Introduction
7.6.4 Jiangsu JITRI Advanced Energy Materials Revenue in Magnesium-based Solid Hydrogen Storage Material Business (2020-2025)
7.6.5 Jiangsu JITRI Advanced Energy Materials Recent Development
7.7 Shanghai Laienergy Hydrogen
7.7.1 Shanghai Laienergy Hydrogen Company Details
7.7.2 Shanghai Laienergy Hydrogen Business Overview
7.7.3 Shanghai Laienergy Hydrogen Magnesium-based Solid Hydrogen Storage Material Introduction
7.7.4 Shanghai Laienergy Hydrogen Revenue in Magnesium-based Solid Hydrogen Storage Material Business (2020-2025)
7.7.5 Shanghai Laienergy Hydrogen Recent Development
8 Magnesium-based Solid Hydrogen Storage Material Market Dynamics
8.1 Magnesium-based Solid Hydrogen Storage Material Industry Trends
8.2 Magnesium-based Solid Hydrogen Storage Material Market Drivers
8.3 Magnesium-based Solid Hydrogen Storage Material Market Challenges
8.4 Magnesium-based Solid Hydrogen Storage Material Market Restraints
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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