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Home > Reports > Chemical & Material > Global Magnesium-based Solid Hydrogen Storage Material Market Research Report 2026

Global Magnesium-based Solid Hydrogen Storage Material Market Research Report 2026

Global Magnesium-based Solid Hydrogen Storage Material Market Research Report 2026

Industry: Chemical & Material

Published: 2026-01-05

Pages: 108 Pages

Report ld: 5574207

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Description

The global Magnesium-based Solid Hydrogen Storage Material market was valued at US$ 37.6 million in 2025 and is anticipated to reach US$ 958 million by 2032, at a CAGR of 59.7% from 2026 to 2032.

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.

Magnesium-based Solid Hydrogen Storage Material Market Size(US$)

M= millions and B=billions

QYRLogo
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 delivers a comprehensive overview of the global Magnesium-based Solid Hydrogen Storage Material market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Magnesium-based Solid Hydrogen Storage Material. The Magnesium-based Solid Hydrogen Storage Material market size, estimates, and forecasts are provided in terms of revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.

The report segments the global Magnesium-based Solid Hydrogen Storage Material market comprehensively. Regional market sizes by Type, by Application, , and by player are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.

This report will assist Magnesium-based Solid Hydrogen Storage Material manufacturers, new entrants, and companies across the industry value chain with information on revenues, sales volume, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.

Market Segmentation

  • Report Metric

  • Details

  • Report Title

  • Global Magnesium-based Solid Hydrogen Storage Material Market Research Report 2026

  • Forecasted Market Size in 2032

  • US$ 958 million

  • CAGR(2026-2032)

  • 59.7%

  • Market Size Available for Years

  • 2026-2032

  • Global Magnesium-based Solid Hydrogen Storage Material Companies Covered

  • MG Power

    GRIMAT

    Shanghai H2store Energy Technology

    Biocoke Lab

    Sigma Aldrich

    Jiangsu JITRI Advanced Energy Materials

    Shanghai Laienergy Hydrogen

  • Global Magnesium-based Solid Hydrogen Storage Material Market, by Region

  • North America (U.S., Canada, Mexico)

    Europe (Germany, France, UK, Italy, etc.)

    Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

    South America (Brazil, etc.)

    Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

  • Global Magnesium-based Solid Hydrogen Storage Material Market, Segment by Type

  • Powder Solid Hydrogen Storage Material

    Block Solid Hydrogen Storage Material

  • Global Magnesium-based Solid Hydrogen Storage Material Market, Segment by Application

  • New Energy

    Medical

    Others

  • Forecast Units

  • Million USD

  • Report Coverage

  • Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline
Chapter 1: Defines the scope of the report and presents an executive summary of market segments (by Type, by Application, , etc.), including the size of each segment and its future growth potential. It offers a high-level view of the current market and its likely evolution in the short, medium, and long term.
Chapter 2: Summarizes global and regional market size and outlines market dynamics and recent developments, including key drivers, restraints, challenges and risks for industry participants, and relevant policy analysis.
Chapter 3: Provides a detailed view of the competitive landscape for Magnesium-based Solid Hydrogen Storage Material companies, covering revenue share, development plans, and mergers and acquisitions.
Chapter 4: Analyzes segments by Type, detailing the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 5: Analyzes segments by Application, detailing the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 6–10: Regional deep dives (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) broken down by country. Each chapter quantifies market size and growth potential by region and key countries, and outlines market development, outlook, addressable space, and capacity.
Chapter 11: Profiles key players, presenting essential information on leading companies, including product/ service offerings, revenue, gross margin, product introductions/portfolios, recent developments, etc.
Chapter 12: Key findings and conclusions of the report.

Table of Contents

1 Report Overview
    1.1 Study Scope
    1.2 Market Analysis by Type
        1.2.1 Global Magnesium-based Solid Hydrogen Storage Material Market Size Growth Rate by Type: 2021 vs 2025 vs 2032
        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 Magnesium-based Solid Hydrogen Storage Material Market Growth by Application: 2021 vs 2025 vs 2032
        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 (2021–2032)
    2.2 Global Magnesium-based Solid Hydrogen Storage Material Growth Trends by Region
        2.2.1 Global Magnesium-based Solid Hydrogen Storage Material Market Size by Region: 2021 vs 2025 vs 2032
        2.2.2 Magnesium-based Solid Hydrogen Storage Material Historic Market Size by Region (2021–2026)
        2.2.3 Magnesium-based Solid Hydrogen Storage Material Forecasted Market Size by Region (2027–2032)
    2.3 Magnesium-based Solid Hydrogen Storage Material Market Dynamics
        2.3.1 Magnesium-based Solid Hydrogen Storage Material Industry Trends
        2.3.2 Magnesium-based Solid Hydrogen Storage Material Market Drivers
        2.3.3 Magnesium-based Solid Hydrogen Storage Material Market Challenges
        2.3.4 Magnesium-based Solid Hydrogen Storage Material Market Restraints
3 Competition Landscape by Key Players
    3.1 Global Top Magnesium-based Solid Hydrogen Storage Material Players by Revenue
        3.1.1 Global Top Magnesium-based Solid Hydrogen Storage Material Players by Revenue (2021–2026)
        3.1.2 Global Magnesium-based Solid Hydrogen Storage Material Revenue Market Share by Players (2021–2026)
    3.2 Global Top Magnesium-based Solid Hydrogen Storage Material Players Market Share by Company Tier (Tier 1, Tier 2, Tier 3)
    3.3 Global Key Players Ranking by Magnesium-based Solid Hydrogen Storage Material Revenue
    3.4 Global Magnesium-based Solid Hydrogen Storage Material Market Concentration Ratio
        3.4.1 Global Magnesium-based Solid Hydrogen Storage Material Market Concentration Ratio (CR5 and HHI)
        3.4.2 Global Top 10 and Top 5 Companies by Magnesium-based Solid Hydrogen Storage Material Revenue in 2025
    3.5 Global Key Players of Magnesium-based Solid Hydrogen Storage Material Head Offices and Areas Served
    3.6 Global Key Players of Magnesium-based Solid Hydrogen Storage Material, Products and Applications
    3.7 Global Key Players of Magnesium-based Solid Hydrogen Storage Material, Date of General Availability (GA)
    3.8 Mergers and Acquisitions, Expansion Plans
4 Magnesium-based Solid Hydrogen Storage Material Breakdown Data by Type
    4.1 Global Magnesium-based Solid Hydrogen Storage Material Historic Market Size by Type (2021–2026)
    4.2 Global Magnesium-based Solid Hydrogen Storage Material Forecasted Market Size by Type (2027–2032)
5 Magnesium-based Solid Hydrogen Storage Material Breakdown Data by Application
    5.1 Global Magnesium-based Solid Hydrogen Storage Material Historic Market Size by Application (2021–2026)
    5.2 Global Magnesium-based Solid Hydrogen Storage Material Forecasted Market Size by Application (2027–2032)
6 North America
    6.1 North America Magnesium-based Solid Hydrogen Storage Material Market Size (2021–2032)
    6.2 North America Magnesium-based Solid Hydrogen Storage Material Market Growth Rate by Country: 2021 vs 2025 vs 2032
    6.3 North America Magnesium-based Solid Hydrogen Storage Material Market Size by Country (2021–2026)
    6.4 North America Magnesium-based Solid Hydrogen Storage Material Market Size by Country (2027–2032)
    6.5 United States
    6.6 Canada
7 Europe
    7.1 Europe Magnesium-based Solid Hydrogen Storage Material Market Size (2021–2032)
    7.2 Europe Magnesium-based Solid Hydrogen Storage Material Market Growth Rate by Country: 2021 vs 2025 vs 2032
    7.3 Europe Magnesium-based Solid Hydrogen Storage Material Market Size by Country (2021–2026)
    7.4 Europe Magnesium-based Solid Hydrogen Storage Material Market Size by Country (2027–2032)
    7.5 Germany
    7.6 France
    7.7 U.K.
    7.8 Italy
    7.9 Russia
    7.10 Ireland
8 Asia-Pacific
    8.1 Asia-Pacific Magnesium-based Solid Hydrogen Storage Material Market Size (2021–2032)
    8.2 Asia-Pacific Magnesium-based Solid Hydrogen Storage Material Market Growth Rate by Region: 2021 vs 2025 vs 2032
    8.3 Asia-Pacific Magnesium-based Solid Hydrogen Storage Material Market Size by Region (2021–2026)
    8.4 Asia-Pacific Magnesium-based Solid Hydrogen Storage Material Market Size by Region (2027–2032)
    8.5 China
    8.6 Japan
    8.7 South Korea
    8.8 Southeast Asia
    8.9 India
    8.10 Australia & New Zealand
9 Latin America
    9.1 Latin America Magnesium-based Solid Hydrogen Storage Material Market Size (2021–2032)
    9.2 Latin America Magnesium-based Solid Hydrogen Storage Material Market Growth Rate by Country: 2021 vs 2025 vs 2032
    9.3 Latin America Magnesium-based Solid Hydrogen Storage Material Market Size by Country (2021–2026)
    9.4 Latin America Magnesium-based Solid Hydrogen Storage Material Market Size by Country (2027–2032)
    9.5 Mexico
    9.6 Brazil
10 Middle East & Africa
    10.1 Middle East & Africa Magnesium-based Solid Hydrogen Storage Material Market Size (2021–2032)
    10.2 Middle East & Africa Magnesium-based Solid Hydrogen Storage Material Market Growth Rate by Country: 2021 vs 2025 vs 2032
    10.3 Middle East & Africa Magnesium-based Solid Hydrogen Storage Material Market Size by Country (2021–2026)
    10.4 Middle East & Africa Magnesium-based Solid Hydrogen Storage Material Market Size by Country (2027–2032)
    10.5 Israel
    10.6 Saudi Arabia
    10.7 UAE
11 Key Players Profiles
    11.1 MG Power
        11.1.1 MG Power Company Details
        11.1.2 MG Power Business Overview
        11.1.3 MG Power Magnesium-based Solid Hydrogen Storage Material Introduction
        11.1.4 MG Power Revenue in Magnesium-based Solid Hydrogen Storage Material Business (2021–2026)
        11.1.5 MG Power Recent Development
    11.2 GRIMAT
        11.2.1 GRIMAT Company Details
        11.2.2 GRIMAT Business Overview
        11.2.3 GRIMAT Magnesium-based Solid Hydrogen Storage Material Introduction
        11.2.4 GRIMAT Revenue in Magnesium-based Solid Hydrogen Storage Material Business (2021–2026)
        11.2.5 GRIMAT Recent Development
    11.3 Shanghai H2store Energy Technology
        11.3.1 Shanghai H2store Energy Technology Company Details
        11.3.2 Shanghai H2store Energy Technology Business Overview
        11.3.3 Shanghai H2store Energy Technology Magnesium-based Solid Hydrogen Storage Material Introduction
        11.3.4 Shanghai H2store Energy Technology Revenue in Magnesium-based Solid Hydrogen Storage Material Business (2021–2026)
        11.3.5 Shanghai H2store Energy Technology Recent Development
    11.4 Biocoke Lab
        11.4.1 Biocoke Lab Company Details
        11.4.2 Biocoke Lab Business Overview
        11.4.3 Biocoke Lab Magnesium-based Solid Hydrogen Storage Material Introduction
        11.4.4 Biocoke Lab Revenue in Magnesium-based Solid Hydrogen Storage Material Business (2021–2026)
        11.4.5 Biocoke Lab Recent Development
    11.5 Sigma Aldrich
        11.5.1 Sigma Aldrich Company Details
        11.5.2 Sigma Aldrich Business Overview
        11.5.3 Sigma Aldrich Magnesium-based Solid Hydrogen Storage Material Introduction
        11.5.4 Sigma Aldrich Revenue in Magnesium-based Solid Hydrogen Storage Material Business (2021–2026)
        11.5.5 Sigma Aldrich Recent Development
    11.6 Jiangsu JITRI Advanced Energy Materials
        11.6.1 Jiangsu JITRI Advanced Energy Materials Company Details
        11.6.2 Jiangsu JITRI Advanced Energy Materials Business Overview
        11.6.3 Jiangsu JITRI Advanced Energy Materials Magnesium-based Solid Hydrogen Storage Material Introduction
        11.6.4 Jiangsu JITRI Advanced Energy Materials Revenue in Magnesium-based Solid Hydrogen Storage Material Business (2021–2026)
        11.6.5 Jiangsu JITRI Advanced Energy Materials Recent Development
    11.7 Shanghai Laienergy Hydrogen
        11.7.1 Shanghai Laienergy Hydrogen Company Details
        11.7.2 Shanghai Laienergy Hydrogen Business Overview
        11.7.3 Shanghai Laienergy Hydrogen Magnesium-based Solid Hydrogen Storage Material Introduction
        11.7.4 Shanghai Laienergy Hydrogen Revenue in Magnesium-based Solid Hydrogen Storage Material Business (2021–2026)
        11.7.5 Shanghai Laienergy Hydrogen Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
    13.1 Research Methodology
        13.1.1 Methodology/Research Approach
            13.1.1.1 Research Programs/Design
            13.1.1.2 Market Size Estimation
            13.1.1.3 Market Breakdown and Data Triangulation
        13.1.2 Data Source
            13.1.2.1 Secondary Sources
            13.1.2.2 Primary Sources
    13.2 Author Details
    13.3 Disclaimer

Table of Figures

List of Tables
 Table 1. Global Magnesium-based Solid Hydrogen Storage Material Market Size Growth Rate by Type (US$ Million): 2021 vs 2025 vs 2032
 Table 2. Key Players of Powder Solid Hydrogen Storage Material
 Table 3. Key Players of Block Solid Hydrogen Storage Material
 Table 4. Global Magnesium-based Solid Hydrogen Storage Material Market Size Growth by Application (US$ Million): 2021 vs 2025 vs 2032
 Table 5. Global Magnesium-based Solid Hydrogen Storage Material Market Size by Region (US$ Million): 2021 vs 2025 vs 2032
 Table 6. Global Magnesium-based Solid Hydrogen Storage Material Market Size by Region (US$ Million), 2021–2026
 Table 7. Global Magnesium-based Solid Hydrogen Storage Material Market Share by Region (2021–2026)
 Table 8. Global Magnesium-based Solid Hydrogen Storage Material Forecasted Market Size by Region (US$ Million), 2027–2032
 Table 9. Global Magnesium-based Solid Hydrogen Storage Material Market Share by Region (2027–2032)
 Table 10. Magnesium-based Solid Hydrogen Storage Material Market Trends
 Table 11. Magnesium-based Solid Hydrogen Storage Material Market Drivers
 Table 12. Magnesium-based Solid Hydrogen Storage Material Market Challenges
 Table 13. Magnesium-based Solid Hydrogen Storage Material Market Restraints
 Table 14. Global Magnesium-based Solid Hydrogen Storage Material Revenue by Players (US$ Million), 2021–2026
 Table 15. Global Magnesium-based Solid Hydrogen Storage Material Market Share by Players (2021–2026)
 Table 16. Global Top Magnesium-based Solid Hydrogen Storage Material Players by Tier (Tier 1, Tier 2, and Tier 3), based on Magnesium-based Solid Hydrogen Storage Material Revenue, 2025
 Table 17. Ranking of Global Top Magnesium-based Solid Hydrogen Storage Material Companies by Revenue (US$ Million) in 2025
 Table 18. Global 5 Largest Players Market Share by Magnesium-based Solid Hydrogen Storage Material Revenue (CR5 and HHI), 2021–2026
 Table 19. Global Key Players of Magnesium-based Solid Hydrogen Storage Material, Headquarters and Area Served
 Table 20. Global Key Players of Magnesium-based Solid Hydrogen Storage Material, Products and Applications
 Table 21. Global Key Players of Magnesium-based Solid Hydrogen Storage Material, Date of General Availability (GA)
 Table 22. Mergers and Acquisitions, Expansion Plans
 Table 23. Global Magnesium-based Solid Hydrogen Storage Material Market Size by Type (US$ Million), 2021–2026
 Table 24. Global Magnesium-based Solid Hydrogen Storage Material Revenue Market Share by Type (2021–2026)
 Table 25. Global Magnesium-based Solid Hydrogen Storage Material Forecasted Market Size by Type (US$ Million), 2027–2032
 Table 26. Global Magnesium-based Solid Hydrogen Storage Material Revenue Market Share by Type (2027–2032)
 Table 27. Global Magnesium-based Solid Hydrogen Storage Material Market Size by Application (US$ Million), 2021–2026
 Table 28. Global Magnesium-based Solid Hydrogen Storage Material Revenue Market Share by Application (2021–2026)
 Table 29. Global Magnesium-based Solid Hydrogen Storage Material Forecasted Market Size by Application (US$ Million), 2027–2032
 Table 30. Global Magnesium-based Solid Hydrogen Storage Material Revenue Market Share by Application (2027–2032)
 Table 31. North America Magnesium-based Solid Hydrogen Storage Material Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032
 Table 32. North America Magnesium-based Solid Hydrogen Storage Material Market Size by Country (US$ Million), 2021–2026
 Table 33. North America Magnesium-based Solid Hydrogen Storage Material Market Size by Country (US$ Million), 2027–2032
 Table 34. Europe Magnesium-based Solid Hydrogen Storage Material Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032
 Table 35. Europe Magnesium-based Solid Hydrogen Storage Material Market Size by Country (US$ Million), 2021–2026
 Table 36. Europe Magnesium-based Solid Hydrogen Storage Material Market Size by Country (US$ Million), 2027–2032
 Table 37. Asia-Pacific Magnesium-based Solid Hydrogen Storage Material Market Size Growth Rate by Region (US$ Million): 2021 vs 2025 vs 2032
 Table 38. Asia-Pacific Magnesium-based Solid Hydrogen Storage Material Market Size by Region (US$ Million), 2021–2026
 Table 39. Asia-Pacific Magnesium-based Solid Hydrogen Storage Material Market Size by Region (US$ Million), 2027–2032
 Table 40. Latin America Magnesium-based Solid Hydrogen Storage Material Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032
 Table 41. Latin America Magnesium-based Solid Hydrogen Storage Material Market Size by Country (US$ Million), 2021–2026
 Table 42. Latin America Magnesium-based Solid Hydrogen Storage Material Market Size by Country (US$ Million), 2027–2032
 Table 43. Middle East & Africa Magnesium-based Solid Hydrogen Storage Material Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032
 Table 44. Middle East & Africa Magnesium-based Solid Hydrogen Storage Material Market Size by Country (US$ Million), 2021–2026
 Table 45. Middle East & Africa Magnesium-based Solid Hydrogen Storage Material Market Size by Country (US$ Million), 2027–2032
 Table 46. MG Power Company Details
 Table 47. MG Power Business Overview
 Table 48. MG Power Magnesium-based Solid Hydrogen Storage Material Product
 Table 49. MG Power Revenue in Magnesium-based Solid Hydrogen Storage Material Business (US$ Million), 2021–2026
 Table 50. MG Power Recent Development
 Table 51. GRIMAT Company Details
 Table 52. GRIMAT Business Overview
 Table 53. GRIMAT Magnesium-based Solid Hydrogen Storage Material Product
 Table 54. GRIMAT Revenue in Magnesium-based Solid Hydrogen Storage Material Business (US$ Million), 2021–2026
 Table 55. GRIMAT Recent Development
 Table 56. Shanghai H2store Energy Technology Company Details
 Table 57. Shanghai H2store Energy Technology Business Overview
 Table 58. Shanghai H2store Energy Technology Magnesium-based Solid Hydrogen Storage Material Product
 Table 59. Shanghai H2store Energy Technology Revenue in Magnesium-based Solid Hydrogen Storage Material Business (US$ Million), 2021–2026
 Table 60. Shanghai H2store Energy Technology Recent Development
 Table 61. Biocoke Lab Company Details
 Table 62. Biocoke Lab Business Overview
 Table 63. Biocoke Lab Magnesium-based Solid Hydrogen Storage Material Product
 Table 64. Biocoke Lab Revenue in Magnesium-based Solid Hydrogen Storage Material Business (US$ Million), 2021–2026
 Table 65. Biocoke Lab Recent Development
 Table 66. Sigma Aldrich Company Details
 Table 67. Sigma Aldrich Business Overview
 Table 68. Sigma Aldrich Magnesium-based Solid Hydrogen Storage Material Product
 Table 69. Sigma Aldrich Revenue in Magnesium-based Solid Hydrogen Storage Material Business (US$ Million), 2021–2026
 Table 70. Sigma Aldrich Recent Development
 Table 71. Jiangsu JITRI Advanced Energy Materials Company Details
 Table 72. Jiangsu JITRI Advanced Energy Materials Business Overview
 Table 73. Jiangsu JITRI Advanced Energy Materials Magnesium-based Solid Hydrogen Storage Material Product
 Table 74. Jiangsu JITRI Advanced Energy Materials Revenue in Magnesium-based Solid Hydrogen Storage Material Business (US$ Million), 2021–2026
 Table 75. Jiangsu JITRI Advanced Energy Materials Recent Development
 Table 76. Shanghai Laienergy Hydrogen Company Details
 Table 77. Shanghai Laienergy Hydrogen Business Overview
 Table 78. Shanghai Laienergy Hydrogen Magnesium-based Solid Hydrogen Storage Material Product
 Table 79. Shanghai Laienergy Hydrogen Revenue in Magnesium-based Solid Hydrogen Storage Material Business (US$ Million), 2021–2026
 Table 80. Shanghai Laienergy Hydrogen Recent Development
 Table 81. Research Programs/Design for This Report
 Table 82. Key Data Information from Secondary Sources
 Table 83. Key Data Information from Primary Sources
 Table 84. Authors List of This Report


List of Figures
 Figure 1. Magnesium-based Solid Hydrogen Storage Material Picture
 Figure 2. Global Magnesium-based Solid Hydrogen Storage Material Market Size Comparison by Type (US$ Million), 2021–2032
 Figure 3. Global Magnesium-based Solid Hydrogen Storage Material Market Share by Type: 2025 vs 2032
 Figure 4. Powder Solid Hydrogen Storage Material Features
 Figure 5. Block Solid Hydrogen Storage Material Features
 Figure 6. Global Magnesium-based Solid Hydrogen Storage Material Market Size by Application (US$ Million), 2021–2032
 Figure 7. Global Magnesium-based Solid Hydrogen Storage Material Market Share by Application: 2025 vs 2032
 Figure 8. New Energy Case Studies
 Figure 9. Medical Case Studies
 Figure 10. Others Case Studies
 Figure 11. Magnesium-based Solid Hydrogen Storage Material Report Years Considered
 Figure 12. Global Magnesium-based Solid Hydrogen Storage Material Market Size (US$ Million), Year-over-Year: 2021–2032
 Figure 13. Global Magnesium-based Solid Hydrogen Storage Material Market Size, (US$ Million), 2021 vs 2025 vs 2032
 Figure 14. Global Magnesium-based Solid Hydrogen Storage Material Market Share by Region: 2025 vs 2032
 Figure 15. Global Magnesium-based Solid Hydrogen Storage Material Market Share by Players in 2025
 Figure 16. Global Magnesium-based Solid Hydrogen Storage Material Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
 Figure 17. The Top 10 and 5 Players Market Share by Magnesium-based Solid Hydrogen Storage Material Revenue in 2025
 Figure 18. North America Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 19. North America Magnesium-based Solid Hydrogen Storage Material Market Share by Country (2021–2032)
 Figure 20. United States Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 21. Canada Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 22. Europe Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 23. Europe Magnesium-based Solid Hydrogen Storage Material Market Share by Country (2021–2032)
 Figure 24. Germany Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 25. France Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 26. U.K. Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 27. Italy Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 28. Russia Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 29. Ireland Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 30. Asia-Pacific Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 31. Asia-Pacific Magnesium-based Solid Hydrogen Storage Material Market Share by Region (2021–2032)
 Figure 32. China Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 33. Japan Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 34. South Korea Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 35. Southeast Asia Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 36. India Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 37. Australia & New Zealand Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 38. Latin America Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 39. Latin America Magnesium-based Solid Hydrogen Storage Material Market Share by Country (2021–2032)
 Figure 40. Mexico Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 41. Brazil Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 42. Middle East & Africa Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 43. Middle East & Africa Magnesium-based Solid Hydrogen Storage Material Market Share by Country (2021–2032)
 Figure 44. Israel Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 45. Saudi Arabia Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 46. UAE Magnesium-based Solid Hydrogen Storage Material Market Size YoY Growth (US$ Million), 2021–2032
 Figure 47. MG Power Revenue Growth Rate in Magnesium-based Solid Hydrogen Storage Material Business (2021–2026)
 Figure 48. GRIMAT Revenue Growth Rate in Magnesium-based Solid Hydrogen Storage Material Business (2021–2026)
 Figure 49. Shanghai H2store Energy Technology Revenue Growth Rate in Magnesium-based Solid Hydrogen Storage Material Business (2021–2026)
 Figure 50. Biocoke Lab Revenue Growth Rate in Magnesium-based Solid Hydrogen Storage Material Business (2021–2026)
 Figure 51. Sigma Aldrich Revenue Growth Rate in Magnesium-based Solid Hydrogen Storage Material Business (2021–2026)
 Figure 52. Jiangsu JITRI Advanced Energy Materials Revenue Growth Rate in Magnesium-based Solid Hydrogen Storage Material Business (2021–2026)
 Figure 53. Shanghai Laienergy Hydrogen Revenue Growth Rate in Magnesium-based Solid Hydrogen Storage Material Business (2021–2026)
 Figure 54. Bottom-up and Top-down Approaches for This Report
 Figure 55. Data Triangulation
 Figure 56. Key Executives Interviewed

Description

The global Magnesium-based Solid Hydrogen Storage Material market was valued at US$ 37.6 million in 2025 and is anticipated to reach US$ 958 million by 2032, at a CAGR of 59.7% from 2026 to 2032.

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 delivers a comprehensive overview of the global Magnesium-based Solid Hydrogen Storage Material market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Magnesium-based Solid Hydrogen Storage Material. The Magnesium-based Solid Hydrogen Storage Material market size, estimates, and forecasts are provided in terms of revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.

The report segments the global Magnesium-based Solid Hydrogen Storage Material market comprehensively. Regional market sizes by Type, by Application, , and by player are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.

This report will assist Magnesium-based Solid Hydrogen Storage Material manufacturers, new entrants, and companies across the industry value chain with information on revenues, sales volume, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.

Market Segmentation
Chapter Outline
Chapter 1: Defines the scope of the report and presents an executive summary of market segments (by Type, by Application, , etc.), including the size of each segment and its future growth potential. It offers a high-level view of the current market and its likely evolution in the short, medium, and long term.
Chapter 2: Summarizes global and regional market size and outlines market dynamics and recent developments, including key drivers, restraints, challenges and risks for industry participants, and relevant policy analysis.
Chapter 3: Provides a detailed view of the competitive landscape for Magnesium-based Solid Hydrogen Storage Material companies, covering revenue share, development plans, and mergers and acquisitions.
Chapter 4: Analyzes segments by Type, detailing the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 5: Analyzes segments by Application, detailing the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 6–10: Regional deep dives (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) broken down by country. Each chapter quantifies market size and growth potential by region and key countries, and outlines market development, outlook, addressable space, and capacity.
Chapter 11: Profiles key players, presenting essential information on leading companies, including product/ service offerings, revenue, gross margin, product introductions/portfolios, recent developments, etc.
Chapter 12: Key findings and conclusions of the report.

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Global Magnesium-based Solid Hydrogen Storage Material Market Research Report 2026

Industry: Chemical & Material

Published: 2026-01-05

Pages: 108 Pages

Report ld: 5574207

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