Industry Research Reports

Part 1

Part 2

Part 3

Part 4

Part 5

Home > Reports > Chemical & Material > Global Magnesium-based Solid Hydrogen Storage Material Sales Market Report, Competitive Analysis and Regional Opportunities 2026-2032

Global Magnesium-based Solid Hydrogen Storage Material Sales Market Report, Competitive Analysis and Regional Opportunities 2026-2032

Industry: Chemical & Material

Published: 2026-01-05

Pages: 77 Pages

Report ld: 5577142

Request Sample

Pre-Order Enquiry

Description
Table of Contents
Table of Figures
Related Reports
PDF Download

Description
Table of Contents
Table of Figures
Related Reports
PDF Download

Description

The global Magnesium-based Solid Hydrogen Storage Material market size was US$ 37.6 million in 2025 and is forecast to reach a readjusted size of US$ 958 million by 2032 with a CAGR of 59.7% during the forecast period 2026-2032.

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

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 2021-2032.

Market Segmentation
By Company: 
    MG Power
    GRIMAT
    Shanghai H2store Energy Technology
    Biocoke Lab
    Sigma Aldrich
    Jiangsu JITRI Advanced Energy Materials
    Shanghai Laienergy Hydrogen

Segment by Type
    Powder Solid Hydrogen Storage Material
    Block Solid Hydrogen Storage Material

Segment by Application
    New Energy
    Medical
    Others

By Region 
Macro-Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Micro-Local Markets
    North America
    Japan
    China

(Additional regions can be customized based on client needs.)
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 
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities 
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?
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

Table of Contents

1 Report Overview
    1.1 Study Scope
    1.2 Market by Type
        1.2.1 Global Market Size and Growth 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 Market Share 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 Market Size by Region: 2021 vs 2025 vs 2032
    2.3 Global Magnesium-based Solid Hydrogen Storage Material Market Share by Revenue, by Region (2021-2026)
    2.4 Global Magnesium-based Solid Hydrogen Storage Material Revenue Forecast by Region (2027-2032)
    2.5 Major Regions and Emerging Markets Analysis
        2.5.1 North America Magnesium-based Solid Hydrogen Storage Material Market Size and Prospective (2021-2032)
        2.5.2 Japan Magnesium-based Solid Hydrogen Storage Material Market Size and Prospective (2021-2032)
        2.5.3 China Magnesium-based Solid Hydrogen Storage Material Market Size and Prospective (2021-2032)

3 Breakdown Data by Type
    3.1 Global Magnesium-based Solid Hydrogen Storage Material Historical Market Size by Type (2021-2026)
    3.2 Global Magnesium-based Solid Hydrogen Storage Material Forecasted Market Size by Type (2027-2032)
    3.3 Representative Players for Different Types of Magnesium-based Solid Hydrogen Storage Material

4 Breakdown Data by Application
    4.1 Global Magnesium-based Solid Hydrogen Storage Material Historical Market Size by Application (2021-2026)
    4.2 Global Magnesium-based Solid Hydrogen Storage Material Forecasted Market Size by Application (2027-2032)
    4.3 New Sources of Growth in Magnesium-based Solid Hydrogen Storage Material Applications

5 Competitive Landscape by Players
    5.1 Global Top Players by Revenue
        5.1.1 Global Top Magnesium-based Solid Hydrogen Storage Material Players by Revenue (2021-2026)
        5.1.2 Global Magnesium-based Solid Hydrogen Storage Material Market Share by Revenue, by Players (2021-2026)
    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 2025
    5.5 Global Key Players of Magnesium-based Solid Hydrogen Storage Material Head Offices and Areas 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 Entry into This Industry
    5.8 Mergers & Acquisitions, Expansion Plans

6 Region Analysis
    6.1 North America Market: Players, Segments, Downstream and Major Customers
        6.1.1 North America Magnesium-based Solid Hydrogen Storage Material Revenue by Company (2021-2026)
        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 (2021-2026)
            6.1.2.2 North America Magnesium-based Solid Hydrogen Storage Material Market Share by Type (2021-2026)
        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 (2021-2026)
            6.1.3.2 North America Magnesium-based Solid Hydrogen Storage Material Market Share by Application (2021-2026)
        6.1.4 North America Magnesium-based Solid Hydrogen Storage Material Major Customers
        6.1.5 North America Market Trends and Opportunities
    6.2 Japan Market: Players, Segments, Downstream and Major Customers
        6.2.1 Japan Magnesium-based Solid Hydrogen Storage Material Revenue by Company (2021-2026)
        6.2.2 Japan Market Size by Type
            6.2.2.1 Japan Magnesium-based Solid Hydrogen Storage Material Market Size by Type (2021-2026)
            6.2.2.2 Japan Magnesium-based Solid Hydrogen Storage Material Market Share by Type (2021-2026)
        6.2.3 Japan Market Size by Application
            6.2.3.1 Japan Magnesium-based Solid Hydrogen Storage Material Market Size by Application (2021-2026)
            6.2.3.2 Japan Magnesium-based Solid Hydrogen Storage Material Market Share by Application (2021-2026)
        6.2.4 Japan Magnesium-based Solid Hydrogen Storage Material Major Customers
        6.2.5 Japan Market Trends and Opportunities
    6.3 China Market: Players, Segments, Downstream and Major Customers
        6.3.1 China Magnesium-based Solid Hydrogen Storage Material Revenue by Company (2021-2026)
        6.3.2 China Market Size by Type
            6.3.2.1 China Magnesium-based Solid Hydrogen Storage Material Market Size by Type (2021-2026)
            6.3.2.2 China Magnesium-based Solid Hydrogen Storage Material Market Share by Type (2021-2026)
        6.3.3 China Market Size by Application
            6.3.3.1 China Magnesium-based Solid Hydrogen Storage Material Market Size by Application (2021-2026)
            6.3.3.2 China Magnesium-based Solid Hydrogen Storage Material Market Share by Application (2021-2026)
        6.3.4 China Magnesium-based Solid Hydrogen Storage Material Major Customers
        6.3.5 China Market Trends and Opportunities

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


List of Figures
 Figure 1. Magnesium-based Solid Hydrogen Storage Material Product Picture
 Figure 2. Global Magnesium-based Solid Hydrogen Storage Material Market Share by Type: 2025 vs 2032
 Figure 3. Powder Solid Hydrogen Storage Material Features
 Figure 4. Block Solid Hydrogen Storage Material Features
 Figure 5. Global Magnesium-based Solid Hydrogen Storage Material Market Share by Application: 2025 vs 2032
 Figure 6. New Energy
 Figure 7. Medical
 Figure 8. Others
 Figure 9. Magnesium-based Solid Hydrogen Storage Material Report Years Considered
 Figure 10. Global Magnesium-based Solid Hydrogen Storage Material Market Size (US$ Million), Year-over-Year: 2021-2032
 Figure 11. Global Magnesium-based Solid Hydrogen Storage Material Market Size, (US$ Million), 2021 vs 2025 vs 2032
 Figure 12. Global Magnesium-based Solid Hydrogen Storage Material Market Share by Revenue, by Region: 2021 vs 2025
 Figure 13. North America Magnesium-based Solid Hydrogen Storage Material Revenue (US$ Million) Growth Rate (2021-2032)
 Figure 14. Japan Magnesium-based Solid Hydrogen Storage Material Revenue (US$ Million) Growth Rate (2021-2032)
 Figure 15. China Magnesium-based Solid Hydrogen Storage Material Revenue (US$ Million) Growth Rate (2021-2032)
 Figure 16. Global Magnesium-based Solid Hydrogen Storage Material Market Share by Players in 2025
 Figure 17. Global Top Magnesium-based Solid Hydrogen Storage Material Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Magnesium-based Solid Hydrogen Storage Material as of 2025)
 Figure 18. The Top 10 and 5 Players Market Share by Magnesium-based Solid Hydrogen Storage Material Revenue in 2025
 Figure 19. North America Magnesium-based Solid Hydrogen Storage Material Market Share by Type (2021-2026)
 Figure 20. North America Magnesium-based Solid Hydrogen Storage Material Market Share by Application (2021-2026)
 Figure 21. Japan Magnesium-based Solid Hydrogen Storage Material Market Share by Type (2021-2026)
 Figure 22. Japan Magnesium-based Solid Hydrogen Storage Material Market Share by Application (2021-2026)
 Figure 23. China Magnesium-based Solid Hydrogen Storage Material Market Share by Type (2021-2026)
 Figure 24. China Magnesium-based Solid Hydrogen Storage Material Market Share by Application (2021-2026)
 Figure 25. MG Power Revenue Growth Rate in Magnesium-based Solid Hydrogen Storage Material Business (2021-2026)
 Figure 26. GRIMAT Revenue Growth Rate in Magnesium-based Solid Hydrogen Storage Material Business (2021-2026)
 Figure 27. Shanghai H2store Energy Technology Revenue Growth Rate in Magnesium-based Solid Hydrogen Storage Material Business (2021-2026)
 Figure 28. Biocoke Lab Revenue Growth Rate in Magnesium-based Solid Hydrogen Storage Material Business (2021-2026)
 Figure 29. Sigma Aldrich Revenue Growth Rate in Magnesium-based Solid Hydrogen Storage Material Business (2021-2026)
 Figure 30. Jiangsu JITRI Advanced Energy Materials Revenue Growth Rate in Magnesium-based Solid Hydrogen Storage Material Business (2021-2026)
 Figure 31. Shanghai Laienergy Hydrogen Revenue Growth Rate in Magnesium-based Solid Hydrogen Storage Material Business (2021-2026)
 Figure 32. Bottom-up and Top-down Approaches for This Report
 Figure 33. Data Triangulation
 Figure 34. Key Executives Interviewed

Description

The global Magnesium-based Solid Hydrogen Storage Material market size was US$ 37.6 million in 2025 and is forecast to reach a readjusted size of US$ 958 million by 2032 with a CAGR of 59.7% during the forecast period 2026-2032.

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%.

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 2021-2032.

Market Segmentation
By Company: 
    MG Power
    GRIMAT
    Shanghai H2store Energy Technology
    Biocoke Lab
    Sigma Aldrich
    Jiangsu JITRI Advanced Energy Materials
    Shanghai Laienergy Hydrogen

Segment by Type
    Powder Solid Hydrogen Storage Material
    Block Solid Hydrogen Storage Material

Segment by Application
    New Energy
    Medical
    Others

By Region 
Macro-Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Micro-Local Markets
    North America
    Japan
    China

(Additional regions can be customized based on client needs.)
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 
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities 
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?
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

undefined

Related Reports

Global Magnesium-based Solid Hydrogen Storage Material Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
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.
Published: 2024-04-16
Pages: 133
USD 5900.00
(Single User License)
Global Magnesium-based Solid Hydrogen Storage Material Industry Research Report, Growth Trends and Competitive Analysis 2024-2030
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.
Published: 2024-04-17
Pages: 150
USD 5600.00
(Single User License)
Global Magnesium-based Solid Hydrogen Storage Material Market Research Report 2025
The global market for Magnesium-based Solid Hydrogen Storage Material was valued at US$ 24.5 million in the year 2024 and is projected to reach a revised size of US$ 623 million by 2031, growing at a CAGR of 59.7% during the forecast period.
Published: 2025-04-29
Pages: 75
USD 2900.00
(Single User License)
Magnesium-based Solid Hydrogen Storage Material- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
The global market for Magnesium-based Solid Hydrogen Storage Material was estimated to be worth 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.
Published: 2025-01-19
Pages: 94
USD 3950.00
(Single User License)
Global Magnesium-based Solid Hydrogen Storage Material Market Insights, Forecast to 2031
The global Magnesium-based Solid Hydrogen Storage Material market is projected to grow from US$ 37.6 million in 2025 to US$ 623 million by 2031, at a Compound Annual Growth Rate (CAGR) of 59.7% during the forecast period.
Published: 2025-04-29
Pages: 119
USD 4900.00
(Single User License)
Magnesium-based Solid Hydrogen Storage Material - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
The global market for Magnesium-based Solid Hydrogen Storage Material was estimated to be worth 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.
Published: 2025-04-29
Pages: 95
USD 3950.00
(Single User License)
Global Magnesium-based Solid Hydrogen Storage Material Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
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.
Published: 2025-09-10
Pages: 80
USD 4250.00
(Single User License)
Global Magnesium-based Solid Hydrogen Storage Material Market Outlook, In‑Depth Analysis & Forecast to 2031
The global Magnesium-based Solid Hydrogen Storage Material market is projected to grow from US$ 24.5 million in 2024 to US$ 623 million by 2031, at a CAGR of 59.7% (2025-2031), driven by critical product segments and diverse end‑use applications.
Published: 2025-07-31
Pages: 120
USD 4900.00
(Single User License)
Magnesium-based Solid Hydrogen Storage Material - Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032
The global market for Magnesium-based Solid Hydrogen Storage Material was estimated to be worth US$ 37.6 million in 2025 and is projected to reach US$ 958 million, growing at a CAGR of 59.7% from 2026 to 2032.
Published: 2026-01-05
Pages: 84
USD 3950.00
(Single User License)
Global Magnesium-based Solid Hydrogen Storage Material Market Research Report 2026
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.
Published: 2026-01-05
Pages: 108
USD 2900.00
(Single User License)

Global Magnesium-based Solid Hydrogen Storage Material Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
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.
Published: 2024-04-16
Pages: 133
USD 5900.00 ()
Global Magnesium-based Solid Hydrogen Storage Material Industry Research Report, Growth Trends and Competitive Analysis 2024-2030
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.
Published: 2024-04-17
Pages: 150
USD 5600.00 ()
Global Magnesium-based Solid Hydrogen Storage Material Market Research Report 2025
The global market for Magnesium-based Solid Hydrogen Storage Material was valued at US$ 24.5 million in the year 2024 and is projected to reach a revised size of US$ 623 million by 2031, growing at a CAGR of 59.7% during the forecast period.
Published: 2025-04-29
Pages: 75
USD 2900.00 ()
Magnesium-based Solid Hydrogen Storage Material- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
The global market for Magnesium-based Solid Hydrogen Storage Material was estimated to be worth 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.
Published: 2025-01-19
Pages: 94
USD 3950.00 ()
Global Magnesium-based Solid Hydrogen Storage Material Market Insights, Forecast to 2031
The global Magnesium-based Solid Hydrogen Storage Material market is projected to grow from US$ 37.6 million in 2025 to US$ 623 million by 2031, at a Compound Annual Growth Rate (CAGR) of 59.7% during the forecast period.
Published: 2025-04-29
Pages: 119
USD 4900.00 ()
Magnesium-based Solid Hydrogen Storage Material - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
The global market for Magnesium-based Solid Hydrogen Storage Material was estimated to be worth 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.
Published: 2025-04-29
Pages: 95
USD 3950.00 ()
Global Magnesium-based Solid Hydrogen Storage Material Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
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.
Published: 2025-09-10
Pages: 80
USD 4250.00 ()
Global Magnesium-based Solid Hydrogen Storage Material Market Outlook, In‑Depth Analysis & Forecast to 2031
The global Magnesium-based Solid Hydrogen Storage Material market is projected to grow from US$ 24.5 million in 2024 to US$ 623 million by 2031, at a CAGR of 59.7% (2025-2031), driven by critical product segments and diverse end‑use applications.
Published: 2025-07-31
Pages: 120
USD 4900.00 ()
Magnesium-based Solid Hydrogen Storage Material - Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032
The global market for Magnesium-based Solid Hydrogen Storage Material was estimated to be worth US$ 37.6 million in 2025 and is projected to reach US$ 958 million, growing at a CAGR of 59.7% from 2026 to 2032.
Published: 2026-01-05
Pages: 84
USD 3950.00 ()
Global Magnesium-based Solid Hydrogen Storage Material Market Research Report 2026
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.
Published: 2026-01-05
Pages: 108
USD 2900.00 ()