Forecast of Global Magnesium Raw Materials (Magnesite and Brucite) Market 2023

Global Magnesium Raw Materials (Magnesite and Brucite) market will register a 5.0% CAGR in terms of revenue, reach US$ 510 million by 2023, from US$ 380 million in 2017. The eighth most abundant element in nature, magnesium constitutes 2.4 percent of Earth's crust. Because of its strong reactivity, it does not occur in the native state, but rather it is found in a wide variety of compounds in seawater, brines, and rocks.