The Global Magnesium Hydride Market was valued at USD 58.2 Million in 2023 and is projected to reach USD 104.8 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.9% during the forecast period (2024–2030). This growth is being driven by increasing demand for hydrogen storage materials, growing adoption in renewable energy systems, and the accelerating development of Solid-State Hydrogen Storage solutions across energy, transportation, and industrial sectors.

As the global energy landscape transforms toward carbon-neutral operations and sustainable growth, the spotlight is on the key materials suppliers who are driving innovation, efficiency, and cleaner energy pathways. In this blog, we profile the Top 10 Companies in the Magnesium Hydride Industry—a mix of chemical producers, advanced materials specialists, and hydrogen technology pioneers shaping the future of energy storage.

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🔟 1. American Elements

Headquarters: Los Angeles, California, USA
Key Offering: High-Purity Magnesium Hydride Powder, Custom Formulations

American Elements is a leading global manufacturer and supplier of high-purity magnesium hydride materials. Their advanced materials division serves research institutions, industrial manufacturers, and energy companies, with extensive expertise in producing magnesium hydride for hydrogen storage, battery applications, and chemical synthesis.

Strategic Initiatives:

• High-purity (>99.5%) magnesium hydride production

• Custom particle size and morphology control

• Advanced hydrogen storage material development

Download FREE Sample Report: Magnesium Hydride Market – View in Detailed Research Report

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9️⃣ 2. MG Power

Headquarters: Shanghai, China
Key Offering: MgH2 Bulk Materials, Engineering Compounds

MG Power specializes in magnesium-based compounds and alloys with particular expertise in magnesium hydride. The company supplies materials to automotive fuel cell developers and hydrogen energy research centers across Asia and Europe.

Strategic Initiatives:

• Large-scale magnesium hydride production facilities

• Partnerships with hydrogen vehicle manufacturers

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8️⃣ 3. ICL Group

Headquarters: Tel Aviv, Israel
Key Offering: Magnesium Hydride Raw Materials, Industrial Grades

ICL Group produces magnesium hydride through its specialized chemicals division. The company has developed proprietary processes for scalable production of magnesium hydride materials.

Strategic Initiatives:

• Magnesium-based hydrogen storage research

• Strategic investments in next-generation energy materials

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7️⃣ 4. Hubei Norna Technology

Headquarters: Wuhan, China
Key Offering: MgH2 Powder, Battery-Grade Materials

Hubei Norna Technology focuses on developing advanced magnesium compounds for various industrial applications, including hydrogen storage systems and energy conversion technologies.

Strategic Initiatives:

• Advanced magnesium hydride synthesis technologies

• Export partnerships with European and American technology firms

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6️⃣ 5. Fenghua Energy Holding Company

Headquarters: Beijing, China
Key Offering: Bulk Magnesium Hydride, Research-Grade Materials

Fenghua Energy Holding Company operates multiple magnesium processing facilities with significant magnesium hydride production capacity. The company supplies materials to both domestic Chinese markets and international technology partners.

Strategic Initiatives:

• Large-scale magnesium metal production

• Vertical integration from mining to advanced materials

Download FREE Sample Report: Magnesium Hydride Market – View in Detailed Research Report

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5️⃣ 6. SAMELABS

Headquarters: Singapore
Key Offering: Research-Grade MgH2, Custom Formulations

SAMELABS serves as a critical supplier of high-purity magnesium hydride to research institutions and technology developers worldwide.

Strategic Initiatives:

• Specialized magnesium hydride for academic research

• Advanced characterization and testing services

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4️⃣ 7. Biocoke Lab

Headquarters: Tokyo, Japan
Key Offering: Ultra-High Purity MgH2, Specialized Compounds

Biocoke Lab focuses on developing innovative magnesium-based materials for various applications, including hydrogen storage and energy conversion.

Strategic Initiatives:

• Nanostructured magnesium hydride development

• Collaborations with automotive manufacturers for hydrogen storage applications

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3️⃣ 8. Jinchuan Group

Headquarters: Jinchang, China
Key Offering: Magnesium Hydride Raw Materials, Technical Grades

Jinchuan Group leverages its extensive experience in non-ferrous metals to produce magnesium hydride for emerging hydrogen economy applications.

Strategic Initiatives:

• Integrated production from nickel and magnesium resources

• Development of cost-effective production methods for hydrogen storage materials

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2️⃣ 9. Shanghai Magnesium Industry

Headquarters: Shanghai, China
Key Offering: Bulk MgH2, Industrial Materials

Shanghai Magnesium Industry has established itself as a reliable supplier of magnesium-based compounds, including magnesium hydride for various industrial applications.

Strategic Initiatives:

• Magnesium hydride production capacity expansion

• Focus on developing magnesium hydride for thermal energy storage applications

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1️⃣ 10. Yunfu Metalurgical

Headquarters: Guangdong, China
Key Offering: Technical-Grade MgH2, Energy Storage Materials

Yunfu Metalurgical specializes in magnesium-based materials production with growing capabilities in magnesium hydride manufacturing.

Strategic Initiatives:

• Strategic partnerships with hydrogen technology developers

• Research into magnesium hydride-based composite materials

Get Full Report Here: Magnesium Hydride Market – View in Detailed Research Report

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🌍 Outlook: The Future of Magnesium Hydride Is Smart and Efficient

The magnesium hydride market is undergoing a fundamental transformation. While traditional applications in chemical synthesis still represent significant usage, the industry is investing heavily in hydrogen storage applications, thermal energy management systems, and next-generation battery technologies.

📈 Key Trends Shaping the Market:

• Rapid expansion of hydrogen infrastructure projects globally

• Increasing research focus on improving hydrogen absorption/desorption kinetics

• Growing application in solid-state hydrogen storage for fuel cell vehicles

• Development of composite materials incorporating magnesium hydride for enhanced performance

Get Full Report Here: Magnesium Hydride Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials—they’re spearheading the clean energy transition across multiple industries.