The Global Commercial Aircraft Magnesium Alloys Market was valued at USD 158.2 Million in 2025 and is projected to reach USD 235.8 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024–2034). This substantial growth is driven by the aviation industry’s relentless pursuit of fuel efficiency, stringent emission reduction targets, and the superior weight-saving properties of magnesium alloys in next-generation aircraft designs.

As aircraft manufacturers strive to meet ambitious sustainability goals, the demand for advanced lightweight materials has never been higher. Magnesium alloys, being among the lightest structural metals available, are at the forefront of this transformation. In this analysis, we profile the Top 10 Companies in the Commercial Aircraft Magnesium Alloys Industry—specialized producers and innovators who are supplying the critical materials needed for the future of air travel.

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🔟 1. Luxfer MEL Technologies

Headquarters: Manchester, United Kingdom
Key Offering: Elektron® Magnesium Alloys, High-Performance Alloy Powders

Luxfer MEL Technologies is a global leader in the development and manufacturing of high-performance magnesium alloys. Its proprietary Elektron® brand alloys are extensively used in aerospace for components like gearboxes, engine housings, and internal structures, prized for their exceptional strength-to-weight ratio and corrosion resistance.

Innovation & Market Position:

• Pioneer in aerospace-grade magnesium alloys with over 80 years of experience

• Strategic partnerships with major aircraft OEMs like Airbus and Boeing

• Continuous R&D focused on improving flammability resistance and manufacturability

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9️⃣ 2. Magontec

Headquarters: Sydney, Australia
Key Offering: Magnesium Alloy Ingots, Anodes, and Fabricated Components

Magontec is a significant global producer of magnesium alloys with a strong presence in the Asia-Pacific region. The company supplies high-purity alloys suitable for precision casting and forging processes used in aerospace applications, focusing on consistent quality and supply chain reliability.

Innovation & Market Position:

• Vertically integrated operations from raw material to finished product

• Strategic focus on expanding capacity to meet growing aerospace demand

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8️⃣ 3. Shanxi Yinguang Magnesium Industry Group

Headquarters: Yuncheng, Shanxi, China
Key Offering: Magnesium Alloy Ingots, Die-Casting Alloys

As one of China’s largest magnesium producers, Yinguang Magnesium Industry plays a crucial role in the global supply chain. The company provides cost-competitive, high-quality magnesium alloys that meet international aerospace standards, serving both domestic and international markets.

Innovation & Market Position:

• Major supplier to China’s burgeoning commercial aviation sector, including COMAC

• Investments in advanced smelting technology to improve product purity and reduce environmental impact

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7️⃣ 4. Shanxi Bada Magnesium

Headquarters: Taiyuan, Shanxi, China
Key Offering: Magnesium Alloys, Pure Magnesium, Recycled Magnesium

Shanxi Bada Magnesium is a key player in the global magnesium market, with a strong production base in the world’s primary magnesium-producing region. The company supplies alloys for a wide range of aerospace applications, leveraging its large-scale production capabilities.

Innovation & Market Position:

• Focus on developing specialized alloys with enhanced high-temperature performance

• Expanding product portfolio to include more value-added aerospace-specific offerings

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6️⃣ 5. Smiths Metal

Headquarters: London, United Kingdom
Key Offering: Specialty Magnesium Alloys, Master Alloys

Smiths Metal is a leading international distributor and processor of non-ferrous metals, including high-grade magnesium alloys for the aerospace sector. The company provides tailored solutions and technical support to manufacturers seeking specific alloy properties for critical aircraft components.

Innovation & Market Position:

• Global logistics network ensuring reliable supply to aerospace manufacturers

• Technical expertise in alloy selection and application engineering

Download FREE Sample Report: Commercial Aircraft Magnesium Alloys Market – View in Detailed Research Report

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5️⃣ 6. Regal Magnesium

Headquarters: Melbourne, Australia
Key Offering: Custom Magnesium Alloys, Die Casting Services

Regal Magnesium specializes in producing high-integrity magnesium alloys and offering end-to-end manufacturing solutions. The company works closely with aerospace clients to develop custom alloy formulations that meet specific performance requirements for safety-critical applications.

Innovation & Market Position:

• Strong focus on research and development of next-generation aerospace alloys

• Integrated manufacturing capabilities from alloy production to component fabrication

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4️⃣ 7. Allite, Inc.

Headquarters: Dayton, Ohio, USA
Key Offering: Allite® Super Magnesium Alloys

Allite is an innovative materials company focused on developing advanced magnesium alloys that offer superior strength and lighter weight compared to traditional options. Its Allite Super Magnesium products are gaining traction in aerospace for applications where every kilogram saved translates directly to fuel efficiency.

Innovation & Market Position:

• Proprietary alloy technology offering up to 50% weight savings over aluminum

• Strategic partnerships with defense and commercial aerospace manufacturers

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3️⃣ 8. Shanxi Fugu Tianyu Mineral

Headquarters: Yulin, Shanxi, China
Key Offering: Raw Magnesium, Magnesium Alloy Ingots

As a significant producer in China’s magnesium heartland, Shanxi Fugu Tianyu Mineral contributes substantially to the global supply of primary magnesium. The company provides the foundational materials that alloy producers further refine for aerospace applications.

Innovation & Market Position:

• Large-scale production capacity supporting global magnesium supply stability

• Investments in more efficient and environmentally friendly production processes

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2️⃣ 9. Alloys International

Headquarters: Dandenong, Victoria, Australia
Key Offering: Specialty Magnesium Alloys, Aluminum Alloys

Alloys International is a specialized supplier of non-ferrous metals to the aerospace industry, with expertise in magnesium alloys for high-performance applications. The company provides technical guidance and material solutions tailored to the demanding requirements of aircraft manufacturing.

Innovation & Market Position:

• Deep understanding of aerospace material specifications and quality standards

• Strong relationships with both alloy producers and aircraft component manufacturers

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1️⃣ 10. Tech Steel & Materials

Headquarters: Southfield, Michigan, USA
Key Offering: Aerospace-Grade Magnesium Alloys, Material Distribution

Tech Steel & Materials is a leading distributor of specialty metals, including high-purity magnesium alloys for the aerospace sector. The company serves as a critical link between producers and manufacturers, ensuring the right materials are available when and where they are needed.

Innovation & Market Position:

• Extensive inventory of certified aerospace materials

• Value-added services including cutting, slitting, and custom processing

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🌍 Outlook: The Future of Aircraft Manufacturing Is Lighter and Stronger

The commercial aircraft magnesium alloys market is experiencing a significant transformation. While traditional materials still dominate certain applications, the industry is increasingly turning to advanced magnesium alloys to achieve the weight reductions necessary for next-generation fuel efficiency and emission targets.

📈 Key Trends Shaping the Market:

• Accelerated adoption in new narrow-body and wide-body aircraft programs

• Development of magnesium alloys with improved fire resistance and corrosion properties

• Growing investment in recycling technologies for magnesium aerospace scrap

• Increasing regulatory support for lightweight materials in aviation sustainability initiatives

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The companies listed above are not only supplying essential materials—they’re enabling the lightweight revolution that is critical for the sustainable future of aviation.