The Global Magnesium Alloys for Aircraft Market was valued at USD 117.8 Million in 2025 and is projected to reach USD 172.3 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024–2030). This robust growth is primarily driven by the aviation industry’s intensifying focus on fuel efficiency, stringent emission regulations, and the push for next-generation lightweight aircraft designs.

As aircraft manufacturers strive to enhance performance and reduce operational costs, magnesium alloys have emerged as a critical material solution. Their exceptional strength-to-weight ratio makes them ideal for a wide range of applications, from airframe components to engine parts. In this blog, we profile the Top 10 Companies in the Magnesium Alloys for Aircraft Industry—specialists in material science and production who are shaping the future of lightweight aviation.

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🔟 1. Luxfer MEL Technologies

Headquarters: Manchester, United Kingdom
Key Offering: Elektron® Magnesium Alloys (Cast & Wrought)

Luxfer MEL Technologies is a global leader in high-performance magnesium alloys, with its proprietary Elektron® brand being a preferred choice for the aerospace sector. The company supplies alloys that meet stringent aerospace specifications for applications in gearboxes, engine components, and airframe structures.

Innovation & Aerospace Initiatives:

• Pioneer in developing rare-earth-containing magnesium alloys for enhanced high-temperature performance.

• Strategic partnerships with major aerospace OEMs like Boeing and Airbus for material qualification and application development.

• Commitment to advanced recycling processes for sustainable magnesium production.

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9️⃣ 2. Magontec

Headquarters: Sydney, Australia
Key Offering: Magnesium Alloy Ingots, Anodes, and Custom Extrusions

Magontec is a vertically integrated producer with a significant global footprint in magnesium alloy production. While serving diverse industries, its aerospace-grade alloys are used in lightweight structural components and interior fittings for commercial and military aircraft.

Innovation & Aerospace Initiatives:

• Investment in high-purity magnesium production to meet aerospace quality standards.

• Focus on developing advanced wrought magnesium alloys for demanding aerospace applications.

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8️⃣ 3. Shanxi Yinguang Magnesium Industry Group

Headquarters: Yuncheng, Shanxi, China
Key Offering: Primary Magnesium Metal and Magnesium Alloy Ingots

As one of China’s largest magnesium producers, Yinguang Magnesium Industry is a key raw material supplier to the global market. The company provides high-purity magnesium that serves as the base for aerospace-grade alloys produced by downstream manufacturers.

Innovation & Aerospace Initiatives:

• Continuous improvement in smelting technology to reduce energy consumption and environmental impact.

• Expansion of production capacity to stabilize global magnesium supply chains critical for aerospace.

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7️⃣ 4. Shanxi Bada Magnesium

Headquarters: Taiyuan, Shanxi, China
Key Offering: Magnesium Alloys, Magnesium Anodes, and Granules

Shanxi Bada Magnesium is a prominent manufacturer with a strong export focus. The company produces a range of magnesium alloys that are utilized in various industrial sectors, including aerospace, where lightweighting is a paramount concern.

Innovation & Aerospace Initiatives:

• Implementation of quality management systems to ensure product consistency for aerospace clients.

• Exploration of new alloy compositions to improve mechanical properties for flight-critical parts.

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

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6️⃣ 5. Smiths Metal

Headquarters: London, United Kingdom
Key Offering: Specialty Metals Distribution, including Aerospace Magnesium Alloys

Smiths Metal is a leading global distributor of high-performance metals. The company acts as a critical supply chain partner for aerospace manufacturers, providing certified magnesium alloys in various forms like sheets, plates, and bars from reputable producers.

Innovation & Aerospace Initiatives:

• Maintaining extensive stock of aerospace-qualified materials for just-in-time delivery.

• Providing technical support and material traceability documentation required by aerospace regulations.

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5️⃣ 6. Regal Magnesium

Headquarters: Melbourne, Australia
Key Offering: Custom Magnesium Alloy Castings and Ingots

Regal Magnesium specializes in producing high-quality magnesium casting alloys. The company serves the aerospace industry by providing materials for complex, lightweight components that are essential for reducing overall aircraft weight.

Innovation & Aerospace Initiatives:

• Expertise in sand casting and gravity die-casting processes tailored for aerospace prototypes and production runs.

• Collaboration with research institutions to advance the corrosion resistance of magnesium alloys.

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4️⃣ 7. Allite, Inc.

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

Allite, Inc. is an advanced materials company focused on commercializing its proprietary Allite Super Magnesium alloys. These alloys are marketed as being stronger and more durable than traditional aluminum alloys but significantly lighter, making them highly attractive for aerospace applications.

Innovation & Aerospace Initiatives:

• Development of ZE62 and WE43 magnesium alloys known for exceptional strength and creep resistance.

• Active engagement with the aerospace and defense sectors to integrate Super Magnesium into new airframe and component designs.

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3️⃣ 8. Shanxi Fugu Tianyu Mineral

Headquarters: Yulin, Shaanxi, China
Key Offering: Raw Magnesium and Magnesium Alloy Ingots

This company is a significant player in the primary magnesium production landscape in China, which dominates global supply. Its output forms the foundation for the magnesium alloy supply chain that feeds into the aerospace industry worldwide.

Innovation & Aerospace Initiatives:

• Focus on scaling production efficiently to maintain competitive pricing for global markets.

• Adherence to environmental standards to ensure sustainable magnesium production practices.

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2️⃣ 9. Alloys International

Headquarters: Dandenong South, Victoria, Australia
Key Offering: Specialized Aluminum and Magnesium Alloys

Alloys International is a specialist supplier of non-ferrous metals, including magnesium alloys for demanding applications. The company provides materials that meet the specific performance criteria required for aircraft components subjected to high stress and weight constraints.

Innovation & Aerospace Initiatives:

• Supply chain expertise in sourcing and distributing certified aerospace materials.

• Value-added services such as cutting and processing to customer specifications.

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1️⃣ 10. Huashun Magnesium Industry

Headquarters: Xi’an, Shaanxi, China
Key Offering: Magnesium Metal, Alloys, and Die-Cast Products

Huashun Magnesium Industry is a comprehensive manufacturer involved in the entire production chain from raw magnesium to finished alloy products. Its capabilities allow it to serve the aerospace sector with consistent, high-quality magnesium alloys for various applications.

Innovation & Aerospace Initiatives:

• Investment in research to improve the ductility and weldability of magnesium alloys for aerospace use.

• Expansion of product portfolio to include more advanced, aerospace-specific alloy grades.

Get Full Report Here: Magnesium Alloys for Aircraft Market – View in Detailed Research Report

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

The magnesium alloys market for aircraft is on a steady upward trajectory, fueled by the aerospace industry’s relentless pursuit of weight reduction. While traditional materials like aluminum remain dominant, magnesium’s unique properties are securing its role in next-generation aircraft design.

📈 Key Trends Shaping the Market:

• Increased adoption in commercial narrow-body and wide-body aircraft programs to meet fuel efficiency targets.

• Growing application in unmanned aerial vehicles (UAVs) and electric vertical take-off and landing (eVTOL) aircraft where weight is critical for range and payload.

• Ongoing R&D to overcome historical challenges related to corrosion resistance and flammability, paving the way for wider acceptance.

• Strategic partnerships between alloy producers and aerospace OEMs to co-develop and qualify new magnesium components.

Get Full Report Here: Magnesium Alloys for Aircraft Market – View in Detailed Research Report

The companies profiled are at the forefront of this transformation, developing and supplying the advanced materials that are essential for building the lighter, more efficient aircraft of tomorrow.