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Manganese Market Growth, Future Prospects and Competitive Analysis, 2017 – 2025

Published: | Report ID: 8200 | Report Format : PDF

Overview:

Manganese occurs as a silvery metallic element with an atomic number of 25 and a chemical symbol of Mn. Manganese is not a natural element but is found in various minerals such as purpurite, manganite, and rhodonite, among others. Manganese is a very hard metallic element that is also brittle. Manganese, in its pure state, is available in four allotropic forms. The alpha form of manganese is stable at ordinary temperatures. The gamma form of manganese converts into the alpha form at ordinary temperatures. The remaining forms include flexible, soft, and easily cut ones. Manganese is naturally found in mineral ores in Brazil, Russia, South Africa, Australia, India, and Gabon. Manganese is present in very high amounts on the ocean floor. About 24% of manganese nodules are found on the ocean floor. Manganese is a paramagnetic metal that is exceptionally hard and brittle and resembles iron. Since manganese is highly temperature-resistant, it is difficult to fuse, although it is easy to oxidize. Manganese tarnishes slowly in the air and oxidizes in water with dissolved oxygen. Manganese is found in a variety of deposits, the most important of which contain manganese dioxide in the form of romanechite, pyrolusite, and wad. Manganese is indispensable to plant growth and allows the assimilation of nitrates in algae and green plants. Most of the manganese is used in the form of silicomanganese and ferromanganese alloys for the production of steel and iron. Iron oxide-based manganese ores are reduced in electric or blast furnaces with carbon to produce ferromanganese, which is then used in the manufacture of steel. Manganese is crucial for the production of iron and steel due to its excellent deoxidizing, sulfur-fixing, and alloying properties.

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Rising investments in infrastructural development across the globe are one of the key factors driving the growth of the global manganese market. Increasing demand for stainless steel is a major factor contributing to the growth of the global manganese market. Further, steel is used on a large scale for many industries, such as energy generation, transportation, and industrial purposes, among others. Hence, developments in these industries are expected to boost demand for steel, which in turn is anticipated to boost demand for manganese over the forecast period. Rapid urbanization, speedy automobile production, and the emergence of new application areas such as electronics are some other major aspects augmenting the global manganese market. In addition, the rising focus of several governmental bodies on green energy is projected to bolster the demand for electrolytic manganese metal. Moreover, rising demand for stainless steel, especially in aesthetic construction, is anticipated to accelerate the demand for ferromanganese, which in turn will drive the global manganese market. Furthermore, the rising demand for manganese in battery production coupled with an increase in demand for energy storage is anticipated to increase the consumption of manganese-based batteries over the foreseeable future. Also, increasing usage of mobile phones, as well as electric vehicles, is expected to increase the demand for electrolytic manganese dioxide, which in turn will bolster the overall growth of the global manganese market over the forecast period.

The global manganese market is segmented on the following basis:

Application

  • Metallurgical Applications
  • Steel Making
  • Aluminum Alloys
  • Copper Alloys

Other metal alloys

  • Non-Metallurgical Applications
  • Chemicals
  • Batteries
  • Agriculture
  • Others

Geography

  • North America
  • The U.S.
  • Canada

Europe

  • Germany
  • UK
  • France
  • Rest of Europe

Asia-Pacific (APAC)

  • China
  • India
  • Japan
  • Rest of APAC

Latin America

  • Brazil
  • Mexico
  • rest of Latin America

Middle East and Africa (MEA)

  • GCC Countries
  • the remainder of MEA

Key players identified for the manganese market include but are not limited to:

Assmang Proprietary Ltd., Carus Corporation, Consolidated Minerals Limited, Compania Minera Aultan, S.A.B. De C.V., Eramet SA, ERACHEM Comilog, Inc., Eurasian Natural Resources Corporation Limited, and Gulf Manganese Corporation Limited are among other notable players.

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This report offers the following:

  • An overview of the global markets for manganese
  • Market trends assessment for the period 2015-2025, including historical data for 2015 and projections through 2025, as well as respective CAGRs for 2017-2025.
  • Qualitative assessment tools such as market drivers, challenges, future prospects, and market attractiveness
  • Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the manganese market

Frequently Asked Questions

What is the size of Manganese Market?

The market for Manganese is expected to reach US$ XX Mn in 2025.

What is the Manganese Market CAGR?

The Manganese market is expected to see significant CAGR growth over the coming years,at XX%.

What is the Forecast period considered for Manganese Market?

The report is forecasted from 2017-2025

What is the base year considered for Manganese Market?

The base year of this report is 2016.

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