Manganese Alloy Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Manganese Alloy Market
The manganese alloy market size was valued at USD 25615.7 million in 2019, and the market is now projected to grow USD 42004.4 million in 2027, exhibiting a CAGR of 7.4% during the forecast period of 2024-2027.
The COVID 19 has immensely affected the mining industry, especially manganese production since manufacturing countries such as South Africa, Australia, China, Gabon, and Brazil have closed their operations due to the pandemic. Most of these restrictions affected mining processes and export/import business. Consequently, supply of manganese ore and manganese alloys production has been negatively impacted with lots of time backlogs. The sustained disturbances have impaired supply chains on a global basis, with manganese supply low.
Manganese alloy used extensively in the manufacture of alloy steels has received a boost by the increasing interest in the development of infrastructure in countries such as China, India, Brazil, and South Africa. The World Steel Association estimated global steel production to have risen from 1,606.3 million metric tons in 2016 to 1,869.9 million MTs in 2019 at a compound annual growth rate of 5.2%. With increased production of steel, there is likely to be enhanced growth on the manganese alloys market as observed in the past.
While the major sources of manganese ore are Africa and Australia, alloy production is most intense in Asian nations especially China and India. SiMn manufactured by China constitutes 70% of the total production while India contributes to 12%. Also, these countries account for roughly half of global HC FeMn production.
Comprehensive Analysis of Manganese Alloy Market
The manganese alloy market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by type, and by application analysis. By type include silicomanganese, high-carbon ferromanganese, medium & low-carbon (MLC) ferromanganese, and others. By application analysis include steel manufacturing, welding accessories, foundry, and others.
The Asia Pacific region lead the manganese alloy market share by benefitting a market size of USD 18084.9 million in 2019 due to the rising adoption of high-carbon ferromanganese in the steel industry.
The top players have a significant responsibility in the chemicals & advanced materials industry for confirming industrial prospectus growth and determining the market trends. These players include, Eramet, FerroGlobe, Maithan Alloys Ltd., Nava Bharat, ROHIT FERRO-TECH LIMITED, Vale, OM Holdings Ltd., Hickman, Williams & Company, Marubeni Tetsugen Co., Ltd., Guangxi Jinmeng Manganese Industry Co., Ltd., Citic Dameng Mining Industries Limited, Inner Mongolia Yao Kui Special Ferroalloy Co. Ltd., Gulf Manganese, Tata Steel, Transalloys, Simpac, MOIL these market players provide a level-playing competitive landscape.
In June 2018, Maithan Alloy acquired Anjaney Minerals and Salanpur Sinters to enhance its steel production capabilities and expand its product offerings.
Segmentation Table
ATTRIBUTES DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Volume (Kio Tons); Value (USD Million)
Segmentation Type; Application; and Geography
Segmentation
By Type
Silicomanganese
High Carbon – Ferromanganese
Medium & Low Carbon – Ferromanganese
Others
By Application
Steel Manufacturing
Welding Accessories
Foundry
Others
By Geography
North America
By Type
By Application
By Country
U.S.
By Type
Canada
By Type
Europe
By Type
By Application
By Country
Russia
By Type
Germany
By Type
Ukraine
By Type
France
By Type
Italy
By Type
Rest of Europe
By Type
Asia Pacific
By Type
By Application
By Country
China
By Type
India
By Type
Japan
By Type
South Korea
By Type
Southeast Asia
By Type
Rest of Asia Pacific
By Type
Latin America
By Type
By Application
By Country
Brazil
By Type
Mexico
By Type
Rest of Latin America
By Type
Middle East & Africa
By Type
By Application
By Country
Turkey
By Type
Iran
By Type
Egypt
By Type
South Africa
By Type
Rest of Middle East & Africa
By Type
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Capacity Expansions, Acquisitions, Partnerships, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Qualitative Insights on Impact of COVID-19 on Global Manganese Alloy Market
- 5.1. Supply Chain Analysis & Challenges due to Covid-19
- 5.2. Steps taken by Government / Companies to Overcome this Impact
- 5.3. Potential Challenges and Opportunities due to COVID-19 Outbreak
- 6. Global Manganese Alloy Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type (Value and Volume)
- 6.2.1.1. Silicomanganese
- 6.2.1.2. High Carbon – Ferromanganese
- 6.2.1.3. Medium & Low Carbon – Ferromanganese
- 6.2.1.4. Others
- 6.2.2. By Application (Value and Volume)
- 6.2.2.1. Steel Manufacturing
- 6.2.2.2. Welding Accessories
- 6.2.2.3. Foundry
- 6.2.2.4. Others
- 6.2.3. By Region (Value and Volume)
- 6.2.3.1. North America
- 6.2.3.2. Europe
- 6.2.3.3. Asia Pacific
- 6.2.3.4. Latin America
- 6.2.3.5. Middle East & Africa
- 7. North America Manganese Alloy Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type (Value and Volume)
- 7.2.1.1. Silicomanganese
- 7.2.1.2. High Carbon – Ferromanganese
- 7.2.1.3. Medium & Low Carbon – Ferromanganese
- 7.2.1.4. Others
- 7.2.2. By Application (Value and Volume)
- 7.2.2.1. Steel Manufacturing
- 7.2.2.2. Welding Accessories
- 7.2.2.3. Foundry
- 7.2.2.4. Others
- 7.2.3. By Country (Value and Volume)
- 7.2.3.1. U.S
- 7.2.3.2. Canada
- 8. Europe Manganese Alloy Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type (Value and Volume)
- 8.2.1.1. Silicomanganese
- 8.2.1.2. High Carbon – Ferromanganese
- 8.2.1.3. Medium & Low Carbon – Ferromanganese
- 8.2.1.4. Others
- 8.2.2. By Application (Value and Volume)
- 8.2.2.1. Steel Manufacturing
- 8.2.2.2. Welding Accessories
- 8.2.2.3. Foundry
- 8.2.2.4. Others
- 8.2.3. By Country (Value and Volume)
- 8.2.3.1. Russia
- 8.2.3.2. Germany
- 8.2.3.3. Ukraine
- 8.2.3.4. France
- 8.2.3.5. Italy
- 8.2.3.6. Rest of Europe
- 9. Asia-Pacific Manganese Alloy Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type (Value and Volume)
- 9.2.1.1. Silicomanganese
- 9.2.1.2. High Carbon – Ferromanganese
- 9.2.1.3. Medium & Low Carbon – Ferromanganese
- 9.2.1.4. Others
- 9.2.2. By Application (Value and Volume)
- 9.2.2.1. Steel Manufacturing
- 9.2.2.2. Welding Accessories
- 9.2.2.3. Foundry
- 9.2.2.4. Others
- 9.2.3. By Country (Value and Volume)
- 9.2.3.1. China
- 9.2.3.2. India
- 9.2.3.3. Japan
- 9.2.3.4. South Korea
- 9.2.3.5. Southeast Asia
- 9.2.3.6. Rest of Asia Pacific
- 10. Latin America Manganese Alloy Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type (Value and Volume)
- 10.2.1.1. Silicomanganese
- 10.2.1.2. High Carbon – Ferromanganese
- 10.2.1.3. Medium & Low Carbon – Ferromanganese
- 10.2.1.4. Others
- 10.2.2. By Application (Value and Volume)
- 10.2.2.1. Steel Manufacturing
- 10.2.2.2. Welding Accessories
- 10.2.2.3. Foundry
- 10.2.2.4. Others
- 10.2.3. By Country (Value and Volume)
- 10.2.3.1. Brazil
- 10.2.3.2. Mexico
- 10.2.3.3. Rest of Latin America
- 11. Middle East & Africa Manganese Alloy Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Size Estimates and Forecast
- 11.2.1. By Type (Value and Volume)
- 11.2.1.1. Silicomanganese
- 11.2.1.2. High Carbon – Ferromanganese
- 11.2.1.3. Medium & Low Carbon – Ferromanganese
- 11.2.1.4. Others
- 11.2.2. By Application (Value and Volume)
- 11.2.2.1. Steel Manufacturing
- 11.2.2.2. Welding Accessories
- 11.2.2.3. Foundry
- 11.2.2.4. Others
- 11.2.3. By Country (Value and Volume)
- 11.2.3.1. Turkey
- 11.2.3.2. Iran
- 11.2.3.3. Egypt
- 11.2.3.4. South Africa
- 11.2.3.5. Rest of Middle East & Africa
- 12. Competitive Landscape
- 12.1. Market Share Analysis, By Key Companies
- 12.2. Company Profiles
- 12.2.1. Eramet
- 12.2.1.1. Overview
- 12.2.1.2. Description
- 12.2.1.3. Product Portfolio
- 12.2.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.1.5. Recent Developments
- 12.2.2. FerroGlobe
- 12.2.2.1. Overview
- 12.2.2.2. Description
- 12.2.2.3. Product Portfolio
- 12.2.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.2.5. Recent Developments
- 12.2.3. Maithan Alloys Ltd.
- 12.2.3.1. Overview
- 12.2.3.2. Description
- 12.2.3.3. Product Portfolio
- 12.2.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.3.5. Recent Developments
- 12.2.4. NavaBharat
- 12.2.4.1. Overview
- 12.2.4.2. Description
- 12.2.4.3. Product Portfolio
- 12.2.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.4.5. Recent Developments
- 12.2.5. ROHIT FERRO-TECH LIMITED
- 12.2.5.1. Overview
- 12.2.5.2. Description
- 12.2.5.3. Product Portfolio
- 12.2.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5.5. Recent Developments
- 12.2.6. Vale
- 12.2.6.1. Overview
- 12.2.6.2. Description
- 12.2.6.3. Product Portfolio
- 12.2.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.6.5. Recent Developments
- 12.2.7. OM Holdings Ltd.
- 12.2.7.1. Overview
- 12.2.7.2. Description
- 12.2.7.3. Product Portfolio
- 12.2.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.7.5. Recent Developments
- 12.2.8. Hickman, Williams & Company
- 12.2.8.1. Overview
- 12.2.8.2. Description
- 12.2.8.3. Product Portfolio
- 12.2.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.8.5. Recent Developments
- 12.2.9. Marubeni Tetsugen Co., Ltd.
- 12.2.9.1. Overview
- 12.2.9.2. Description
- 12.2.9.3. Product Portfolio
- 12.2.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.9.5. Recent Developments
- 12.2.10. Guangxi Jinmeng Manganese Industry Co., Ltd.
- 12.2.10.1. Overview
- 12.2.10.2. Description
- 12.2.10.3. Product Portfolio
- 12.2.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.10.5. Recent Developments
- 12.2.11. Citic Dameng Mining Industries Limited
- 12.2.11.1. Overview
- 12.2.11.2. Description
- 12.2.11.3. Product Portfolio
- 12.2.11.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.11.5. Recent Developments
- 12.2.12. Inner Mongolia Yao Kui Special Ferroalloy Co. Ltd.
- 12.2.12.1. Overview
- 12.2.12.2. Description
- 12.2.12.3. Product Portfolio
- 12.2.12.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.12.5. Recent Developments
- 12.2.13. Gulf Manganese
- 12.2.13.1. Overview
- 12.2.13.2. Description
- 12.2.13.3. Product Portfolio
- 12.2.13.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.13.5. Recent Developments
- 12.2.14. Tata Steel
- 12.2.14.1. Overview
- 12.2.14.2. Description
- 12.2.14.3. Product Portfolio
- 12.2.14.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.14.5. Recent Developments
- 12.2.15. Transalloys
- 12.2.15.1. Overview
- 12.2.15.2. Description
- 12.2.15.3. Product Portfolio
- 12.2.15.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.15.5. Recent Developments
- 12.2.16. Simpac
- 12.2.16.1. Overview
- 12.2.16.2. Description
- 12.2.16.3. Product Portfolio
- 12.2.16.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.16.5. Recent Developments
- 12.2.17. MOIL
- 12.2.17.1. Overview
- 12.2.17.2. Description
- 12.2.17.3. Product Portfolio
- 12.2.17.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.17.5. Recent Developments
- 12.2.18. Others
- 12.2.18.1. Overview
- 12.2.18.2. Description
- 12.2.18.3. Product Portfolio
- 12.2.18.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.18.5. Recent Developments
- 13. Strategic Recommendations
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