Global Manganese Ore Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Manganese ore is an aggregate of metal minerals that contains manganese metal compounds and has economic value. It is an important raw material in the field of manganese metal smelting. Manganese is a gray-white, hard, brittle, and shiny transition metal. It has a chemical symbol of Mn, atomic number 25, and relative atomic mass 55. It belongs to the VIIB group element. It has a density of 7.44 g/cm3 and a melting point of 1,244°C. Manganese is a more active metal. It can combine with oxygen when heated, and is easily dissolved in dilute acid to form divalent manganese salt. It is widely used in modern ferromanganese, silicomanganese, high-purity electrolytic manganese metal, high purity electrolytic manganese dioxide, high purity manganese sulphate monohydrate (HPMSM) industry.
Market Overview:
The latest research study on the global Manganese Ore market finds that the global Manganese Ore market reached a value of USD 10024.94 million in 2022. It’s expected that the market will achieve USD 13573.14 million by 2028, exhibiting a CAGR of 5.18% during the forecast period.
Manganese mining shutdown, global supply chain affected
The impact of the COVID-19 outbreaks on the world's major manganese ore producing countries has been mixed. Early in the outbreak, South Africa declared a state of national emergency, which was expected to reduce the supply of manganese ore. However, due to the long transportation cycle of South African manganese ore and the high port inventory, the supply in a short time has not yet had a real impact. But as the outbreak spread further, in December 2021, the Omicron variant was first spotted in the country. Manganese mines had to suspend operations after South Africa locked down the entire country due to the new crown epidemic. In the future, it cannot be ruled out that manganese ore producing countries will take stricter prevention and control measures, resulting in a substantial reduction in the supply of manganese ore. Global supply chains will also be affected.
Important application of manganese ore in the field of iron and steel
As the MSG of the steel industry, metallic manganese as a deoxidizer and alloy additive can be used in blast furnace ironmaking to improve pig iron performance and in steelmaking. Due to its special position in steelmaking, most of the manganese ore is used in the steel industry.
For example, in China, China's steel production will exceed 1 billion tons in 2020, and the top 11 steel companies will consume a total of 950,000 tons of electrolytic manganese metal. At the same time, if according to the current technical standards, calculated based on the consumption of 15% of metal manganese per ton of steel products, China will consume nearly 8 million tons of metal manganese during the 14th Five-Year Plan period. In addition, in addition to the traditional steelmaking industry's demand for metallic manganese, the upgrade of single steel products has also increased the use of metallic manganese. For example, with the continuous application of MQ new stainless steel in production and life, the amount of metal manganese will also increase substantially. Therefore, with the continuous development of the steel industry, the demand for manganese ore will continue to increase.
Pollution in mining hills
The discharge of pollutants has a serious impact on the environment and water quality. As the country pays more and more attention to environmental issues, some small mines have been shut down due to environmental protection policies. In the long run, it is conducive to the sustainable development of the manganese ore industry, but in the short term, the increase in product mining costs and the decline in output will inevitably have a certain negative impact on the development of the manganese ore industry. In addition, the rising cost of pollutant treatment will also have an impact on the company's capital flow.
At present, governments of various countries around the world have successively issued a number of regulatory policies to address the ecological damage and environmental pollution problems in the manganese ore industry. In the future, environmental protection and safety supervision issues in the manganese ore industry will become normal.
Region Overview:
In global comparison, a significant portion of the revenue was generated in China (49.93% in 2021).
Company Overview
Eramet S.A. is one of the major players operating in the Manganese Ore market, holding a share of 10.73% in 2022.
Eramet S.A.
Eramet, a global mining and metallurgy group, is a key player in the extraction and recovery of metals (manganese, nickel, mineral sands) as well as the development and processing of high added-value alloys (high-speed steels, high-performance steels, superalloys, and aluminum and titanium alloys).
South32
Around the world, South32 is helping people improve their lives by developing natural resources. South32's operations in Australia, Southern Africa and South America produce commodities including bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel, metallurgical coal and manganese. South32 also has a high-grade zinc, lead and silver development option in North America and is working with several base metal-biased junior explorers. Whether for infrastructure, energy production, consumables or vehicles, South32 believes that minerals and metals can be mined and processed responsibly.
Segmentation Overview:
By type, High Grade (>44% Mn) segment accounted for the largest share of market in 2021.
Application Overview:
By application, the Silicomanganese segment occupied the biggest share from 2017 to 2022.
Key Companies in the global Manganese Ore market covered in Chapter 3:
Vale S.A.
Eramet S.A.
Assmang Proprietary Limited
Anglo American plc
South32
Moil Limited
In Chapter 4 and Chapter 14.2, on the basis of types, the Manganese Ore market from 2018 to 2029 is primarily split into:
High Grade (>44% Mn)
Medium Grade (35%-44% Mn)
Low Grade (<35% Mn)
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Manganese Ore market from 2018 to 2029 covers:
Steel Making
Alloys (Alloys, Copper, etc.)
Electronics Industry
Chemical
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)
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