Global Manganese Oxide (MnO) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Manganese Oxide (MnO) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Manganese (II) oxide is an inorganic compound with chemical formula MnO. It forms green crystals. The compound is produced on a large scale as a component of fertilizers and food additives. It can also be used to produce batteries, chemicals, etc.

Market Overview:

The latest research study on the global Manganese Oxide (MnO) market finds that the global Manganese Oxide (MnO) market reached a value of USD 285.04 million in 2022. It’s expected that the market will achieve USD 381.97 million by 2028, exhibiting a CAGR of 5.0% during the forecast period.

Downstream demand

Due to the global pandemic of COVID-19, in order to stop the spread of the epidemic, the governments of many countries have issued the Stay at home order. As a result, many companies and factories shut down. To a certain extent, the demand for manganese oxide (MnO) in these industries declined. However, as the epidemic was gradually brought under control and the factory resumed normal operations, the situation gradually improved.

Logistics

Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays. At present, the logistics industry in various countries is gradually recovering operations according to different national policies. It is expected that after the epidemic is further controlled, it will basically return to normal.

SME

The epidemic will have an impact on the cash flow of small and medium-sized enterprises in the industry and thus affect the operating conditions. As a result, the share of small and medium-sized enterprises in the market will shrink and the share of head enterprises will increase.

Rising downstream demand

Due to the increasing threat of air pollution and increasing global attention to environmental protection, electric vehicles are expected to become more prominent in the automobile production structure in the next few years. Electric cars will become cheaper, and as concerns such as worries that electric cars run out of electricity too early are resolved, consumers' willingness to use electric cars will increase.
Manganese oxide (MnO) can be used as a negative electrode material for lithium-ion batteries. With the continuous expansion of lithium-ion batteries in new energy vehicles and electronic products, the development of manganese oxide (MnO) industry also ushered in new opportunities.
Encouragement by the policy environment, the improvement of performance, and the improvement of customer affordability are all favorable factors, and the battery industry's demand for manganese oxide (MnO) continues to increase.

Emission of pollutants

The discharge of pollutants has a serious impact on the environment and water quality. As countries pay 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 oxide (MnO) industry, but in the short term, the increase in product raw material costs and the decline in output will inevitably have a certain negative impact on the development of the manganese oxide (MnO) industry. In addition, the rising cost of treating pollutants will also have an impact on the company's capital flow.

Region Overview:

From 2022-2027, Middle East & Africa is estimated to witness robust growth prospects.

Company Overview

Good Earth is one of the major players operating in the Manganese Oxide (MnO) market, holding a share of 15.61% in 2022.

Good Earth

GoodEarth group comprises of various manufacturing, mining and trading companies. The group has manufacturing presence in India and South Africa, and mining presence in Indonesia.

Prince

Prince is a leading manufacturer of specialty chemicals and industrial additives and acts as a critical link between global suppliers and niche end markets. The company has a unique, integrated organic and M&A driven growth model. Prince is a global, diversified value-added manufacturer of specialty chemicals and additives with an international network across 6 different continents adding value from source to solution.

Segmentation Overview:

By type, Synthetic segment accounted for the largest share of market in 2021.

Natural

Natural Manganese Oxide (MnO) mainly refer to Manganosite which is a rare mineral composed of manganese (II) oxide MnO.

Synthetic

Synthetic Manganese Oxide (MnO) refers to MnO artificially made by Reduction of MnO2, Decarbonation of Manganese Carbonate, etc.

Application Overview:

By application, the Fertilizers segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Manganese Oxide (MnO) market covered in Chapter 3:

Ratan Minerals
Guangxi Quanzhou Tianxing Chemical
Vipra Ferro Alloys Private
Metallics Mine-chem Private
HMP Minerals
Hunan Jiafei Techonology Development
Fermavi
Good Earth
Vigyan Chemicals Private
Manganese Products Corporation
Shri Sai Chemical and Alloys
Prince Minerals
ERACHEM Comilog
Paradise Minerals
Narayana Minerals
Superfine Minerals
Manmohan Minerals and Chemicals
Universal Chemicals
Amit Metaliks
Jyoti Dye-Chem
Tosoh Hyuga Corporation
Nagpur Pyrolusite
Hunan Fenghua Materials
Multitecnica
Sagar Mining and Metals Industries
Produquimica
Astrra Chemicals

In Chapter 4 and Chapter 14.2, on the basis of types, the Manganese Oxide (MnO) market from 2018 to 2029 is primarily split into:

Natural
Synthetic

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Manganese Oxide (MnO) market from 2018 to 2029 covers:

Fertilizers
Food Additives
Batteries
Chemicals
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)