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

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

Manganese is essential to iron and steel production by virtue of its sulfur-fixing, deoxidizing, and alloying properties. Manganese is mined in South Africa, Australia, China, Brazil, Gabon, Ukraine, India and Ghana and Kazakhstan.

Market Overview:

The latest research study on the global Manganese market finds that the global Manganese market reached a value of USD 26812.31 million in 2022. It’s expected that the market will achieve USD 40751.63 million by 2028, exhibiting a CAGR of 7.23% 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 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.

Industrial automation will further develop

The epidemic will promote automated production in the industry, enabling manufacturers to hire more high-tech talents and multi-skilled compound workers, reduce dependence on labor, and better respond to labor fluctuations. At the same time, more and more attention will be paid to the standardization of components, the intelligentization of logistics and the enhancement of the anti-risk ability of the supply chain.

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 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 industry. In addition, the rising cost of treating pollutants will also have an impact on the company's capital flow.

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 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 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 continues to increase.

Region Overview:

China is projected to account for a considerable share of the Manganese market and is expected to become the largest region by 2027.

Company Overview:

Eramet SA is one of the major players operating in the Manganese market, holding a share of 3.28% in 2022.

Eramet SA

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).

Sheng Yan Group

Ningxia Shengyan Industrial Group Co., Ltd., together with its subsidiaries, engages in mining, processing, and production of manganese ore and alloys. It produces silicomanganese, carbon ferromanganese, and manganese slag and iron.

Segmentation Overview:

As for product types, the Alloys (FeMn, SiMn, Refined FeMn, & Others) segment held the largest market share in 2021.

Alloys (FeMn, SiMn, Refined FeMn, & Others)

Ferromanganese is used as deoxidiser, desulphuriser and degasser of steel, to eliminate nitrogen and other hazardous elements that are found at the first melting of iron. Silicomanganese, which is obtained thorough manganese carbotermia and using quartzite as a source of silicon, is used as a steel deoxidiser.

Electrolytic Manganese

Mainly refers to Electrolytic Manganese Dioxide (EMD). Electrolytic manganese dioxide (EMD) is the critical component of the cathode material in modern alkaline, lithium, and sodium batteries including electrochemical capacitors and hydrogen production.

Application Overview:

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

Steel

Manganese is a key component of steel. In fact, this chemical element is present in all commercially available steels and is responsible for the steel hardness and strength, but to less of an extent than carbon. The effect of manganese in improving the mechanical properties of steel depends on its carbon content. Manganese also reduces the critical cooling rate during hardening, meaning it increases the hardenability of steel. Its effect on hardenability is higher than other alloying elements.

Batteries

The most important non-metallurgical application of manganese is in batteries. Both disposable and rechargeable batteries use various forms and quantities of manganese in their construction.

Key Companies in the global Manganese market covered in Chapter 3:

Vale
Sheng Yan Group
Erdos Group
Nippon Denko Company Ltd.
Ningxia Tianyuan Manganese Industry Co., Ltd.
South32 Limited
Ferroglobe
Eramet SA
Anglo American plc
African Rainbow Minerals Limited
Inner Mongolia Pu Yuan Iran Alloy Co.,Ltd
Compania Minera Autlan, S.A.B. De C.V.
OM Holdings Limited
Manganese Metal Company (Pty) Ltd.
MOIL Limited

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

Alloys (FeMn, SiMn, Refined FeMn, & Others)
Electrolytic Manganese

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

Steel
Batteries
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)