About Manganese
Manganese (Mn) is a chemical element with atomic number 25. It is a hard, brittle, silvery-white metal that is often found in minerals in combination with iron. Manganese is an essential nutrient for both plants and animals. In humans, it is involved in bone formation, blood sugar regulation, and enzyme function. Manganese can be found in a variety of foods, including nuts, whole grains, and leafy green vegetables. Manganese is a versatile element with a wide variety of industrial applications. It is most commonly used in the production of steel, where it helps to remove impurities and improve the strength and workability of the metal. Manganese is also used in the production of aluminum alloys, batteries, fertilizers, and pigments. The manganese market appears poised for growth, driven by steel and electric vehicle industries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Manganese market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nippon Denko Co. Ltd. (Japan), SAKURA FERROALLOYS (Malaysia), South32 (Australia), Assmang (South Africa), Ferroglobe (United Kingdom), Minera Autlan (Mexico), Translloy India Pvt. Ltd. (India), Mesa Minerals Partners (United States), Eramet (France) and MOIL (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are OM Holdings Ltd (Singapore), Mizushima Ferroalloy Co. Ltd (Japan), Metals and Alloys Corporation (India), Accura Weldrods Kovai Pvt Ltd (India) and African Rainbow Minerals Ltd (South Africa).
Segmentation Overview
AMA Research has segmented the market of Global Manganese market by , Application (Coloring Agent, Oxidizing Agent, Alloying Additive, Polarizer and Others) and Region.
On the basis of geography, the market of Manganese has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. Industrial will boost the Manganese market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Offline will boost the Manganese market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Compound, the sub-segment i.e. Manganese Acetate will boost the Manganese market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand of High-Purity Electrolytic Manganese
Market Growth Drivers:
Rising Demand for Steel Industry and Growth in Electric Vehicles
Challenges:
Supply Chain Disruptions
Restraints:
Stringent Environmental Regulations
Opportunities:
Exploration of New Manganese Deposits and Sustainable Manganese Mining
Market Leaders and their expansionary development strategies
In December 2023, Eramet and Vibrantz Technologies have announced a 10-year agreement whereby Eramet will supply Vibrantz with manganese ore, an essential raw material used in Vibrantz’s portfolio of manganese technologies for lithium-ion battery and other applications.
In August 2023, Ermazon Launches Manganese Extraction Operations in Morocco. This launch is seen as a positive development for Elcora as it fulfills increasing market demands for Manganese. Ermazon has already begun generating revenue in the second quarter of the current fiscal year, indicating a quick return on investm
Key Target Audience
Manufacturer, Government Bodies, Research Center, Suppliers & Distributors, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.