Industry Background:
The Manganese alloys summarize its profile of the Life Cycle Assessment of Global Manganese Alloy Production. The production of manganese alloys involves many process steps, which generated emissions and waste. Approximately 90% of manganese alloys are heading for the steel and stainless steel industry. As manganese has no satisfactory substitute in its major application, which creates a huge opportunity for this industry. Manganese ore is mined in Asia although the highest-grade ore comes from Africa, Australia, and Brazil. According to the International Manganese Institute, the global production of manganese increased to 13.8 million tons in 2018, as compared to that in 2017.This growth is primarily driven by Increasing Requirement in Electric Vehicle, Increasing Demand for Silicomanganese and Growth of Steel Industry.
Globally, a noticeable market trend is evident Rise in Demand for Silicomanganese Due to Its Cost Effectiveness. Major Vendors, such as ERAMET S.A. (France), South32 (Australia), Ferroglobe (United Kingdom), ArcelorMittal (Luxembourg), Jindal Stainless Ltd. (India), Sakura Ferroalloys SDN BHD (Malaysia), Pertama Ferroalloys Sdn. Bhd. (Malaysia), Mortex Group (India), Georgian American Alloys (United States), Nikopol Ferroalloy Plant (Ukraine) and Maithan Alloys Ltd. (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Apr 2019, Eramet Announced Its 2019 Production Targets: 4.5 Million Tonnes of Manganese Ore and 1.5 Million Tonnes of Nickel Ore Will Exported. Additionally, In Aug 2018, Ferroglobe PLC Leader In Silicon And Manganese Based Alloys Company Revealed That Authority Was Granted For The Company To Make Purchases Of Its Own Shares “Of-Market”.
Regulatory Insights:
The U.S. Environmental Protection Agency Has Promulgated the Iron and Steel (I&S) Effluent Guidelines and Standards (40 CFR Part 420) In 1974, and Amended the Regulation in 1976, 1982, 1984, 2002, And 2005. Additionally, Manganese Exposure in United States Is Regulated By the Occupational Safety and Health Administration (OSHA).
Market Drivers
- Increasing Requirement in Electric Vehicle
- Increasing Demand for Silicomanganese
- Growth of Steel Industry
Market Trend
- Rise in Demand for Silicomanganese Due to Its Cost Effectiveness
Restraints
- Increasing Health Issues Related With Manganese Toxicity
- Increasing Concerns of Auto Manufacturers for Manganese-Based Gasoline Additive Is Hampering the Growth of Market
Opportunities
Strong Opportunity in Infrastructure Industry, Due To High Demand of Iron and Steel
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Manganese Alloys Study Sheds Light on
The Manganese Alloys Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Manganese Alloys industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Manganese Alloys industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.