Manganese Market Report

Market Insights

The Manganese Market is estimated to grow from USD 26.6 billion in 2020 to USD 35.9 billion by 2026 at a healthy CAGR of 5.2% during the forecast period.

Figure: Manganese Market Size, 2020-2026 (USD Million)

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What is Manganese?

Manganese is a brittle silvery white metal which is found in combination with iron. The physical and chemical properties of manganese are similar to that of iron. Although, manganese is more brittle and harder. Around 90% of the available manganese is utilized in steel production. Manganese is critical for the growth of plants and integration of nitrates in algae and green plants.

Covid-19 Impact Analysis

The COVID-19 pandemic has negatively affected the manganese industry. The construction activities were temporarily stopped amid the lockdown imposed in many countries to curb the spread of infection, which decreased the demand for steel from the construction industry. This, in turn, adversely affected the demand for manganese.

Key Players

Key players operating in the global Manganese Market are-

• Anglo American PLC (UK)
• Assore Limited (Assmang Proprietary Limited) (South Africa)
• Autlán (Mexico)
• BHP (Australia)
• Carus Group Inc. (US)
• Eramet (France)
• Jupiter Mines Limited (South Africa)
• Mesa Minerals Limited (Australia)
• MOIL LIMITED (India)

Market Dynamics

The Manganese market is majorly propelled by rising product demand for lithium-ion batteries. Also, rising investments for infrastructure development projects and soaring automobile production bolster the industry growth. Moreover, fast paced industrialization and urbanization in emerging economies has driven the need for new residential buildings, roads, railways, and buildings, further augmenting the industry growth during the forecast timeline.

Segment’s Analysis

End Use Trends

Based on end use, the manganese market has been classified into industrial, construction, power storage and electricity, and others. The construction segment accounted for the largest market in 2020. Rising construction activities in developing and developed countries is a key factor augmenting the usage of manganese in production of steel, thus bolsters the segment growth during the assessment period.

Regional Trends

By region, the Asia Pacific Manganese market accounted a significant share in 2020 and is expected to grow at a robust CAGR during the review period. The Manganese market growth is mainly attributed to rapid urbanization in developing countries of China, India, and ASEAN countries; growing investments for new construction projects, and strong presence of steel manufacturing plants, further augments the market growth.

The North American Manganese market accounted a significant share in 2020 and is expected to grow at a robust CAGR during the review period. The Manganese market growth is mainly attributed to expanding steel sector and the rising number of initiatives taken to enhance their production capacity. Moreover, significant budget allocated for infrastructure development further bolsters the regional market growth.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global manganese market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the global manganese market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on global manganese market?
• What are the key strategies adopted by the major vendors to lead in the global manganese market?
• What is the market share of the top vendors?

Target Audience

The target audience of Manganese Market includes-

• Manganese Vendors
• Manganese Manufacturers
• Manganese Distributors
• Organizations
• Government Bodies.

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