The Global Market for Manganese is Projected to Reach 28.2 Million Metric Tons by 2022

Infrastructure Development in Emerging Markets & the Ensuing Spurt in Steel Consumption Benefits the Manganese Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Manganese market. The global market for Manganese is projected to reach 28.2 million metric tons by 2022, driven by the rise in investments in infrastructure development projects, growing automobile production, and urbanization trends in emerging markets.

Generally found in combination with iron, Manganese (Mn) ranks among the most consumed metals in the world and is also the 5th most abundant metal in the world. Growth prospects for the metal are heavily tied to the steel industry as more than 90% of global manganese consumption is used in steel production in the form of alloys. At present several factors are impacting the manganese market including the general economic conditions in the world economy, governmental regulations, slowdown in steel consumption, and downward trend in ore and alloy prices. Flat construction activity and overcapacity conditions in important markets such as China continues to exert negative pressure on the steel and alloy industries, thus impacting the prices and demand for manganese ore and alloys. Against this backdrop, demand for manganese in the near-to mid-term is expected to grow at a lackluster pace. Gains will follow in the medium to long term driven by recovery in prices of both manganese ore and manganese ferroalloys, opening up of opportunities in new application markets and rise in investments in infrastructure development projects, and improving automobile production particularly in emerging markets.

Growing use of NiMH and Li-ion batteries in storage applications, electric vehicles and consumer applications will help spur demand for manganese. Demand is particularly strong for electrolytic manganese dioxide (EMD) for use in electrodes, which form an essential component of batteries. Another market opportunity for Manganese emerges from non-metallurgical applications including micronutrients in animal feed, and chemicals used as colorant for bricks, textiles, car undercoat paints, glass, and tiles. Growing demand for stainless steel in aesthetic construction is also spurring opportunities for ferromanganese. Recent innovations in the green energy sector are boosting demand for electrolytic manganese metal (EMM) and electrolytic manganese dioxide (EMD).

As stated by the new market research report on Manganese, Asia-Pacific represents the largest market worldwide, led by India, and Taiwan where steel consumption continues to benefit from industrialization and expansion in the manufacturing sector. Also, the emergence of Asia as the manufacturing hub for automobiles is benefiting growth. Although currently witnessing a decline, China remains the largest regional market for finished steel products, owing to the huge construction and industrial activity in the region, which generates high demand for a range of steel products. Latin America is forecast to emerge as the fastest growing market with a CAGR of 4.1% over the analysis period.

Major players covered in the report include Anglo American Plc, Assmang Proprietary Ltd., Carus Corporation, Compania Minera Autlan, S.A.B. De C.V., Consolidated Minerals Limited, ERACHEM Comilog, Inc., Eramet SA, Eurasian Natural Resources Corporation Limited, Gulf Manganese Corporation Limited, Manganese Metal Company, Mesa Minerals Limited, MOIL Limited, Nippon Denko Company Ltd., OM Holdings Ltd., South32 Limited, Vale, and Xiangtan Electrochemical Sclentific Ltd., among others.

The research report titled “Manganese: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies. The report provides market estimates and projections in Metric Tons for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Rest of World. The global and regional markets for Manganese are analyzed by the product segments, including Alloys (Ferro Manganese Alloy, Silico Manganese Alloy, Refined Ferro Manganese Alloy, and Other Alloys), and Electrolytic Manganese. The report also analyzes the global market for Manganese by the following end use segments: Steel, Batteries and Others.

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