Manganese Market Growth & Forecast | 2021-2026

Market Insights

The manganese market is estimated to grow from USD 26.6 billion in 2020 and is likely to grow at a CAGR of 5.2% during 2021-2026 to reach USD 35.9 billion by 2026.

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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 the 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

The following are the 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 market is driven by a host of factors, some of which are noted below:

• Rising product demand for lithium-ion batteries. 
• Rising investments in infrastructure development projects and soaring automobile production bolster the industries.
• Moreover, fast-paced industrialization and urbanization in emerging economies have driven the need for new residential buildings, roads, railways, and buildings.

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Segment’s Analysis

End Use Trends

The market has been classified into industrial, construction, power storage and electricity, and others. The construction segment accounted for the largest market in 2020 & is expected to grow at a fast pace during the forecast period.

Rising construction activities in developing and developed countries are a key factor augmenting the usage of manganese in the production of steel, thus bolstering the segment growth during the assessment period.

Regional Insight

Asia Pacific accounted for the largest share of the market in 2020 and is expected to grow at a robust CAGR during the review period.

The market growth is mainly attributed to rapid urbanization in developing countries of China, India, and ASEAN countries; growing investments for new construction projects, and the strong presence of steel manufacturing plants, further augment the market growth.

North America accounted for a significant share in 2020 and is expected to grow at a robust CAGR during the review period.

The market growth is mainly attributed to expanding steel sector and the rising number of initiatives taken to enhance their production capacity. Moreover, the significant budget allocated for infrastructure development further bolsters regional market growth.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories:

By Application

• Alloys
• Electrolytic Manganese Dioxide
• Electrolytic Manganese Metals
• Others

By End Use

• Industrial
• Construction
• Power Storage and Electricity
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico),
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe),
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific),
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others).

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

What Deliverables Will You Get in this Report?

Target Audience

The target audience of the manganese market includes-

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

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.