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Global Manganese Market Is Set To Reach A Value Of USD 32,586.9 Million By 2023

Press release   •   Jul 22, 2019 13:20 IST

Global Manganese Market Is Set To Reach A Value Of USD 32,586.9 Million And Market Can Grow At 5.02% CAGR Over The Forecast Period 2018-2023

A new research report titled "Global manganese market" successfully exhibits the complete scenario of the global and an individual analysis of the various regional segments.

“Global manganese market” provides, wherever applicable and relevant, technical data of products, and sheds useful light on expected commercial production dates and current R&D status. This report will help the viewer in Better Decision Making.

This report provides an analysis of the latest trends in the industries in each sub-segment between 2018 and 2023 and forecasts revenue growth around the globe, the regional and the country levels. The research covers drivers and restraints of the worldwide manganese market. The effect of these drivers and limitations on manganese demand during the forecast period is also discussed. The study also shows worldwide and regional possibilities in the manganese market. For this research, we have segmented the manganese market report into a type, application/end-user and regional segment.

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This study offers a thorough assessment of price trends, government regulatory scenarios, value chain analysis, and major market players that offers an overview of the manganese industry worldwide. In order to help comprehend a competitive landscape on the market, Porter’s 5 Forces model for manganese is also included. The research includes market attraction assessment, in which different segments are evaluated in accordance with their market size, growth rate and overall appeal.

The market is studied for regions such as North America (U.S. and Canada), Europe (U.K., Germany, France, Spain, Italy and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific), Latin America (Mexico, Brazil, ,and Rest of Latin America) and Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa).

Manganese is an element with industrial alloy uses, particularly stainless steel. The extraction is primarily done by four major countries – China, Gabon, Australia, and South Africa. The alloys of the element are used as an alloying additive in the manufacture of zinc, copper, steel, aluminum, and titanium.

The worldwide manganese market is set to reach a value of USD 32,586.9 million by 2023, as per our research. The market can grow at 5.02% CAGR over the forecast period (2018-2023).

Market Dynamics

Increasing production of steel globally is the primary driver of the market. According to the World Steel Association, steel production had touched 1689 million metric tons (MMT) in 2017 and the number is expected to surge in the coming years. The expansion of automotive and construction sectors can induce demand for steel and create opportunities for the market. Manganese is used in the production of alloy steels to increase the strength, hardenability, and anti-corrosion properties.

Rapid industrialization in Asia Pacific can offer new opportunities for the manganese market. The construction and electronics sectors are expected to grow massively. Lax policies and invite for strong investments by industrial leaders in China are likely to boost market demand. Furthermore, the Indian construction industry can reach a valuation of USD 1,037.49 billion by 2023. The growth in the sector is supported by government schemes, foreign direct investment, improved standards of living, and rising per-capita incomes.

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Segmentation

The report segments the manganese market on the basis of type and application.

Based on type, is segmented into high carbon ferromanganese, medium carbon ferromanganese, low carbon ferromanganese, silico-manganese, electrolytic manganese metal, and electrolytic manganese dioxide. Among them, silico-manganese can exhibit 5.50% CAGR over the forecast period to reach a value of USD 20,225.1 million by 2023. . On the other hand, the high carbon ferromanganese segment can showcase 3.39% CAGR over the forecast period. The segment can elicit massive demand due to its need by the construction industry. The ability of manganese to enhance the strength of steels coupled with its antioxidant properties can fuel the segment.

By application, the manganese market is segmented into depolarizer, oxidizing agent, coloring agent alloying additive, and others. The alloying additive segment is predicted to exhibit 5.13% CAGR over the forecast period to touch a valuation of USD 29,476.8 million by 2023. The use of manganese to strengthen alloys of copper and aluminum can fuel segment growth.

Regional Analysis

Geographically, the manganese market is segmented covers trends across North America, Europe, Latin America, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The APAC manganese market is expected to expand at 5.39% CAGR over the forecast period thanks to rapid industrialization. It held a respectable more than 70% market share in 2018. It can exhibit highest% CAGR over the assessment period to accrue a demand of 17,962.1 tons by 2023. The market is dominated by China, which is one of the biggest producers of manganese ore. The demand from the automotive sector coupled with infrastructural projects which command high demand of the mineral can boost market growth.

The North American region is projected to showcase 4.20% CAGR during the assessment period to touch a valuation of around USD 1500 million by 2023. The market can expect a strong demand from the region due to the burgeoning steel industry. In addition, the initiative by electric vehicle manufacturers to commence mass production is expected to culminate in significant windfall for the manganese market.

Competitive Analysis

Prominent names include Transalloy India Pvt Ltd (India), Mesa Minerals Limited (Australia), Autlán (Mexico), Eramet (France), MOIL Limited (India), Ferro Alloys Corporation Limited (FACOR) (India), OM Holdings Ltd (Singapore), Sakura Ferroalloys (Malaysia), Nippon Denko Co., Ltd (Japan), Mizushima Ferroalloy Co., Ltd (Japan), Metals and Alloys Corporation (India), Accura Weldrods Kovai Pvt Ltd (India), African Rainbow Minerals Ltd (South Africa), Afarak Group Plc (Finland), and Transalloys (South Africa). These players are indulging in acquisitions and expansions to strengthen their standing in the market.

Table Of Contents

Global Manganese Market Research Report Forecast to 2023

1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
3.1 Global Market Share, by Region (%)
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Increasing Production of Steel Across the Globe
5.2.2 Rising Demand for Manganese in the Manufacturing of Batteries
5.2.3 Drivers Impact Analysis
5.3 Restraints
5.3.1 Guidelines for Permissible Manganese Content
5.3.2 Restraints Impact Analysis
5.4 Opportunities
5.4.1 Booming Industrialization and Urbanization in Asia-Pacific
6 Market Factor Analysis
6.1 Supply Chain Analysis
6.1.1 Raw Material Suppliers
6.1.2 Manganese Processors and Refiners
6.1.3 Distribution Channel
6.1.4 Applications
6.2 Porter’s Five Forces Analysis
6.2.1 Threat of New Entrants
6.2.2 Threat of Rivalry
6.2.3 Threat of Substitutes
6.2.4 Bargaining Power of Suppliers
6.2.5 Bargaining Power of Buyers
6.3 Pricing Analysis
7 Global Manganese Market, by Type
7.1 Introduction
7.2 High Carbon Ferromanganese
7.3 Medium Carbon Ferromanganese
7.4 Low Carbon Ferromanganese
7.5 Silico-Manganese
7.6 Electrolyte Manganese Metal
7.7 Electrolyte Manganese Dioxide
8 Global Manganese Market, by Application
8.1 Introduction
8.2 Alloying Additive
8.3 Depolarizer
8.4 Oxidizing Agent
8.5 Coloring Agent
8.6 Others
9 Global Manganese Market, by Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 Russia
9.3.3 UK
9.3.4 France
9.3.5 Italy
9.3.6 Spain
9.3.7 Poland
9.3.8 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Australia & New Zealand
9.4.5 South Korea
9.4.6 Taiwan
9.4.7 Indonesia
9.4.8 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.5.4 Columbia
9.5.5 Chile
9.5.6 Rest of Latin America
9.6 The Middle East and Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Egypt
9.6.4 Turkey
9.6.5 South Africa
9.6.6 Rest of Middle East and Africa
10 Competitive Landscape
10.1 Introduction
10.2 Market Strategy Analysis
10.3 Key Development Analysis (Global)
10.3.1.1 Expansion
11 Company Profiles
11.1 ERAMET
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.1.6 Key Strategies
11.2 Accura Weldrods Kovai Pvt Ltd
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Products Offered
2.1.1 Key Developments
11.2.4 SWOT Analysis
11.2.5 Key Strategies
11.3 Mizushima Ferroalloy Co., Ltd.
11.3.1 Company Overview
11.3.2 Financial Overview
11.3.3 Products Offered
11.3.4 Key Developments
11.3.5 SWOT Analysis
11.3.6 Key Strategies
11.4 African Rainbow Minerals Ltd
11.4.1 Company Overview
11.4.2 Financial Overview
11.4.3 Products Offered
11.4.4 Key Developments
11.4.5 SWOT Analysis
11.4.6 Key Strategies
11.5 Nippon Denko Co., Ltd
11.5.1 Company Overview
11.5.2 Financial Overview
11.5.3 Products Offered
11.5.4 Key Developments
11.5.5 SWOT Analysis
11.5.6 Key Strategies
11.6 Moil Limited
11.6.1 Company Overview
11.6.2 Financial Overview
11.6.3 Products Offered
11.6.4 Key Developments
11.6.5 SWOT Analysis
11.6.6 Key Strategies
11.7 OM Holdings Ltd
11.7.1 Company Overview
11.7.2 Financial Overview
11.7.3 Products Offered
11.7.4 Key Developments
11.7.5 SWOT Analysis
11.7.6 Key Strategies
11.8 Mesa Minerals Limited
11.8.1 Company Overview
11.8.2 Financial Overview
11.8.3 Products Offered
11.8.4 Key Developments
11.8.5 SWOT Analysis
11.8.6 Key Strategies
11.9 Metals and Alloys Corporation
11.9.1 Company Overview
11.9.2 Financial Overview
11.9.3 Products Offered
11.9.4 Key Developments
11.9.5 SWOT Analysis
11.9.6 Key Strategies
11.1 Translloy India Pvt. Ltd
11.10.1 Company Overview
11.10.2 Financial Overview
11.10.3 Products Offered
2.1.2 Key Developments
11.10.4 SWOT Analysis
11.10.5 Key Strategies
11.11 Ferro Alloys Corporation Limited (FACOR)
11.11.1 Company Overview
11.11.2 Financial Overview
11.11.3 Products Offered
11.11.4 Key Developments
11.11.5 SWOT Analysis
11.11.6 Key Strategies
11.12 Afarak Group PLC
11.12.1 Company Overview
11.12.2 Financial Overview
2.1.3 Products Offered
11.12.3 Key Developments
11.12.4 SWOT Analysis
11.12.5 Key Strategies
11.13 Transalloys
11.13.1 Company Overview
11.13.2 Financial Overview
11.13.3 Products Offered
11.13.4 Key Developments
11.13.5 SWOT Analysis
11.13.6 Key Strategies
11.14 Sakura Ferroalloys
11.14.1 Company Overview
11.14.2 Financial Overview
11.14.3 Products Offered
11.14.4 Key Developments
11.14.5 SWOT Analysis
11.14.6 Key Strategies
11.15 Autlán
11.15.1 Company Overview
11.15.2 Financial Overview
11.15.3 Products Offered
11.15.4 Key Developments
11.15.5 SWOT Analysis
11.15.6 Key Strategies
12 Conclusion
12.1 Headlines
12.2 Industry Trends

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