Manganese Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 3.87 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Manganese Market Analysis
The Manganese Market size is estimated at 23.24 Million tons in 2024, and is expected to reach 28.10 Million tons by 2029, growing at a CAGR of 3.87% during the forecast period (2024-2029).
During the pandemic scenario in 2020, construction activities were temporarily stopped during the government-imposed lockdown to curb the spread of new COVID-19 cases, which decreased the demand for steel from the construction industry. However, considering the post-pandemic scenario, the construction industry is picking up the pace which is likely to increase the demand for the market in the coming years.
- Over the short term, the increasing demand for manganese in lithium-ion battery production, owing to the rising demand for electric vehicles, is expected to drive the market's growth.
- Conversely, unfavorable conditions arising from restrictive governmental policies and growing environmental concerns are expected to hinder market growth.
- Nevertheless, the usage of manganese in batteries is likely to create lucrative growth opportunities for the global market.
- The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
Manganese Market Trends
Increasing Demand from Construction Sector
- Manganese is used in steel, as it increases hardenability and tensile strength. Over 40% of the world's steel is used in the construction sector for building applications (structural sections, reinforcing bars, sheet products, non-structural steel, and others), infrastructure, and transportation.
- Manganese also acts as a mild oxidizing agent. Steels are also used in offshore oil rigs, bridges, civil engineering and construction machines, pressure vessels, power plants, and hydroelectric plants.
- The global construction industry is estimated to be about USD 12.9 trillion by 2030, primarily driven by countries such as India, China, and the United States.
- China's construction industry looks shaky as the country is dealing with the Evergrande crisis (the company has USD 300 billion of liabilities alone as of June 2021), and a full-fledged Chinese financial crisis and the effect of recession can't be ruled out.
- In the United States, President Biden introduced a USD 2 trillion plan in 2021 to overhaul and upgrade the nation's infrastructure, into a greener industry.
- By 2025, the Indian construction market output is expected to grow on average by 7.1% each year. Additionally, the real estate industry in India is expected to reach USD 1 trillion by 2030 and contribute to 13% of the GDP.
Asia Pacific to Dominate the Market
- Asia Pacific has dominated the market globally, owing to increasing demand from countries such as China, India, and Japan.
- With rapid urbanization, especially in developing countries, investments in new construction projects have been increasing over recent years. Asia Pacific has dominated the construction sector investments worldwide due to the growth in investments in China, India, Japan, and ASEAN countries.
- Increasing infrastructure construction activities and the entry of major players from the European Union into the lucrative market of China have further fueled the industry's expansion.
- The construction industry in India contributes about 9% of the country's GDP. 100% foreign direct investment in the construction industry in India under automatic route is permitted in completed projects for operations and management of townships, malls/shopping complexes, and business constructions. This is expected to boost the industry in the forecast period.
- According to the National Bureau of Statistics of China, Chinese industrial production increased by about 9.6% in 2021, as compared to the previous year. Furthermore, industrial production increased by 5.0% Y-o-Y in October 2022, following an increase of 6.3% Y-o-Y in the previous month, thereby stimulating the demand for the market studied.
Manganese Industry Overview
The manganese market is partially consolidated in nature. Some of the major players in the market (not in particular order) include Anglo American PLC, Assore Limited (Assmang Proprietary Limited), Ningxia Tianyuan Manganese Industry Group Co. Ltd, Mesa Minerals Limited, and Sibelco, among others.
Manganese Market Leaders
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Mesa Minerals Limited
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Assore Limited (Assmang Proprietary Limited)
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Sibelco
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Anglo American PLC
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Ningxia Tianyuan Manganese Industry Group Co. Ltd
*Disclaimer: Major Players sorted in no particular order
Manganese Market News
- In August 2020, South32 Ltd. announced that it would sell its entire stake in the manganese alloy smelter, Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance and thereby enhancing the business of GFG Alliance.
Manganese Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand of Electric Vehicles
- 4.1.2 Other Drivers
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4.2 Restraints
- 4.2.1 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Industry Attractiveness - Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Intensity of Competitive Rivalry
- 4.5 Price Trends
- 4.6 Production Analysis
5. MARKET SEGMENTATION (Market Size in Volume)
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5.1 By Application
- 5.1.1 Alloys
- 5.1.2 Electrolytic Manganese Dioxide
- 5.1.3 Electrolytic Manganese Metals
- 5.1.4 Other Applications
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5.2 By End-use Sector
- 5.2.1 Industrial
- 5.2.2 Construction
- 5.2.3 Power Storage and Electricity
- 5.2.4 Other End-use Sectors
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5.3 By Geography
- 5.3.1 Asia Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share(%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Anglo American PLC
- 6.4.2 Assore Limited (Assmang Proprietary Limited)
- 6.4.3 BHP
- 6.4.4 Carus Group Inc.
- 6.4.5 Eramet
- 6.4.6 Jupiter Mines Limited
- 6.4.7 Mesa Minerals Limited
- 6.4.8 MOIL LIMITED
- 6.4.9 Ningxia Tianyuan Manganese Industry Group Co. Ltd
- 6.4.10 NIPPON DENKO CO. LTD
- 6.4.11 Sibelco
- 6.4.12 Tata Steel
- 6.4.13 Vale
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Future Use of Manganese in Electrical Batteries
Manganese Industry Segmentation
The manganese market is segmented by application, end-use sector, and geography. By application, the market is segmented into alloys, electrolytic manganese dioxide, electrolytic manganese metals, and other applications. By end-use sector, the market is segmented into industrial, construction, power storage and electricity, and other end-use sectors. The report also covers the market size and forecasts for the manganese market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (tons).
| By Application | Alloys | |
| Electrolytic Manganese Dioxide | ||
| Electrolytic Manganese Metals | ||
| Other Applications | ||
| By End-use Sector | Industrial | |
| Construction | ||
| Power Storage and Electricity | ||
| Other End-use Sectors | ||
| By Geography | Asia Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia Pacific | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| By Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Manganese Market Research FAQs
How big is the Manganese Market?
The Manganese Market size is expected to reach 23.24 million tons in 2024 and grow at a CAGR of 3.87% to reach 28.10 million tons by 2029.
What is the current Manganese Market size?
In 2024, the Manganese Market size is expected to reach 23.24 million tons.
Who are the key players in Manganese Market?
Mesa Minerals Limited, Assore Limited (Assmang Proprietary Limited), Sibelco, Anglo American PLC and Ningxia Tianyuan Manganese Industry Group Co. Ltd are the major companies operating in the Manganese Market.
Which is the fastest growing region in Manganese Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Manganese Market?
In 2024, the Asia Pacific accounts for the largest market share in Manganese Market.
What years does this Manganese Market cover, and what was the market size in 2023?
In 2023, the Manganese Market size was estimated at 22.37 million tons. The report covers the Manganese Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Manganese Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Which Application segment had the largest market share in the Manganese Market?
Based on application Alloys segment had the largest market share in the Manganese Market.
Manganese Industry Report
The global manganese market is on a significant upward trajectory, fueled by the escalating demand for steel across construction, infrastructure, and automotive sectors. Its critical role in enhancing steel's hardenability and tensile strength positions manganese as a cornerstone in steel production, capturing a substantial market share. Emerging economies are witnessing a boom in construction and infrastructure projects, further amplified by the automotive industry's quest for high-strength steel. The burgeoning electric vehicle sector is spurring demand for manganese in lithium-ion batteries, opening new avenues for market expansion. The Asia-Pacific region, marked by rapid urbanization and infrastructural advancements, dominates the market. Market segmentation reveals alloying additives and silico-manganese as prominent segments, owing to their critical application in steel manufacturing and battery production. Despite facing challenges like environmental concerns and regulatory policies, the manganese market is poised for substantial growth, underpinned by its vital role in steel production and burgeoning battery technology applications. For detailed market insights, including manganese market size, manganese market trends, share, and growth rate, Mordor Intelligence™ offers comprehensive industry reports with forecasts and historical overviews, available as free report PDF downloads.
