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The manganese mining market size is forecast to increase by USD 10.94 billion at a CAGR of 6.78% between 2023 and 2028. The market is driven by the growing demand for steel, as manganese is an essential element in steel production. The increasing adoption of stainless steel, which is also a significant consumer of manganese, further fuels market growth. However, challenges associated with the procurement of manganese ore, such as supply chain disruptions and price volatility, pose significant risks to market growth. Additionally, environmental concerns and regulations, particularly in key producing countries, can impact the availability and cost of manganese ore, further complicating the market landscape. Despite these challenges, the market is expected to grow steadily due to the increasing demand for steel and stainless steel in various end-use industries.
Manganese is a vital metal used in various industries, including steel production, ferromanganese and silicomanganese production for ferrous alloys, and non-ferrous alloys such as aluminum. Manganese alloys are essential for enhancing the strength and durability of steel, making it an indispensable component in the transport industry. Manganese is also used in the production of batteries, particularly in rechargeable batteries for renewable energy sources like wind power and solar power. The demand for manganese is driven by the growing adoption of electric vehicles and energy storage systems. Manganese minerals such as braunite, pyrolusite, psilomelane, rhodochrosite, and others are mined and processed to extract manganese.
Moreover, the mining and processing of these minerals involve various techniques, including open-pit mining and underground mining. Manganese is also used in the production of chemicals and electronics. Ferromanganese and electrolytic manganese are important intermediates in the production of manganese chemicals, while manganese is used in the production of various types of batteries, including rechargeable batteries. In summary, the market is driven by the demand for manganese in steel production, batteries, and other industries. The growing adoption of renewable energy sources and electric vehicles is expected to further boost the demand for manganese in the coming years.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The alloys segment is estimated to witness significant growth during the forecast period. The global market is primarily driven by the production of manganese alloys, including silicomanganese and high-carbon ferromanganese. These alloys are essential in enhancing the physical and mechanical properties of various ferrous and non-ferrous alloys, such as steel and aluminum. In 2023, the alloys segment accounted for the largest market share, with steel being the primary end-user. Approximately 85% of the mined manganese ore is utilized in the manufacturing of steel, while the remaining 15% is converted into slag. Manganese is also a crucial component in the production of batteries, particularly those used in renewable energy sources like wind and solar power, as well as rechargeable batteries for electric vehicles (EVs) and energy storage industries.
Moreover, the manganese mining industry also caters to the needs of research institutions and battery manufacturers in the development of advanced manganese-based products. The hardness of steel and the energy storage capabilities of batteries are significantly improved by the addition of manganese. The ferromanganese and electrolytic manganese produced from the ore are also used in the steel industry to increase the hardness of steel. The manganese mining sector continues to evolve, with the potential for substitute materials and the growing demand for manganese in various industries, including building & construction and transport, presenting significant opportunities for market growth.
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The alloys segment accounted for USD 19.92 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 75% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Manganese, a vital mineral, plays a significant role in various industries, including energy storage systems, chemicals, electronics, and steel production. The demand for manganese is primarily driven by the increasing adoption of lithium-ion batteries for renewable energy storage. Manganese is a key component in battery cathodes, with compounds such as Braunite, Pyrolusite, Psilomelane, and Rhodochrosite being the primary sources. These minerals enhance battery performance by improving energy density, cycle life, and safety. In the chemicals sector, manganese is used as a catalyst and in the production of various compounds. In the electronics industry, it is used in the manufacturing of semiconductors and other electronic components. Additionally, manganese is an essential element in the production of steel products, contributing to their strength and durability.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing demand for steel is the key driver of the market. Manganese is an essential metal used extensively in various industries, particularly in the manufacturing of steel and ferroalloys. The global manganese mining industry caters to the production of manganese alloys such as silicomanganese and high-carbon ferromanganese, which are crucial components in the production of ferrous alloys and non-ferrous alloys. Manganese is also employed in the production of batteries, including those used in renewable energy sources like wind and solar power, as well as in rechargeable batteries for electric vehicles (EVs). The steel industry is a significant consumer of manganese, with its use contributing to the hardness and strength of steel.
Moreover, in the building & construction sector, manganese is utilized in the manufacturing of steel, which is integral to modern infrastructure and buildings due to its longevity, workability, and high fatigue strength. Additionally, manganese-based products are employed in the aluminum industry for the production of aluminum alloys. Manganese exposure limits are essential considerations in the mining sector to ensure worker safety. In recent years, there have been research initiatives focused on the development of substitute materials to reduce manganese usage and mitigate potential health risks. The global manganese mining industry also caters to the needs of various end-users, including the energy storage industries and battery manufacturers.
Similarly, in 2021, the top five countries producing crude steel were China, India, Japan, the US, and Russia. China accounted for approximately 50%-52% of the global crude steel production. The global steel market is expected to continue growing due to population growth and economic development, with the automotive, energy, construction, and industrial machinery industries being major contributors.
Increasing adoption of stainless steel is the upcoming trend in the market. Manganese is a vital element in various industries, particularly in the manufacturing of steel and ferrous alloys such as silicomanganese and high-carbon ferromanganese. These alloys are essential for enhancing the hardness and strength of steel, making it suitable for use in the transport industry, building & construction, and other demanding applications. In addition, manganese is used in non-ferrous alloys like aluminum, as well as in the production of batteries, fertilizers, and renewable energy sources such as wind power and solar power. Manganese-based products are integral to the production of rechargeable batteries, including lithium-ion batteries used in electric vehicles (EVs) and energy storage industries.
Moreover, the mining sector is a significant contributor to the production of manganese ore, which is then processed into various manganese products. As research initiatives continue in the areas of EVs and renewable energy, the demand for manganese is expected to increase, making the mining industry a crucial player in the global economy. Manganese exposure limits are strictly enforced to ensure the safety of workers in the mining industry. The versatility of manganese makes it a valuable resource for various industries, and its use as a substitute material in some applications continues to be explored. Manganese battery manufacturers and research institutions are at the forefront of innovation in the production of advanced manganese-based products.
Challenges associated with the procurement of manganese ore are a key challenge affecting the market growth. The global market is driven by the increasing demand for manganese alloys, particularly silicomanganese and high-carbon ferromanganese, in the manufacturing of ferrous and non-ferrous alloys, steel, and aluminum. Manganese is also extensively used in the production of batteries, including those for renewable energy sources such as wind power and solar power, as well as rechargeable batteries for electric vehicles (EVs) and energy storage industries. The hardness of steel is enhanced by the addition of manganese, making it a crucial component in the steel industry. Manganese ore, the primary source of manganese, is processed through hydrometallurgical and electrolytic processes to produce manganese metal and derivative products.
However, the availability, supply, and price of raw materials pose challenges to the growth of the manganese mining industry. The geographical distribution of manganese reserves is not uniform, with certain countries holding significant reserves and exerting considerable influence on the market. Manganese-based products find extensive applications in the transport industry, building & construction, and the production of manganese batteries, lithium-ion batteries, and other electric vehicles. Research institutions and battery manufacturers are initiating research to explore substitute materials for manganese, but the current market demand remains strong. The mining sector's sustainability and adherence to manganese exposure limits are critical factors influencing the industry's growth trajectory.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
African Rainbow Minerals Ltd. - The company offers manganese mining for high-quality manganese ore from black rock mines.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The manganese mining industry plays a crucial role in the production of various manganese-based products, including manganese alloys, silicomanganese, and high-carbon ferromanganese. These alloys are essential in the manufacturing of ferrous and non-ferrous alloys, such as steel and aluminum, for the transport industry, building & construction, and renewable energy sources like wind power and solar power. Manganese is also used in the production of batteries, particularly lithium-ion batteries for electric vehicles (EVs) and energy storage industries. Manganese ore is the primary raw material for producing these manganese-based products. The mining sector continues to invest in research initiatives to improve mining techniques and reduce manganese exposure limits for workers.
Moreover, the ferromanganese segment holds a significant market share in the manganese mining industry, followed by aluminum alloys. Substitute materials, such as silicon and calcium, are being explored to reduce the reliance on manganese, but their widespread adoption is yet to be seen. Manganese mining is expected to remain a key contributor to the steel industry due to the hardness of steel produced using manganese alloys. Manganese battery manufacturers and research institutions are also driving the demand for manganese in the production of rechargeable batteries.
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Market Scope |
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Report Coverage |
Details |
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Page number |
181 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.78% |
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Market growth 2024-2028 |
USD 10.94 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.23 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 75% |
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Key countries |
China, India, Australia, US, and Brazil |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
African Rainbow Minerals Ltd., Anglo American plc, Asia Minerals Ltd., BHP Group plc, CITIC Ltd., Consolidated Minerals Ltd., Element 25 Ltd., Eramet, Ferroglobe Plc, Grupo Buritipar, Guangxi Jinmeng Manganese Industry Co. Ltd., Hickman Williams and Co., Maithan Alloys Ltd., Manganese X Energy Corp, Marubeni Tetsugen Co. Ltd., Mesa Minerals Ltd., MOIL LTD, Nava Ltd., OM Holdings Ltd., and Vale SA |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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