Global Electrolytic Managanese Market - Forecast(2023 - 2028)

Report Code: CMR 87824 Report Format: PDF + Excel

Global Electrolytic Manganese Market Overview

The global Electrolytic Manganese market size is forecast to reach US$1.9 billion by 2027, after growing at a CAGR of 6.4% during 2022-2027. Electrolytic manganese is mainly known for its deoxidation and desulfurization in steelmaking using metalloproteins and for making additions to various transition metal alloys that require manganese. It can also be alloyed with other metals such as aluminium alloys, antimony, or copper to form highly ferromagnetic materials. According to World Steel Production, the total production of crude steel in December 2021 for the 64 countries reporting to the World Steel Association was around 158.7 million tonnes (MT). The rise in steel production will eventually boost the demand for the electrolytic manganese market. However, due to covid 19 pandemic, the market has declined in 2020 owing to the shutdown of the manufacturing facilities to reduce the spread of the virus. But the market is expected to follow an increasing trend due to the growing consumption from the various end-use sector. Therefore, the rise in the production of alloys such as steel, copper, and others will increase the demand for the electrolytic manganese market during the forecast period.

Report Coverage

The report: “Global Electrolytic Manganese Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the electrolytic manganese industry.

By Purity: 99.7%, 99.9%, and Others
By Form: Powder, Flakes, Lumps, and Briquettes
By Application: Aluminum Alloy, Steel Alloy, Copper Alloy, Magnetic Material, Additives
and Others
By End-Use Industry: Transportation (Automotive, Aerospace, Marine, Railways), Building & Construction (Residential Construction, Commercial Construction, Infrastructure, and others) Electric & Electronics, Food & Beverages, Metallurgy, Industrial, Chemical, Energy, Oil & Gas, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), and Rest of the World: The Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

  • The Asia Pacific is expected to register a CAGR of 7.6% during the forecast period (2022-2027). The increasing demand for electrolytic manganese in various sectors such as steel, aluminum, and chemicals among Asian countries such as China, India, Japan, and South Korea is driving the electrolytic manganese market.
  • The rising application of electrolytic manganese in building materials, metallurgy, and the electronic component industry will help to drive the demand for electrolytic manganese during the forecast period.
  • Robust demand for electrolytic manganese in the transportation sector is expected to boost the demand for electrolytic manganese during the forecast period as most of the electronic component is made of aluminum alloy, copper alloy, and others.

Figure: Asia Pacific Electrolytic Manganese Market Revenue, 2021-2027 (US$ Billion)

 Global Electrolytic Manganese Market

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Global Electrolytic Manganese Market Segment Analysis – By Purity

The 99.9% electrolytic manganese segments accounted for around 56% of the market share in 2021 and are estimated to grow at a significant CAGR during the forecast period. The 99.9% manganese flakes are widely used as an additive in the manufacturing of Steel as manganese acts as a deoxidizer or desulphurize in the production of Steel. The 99.9% electrolytic manganese helps to improve the mechanical properties and corrosion resistance of aluminum alloys, especially used in the production of beverage can sheet alloys. According to North Carolina Beer & Wine Wholesale retailer Association, the total bear market is valued at US$7,254,318 and consumption is around 115,20,388 gallons in North Carolina for March 2022. Therefore, the rise in the production of the beverages will boost demand for aluminum alloy, which in turn, will drive electrolytic manganese during the forecast period.

Global Electrolytic Manganese Market Segment Analysis - By End-Use Industry

The transportation segment accounted for approximately 35% of the market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. The rising production in the transportation sector is a growing demand for aluminum and in turn, is increasing demand for electrolytic manganese globally. Aluminum alloy is the widest material used in automotive parts owing to many advantages, such as easily machining, strong, high light-to-weight ratio, aesthetic, durability, as well as recycling characteristics which make it to be an ideal option for automotive parts material. According to the China Association of Automobile Manufacturers, the total production of a new passenger car in April 2022 is around 996,000 units and commercial vehicles are around 210,000 units. Therefore, the growing consumption of aluminum alloy in the transportation sector will boost the demand for the global electrolytic manganese market during the forecast period.

Global Electrolytic Manganese Market Segment Analysis - By Geography

Asia Pacific region held the largest share in the global electrolytic manganese market in 2021 up to 38%, owing to the growing industrial, automotive, residential, commercial, and large infrastructure projects, in developing countries like China, India, Indonesia, and others. The major factor responsible for the growth of electrolytic manganese is its availability in a pure form of the metallic element manganese. Also, the growing production of crude steel is boosting the demand for electrolytic manganese in various end-use industries. According to India Brand Equity Foundation, India is the world's second-largest producer of crude steel, with an output of 9.8 MT as of October 2021. In FY22 (till January), the production of crude steel and finished steel stood at 98.39 MT and 92.82 MT, respectively. Therefore, the growing production of aluminum, steel, and others which are widely used in the various end-use sector such as transportation, electronics, building material, and food & beverages sectors are boosting the demand for the global electrolytic manganese market during the forecast period.

Global Electrolytic Manganese Market Drivers:

The demand for Advanced high Strength Steel in Automotive

The growing demand for lightweight vehicles and electric vehicles is driving the electrolytic manganese market. The usage of new grades of advanced high-strength steel enables to reduce of vehicle component weight by 25%-39% and total weight by 8%-10% as compared to conventional steel reducing the overall weight of the vehicle by 100-150 kg. According to World Steel Organization, the total weight of the electric vehicle is reduced by 188 kg for a five-seater using advanced high-strength steel and also reducing the emission of greenhouse gases by 70% of the total life cycle. Therefore, the growing demand for electric vehicles and lightweight vehicles will increase the demand for advanced high-strength steel, which in turn, will boost the electrolytic manganese market during the forecast period.

Increasing demand for Stainless steel in Appliances

Stainless steel is widely used in home appliances for the manufacturing of different products like cookware, kitchen appliances, sinks, fixtures, and others owing to its high durability, modern look, and high resistance to rust, fire, and heat. According to the Retailers Association of India (RAI), the sales of consumer electronics and appliances goods in the third quarter of 2021 have increased by 23.5% compared with the same period in 2020. Electronics hardware production in India increased from US$ 72.38 billion in 2019 to US$ 89.38 billion in 2020 and is estimated to reach US$ 400 billion by 2024. Therefore, the increasing demand for home appliances will increase the demand for stainless steel, which in turn, will boost the demand for electrolytic manganese during the forecast period.

Global Electrolytic Manganese Market Challenges:

The volatile price of Manganese

The volatile price of manganese may hamper the electrolytic manganese during the forecast period. Due to uncertainty in the prices, the price for the electrolytic manganese-based products may affect eventually them. For instance, as of 19 April 2022, the price of electrolytic manganese was US$ 2,400 metric tons and it was recorded as US$2,221 by May 19, 2022. Therefore, the volatile price of is likely to manganese may hamper the market growth.

Global Electrolytic Manganese Market Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Global Electrolytic Manganese Market. 

Global Electrolytic Manganese’s top 10 companies include

1. Nippon Denko Co., Ltd.
2. Belmont Metals
3. Ningxia Darshan Silicon Industry Co., Ltd
4. Huicheng International Trading Pte. Ltd.
5. Xiangtan Electrochemical Scientific
6. Euro Manganese Inc
7. Umicore
8. Erachem Comilog
9. Delta EMD
10. Mesa Minerals Limited

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1. Global Electrolytic Manganese Market- Market Overview
    1.1 Definitions and Scope 
2. Global Electrolytic Manganese Market- Executive Summary
    2.1 Key Trends by Purity
    2.2 Key Trends by Form
    2.3 Key Trends by Application
    2.4 Key Trends by End-use Industry
    2.5 Key Trends by Geography
3. Global Electrolytic Manganese Market– Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Global Electrolytic Manganese Market - Startup Companies Scenario Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Global Electrolytic Manganese Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Global Electrolytic Manganese Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Global Electrolytic Manganese Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Global Electrolytic Manganese Market – By Purity (Market Size -US$ Million/Billion)
    8.1 99.7%
    8.2 99.9%
    8.3 Others
9. Global Electrolytic Manganese Market – By Purity (Market Size -US$ Million/Billion)
    9.1 Powder
    9.2 Flakes
    9.3 Lumps
    9.4 Briquettes
10. Global Electrolytic Manganese Market – By Application (Market Size -US$ Million/Billion)
    10.1 Aluminum Alloy
    10.2 Steel Alloy
    10.3 Copper Alloy
    10.4 Magnetic Material
    10.5 Additives
    10.6 Others
11. Global Electrolytic Manganese Market – By End-Use Industry (Market Size -US$ Million/Billion)
    11.1 Transportation
        11.1.1 Automotive
        11.1.2 Aerospace
        11.1.3 Marine
        11.1.4 Railways
    11.2 Building & Construction
        11.2.1 Residential Construction
        11.2.2 Commercial Construction
        11.2.3 Infrastructure
        11.2.4 Others
    11.3 Electric & Electronics
    11.4 Food & Beverages
    11.5 Metallurgy
    11.6 Industrial
    11.7 Chemical
    11.8 Energy
    11.9 Oil & Gas
    11.10 Others
12. Global Electrolytic Manganese Market - By Geography (Market Size -US$ Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zealand
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Global Electrolytic Manganese Market– Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Global Electrolytic Manganese Market – Industry/Segment Competition Landscape Premium
    14.1 Company Benchmarking – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. Global Electrolytic Manganese Market – Key Company List by Country Premium Premium
16. Global Electrolytic Manganese Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."

LIST OF TABLES

1.Global Electrolytic Managanese Market, by Type Market 2019-2024 ($M)
2.Global Electrolytic Managanese Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Electrolytic Managanese Market, by Type Market 2019-2024 (Volume/Units)
4.Global Electrolytic Managanese Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Electrolytic Managanese Market, by Type Market 2019-2024 ($M)
6.North America Electrolytic Managanese Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Electrolytic Managanese Market, by Type Market 2019-2024 ($M)
8.South America Electrolytic Managanese Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Electrolytic Managanese Market, by Type Market 2019-2024 ($M)
10.Europe Electrolytic Managanese Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Electrolytic Managanese Market, by Type Market 2019-2024 ($M)
12.APAC Electrolytic Managanese Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Electrolytic Managanese Market, by Type Market 2019-2024 ($M)
14.MENA Electrolytic Managanese Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
2.Canada Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
3.Mexico Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
4.Brazil Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
5.Argentina Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
6.Peru Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
7.Colombia Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
8.Chile Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
10.UK Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
11.Germany Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
12.France Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
13.Italy Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
14.Spain Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
16.China Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
17.India Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
18.Japan Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
19.South Korea Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
20.South Africa Global Electrolytic Managanese Industry Market Revenue, 2019-2024 ($M)
21.North America Global Electrolytic Managanese Industry By Application
22.South America Global Electrolytic Managanese Industry By Application
23.Europe Global Electrolytic Managanese Industry By Application
24.APAC Global Electrolytic Managanese Industry By Application
25.MENA Global Electrolytic Managanese Industry By Application