Global Electrolytic Managanese Market - Forecast(2023 - 2028)

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 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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