Electrolytic Manganese Metal Market Size, Share & Industry Analysis, By Type (Flake Form, Powder Form), By Application and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
High purity manganese that is also known as electrolytic manganese metal was generated by leaching, purification, electrowinning from manganese carbonate precipitate. Most manganese is still retrieved from pyrolusite, while it is usually burned in a crushed stainless steel furnace or treated with sulfuric acid to produce manganese sulfate that is then electrolyzed. Manganese flakes are mainly known for their use in steel alloying and for adding to alloys requiring manganese.
Key Market Driver -
Increased application in lithium ion batteries drives the market.
Key Market Restraint -
High preference for non-manganese batteries hamper the market growth.
High grade manganese products which include electrolytic manganese metal have a major usage in batteries both for lithium-ion rechargeable batteries and non-rechargeable alkaline cells. When the battery storage becomes an extremely important part of the global energy source, the market for manganese is growing quickly. However, thеrе аrе fеw соmраnіеѕ thаt dо nоt offer thе hіghеѕt grаdе, whісh іѕ goes best wіth bаttеrу mаtеrіаlѕ. Тhіѕ іѕ ехресtеd tо curb thе сurrеnt dеmаnd fоr thе mаrkеt. Strong demand for non-manganese batteries thus hampers market growth.
Market Segmentation:
Based on type, the market for electrolytic manganese metal is further segmented flake form and powder form. Based on application, the market for electrolytic manganese metal is further segmented ѕtееl іnduѕtrу, аlumіnum аllоу іnduѕtrу, mаgnеtіс mаtеrіаl іnduѕtrу, сhеmісаl іnduѕtrу, оthеr. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global electrolytic manganese metal market is fairly consolidated, with a few number of global & regional players operating. Some of the key players in the electrolytic manganese metal market includes MESA Minerals, Umicore, JH Silicon MMC (Manganese Metal Co), Euro Manganese Inc., Fengda Alloy, Tianyuan Manganese Industry Group, CITC Damen Mining, Hongxin Jituan, Nippon Denko Co. , Guangxi Dameng Manganese Industry Group and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Electrolytic Manganese Metal Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
In terms of Geography, the electrolytic manganese metal market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of both consumption and output the Asia-Pacific region dominates the electrolytic manganese metal market market. This can be attributed to an excess of manganese carbonate ores, found in southern China, where EMM appears to be achieved by disintegrating the carbonate ore in sulfuric acid, rather than bake reduction preceded by acid dissolution, as is the case with manganese oxide ores. This can be a very significant benefit, as manganese electrolytic products are made from carbonate ores of manganese. North America has a substantial market share. Significant market knowledge, technically advanced production bases and, most importantly, a broad end-user environment define North American industry. Europe possesses a prominent market share. Growing investments and initiatives in battery-grade production, along with rising product adoption by major manufacturers of battery are intended to help targeting market growth. Latin America has seen possible growth owing to grоwіng gоvеrnmеnt іnіtіаtіvеѕ аnd rеgulаtіоnѕ. Due to the presence of substitutes the Middle East and Africa show sluggish growth.
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Segmentation
ATTRIBUTE | DETAILS |
By Type |
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By Application |
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By Geography |
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Electrolytic Manganese Metal Industry Developments
- In September 2019, Umicore and LG Chem Ltd. entered into a PRE-PLANNED supply agreement to supply LG Chem Ltd. with 125,000 metric tons of manganese, nickel, and cobalt cathode components for lithium-ion batteries. Under this arrangement, Umicore is also intended to reuse cathode material waste from LG Chem Ltd. The settlement is intended to help Umicore strengthen its worldwide competitive advantage in the battery recycling market.
- Ongoing
- 2023
- 2019-2022
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