Manganese Carbonate Market Size, Share & Industry Analysis, By Application (Fertilizers, Glaze Colorant, Chemical Intermediates, Others) Others and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
The manganese carbonate is a chemical compound with formula MnCO3. It is a pale-pink colored solid which occurs naturally as mineral rhodochrosite, but it is usually produced industrially. Manganese carbonate is insoluble in water and has an octahedral coordination geometry. It is one of the sources of manganese that is converted to other compounds like manganese oxide by calcination. Manganese carbonate is widely used as an additive in plant fertilizer to cure manganese deficiency. It is also used in ceramics as a glaze colorant, health foods, and concrete stains. In medicine, manganese carbonate is used as a hematinic. The rising need for manganese carbonate for the production of crop fertilizers will grow its demand.
Key Market Driver -
Rise in need for manganese carbonate in porcelain products
Key Market Restraint -
High manufacturing cost of manganese carbonate
The key market driver for the global manganese carbonate market is the increase in the demand for concrete staining to decorate home surfaces due to growing disposable income. Additionally, the rising homeware industry is another factor increasing the consumption of manganese carbonate for ceramics manufacturing, thus driving the market.
Key market restraint for the global manganese carbonate market is the high cost of manufacturing of manganese carbonate due to mining of its ore. Additionally, less number of manganese carbonate mining companies is expected to act as a market restraint for the global manganese carbonate market.
Market Segmentation:
Based on the application, the manganese carbonate market can be segmented into fertilizers, glaze colorant, chemical intermediates, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Players Covered:
Some of the notable companies in the global manganese carbonate market are Airedale Chemical Company Ltd., American Elements, Alfa Aesar, Sunrise Enterprise, Chemalloy, Prochem Inc., Spectrum Chemical Manufacturing Corp., Noah Technologies, and other key players.
Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenarios
- Porters Five Forces Analysis
Regional Analysis:
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The global manganese carbonate market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to hold the largest market share of the global manganese carbonate market due to the rising demand for fertilizers from countries dependent on agriculture such as India. China has the maximum number of manganese carbonate mines in the world. Growing demand for ceramics and concrete staining is another reason responsible for the growth of the manganese carbonate market in Asia Pacific region. Europe occupies second-largest share of manganese carbonate in terms of volume followed by North America.
Segmentation
ATTRIBUTE | DETAILS |
By Application |
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By Geography |
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- Ongoing
- 2023
- 2019-2022
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