Global Electrolytic Manganese Metal Market Report and Forecast 2024-2032

Global Electrolytic Manganese Metal Market Outlook

The global electrolytic manganese metal market size is expected to grow in the forecast period of 2024-2032 at a CAGR of 5.70%.  

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Increasing Applications in the Production of Stainless Steel to Augment the Global Electrolytic Manganese Metal Industry

The increasing applications of electrolytic manganese metal flakes in the production of stainless steel is driving the segment’s growth. The growing demand for stainless steel in various end use industries such as construction and automotive is propelling the demand for electrolytic manganese metal flakes. 

In addition, electrolytic manganese metal can increase the strength and tenacity of steel. In this regard, the increasing focus of the steel manufacturers towards producing steel with superior strength is further bolstering the demand for electrolytic manganese metal flakes.

Meanwhile, the electrolytic manganese metal powder segment is anticipated to witness a high demand in the forecast period owing to its increasing application in non-ferrous and steel alloys. It is used to improve the strength and toughness of an alloy, which is anticipated to boost the application of the product in high-quality alloys. 

Europe Accounts for a Sizable Market Share for Electrolytic Manganese Metal

The electrolytic manganese metal market in the Europe region is being driven by the increasing demand for electrolytic manganese metal as a raw material in the European Union’s rapidly expanding electric vehicle and lithium-ion battery market. In addition to this, the strong foothold of major electric vehicle manufacturers in the region is likely to propel the demand for electrolytic manganese metal for manufacturing manganese-based batteries. 

The growing research and development activities aimed towards producing rechargeable lithium-ion batteries are anticipated to provide impetus to the market in the forecast period. Furthermore, the market is likely to be aided by rapid urbanisation, robust industrialisation, and increasing standards of living in countries such as Spain, France, and Germany, among others.

Market Segmentation

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Electrolytic manganese metal, also known as high purity manganese, is defined as an element which is considered as a pure form of manganese and is obtained by electrolysing manganese during its refining process. It is a hard and durable metal with high corrosion and wear resistance. The automotive industry is a major consumer of this metal. 

Based on form, the market can be segmented into:

• Flake 

• Powder 

By application, the electrolytic manganese metal market has been divided into:

• Steel 

• Aluminium Alloy 

• Magnetic Material 

• Chemical 

• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Demand for Manganese-based Batteries to Boost the Growth of the Electrolytic Manganese Metal Industry

The increasing demand for manganese-based batteries to power battery electric vehicles is escalating the demand outlook of electrolytic manganese metal. Additionally, the electrification strategies adopted by major automobile companies are further amplifying the production of electrolytic manganese metal. Over the forecast period, the anticipated increase in the sale of electric battery vehicles owing to the stringent government regulations against emission of carbon is anticipated to propel the demand for electrolytic manganese metal. 

Meanwhile, the high price of alternative battery metals such as cobalt, is prompting automotive engineers to use manganese-based batteries, which is another crucial driving factor of the electrolytic manganese metal market. Moreover, the increasing application of electrolytic manganese metal in military-grade supplements in the military and defence industry is likely to bolster the market growth. 

The market is also anticipated to be aided by the growing research and development activities by major electronic equipment manufacturers to gain a competitive edge in battery recycling market. This would in turn increase the dependence on electrolytic manganese metal. However, the lack of inadequate processing capacity of electrolytic manganese metal might lead to a supply-demand gap, which is likely to hinder the market growth.  

Key Players in the Global Market for Electrolytic Manganese Metal

The report gives a detailed analysis of the following key players in the global electrolytic manganese metal market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Ningxia Tianyuan manganese industry (Group) Co., Ltd.

• NIPPON DENKO CO.,LTD.

• Belmont Metals Inc.

• Mesa Minerals Limited

• Jayesh Industries Limited

• Guangxi Start Manganese Materials Co., Ltd.

• Manganese Metal Company (Pty) Ltd.

• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report