Electrolytic Manganese Metal Market Outlook
According to a new report by Expert Market Research titled, “Electrolytic Manganese Metal Market Size, Share, Analysis, Report and Forecast 2024-2032″, is projected to grow at a CAGR of 5.70% between 2024 and 2032. Aided by the escalating demand for sustainable power sources and the expanding application of EMM in different sectors, the market is expected to grow significantly by 2032.
Electrolytic manganese metal, a high-purity product with multiple industrial applications, is primarily derived from manganese ores. It is extensively used in the production of steel and non-ferrous alloys, batteries, and electronics. EMM plays a crucial role in the global economy due to its broad range of applications and its strategic importance in industries ranging from metallurgy to electronics.
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The burgeoning demand for sustainable power sources, particularly the escalating adoption of electric vehicles (EVs), is driving the global electrolytic manganese metal market growth. With increasing environmental consciousness and the urgency to combat climate change, there has been a substantial shift towards green energy sources, leading to a rise in demand for high-capacity batteries, where EMM plays a pivotal role. Moreover, the emergent trend of energy storage solutions has added to the growing popularity of EMM, as it is a key ingredient in the manufacturing of lithium-ion batteries.
The proliferating uses of EMM in various industries also significantly contribute to the electrolytic manganese metal market expansion. In the steel industry, EMM is deployed as a deoxidiser and a desulfuriser in the production of high-quality and specialty steel. The electronics industry relies on EMM for its superb electrical conductivity and resistance to corrosion, essential in the creation of various electronic devices. In addition, EMM’s properties render it indispensable in the manufacturing of aluminium alloys and colorants for ceramics and glass.
Furthermore, the intensifying demand for advanced consumer electronics and electric vehicles has led to a keen interest in EMM as a pivotal ingredient in rechargeable lithium-ion batteries. With the rapid evolution of technology and the growing popularity of sustainable transportation alternatives, EMM has surfaced as a critical component in the manufacturing of high-capacity and high-density batteries, thereby enhancing the electrolytic manganese metal market growth.
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Significant growth in the renewable energy sector, coupled with the necessity for energy storage systems, offers extensive opportunities for the EMM market. In addition, advances in technology, growing industrialisation, and the need for high-quality steel in various industries, including construction and transportation, further solidify the electrolytic manganese metal market potential.
Electrolytic Manganese Metal Market Segmentation
The market can be divided based on form, application, and region.
Market Breakup by Form
- Flake
- Powder
Market Breakup by Application
- Steel
- Aluminium Alloy
- Magnetic Material
- Chemical
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global electrolytic manganese metal companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- 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
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