Global Manganese Market Outlook to 2026

Manganeseis a tough, brittle, gray-white transition metal that is naturally found in various minerals, but never by itself.Itis one of the most common elements in Earth's crust and is widely distributed across the planet's surface.Itis vital to human and animal life in metabolic functions.

According to BlueQuark Research & Consulting, the global manganese market is expected to witness growth at a considerable rate during the forecast period. The major factor responsible for the global manganese market's growth would be increasing lithium-ion batteries' demand and rising global shift towards electric vehicles (EV) running on them. Manganese also has applications in steel manufacturing. It is used as an oxidizing agent that enhances steel’s hardenability and tensile strength. Technological advancements and increased spending on research are unearthing new opportunities day in and day out. However, health issues related to manganese toxicity is a major restraining factor for the market. Prolonged exposure to manganese, especially in drinking or shower water, has been known to cause intellectual impairments, childhood disorders, degenerative diseases, and more. A neurological disorder, manganism, is caused due to chronic exposure to manganese.

Asia-Pacific region is expected to be the largest market for global manganese due to rapid urbanization and many end-user industries' consequential presence. The growth here is also likely to be faster than that in other regions for the same reason. Large steel plants, the expanding automotive sector, and the growing construction sector influence the APAC’s domination.

The global manganese market is slightly consolidated. Major players in the market were found to be Anglo American, Assmang Proprietary Limited, Consolidated Minerals Limited, Sibelco, and Mesa Minerals Limited, among others.

Mining investment firm Menar’s first manganese asset, East Manganese, a ZAR 250 million project in the Northern Cape, South Africa, has been granted a mining right and water-use license in 2019. East Manganese, acquired by Sitatunga Resources, whose shares Menar holds, has a resource of about one-million tons of run-of-mine (RoM) ore and will produce about 30 000 tons per month of RoM manganese ore. Products will include both lumpy (85%) and fine material (15%) manganese.

The world’s largest producer of manganese ore, South32, said in October 2020 that the commodity's output rose 3.2% to 1.5 million wet metric tonnes (wmt) over the quarter as it's South Africa operations returned to full production, with COVID-19 restrictions in the country lifted. South32 is a South32 is a mining and metals company headquartered in Perth, Western Australia. It is a separate organization spun out of BHP Billiton (now called BHP)on 25 May 2015.

GlobalManganese Market report provides deep insights into the current and future state of the manganese market across various regions. The study comprehensively analyzes the manganese market by segmenting based on type (Manganese Alloys, Electrolytic Manganese Metals, Electrolytic Manganese Dioxide, and Others), Application (Industrial, Construction and Architectural, Power Storage and Electrical, and Others), and geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market'sgrowth, in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.