Manganese

Global Manganese Market to Reach 39.3 Million Metric Tons by 2030

The global market for Manganese estimated at 28.7 Million Metric Tons in the year 2024, is expected to reach 39.3 Million Metric Tons by 2030, growing at a CAGR of 5.4% over the analysis period 2024-2030. SiMn, one of the segments analyzed in the report, is expected to record a 5.6% CAGR and reach 26.2 Million Metric Tons by the end of the analysis period. Growth in the FeMn segment is estimated at 4.5% CAGR over the analysis period.

The U.S. Market is Estimated at 7.5 Million Metric Tons While China is Forecast to Grow at 8.2% CAGR

The Manganese market in the U.S. is estimated at 7.5 Million Metric Tons in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of 8.8 Million Metric Tons by the year 2030 trailing a CAGR of 8.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.3% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.0% CAGR.

Manganese is a hard and brittle metal often found in combination with iron and other minerals. Manganese is crucial for steel production, serving as an essential alloying agent which enhances the steel`s strength, durability, and resistance to wear. Apart from its critical role in steelmaking, manganese is also used in the manufacture of aluminum alloys and is essential in the chemical reactions necessary for the production of batteries, particularly in the rapidly expanding sector of lithium-ion batteries used in electric vehicles (EVs). Manganese is widely use in the global steel industry. As urbanization and industrialization continue to advance, particularly in developing regions such as Asia and Africa, the demand for steel continues to rise. This demand directly influences the market for manganese, given its efficacy in improving the hardness and durability of steel. Furthermore, infrastructure projects worldwide, including the construction of skyscrapers, bridges, and railways, as well as increasing automotive production, necessitate robust steel supplies, thereby bolstering the demand for manganese.

Additionally, the battery industry represents a significant and growing market for manganese. The shift towards renewable energy and the increasing adoption of electric vehicles are driving the demand for high-efficiency batteries. Manganese is used in the cathodes of lithium-ion batteries, which are essential for EVs due to their ability to improve energy density and battery life. The ongoing development and improvement of battery technology to increase the driving range and reduce the cost of EVs continue to enhance manganese`s relevance in this sector. Moreover, as global efforts to reduce carbon emissions intensify, the push for greener technologies and the subsequent demand for manganese are expected to grow. The adoption of high-manganese cathode technologies in batteries is promising, driven by the benefits of supply security, cost, and environmental considerations.

Trends influencing the manganese market include technological advancements in mining and refining processes, which have increased efficiency and reduced environmental impacts. The development of more sustainable mining practices is crucial for meeting the growing demand while addressing environmental and social governance (ESG) concerns. Additionally, the potential for manganese recycling processes to evolve could create a more sustainable lifecycle for manganese, further aligning with global sustainability goals. As the market for manganese adjusts to these dynamics, its role in both traditional industries such as steel and burgeoning ones like battery production continues to expand, promising a robust future for this essential mineral.

SCOPE OF STUDY:

The report analyzes the Manganese market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Segment (SiMn, FeMn, Refined FeMn, Electrolytic Mn, Other Product Segments); End-Use (Steel, Batteries, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 77 Featured) -

• African Rainbow Minerals Limited
• Anglo American plc
• Assmang Proprietary Limited
• Compania Minera Autlan, S.A.B. De C.V.
• Consolidated Minerals Limited
• Eramet SA
• Gulf Manganese Corporation Limited
• Manganese Metal Company (Pty) Ltd.
• MaxTech Ventures Inc.
• MOIL Limited
• Ningxia Tianyuan Manganese Industry Co., Ltd.
• Nippon Denko Company Ltd.
• OM Holdings Limited
• South32 Limited
• Tosoh Corporation
• Tronox Limited
• Vale S.A

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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