The global Electrolytic Manganese market size is forecast to reach US$1.9 billion by 2027, after growing at a CAGR of 6.4% during 2022-2027. Electrolytic manganese is mainly known for its deoxidation and desulfurization in steelmaking using metalloproteins and for making additions to various transition metal alloys that require manganese. It can also be alloyed with other metals such as aluminium alloys, antimony, or copper to form highly ferromagnetic materials. According to World Steel Production, the total production of crude steel in December 2021 for the 64 countries reporting to the World Steel Association was around 158.7 million tonnes (MT). The rise in steel production will eventually boost the demand for the electrolytic manganese market. However, due to covid 19 pandemic, the market has declined in 2020 owing to the shutdown of the manufacturing facilities to reduce the spread of the virus. But the market is expected to follow an increasing trend due to the growing consumption from the various end-use sector. Therefore, the rise in the production of alloys such as steel, copper, and others will increase the demand for the electrolytic manganese market during the forecast period.
The report : “Global Electrolytic Manganese Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the electrolytic manganese industry.
By Purity : 99.7%, 99.9%, and Others
By Form : Powder, Flakes, Lumps, and Briquettes
By Application : Aluminum Alloy, Steel Alloy, Copper Alloy, Magnetic Material, Additives
and Others
By End-Use Industry : Transportation (Automotive, Aerospace, Marine, Railways), Building & Construction (Residential Construction, Commercial Construction, Infrastructure, and others) Electric & Electronics, Food & Beverages, Metallurgy, Industrial, Chemical, Energy, Oil & Gas, and Others
By Geography : North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), and Rest of the World: The Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)