Manganese Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Global Manganese Market is Segmented by Application (Alloys, Electrolytic Manganese Dioxide, Electrolytic Manganese Metals, and Other Applications), End-use Sector (Industrial, Construction, Power Storage and Electricity, and Other End-use Sectors), and Geography (Asia Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for Manganese in volume (kilo tons) for all the above segments.

Market Snapshot

Manganese Market Size
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %
Manganese Market Key players

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Market Overview

The global manganese market is projected to register a CAGR of over 4.19% during the forecast period (2022-2027).

During the pandemic scenario, the construction activities were temporarily stopped during the government-imposed lockdown to curb the spread of new COVID-19 cases, which decreased the demand for steel from the construction industry. However, considering the post-pandemic scenario, the construction industry is picking up the pace and is expected to increase the demand for the market studied in the coming years.

  • Over the short term, the increasing demand for manganese in lithium-ion batteries production, owing to the rising demand for electric vehicles, is expected to drive the market's growth.
  • On the flip side, unfavorable conditions arising due to the impact of COVID-19 are expected to hinder the market growth.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period (2022-2027).

Scope of the Report

The manganese market is segmented by application, end-use sector, and geography. By application, the market is segmented into alloys, electrolytic manganese dioxide, electrolytic manganese metals, and other applications. By end-use sector, the market is segmented into Industrial, Construction, Power Storage and Electricity, and Other End-use Sectors. The report also covers the market size and forecasts for the manganese market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kilo tons).

By Application
Electrolytic Manganese Dioxide
Electrolytic Manganese Metals
Other Applications
By End-use Sector
Power Storage and Electricity
Other End-use Sectors
By Geography
Asia Pacific
South Korea
Rest of Asia Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand from Construction Sector

  • Manganese is used in steel, as it increases the hardenability and tensile strength. Over 40% of the world’s produced steel is used in the construction sector, for applications in buildings (structural sections, reinforcing bars, sheet products, non-structural steel, and others), infrastructure, and transportation.
  • Manganese also acts as a mild oxidizing agent. Steels are also used in offshore oil rigs, bridges, civil engineering and construction machines, pressure vessels, power plants, and hydroelectric plants.
  • The global construction industry is estimated to be about USD 12.9 trillion by 2030, primarily driven by countries, such as India, China, and the United States. ​
  • China's construction industry looks shaky as the country is dealing with Evergrande crisis (the company has USD 300 billion of liabilities alone as of June 2021) and a full-fledged Chinese financial crisis and a recession can’t be ruled out. ​
  • In United States, President Biden introduced a USD 2 trillion plan in 2021 to overhaul and upgrade the nation’s infrastructure, into a greener industry. 
  • By 2025, the Indian construction market output is expected to grow on average by 7.1% each year. Additionally, the real estate industry in India is expected to reach USD 1 Trillion by 2030 and contributes to 13% of GDP
  • Therefore, the factors mentioned above are expected to show a significant impact on the manganese market in the coming years.
Manganese Market Trends

Asia Pacific to Dominate the Market

  • Asia Pacific has dominated the market, globally, owing to the increasing demand from the countries, such as China, India, and Japan.
  • With rapid urbanization, especially in developing countries, investments for new construction projects have been increasing over the recent years. Asia Pacific has dominated the construction sector investments, worldwide, due to the growth in the investments in China, India, Japan, and ASEAN countries.
  • Increasing infrastructure construction activities and the entry of major players from the European Union into the lucrative market of China have further fueled the industry’s expansion.
  • The construction industry in India contributes about 9% towards the country’s GDP. 100% Foreign direct investment in the construction industry in India under automatic route is permitted in completed projects for operations and management of townships, malls/shopping complexes, and business constructions. This is expected to boost the industry in the forecast period.
  • According to the National Bureau of Statistics of China, Chinese industrial production was increased by about 2.4% in 2020, as compared to the previous year. Furthermore, the industrial production was increased by 7.3% Y-o-Y in December 2020, following an increase of 7% Y-o-Y in the previous month, thereby, stimulated the demand for the market studied.
  • Therefore, the factors mentioned above are expected to show a significant impact on the manganese market in the coming years.
Manganese Market Outlook

Competitive Landscape

The manganese market is partially consolidated in nature. Some of the major players in the market include Anglo American PLC, Assore Limited (Assmang Proprietary Limited), Ningxia Tianyuan Manganese Industry Group Co. Ltd, Mesa Minerals Limited, and Sibelco, among others.

Recent Developments

  • In August 2020, South32 Ltd announced to sell its entire stake in manganese alloy smelter, Tasmanian Electro Metallurgical Company (TEMCO), to UK-based conglomerate GFG Alliance, thereby, has enhanced the business of GFG Alliance's business.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand of Electric Vehicles

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Unfavorable Conditions Arising due to the Impact of COVID-19

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Intensity of Competitive Rivalry

    5. 4.5 Price Trend Analysis

    6. 4.6 Production Analysis


    1. 5.1 By Application

      1. 5.1.1 Alloys

      2. 5.1.2 Electrolytic Manganese Dioxide

      3. 5.1.3 Electrolytic Manganese Metals

      4. 5.1.4 Other Applications

    2. 5.2 By End-use Sector

      1. 5.2.1 Industrial

      2. 5.2.2 Construction

      3. 5.2.3 Power Storage and Electricity

      4. 5.2.4 Other End-use Sectors

    3. 5.3 By Geography

      1. 5.3.1 Asia Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share(%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Anglo American PLC

      2. 6.4.2 Assore Limited (Assmang Proprietary Limited)

      3. 6.4.3 BHP

      4. 6.4.4 Carus Group Inc.

      5. 6.4.5 Eramet

      6. 6.4.6 Jupiter Mines Limited

      7. 6.4.7 Mesa Minerals Limited

      8. 6.4.8 MOIL LIMITED

      9. 6.4.9 Ningxia Tianyuan Manganese Industry Group Co. Ltd

      10. 6.4.10 NIPPON DENKO CO. LTD

      11. 6.4.11 Sibelco

      12. 6.4.12 Tata Steel

      13. 6.4.13 Vale

    5. *List Not Exhaustive

    1. 7.1 Future Use of Manganese in Electrical Batteries

**Subject to Availability

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Frequently Asked Questions

The Manganese Market market is studied from 2017 - 2027.

The Manganese Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

Mesa Minerals Limited, Assore Limited (Assmang Proprietary Limited), Sibelco, Anglo American PLC, Ningxia Tianyuan Manganese Industry Group Co. Ltd are the major companies operating in Manganese Market.

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