Manganese Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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 metric tons) for all the above segments.

Market Snapshot

Manganese Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %

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Market Overview

The global manganese market is projected to register a CAGR of over 4% during the forecast period (2021-2026).

The market was negatively impacted by COVID-19 in 2020. Manganese is used for the removal of sulfur and oxygen from iron ore during iron production. It is also used to convert iron into steel. As an alloy, it decreases the brittleness of steel and imparts strength. Steel finds its major application in the construction industry. 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 market growth.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Scope of the Report

Manganese is a silvery-white to the grey, hard, brittle chemical transition metal with the symbol Mn. It is mainly derived from pyrolusite (MnO2), psilomelane, romanechite, and other ores. Manganese is not found in nature as a free element. 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 metric 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.
  • Rapid urbanization has augmented the need for new residential construction, buildings, and railways. In the construction sector, steel is used in the form of sections, plates, and bars. It is easily available, affordable, and imparts various properties, such as strength, versatility, and durability.
  • The global construction industry is expected to reach USD 8 trillion by 2030, primarily driven by countries, such as India, China, and the United States. ​
  • China is amid a construction mega-boom. The country has the largest building market in the world, making up 20% of all construction investment globally. The country alone is expected to spend nearly USD 13 trillion on buildings by 2030. ​
  • In 2019, the total value of new construction put in place was about USD 1,365 billion in the United States and reached about USD 1,430 billion in 2020, with a growth rate of about 4.5%.
  • In 2019, the total residential and non-residential construction was valued at about USD 178 billion in Canada and reached about USD 174.5 billion in 2020, with a decline rate of about 2%.
  • Therefore, the factors mentioned above are expected to show a significant impact on the manganese market in the coming years.
Manganese Market - Segmentation

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.
  • In 2020, the Chinese construction industry was valued at about USD 1,049.2 billion and is estimated to reach about USD 1,117.4 billion by 2021, with a growth rate of about 6.5%.
  • In India, Foreign Direct Investment (FDI) received in the construction development sector (townships, housing, built-up infrastructure, and construction development projects) from April 2000 to December 2019 stood at USD 25.37 billion, according to the Department for Promotion of Industry and Internal Trade (DPIIT). ​
  • The total new construction in Japan was accounted for about 127.55 million sq. m in 2019 and reached about 113.74 million sq. m in 2020, with a decline rate of about 10.5%.
  • 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 - Regional Trend

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


    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 Analysis**/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 Autlán

      4. 6.4.4 BHP

      5. 6.4.5 Carus Group Inc.

      6. 6.4.6 Eramet

      7. 6.4.7 Jupiter Mines Limited

      8. 6.4.8 Mesa Minerals Limited

      9. 6.4.9 MOIL LIMITED

      10. 6.4.10 Ningxia Tianyuan Manganese Industry Group Co. Ltd

      11. 6.4.11 NIPPON DENKO CO. LTD

      12. 6.4.12 Sibelco

      13. 6.4.13 Tata Steel

      14. 6.4.14 Vale

    5. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The Manganese Market market is studied from 2016 - 2026.

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 2020.

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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