Manganese Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

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 (tons) for all the above segments.

Manganese Market Size

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Manganese Market Summary
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Study Period 2019 - 2029
Market Volume (2024) 23.24 Million tons
Market Volume (2029) 28.10 Million tons
CAGR (2024 - 2029) 3.87 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Manganese Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Manganese Market Analysis

The Manganese Market size is estimated at 23.24 Million tons in 2024, and is expected to reach 28.10 Million tons by 2029, growing at a CAGR of 3.87% during the forecast period (2024-2029).

During the pandemic scenario in 2020, 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 which is likely to increase the demand for the market in the coming years.

  • Over the short term, the increasing demand for manganese in lithium-ion battery production, owing to the rising demand for electric vehicles, is expected to drive the market's growth.
  • Conversely, unfavorable conditions arising from restrictive governmental policies and growing environmental concerns are expected to hinder market growth.
  • Nevertheless, the usage of manganese in batteries is likely to create lucrative growth opportunities for the global market.
  • The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Manganese Market Trends

Increasing Demand from Construction Sector

  • Manganese is used in steel, as it increases hardenability and tensile strength. Over 40% of the world's steel is used in the construction sector for building applications (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 the Evergrande crisis (the company has USD 300 billion of liabilities alone as of June 2021), and a full-fledged Chinese financial crisis and the effect of recession can't be ruled out.
  • In the 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 contribute to 13% of the GDP.
Manganese Market : Europe Construction Market, Revenue Share (%), Global, 2021

Asia Pacific to Dominate the Market

  • Asia Pacific has dominated the market globally, owing to increasing demand from countries such as China, India, and Japan.
  • With rapid urbanization, especially in developing countries, investments in new construction projects have been increasing over recent years. Asia Pacific has dominated the construction sector investments worldwide due to the growth in 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% of 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 increased by about 9.6% in 2021, as compared to the previous year. Furthermore, industrial production increased by 5.0% Y-o-Y in October 2022, following an increase of 6.3% Y-o-Y in the previous month, thereby stimulating the demand for the market studied.
Manganese Market : Growth Rate by Region, 2021-2026

Manganese Industry Overview

The manganese market is partially consolidated in nature. Some of the major players in the market (not in particular order) include Anglo American PLC, Assore Limited (Assmang Proprietary Limited), Ningxia Tianyuan Manganese Industry Group Co. Ltd, Mesa Minerals Limited, and Sibelco, among others.

Manganese Market Leaders

  1. Mesa Minerals Limited

  2. Assore Limited (Assmang Proprietary Limited)

  3. Sibelco

  4. Anglo American PLC

  5. Ningxia Tianyuan Manganese Industry Group Co. Ltd

*Disclaimer: Major Players sorted in no particular order

Manganese Market Concentration.jpg
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Manganese Market News

  • In August 2020, South32 Ltd. announced that it would sell its entire stake in the manganese alloy smelter, Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance and thereby enhancing the business of GFG Alliance.

Manganese Market Report - 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 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 Trends

    6. 4.6 Production Analysis

  5. 5. MARKET SEGMENTATION (Market Size in Volume)

    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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Manganese Industry Segmentation

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 (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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Manganese Market Research FAQs

The Manganese Market size is expected to reach 23.24 million tons in 2024 and grow at a CAGR of 3.87% to reach 28.10 million tons by 2029.

In 2024, the Manganese Market size is expected to reach 23.24 million tons.

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

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Manganese Market.

In 2023, the Manganese Market size was estimated at 22.37 million tons. The report covers the Manganese Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Manganese Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Manganese Industry Report

Statistics for the 2024 Manganese market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Manganese analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Manganese Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)