Manganese Oxide Market

Manganese Oxide Market Synopsis

Manganese Oxide Market Size Was Valued at USD 1.60 Billion in 2023, and is Projected to Reach USD 3.04 Billion by 2032, Growing at a CAGR of 7.40 % From 2024-2032.

The Manganese Oxide Market is defined as the business segment, which creates and consumes manganese oxide materials, particularly Manganese (IV) Oxide (MnO2), Electrolytic Manganese Dioxide (EMD), and Chemical Manganese Dioxide (CMD). These compounds are used to make batteries, pigments, water treatment, animal feeds and are used in the manufacture of steel and alloys. There is an important current position in the context of essential sectors, particularly in connection with battery storage for electric cars as well as portable electronic devices: manganese oxide.

As part of the chemical industry, the Manganese Oxide Market is rapidly expanding, facilitated by the rising demand from battery applications, especially in the rechargeable batteries used in electric vehicles and consumer electronics applications. The factors affecting the market include Increase in renewable energy sources, buoyant growth of the automotive industry as a key influential factor. Manganese oxide especially Electrolytic Manganese Dioxide (EMD) has a significant role to play in optimizing battery characteristics and thus contributes to the growth of the market.

On a geographic basis, The Asia Pacific discipline has the largest share of the Manganese Oxide Market due to existence of significant producers in China and India. Presence of surging automotive and electronics industries and the higher interest in electrically operated vehicles is boosting the market position in this area. North America and Europe regions also have a greater share in the market, due to the technology and shifting towards renewable energy solutions.

Manganese Oxide Market Outlook, 2023 and 2032: Future Outlook

Manganese Oxide Market Trend Analysis

Powering the Future, Key Trends Shaping the Manganese Oxide Market

One of the biggest trends that can be seen in the Manganese Oxide Market is the exponential rise in demand for manganese oxide to be used in lithium-ion batteries, particularly in electric vehicles. With the growing trend of electric vehicles, this has always led to the increasing need to produce high-quality high-performance battery materials. Electrolytic manganese dioxide has become popular over recent past because it is highly reliable electric and re-chargeable battery.

equally, there is a growing interest to create efficient and environmentally sound processes for manganese oxide production. As the public’s awareness of the environment rises, organizations are using environmentally sustainable means to synthesize MnO in their operations. This they believe will create a shift in the market change as industries seek for the environmentally friendly solutions that meet their efficiency demands.

Accelerating Demand, Drivers Fueling Manganese Oxide Growth

The major trends that will have a major impact on the Manganese Oxide Market are as follows: The global electric vehicle market is rapidly growing, and this will pull up the demand for the Manganese Oxide Market. With the increasing number of automobile companies moving towards electric cars, the lithium-ion batteries such as high-performance manganese oxide battery have behooved their demand. Its functional use in enhancing lithium-ion battery capacity and energy density is therefore driving the manganese oxide market.

Besides the growing desire for wireless data connectivity, another driver is unfolding through portable electronic gadgets like handsets, notebooks, tablets among others. ; All these devices use rechargeable batteries, and so they need good quality manganese oxide for the batteries to work efficiently. Consumer electronics are on the rise and the increasing use of renewable energy sources in the global market is also projected to fuel the market’s growth.

Barriers to Growth, Challenges Facing the Manganese Oxide Market

However, the global demand for Manganese Oxide is on the rise, the market has some issues such as manganese ore price fluctuation. One of the drawbacks of the manganese oxide production is the highly volatile nature of the material cost, which highly dictates production costs. This is an essential element of product development since excessive expenses affect the potential profitability of organizations and hinder the growth of the market.

A second control is the ecological cost that is normally incurred in the extraction and purification of manganese. Manganese production and processing cause pollution and lead to a deterioration of the environment if controlled inadequately. This has culminated in growing pressures and legal risks likely to slow the market if sustainable strategies are not embraced.

Unlocking Potential, Opportunities in the Expanding Manganese Oxide Market

A major driver in the Manganese Oxide Market exists in the advancement of higher battery technologies. High demand for next generation large format batteries in renewable energy storage and electric vehicles creates the best opportunity for manganese oxide producers with high capacity and durability. Large scale manufacturers that have made research and development investments for enhanced manganese oxide formulations for next-gen batteries will be the key players entering this growth domain.

Another opportunity is associated with the consumption of manganese oxide in various applications apart from battery production. The increasing application of manganese oxide in water treatment chemicals, pigments, and animal feed offer differentiation in revenue sources for the market participants. While the importance of manganese oxide is forever being demanded across industries, its application expands, manganese oxide will be able to find its potential market with new applications.

Manganese Oxide Market Segment Analysis

Manganese Oxide Market Segmented on the basis of By Type, By Application and By End-User Industry.

By Type

o   Electrolytic Manganese Dioxide (EMD)

o   Chemical Manganese Dioxide (CMD)

o   Manganese (IV) Oxide

o   Manganese (III) Oxide

By Application

o   Batteries (Primary, Rechargeable)

o   Pigments

o   Animal Feed

o   Water Treatment

o   Chemical Synthesis

o   Steel & Alloy Production

By End User

o   Automotive

o   Electronics

o   Chemical

o   Construction

o   Agriculture

o   Metallurgical

By Region

o   North America (U.S., Canada, Mexico)

o   Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

o   Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

o   Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)

o   Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

o   South America (Brazil, Argentina, Rest of SA)

By Type, Electrolytic Manganese Dioxide (EMD) segment is expected to dominate the market during the forecast period

In terms of types, Manganese Oxide Market has been categorized into Electrolytic Manganese Dioxide (EMD), Chemical Manganese Dioxide (CMD), Manganese (IV) Oxide, Manganese (III) Oxide. The most utilized type of manganese product is EMD, which finds its primary application in battery technology, with special emphasis on lithium-ion batteries for electric vehicles. CMD is used in many chemical processes as well as in industries. The usage of Manganese (IV) Oxide includes mostly water treatment, pigment production; and Manganese (III) Oxide is employed in certain chemical reactions, processes in which the necessity of the specific type of oxidation is needed.

By Application, Batteries segment expected to held the largest share 

The Manganese Oxide Market can be segmented as follows: Batteries (Primary, and Rechargeable), Pigments, Animal feed, Water treatment, Chemical synthesis, and Steel and Alloy production. Electrical vehicles and consumer electronics are the largest subsegment of battery, and it is being driven by the increasing adoption of electric vehicles. Manganese oxide is also needed to make pigments mainly for the ceramics and glass manufacturing. It supports the process of water treatment removing unwanted substances and in chemical synthesis as well as animal feed it has functional characteristics. The industries of steel and alloys application utilize manganese oxide in boosting the strength of their products.

Manganese Oxide Market Regional Insights

Asia pacific is Expected to Dominate the Market Over the Forecast period

As per the study completed by Data Bridge Market Research for the Manganese Oxide Market across the globe, Asia Pacific is found to be the largest market, followed by North America and Europe. Manganese oxide applications have been boosted by high demand for electric vehicles and high industrialization and consumer product demand in the region. The battery materials of manganese oxide is an area where China is among the leading producers and consumers of manganese oxide. Buoyed with this growth, the automotive industry in Asia Pacific region has also been instrumental to the rising demand for high quality manganese oxide.

The consumption of manganese oxide will go up drastically in Asia Pacific owing to the development of electrical vehicles, and the move towards sustainability in energy. Also, with an increasing trend in urbanization and industrialization in countries such as India, there are likely to be higher demand for manganese oxide in steel making, as a water treatment agent and in chemical manufacturing.

Manganese Oxide Market Share, by Geography, 2023 (%)

Active Key Players in the Manganese Oxide Market

o   BASF SE (Germany)

o   CITIC Dameng Mining Industries Ltd. (China)

o   ERACHEM Comilog (USA)

o   Hunan Shanlian Manganese Industry Co., Ltd. (China)

o   Kemira Oyj (Finland)

o   OM Holdings Ltd. (Singapore)

o   South32 (Australia)

o   Sumitomo Corporation (Japan)

o   Tronox Holdings plc (USA)

o   Vallee S.A. (Brazil)

o   Other key Players

Global Manganese Oxide Market Scope