New York, NY -- (SBWIRE) -- 12/24/2020 -- The high demand for batteries, such as lithium-ion, zinc-carbon, and alkaline batteries from an array of end-use sectors, like electrical and automotive, is expected to drive the growth. The development of Lithiated Manganese Dioxide (LMD) battery is one of the most prominent advancements that the electrolytic manganese dioxide (EMD) market has registered. It has a mixture of manganese, lithium, and oxygen, and offers several advantages, such as high-power output, thermal stability, and improved safety, which increases its demand among the manufacturers producing electric vehicles.
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Market Drivers
The Global Electrolytic Manganese Dioxide Market size was valued at USD 1.34 billion in 2019 and is expected to expand at a CAGR of 7.2% during the forecast period to reach a valuation of USD 2.33 billion by 2027. The growth of the EMD market is expected to be affected positively by the rise in demand for portable devices. Batteries can withstand damage and fluctuations and provide electrical and electronic devices with a continuous power supply. The upsurge in the adoption of hybrid and electric cars, coupled with the government's incentives to encourage EV technology, is expected to fuel the growth of both the battery and electric car industries.
The key market players are Tosoh Corporation, Mesa Minerals Limited; Tronox Limited; Price International Corporation; American Manganese Inc.; Xiangtan Electrochemical Scientific Ltd.; Micromesh Minerals & Metals; Qingdao BassTech Co., Ltd.; and Metallics Mine-chem Pvt. Ltd.
Segments Covered in the Report
Application Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2027)
Batteries
Alkaline Batteries
Zinc-carbon Batteries
Li-ion Batteries
Water Treatment
Others
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Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2027)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Regional Outlook
North America accounted for around USD 565 million in 2019 and held the largest market share. Europe is expected to reach nearly USD 346 million by 2025 owing to the growing demand in EV and battery-operated electronic devices. Asia Pacific accounted for 34% of the EMD market share in 2019 and is anticipated to gain traction over the forecast period due to the surge in demand from battery application. Asia Pacific is the largest EMD producer globally because it has been witnessing a rise in the power storage systems coupled with the increasing automotive electronics industry.
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