Pune, India -- (SBWIRE) -- 03/21/2019 -- The Manganese Market's segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR's report also covers drivers and restraints in the manganese market.

Infinium Global Research's report covers the annual growth of the Global manganese market. It also includes chapters on the Global manganese industry trends, geographic analysis, and competitive landscape.

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The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.

Manganese Market: Industry Insight

Manganese is a chemical element, one of silvery white, hard, brittle metal. It is frequently found in mineral in combination with iron. Its chemical and physical properties are similar to the iron. However, manganese is harder and more brittle. Manganese is mainly used manufacturing of steel. It increases the strength and also improve workability and reduces the brittleness of steel.

Manganese Market: Market Insight

Manganese is a critical element, particularly used in steel. It increases the strength and flexibility of steel. Steel is widely used for the chassis component and body structures. Manganese is the key material in the manufacturing of automotive vehicles. Thus, the high adaption of manganese in the automotive and steel industry are driving the growth of manganese market worldwide. In addition, the growing demand for lithium-ion batteries is contributing to the growth of the manganese market. On the other hand, fluctuation in raw material prices could be restraining the growth of the manganese market. Moreover, the growing infrastructure developments are projected to create several opportunities in the manganese market.

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Manganese Market: Segmentation

On the basis of types, the market is categories into alloys, electrolytic manganese metals, electrolytic manganese dioxide, and others. Electrolytic manganese dioxide is a key component of the cathode material in modern alkaline, lithium, and sodium batteries. The growing use of electrolytic manganese dioxide in the formation of lithium-ion batteries are driving the growth of electrolytic manganese dioxide in the manganese market.

On the basis of end-user industry, the sub-markets include industrial, construction, power storage and electricity, and others. Among these applications, industrial and construction are holding a significant market share in the manganese market. Rapidly growing industrialization in the emerging countries creates a huge demand for manganese that likely to contribute to the growth of this market.

Manganese Market: Regional Insight

Regionally, Asia Pacific holds the maximum market share in the manganese market. It expected to be the dominating region through the forecast period. China is the key player in the Asia Pacific manganese market. In addition, the expansion of constriction industry in Asian countries such as China, India favors the growth of the Asia Pacific manganese market. North America and Europe hold a considerable share in the manganese market due to the high consumption of steels across varied industry verticals.

Manganese Market: Competitive Analysis

The key companies in the manganese market include Anglo American, Assore Limited (Assore), BHP, ASSMANG PROPRIETARY LTD., Consolidated Minerals Limited., Autlán, Carus Group Inc., Jupiter Mines Limited, NIPPON DENKO CO., LTD, and Eramet.

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