Manganese is a brittle silvery white metal found in combination with iron. The physical and chemical properties of manganese are similar to that of iron. However, manganese is more brittle and harder.
Portland, OR -- (SBWIRE) -- 10/05/2017 -- The Manganese Market is expected to witness significant growth in the near future, owing to surge in demand for lithium-ion batteries. Moreover, increase in investments for infrastructure development projects, increase in automobile production, and rapid urbanization in emerging economies drive the market growth. The other supplementing factors of the manganese market are recovery in prices of both manganese ore and manganese ferroalloy, and emergence of new application markets. However, slowdown in steel consumption is expected to hamper the market growth.
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The global manganese market is segmented based on application, metallurgical application, end-user industry, and geography. Based on application, the market is divided into alloys and others. Based on metallurgical application, the market is categorized into high-carbon ferromanganese, refined ferromanganese, and silicomanganese. Based on end-user industry, the market is segmented into steel, batteries, and others. Based on geography, the market is analyzed into North America, Europe, Asia-Pacific, and LAMEA. Around 90% of the available manganese is used for steel production. Manganese is vital for the growth of plants and integration of nitrates in algae and green plants. However, excessive intake of manganese in animals and plant is detrimental for their growth.
The major players operating in the global market have adopted key strategies such as mergers, acquisitions, collaborations, and partnerships to strengthen their market outreach and sustain the stiff competition in the market.
Manganese Market Key Segments:
By Metallurgical Application
- High-Carbon Ferromanganese
- Refined Ferromanganese
- Silico manganese
By End-User Industry