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Electrolytic Manganese Dioxide Market - Detailed Qualitative Analysis, Factors Details, Competitors and Opportunities by 2023
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Based on application, battery was the largest segment in the global electrolytic manganese dioxide market, in terms of volume, in 2015, on account of rapidly growing demand for batteries in the electric vehicles industry in North America.
Additionally, the rising demand for batteries in emerging countries such as China and India is expected to further spur the growth of global electrolytic manganese dioxide market, over the forecast period.
Alkaline batteries have the highest market penetration globally, on account of their long-lasting performance; increasing consumption in U.S., U.K. and Switzerland; and growing applications in electronic products such as remote controls, clocks and radios.
Geographically, North America has been the largest electrolytic manganese dioxide market, in terms of value, followed by Asia-Pacific. The major factors driving the growth of the North American market are the growing primary and secondary battery demand, particularly for electric vehicles in the region.
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The global market for electrolytic manganese dioxide is highly fragmented in nature, with companies like Xiangtan Electrochemical Scientific Ltd., ERACHEM Comilog, Tosoh Corporation, Delta EMD Ltd. and Cegasa, Tronox Ltd. operating in the same.
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