Manganese Market to Witness Fastest Growth by 2023 : Allied Market Research

Manganese is a brittle, white metal found in association with iron. The physical and chemical properties of manganese are similar to iron. However, manganese is more fragile and harder. Approximately 90% of the available manganese is used for steel production. Manganese is essential for the growth of plants and incorporates nitrates into algae and green plants. However, ingesting excess manganese from animals and plants can be detrimental to growth.

The industry is expected to see significant growth in the near future due to a surge in demand for lithium-ion batteries. In addition, investment in infrastructure development projects, increased automobile production, rapid urbanization of emerging economies. Another complementary factor in the manganese market is the recovery in the prices of manganese ore and manganese ferroalloys and the emergence of new application markets. However, slowing steel consumption is expected to hamper market growth.

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Global manganese markets are categorized by application area, metal application area, end user industry and geography. Depending on the application, the market is divided into alloys and others. Depending on the metallurgical use, the market is divided into high carbon iron manganese, refined iron manganese, and silicon manganese. The market based on end-user industry is divided into steel, battery and other sectors. Depending on the region, markets are analyzed in North America, Europe, Asia Pacific and LAMEA.

Key players in the global marketplace adopt major strategies such as mergers, acquisitions, partnerships and partnerships to strengthen market relief and maintain intense competition in the market.

Key Market Players:

• Anglo American Plc
• Assmang Proprietary Ltd.
• Carus Corporation
• Compania Minera Autlan
• Consolidated Minerals Limited
• Mesa Minerals Limited
• MOIL Limited
• Nippon Denko Company Ltd.
• S.A.B De C.V.
• ERACHEM Comilog, Inc.

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Key Benefits:

• This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2016 to 2023 to assist in identifying the prevailing market opportunities.
• The major countries in each region have been mapped based on their market revenues.
• This study evaluates the competitive landscape to understand the competitive environment across geographies.
• An in-depth analysis of each segment of the global manganese market is provided in the report.

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