Press release
Manganese Carbonate Market is expected to reach US$ 384.4 million by 2031, growing with a CAGR of 4.5% - Airedale Chemical Company, American Elements., GFS Chemicals.
Global Manganese Carbonate Market reached US$ 270.6 million in 2022 and is expected to reach US$ 384.4 million by 2031, growing with a CAGR of 4.5% during the forecast period 2024-2031.Manganese Carbonate Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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Manganese carbonate (MnCO3) is a pinkish-brown inorganic compound primarily used as a precursor for manganese-based materials. It is widely applied in fertilizers, ceramics, pigments, and as a diet supplement in animal feed. In the chemical industry, it serves as a raw material for producing manganese dioxide and other manganese compounds. Its controlled release of manganese makes it an essential micronutrient for plant growth. The demand for manganese carbonate is driven by its role in agriculture, electronics, and battery technologies.
List of the Key Players in the Manganese Carbonate Market:
Loba Chemie Pvt Ltd, Airedale Chemical Company, American Elements., GFS Chemicals, Alfa Aesar, Noah Chemicals, ProChem, Inc., ChemUniverse, Inc., DPL-US and Materion Corporation.
Industry Development:
On June 26, 2023, General Motors Co. and Element 25 Limited expanded their partnership to supply up to 32,500 metric tons of manganese sulfate annually. This supply will support the production of more than 1 million GM electric vehicles (EVs) annually in North America.
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Growth Forecast Projected:
The Global Manganese Carbonate Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Manganese Carbonate Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Manganese Carbonate Market:
By Type: Industrial Grade, Non-Industrial Grade.
By Distribution Channel: Online, Offline.
By Application: Agrochemicals, Glaze Colorant, Chemical Intermediates, Paints & Coatings, Agriculture, Ceramics, Chemical Industry, Automotive, Others.
Regional Analysis for Manganese Carbonate Market:
The regional analysis of the Manganese Carbonate Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
âž¡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
âž¡ Top-down and bottom-up approach for regional analysis
âž¡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
âž¡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
âž What is the global sales, production, consumption, import, and export value of the Manganese Carbonate market?
âž Who are the leading manufacturers in the global Manganese Carbonate industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
âž What opportunities and challenges do vendors in the global Manganese Carbonate industry face?
âž Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
âž What are the key factors and limitations affecting the growth of the Manganese Carbonate market?
âž What are the various sales, marketing, and distribution channels in the global industry?
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