Global Manganese Mining Market was valued at US$ XX Mn in 2017, and is expected to reach US$ XX Mn by 2026, at a CAGR of XX % during forecast period.
Global Manganese Mining Market
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding manganese mining market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in global manganese mining market.
Manganese is a hard, brittle, silvery metal. Manganese is one of the most abundant metals found in the crust of the earth. When manganese is in pure form, manganese is reactive and as a powder will burn in oxygen. It reacts with water (rusting similarly to iron) and dissolves in dilute acids. Manganese isn’t found in its pure form in nature and is usually found combined with oxygen.
Manganese is the key element to manufacture any type of steel. Increasing the consumption of steel is expected to be the key factor behind the growth of the global manganese mining market. Further, increasing demand for manganese from the automobile and construction industries will boost the market growth during the forecast period.
Based on the product Type, The pyrolusite (manganese dioxide) segment accounted for the largest market shares, in 2017, and it is expected to lead the manganese mining market during the forecast period. Pyrolusite is one of the furthermost important ores of manganese. It is also a component of the production of steel and was once used for the manufacture of batteries. It is also used in the preparation of chlorine, and as an agent in colouring and dyes.
Based on the application, the alloys segment is expected to occupy the top position in the global manganese mining market. It is significant that more than 90% of the manganese production worldwide goes to producing steel. Rapid industrialization and urbanization are impelling the demand for steel which in turn, is increasing the consumption of manganese in steel production. These factors are anticipated to exponentially increase the demand for manganese for alloy industry.
Geographically, the Middle East and Africa dominated the manganese mining market. The Middle East and Africa were followed by the Asia Pacific and North America as the second and third largest market for manganese mining. The Asia Pacific is projected to have the fastest growth, owing to rapidly increasing steel production and increasing demand for alkaline batteries in developing nations such as China and India in this region. Amongst all major applications steel production is expected to witness the highest growth during the period of study.
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Scope of the Global Manganese Mining Market
Global Manganese Mining Market, By Surface Type
• Over the surface
• Under the Surface
Global Manganese Mining Market, By Product Type
• Braunite
• Pyrolusite
• Psilomelane
• Rhodochrosite
Global Manganese Mining Market, By Application
• Alloys
• Electrolytic manganese metals (EMM)
• Electrolytic manganese dioxides (EMD)
• Others
Global Manganese Mining Market, by Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Key Players operating in the Global Manganese Mining Market
• Assmang
• BHP
• Consolidated Minerals
• Eramet
• Vale
• MOIL
• Sibelco
• Tata Steel
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