Manganese Mining Market Size Witnessed 4.43% YOY in 2020 | 77% Growth Projected from APAC | 17,000+ Technavio Research Reports

NEW YORK, March 21, 2022 /PRNewswire/ -- The "Manganese Mining Market by Application (alloys and others) and Geography (APAC, Europe, MEA, North America, and South America) - Forecast and Analysis 2020-2024" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the manganese mining market between 2019 and 2024 is 5385.13 K tons. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

Market Driver: The advances in manganese battery technology is notably driving the manganese mining market growth. Manganese and its derivative products are widely used in the production of various steel alloys. Manganese ferroalloys are widely consumed in the manufacturing of steel to provide them durability and strength. Manganese also provides resistance to steel from moisture and chemicals. Therefore, the rising demand for steel in modern architecture is expected to boost the growth of the global manganese mining market significantly during the forecast period.
Market Challenge: The problems associated with the procurement of manganese ore will be a major challenge for the manganese mining market during the forecast period. Constraints in terms of the availability, supply, and price of raw materials are expected to limit the growth of the global manganese mining market during the forecast period. Manganese ore is the major raw material used in the manufacturing of manganese. Manganese ore is processed to produce manganese metal and derivative products using hydrometallurgical and electrolytic processes. Manganese ore is one of the key mineral sources of manganese metal.

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Key Market Segment Highlights
The manganese mining market report is segmented by Application (alloys and others) and Geography (APAC, Europe, MEA, North America, and South America).

Alloys application segment held the largest share in 2019. The segment will continue to account for the largest share throughout the forecast period. The use of high-strength steel has been increasing due to the high strength properties of this steel both at room and high temperatures. This type of steel offers higher fatigue strength and added toughness to steel products. The consumption of high-strength steel is gaining traction in architectural, industrial, and consumer applications, thus, driving the growth of the segment
APAC will be the leading region with 77% of the market's growth during the forecast period. China, Japan, and India are the key markets for manganese mining in APAC. Market growth in this region will be faster than the growth of the market in other regions. The growing applications of manganese in industries, such as automotive and transportation and building and construction will facilitate the manganese mining market growth in APAC over the forecast period.

View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.

Some Companies Mentioned

African Rainbow Minerals Ltd.
Anglo American Plc
Assmang Proprietary Ltd.
Compania Minera Autlan SAB De CV
Consolidated Minerals Ltd.
Eramet SA
Gulf Manganese Corp. Ltd.
Manganese X Energy Corp.
South32 Ltd.
Vale SA

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Manganese Mining Market Scope
Report Coverage	Details
Page number	120
Base year	2019
Forecast period	2020-2024
Growth momentum & CAGR	Accelerate at a CAGR of almost 5%
Market growth 2020-2024	5385.13 K tons
Market structure	Fragmented
YoY growth (%)	4.43
Regional analysis	APAC, Europe, MEA, North America, and South America
Performing market contribution	APAC at 77%
Key consumer countries	China, Japan, and India
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	African Rainbow Minerals Ltd., Anglo American Plc, Assmang Proprietary Ltd., Compania Minera Autlan SAB De CV, Consolidated Minerals Ltd., Eramet SA, Gulf Manganese Corp. Ltd., Manganese X Energy Corp., South32 Ltd., and Vale SA
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

2.1 Preface
2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Value chain analysis
Market segmentation analysis

PART 04: MARKET SIZING

Market definition
Market sizing 2019
Market outlook
Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

Market segmentation by application
Comparison by application
Alloys - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 11: MARKET TRENDS

Increasing adoption of stainless steel
Adoption of sustainable and non-combustible energy sources
Excess steel production capacity

PART 12: VENDOR LANDSCAPE

Overview
Landscape disruption
Competitive scenario

PART 13: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors
African Rainbow Minerals Ltd.
Anglo American Plc
Assmang Proprietary Ltd.
Compania Minera Autlan SAB De CV
Consolidated Minerals Ltd.
Eramet SA
Gulf Manganese Corp. Ltd.
Manganese X Energy Corp.
South32 Ltd.
Vale SA

PART 14: APPENDIX

Research methodology
List of abbreviations
Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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