Ferro Manganese Market Report 2026

The ferro manganese market size has grown strongly in recent years. It will grow from $17.26 billion in 2025 to $18.14 billion in 2026 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to growth of steel production, increasing demand from metallurgy industry, adoption in cast iron and carbon steel manufacturing, rising chemical industry applications, development of high-carbon and medium-carbon feMn.

The ferro manganese market size is expected to see strong growth in the next few years. It will grow to $22.48 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing alloy steel production, growth of stainless steel industry, rising demand in welding applications, expansion of global distribution networks, adoption in emerging markets for construction and infrastructure. Major trends in the forecast period include rising demand for high-quality steel production, adoption of advanced metallurgical processes, focus on eco-friendly and low-emission manufacturing, increased use of ferro manganese in alloying and casting, expansion of distribution channels and direct sales models.

The rising demand for stainless steel is anticipated to drive the growth of the ferro-manganese market in the future. Stainless steel is an alloy characterized by its corrosion resistance, containing at least 10.5% chromium. Ferro-manganese is primarily used in the production of silicon manganese for flattened steel, titanium-rich steel, and stainless-steel products. As the demand for stainless steel grows across various sectors, including construction, automotive, and consumer goods, the ferro-manganese market is expected to expand. For example, the World Steel Association, a non-profit organization based in Belgium, reported in April 2024 that global steel demand is projected to increase by 1.7% in 2024, reaching 1.79 billion tonnes, with further growth forecasted at 1.2% in 2025, bringing demand to 1.81 billion tonnes. Thus, the increasing need for stainless steel is a key factor driving the growth of the ferro-manganese market.

Leading companies in the ferro manganese market are concentrating on developing low-carbon manganese alloy solutions to promote sustainability and help steelmakers meet decarbonization goals. Low-carbon manganese alloys are manufactured using decarbonized electricity and optimized production processes, which significantly reduce greenhouse gas emissions while maintaining the performance standards required for steelmaking. For example, in February 2025, Eramet S.A., a France-based mining and metallurgical company, introduced its eraLow brand of low-carbon manganese alloys. The eraLow range achieves a carbon footprint below 1.9 tons of CO₂ per ton of alloy by leveraging decarbonized energy in Norway and France alongside highly efficient production operations. The products include third-party-verified carbon intensity assurance and are tracked through Eramet’s eraTrace blockchain platform, providing full value chain transparency while assisting steel producers in lowering their overall environmental impact.

In June 2025, Khwelamet Pty Ltd, a South Africa-based company specializing in manganese alloy smelting and ferroalloy production, acquired the Metalloys manganese alloy smelter complex for an undisclosed sum. Through this acquisition, Khwelamet aims to strengthen South Africa’s ferromanganese output by refurbishing and gradually restarting the smelter’s production capacity, supporting local industrialization while leveraging its manganese supply chain and operational expertise. Metalloys is a South Africa-based producer of ferromanganese and other manganese alloy products essential to the steelmaking industry.

Major companies operating in the ferro manganese market report are Tata Steel Limited, Vale SA, Eramet Group, Eurasian Resources Group Sàrl, Ferroglobe plc, Compania Minera Autlan S.A.B. De C.V., Anglo American plc, Consolidated Minerals Limited., MOIL Limited., Maithan Alloys Limited., Mizushima Ferroalloy Co. Ltd., Glencore plc, JFE Mineral & Alloy Company, Maringa Ferro-liga S.A., Monnet Group, Gulf Manganese Corporation Limited, China Minmetals Group Co. Ltd, Indian Metals and Ferro Alloys Limited, Sheng Yan Group, Rohit Ferro-Tech Limited, Shyam Ferro Alloys Limited, Visa Steel Limited, Adhunik Metaliks Limited, Shree Bajrang Alloys Limited, Sarda Energy & Minerals Limited, Ehui Group Co. Ltd.

Asia-Pacific was the largest region in the ferro manganese market in 2025. The regions covered in the ferro manganese market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ferro manganese market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The ferro manganese market consists of sales of ferro silicon, silico manganese, ferro chrome, and ferro manganese. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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