The global market for Manganese was estimated at 28.7 Million Metric Tons in 2024 and is projected to reach 39.3 Million Metric Tons by 2030, growing at a CAGR of 5.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Manganese market.Manganese is a hard and brittle metal often found in combination with iron and other minerals. Manganese is crucial for steel production, serving as an essential alloying agent which enhances the steel`s strength, durability, and resistance to wear. Apart from its critical role in steelmaking, manganese is also used in the manufacture of aluminum alloys and is essential in the chemical reactions necessary for the production of batteries, particularly in the rapidly expanding sector of lithium-ion batteries used in electric vehicles (EVs). Manganese is widely use in the global steel industry. As urbanization and industrialization continue to advance, particularly in developing regions such as Asia and Africa, the demand for steel continues to rise. This demand directly influences the market for manganese, given its efficacy in improving the hardness and durability of steel. Furthermore, infrastructure projects worldwide, including the construction of skyscrapers, bridges, and railways, as well as increasing automotive production, necessitate robust steel supplies, thereby bolstering the demand for manganese.
Additionally, the battery industry represents a significant and growing market for manganese. The shift towards renewable energy and the increasing adoption of electric vehicles are driving the demand for high-efficiency batteries. Manganese is used in the cathodes of lithium-ion batteries, which are essential for EVs due to their ability to improve energy density and battery life. The ongoing development and improvement of battery technology to increase the driving range and reduce the cost of EVs continue to enhance manganese`s relevance in this sector. Moreover, as global efforts to reduce carbon emissions intensify, the push for greener technologies and the subsequent demand for manganese are expected to grow. The adoption of high-manganese cathode technologies in batteries is promising, driven by the benefits of supply security, cost, and environmental considerations.
Trends influencing the manganese market include technological advancements in mining and refining processes, which have increased efficiency and reduced environmental impacts. The development of more sustainable mining practices is crucial for meeting the growing demand while addressing environmental and social governance (ESG) concerns. Additionally, the potential for manganese recycling processes to evolve could create a more sustainable lifecycle for manganese, further aligning with global sustainability goals. As the market for manganese adjusts to these dynamics, its role in both traditional industries such as steel and burgeoning ones like battery production continues to expand, promising a robust future for this essential mineral.
Additionally, the battery industry represents a significant and growing market for manganese. The shift towards renewable energy and the increasing adoption of electric vehicles are driving the demand for high-efficiency batteries. Manganese is used in the cathodes of lithium-ion batteries, which are essential for EVs due to their ability to improve energy density and battery life. The ongoing development and improvement of battery technology to increase the driving range and reduce the cost of EVs continue to enhance manganese`s relevance in this sector. Moreover, as global efforts to reduce carbon emissions intensify, the push for greener technologies and the subsequent demand for manganese are expected to grow. The adoption of high-manganese cathode technologies in batteries is promising, driven by the benefits of supply security, cost, and environmental considerations.
Trends influencing the manganese market include technological advancements in mining and refining processes, which have increased efficiency and reduced environmental impacts. The development of more sustainable mining practices is crucial for meeting the growing demand while addressing environmental and social governance (ESG) concerns. Additionally, the potential for manganese recycling processes to evolve could create a more sustainable lifecycle for manganese, further aligning with global sustainability goals. As the market for manganese adjusts to these dynamics, its role in both traditional industries such as steel and burgeoning ones like battery production continues to expand, promising a robust future for this essential mineral.
SCOPE OF STUDY:
The report analyzes the Manganese market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Product Segment (SiMn, FeMn, Refined FeMn, Electrolytic Mn, Other Product Segments); End-Use (Steel, Batteries, Other End-Uses)
- Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the SiMn segment, which is expected to reach 26.2 Million Metric Tons by 2030 with a CAGR of a 5.6%. The FeMn segment is also set to grow at 4.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at 7.5 Million Metric Tons in 2024, and China, forecasted to grow at an impressive 8.2% CAGR to reach 8.8 Million Metric Tons by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Manganese Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Manganese Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Manganese Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as African Rainbow Minerals Limited, Anglo American plc, Assmang Proprietary Limited, Compania Minera Autlan, S.A.B. De C.V., Consolidated Minerals Limited and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 77 companies featured in this Manganese market report include:
- African Rainbow Minerals Limited
- Anglo American plc
- Assmang Proprietary Limited
- Compania Minera Autlan, S.A.B. De C.V.
- Consolidated Minerals Limited
- Eramet SA
- Gulf Manganese Corporation Limited
- Manganese Metal Company (Pty) Ltd.
- MaxTech Ventures Inc.
- MOIL Limited
- Ningxia Tianyuan Manganese Industry Co., Ltd.
- Nippon Denko Company Ltd.
- OM Holdings Limited
- South32 Limited
- Tosoh Corporation
- Tronox Limited
- Vale S.A
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- African Rainbow Minerals Limited
- Anglo American plc
- Assmang Proprietary Limited
- Compania Minera Autlan, S.A.B. De C.V.
- Consolidated Minerals Limited
- Eramet SA
- Gulf Manganese Corporation Limited
- Manganese Metal Company (Pty) Ltd.
- MaxTech Ventures Inc.
- MOIL Limited
- Ningxia Tianyuan Manganese Industry Co., Ltd.
- Nippon Denko Company Ltd.
- OM Holdings Limited
- South32 Limited
- Tosoh Corporation
- Tronox Limited
- Vale S.A
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 213 |
| Published | July 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value in 2024 | 28.7 Million Metric Tons |
| Forecasted Market Value by 2030 | 39.3 Million Metric Tons |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
