The Manganese Market report segments the industry into By Application (Alloys, Electrolytic Manganese Dioxide, Electrolytic Manganese Metals, Other Applications), By End-Use Sector (Industrial, Construction, Power Storage and Electricity, Other End-Use Sectors), and By Geography (Asia Pacific, North America, Europe, South America, Middle-East and Africa). Get five years of historical data and five-year forecasts.

Manganese traded flat at 29.85 CNY/mtu on November 28, 2025. Over the past month, Manganese's price has risen 0.34%, and is up 2.05% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Manganese Ore - values, historical data, forecasts and news - updated on December of 2025.

The size of the Manganese Market was valued at USD 24.4 Billion in 2023 and is projected to reach USD 37.9 Billion by 2032, with an expected CAGR of 5% during the forecast period. Recent developments include: In August 2020, South32 Ltd. announced that it would sell its entire stake in the manganese alloy smelter, Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance and thereby enhancing the business of GFG Alliance.. Key drivers for this market are: Increasing Demand of Electric Vehicles, Other Drivers. Potential restraints include: Other Restraints. Notable trends are: Increasing Demand from Construction Sector.

Discover the thriving manganese market projected to reach $24.4 billion by 2025, with a 5% CAGR. Explore key drivers, trends, and restraints shaping this crucial sector for steel, batteries, and infrastructure. Learn about leading companies and regional market shares. Key drivers for this market are: Increasing Demand of Electric Vehicles, Other Drivers. Potential restraints include: Other Restraints. Notable trends are: Increasing Demand from Construction Sector.

The global manganese market is projected to reach a valuation of approximately USD 25 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.5% from 2025 to 2033.

Discover the latest insights into the booming manganese market, projected to reach $XX million by 2033 with a 3.87% CAGR. This comprehensive analysis explores key drivers, trends, restraints, and regional market share, highlighting major players and applications like batteries and steel. Recent developments include: In August 2020, South32 Ltd. announced that it would sell its entire stake in the manganese alloy smelter, Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance and thereby enhancing the business of GFG Alliance.. Key drivers for this market are: Increasing Demand of Electric Vehicles, Other Drivers. Potential restraints include: Increasing Demand of Electric Vehicles, Other Drivers. Notable trends are: Increasing Demand from Construction Sector.

The global manganese ore and concentrate market expanded rapidly to $13.1B in 2024, rising by 13% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $13.3B. From 2023 to 2024, the growth of the global market remained at a lower figure.

Electrolyte Manganese Metal: Used as an essential component in the production of dry cell batteries, providing long-lasting power in various electronic devices. Silico-Manganese: Combines the properties of manganese and silicon, enhancing the strength and toughness of steel alloys. Widely used in construction, automotive, and engineering industries. Medium Carbon Ferromanganese: Provides good mechanical properties to steel and is used in various applications, including construction and automotive. Its versatility contributes to its high demand in the market. High Carbon Ferromanganese: Used in the production of high-carbon steel, which is particularly suitable for wear-resistant applications such as grinding balls and crushers. Recent developments include: August 2020: South32 Ltd. declared that it would sell its entire stake in the manganese alloy smelter, Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance and thereby expanding the business of GFG Alliance.. Notable trends are: Growing Steel Industry to boost the market growth.

Manganese Market Outlook

According to our latest research, the Global Manganese market size was valued at $28.7 billion in 2024 and is projected to reach $43.2 billion by 2033, expanding at a robust CAGR of 4.6% during the forecast period of 2025–2033. The primary driver for this sustained growth is the escalating demand for high-strength steel across construction, automotive, and infrastructure sectors worldwide. Manganese plays an indispensable role in steel production, serving as both a deoxidizer and an alloying element that enhances the strength, toughness, and wear resistance of steel. Additionally, the accelerating adoption of electric vehicles (EVs) and energy storage solutions is fueling demand for manganese in battery manufacturing, further propelling market expansion on a global scale.

Regional Outlook

The Asia Pacific region commands the largest share of the global manganese market, accounting for over 58% of total market value in 2024. This dominance is rooted in the region’s mature steel manufacturing sector, particularly in China and India, where government-led infrastructure development and rapid urbanization continue to drive robust steel demand. China, as the world’s leading producer and consumer of manganese, benefits from integrated supply chains, abundant mineral resources, and substantial investments in technology upgrades. The presence of major steel companies and ongoing capacity expansions further consolidate Asia Pacific’s leadership, making it a critical hub for both manganese ore mining and downstream processing activities.

In contrast, North America emerges as the fastest-growing region, projected to record a CAGR of 5.2% through 2033. The region’s growth trajectory is underpinned by increased investments in electric vehicle and battery manufacturing, catalyzed by supportive government policies and incentives for clean energy technologies. The United States, in particular, is witnessing a surge in manganese demand as automakers and battery manufacturers seek to localize their supply chains and reduce reliance on imported materials. Strategic initiatives such as the Inflation Reduction Act and infrastructure modernization projects are further stimulating manganese consumption in steel, electronics, and energy storage applications, positioning North America as a key growth engine in the global market.

Meanwhile, emerging economies in Latin America and Africa are experiencing a gradual uptick in manganese adoption, driven by rising investments in mining and industrialization. However, these regions face unique challenges such as underdeveloped infrastructure, regulatory hurdles, and fluctuating commodity prices, which can impede market growth. Despite these barriers, localized demand for manganese in agriculture, water treatment, and small-scale steel production is gradually increasing. Government efforts to attract foreign direct investment and implement mining-friendly policies are likely to enhance the market’s long-term prospects, albeit at a more measured pace compared to established markets.

Report Scope

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Manganese Mining Market Size 2024-2028

The manganese mining market size is forecast to increase by USD 10.94 billion, at a CAGR of 6.78% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing demand for steel and the rising adoption of stainless steel in various industries. The versatility and durability of stainless steel make it an essential component in construction, automotive, and manufacturing sectors. Consequently, the demand for manganese ore, a crucial ingredient in steel production, is on the rise. However, the procurement of manganese ore poses challenges for market participants. The market's dynamics are influenced by the geopolitical instability in major producing countries, such as South Africa and Australia, which can disrupt supply chains and impact prices. Additionally, the environmental concerns associated with manganese mining and the depletion of high-grade ore deposits are pressing issues that need to be addressed. Companies seeking to capitalize on market opportunities and navigate challenges effectively must focus on sustainable mining practices, diversify their supply sources, and invest in research and development to explore alternative manganese sources and applications.

What will be the Size of the Manganese Mining Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
Request Free SampleThe market continues to evolve, shaped by a complex interplay of factors. Manganese nodules, rich in this essential mineral, are discovered in various locations, from land-based open-pit mines to deep-sea deposits. Metallurgical processes transform manganese ore into valuable products, such as ferroalloys and manganese sulfate, which are integral to the production of stainless steel, pig iron, and low-carbon steel. Mining operations face ongoing challenges, including mine reclamation, waste management, and adherence to mining regulations and licenses. Geological surveys and digital mining technologies facilitate resource exploration and efficient extraction processes. Price fluctuations, influenced by global trade dynamics, market volatility, and demand drivers, impact the profitability of mining ventures. Manganese applications extend to sectors like aluminum production, battery manufacturing, and high-carbon steel industries. The ongoing shift towards sustainable and low-carbon technologies, such as electric vehicles and renewable energy, presents new opportunities for manganese in the form of lithium-ion batteries and other applications. Environmental impact, water management, safety standards, and carbon footprint are critical concerns for the industry, shaping the future of manganese mining and its role in a sustainable global economy. The industry outlook remains positive, with ongoing advancements in mining technology, mining regulations, and market trends.

How is this Manganese Mining Industry segmented?

The manganese mining industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ApplicationAlloysOthersTypeBraunitePyrolusitePsilomelaneRhodochrositeGeographyNorth AmericaUSAPACAustraliaChinaIndiaSouth AmericaBrazilRest of World (ROW)

By Application Insights

The alloys segment is estimated to witness significant growth during the forecast period.The market is characterized by various market dynamics and trends. The alloys segment holds the largest market share, driven by the extensive usage of manganese in manufacturing alloys to enhance their physical and mechanical properties. Steel, particularly stainless steel, is the primary end-user of manganese alloys, accounting for a significant portion of the market. Approximately 15% of the mined manganese ore is converted into manganese alloy, with the remaining portion used in industrial applications. Manganese ore is primarily mined through surface and open-pit methods, while deep-sea mining is an emerging trend. Mine reclamation and waste management are crucial aspects of mining operations, with regulations and licenses governing the industry. The mining process involves various metallurgical techniques to extract manganese ore and convert it into manganese oxide or manganese sulfate. Manganese is a vital component in low-carbon steel production and is increasingly used in battery manufacturing for lithium-ion batteries in electric vehicles. Price fluctuations, driven by supply chain disruptions and market volatility, impact the market's growth. Safety standards and environmental impact are essential considerations in mining operations. The industry's digital transformation is leading to the adoption of mining technology, remote sensing, and extraction processes. Manga

The global Manganese Metal market is experiencing robust expansion, projected to reach a significant valuation of approximately $9,500 million by 2025, with a compelling Compound Annual Growth Rate (CAGR) of around 6.5% expected throughout the forecast period of 2025-2033. This growth is primarily propelled by the escalating demand from key end-use industries, most notably the battery sector, where manganese plays a crucial role in the production of advanced lithium-ion batteries vital for electric vehicles (EVs) and portable electronics. The chemical industry also represents a substantial driver, leveraging manganese for its applications in fertilizers, water treatment, and pigments. Furthermore, the steel production sector continues to be a consistent consumer, utilizing manganese for its strengthening and desulfurizing properties in alloy steels. Emerging applications in electronics and semiconductors are also contributing to market diversification and growth. The market's trajectory is further shaped by a confluence of technological advancements and evolving consumer preferences. The increasing focus on sustainable energy solutions and the rapid adoption of EVs are creating sustained demand for high-purity manganese grades (≥99.9%). While the market benefits from these powerful drivers, it also faces certain restraints. Fluctuations in raw material prices, particularly for manganese ore, can impact production costs and profitability. Geopolitical factors and supply chain disruptions can also pose challenges to market stability. However, ongoing innovation in extraction and refining processes, coupled with strategic investments by leading companies such as Nippon Denko Co., Ltd., Belmont Metals, and Euro Manganese Inc., are expected to mitigate these restraints and foster continued market development across key regions like Asia Pacific, driven by China and India, and North America.

Discover the booming manganese metal market! This comprehensive analysis reveals a $15 billion market (2025 est.) projected for significant growth driven by steel, automotive, and renewable energy sectors. Explore market trends, key players, and future projections to 2033.

The global silico manganese market size was worth over USD 29.97 billion in 2025 and is poised to grow at a CAGR of over 6% from 2026 to 2035, driven by growing steel industry demand.

The global Manganese Market size is set to increase from USD 25.49 billion in 2024 to USD 42.32 billion by 2034, with a projected CAGR exceeding 5.2% from 2025 to 2034. Top companies in the industry include Transalloy India Pvt, Mesa Minerals Limited, Autlán, Eramet, MOIL Limited, Ferro Alloys Limited, OM Holdings, Sakura Ferroalloys.

Analysis of the ferro-manganese market in the MENA region, covering consumption, production, imports, and exports from 2024-2035, with forecasts for volume and value growth, and key country-level insights.

Global Silico Manganese market size was valued at USD 26.70 billion in 2021 and is expected to grow at a CAGR of 6.7% during the forecast period.

The European Union's demand for ferro-silico-manganese is driving market growth, with consumption expected to increase over the next decade. Market performance is predicted to slow down, but still expand with a +0.6% CAGR by 2035, reaching 1.1M tons. In terms of value, the market is projected to grow with a +0.9% CAGR to $1.4B by 2035.

The global manganese market, valued at $30.37 billion in 2025, is poised for significant growth. While the provided CAGR (Compound Annual Growth Rate) is missing, considering the increasing demand driven by burgeoning industries like agro-industries, batteries, and industrial applications, a conservative estimate of a 5% CAGR is plausible for the forecast period (2025-2033). This growth is fueled by the rising adoption of electric vehicles (EVs), which significantly boosts manganese demand for battery production. Furthermore, the expanding agro-industry sector necessitates manganese-based fertilizers and pesticides, further contributing to market expansion. Key regional markets include North America, Europe, and Asia-Pacific, with China and India anticipated to be major growth drivers due to their extensive industrial and manufacturing sectors. However, the market faces restraints such as fluctuating manganese ore prices, environmental regulations concerning mining and processing, and geopolitical instability affecting supply chains. The market is segmented by application (agro-industries, industrial, batteries, others) and type (manganese ore, manganese alloy, others), providing diverse investment opportunities. Competition is intense, with major players including African Rainbow Minerals, Anglo American plc, and others actively participating in global market expansion. The projected market size for 2033, based on the estimated 5% CAGR, would be approximately $40.8 billion (calculated as 30.37 billion * 1.05^8). This projection highlights a robust growth trajectory, especially in the battery segment. Further growth could be influenced by technological advancements leading to more efficient manganese extraction and processing, as well as the development of sustainable mining practices to address environmental concerns. Successful navigation of these challenges will be crucial for market players to fully capitalize on the expected expansion. The strategic location of mines, investment in research and development for new applications, and strong supply chain management will be decisive factors in achieving market leadership in the years to come.

Armenia Silico Manganese Market is expected to grow during 2025-2031