Global manganese prices are expected to remain flat at around 4.5 U.S. dollars per metric ton unit CIF between 2020 and 2022. This would be a stark contrast to the time period between 2016 and 2019, when volatility was roiling the market. Recently, there has also been a widening gap between low- and high-grade manganese ore variants. A critical material   An essential agent in steelmaking, manganese is most commonly used to improve either the strength or ductility of steel. In order to produce steel, the United States imports approximately 700,000 metric tons of metals, ferroalloys, and selected chemicals containing manganese every year. In 2018, 100 percent of the manganese used in the United States was imported from other countries. The commodity is thus listed as a critical material by the U.S. Geological Survey. Australia, South Africa, Brazil, China, and Gabon are among the main producers of manganese ore. Other uses However, metallurgy is not the only application where this critical material is used: battery making is the most important other application involving manganese, which is used in some lithium-ion and alkaline batteries.

Manganese traded flat at 29.75 CNY/mtu on August 1, 2025. Over the past month, Manganese's price has risen 1.02%, but it is still 13.14% lower than a year ago, 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 August of 2025.

Snapshot img

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 e

According to Cognitive Market Research, the global Manganese Oxide Market size will be USD 89685.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 35874.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 26905.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 20627.67 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 4484.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1793.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The chemical grade category is the fastest growing segment of the Manganese Oxide industry

Market Dynamics of Manganese Oxide Market

Key Drivers for Manganese Oxide Market

Technological developments in energy storage are anticipated to support market expansion

Manganese oxide (MnO) is being investigated for application in next-generation energy storage devices, such as supercapacitors and rechargeable metal-air batteries, due to advancements in energy storage technology. Materials based on manganese oxide have demonstrated potential in enhancing cycle life, efficiency, and energy storage capacity. To improve their electrochemical performance, researchers have been examining several kinds of manganese oxide (MnO), such as nanostructured and mesoporous materials. The goal of these developments is to meet the growing need for high-performance energy storage systems in uses including portable electronics, renewable energy integration, and electric cars. Researchers are aiming to create more cost-effective and sustainable energy storage solutions that can aid in the shift to a cleaner and more renewable energy landscape by utilizing the special qualities of manganese oxide (MnO), such as its high theoretical specific capacity.

Market expansion as a result of growing industries

The need for manganese oxide has increased as a result of the expansion and development of numerous industrial sectors. Manganese oxide is used in industries including glass, ceramics, and water treatment because of its special qualities. Manganese oxide (MnO) is a pigment used in ceramics that gives the finished products color and durability. Manganese oxide is used by the glass industry to improve the color, opacity, and chemical and heat resistance of glass. Manganese oxide (MnO) is also used in water treatment procedures, where it functions as a catalyst to eliminate impurities such as heavy metals. Manganese oxide is a versatile industrial substance that is predicted to become more in demand as global infrastructure development and industrial activity continue to grow.

Restraint Factor for the Manganese Oxide Market

Raw material price fluctuation will impede market expansion

The growth of alkaline-based MnO2 manufacturing plants is influenced by the relative costs of different EMD grades used in electrochemical batteries. The cost of producing EMD varies according on the production technique and product purity. Higher purity EMD grades are typically more costly than lesser purity grades. The cost of EMD is also significantly influenced by the production process. High energy consumption and high production costs are linked with traditional EMD production procedures. Manganese ore, one of the raw materials required to produce manganese oxide, can have volatile prices.

Impact of Covid-19 on the Manganese Oxide Market

The market share of manganese oxide (MnO) has been significantly impacted by the COVID-19 pandemic. Medical devices and equipment, including electrodes, sensors, and diagnostic tools, have been made using manganese oxide. These goods are essential for the diagnosis, tracking, and management of various illnesses, including COVID-19. Manganese oxide nanoparticles have demonstrated promise in drug delivery systems, where they can be applied to imp...

China Manganese Ore & Chromium Ore Mining & Dressing: YoY: Cost of Sales: Year to Date data was reported at -8.377 % in Oct 2015. This records a decrease from the previous number of -6.822 % for Sep 2015. China Manganese Ore & Chromium Ore Mining & Dressing: YoY: Cost of Sales: Year to Date data is updated monthly, averaging 10.776 % from Jan 2012 (Median) to Oct 2015, with 46 observations. The data reached an all-time high of 38.027 % in Apr 2013 and a record low of -8.377 % in Oct 2015. China Manganese Ore & Chromium Ore Mining & Dressing: YoY: Cost of Sales: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BGB: Ferrous Metal: Manganese Ore and Chromium Ore Mining and Dressing.

The global manganese mine market is experiencing robust growth, driven by increasing demand from key industries like steelmaking, chemical production, and national defense. The market size in 2025 is estimated at $15 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This positive trajectory is fueled by several factors, including the rising global construction and infrastructure development, the expanding automotive sector (requiring manganese in alloys), and the continuous growth in battery technologies relying on manganese-based cathodes. Significant regional variations exist, with Asia-Pacific, particularly China and India, dominating the market due to their large-scale steel production and robust manufacturing bases. North America and Europe also contribute significantly, albeit at a smaller scale, driven by established industries and government investments in infrastructure projects. However, challenges such as fluctuating manganese ore prices, environmental regulations concerning mining activities, and supply chain disruptions related to geopolitical instability could potentially restrain market expansion. The market is segmented by type (sedimentary, volcano-sedimentary, etc.) and application, with the metallurgical industry remaining the largest consumer of manganese ore. Further growth will likely be influenced by technological advancements in manganese extraction and processing methods, aiming for enhanced efficiency and reduced environmental impact. The emergence of new applications for manganese in emerging technologies, including renewable energy storage and advanced materials, could create new growth avenues. Competition within the industry is fierce, with major players like BHP, Vale, and Eramet-Comilog vying for market share. Strategic alliances, mergers, and acquisitions are expected to play a crucial role in shaping the competitive landscape during the forecast period. The market's future is thus bright, with continued growth anticipated, driven by strong demand, technological innovation, and strategic investments, but subject to the influences of global economic conditions and environmental regulations. This comprehensive report provides an in-depth analysis of the global manganese mine market, offering invaluable insights for industry stakeholders, investors, and researchers. We delve into production trends, regional dominance, key players, and future growth projections, using rigorous data analysis and industry expertise to paint a clear picture of this vital sector. Keywords: Manganese mining, manganese ore, manganese market, manganese production, manganese price, metallurgical manganese, chemical manganese, manganese applications, mining industry, mineral resources.

In 2022, an estimated volume of *** million metric tons of manganese was produced in Ghana. This stood against the *** million metric tons produced in 2019, which was the highest since 2009. Moreover, except for the major drop in 2014 and 2020, manganese production in the country followed an upward trend. Ghana is one of the leading world producers of manganese. As of August 2023, the price of manganese in the country reached around ** U.S. dollars per metric ton.

Explore the dynamic factors influencing manganese ore prices, including supply-demand dynamics, production costs, economic conditions, and geopolitical events. Discover how China's consumption, steel industry demand, and technological advancements impact market trends and pricing volatility, providing insights for investors and stakeholders.

Ferro Manganese Alloy Market Outlook

The global Ferro Manganese Alloy market size was valued at approximately USD 19.8 billion in 2023 and is projected to reach around USD 30.6 billion by 2032, growing at a CAGR of 4.9% during the forecast period. The robust demand from the steel production industry, which is the largest consumer of ferro manganese alloys, is a significant growth factor driving this market. Increasing infrastructural developments and industrialization across various regions contribute substantially to the market's expansion.

One of the primary growth factors for the ferro manganese alloy market is its extensive use in steel production. Ferro manganese is crucial in the steelmaking process because it acts as a deoxidizer and desulfurizer, improving steelÂ’s strength, durability, and resistance to wear and tear. The burgeoning automotive and construction industries are significant consumers of steel, further propelling the demand for ferro manganese alloys. With the global automotive industry poised for substantial growth, the need for high-strength, lightweight steel variants is expected to surge, driving the ferro manganese market.

Another vital growth factor is the increasing demand for ferro manganese alloys in the foundry and welding industries. These alloys are used to produce cast iron and in welding electrodes, where they help improve the mechanical properties and quality of the weld. As industries like aerospace and shipbuilding continue to expand, the demand for high-quality welds and cast iron components is expected to grow, further boosting the ferro manganese alloy market. The rising trend towards utilizing more high-carbon and medium-carbon variants of ferro manganese alloys in these applications is also supporting market growth.

Technological advancements and innovations in alloy production processes present another significant growth driver. Enhanced production technologies have led to more efficient and cost-effective manufacturing methods, reducing production costs and increasing output quality. These advancements are making ferro manganese alloys more accessible and affordable for end-users, fostering market growth. Additionally, the recycling of steel and other metals is becoming more prevalent, where ferro manganese alloys play a crucial role, further driving demand.

Ferroalloys Silico Manganese is an essential component in the production of various steel types, offering enhanced strength and durability. This alloy, composed of silicon and manganese, is particularly valued for its ability to improve the mechanical properties of steel, making it ideal for applications requiring high resilience. The growing demand for high-performance steel in construction and automotive sectors has significantly boosted the consumption of Ferroalloys Silico Manganese. As industries continue to innovate and develop new steel grades, the role of silico manganese in achieving desired material characteristics becomes increasingly crucial. This trend underscores the importance of continuous advancements in alloy production techniques to meet the evolving needs of the market.

The regional outlook of the ferro manganese alloy market shows a diverse and dynamic landscape. Asia Pacific holds the largest market share, driven by massive industrialization and infrastructural developments in countries like China and India. North America and Europe also hold significant market shares due to their well-established steel production industries. Latin America and the Middle East & Africa are emerging as potential growth regions due to increasing investments in industrial sectors and infrastructure projects. Each region exhibits distinct growth patterns influenced by local industry dynamics and economic conditions.

Grade Analysis

The ferro manganese alloy market is segmented by grade into High Carbon, Medium Carbon, and Low Carbon variants. High Carbon Ferro Manganese is crucial in steelmaking due to its cost-effectiveness and high manganese content. It is predominantly used in the production of flat and long steel products. The demand for high carbon ferro manganese remains robust, driven by increasing steel production requirements in construction and automotive industries. This segment holds a significant share of the market and is expected to maintain its dominance throughout the forecast

The manganese mining market, currently valued at $28.18 billion (2025), is projected to experience robust growth, driven by increasing demand from steel and alloy industries. A compound annual growth rate (CAGR) of 6.78% from 2025 to 2033 indicates significant expansion potential. Key drivers include the burgeoning construction and automotive sectors, which rely heavily on manganese-based alloys for enhanced strength and durability. The rising adoption of sustainable energy technologies, particularly in electric vehicles and renewable energy infrastructure, further fuels demand for manganese. Market segmentation reveals strong performance across various applications, notably alloys, which constitute a significant portion of overall consumption. Within the type segment, Braunite, Pyrolusite, and Psilomelane are major contributors, reflecting the diverse sources of manganese ore. Geographic analysis points to significant market share held by the Asia-Pacific region, particularly China and India, fueled by robust industrial activity and infrastructure development. North America and Europe also present substantial market opportunities, driven by established manufacturing bases and technological advancements. However, fluctuating ore prices, environmental regulations, and geopolitical factors pose potential challenges to market growth. Leading companies, including Anglo American plc, BHP Group plc, and Vale SA, are actively shaping market dynamics through strategic investments, mergers and acquisitions, and technological innovations. The competitive landscape is marked by both established players and emerging companies vying for market share. Companies are employing various competitive strategies such as capacity expansion, technology adoption, and strategic partnerships to maintain their position. Market players need to navigate potential industry risks such as price volatility, resource depletion, and environmental concerns. The forecast period (2025-2033) suggests continued growth trajectory, largely influenced by global economic conditions, technological developments, and policy changes related to sustainable materials and resource management. This forecast incorporates several factors including but not limited to continued growth in steel production, the increasing use of manganese in electric vehicle batteries, and the continued development of infrastructure in emerging markets. Further, the analysis considers the impact of potential supply chain disruptions and global economic volatility on market growth.

The global manganese ore market is experiencing robust growth, driven by increasing demand from key sectors like steelmaking, electronics manufacturing, and construction. The market size in 2025 is estimated at $15 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth trajectory is fueled by several factors. The burgeoning construction industry, particularly in developing economies, requires significant quantities of manganese for cement production and infrastructure development. Simultaneously, the expanding electronics sector relies heavily on manganese in the production of batteries and other electronic components. Furthermore, advancements in steel manufacturing techniques are leading to greater manganese ore consumption to enhance steel quality and durability. While the market faces challenges such as price volatility related to raw material costs and environmental regulations concerning mining operations, these are anticipated to be offset by the sustained demand from the aforementioned sectors. The market segmentation reveals significant opportunities. Lump manganese ore currently holds the largest market share, driven by its wide applicability in various industries. However, the particles segment is expected to witness faster growth due to its increasing use in specialized applications. Geographically, the Asia-Pacific region is projected to dominate the manganese ore market, driven by the high industrialization rate and significant construction activities in countries like China and India. North America and Europe will maintain significant market shares, driven by the presence of established industries and robust infrastructure development. Key players in the market are strategically focusing on expanding their mining operations, optimizing production processes, and forging strategic partnerships to meet the growing demand and capitalize on market opportunities. The forecast period of 2025-2033 promises sustained growth, with continued investment in mining infrastructure and technological advancements driving further expansion. This comprehensive report provides an in-depth analysis of the global manganese ore market, projected to be valued at over $10 billion by 2025. It delves into market dynamics, key players, emerging trends, and future growth prospects, offering invaluable insights for investors, industry professionals, and strategic decision-makers. This report utilizes extensive data analysis and incorporates expert opinions to provide a robust and reliable assessment of this vital mineral resource.

China Manganese Ore & Chromium Ore Mining & Dressing: Selling and Distribution Cost: Year to Date data was reported at 0.446 RMB bn in Oct 2015. This records an increase from the previous number of 0.396 RMB bn for Sep 2015. China Manganese Ore & Chromium Ore Mining & Dressing: Selling and Distribution Cost: Year to Date data is updated monthly, averaging 0.278 RMB bn from Jan 2012 (Median) to Oct 2015, with 46 observations. The data reached an all-time high of 0.750 RMB bn in Dec 2013 and a record low of 0.042 RMB bn in Feb 2012. China Manganese Ore & Chromium Ore Mining & Dressing: Selling and Distribution Cost: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BGB: Ferrous Metal: Manganese Ore and Chromium Ore Mining and Dressing.

The manganese metal market is experiencing robust growth, driven by increasing demand from various sectors. While precise figures for market size and CAGR are unavailable, a reasonable estimate based on industry reports and trends suggests a current market value (2025) of approximately $15 billion, with a compound annual growth rate (CAGR) of around 5-7% projected for the forecast period (2025-2033). This growth is primarily fueled by the expanding steel industry, which consumes a significant portion of manganese for alloying purposes to enhance strength and durability. The burgeoning automotive and construction industries further contribute to market expansion, demanding high-quality manganese-based alloys for lightweighting and enhanced structural integrity. Emerging applications in renewable energy technologies, such as batteries for electric vehicles and energy storage systems, are also presenting significant growth opportunities for the manganese metal market. However, the market is not without its challenges. Fluctuations in raw material prices, coupled with geopolitical uncertainties impacting supply chains, pose significant restraints to market growth. Furthermore, environmental concerns related to manganese mining and processing necessitate the adoption of sustainable practices, driving costs and potentially limiting expansion in certain regions. The market is segmented by various factors, including product grade, application, and geographic location. Key players such as Nippon Denko, Belmont Metals, and Euro Manganese are actively engaged in expanding their production capacities and exploring new applications to capitalize on the expanding market. Future growth will likely be influenced by technological advancements in manganese extraction and processing, as well as government policies aimed at promoting sustainable mining practices and supporting the transition towards renewable energy technologies.

Manganese Ore Market Outlook 2032

The global manganese ore market size was USD 0.41 Billion in 2023 and is likely to reach USD 0.68 Billion by 2032, expanding at a CAGR of 6.26% during 2024–2032. The market is propelled by the growing demand for steel across various end-use industries.



Rising demand in various industries for manganese-based alloys is expected to propel the market during the assessment period. This mineral's primary use in steel production, where it serves as a deoxidizer and desulfurizer, is a significant factor in its increasing market value.

The market is witnessing a trend towards high-grade manganese ore, driven by the need for efficiency and quality in steel production. This shift is prompting manufacturers to invest in advanced mining and processing technologies, creating opportunities for further market growth.



The applications of manganese ore extend beyond steel production. It is also a crucial component in the production of dry-cell batteries, aluminum alloys, and copper alloys. Furthermore, its use in the production of fertilizers and animal feed is growing, contributing to the market's expansion. This diversification of applications is expected to continue to drive the market in the coming years.

Impact of Artificial Intelligence (AI) in Manganese Ore Market

The use of artificial intelligence is likely to provide substantial propulsion to the manganese ore market. AI-powered machinery facilitates precise extraction, reducing operational costs and environmental impact. Safety is also bolstered as AI can predict potential hazards, minimizing risks to personnel.



AI&am

The manganese mining market, valued at approximately $15 billion in 2025, is projected to experience robust growth, driven by increasing demand from key sectors like metallurgy, chemicals, and electronics. The Compound Annual Growth Rate (CAGR) is estimated at 5%, indicating a steady expansion throughout the forecast period (2025-2033). This growth is fueled by several factors, including the rising production of steel (a major manganese consumer), the growing adoption of manganese-based alloys in advanced materials, and the expanding use of manganese in batteries for electric vehicles and energy storage systems. However, the market faces challenges including fluctuating ore prices, environmental regulations concerning mining operations, and geopolitical instability in key producing regions, potentially impacting supply chains. Segmentation analysis reveals that metallurgy dominates application-based consumption, while braunite and pyrolusite are the leading manganese ore types. Key players like Assmang, BHP, and Vale control significant market share, while emerging economies in Asia-Pacific are emerging as important growth regions. The historical period (2019-2024) likely reflects a period of moderate growth, followed by the projected acceleration in the forecast period, driven by the factors mentioned above. The geographical distribution of manganese mining is diverse, with significant production in countries like South Africa, Australia, Brazil, and China. North America and Europe, while possessing established industries, are likely to see slower growth compared to Asia-Pacific, particularly China and India, due to their rapid industrialization and substantial infrastructure development. Furthermore, technological advancements aimed at improving manganese extraction efficiency and reducing environmental impact are anticipated to positively affect the market. Competition among major players is likely to remain intense, pushing innovation and driving consolidation within the industry. The forecast period will see a continuous shift towards sustainable mining practices and increased focus on resource efficiency to address environmental concerns and secure long-term market stability. The overall outlook for the manganese mining market is positive, with substantial growth potential, although subject to the aforementioned challenges and global economic conditions.

According to Cognitive Market Research, the global manganese alloys market size will be USD 32820 million in 2025. It will expand at a compound annual growth rate (CAGR) of 6.30% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 12143.40 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.8% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 9517.80 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 7876.80 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 1247.16 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 1312.80 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 722.04 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2025 to 2033.
Steel is the fastest growing segment of the manganese alloys industry

Market Dynamics of Manganese Alloys Market

Key Drivers for Manganese Alloys Market

Increasing Interest in Superior Steel to Boost Market Growth

The crucial role manganese alloys play in the steel sector is one of the main drivers of market expansion. Manganese is essential to the manufacturing of steel because it increases the alloy's sharpness and bending strength, which increases steel's durability. The need for manganese-rich steel has pushed the market for it due to the ongoing expansion of building and infrastructure projects worldwide. Furthermore, the fast urbanization of emerging nations is fueling building activity and, in turn, the need for steel. This element places the use of steel making as a key driver of the expansion of the manganese market. For instance, in February 2025, Eramet is the biggest manganese alloy manufacturer in the world. Through affiliates in the US (Eramet Marietta), Norway (Eramet Norway), France (Comilog Dunkerque), and Africa, its ability to manufacture is dispersed across several nations. The best supply for steelmakers in Europe and America is ensured by the proximity of all six factories to active the steel industry areas near important markets.

https://www.eramet.com/en/activities/manganese/manganese-alloys//

Developments in the Automobile Sector to Boost Market Growth

The expanding automotive sector is another important element propelling the manganese industry, particularly with the move to electric vehicles (EVs). Manganese is an essential component in producing batteries with lithium ions, which are frequently utilized in EVs. The EV industry is anticipated to grow, which will raise demand for manganese as authorities throughout the world work to cut pollution and promote sustainable energy options. It is anticipated that this tendency will persist throughout the projection period, further bolstering the market's expansion. Manganese's use in battery technologies is also growing in environmentally friendly batteries, which supports market expansion substantially.

Restraint Factor for the Manganese Alloys Market

Price Fluctuation for Raw Materials, Will Limit Market Growth

The fluctuation of prices of ingredients, which can have an impact on the entire manufacturing expenses and earnings of manganese items, is one important constraint. Businesses have difficulties due to the fluctuating pricing of manganese ores, which are caused by logistical interruptions, regulatory modifications, and political disagreements. Furthermore, manganese extraction and utilization may be further restricted by environmental rules pertaining to mining operations and emissions, which would call for the development of sustainable techniques and technology to lessen these effects. To maintain market adaptability and long-term growth, industry participants must adopt flexible strategies in response to these difficulties.

Market Trends in Manganese Alloys Market

Growing Attention on Alternative Energy Sources Will Help the Market Expand

...

Ferro Manganese Market Outlook

The global ferro manganese market size was valued at approximately $10.5 billion in 2023 and is anticipated to grow to about $14.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 3.9%. This growth is primarily fueled by the increasing demand in the steel production industry and the rising infrastructural developments worldwide. The ferro manganese market is set to witness substantial expansion due to the indispensable role of ferro manganese in enhancing steel properties, making it a crucial component in various industrial applications.

One of the principal growth factors of the ferro manganese market is its extensive use in steel production. Ferro manganese acts as a deoxidizer and desulphurizer, and it imparts critical properties such as hardness and strength to steel. As the global demand for steel continues to soar, driven by infrastructure projects, automotive production, and industrial machinery, the need for ferro manganese is expected to rise correspondingly. Additionally, the upsurge in construction activities globally, particularly in emerging economies, significantly contributes to the burgeoning demand for ferro manganese, as steel remains a fundamental material in construction.

Another significant factor propelling the growth of the ferro manganese market is its application in the foundry industry. The versatility and effectiveness of ferro manganese in improving the wear-resistance and mechanical properties of cast iron and other alloys play a vital role in the foundry segment. The continuous advancements in foundry technologies and the rising demand for high-quality metal castings in various industries, including automotive, aerospace, and heavy machinery, are anticipated to bolster the demand for ferro manganese.

The market's expansion is also driven by the growing welding industry. Ferro manganese is widely used in welding electrodes to enhance the strength and durability of welded joints. With the continuous growth in the manufacturing sector and infrastructural developments, the welding industry is projected to witness significant growth, thereby amplifying the demand for ferro manganese. Furthermore, the ongoing research and development initiatives aimed at improving the quality and performance of welding consumables are expected to create new avenues for market growth.

Silicon Manganese Alloy is an essential component in the steelmaking process, offering a unique combination of silicon and manganese that enhances the mechanical properties of steel. This alloy is particularly valued for its ability to improve the strength and ductility of steel, making it a preferred choice in the production of high-strength, low-alloy steels. The demand for Silicon Manganese Alloy is closely linked to the growth of the steel industry, as it plays a critical role in refining and purifying molten steel. As industries continue to seek materials that offer superior performance and durability, the use of Silicon Manganese Alloy is expected to rise, supporting the overall expansion of the ferroalloy market.

Regionally, Asia Pacific holds a prominent share in the ferro manganese market, primarily due to the rapid industrialization and urbanization in countries like China and India. These nations are major consumers of steel, driven by their extensive construction projects and large-scale manufacturing operations. North America and Europe are also significant markets, supported by robust automotive and construction industries. Latin America and the Middle East & Africa, though smaller in comparison, are expected to exhibit steady growth, propelled by infrastructural developments and industrial activities in these regions.

Grade Analysis

The ferro manganese market is segmented by grade into high carbon, medium carbon, and low carbon ferro manganese. High carbon ferro manganese, with its high manganese content and relatively low production cost, holds a substantial share of the market. This grade is extensively used in steel production, where it acts as a deoxidizer and helps in refining the molten steel. The demand for high carbon ferro manganese is directly proportional to the growth of the steel industry, which is anticipated to remain strong due to ongoing construction and manufacturing activities worldwide.

Medium carbon ferro manganese, offering a balance between performance and cost, is another significant segment within the market. Th

The U.S. manganese ore and concentrate market surged to $90M in 2024, picking up by 44% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a noticeable shrinkage.

Silico Manganese Market Outlook

The global Silico Manganese market size was valued at approximately USD 15 billion in 2023 and is projected to reach around USD 22 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.4% during the forecast period. This steady growth is driven by multiple factors including the burgeoning demand from the steel production industry and the increasing infrastructural developments worldwide, especially in emerging economies.

A primary growth driver for the Silico Manganese market is the rising demand from the steel production sector. Silico Manganese is a critical component in steel manufacturing due to its ability to improve the strength, toughness, and hardness of steel. The construction of buildings, bridges, and other infrastructure projects worldwide necessitates high-strength steel, thereby driving the demand for Silico Manganese. Additionally, the automotive industry also leverages Silico Manganese for manufacturing lightweight yet robust vehicle components, further boosting market growth.

Another significant factor contributing to the market's growth is the increasing infrastructural development in emerging economies such as India, China, and Brazil. These countries are investing heavily in infrastructure projects to support their growing populations and economic activities. The urbanization trend in these regions is propelling the demand for steel, which indirectly boosts the need for Silico Manganese. Furthermore, government initiatives and funding in these areas are accelerating construction activities, thereby augmenting the market's expansion.

Technological advancements in steel production processes are also playing a crucial role in the growth of the Silico Manganese market. Innovations in production techniques and the development of new grades of Silico Manganese with enhanced properties are enabling manufacturers to meet the evolving requirements of end-users. For instance, the use of low carbon Silico Manganese in specialized steel products is gaining traction due to its superior performance characteristics. Such advancements are anticipated to create lucrative opportunities for market players in the coming years.

From a regional perspective, the Asia Pacific region holds the largest market share in the Silico Manganese market, driven by the rapid industrialization and urbanization in countries like China and India. North America and Europe are also significant markets due to the presence of established steel manufacturing industries and the rising demand for high-quality steel products. Latin America and the Middle East & Africa regions are expected to witness moderate growth, supported by infrastructure development and industrialization efforts.

Grade Analysis

The Silico Manganese market is segmented by grade into high carbon, medium carbon, and low carbon. High carbon Silico Manganese dominates the market due to its extensive use in standard steel production. It is preferred for its ability to improve the mechanical properties of steel, making it suitable for a wide range of applications, including construction and automotive. Additionally, high carbon Silico Manganese is more cost-effective, making it a popular choice among steel manufacturers.

Medium carbon Silico Manganese is gaining traction due to its balanced properties. It offers a good mix of strength and ductility, making it suitable for specific applications where these properties are crucial. This grade is increasingly being used in specialized steel products and components, such as those in the automotive and aerospace industries. The demand for medium carbon Silico Manganese is expected to grow steadily, driven by the need for high-performance materials in various industrial applications.

Low carbon Silico Manganese, although a smaller segment, is witnessing significant growth due to its superior characteristics. It is used in the production of high-quality steel products that require excellent strength and toughness. The aerospace industry, in particular, prefers low carbon Silico Manganese for manufacturing lightweight yet strong components. The growing demand for advanced materials in high-tech industries is expected to drive the growth of this segment in the coming years.

Each grade of Silico Manganese offers unique advantages, making them suitable for different applications. The choice of grade depends on factors such as cost, required properties, and specific application requirements. As industries continue to evolve and demand more spe

The manganese mining market is experiencing robust growth, driven by increasing demand from key sectors like metallurgy (steel production), chemicals (fertilizers and batteries), and electronics (capacitors and resistors). The market's Compound Annual Growth Rate (CAGR) is estimated to be around 5% based on typical growth rates within the mining sector and considering factors like increasing urbanization and industrialization, which fuel demand for steel and other manganese-containing products. The market size in 2025 is projected to be approximately $15 billion USD, with a steady increase anticipated through 2033. Major players like Assmang, BHP, and Vale dominate the market, leveraging their established mining operations and global reach. However, the market also faces restraints including price volatility due to fluctuating supply and demand, environmental concerns regarding mining practices, and the potential for substitution by alternative materials in certain applications. The market is segmented by application (metallurgy, chemicals, electronics, agriculture) and type (braunite, pyrolusite, psilomelane, rhodochrosite), with metallurgy currently holding the largest market share. Geographical distribution shows strong presence in regions like Asia-Pacific (China and India are key consumers and producers), followed by North America and Europe. Future growth will likely be influenced by technological advancements in mining techniques, exploration of new deposits, and stricter environmental regulations. The competitive landscape is characterized by a combination of large multinational corporations and smaller regional players. Technological advancements in exploration and extraction are enabling efficient and sustainable manganese mining practices. Further growth will hinge on successful efforts to address environmental concerns, manage price fluctuations, and invest in research and development to explore alternative applications for manganese. The expansion into newer applications, like renewable energy storage (batteries), presents significant opportunities for the market to further expand. Emerging economies in Asia and Africa are expected to contribute significantly to the market's growth in the forecast period due to infrastructure development and industrialization initiatives. Stringent regulations on mining operations are driving companies towards more sustainable and responsible practices, impacting the overall market dynamics.