Global Manganese Mining Market 2020-2024 | Advances in Manganese Battery Technology to Boost Market Growth | Technavio

LONDON--(BUSINESS WIRE)--Jan 29, 2020--

The manganese mining market is expected to grow by 5,385.13 thousand tons during 2020-2024 according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global manganese mining market 2020-2024. (Graphic: Business Wire)

The global manganese industry has witnessed significant technological advances over the years, which has made manganese vital for the production of batteries for use in electric vehicles and other renewable energy applications. For instance, Tesla’s Powerwall batteries use manganese. There are numerous advantages of manganese-based batteries over other battery chemistries, which makes manganese batteries the preferred choice. For instance, lithium manganese batteries deliver a higher voltage than other batteries of 3.8-4 volts but with lesser energy density. In addition, manganese is a safe and more environmentally benign cathode material when compared to other materials such as cobalt. These factors have led to growth of the manganese batteries market, which in turn will boost the growth of the manganese mining market over the forecast period.

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As per Technavio, the increasing adoption of stainless steel will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Manganese Mining Market: Increasing Adoption of Stainless Steel

Stainless steel is one of the commonly used metals in industrial applications due to its durability, yield strength, and resistance to corrosion. It is widely used in the mining and quarrying, chemicals, petrochemicals, electrical engineering, power generation, and food and beverage industries. Additives such as nickel, chromium, and manganese provide corrosion resistance and strength to stainless steel. They also provide resistance against mechanical damage. Thus, the increasing adoption of stainless steel will drive the growth of the manganese mining market during the forecast period.

“Factors such as the growing adoption of sustainable and non-combustible energy sources and the increasing demand for aluminum in the automotive industry will have a significant impact on the growth of the manganese mining market value during the forecast period,” says a senior analyst at Technavio.

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Manganese Mining Market: Segmentation Analysis

This market research report segments the manganese mining market by application (alloys and others), and geographic segmentation (APAC, Europe, MEA, North America and South America).

The APAC region led the manganese mining market in 2019, followed by Europe, North America, MEA and South America. During the forecast period, the APAC region is expected to register the highest incremental growth due to increasing automotive production in the region.

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Some of the key topics covered in the report include:

Application segmentation

  • Alloys
  • Others

Geographic segmentation

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]



SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 01/29/2020 12:00 PM/DISC: 01/29/2020 12:00 PM

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