Manganese Oxides Market
The market for Manganese Oxides was estimated at $1.4 billion in 2024; it is anticipated to increase to $2.0 billion by 2030, with projections indicating growth to around $2.7 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Manganese Oxides Market Outlook
Revenue, 2024
$1.4B
Forecast, 2034
$2.5B
CAGR, 2025 - 2034
6.4%
The Manganese Oxides industry revenue is expected to be around $1.4 billion in 2025 and expected to showcase growth with 6.4% CAGR between 2025 and 2034. The surging demand for Manganese Oxides stems from its pivotal role across numerous industries. Powering the robust expansion are key driving factors such as the rise in industrial applications, technological advancements, and increased usage in the battery industry where Manganese Oxides are the primary component of cathodes. The consistent development and economic enhancements tied to the commodity position it as an integral part of the market landscape. The material also plays a critical role in removing toxic levels of iron in water bodies, further widening its significance and relevance in today's world.
Manganese Oxides is a multifaceted compound characterized by its diverse features, cementing its position in various sectors of industry. Known for its stability and versatility, it is predominantly used in batteries, ceramics, and pigments. Advanced technologies and innovations have expanded its use to include electronics where it is employed in data storage devices and transistors.
Market Key Insights
- The Manganese Oxides market is projected to grow from $1.4 billion in 2024 to $2.5 billion in 2034. This represents a CAGR of 6.4%, reflecting rising demand across Battery Production, Electronics and Water Treatment.
- ERACHEM Comilog, Prince International Corporation, Good Earth Tools Inc are among the leading players in this market, shaping its competitive landscape.
- China and U.S. are the top markets within the Manganese Oxides market and are expected to observe the growth CAGR of 4.2% to 6.1% between 2024 and 2030.
- Emerging markets including Indonesia, South Africa and Vietnam are expected to observe highest growth with CAGR ranging between 7.4% to 8.8%.
- Transition like Decarbonization and Manganese Oxides has greater influence in China and U.S. market's value chain; and is expected to add $63 million of additional value to Manganese Oxides industry revenue by 2030.
- The Manganese Oxides market is set to add $1.2 billion between 2024 and 2034, with manufacturer targeting Water Treatment & Fertilizers Application Sector projected to gain a larger market share.
- With Surging demand in battery manufacturing, and Expanding role in water treatment, Manganese Oxides market to expand 86% between 2024 and 2034.
Opportunities in the Manganese Oxides
Despite the existing demand, there are also untapped market segments where Manganese Oxides can be exploited. For instance, its integration in next-generation battery technology can drive industry growth, as it can significantly increase power density and cycle stability.
Growth Opportunities in North America and Europe
In the North American market, the demand for manganese oxides is largely driven by industries such as batteries, ceramics, and environmental chemicals. The rapid expansion of the electronics industry, particularly in the U. S., is creating a surge in demand for high-efficient batteries, thereby elevating the growth prospects of the manganese oxides industry. While competition is stiff in this market, the presence of numerous key players and continuous technological advances present ample opportunities for companies offering innovative and eco-friendly products. Additionally, the influence of stringent environmental regulations propels the need for advanced purification technologies, facilitating the usage of manganese oxide-based treatment solutions, amplifying the market trend.
Consistent with the global trend, the consumption of manganese oxides in Europe is also expansive, encompassing industries like agriculture, water treatment, and porous ceramics. The primary growth driver in this region is the increasing shift towards renewable energy sources, demanding effective energy storage systems with manganese oxide applications. The competitive landscape is distinct, with a mix of domestic and international players, where consistent innovation and compliance with environmental standards steer pockets of opportunities. However, the regions demand growth is further elaborated by the rising emphasis on sustainable farming practices, thereby employing manganese oxides as an essential nutrient in soil amendment products. This, in turn, magnifies the growth trajectory of the market.
Market Dynamics and Supply Chain
01
Driver: Surging Demand in Battery Manufacturing, and Technological Advancements in Biomedicine
The burgeoning requirement for manganese oxides in battery manufacturing forms a significant market.Notably, the compounds usage in the production of alkaline batteries, lithium-ion batteries, and Zinc-Carbon batteries cannot be overemphasized. With the growing necessity for sustainable and renewable energy sources, the battery industry is also placing its bet on advanced and efficient batteries, propelling the need for manganese oxides further. Technological advancements in biomedical applications is also the third propelling the manganese oxides market. Application of manganese oxides in medical imaging and in biomedical research as contrast agents is also witnessing substantial growth, driven by technological advancements and the expanding healthcare sector worldwide.
The expanding role of manganese oxides is also yet another promising factor spurring growth in the market. Manganese oxides play a crucial role as an oxidation agent in water treatment processes, purifying water by removing iron, arsenic, and other detrimental elements. Current trends indicating an increase in water pollution across the globe, coupled with stringent environmental regulations, are also leading to the wider adoption of manganese oxides in water treatment applications.
02
Restraint: High Production Costs
Manganese Oxides hold great potential when it comes to their applications in various fields, yet their high production costs can act as a market.The intricate process of Manganese Oxides production requires significant investments in equipment and technology, potentially driving up final product prices. This implies that economic viability is a critical factor limiting wider adoption of Manganese Oxides, primarily in cost-sensitive markets where consumers may opt for cheaper alternatives
03
Opportunity: Strategic Collaborations and Technological Innovation and Development
There exist numerous opportunities in strategic collaborations, especially between Manganese Oxides manufacturers and electronic companies. The electronics sector presents a significant market for Manganese Oxides, particularly in the manufacture of thin films and glass electronics. These strategic collaborations can help companies tap into this potential market and further expand their customer base.
The push for greener and more sustainable solutions has spurred technological innovations, and Manganese Oxides can capitalize on this. Its use in environmental applications such as waste water treatment could provide new growth opportunities because of its capacity to absorb and degrade organic pollutants.
04
Challenge: Stringent Regulatory Environment
Another key challenge facing the Manganese Oxides industry is the stringent regulatory environment. Governments around the globe have several protocols in place for industries dealing with heavy metals, due to their potential impact on the environment and living organisms health. The Manganese Oxides market, being one of them, has to navigate through these tight regulations, requiring the industry to adopt expensive compliance measures. This can slow down growth momentum, especially in regions where controls are particularly strict, thus impeding market expansion.
Supply Chain Landscape
1
Material Suppliers
Assmang LimitedBHP Billiton Limited
2
Intermediate Product Manufacturers
Eramet GroupSouth32 Limited
3
Producers
Elkem ASAFerroglobe PLC
4
End-user
BatteriesSteelmakingAerospaceGlass
1
Material Suppliers
Assmang LimitedBHP Billiton Limited
2
Intermediate Product Manufacturers
Eramet GroupSouth32 Limited
3
Producers
Elkem ASAFerroglobe PLC
4
End-user
BatteriesSteelmakingAerospaceGlass
Use Cases of Manganese Oxides in Battery Production & Electronics
Battery Production : In the world of battery manufacture, Manganese Oxides are indispensable. Predominantly, they are employed in the production of alkaline, lithium, and zinc-carbon batteries due to their excellent electrochemical properties. The use of Manganese Oxides in battery production boosts the energy density and extends the life span of the batteries. Top players in this sector include Duracell and Energizer - both recognized brands for their reliable, high-performance batteries.
Water Treatment : Water treatment is another arena where Manganese Oxides exhibit their prowess. They are utilized to oxidize and precipitate out contaminants such as iron and hydrogen sulfide from water, enhancing its quality and suitability for use. In this application, Pyrolusite is the most widely used Manganese Oxide, valued for its oxidizing properties. Companies like Hydrite and Aries Chemical stand out in this arena for their comprehensive water treatment solutions.
Electronics : Manganese Oxides play a significant role in electronics, serving as components of varistors devices used to protect circuits against excess transient voltages. Manganese oxide and Manganese Dioxide are the variants commonly used in varistors due to their semiconducting properties. Elite players in the electronics sector include Siemens and Honeywell, both giants renowned for their innovative and resilient electronic solutions.
Recent Developments
As a high-performance compound, Manganese Oxides are making major strides within diverse industries due to its robust utility and versatile applications. Recent market trends showcase its escalating demand in energy storage solutions, the wastewater treatment sector, as well as the burgeoning field of catalytic converters. In the realm of energy storage, Manganese Oxides are showing promising outcomes, applauded for their superior energy density.
November 2024 : Johnson Matthey has revealed plans to expand its manganese oxides production facility to cater to the growing demand in the battery technology sector
September 2024 : Sigma-Aldrich launched a new line of high-purity manganese oxides, specifically targeting the biomedicalindustry'sneeds for a reliable supply of premium-grade raw materials
July 2024 : Tosoh Corporation, a leading provider of manganese oxides, secured a significant contract with an established electric vehicle manufacturer, indicating manganese oxides increasing relevance in modern automobile technology.
Impact of Industry Transitions on the Manganese Oxides Market
As a core segment of the Specialty Chemicals industry,
the Manganese Oxides market develops in line with broader industry shifts.
Over recent years, transitions such as Decarbonization and Manganese Oxides and Manganese Oxides in Water Treatment have redefined priorities
across the Specialty Chemicals sector,
influencing how the Manganese Oxides market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Decarbonization and Manganese Oxides
The decarbonization transition in various industries has shown significant growth in the demand for Manganese Oxides. This mineral is crucial in the production of lowcarbon technologies, particularly in the efficient manufacturing of lithiumion batteries for electric vehicles. Its unique electrochemical properties improve battery capacity, reliability, and safety, effectively responding to global initiatives for sustainable energy sources and climate change solutions. This has implications not only just in the automotive industry, but also in renewable energy sectors where advanced energy storage systems are required. This transition to decarbonization encourages more sustainable practices, fostering innovation and market growth for Manganese Oxides.
02
Manganese Oxides in Water Treatment
In the water treatment industry, there has been a notable transition towards the use of Manganese Oxides. Soluble manganese is a common problem in water supplies, which can lead to aesthetic issues such as staining and taste and odor problems. Manganese Oxides have the ability to oxidize and precipitate manganese, effectively treating contaminated water supplies.