• In 2024, Eramet leveraged a market opportunity when South32 suspended exports from its Australian Groote Eylandt mine due to Tropical Cyclone Megan. This disruption led to a surge in global manganese prices, with Eramet reporting a 76% increase in production from its Gabon-based Moanda mine and a 27% rise in sales during the first quarter. The company anticipated a substantial impact on its adjusted EBITDA, estimating a €255 million increase for every $1/dmtu rise in manganese prices.

• In 2024, Exxaro Resources, a South African coal mining company, announced plans to diversify into critical minerals by acquiring manganese or copper assets. The company aimed to capitalize on the rising demand for minerals essential to clean energy technologies. Exxaro was conducting due diligence on potential acquisitions, with expectations to announce a deal within the year.

In this report, the Manganese Market has been segmented by Grade, Type, End User Industry and Geography.

Manganese Market, Segmentation by Grade

The Manganese Market has been segmented by Grade into High Carbon, and Refined.

High Carbon Manganese

High Carbon Manganese leads the manganese market, contributing to more than 65% of total consumption. This segment is predominantly used in steel manufacturing, thanks to its essential role in removing impurities like oxygen and sulfur. With growing demand from construction, automotive, and industrial sectors, High Carbon Manganese continues to see consistent growth worldwide.

Refined Manganese

Refined Manganese—which includes Electrolytic Manganese Metal (EMM) and Electrolytic Manganese Dioxide (EMD)—represents around 35% of the global market. It plays a vital role in producing batteries, especially for electric vehicles and energy storage systems. As the world shifts toward clean energy and sustainable mobility, demand for Refined Manganese is rapidly accelerating.

Manganese Market, Segmentation by Type

The Manganese Market has been segmented by Type into High Carbon Ferromanganese, Medium Carbon Ferromanganese, Low Carbon Ferromanganese, Silico-Manganese, Electrolyte Manganese Metal, and Electrolyte Manganese Dioxide.

High Carbon Ferromanganese

High Carbon Ferromanganese leads the manganese market, making up nearly 40% of global consumption. Known for its vital role in enhancing steel strength and durability, it's widely used in construction and industrial manufacturing. This segment continues to grow with infrastructure development across developing economies.

Medium Carbon Ferromanganese

Medium Carbon Ferromanganese accounts for around 15% of the total market and is preferred for specialized steel applications due to its controlled carbon levels. It’s particularly useful in producing low-phosphorus alloys, making it ideal for high-quality steel used in tools and machinery.

Low Carbon Ferromanganese

Low Carbon Ferromanganese contributes about 10% to global manganese usage. Its low carbon content makes it perfect for advanced steel grades in automotive and aerospace industries. The shift toward lightweight and high-strength steel is fueling demand for this precise alloy.

Silico-Manganese

Holding a market share of approximately 25%, Silico-Manganese is critical in both deoxidizing and alloying steel. It is widely used in infrastructure, shipbuilding, and machinery production. Its cost efficiency and performance make it a staple in the steel manufacturing value chain.

Electrolyte Manganese Metal

Electrolyte Manganese Metal (EMM) holds around 6% of market share and is key for applications requiring high-purity manganese, especially in aluminum alloys and stainless steel. Its growing relevance in battery materials is driven by surging electric vehicle production and energy-efficient technologies.

Electrolyte Manganese Dioxide

Electrolyte Manganese Dioxide (EMD), with about 4% market share, is a core material in the battery industry. It is essential for manufacturing lithium-ion and alkaline batteries. With the boom in consumer electronics and renewable energy storage, EMD demand is steadily rising.

Manganese Market, Segmentation by End User

The Manganese Market has been segmented by End User into Industrial, Construction, Power Storage and Electricity, and Other End-use Sectors.

Industrial

The industrial sector leads the manganese market by end use, accounting for about 45% of total consumption. Manganese is essential for manufacturing heavy machinery, industrial tools, and equipment used across various production facilities. Growth in manufacturing and industrial automation continues to support this segment's expansion globally.

Construction

Contributing nearly 30% of the market, the construction sector uses manganese primarily in steel reinforcement and structural materials. It plays a crucial role in infrastructure, residential, and commercial projects. Urban expansion and government spending on infrastructure upgrades are major growth drivers.

Power Storage and Electricity

With a share of approximately 15%, Power Storage and Electricity applications focus on manganese-based materials in battery production, especially energy storage systems and electric grids. Increasing adoption of renewable energy and electric vehicles is rapidly propelling this segment forward.

Other End-use Sectors

Other end-use industries comprise around 10% of global manganese demand and include chemical manufacturing, agriculture, and ceramics. While smaller in share, these sectors show steady growth as manganese finds new roles in non-metallic and functional applications.

Manganese Market, Segmentation by Geography

In this report, the Manganese Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Manganese Market Share (%), by Geographical Region

North America

North America comprises about 12% of the manganese market, supported by advanced industrial capabilities and a fast-growing electric vehicle market. The United States plays a pivotal role, with rising investments in battery materials and energy storage solutions enhancing regional demand.

Europe

Europe captures nearly 18% of global manganese consumption, fueled by its strong automotive and green energy sectors. Countries like Germany and France are focusing on sustainable steel manufacturing and EV production, which continues to drive manganese demand upward.

Asia Pacific

Asia Pacific dominates the manganese market with over 45% share, led by powerhouse economies such as China, India, and Japan. The region benefits from rapid urbanization, massive steel output, and expanding infrastructure investments, making it the key driver of global demand.

Middle East and Africa

Accounting for about 15%, this region is rich in natural manganese reserves—notably in South Africa—and sees growing use in construction, mining, and alloy production. Infrastructure growth and rising industrial output are enhancing manganese utilization across the region.

Latin America

With a share of around 10%, Latin America’s manganese market is driven by countries like Brazil and Mexico, which are expanding mining operations and investing in infrastructure and energy development. Regional growth is supported by increased exports and public sector projects.

This report provides an in depth analysis of various factors that impact the dynamics of Manganese Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers

• Increasing Demand for Steel Production
• Rising Adoption of Electric Vehicles
• Advancements in Battery Technologies

• Growing Use in Chemical and Agricultural Applications - The manganese market is gaining traction due to the rising demand for manganese in chemical and agricultural sectors. In chemical manufacturing, manganese is essential for producing compounds like manganese dioxide, which are widely used in battery cathodes, pigments, and various oxidation processes. Its application in water treatment also adds to its industrial relevance, as environmental regulations push for cleaner, more efficient technologies that rely on manganese-based agents.

  In agriculture, manganese serves as a vital micronutrient that supports photosynthesis, nitrogen assimilation, and enzyme activation in crops. With the growing emphasis on crop yield optimization and soil health, the use of manganese-enriched fertilizers is expanding, particularly in regions with manganese-deficient soils. This is especially important in emerging economies that aim to enhance food security through improved agricultural productivity.

  Sustainable farming practices are encouraging the integration of balanced micronutrient solutions that include manganese. As awareness grows among farmers and agronomists, and governments promote the adoption of fortified fertilizers, the agricultural application of manganese is expected to rise. These factors collectively reinforce manganese’s strategic role across both industrial and agronomic domains.

Restraints

• Volatility in Manganese Ore Prices
• Environmental and Regulatory Challenges
• Limited Availability of High-Quality Deposits

• High Production and Transportation Costs - Despite its wide range of applications, the manganese market faces a major constraint in the form of high production and transportation costs. The extraction and refinement of manganese are capital- and energy-intensive, particularly when producing high-purity variants for specialty applications like batteries. Meeting environmental and safety regulations further increases operational costs, putting pressure on manufacturers, especially in regions with stringent compliance requirements.

  Logistics also present a significant hurdle. Manganese is often mined in geographically isolated areas with limited infrastructure, leading to elevated transportation expenses and logistical inefficiencies. These challenges not only add to the overall supply chain costs but also create uncertainties in timely delivery, thereby affecting reliability for end-use industries.

  Global price volatility in fuel and currency exchange rates can significantly impact the cost structure of manganese production and distribution. Smaller producers, in particular, may struggle to remain competitive under these conditions, resulting in reduced market participation and potential supply constraints. The cumulative effect of these financial and operational burdens can limit the scalability of manganese operations, especially in cost-sensitive sectors.

Opportunities

• Expansion of Emerging Markets
• Development of Advanced Battery Materials
• Investment in Sustainable Mining Practices

• Growth in Renewable Energy Storage Solutions - Expanding demand for energy storage technologies is opening new opportunities for manganese, especially through its growing role in battery applications. Manganese is a crucial element in lithium-ion battery chemistries such as lithium manganese oxide (LMO) and nickel manganese cobalt (NMC). These formulations are popular for their stability, safety, and cost-effectiveness, making manganese an attractive alternative to more expensive materials like cobalt.

  As electric vehicles (EVs) and renewable energy storage systems gain momentum globally, the use of manganese in batteries is expected to accelerate. Manufacturers are prioritizing cost-efficient and scalable materials to meet surging demand, and manganese fits this need well. Its widespread availability further strengthens its position as a core material in the global energy transition.

  Public policy is also playing a crucial role. Government incentives for EV adoption and renewable energy investments are driving the need for large-scale battery storage, further elevating the demand for manganese. As these initiatives continue to expand, they are expected to stimulate both upstream and downstream growth in the manganese value chain.

  Looking forward, technological innovation in battery design and sustainable sourcing of raw materials will continue to shape the trajectory of the manganese market. With its increasing adoption in clean energy applications, manganese is poised to become a foundational element in the shift toward a low-carbon economy.

Key players in Manganese Market include :

• Eramet
• South32
• Vale S.A.
• MOIL Limited
• Assore Limited (Assmang Proprietary Limited)
• Anglo American PLC
• Mesa Minerals Limited
• Jupiter Mines Limited
• Ningxia Tianyuan Manganese Industry Group Co. Ltd
• Sibelco

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Market Share Analysis
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis