Manganese Industry Global Demand, Sales, Suppliers, Analysis and Forecasts to 2027


Posted July 15, 2021 by Prasad2611

Market Research Future Publish New Market Research Report On-“Manganese Industry 2021 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2027”
 
Global Manganese Market – Regional Outlook

The MRFR report covers the key regions of Asia Pacific, Europe, Latin America, North America and the Middle East and Africa.

With more than 3/4th in 2018, Asia Pacific is leading the global market at the value of USD 11,947.8 million. Also, the regional market in Asia Pacific will be growing at the highest CAGR during the review period. Europe had been at the second position in the global market with the second-largest share in 2018, reaching the valuation of over USD 2,000 million.

The report, after carefully analyzing the market in Asia Pacific, acknowledges China to be the major contributor backed by its position as one of the largest automotive manufacturers in the region. There was a surge in the automotive production in the country by 3.19% in 2017 from 2016, with the total production estimated at 29,015,434 vehicles. There has been a tremendous rise in the number of railways, airports, roads, energy, water, and rural programs in the region. Besides, Japan has also noted a growth of 5.31% in the automotive sector in 2017 from 2016, with the manufacture of a total of 9,693,746 vehicles. Plus, the country boasts of well-established infrastructure with rise in transportation and the construction sector. Therefore, with the accelerated demand from a variety of end-user industries, the demand for Manganese Industry in the region is bound to observe a rapid growth from 2018 to 2023.

In Europe, the market for manganese in Russia ruled the region with highest share in 2018 and is expected to race ahead at the highest CAGR of 3.34% during the conjectured time frame. Following Russia is Germany with the second-largest share of over 20% in 2018, with the predictions that the market will grow at a CAGR of 2.96% in the country in the forthcoming years.

Industry Competitive Landscape

The top companies in the global manganese industry profiled by MRFR in the report include Autlán (Mexico), Mizushima Ferroalloy Co., Ltd (Japan), Accura Weldrods Kovai Pvt Ltd (India), Eramet (France), MOIL Limited (India), OM Holdings Ltd (Singapore), Sakura Ferroalloys (Malaysia), Mesa Minerals Limited (Australia), Metals and Alloys Corporation (India), Nippon Denko Co., Ltd (Japan), African Rainbow Minerals Ltd (South Africa), Afarak Group Plc (Finland), Transalloys (South Africa), Translloy India Pvt Ltd (India), and Ferro Alloys Corporation Limited (FACOR) (India).

Complete Report Details @https://www.marketresearchfuture.com/reports/manganese-market-7724

Market Highlights

As per the latest report by Market Research Future (MRFR), the global manganese market is estimated to reach the valuation of USD 32,586.9 Million by 2023. The report also states that the market will be expanding at a CAGR of 5.02% during the forecast period (2018-2023).

In the recent past, automotive industry has observed advancements in technology, and also in production. Manganese is an important part of the automotive sector, as it is used for the manufacturing of steel, which in turn is utilized in the manufacturing of chassis as well as body structure. Manganese helps increase the strength and the flexibility of steel. As per reports, the overall total motor vehicle production has surged by 2.36% from 2016 to 2017, manufacturing almost 97,302,534 vehicles in the time period.

Within the infrastructure sector, steel is used for constructing tunnels, bridges, ports, rail tracks, airports and railway stations. In the wake of increasing infrastructural investments by governments of developing economies like India, Brazil and China, the demand for manganese has been noted to increase at a high rate. This factor is projected to be a major driving force behind the strong growth of the Manganese Market in the coming years.



NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.



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Business Address Office No. 528/524, Amanora Chambers, Magarpatta Road, Hadapsar Pune, Maharashtra 411028
Country India
Categories Business , Industry , Manufacturing
Tags manganese industry
Last Updated July 15, 2021