Global Manganese Mining Market Overview
The manganese mining market Size was estimated at 10.18 (USD Billion) in 2022. The manganese mining market is expected to grow from 10.73 (USD Billion) in 2023 to 17.2 (USD Billion) by 2032. The manganese mining market CAGR (growth rate) is expected to be around 5.38% during the forecast period (2024 - 2032).
Key Manganese Mining Market Trends Highlighted
Growing demand from steel producers has an impact on the market for manganese mining. The demand for manganese is driven by its widespread use in the production of stainless steel, especially in growing economies such as China and India.
The market's rise is further aided by the construction, aerospace, and automotive industries' consistent growth.
Technological developments in beneficiation methods and mining operations are among the latest trends in the manganese mining industry. The objectives of these developments are to increase environmental sustainability, lower costs, and increase efficiency.
To keep up with demand, more attention is being paid to finding and exploiting new manganese-rich sources.
Growing worldwide steel production, an increase in the need for manganese alloys in batteries for electric vehicles, and government programs supporting renewable energy projects are major market drivers.
Due to these considerations, mining firms have the opportunity to grow and meet the increasing demands of the market.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Manganese Mining Market Drivers
Growing Demand for Steel Production
Manganese Mining Market has some Key drivers. The increasing demand for steel is one and Steel is regarded to be the largest application area in which Manganese is used, it is applied in the production of construction materials, manufacturing plates, and automotive, the demand for steel is increasing with the increase in population and urbanization.
The growing infrastructure, specifically in Asian countries along the Belt and Road Initiative, is expected to be a significant growth booster for the manganese mining market.
With an increase in road and rail developments, a higher rate of steel is required which results in an increase in Manganese. Since 2015, Manganese has been on a decent upward trajectory; the manganese market has shown flexibility in supply.
The construction sector is one of the largest industries that consume steel, there an increase in the industry results in a higher demand for manganese. The automotive industry is another industry that is a significant consumer of steel, with the increased production of vehicles, it further increases the demand for manganese.
Increasing Use in Lithium-Ion Batteries
Manganese is used in the production of lithium-ion batteries. The batteries are widely used in electric vehicles and with the increasing demand of electric vehicles coming to the existence, the demand of manganese is expected to increase.
Batteries are also used in laptops, smartphones, and power tools, among other electronic devices. As the demand for this equipment increases, the demand for manganese is bound to rise.
Government Support for Manganese Mining
Governments in various countries are providing support to the manganese mining industry. This support includes financial incentives, such as tax breaks and subsidies.
Governments are also investing in research and development to improve the efficiency of manganese mining operations.
The manganese mining market is expected to benefit from government support, as it will help to reduce the cost of production and improve the profitability of manganese mining operations.
Manganese Mining Market Segment Insights
Manganese Mining Market Mining Method Insights
The manganese mining market is segmented by mining method. The mining method segment is sub-segmented into open pit mining and underground mining. Open-pit mining is the most common method of manganese mining, accounting for over 80% of production.
This method involves the excavation of a large open pit in the ground, from which the manganese ore is extracted. Open pit mining is typically used for large-scale operations, and it is the most cost-effective method for mining manganese ores that are located close to the surface. Underground mining is a less common method of manganese mining, accounting for less than 20% of production.
This method involves the excavation of underground tunnels and shafts, from which the manganese ore is extracted. Underground mining is typically used for smaller-scale operations, and it is more expensive than open pit mining.
However, it can be used to extract manganese ores that are located deep underground. The choice of mining method depends on a number of factors, including the size of the deposit, the depth of the deposit, the topography of the area and the cost of mining. The growth of the market is expected to be driven by the increasing demand for manganese in the steel industry.
Manganese is used in the production of steel, and it is essential for the production of high-strength steel. The growing demand for steel in emerging economies, such as China and India, is expected to drive the growth of the manganese mining market.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Manganese Mining Market Manganese Grade Insights
The manganese mining market is segmented by Manganese Grade into Low Grade, Medium Grade, High Grade, and Metallurgical Grade. The Metallurgical Grade segment registered the largest market share in 2023, and the segment is anticipated to dominate through the forecast period.
The growth of the segment is attributed to the increased need for manganese in the production of steel. The Low-grade segment is anticipated to observe the highest growth during the forecast period since there is an increasing demand for low-grade manganese ore needed in the production of fertilizers and other industries.
Manganese Mining Market End-Use Industry Insights
The End-Use Industry segment plays a pivotal role in shaping the manganese mining market. 'Steel Production' dominates the market, accounting for over 55% of the revenue in 2023. The robust demand for manganese in steelmaking, primarily for strengthening and deoxidizing steel alloys, drives this segment's growth.
Battery Manufacturing is another significant segment, projected to witness a CAGR of 6.5% during 2024-2032. The increasing adoption of electric vehicles and the growing need for energy storage systems are fueling the demand for manganese in battery cathodes.
'Chemical Manufacturing' holds a substantial share, utilizing manganese in various chemical processes, including the production of glass, fertilizers, and pigments.
Other Industries, encompassing applications in electronics, agriculture, and construction, are expected to contribute to the overall market growth.
These insights highlight the diverse end-use industries that drive the manganese mining market, providing valuable information for stakeholders to make informed decisions and capitalize on growth opportunities.
Manganese Mining Market Manganese Ore Type Insights
The Manganese Ore Type segment is a crucial aspect of the manganese mining market, with various types of manganese ore contributing to the industry's overall dynamics. Pyrolusite, psilomelane, and rhodochrosite are prominent manganese ore types, each possessing distinct characteristics and applications.
Pyrolusite, known for its high manganese content and purity, is widely used in the production of batteries and other electrochemical applications. Psilomelane, with its complex mineralogical composition, finds applications in the manufacturing of glass, ceramics, and fertilizers.
Rhodochrosite, a relatively rare manganese ore, is primarily utilized as an ornamental stone and in jewelry making. Other manganese ore types, such as braunite and manganite, also contribute to the market's diversity and cater to specific industry requirements.
The manganese mining market revenue for the Manganese Ore Type segment is expected to witness steady growth in the coming years, driven by increasing demand from various end-use industries, including steelmaking, battery manufacturing, and chemical production
Manganese Mining Market Processing Technique Insights
The manganese mining market is segmented by Processing Technique into Beneficiation, Sintering, and Agglomeration. Beneficiation is the most common processing technique, accounting for over 50% of the market revenue in 2023.
Beneficiation involves physically separating manganese ore from impurities to improve its quality and concentration. Sintering is another important processing technique, which involves heating manganese ore at high temperatures to form a solid mass. Sintering enhances the strength and reduces the porosity of the ore, making it suitable for use in various applications.
Agglomeration is a process of combining fine manganese particles into larger, more manageable units. This technique is often used to improve the handling and transportation of manganese ore.
The choice of processing technique depends on the specific characteristics of the manganese ore and the intended application.
Manganese Mining Market Regional Insights
The regional segmentation of the manganese mining market provides insights into the market's performance and growth potential in different geographic regions. North America held a significant market share in 2023, with a revenue of USD 2.5 billion.
This region is expected to maintain its dominance throughout the forecast period due to the presence of major manganese mining companies and the increasing demand for manganese in the automotive and steel industries. Europe accounted for a market share of USD 2.2 billion in 2023, driven by the growing demand for manganese in the steel sector.
The APAC region is anticipated to witness substantial growth over the forecast period, with a CAGR of 6.2%, owing to the rising demand for manganese in the construction and infrastructure sectors.
South America and MEA are expected to contribute a smaller share of the overall market revenue, but they are projected to experience steady growth during the forecast period.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Manganese Mining Market Key Players and Competitive Insights
The manganese mining market has witnessed a dynamic competitive landscape with several major players vying for market share. Leading manganese mining market players have been focusing on expanding their presence, investing in research and development, and adopting sustainable mining practices.
This has resulted in intense competition in the market, driving innovation and cost optimization. Key market players continuously monitor market trends, consumer preferences, and technological advancements to maintain their competitive edge.
Strategic partnerships, mergers, and acquisitions have also shaped the competitive landscape as companies seek to consolidate their market position and gain access to new markets.
South32 is a leading mining and metals company with a significant presence in the manganese mining market. The company operates manganese mines in Australia and South Africa, producing high-quality manganese ore for various industrial applications.
South32 is committed to responsible mining practices and has implemented initiatives to minimize environmental impact and promote sustainable development.
The company's focus on innovation and customer satisfaction has enabled it to maintain its position as a leading player in the manganese mining industry.
Another major player in the manganese mining market is BHP. The company has a diversified portfolio of mining operations, including manganese mines in Australia and Brazil. BHP is known for its large-scale mining operations and its commitment to safety and sustainability.
The company has invested heavily in research and development to improve its mining efficiency and reduce environmental impact. BHP's strong financial position and presence allow it to compete effectively in the manganese mining market.
Key Companies in the manganese mining market Include
- Fortescue Metals Group
- Teck Resources
- Eramet
- BHP Group
- Shougang Group
- OM Holdings
- Anglo American
- NRG Metals
- Glencore
- Vale S.A.
- Assmang
- CITIC Metal
- AustSino Resources Group
- Renova Resources
- South32
Manganese Mining Market Developments
The increasing demand from the steel industry, particularly in emerging economies like China and India, is driving market growth. The automotive sector is also a significant consumer of manganese, employed in the production of high-strength steel for vehicle components.
Moreover, the growing adoption of electric vehicles, which require more manganese-intensive batteries, is expected to further boost market demand.
Recent news developments include the announcement by BHP, one of the leading manganese mining companies, to invest USD 5.7 billion in expanding its operations in Australia. The company aims to increase its manganese production capacity to meet the rising demand for electric vehicle batteries.
Additionally, the discovery of new manganese deposits in countries like Gabon and Brazil is anticipated to contribute to the market's future growth.
Manganese Mining Market Segmentation Insights
- Manganese Mining Market Mining Method Outlook
- Open Pit Mining
- Underground Mining
- Manganese Mining Market Manganese Grade Outlook
- Low Grade
- Medium Grade
- High Grade
- Metallurgical Grade
- Manganese Mining Market End-Use Industry Outlook
- Steel Production
- Battery Manufacturing
- Chemical Manufacturing
- Other Industries
- Manganese Mining Market Manganese Ore Type Outlook
- Pyrolusite
- Psilomelane
- Rhodochrosite
- Other Manganese Ore Types
- Manganese Mining Market Processing Technique Outlook
- Beneficiation
- Sintering
- Agglomeration
- Manganese Mining Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
10.18(USD Billion) |
| Market Size 2023 |
10.73(USD Billion) |
| Market Size 2032 |
17.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.38% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Fortescue Metals Group, Teck Resources, Eramet, BHP Group, Shougang Group, OM Holdings, Anglo American, NRG Metals, Glencore, Vale S.A., Assmang, CITIC Metal, AustSino Resources Group, Renova Resources, South32 |
| Segments Covered |
Mining Method, Manganese Grade, End-Use Industry, Manganese Ore Type, Processing Technique, Regional |
| Key Market Opportunities |
Increasing demand for manganese in steel production Growing use of electric vehicle batteries Expanding applications in electronics and medical devices Rising infrastructure development Favorable government policies |
| Key Market Dynamics |
Rising steel production Increasing demand for EVs Depletion of high-grade manganese reserves stringent environmental regulations Technological advancements |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The manganese mining market size was valued at USD 10.73 billion in 2023 and is projected to reach USD 17.2 billion by 2032, exhibiting a CAGR of 5.38% during the forecast period.
Asia-Pacific is expected to dominate the manganese mining market, accounting for the largest market share due to the presence of major manganese producers such as China, India, and Australia.
Rising demand for manganese in steel production, growing electric vehicle industry, and increasing urbanization are the key growth drivers for the manganese mining market.
Manganese is primarily used in steel production, accounting for around 90% of demand. It is also used in alloys, batteries, and fertilizers.
Major players in the manganese mining market include BHP, Rio Tinto, Vale, South32, and Anglo American.
Depletion of high-grade manganese ore reserves, environmental regulations, and price volatility are the key challenges faced by the manganese mining market.
The manganese mining market is expected to exhibit a CAGR of 5.38% during the forecast period from 2024 to 2032.
The steel production segment is expected to hold the largest market share in the manganese mining market due to the extensive use of manganese in steelmaking.
The manganese mining market is expected to reach USD 17.2 billion by 2032.
Rising demand for steel, increasing urbanization, and the growing electric vehicle industry are contributing to the growth of the manganese mining market.
