Manganese Alloy Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players Eramet, FerroGlobe ,Maithan Alloys Ltd.

The global Manganese Alloy Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 7.5% during the review period (2022 to 2027)

Manganese Alloy Market Overview

Manganese (Mn) alloys are mixtures of metals and metalloids along with the manganese metal. Manganese, the fifth greatest abundant metal found in the Earth's crust, is a hard, brittle, and grey-white to silvery colored metal. Manganese is used as an alloying agent and manganese alloys are used in steel production as it helps to rise the hardenability aspect of steel. Alloys with a high manganese content also have properties such as formability, ductility, and strain hardening. These characteristics enhance resistance against any damage caused by mechanical effect. These alloys are processed into different levels of superalloys and steel and are used in different kinds of industrial applications. Some of the other properties that manganese lends to steel include stiffness, toughness, hardness, and wear resistance. With manganese alloys playing such an important role in enhancing steel’s properties, its usage could help boost the manganese alloys market. The manganese-based steel alloys have witnessed a rise in demand in automotive applications because of the max demand for weight saving to decrease the overall weight of the component. By adding manganese to steel, it helps form features such as high corrosion resistance, machinability, and high thermal conductivity. The steel demand is anticipated to rise swiftly because of a rise in capacity expansion in the automotive industry. The industry is expected to grow at a significant pace during the forecast period.

Industry News:

June 2018 – Maithan Alloy, a leading manufacturer and exporter of value-added manganese alloys completed the acquisition of Anjaney Minerals and Salanpur Sinters. Salanpur Sinters is involved in the casting of metals while Anjaney Minerals is involved in the mining of iron ores. This acquisition would help Maithan Alloys in steel production and expand its product offering.

In August 2020, South32 Ltd announced to sell its entire stake in manganese alloy smelter, Tasmanian Electro Metallurgical Company (TEMCO), to UK-based conglomerate GFG Alliance, thereby, has enhanced the business of GFG Alliance's business.

What are the major Applications, Types and Regions for Manganese Alloy Market?

By Type, it is segmented into

• Silicomanganese


• High Carbon – Ferromanganese


• Medium & Low Carbon – Ferromanganese


• Others

By Applications it is segmented into

• Steel Manufacturing


• Welding Accessories


• Foundry


• Others

Manganese Alloy Market Regional Analysis

The manganese alloy market size in Asia Pacific stood at USD 18,084.9 million in 2021. The progress is attributed to the rising adoption of high-carbon ferromanganese in the steel industry. In addition to this, the increasing production activity of steel in China will also fuel the demand in this region.

North America

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• Rest of the World
  
  
  
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The Manganese Alloy Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Manganese Alloy Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Manganese Alloy Market Report Scope?

Key Takeaways from this Manganese Alloy Report

• Evaluate Manganese Alloy market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Manganese Alloy market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The Manganese Alloy Market is studied from 2017 - 2027.

 What is the growth rate of Manganese Alloy Market?

The Manganese Alloy Market is growing at a CAGR of 7.5% over the next 5 years.

What regions does this Manganese Alloy Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.