Electrolytic Manganese Dioxide Market Likely To Touch At $2.01 Billion By 2025: Grand View Research Inc.
The global electrolytic
manganese dioxide market
size is expected to reach USD 2.01
Billion by 2025, according to a new report by Grand View Research, Inc. It
is anticipated to expand at a CAGR of
7.0% during the forecast period. Technological breakthroughs in the
industry coupled with the utilization of proficient batteries with long
lifespans and high energy levels are predicted to play a pivotal role in
driving the growth of the EMD market.
North America has been dominating the
EMD market owing to a surge in production. In Central and South America,
Colombia is anticipated to foresee steady progress in its EMD battery industry
owing to the wide-ranging R&D activities in battery production. To cater to
the surging demand for electrolytic manganese dioxide in various sectors,
companies have started enlarging their businesses through numerous strategies.
In 2016, Xiangtan Electrochemical Scientific Ltd. captured a market share of
12.2% and was the first company to initiate domestic EMD production to
substitute battery-grade EMD.
The electrolytic manganese dioxide
market witnessed a new progressive trend known as Hydrometallurgic Process,
which is an alternative route to extract manganese from low-grade manganese
oxide ores. It has the ability to convert manganese oxides into pure and
high-quality EMD and is further used in the production of lithium-ion and
alkaline battery. This development is anticipated to surge the acceptance and
demand for EMD in the forthcoming years.
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Further key findings from the report suggest:
·
In terms of application,
batteries segment led the market with a share of 91.3% in 2018. The segment is
expected to retain its pole position over the forecast period owing to
increasing production of electric vehicles across the globe
·
The regulatory guidelines aim
to decrease the usage of harmful substances, which will further surge the costs
of manganese mining, production rates, and profit for the manufacturers
·
North America is expected to
retain its position as the largest market for EMD over the forecast period with
countries such as U.S. and Canada favoring regional market growth. However, the
region is likely to lose share to Asia Pacific in the foreseeable future owing
to significant production of electric vehicles in countries such as China and
Japan
·
The relative cost of numerous
EMD grades production used for electrochemical batteries show the cost
comparison for grades, providing a strong motivation to develop the alkaline
based MnO2 production plant
One
in every three EVs in the world is in the U.S., wherein the EMD is employed in
the batteries of electric cathodes. Growth in the stringent regulations
regarding water treatment is expected to drive the demand for water treatment
systems in the forthcoming years, and in turn, propel the growth of the
electrolytic manganese dioxide market in near future.
Additionally,
the alkaline batteries are anticipated to witness growth in this developed
economy due to the various benefits such as huge capacity over an extensive
range of current drain and good shelf life. The U.S. is currently the largest
market for water treatment systems and is expected to witness higher growth in
the forthcoming years.
The
rise in demand for portable devices is expected to positively influence the
growth of the EMD market. Batteries retain the potential to absorb the damage
and fluctuations and provide constant power supply to electric and electronic
devices. Increasing demand for power backup in emerging economies such as
Vietnam, China, and India is likely to accelerate in the forthcoming years.
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Despite
the reduced prices of the international manganese ore, the market has foreseen
a fierce competition. Additionally, the EMD is highly fragmented in nature due
to declining prices and disappointing volumes. The top players in this market
have adopted sustainable strategies to procure high-quality raw materials for
long-term benefits. Along with this, these companies majorly concentrate on
product safety.
The
key market players are Tosoh Corporation, Mesa Minerals Limited; Tronox Limited;
Price International Corporation; American Manganese Inc.; Xiangtan
Electrochemical Scientific Ltd.; Micromesh Minerals & Metals; Qingdao
BassTech Co., Ltd.; and Metallics Mine-chem Pvt. Ltd.
Grand View Research has segmented the
electrolytic manganese dioxide market on the basis of application:
Electrolytic Manganese Dioxide (EMD) Application Outlook
(Volume, Tons; Revenue, USD Thousand, 2014 - 2025)
·
Batteries
o Alkaline Batteries
o Zinc-carbon Batteries
o Li-ion Batteries
·
Water Treatment
·
Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For
More Information:www.grandviewresearch.com
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