This market research report presents a detailed segmentation of the global manganese mining market by application (alloys and others), by metallurgical applications (high-carbon ferromanganese, refined ferromanganese, and silicomanganese), and by geography (the Americas, APAC, and EMEA). The leading vendors in this market are Assmang, BHP Billiton, Consolidated Minerals, ERAMET, and Vale.
Technavio has released a new market research report on the global manganese mining market, which is expected to grow at a CAGR of 4% between 2016 and 2020. Increase in industrialization and urbanization has driven the demand for increase, thereby accelerating growth of the manganese market. Around 90% of manganese alloys are used in the production of steel. Manganese is used or deoxidization and desulfuration of steel. The market is expected to witness steady growth in the coming years owing to growing demand for steel. APAC is the leading region in the global manganese mining market, owing to the high demand for manganese from the automobile and construction sectors.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“One of the latest trends in the manganese mining market is the recent increase in transportation networks. Since transporting ores to smelters and producers adds to the total operating cost, transportation companies like Transnet are investing in infrastructure to bring down expenditures. South Africa’s Transnet is building a new terminal at Ngqura Port so that the ores reach production facilities faster. By 2020, the new port will have the capacity to handle over 16 million metric tons of ore,” says Chandrakumar Badala Jaganathan, Lead Analyst, Chemicals & Materials, Technavio Research
A vast majority of the manganese ore mined around the world is used as an alloying element. Among all the manganese alloys, steel is the leading the market with a share of close to 77%. This segment’s growth during the forecast period will be steady as most of the demand for steel is driven by industrialization and urbanization.
The leading vendors in the global manganese mining market include Assmang, BHP Billiton, Consolidated Minerals, ERAMET, and Vale. This market consists of a few vendors that compete with each other to gain maximum market shares. The industry is divided into three levels – ore mining, alloy production, and steel production. Around two-thirds of the market is dominated by high-grade ore producers and the rest by low-grade producers. Alloy production is shared by both high and low-grade manufacturers and integrated as well as independent alloy smelters.
A more detailed analysis is available in the Technavio report, Global Manganese Mining Market 2016-2020
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