The global electrolytic manganese dioxide market size is expected to reach USD 2.55 billion by 2030, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 7.1% 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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In terms of application, batteries segment led the market with a share of 90.0 % in 2022. 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
Grand View Research has segmented the electrolytic manganese dioxide market on the basis of application and region:
Electrolytic Manganese Dioxide Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Batteries
Alkaline Batteries
Zinc-carbon Batteries
Li-ion Batteries
Water Treatment
Others
Electrolytic Manganese Dioxide Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Russia
Poland
Asia Pacific
China
India
Japan
South Korea
Australia
Central & South America
Brazil
Middle East & Africa
UAE
List of Key Players in Electrolytic Manganese Dioxide Market
Tosoh Corp.
Mesa Minerals Ltd. (Mesa)
Tronox Ltd.
Prince International Corp.
American Manganese Inc.
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