Manganese Alloys Market _ Global Industry Report, 2031

1. 1/9/23, 5:59 PM Manganese Alloys Market | Global Industry Report, 2031 Search report Keywords Home / Chemicals And Materials / Chemicals / Manganese Alloys Market Manganese Alloys Market Rep Id : TMRGL63102 Manganese Alloys Market (Type: High Carbon Ferromanganese, Refined Ferromanganese, September 2022 Silicomanganese) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031 Chemicals And Materials 249 Pages Report Preview Table of Content Transparency Plus Download FREE Sample Manganese Alloys Market Outlook 2031 The global manganese alloys market was valued at US$ 23.1 Bn in 2021 It is estimated to expand at a CAGR of 5.9% from 2022 to 2031 The global manganese alloys market is expected to reach US$ 40.9 Bn by the end of 2031 Select License Type Single User license $5795 Analysts’ Viewpoint on Manganese Alloys Market Scenario Multi-User license $8795 Manganese is used as an alloying agent and its alloys are used in steel production, as it possesses Corporate license $11795 good hardenability, strength, formability and ductility. Manganese is primarily used in the steel industry where manganese is added mainly in the form of ferroalloys. Several types of manganese Buy Now alloys, or mangalloys, have been developed and are being marketed. The consumption of refined alloys with reduced carbon content is increasing due to increasing production of low carbon steels. Safe and Secure SSL Encrypted Manganese alloys are increasingly being used in the automotive industry to adopt lightweight Get A Special pricing for start-ups and universities. materials in order to comply with energy saving, safety, consumption reduction, and reduced material consumption. Manganese steel addresses this need effectively. Usage of manganese steel Request Discount as the main material for automobile manufacturing can contribute to reduce the body thickness and weight and also improve the safety performance of automobiles. Demand for lightweight automobiles in order to achieve weight reduction, fuel economy, and reduced CO2 emissions, further driving the demand for manganese alloys. - Need More Info? - Enquiry Before Buying Request Methodology Ask References Free Customization - Want to customize this report? - We employ Market Analysis, Benchmarking, Corporate Intelligence, and Technological Intelligence to understand specific requirements and customize report with a quick turnaround time in a dynamic business environment. We offer 100% Free Customization at the time of purchase Global Manganese Alloys Market Introduction Connect To Analyst Manganese is utilized in diverse industries including manufacturing, construction, machinery, transportation, textiles, medicine, and agriculture. Presently, 85% to 90% of total manganese demand is in the steelmaking industry. Ferromanganese and silicomanganese are the two types - Trusted Partners - of ferroalloys used in the production of steel. Common manganese alloy applications include creation of structural alloys, oxidizing agent, welding, and glazes & varnishes. Manganese is primarily utilized in the steel industry, where manganese is added majorly in the form of https://www.transparencymarketresearch.com/manganese-alloys-market.html 1/6

2. 1/9/23, 5:59 PM Manganese Alloys Market | Global Industry Report, 2031 ferroalloys. Several types of manganese alloys have been developed and they can be classified Quick Contact 866-552-3453 into high carbon ferromanganese, refined ferromanganese (medium and low-carbon), and silicomanganese SiMn/ (or Ferro silicomanganese, FeSiMn). +1-518-618-1030 Contact by email The global manganese alloys market is projected to grow at decent growth rate from 2022 to 2031, due to its heavy use in manufacturing steel that is used for fast-paced development in Why trust Us? 5 Million+ Market Data infrastructure industry and the automotive industry. Request a sample to get extensive insights into the Manganese Alloys Market Rising Demand for Sustainable Materials in Energy-efficient Buildings - Related Reports - Rapid urbanization, ever-increasing population, increase in capital availability in developing Phthalates and Bisphenol A Market countries, and increasing construction activities in emerging economies are expected to propel FCC Catalyst Market the growth of the construction and infrastructure market in the next few years. Demand for Lithium Silicate Market infrastructure support is massive owing to the migration of people from rural to urban areas in Printing Paper and Film Market search of employment. Increase in spending capacity of people in the developing countries SLS and LABSA Market propels the demand for infrastructure accordingly. Building construction companies are increasingly using green construction techniques to build energy-efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy- efficient buildings with minimal environmental impact. Therefore, construction companies are looking to source construction material in a sustainable manner and replace traditional material with high-performance, lightweight, durable and high strength in order to reduce installation and material cost. Increased Usage of Lightweight Materials in Automotive Industry Investments in the automotive industry across the globe have been increasing for the last few years. Increased spending and purchasing power has fueled demand in the automotive sector. The automotive industry is looking to manufacture vehicles that are lightweight due to the increased need for vehicles to be energy efficient. Therefore, the automotive industry is emphasizing on the adoption of lightweight materials in order to achieve energy saving, safety, and reduced material consumption in the manufacturing of automotive. Manganese steel addresses this need effectively. The use of manganese steel as the major component for automobile manufacturing can contribute to reduction in the body thickness and weight and improve the safety performance of automobiles. Request a custom report on Manganese Alloys Market Increase in Usage of Silicomanganese Alloy to Boost Market Based on type, the manganese alloys market has been split into high carbon ferromanganese, refined ferromanganese, and silicomanganese. The silicomanganese segment held major share of the global manganese alloys market in 2021. Silicomanganese is primarily used as an alloying agent for manufacturing steel. Silicomanganese is among the several superalloys used in the manufacture of steel, as it offers necessary strength, toughness, and hardness as required by the steel. Silicomanganese is a stronger de-oxidant as compared to high carbon. It enhances the natural properties of steel, providing increased strength and function, as well as improved esthetic appeal. Moreover, silicomanganese alloys can be used in applications beyond those associated with standard steel products. Increase in Usage of Manganese Alloys in Steel Industry: Application Segmentation Steel is widely used all around the world in construction and infrastructure sectors because of its strength. Moreover, it can be recycled repeatedly without loss of its properties. Steel is crucial in the development of the infrastructure of any economy. Rapid growth in the production of steel https://www.transparencymarketresearch.com/manganese-alloys-market.html 2/6

3. 1/9/23, 5:59 PM Manganese Alloys Market | Global Industry Report, 2031 worldwide due to expansion in construction industry significantly boosts the demand for manganese alloys worldwide. The addition of manganese makes the steel harder and more resistant to wear. This makes it an ideal choice for construction projects that require durability and strength. Contractors often choose manganese steel over other metals because it does not need a coating or any other form of surface treatment. Consumption of refined alloys with reduced carbon content is increasing due to rise in production of low carbon steels. Use of low carbon silico manganese in stainless steels and alloy steels provides a more cost-effective production route, where a combination of manganese and silicon is required in a low carbon steel product. High-carbon ferro manganese is the traditional form of manganese added to steels; however, its application is mostly limited to unalloyed and low-alloyed carbon steels. Medium and low carbon ferromanganese is used where the carbon content needs to be controlled and cannot be reduced after the addition of the ferroalloy. High carbon content provides desirable manganese alloy properties such as ductility, formability, strain hardening, and strength level parameters, which enables reducing the weight of vehicles and improvement in resistance against the effects of automobile accidents. Regional Outlook of Global Manganese Alloys Market In terms of value, Asia Pacific held major share of 77.4% in the global manganese alloys market in 2021. Asia Pacific is expected to be a highly attractive market during the forecast period. Demand for manganese alloys is rising rapidly due to the fast-paced growth of the construction industry and automotive industry. Demand for lightweight automobiles in order to achieve weight reduction, fuel economy, and reduced CO2 emissions further pushes the sales of manganese alloys. In terms of value, North America and Latin America also accounted for a prominent share of 47.6% and 27.3% share, respectively, of the global manganese alloys market in 2021. The manganese alloy market outlook for North America and Latin America market is positive, and the market in these regions is projected to grow at CAGR of 5.5% and 5.3%, respectively, during the forecast period. Analysis of Key Players in Global Manganese Alloys Market The global manganese alloys market harbors a large number of manufacturers that are trying to remain competitive and sustain in the rapidly growing market and to meet the ever-growing demand of manganese alloys. To achieve this, players focus on strategies such as vertical integrations across the value chain, mergers, and acquisitions that helps them remain competitive in the industry. Eramet S.A., Ferroglobe, Maithan Alloys Ltd., South32 and Pertama Ferroalloys Sdn. Bhd. are the prominent entities operating in the market. Key Developments in Global Manganese Alloys Market On May 31, 2021, Maithan Alloys Ltd. announced the acquisition of Impex Metals & Ferro Alloys (IMFAL). The main objective of this acquisition was to expand and increase production capacity of company by 49,500 TPA of silicomanganese or 70,355 tons per annum of ferro manganese. On April 06, 2021, Salasar Techno Engineering launched heavy steel manufacturing plant in Uttar Pradesh, India, which has a capacity of 15,000 tons per annum of structural steel Each of these players has been profiled in the manganese alloys market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments. https://www.transparencymarketresearch.com/manganese-alloys-market.html 3/6

4. 1/9/23, 5:59 PM Manganese Alloys Market | Global Industry Report, 2031 Global Manganese Alloys Market Snapshot Attribute Detail Market Size US$ 23.1 Bn Value in 2021 Market Forecast US$ 40.9 Bn Value in 2031 Growth Rate 5.9% (CAGR) Forecast Period 2022–2031 Historical Data 2020 Available for Quantitative US$ Bn for Value and Kilo Tons for Volume Units It includes cross segment analysis at Europe as well as country level. Furthermore, qualitative analysis includes drivers, restraints, Market Analysis opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. Market share analysis by company (2021) Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials Competition Landscape Format Electronic (PDF) + Excel Type High Carbon Ferromanganese Refined Ferromanganese Silicomanganese Application Steel Superalloys Others Market Segmentation North America Europe Asia Pacific Middle East and Africa Latin America Regions Covered https://www.transparencymarketresearch.com/manganese-alloys-market.html 4/6

5. 1/9/23, 5:59 PM Manganese Alloys Market | Global Industry Report, 2031 U.S. Canada Germany U.K. France Italy Spain Russia & CIS Rest of Europe China India Australia ASEAN Rest of Asia Pacific GCC South Africa Rest of Middle East & Africa Brazil Mexico Rest of Latin America Countries Covered Eramet S.A Ferroglobe Maithan Alloys Ltd. Monnet Group Gulf Manganese Corporation Ltd. South32 Nippon Denko OM Holdings Ltd. Vale Transalloys (PTY) Ltd. Marubeni Tetsugen Co., Ltd Pertama Ferroalloys Sdn. Bhd Companies Profiled Customization Available upon request Scope Pricing Available upon request Interested in this report? Get a FREE Brochure now! Get Free Brochure *Get Brochure Report (PDF) sent to your email within minutes Frequently Asked Questions How big was the manganese alloys market in 2021? https://www.transparencymarketresearch.com/manganese-alloys-market.html 5/6

6. 1/9/23, 5:59 PM Manganese Alloys Market | Global Industry Report, 2031 The manganese alloys market stood at US$ 23.1 Bn in 2021. How is the market expected to grow by 2031? What are the key drivers of the manganese alloys market? Which was the largest segment in the manganese alloys market in 2021? Which region was the most lucrative in the manganese alloys market in 2021? Who are the prominent players in the manganese alloys market? - Help - - Follow Us - Terms Of UseCustomer FAQHow To OrderPrivacy PolicySitemap U.S Sales Office Corporate Headquarter Reach Us +1-518-618-1030 State Tower, 90 State Street, Suite 700, Albany NY - 12207, United States Downtown, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA 866-552-3453 (US-Canada Toll Free) sales@transparencymarketresearch.com Trust Online Copyright © Transparency Market Research, Inc. All Rights reserved https://www.transparencymarketresearch.com/manganese-alloys-market.html 6/6