Growing Demand for Silicomanganese to Boost Global Manganese Mining Market

Published Date : May 09, 2016

ALBANY, New York, May 09, 2016 - has added a report, titled ‘Global Manganese Mining Market 2016-2020’ to its offerings. This report on the manganese mining market presents a thorough reports of the market. The report estimates, analyzes, and forecasts the global manganese mining market on the basis of revenue as well as volume in the forecast horizon 2016 to 2020. This report also evaluates the key restraining and driving factors along with their impact on the growth of the market in the forecast horizon. A detailed reports of the market has also been presented on the basis of applications. Furthermore, in terms of application, the study evaluates the attractiveness of all the key segments to facilitate accurate investment decisions.

Part one of the report begins by presenting the introduction of the market and its landscape. Manganese is the fifth most abundant metal and is often found in combination with a number of minerals such as pyrolusite, braunite, rhodochrosite, and psilomelane. Amongst these, pyrolusite is the most significant mineral ore. Manganese is an important industrial metal alloy utilized especially in steel production for the deoxidization and desulfuration; it helps in improving the wear resistance, tensile strength, hardness, and weldability of steel. While the majority of manganese mining takes place on land, techniques have been developed for mining manganese nodules within the ocean floor. Nowadays, the use of the latest compact mining equipment with advanced technology enables mining companies in the production of more valuable ore.

Moving ahead, the market segmentation has been presented. On the basis of metallurgical application, the manganese mining market is segmented into crude steel and others. By geography, the report segments the market into the Americas, Europe, the Middle East and Africa, and Asia Pacific (APAC). In the next part of the report, the key market dynamics such as market drivers, inhibitors, and trends have been highlighted.

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The rising development and industrialization within APAC and the growing demand for silicomanganese are amongst the top factors propelling the development of the market for manganese mining. In addition, the rising demand for primary alkaline batteries is also having a positive impact on the growth of the market. Furthermore, the increasing demand for stainless steel and the development of transportation networks worldwide have emerged as the top trends within this market. However, the energy crisis in South Africa, the depleting manganese content within ores, and the decreasing cost of manganese globally are the chief factors impeding the growth of the market for manganese mining.

In the last sections of the report, the vendor landscape section has been detailed. The major vendors operating in the market for manganese mining are BHP Billiton, Assmang, Consolidated Minerals, Vale, ERAMET, Sibelco, MOIL, and Tata Steel, among others.

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