Manganese Carbonate Market: Snapshot
Manganese carbonate is a water-insoluble compound of manganese that can be changed over into other manganese mixes, for example, manganese oxide by calcination. Manganese carbonate usually occur mineral rhodochrosite. It is accessible in various colors, for example, red, pink, yellow, gray, and brown. Also, manganese carbonate can be utilized in value-added applications, for example, glaze colorants. It can likewise be utilized as a substance middle of the road for union of other chemicals. Besides, manganese carbonate can be utilized as a hematinic as supplement a business.
According to Transparency Market Reassert TMR's, the global manganese carbonate market, which was evaluated in 2016 to be around US$322.2 mn, is anticipated to reach nearby worth of US$464.1 mn before the finish of 2023. The market will display a CAGR of 4.2% during the forecast period from 2015 and 2023.
By the by, the potential uses of manganese carbonate for the purpose of concrete staining is expected to support its deals in future. concrete staining is gradually developing as prominent strategy to make durable, decorate, and simple to keep up home surfaces. The rising utilization of manganese carbonate to recolor solid surfaces will reinforce its scope in the future years.
Increased Usage of Manganese Carbonate as Micronutrient to Help Global Demand
The rising utilization of manganese carbonate as an important farming micronutrient will extensively fuel their deals. This chemical is regularly added to plant composts as a treatment for crops with manganese-insufficiency. Farming part still holds strength over a few rising economies in Latin America and Asia Pacific. Thus, these regions are anticipated to give lucrative chances to manganese carbonate makers, as they project rising demand regarding micronutrient manures.
Since, manganese carbonate is utilized as a colorant in pottery and porcelain items, their expanding use in the homeware sector will fuel request from the manganese carbonate market. The homeware market observes lucrative open doors in the Middle East and Africa and Asia Pacific. Demand for porcelain and pottery is consequently high over these areas, which converts into expanded scope for manganese carbonate deals.
Advancement in Farming Techniques to Support Dominance of Asia Pacific
Geographically, in 2014, Asia Pacific represented the maximum demand for manganese carbonate. The region held more than 75.5% share of the global manganese carbonate market, as per volume. Demand for manganese carbonate remained at 264,677.6 tons in 2014. India and China were among the most elevated supporters of the Asia Pacific manganese carbonate market. The fast development in the area's farming sector is required to seal Asia Pacific's strength in the global manganese carbonate market.
Other than this, Latin America likewise offers growing scope for manganese carbonate makers. Even here, the development of the farming sector helps demand for manganese carbonate. In the Middle East surge for coat colorant in agrochemical applications will reinforce future scope for the manganese carbonate market. However, in developed regions, for example, Europe and North America the market is estimated to observe just small development.
Some of the key players leading in the global manganese carbonate market are All-Chemie, Ltd., Alfa Aesar, American Elements, Mil-Spec Industries Corporation, Airedale Chemical Company Limited, Zncus Chemical Co., Ltd., and Sunrise Enterprise.
Manganese carbonate is a water-insoluble source of manganese that can be converted into other manganese compounds such as manganese oxide by calcination. Manganese carbonate occurs naturally as mineral rhodochrosite. It is available in variety of colors such as pink, red, grey, yellow, and brown. In terms of demand, agrochemicals accounts for major share of the global manganese carbonate market. Additionally, manganese carbonate can be used in other value-added applications such as glaze colorants. It can also be employed as a chemical intermediate for synthesis of other chemical compounds. Furthermore, manganese carbonate can be used as a hematinic in the medical industry and as supplement in the food industry.
Manganese carbonate ore deposits are commonly found in South Africa, China, Gabon, Ghana, and Brazil. Obtained through underground excavation, these deposits are subjected to the beneficiation technology in order to remove undesirable impurities. The Xialei manganese mine at Daxin, Guangxi, China; and Nsuta manganese mine, Tarkwa, Western Region, Ghana are two of the largest deposits of manganese carbonate ore in the world. The Nsuta manganese mine is owned and operated by Ghana Manganese Company Ltd. (GMC). Majority of manganese carbonate ore from the Nsuta manganese mine is exported to Ukraine, China, and Norway. CITIC Dameng Holdings Limited, an investment holding company, owns and operates the Xialei manganese mine.
This study analyzes, estimates, and forecasts the global manganese carbonate market in terms of volume (Tons) and revenue (US$ Thousand) from 2014 to 2023. Market numbers given in the report describe the global demand for manganese carbonate, but not the production or supply. The manganese carbonate report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
The report provides detailed analysis of the manganese carbonate market by key applications. It segments the market into the following key applications: agrochemicals, glaze colorant, chemical intermediates, and others (food supplement, medical, etc.). The report also segments the market based on major geographies into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It further provides volume and revenue for each application segment for each region. This includes 12 unique country-specific analysis.
Based on the application, the report analyzes the attractiveness of each segment with the help of an attractiveness tool. The study includes value chain analysis, which provides a better understanding of key players in the supply chain from raw material manufacturers to end-users. Additionally, the study analyzes market competition through Porter’s Five Forces analysis.
Key market participants profiled in the study include All-Chemie, Ltd, Airedale Chemical Company Limited, American Elements, Alfa Aesar, Akshar Chemicals, Sunrise Enterprise, Chemalloy, GFS Chemicals, Inc., Mil-Spec Industries Corporation, and Zncus Chemical Co., Ltd. Profiles of key participants comprise important parameters such as company overview, financial overview, business strategy, and recent developments.
Primary research represents the majority of our research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of technical writing, recent trade, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and fruitful approach for procuring precise market data, recognizing business opportunities, and capturing industry participants’ insights.
Secondary research sources that are referred to include external proprietary databases, company websites, textbooks, financial reports, commentaries, broker reports, annual reports, investor presentations, and relevant patent and regulatory databases, statistical databases, and market reports, news articles, press releases and webcasts specific to the companies operating in the market. Secondary sources referred for this study include the European Union (EU), The International Manganese Institute (IMnI), The United States Geological Survey (USGS), ICIS, and company presentations.
The report segments the global manganese carbonate market as:
Manganese Carbonate Market - Application Analysis
- Glaze Colorant
- Chemical Intermediates
- Others (Including Food Supplements and Medical)
Manganese Carbonate Market - Regional Analysis
- Rest of North America
- Rest of Europe
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa
- GCC countries
- South Africa
- Rest of Middle East & Africa