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Manganese is a very hard, brittle, pinking grey metal. It is reactive in nature and becomes chemically active with air, water, and many acids. Manganese is used extensively in the production of steel for deoxidization and desulfuration. It improves the weldability, wear resistance, tensile strength, and hardness of steel. Manganese is also used with copper, aluminum, and other elements to manufacture different types of alloys. The rapid progress of infrastructural and industrial activities in Asia Pacific is a key driver of the manganese mining market. China, South Korea, and India require a great deal of steel to cater to their swift pace of development. The growing urbanization in these emerging economies is likely to fuel the demand for manganese mining over the forecast period. Growth in the transportation, oil & gas refineries, and construction sectors facilitated the expansion of the global manganese mining market. Additionally, the rise in the usage of Li-ion and NiMH batteries in electric vehicles, storage, and consumer applications and the emerging non-metallurgical application of chemicals in textiles, bricks, glass, tiles, and in animal feed are likely to enhance the demand for magnesium, thereby drive this market over the forecast period. Advancements in the green energy sector are anticipated to boost the need for electrolytic manganese dioxide and electrolytic manganese metal, thus creating growth opportunities for the manganese mining market. The procedure of automated remote technology has been one of the rising trends in this market. Mining of manganese has evolved from primitive methods to highly advanced technology based processes. It is the fifth largest metal found on the earth’s crust. Most of the manganese mining occurs in open pit, although they can be mined in ocean floor. Once the process of mining is complete, the manganese is transferred to a processing plant for smelting and electrolyte processing. Advanced technology and compact mining equipment allows the manganese miners to produce far more valuable manganese ore as compared to ores derived from primitive mining methods.

The global manganese mining market has been segregated by application into the following groups: alloys, electrolytic manganese dioxides, and electrolytic manganese metals. Alloys accounted for the leading share in the manganese mining market in 2016 and are predicted to retain their dominance over the forecast period. The manganese ore obtained is mostly used as an alloying element. Steel holds the dominant market share among these alloys, because of which the rising demand for it owing to rapid urbanization and industrialization has been a key propellant of the manganese mining market. Based on end-user, the market is divided into the industrial, construction, energy, and others categories. Construction constituted a considerable market share in 2016 and is projected to retain its position over the forecast period.

Geographically, the manganese mining market can be distributed over North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific held the dominant share in the market in 2016 and is expected to maintain its position during the forecast period. There has been a surge in the demand for manganese mining owing to the expansion of the construction and automobile sectors and the rising need for aluminum alloys and steel in this region. China is expected to retain a considerable market share over the forecast period. North America accounted for a substantial share in the manganese mining market in 2016 due to the well-established construction and automobile sectors in the region. The U.S. constituted a major market share in this region. Middle East & Africa is an emerging region for this market.

Key players operating in the magnesium mining market include Vale, BHP Billiton, ERAMET, Consolidated Minerals, Assmang, Tata Steel, Sibelco, and MOIL. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Manganese Mining Market

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