USD 1.50 billion
Report ID:
SQMIG15J2063 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
38
|Figures:
64
Electrolytic Manganese Dioxide Market size was valued at USD 1.61 Billion in 2023 and is poised to grow from USD 1.72 Billion in 2024 to USD 2.98 Billion by 2032, growing at a CAGR of 7.1% during the forecast period (2025-2032).
The market's growth is anticipated to be propelled by substantial demand for batteries across various sectors, including electrical and automotive, such as zinc-carbon, alkaline, and lithium-ion batteries. A noteworthy advancement in the Electrolytic Manganese Dioxide (EMD) market is the Lithiated Manganese Dioxide (LMD) battery. Comprising 61% manganese, 4% lithium, and 35% oxygen by weight, it offers benefits like high-power output, thermal stability, and improved safety, making it sought-after among electric vehicle (EV) manufacturers. The U.S., housing a significant number of EVs, particularly benefits from EMD utilization in EV battery cathodes.
Stricter water treatment regulations are projected to bolster the demand for water treatment systems, consequently driving the electrolytic manganese dioxide market. Moreover, alkaline batteries are poised for growth in developed economies due to their extensive capacity range and prolonged shelf life. The U.S. remains a major market for water treatment systems, poised for further expansion.
The upsurge in portable device demand is expected to favorably impact market growth. Batteries serve as dependable power sources for electronic devices, absorbing fluctuations and ensuring constant supply. The growing need for power backups in emerging economies like Vietnam, China, and India is expected to propel demand. The adoption of hybrid and electric vehicles, coupled with government incentives, will drive both battery and electric vehicle industries. Furthermore, volatile gasoline prices are anticipated to drive EV demand, prompting battery service networks to exceed traditional gasoline infrastructure.
US Electrolytic Manganese Dioxide Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.50 billion
Largest Segment
Alkaline Batteries
Fastest Growth
Zinc-carbon Batteries
Growth Rate
7.1% CAGR
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Electrolytic Manganese Dioxide Market is segmented by application, and region. Based on application, the market can be segmented into batteries (Alkaline Batteries, Zinc-Carbon Batteries, Li-Ion Batteries), water treatment, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Electrolytic Manganese Dioxide Market Analysis By Application
The battery segment is further categorized into lithium-ion batteries, alkaline batteries, and zinc-carbon batteries. Emerging as the dominant application segment, the battery category accounted for a substantial revenue share of over 90% in 2022 and is projected to maintain its lead throughout the forecast period.
Among the battery applications, alkaline batteries have witnessed a notable surge in demand, particularly in developed economies such as the UK, the U.S., and Switzerland. Renowned for delivering enduring performance, alkaline batteries find widespread use in diverse electronic products like clocks, radios, and remote controls. Their extensive runtime and productivity have contributed to their impressive market penetration.
Lithium-ion batteries, known for their extended power storage capacity, have become indispensable components of portable devices like toys, digital diaries, iPods, artificial pacemakers, calculators, and timekeeping instruments. The increasing demand for electric vehicles is expected to drive substantial growth in the lithium-ion battery sector in the forthcoming years.
The water treatment segment is poised for noteworthy growth during the forecast period. Electrolytic manganese dioxide plays a pivotal role in water treatment plants by serving as electrodes that facilitate the separation of waste from water. The Asia Pacific region is witnessing a surge in the water purifier industry, which is anticipated to foster the demand for EMD in the foreseeable future.
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By the year 2022, North America had firmly established its dominance in the market, capturing an impressive revenue share that exceeded 45%. This prevailing trend is foreseen to continue shaping the market landscape throughout the entire forecast period. The widespread application of electrolytic manganese dioxide (EMD) in battery cathodes, specifically within primary and secondary batteries essential for electric vehicles, stands as a driving force behind the burgeoning regional demand. This impetus is anticipated to serve as the paramount dynamic propelling the growth trajectory of the market over the envisaged timeframe.
The European market is positioned to hold a significant market share, propelled by the escalating demand stemming from electric vehicle applications and battery-operated electronic devices. Notably, the strategic investments made by European governments in the expansion of lithium-ion battery charging infrastructure, aimed at bolstering vehicle sustainability, are projected to play a pivotal role in stimulating the appetite for battery-powered vehicles in the years to come.
Meanwhile, the Asia Pacific region is poised to exhibit the highest Compound Annual Growth Rate (CAGR) during the forecast period, driven by a surging demand for battery applications. The region's escalating thirst for electronic products is anticipated to breathe new life into the regional market throughout the projected time frame. Noteworthy is the fact that the Asia Pacific region boasts the status of being the world's foremost producer of EMD. This reputation is complemented by an upswing in power storage systems and a thriving automotive electronics industry. This amalgamation of factors has created a robust demand for EMD within the region, leading to a favorable impact on the expansion of the market.
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Electrolytic Manganese Dioxide Market Drivers
Growing Demand for Batteries
Water Treatment Applications
Electrolytic Manganese Dioxide Market Restraints
Fluctuating Raw Material Prices
Environmental and Health Concerns
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The competitive landscape of the global EMD market is characterized by the presence of key players actively vying for market share. These players are engaged in strategic initiatives to enhance their product portfolios, expand their market reach, and capitalize on the growing demand for battery materials. The market is moderately consolidated, with a mix of established multinational corporations and specialized manufacturers.
Major industry participants include companies such as Delta EMD Limited, Tosoh Corporation, Tronox Holdings plc, and American Manganese Inc. These players are focused on research and development to improve the performance and efficiency of their EMD products, catering to the diverse needs of battery manufacturers. Collaborations, partnerships, and joint ventures are common strategies employed by key companies to leverage their strengths and expertise in material science and battery technology.
Electrolytic Manganese Dioxide Market Top Player’s Company Profiles
Electrolytic Manganese Dioxide Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global electrolytic manganese dioxide market analysis, the global Electrolytic Manganese Dioxide (EMD) market is poised for robust growth driven by the surging demand for batteries, particularly in the electric vehicle and electronics sectors. North America has demonstrated dominance, fueled by its strong adoption of EMD in battery cathodes, while Europe's strategic investments in sustainable energy infrastructure are projected to play a pivotal role in propelling market expansion. The Asia Pacific region, as the largest EMD producer, is witnessing a surge in power storage systems and automotive electronics demand, further bolstering its market growth potential. The competitive landscape is marked by key players focusing on strategic collaborations, research and development, and sustainable production practices. As the market evolves, advancements in battery technology, increasing emphasis on environmental sustainability, and expanding partnerships are expected to shape the market's trajectory.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.50 billion |
Market size value in 2031 | USD 2.78 billion |
Growth Rate | 7.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Electrolytic Manganese Dioxide Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electrolytic Manganese Dioxide Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electrolytic Manganese Dioxide Market:
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Report ID: SQMIG15J2063
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