Electrolytic Manganese Dioxide Market Size, Share, Growth Analysis, By Application(Batteries (Alkaline Batteries, Zinc-Carbon Batteries, Li-Ion Batteries), Water Treatment), By Region - Industry Forecast 2024-2031

Global Electrolytic Manganese Dioxide Market size was valued at USD 1.50 billion in 2022 and is poised to grow from USD 1.61 billion in 2023 to USD 2.78 billion by 2031, growing at a CAGR of 7.1% in the forecast period (2024-2031).

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.