Manganese Market Size & Outlook, 2025-2033

Manganese Market Overview

The global manganese market size was valued at USD 24.51 billion in 2024 and is projected to grow from USD 25.76 billion in 2025 to reach USD 38.28 billion by 2033, growing at a CAGR of 5.08% during the forecast period (2025–2033).

Key Market Indicators

• Asia Pacific held a dominant share of the global market, driven by high steel production, industrial activity, and growing demand for battery materials in electric vehicles and electronics.
• Based on end-user, the construction segment holds about 29% of the global market in 2024, fueled by extensive utilization of manganese-alloyed steel in infrastructure and construction projects.
• Based on type, the metallic segment dominated the market, led by its critical use as an alloying agent in steel and iron production.
• Based on grade, high-purity manganese (battery grade) led the market, driven by its essential role in lithium-ion batteries for electric vehicles and energy storage.
• Based on application, steel manufacturing dominated the manganese market, driven by rising construction, infrastructure development, and automotive production worldwide.

Market Size and Forecast

• 2024 Market Size: USD 24.51 billion
• 2033 Projected Market Size: USD 38.28 billion
• CAGR (2025-2033): 5.08%
• Dominating Region: Asia Pacific
• Fastest-Growing Region: North America

The global market is gaining momentum due to its expanding use in agriculture, chemicals, and infrastructure sectors. In agriculture, fertilizers made of this metal are crucial micronutrients for enhancing crop yields, especially in soybean, wheat, and corn cultivation across emerging economies like Brazil, China, and India. In the chemical industry, compounds such as manganese sulfate and dioxide are widely used in dry-cell batteries, ceramics, water treatment, and glass decolorization.

Additionally, the global push for infrastructure development, particularly in Asia and Africa, is driving demand for this metal’s alloys in construction and transportation projects. Governments are also emphasizing strategic mineral security, encouraging investments in exploration and stockpiling of manganese resources. Furthermore, increasing demand for recyclable and sustainable materials has boosted the use of this metal in environmentally friendly aluminum and copper alloys, supporting its growing role in the transition to a more sustainable industrial ecosystem.

Market Trends

Technological Advancements

Technological advancements are reshaping the global market, especially in the battery-grade segment. Innovations in processing techniques are enabling the efficient extraction and refinement of this metal from low-grade ores and tailings, thereby maximizing resource utilization.

• For instance, in March 2025, Giyani Metals successfully produced its first high-purity manganese oxide (HPMO) at its Johannesburg demo plant, a critical precursor for both HPMSM and HPMO battery chemistries. This marks a milestone: they're the only non Chinese company to reach demo scale production of battery-grade manganese, signalling a significant derisking step toward commercial-scale operations.

Additionally, ongoing R&D is focused on improving the cost-efficiency and environmental footprint of manganese refining, particularly in line with clean energy goals. Such innovations are expected to help diversify global supply and support the growing demand from the EV and energy storage sectors.

To get more insights about this report Download Free Sample Report

Manganese Market Growth Factor

Rising Steel Production

Manganese plays a critical role in steel production, where it is used as an alloying agent to enhance strength, wear resistance, and hardness. With global steel demand rising, particularly in infrastructure and automotive sectors, its consumption is witnessing significant growth.

• According to the World Steel Association, global crude steel production reached 1,888.2 million tonnes in 2023, up from 1,831.5 million tonnes in 2022. India, the second-largest steel producer, reported a 10.8% increase in production, driven by government infrastructure initiatives like "PM Gati Shakti."

This metal is essential in producing steel grades for bridges, pipelines, rail tracks, and construction materials. Additionally, China's ongoing urban development and Belt and Road Initiative continue to fuel demand. As steel output scales up globally, especially in emerging economies, the demand for this metal is expected to grow proportionately, reinforcing its market value.

Market Restraint

Supply Chain Disruptions

The global market faces significant supply chain disruptions due to its dependence on a limited number of producing countries, primarily South Africa, Australia, and Gabon. Political instability, labor strikes, and inconsistent export policies in these regions often lead to supply shortages and price volatility.

Additionally, logistical challenges, like port congestion and high shipping costs, further strain the timely delivery of manganese ore and refined products. The lack of sufficient processing facilities in key consuming regions, such as North America and Europe, also exacerbates the issue. These supply chain inefficiencies hinder the market's ability to meet growing demand, especially from the steel and battery sectors.

Market Opportunity

Shift toward Electric Vehicles (evs)

The accelerating transition to electric mobility presents a significant opportunity for the global market. Manganese is a key component in lithium-ion batteries, particularly in NMC (Nickel-Manganese-Cobalt) chemistries, valued for their balance of cost, energy density, and safety.

• According to the IEA, as of 2025, global electric vehicle (EV) sales have surged significantly, with over 7.5 million units sold between January and May, marking a 32.4% year-over-year growth. China leads with nearly 60% of total sales, while Europe and emerging markets also show strong momentum. Global EV sales may surpass 20 million units in 2025.

This growth creates robust demand for battery-grade manganese, prompting investments in refining capacities, especially in regions aiming for supply chain independence and energy transition goals.

Regional Analysis

Asia Pacific leads the global market due to high steel production and industrial activity across the construction, infrastructure, and automotive sectors. The region's rapid urbanization and ongoing industrialization continue to boost manganese demand, particularly for alloying and foundry applications. Additionally, the surging adoption of electric vehicles and consumer electronics fuels the need for manganese-rich battery materials. The availability of large reserves and expanding refining capabilities contribute to a strong supply chain, while investments in mining infrastructure and technology upgrades further strengthen the region's dominant market position.

• China's manganese industry dominates global consumption, driven by its massive steel industry, which accounts for over 50% of global crude steel output. The country also plays a key role in EV battery production using manganese-based cathodes. For instance, CATL and BYD increasingly source battery-grade manganese for NMC batteries. With major reserves in Guangxi and Hunan, China is also investing in high-purity manganese sulfate (HPMSM) capacity.
• India's manganese sector is expanding due to rising infrastructure projects and domestic steel demand. According to the Indian Bureau of Mines, India produced over 2.5 million tonnes of manganese ore in 2023, with major mines in Madhya Pradesh and Maharashtra. Steel majors like Tata Steel and JSW Steel are primary consumers. India is also exploring manganese-based battery technologies under its Make in India and energy security initiatives.

North America Manganese Market Trends

The market in North America is experiencing growth due to increasing investments in battery manufacturing for electric vehicles and grid energy storage systems. Regional demand is also supported by strategic initiatives to secure domestic sources of battery-grade manganese, reducing dependence on imports. Advancements in recycling technologies and growing government support for clean energy transitions further propel market expansion. Additionally, the rising focus on infrastructure modernization, particularly in transportation and construction, is stimulating steel demand, reinforcing its consumption in alloy production and industrial applications.

• The U.S. manganese industry is driven by national efforts to localize battery material production amid import dependence. The U.S. currently imports 100% of its manganese needs, mainly from South Africa and Gabon. To counter this, companies like American Manganese Inc. are developing recycling technologies for battery-grade manganese. Federal initiatives such as the Defense Production Act funding are also promoting domestic supply development to support the growing EV and defense industries.
• Canada's market for manganese is emerging as a key player in the North American battery supply chain. Companies like Manganese X Energy are advancing projects in New Brunswick to produce battery-grade manganese. Canada's commitment to EV battery development and its strategic mineral roadmap, which includes manganese, is encouraging domestic mining investment. Government backing and rising demand from automakers like GM and Stellantis are accelerating the sector's growth.

Europe Manganese Market Trends

In Europe, the market is driven by robust demand from the steel and automotive industries, especially as the region accelerates toward green mobility and carbon neutrality goals. The surge in electric vehicle production has heightened the need for high-purity manganese for use in cathode materials. Efforts to establish localized battery value chains and reduce reliance on external suppliers are fostering regional processing and refining capacities. Sustainability-focused policies are also encouraging the adoption of recycled manganese from end-of-life batteries and industrial waste, supporting long-term market growth.

• Germany's market is driven by its robust automotive and steel industries. As Europe's largest car producer, the country is increasingly investing in EV battery technologies, notably those utilizing high-purity ones. For instance, Euro Manganese's proposed supply of HPMSM to European cathode producers is targeting German battery supply chains. Additionally, Germany's green infrastructure projects continue to support steady manganese alloy demand in construction and engineering applications.
• The UK's manganese industry is evolving alongside its transition to clean energy and localized battery production. The UK Government's support for Gigafactory development in regions like Sunderland is driving interest in battery-grade manganese for NMC cathodes. Moreover, mining companies such as Giyani Metals have shown interest in securing UK partnerships for manganese processing. Steel demand from offshore wind and infrastructure projects further sustains the demand for this metal's alloy imports.

Market Segmentation

Type Insights

The metallic manganese segment comprises electrolytic manganese metal (EMM) and manganese ferroalloys, including ferromanganese and silicomanganese. These are primarily used as alloying agents in steel and iron production to enhance strength, hardness, and corrosion resistance. With global steel demand rising, especially in Asia-Pacific, this segment holds a dominant share. Technological advancements and expanding industrial applications further boost its demand. Additionally, growing exports from countries like China and South Africa influence global trade dynamics in this segment.

Grade Insights

High-purity manganese (battery grade), particularly in the form of high-purity manganese sulfate monohydrate (HPMSM), is gaining traction due to its critical role in lithium-ion batteries used in electric vehicles (EVs). This segment is rapidly expanding as battery manufacturers seek stable and cost-effective materials. With growing EV adoption and increasing energy storage demand, countries like the U.S. and European nations are investing in local HPMSM production. The shift toward green energy is expected to further accelerate this segment's growth.

Application Insights

Steel manufacturing is the largest application segment in the global market. The metal is vital in steelmaking processes to improve hardness, deoxidize steel, and enhance resistance to wear. The segment is driven by infrastructure growth, rising construction activities, and automotive production worldwide. Rapid urbanization in emerging economies like India and Vietnam, along with strong industrial output from China, continues to drive demand its demand in steel applications.

End-User Industry Insights

The construction segment significantly drives the global market due to its dependence on manganese-alloyed steel for structural components. Manganese enhances steel's tensile strength and durability, making it ideal for buildings, bridges, and infrastructure projects. Emerging markets are witnessing a surge in urban infrastructure and housing development, contributing to rising demand for this metal. Government-backed initiatives like China's Belt and Road Initiative and India's Smart Cities Mission further support this segment, ensuring long-term growth potential for manganese used in construction-grade steel.

Company Market Share

Companies in the global manganese market are focusing on expanding production capacities, securing long-term mining rights, and investing in advanced refining technologies to meet rising demand from the steel and battery sectors. They are also forming strategic partnerships with electric vehicle and battery manufacturers, while diversifying their supply chains to mitigate geopolitical risks. Additionally, many players are exploring sustainable mining practices and recycling initiatives to align with environmental and regulatory standards.

South32 Limited

South32 Limited is a leading global mining and metals company headquartered in Perth, Australia. It is a major producer of manganese ore and alloy, operating the Groote Eylandt Mining Company (GEMCO) in Australia and a high-grade ore operation in South Africa through its 60% stake in Samancor Manganese. The company plays a pivotal role in supplying this metal for steelmaking and battery applications. South32's strong logistics network and diversified portfolio position it as a key player in the global market.

• In May 2025, South32 is advancing its Hermosa project in Arizona, a key U.S. critical minerals initiative. Backed by a \$2.16 billion investment, the project includes manganese and zinc production. It is progressing through the FAST-41 permitting process and aims to start operations by 2027, supporting domestic supply chains for electric vehicle and battery manufacturing.

List of key players in Manganese Market

1. South32 Limited
2. Eramet SA
3. MOIL Limited
4. Assmang Proprietary Limited
5. Vale S.A.
6. Tata Steel Ltd.
7. Consolidated Minerals Limited
8. Ningxia Tianyuan Manganese Industry Co., Ltd.
9. Euro Manganese Inc.
10. Element 25 Limited

To get more findings about this report Download Market Share

Recent Developments

• July 2025- Ghana has launched its first manganese refinery at Nsuta–Tarkwa, a $450 million project spearheaded by Ghana Manganese Company in partnership with China’s TMI. The refinery will upgrade ore quality from ~27% to >40%, generate around 1,000 jobs, incorporate a 45 MW power plant, rail line, and port enhancements, boosting local value addition.
• May 2025- Asia Minerals Limited, a Japanese miner, has begun exploration for manganese at Luozi in Kongo Central, DRC. The initiative is part of the government’s strategy to diversify mining partners and regions. A joint venture, Kivuvu Kongo Mines, aims to produce up to 2 M t/year, create around 2,500 jobs, and drive economic transformation.
• May 2025- Exxaro Resources struck a R11.67 billion (~ US$637 million) deal to acquire a portfolio of manganese assets in South Africa’s Kalahari Manganese Field. The transaction delivers controlling stakes in Tshipi Borwa, Mokala, and Hotazel mines, marking Exxaro’s strategic pivot from coal to critical minerals, with completion expected in early 2026.