Electrolytic Manganese Dioxide Market is estimated to touch USD 671.42 million by 2023
Electrolytic Manganese Dioxide Market Size and Growth Rate:
The Electrolytic Manganese Dioxide (EMD) Market is expected to reach an estimated USD 671.42 Million by 2023 and it is forecast to grow at a CAGR of 4.87% during the forecast period 2015-2023.
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Electrolytic Manganese Dioxide Market Overview:
Electrolytic manganese dioxide is one of the essential components of modern batteries. It is used in lithium, alkaline and sodium batteries. It is also used for the production of hydrogen and electrochemical condensers.
It is expected that the growing demand for batteries in various end-use sectors, such as automotive and electricity, will boost growth in the sector during the foreseen period. Electrolytic manganese dioxide, used as a cathode, is an essential component of alkaline, lithium ion and carbon-zinc batteries. It has been observed that lithium-ion batteries with EMD electrodes have a longer energy storage time. Among the main technological developments in the market are electrolytic manganese dioxide for wind farms and solar parks, which consume less energy and are cheaper than lithium batteries.
Electrolytic Manganese Dioxide Market Growth Drivers and Restraints:
The growing demand, particularly in mature economies such as Germany, the United States and Japan, is another important factor in the growth of the market. It is expected that the growing acceptance of electric and hybrid vehicles, along with government incentives for electric vehicle technology, will increase the demand for high capacity batteries in the coming years. This should support the growth of the EMD market.
Conventionally, the conversion of manganese oxide minerals to EMD involves a high temperature pyro-metallurgical toasting process. It consumes very little energy and pollutes by emitting a large amount of carbon dioxide into the atmosphere. It also increases the levels of particulate pollution in the environment and causes dangerous contamination by metal ions, which affects rivers and aquifers, drinking water and agricultural land. This concern can limit the market expansion to some extent.
Electrolytic Manganese Dioxide Market Geographical Segmentation:
North America dominated the EMD Market, accounting for more than 41% of total demand in 2016. However, the regional market is expected to lose market share due to the growing demand for primary and secondary cells in Asia. It is estimated that the compound annual growth rate (CAGR) in the Asia Pacific (APAC) is expected to increase significantly between 2017 and 2025 due to the increasing use of battery applications and the high potential of the rechargeable battery segment. It is expected that the growing importance of primary cells in electronic products will stimulate the regional market over the next eight years.
In 2016, China was one of the main producers and exporters of EMD. India is expected to be one of the fastest emerging markets for EMD in Asia-Pacific due to increased consumption in the electronics segment.
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Key Players of the Electrolytic Manganese Dioxide Market:
Top companies involved in the sector include Xiangtan Electrochemical Scientific Ltd., Prince International Corporation, Tosoh Corporation, Cegasa, and Tronox Ltd. These six companies together accounted for over 50% of the total market revenue in 2016.
Electrolytic Manganese Dioxide Market Segmentation:
By Application:
· Water Treatment
· Battery
· Li-ion Batteries
· Zinc-Carbon Batteries
· Alkaline Batteries
By Region:
· North America
· South America
· Europe
· Asia Pacific
· Middle East and Africa
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