Manganese Oxide (MnO) Market Size, Share, Growth, and Industry Analysis, By Type (Chemical Grade, Fertilizer Grade, Feed Grade, Battery Grade), By Application (Agriculture Feed, Fertilizer, Chemical Field and Other (Battery Field etc.)), and Regional Forecast By 2031

Manganese Oxide (MnO) Market Report Overview

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The global manganese oxide (MnO) market size was USD 173.6 million in 2020 & the market is expected to reach USD 294.72 million by 2031, exhibiting a CAGR of 4.9% during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with the manganese oxide (MnO) market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Manganese(II) oxide, MnO, is a blackish-brown solid that occurs naturally as the mineral hausmannite. It can also be prepared synthetically by various methods, including the thermal decomposition of manganese salts or the reduction of higher manganese oxides. MnO is a relatively stable compound and is insoluble in water.

Manganese oxide has a wide range of applications across various industries. It is used as a pigment in ceramics, paints, and varnishes. It imparts brown or black color to these materials. MnO is also used in the production of batteries, particularly alkaline batteries. It acts as a depolarizer, helping to convert chemical energy into electrical energy.

COVID-19 Impact: Pandemic Decreased the Market Demand

The COVID-19 pandemic has had a significant impact on the manganese oxide (MnO) market share. Manganese oxide has been employed in the manufacturing of medical equipment and devices, such as sensors, electrodes, and diagnostic tools. These products play a vital role in the detection, monitoring, and treatment of diseases, including COVID-19. Manganese oxide nanoparticles have shown potential in drug delivery systems, where they can be utilized to enhance the effectiveness of therapeutic compounds. While not specific to COVID-19, advancements in drug delivery systems can have broader implications for pharmaceutical research and development. Manganese oxide (MnO) catalysts are used in water treatment processes, including the disinfection and purification of water supplies. This can be important for maintaining hygiene and preventing the spread of diseases, including those caused by viruses.

Latest Trends

"Advancements in energy storage technologies is expected to fuel the growth in the market"

Advancements in energy storage technologies have driven the exploration of manganese oxide (MnO) for use in next-generation energy storage devices, such as supercapacitors and rechargeable metal-air batteries. Manganese oxide-based materials have shown promise in improving energy storage capacity, efficiency, and cycle life. Researchers have been investigating various forms of manganese oxide (MnO), including nanostructured and mesoporous materials, to enhance their electrochemical performance. These advancements aim to address the increasing demand for high-performance energy storage systems in applications such as electric vehicles, renewable energy integration, and portable electronics. By leveraging the unique properties of manganese oxide (MnO), such as its high theoretical specific capacity and low cost, researchers are working towards developing more sustainable and efficient energy storage solutions that can contribute to the transition towards a cleaner and more renewable energy landscape.

Manganese Oxide (MnO) Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into chemical grade, fertilizer grade, feed grade, battery grade.

• By Application Analysis

Based on age, the market can be divided into agriculture feed, fertilizer, chemical field and other (battery field etc.).

 Driving Factors

"The increasing battery demand to foster the market growth"

The increasing demand for batteries has been a significant driving factor in the manganese oxide market. Manganese oxide, particularly manganese dioxide (MnO2), is widely used as a cathode material in batteries. The rapid adoption of electric vehicles (EVs) and the need for efficient energy storage solutions in renewable energy systems have fuelled the demand for high-performance batteries. Manganese oxide offers several advantages, including high energy density, good cycling stability, and cost-effectiveness. As governments and industries worldwide focus on decarbonisation and sustainable energy solutions, the demand for manganese oxide in battery applications is expected to continue growing.

"Industrial growth to result in the expansion of the market"

The growth and development of various industrial sectors have contributed to the demand for manganese oxide. Industries such as ceramics, glass, and water treatment rely on manganese oxide for its unique properties. In ceramics, manganese oxide (MnO) is used as a pigment, imparting colour and stability to the final products. The glass industry utilizes manganese oxide to enhance the properties of glass, including coloration, opacity, and resistance to heat and chemicals. Additionally, manganese oxide (MnO) is utilized in water treatment processes, where it acts as a catalyst for the removal of contaminants like heavy metals. As industrial activities and infrastructure development continue to expand globally, the demand for manganese oxide as a versatile industrial material is expected to increase.  

Restraining Factors

"Price volatility of raw materials to hamper the market growth"

The price of raw materials used in the production of manganese oxide, such as manganese ore, can be subject to volatility. Fluctuations in raw material prices can affect the overall cost of production and, in turn, impact the pricing and profitability of manganese oxide products. Price instability can pose challenges for manufacturers and create uncertainties in the market.

Manganese Oxide (MnO) Market Regional Insights

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"Asia Pacific to lead the market owing to the increasing demand for manganese oxide from various applications. "

The Asia Pacific region has shown the highest manganese oxide (MnO) market growth. This growth can be attributed to the increasing demand for manganese oxide from various applications such as pigments, colored glass, batteries, and others. Moreover, the growing demand for manganese oxide from developing countries in the region is also contributing to the growth of this market.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market." 

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

LIST OF TOP MANGANESE OXIDE (MNO) COMPANIES

• GoodEarth India - Hyderabad, India
• Prince (ERACHEM Comilog) - Paris, France
• Manmohan Minerals & Chemicals - Nagpur, India
• Nagpur Pyrolusite - Nagpur, India
• Manganese Products Corporation - Vancouver, Washington, USA
• Fermavi - Fermavi, Italy
• Multitecnica - Mumbai, India
• Vipra Ferro Alloys Private - Mumbai, India
• Tosoh Hyuga Corporation - Tokyo, Japan
•  MnChemical Georgia - Tbilisi, Georgia
•  HMP Minerals - Bangalore, India
•  Jyoti Dye-Chem - Mumbai, India
•  Metallics Mine-chem Private - Mumbai, India
•  RMCPL Group - Mumbai, India
•  Universal Chemicals - Mumbai, India
•  Superfine Minerals - Mumbai, India
•  Narayana Minerals - Hyderabad, India
•  Produquimica (Compass Minerals) - Piracicaba, Brazil
•  Hunan Fenghua Materials - Hengyang, China
•  Guangxi Menghua Technology - Nanning, China

Report Coverage

This report examines an understanding of the manganese oxide (MnO) market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.