Electrolytic Manganese Dioxide Market Future Trend, Growth Rate,...

Electrolytic Manganese Dioxide Market Future Trend, Growth Rate, Opportunity and Industry Analysis till 2027

Posted 2023-08-31 09:13:32

The global Electrolytic Manganese Dioxide (EMD) Market had a value of USD 1.34 billion in 2019 and is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period, reaching a valuation of USD 2.33 billion by 2027. The heightened demand for various types of batteries, including lithium-ion, zinc-carbon, and alkaline batteries across multiple industries such as electrical and automotive, is expected to be the primary driver of this growth.

One significant advancement in the EMD market is the development of Lithiated Manganese Dioxide (LMD) Batteries, which combine manganese, lithium, and oxygen. These batteries offer several advantages, including high power output, thermal stability, and enhanced safety, making them increasingly popular among electric vehicle manufacturers.

The United States is a prominent player in the EMD market, with one in every three electric vehicles (EVs) in the world using EMD in their battery cathodes. Additionally, stricter regulations concerning water treatment are expected to boost the demand for water treatment systems, consequently driving the growth of the EMD market.

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Furthermore, alkaline batteries are poised for revenue growth, particularly in developed economies, due to their benefits such as high capacity, wide current drain range, and extended shelf life. The United States is currently the largest market for water treatment systems and is expected to see substantial growth in the coming years.

The increasing demand for portable devices is expected to have a positive impact on the EMD market. Batteries provide a stable power supply to electric and electronic devices, which is essential for devices' performance. Emerging economies like Vietnam, China, and India are experiencing a surge in demand for power backup solutions.

The rising popularity of hybrid and electric vehicles, combined with government incentives to promote EV technology, is expected to drive growth in both the battery and electric car industries. Fluctuating gasoline prices are also likely to contribute to the demand for electric vehicles and push battery service networks to expand to rival traditional gasoline infrastructure.

Regarding applications, the EMD market is divided into two main categories: batteries and water treatment. The battery segment, which includes lithium-ion batteries, alkaline batteries, and zinc-carbon batteries, dominated in 2019 and is expected to maintain its leading position throughout the forecast period.

Alkaline batteries have seen increased demand, especially in developed economies like the U.K., U.S., and Switzerland, where they are used in various electronic products such as clocks, radios, and remote controls. Lithium-ion batteries, known for their extended power storage capabilities, are widely used in portable devices like toys, digital diaries, iPods, pacemakers, calculators, wristwatches, and stopwatches. Due to the growing demand from electric vehicles, the lithium-ion battery sector is projected to experience the highest growth in the coming years.

In terms of volume, the water treatment segment is expected to exhibit a CAGR of 2.5% during the forecast period. Electrolytic manganese dioxide plays a crucial role in water treatment by separating waste from water in water treatment plants. The Asia-Pacific (APAC) water purifier industry's expansion is anticipated to drive the demand for EMD over the forecast period.

North America accounted for approximately USD 565 million in 2019 and held the largest market share. The region's dominant use of EMD in battery cathodes for power production, especially for electric vehicles, is a significant driver of demand, and this trend is expected to continue throughout the forecast period.

Europe is expected to reach nearly USD 346 million by 2025, driven by increasing demand for electric vehicles and battery-operated electronic devices. European governments are investing in lithium-ion battery charging stations to promote vehicle sustainability, which will likely boost the demand for battery-operated vehicles in the coming years.

Asia Pacific held a 34% share of the EMD market in 2019 and is expected to gain momentum due to increased demand for batteries. The region's growing demand for electronic products is expected to drive the EMD market over the forecast period. Asia Pacific is the largest EMD producer globally, driven by the rising power storage systems and the automotive electronics industry.

Key market players in the EMD market include Tosoh Corporation, Mesa Minerals Limited, Tronox Limited, Price International Corporation, American Manganese Inc., Xiangtan Electrochemical Scientific Ltd., Micromesh Minerals & Metals, Qingdao BassTech Co., Ltd., and Metallics Mine-chem Pvt. Ltd.

The report segments the global electrolytic manganese dioxide market based on application and region for revenue growth forecasts at global, regional, and country levels. The applications covered include batteries (including alkaline, zinc-carbon, and Li-ion batteries), water treatment, and others. Regionally, it covers North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

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