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Global Manganese Market Outlook to 2025

Global Manganese Market Outlook to 2025

Submitted by • November 5, 2020

Manganese is a tough, brittle, gray-white transition metal that is naturally found in various minerals, but never by itself. It is one of the most common elements in Earth's crust and is widely distributed across the planet's surface. It is vital to human and animal life in metabolic functions.
According to BlueQuark Research & Consulting, the global manganese market is expected to witness growth at a considerable rate during the forecast period. The major factor responsible for the global manganese market's growth would be increasing lithium-ion batteries' demand and rising global shift towards electric vehicles (EV) running on them. Manganese also has applications in steel manufacturing. It is used as an oxidizing agent that enhances steel’s hardenability and tensile strength. Technological advancements and increased spending on research are unearthing new opportunities day in and day out.

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