Electrolytic Manganese Dioxide Market Size, Share & Trends Analysis Report By Application (Batteries, Water Treatment), By Region (Asia Pacific, Europe, North America), And Segment Forecasts, 2023 - 2030

Market Size & Trends

The global electrolytic manganese dioxide market size was valued at USD 1.47 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030. High demand for batteries, such as zinc-carbon, alkaline, and lithium-ion batteries, from various end-use sectors like electrical and automotive, is expected to drive the growth. Lithiated Manganese Dioxide (LMD) battery is one of the most substantial developments the Electrolytic Manganese Dioxide (EMD) market has experienced. It has a mixture of 61% manganese, 4% lithium, and 35% oxygen by weight, and offers several benefits, such as high-power output, thermal stability, and improved safety, which increases its demand among the manufacturers producing electric vehicles (EVs).

One in every three EVs in the world is in the U.S., wherein the EMD is employed in the batteries of electric cathodes. Stringent regulations regarding water treatment are expected to drive the demand for water treatment systems in the coming years, which, in turn, will propel the growth of the electrolytic manganese dioxide market. In addition, alkaline batteries are anticipated to witness growth in this developed economy due to various benefits, such as huge capacity over an extensive range of current drains and good shelf life. The U.S. is currently the largest market for water treatment systems and is expected to witness higher growth in the coming years.

The rise in demand for portable devices is expected to positively influence the growth of the market. Batteries retain the potential to absorb damage and fluctuations and provide a constant power supply to electric and electronic devices. Increasing demand for power backups in emerging economies, such as Vietnam, China, and India, is likely to accelerate in the coming years. The rising acceptance of hybrid and electric vehicles coupled with the incentives offered by the government for the promotion of EV technology will propel the growth of battery, as well as, electric car industries. Moreover, volatile prices of gasoline will have a positive impact on the EV demand and, in turn, will compel the battery service networks to enhance and surpass the gasoline fueling infrastructure.

Application Insights

On the basis of applications, the electrolytic manganese dioxide (EMD) market is bifurcated into battery and water treatment. The battery is further divided into lithium-ion batteries, alkaline batteries, and the zinc-carbon battery. The battery segment emerged as the most dominant application segment with a revenue share of over 90% in 2022 and is expected to continue leading during the forecast period. Alkaline batteries have witnessed an upsurge in demand over the past few years and are extensively used in developed economies, such as the UK, the U.S., and Switzerland. Alkaline batteries are designed to deliver long-lasting performance and are majorly used in various electronic products, such as clocks, radios, and remote controls. The high run time and productivity have led alkaline batteries to showcase the highest market penetration.

Lithium-ion batteries offer an extended duration of power storage and these long-lasting batteries are used in all portable instruments like toys, digital diaries, iPods, artificial pacemakers, calculators, and wrist and stopwatches. Owing to the increasing demand from electric vehicles, the lithium-ion battery industry is expected to witness the highest growth in the coming years. The water treatment segment is projected to witness a significant growth rate during the forecast period. Electrolytic manganese dioxide is used in electrodes in water treatment plants as it separates waste from water. Asia Pacific has been experiencing a growth in the water purifier industry and this is expected to drive the demand for EMD over the foreseeable future.

Regional Insights

North America was the dominating region in 2022 and accounted for a revenue share of over 45%. The region is anticipated to dominate the market throughout the forecast period. Electrolytic manganese dioxide is majorly employed in cathodes of batteries for power production, which is driving the regional demand for primary and secondary batteries, particularly for electric vehicles. This is the most substantial dynamic that is expected to propel the market over the forecast period. Europe is anticipated to hold a significant share of the market owing to the growing demand from EV and battery-operated electronic devices application.

European governments are steadily investing in lithium-ion battery charging stations to enhance vehicle sustainability, which is expected to play a pivotal role in increasing the demand for battery-operated vehicles in the coming years. Asia Pacific is anticipated to grow at the highest CAGR over the forecast period due to the rise in demand from battery applications. The acceleration in the demand for electronic products is projected to propel the regional market during the estimated period. Asia Pacific is the largest EMD producer in the world as it has been experiencing a rise in power storage systems coupled with the increasing automotive electronics industry. This is driving the demand for EMD in the region and is expected to have a positive impact on market growth.

Key Companies & Market Share Insights

Despite the reduced prices of international manganese ore, the market has foreseen fierce competition. In addition, the EMD is highly fragmented due to declining prices and disappointing volumes. The top players in this market have adopted sustainable strategies to procure high-quality raw materials for long-term benefits. Along with this, these companies majorly concentrate on product safety. Key companies are looking forward to adopting the strategies of using advanced technologies and integrating value chains to accomplish economies of scale and higher profit margins. Mergers and acquisitions and joint ventures are some of the new strategies that are expected to be implemented by the companies for higher market penetration. Some prominent players in the global electrolytic manganese dioxide market include:

• Tosoh Corp.

• Mesa Minerals Ltd. (Mesa)

• Tronox Ltd.

• Prince International Corp.

• American Manganese Inc.

Electrolytic Manganese Dioxide Market Report Scope

Global Electrolytic Manganese Dioxide Market Segmentation

This report forecasts revenue growth and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this report, Grand View Research has segmented the global electrolytic manganese dioxide market report based on application, and region:

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Batteries

    • Alkaline Batteries

    • Zinc-carbon Batteries

    • Li-ion Batteries

  • Water Treatment

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • Russia

    • Poland

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Central & South America

    • Brazil

  • Middle East & Africa

    • UAE