Ferro Manganese Market Size To Reach $22.48 Billion By 2030

Ferro Manganese Market Growth & Trends

The global ferro manganese market size is expected to reach USD 22.48 billion by 2030, registering a CAGR of 5.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. The increasing popularity of cast iron cookware is projected to aid market growth over the forecast period.

Ferro manganese is widely used as a sulfur counterpart in the production of cast iron. The ability of the product to remove sulfur contaminants by forming manganese sulfide offers a great advantage as it can easily be removed as slag. The cast iron production historically has observed tremendous growth, for instance, global cast iron production has grown from nearly 54 million tons to approximately 96 million tons from 2000 to 2019. The use of cast iron, especially in cookware, has witnessed a steady climb owing to its ability to offer non-sticky, anti-rust, and durable quality utensils. Thus, the rising production of cast iron is projected to remain a key driver for the market over the forecast period.

However, with the breakout of the COVID-19 pandemic, the dynamics of the ferro manganese industry evolved rapidly and stronger demand for the product was observed in European countries amid the fear of complete lockdown. Many European suppliers of the product stated the greater stocking of ferro manganese by still mills in the Northern Italy region. Although this trend was short lived as the downstream demand for steel products declined rapidly. As per the stats released by the World Steel Association, the global steel demand is estimated to contract by nearly 6.4% in FY 2020. The downward sentiments in the global steel marketspace are anticipated to affect the growth of the ferro manganese sector over the short-term period.

The industry vendors owing to the breakout of COVID-19 are under severe distress as the downstream demand from the steel industry is going toward a negative trajectory. Owing to the falling demand from the steel sector, Vale, which is among the prominent producers of ferro manganese, closed its plant operations in Simoes Filho, Brazil. Many market participants have devised strategies to cut down expenditure by operating at minimal capacities.

 Request a free sample copy or view report summary: Ferro Manganese Market Report

Ferro Manganese Market Report Highlights

• The high-carbon ferro manganese led the market and accounted for the largest revenue share of 59.7% in 2024. This growth can be attributed to its extensive application in steel manufacturing.

• Carbon and low-alloy steel segment dominated the market and accounted for the largest revenue share of 46.1% in 2024, primarily driven by the increasing demand for high-strength materials in various industries.

• The Asia Pacific ferro manganese market dominated the global market and accounted for the largest revenue share of 50.8% in 2024. This growth can be attributed to rapid industrialization and urbanization.

• The ferro manganese market in Europe is expected to grow significantly over the forecast period, primarily due to the rising demand for high-strength steel in various industries, including automotive and construction.

Ferro Manganese Market Segmentation

Grand View Research has segmented global ferro manganese market report based on grade, application, and region:

Ferro Manganese Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• High Carbon

• Refined

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

• Carbon & Low Alloy steel

• Stainless Steel

• Alloy Steel

• Cast Iron

• Others

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

• North America

  • U.S.

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

  • Brazil

• Middle East and Africa

List of Key Players of Ferro Manganese Market

• Monet Group

• Tata Steel

• Gulf Manganese Corporation Limited

• Vale

• Eurasian Resources Group

• Ferroglobe

• China Minmetals Group Co., Ltd.

• Eramet Group

• South32

• OM Holdings Ltd.