Global Manganese Mining Market 2016-2020 report is the latest addition to SandlerResearch.org industry research reports collection. The mining industry is experiencing an increase in exploration projects. These explorations will provide new opportunities to the market in terms of increase in production, availability of different grades of manganese ore, and expansion in different markets. Many new plants are under construction and expected to start production during the forecast period.
Complete report on manganese mining market spread across 53 pages, analyzing 5 major companies and provides 35 data exhibits is now available at http://www.sandlerresearch.org/global-manganese-mining-market-2016-2020.html .
The analysts forecast global manganese mining market to grow at a CAGR of 3.53% during the period 2016-2020. According to the report, growth in the construction market will translate into demand for steel products. APAC is the largest and strongest growing market for steel products globally. The rapid industrialization and infrastructure development in China, India, and South Korea is the primary demand driver for steel products in this region.
A vast majority of the manganese ore mined around the world is used as an alloying element. Among all the manganese alloys, steel is the leading the market with a share of close to 77%. This segment’s growth during the forecast period will be steady as most of the demand for steel is driven by industrialization and urbanization.
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The APAC region dominates the global manganese mining market and will grow rapidly during the forecast period at a CAGR of close to 4%. Much of this growth can be attributed to the high demand for manganese from the automobile and construction sectors. Among all the countries in APAC, India and China are the biggest markets and their need for steel and aluminum alloys will drive the prospects for growth in this market.
The global manganese mining market consists of a few vendors that compete with each other to gain maximum market shares. The industry is divided into three levels - ore mining, alloy production, and steel production. Around two-thirds of the market is dominated by high-grade ore producers and the rest by low-grade producers. Alloy production is shared by both high and low-grade manufacturers and integrated as well as independent alloy smelters.
Key players in the Global Manganese Mining Market are Assmang, BHP Billiton, Consolidated Minerals, ERAMET, and Vale. Other Prominent Vendors in the market are: MOIL, Sibelco, and Tata Steel.
Further, the report states that the declining content of manganese in wet manganese ores is a major concern for the industry. Owing to excessive mining activities, high grade and good manganese content ores are already being extracted from the mines and the available ores have comparitively less manganese content.
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