PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515527
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515527
Electrolytic Manganese Dioxide Market size was valued at USD 1,546.23 Million in 2023, expanding at a CAGR of 7.2% from 2024 to 2032.
Electrolytic manganese dioxide (EMD) is a type of manganese dioxide that is produced through an electrolytic process. Manganese dioxide (MnO2) is a compound consisting of manganese and oxygen, and EMD specifically refers to the form of MnO2 that is manufactured using electrolysis.
Electrolytic Manganese Dioxide Market- Market Dynamics
Increasing demand from battery applications and automotive storage solutions is expected to propel market demand
Electrolytic manganese dioxide (EMD) is a critical component in the production of alkaline batteries. With the increasing demand for portable electronic devices, electric vehicles (EVs), and renewable energy storage solutions such as grid-scale batteries, the demand for batteries using EMD as a cathode material is growing. This growth in battery applications is directly driving the demand for EMD. Stringent environmental regulations globally are pushing industries towards cleaner technologies and processes. EMD is used in water treatment applications, especially for removing contaminants like iron and manganese from water sources. As governments tighten regulations on water quality and industrial wastewater treatment, the demand for EMD in these applications increases.
The shift towards electric vehicles (EVs) and hybrid vehicles is a significant driver for EMD demand. As automakers strive to increase the range and efficiency of EVs, they require batteries with improved performance characteristics, for which EMD is essential. EMD's properties, such as its high conductivity and stability, make it attractive for use in advanced battery designs. Thus, technological advancements in battery chemistry and design therefore drive innovation and adoption of EMD in the automotive industry.
Electrolytic Manganese Dioxide Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.2% over the forecast period (2024-2032)
Based on Application segmentation, the batteries segment was predicted to show maximum market share in the year 2023, owing to high demand from energy storage solutions.
Based on Distribution Channel segmentation, the OEMs segment was the leading Distribution Channel in 2023, due to the presence of top manufacturers.
Based on End User segmentation, the automotive segment was the leading End User in 2023, owing to high demand for battery applications.
Based on region, Asia Pacific was the leading revenue generator in 2023, owing to high demand from emerging economies like China, Indonesia, India, etc.
The Global Electrolytic Manganese Dioxide Market is segmented based on Application, Distribution Channel, End User, and Region.
The market is divided into three categories based on Application: batteries, water treatment, and others. The batteries segment dominates the market. The high demand for alkaline and Li-ion batteries in automobiles is boosting market growth.
The market is divided into two categories based on Distribution channels: OEMs and aftermarket. The OEMs segment dominates the market. Large OEMs have their distribution network which is contributing to the segment growth.
The market is divided into four categories based on End Users: Electrical & electronics, automotive, renewable energy, and others. The automotive segment dominates the market and is expected to maintain its high dominance during the forecast period. The electrical & electronics segment is anticipated to expand at a significant rate over the forecast period owing to high demand for smartphones, wearable devices, etc.
Electrolytic Manganese Dioxide Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific market dominates the global EMD market, primarily driven by the presence of major battery manufacturers in countries like Japan, China, South Korea, and Taiwan. These countries have robust manufacturing capabilities and are leaders in the production of alkaline batteries, where EMD is a critical component. The rapid industrialization, urbanization, and increasing consumer electronics demand in the Asia-Pacific region.
The Electrolytic Manganese Dioxide market is moderately competitive. Further, Companies in the EMD market are actively investing in research and development to improve product performance, reduce costs, and explore new applications. This includes advancements in battery technology to enhance energy density, longevity, and environmental sustainability. Many companies are expanding their production capacities to meet growing demand. For instance, expansions in Asia-Pacific, where the demand is highest, help companies expand their network.
In 2023, NextEra Energy Resources and Western Farmers Electric Co completed a 4-hour battery storage project under PPA signed in 2019.
In 2022, Tronox and Xiangtan Electrochemical collaborated to cater to local and regional markets in China and South Asia.