Silico Manganese Global Market Report 2024

Description

“Silico Manganese Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on silico manganese market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for silico manganese? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The silico manganese market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Low Carbon; Medium Carbon; High Carbon
2) By Application: Carbon Steel; Stainless Steel; Alloy Steel; Cast Iron; Other Applications
3) By End Users: Defense; Automotive; Consumer Appliances; Construction
Companies Mentioned: Anglo American plc; Assmang Proprietary Limited; Brahm Group GmbH; Eramet Group SA; Gulf Ferro Alloys Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Silico manganese is a crude alloy composed of silicon, manganese, and iron, primarily employed in the production of alloy steel. It serves as an alloying agent in steel manufacturing, contributing essential toughness and hardness to the steel.

The main types of silico manganese are categorized by carbon content, including low carbon, medium carbon, and high carbon. Low-carbon silico manganese is a ferroalloy predominantly containing manganese and silicon, with a carbon content ranging from 0 to 0.5 percent. These alloys find applications in various industries, including carbon steel, stainless steel, alloy steel, cast iron, and others. End-users of silico manganese include industries such as defense, automotive, consumer appliances, and construction.

The silico-manganese market research report is one of a series of new reports from The Business Research Company that provides silico- manganese market statistics, including silico- manganese industry global market size, regional shares, competitors with a silico- manganese market share, detailed silico- manganese market segments, market trends and opportunities, and any further data you may need to thrive in the silico- manganese industry. This silico- manganese market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The silico manganese market size has grown strongly in recent years. It will grow from $28.58 billion in 2023 to $31.24 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The expansion observed in the historical period can be attributed to the growth of the steel industry, an increasing demand for high-performance steel, the flourishing automotive industry, fluctuating raw material prices, and a rise in construction and infrastructure projects.

The silico manganese market size is expected to see strong growth in the next few years. It will grow to $44.02 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The anticipated growth in the forecast period can be attributed to green initiatives, the development of renewable energy infrastructure, the increasing adoption of electric vehicles (EVs), practices in the circular economy, and the ongoing trend of global urbanization. Major trends expected in this forecast period include a heightened focus on sustainable alloy production, customization tailored for end-user industries, the development of innovative alloy compositions, a growing adoption of silico manganese in non-steel applications, and continuous technological advancements.

The silico manganese market is anticipated to experience growth driven by the increasing demand for steel products. Steel products, produced in factories through various methods involving iron and metal and mixed with alloys such as carbon and zinc, utilize silico manganese in the manufacturing process. This alloy contributes to the production of different steel types, including carbon steel, alloy steel, and manganese steel. Notably, the rising demand for steel products is evident in the world steel association's projection for 2022, indicating a 0.4% increase in steel consumption, reaching 1840.2 Mt. Furthermore, a 2.2% rise in steel consumption is anticipated in 2023, reaching 1,881.4 Mt. Hence, the escalating demand for steel products acts as a driving force for the silico manganese market.

The growth of the silico manganese market is also attributed to the significant contribution of the rising construction sector. The construction industry, involving the planning, development, and execution of structures and infrastructure, relies on materials such as silico manganese in steel production. This alloy plays a vital role in enhancing the strength, flexibility, and corrosion resistance of steel, as well as refining non-metallic inclusions and deoxidizing the material. The construction sector's expansion fuels the demand for steel products, thereby increasing the need for silico manganese in infrastructure projects such as roads, bridges, dams, and tunnels. An illustrative example is the Bureau of Economic Analysis (BEA) report for 2022, revealing the growth of the US construction industry from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Consequently, the upward trajectory of the construction sector is expected to be a key driver for the silico manganese market.

The expansion of the global manufacturing industry is anticipated to drive the growth of the silico manganese market. The manufacturing sector encompasses various processes converting raw materials into finished goods for consumers or other businesses in production processes. The increasing global expansion of the manufacturing sector, particularly in emerging economies, has led to a heightened demand for steel, a crucial component in construction and industrial activities. Silico manganese, an essential alloy in steel production, is expected to experience increased demand as manufacturers seek materials to enhance the strength and durability of steel. A report from the United Nations Industrial Development Organization revealed a 9.4% rise in global manufacturing production in 2021. Moreover, as of November 2023, the US manufacturing industry contributed $2.3 trillion, constituting 12% of the total US GDP, according to the National Institute of Standards and Technology. Consequently, the flourishing manufacturing industry propels the growth of the silico manganese market.

A prominent trend in the silico manganese market is the escalating investments made by major companies to expand their production facilities. Key players in the silico manganese market are directing their focus on increasing output and investments to fortify their market position. For example, Arab Alloys, an Egypt-based producer of ferroalloys, invested $32.795 million (EGP 1 billion) to establish an industrial complex for ferroalloys in the Suez Canal economic zone (SCZone), aiming to produce 48,000 tonnes of ferrosilicon. This complex would also manufacture silicon manganese, primarily used in the iron and steel industries, as well as silicon metal, predominantly employed in the aluminum sector. Additionally, Pertama Ferroalloys (PFA), a Malaysia-based provider of ferroalloys and silico manganese, is undertaking a substantial investment of US$600 million (RM2.81 billion) for the second-phase expansion of its ferroalloy smelting plant. This plant, the first manganese alloy and ferrosilicon smelting facility in Malaysia, underscores the trend of increasing investments in the silico manganese market.

Major players in the silico manganese market are also concentrating on manganese ore mining as part of their strategy to expand production facilities and augment investments in the market. For instance, in August 2023, Eramet, a French mining company, resumed its manganese ore mining operations and rail transport in Gabon. Eramet, a significant producer of manganese alloys, particularly silico manganese used in steel manufacturing, deems the restoration of mining activities and rail transport as crucial for ensuring a stable supply of manganese ore. This development is expected to have a notable impact on the global silico manganese market.

Major companies operating in the silico manganese market report are Anglo American plc, Assmang Proprietary Limited, Brahm Group GmbH, Eramet Group SA, Gulf Ferro Alloys Company, Henan Xibao Metallurgy Materials Group Co. Ltd., Jindal Steel & Power Limited, Mesa Minerals Limited, Nippon Denko Co. Ltd., OM Holdings Limited, Pertama Ferroalloys Sdn. Bhd., Steel Authority of India Limited, Sakura Ferroalloys Co. Ltd., Tata Steel Limited, Maithan Alloys Ltd., Nava Bharat Enterprises Ltd., Rohit Ferro Tech Limited, Sichuan Iron & Steel Group Co. Ltd., Hunan Valin Steel Group Co. Ltd., Xingtai Iron & Steel Group Co. Ltd., Aceromax S.A. de C.V., Atlantic Nickel Mining Corp., China Nonferrous Metal Mining Group Co. Ltd., CPO Global Pte Ltd., Euro Manganese Inc., Ferroglobe PLC, Glencore plc, Huadong Magnesium Co. Ltd., Mangalore Chemicals & Fertilizers Ltd., Tewoo Group International Co. Ltd. .

Asia-Pacific was the largest region in the silico manganese market in 2023. The regions covered in the silico manganese market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the silico manganese market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The silico manganese market consists of sales of ultra-low carbon silico manganese, and ferro manganese. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11326

1. Executive Summary

2. Silico Manganese Market Characteristics

3. Silico Manganese Market Trends And Strategies

4. Silico Manganese Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Silico Manganese Market Size and Growth

5.1. Global Silico Manganese Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Silico Manganese Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Silico Manganese Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Silico Manganese Market Segmentation

6.1. Global Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Low Carbon
Medium Carbon
High Carbon
6.2. Global Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Carbon Steel
Stainless Steel
Alloy Steel
Cast Iron
Other Applications
6.3. Global Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Defense
Automotive
Consumer Appliances
Construction

7. Silico Manganese Market Regional And Country Analysis

7.1. Global Silico Manganese Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Silico Manganese Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Silico Manganese Market

8.1. Asia-Pacific Silico Manganese Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Silico Manganese Market

9.1. China Silico Manganese Market Overview
9.2. China Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Silico Manganese Market

10.1. India Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Silico Manganese Market

11.1. Japan Silico Manganese Market Overview
11.2. Japan Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Silico Manganese Market

12.1. Australia Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Silico Manganese Market

13.1. Indonesia Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Silico Manganese Market

14.1. South Korea Silico Manganese Market Overview
14.2. South Korea Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Silico Manganese Market

15.1. Western Europe Silico Manganese Market Overview
15.2. Western Europe Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Silico Manganese Market

16.1. UK Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Silico Manganese Market

17.1. Germany Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Silico Manganese Market

18.1. France Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Silico Manganese Market

19.1. Italy Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Silico Manganese Market

20.1. Spain Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Silico Manganese Market

21.1. Eastern Europe Silico Manganese Market Overview
21.2. Eastern Europe Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Silico Manganese Market

22.1. Russia Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Silico Manganese Market

23.1. North America Silico Manganese Market Overview
23.2. North America Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Silico Manganese Market

24.1. USA Silico Manganese Market Overview
24.2. USA Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Silico Manganese Market

25.1. Canada Silico Manganese Market Overview
25.2. Canada Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Silico Manganese Market

26.1. South America Silico Manganese Market Overview
26.2. South America Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Silico Manganese Market

27.1. Brazil Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Silico Manganese Market

28.1. Middle East Silico Manganese Market Overview
28.2. Middle East Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Silico Manganese Market

29.1. Africa Silico Manganese Market Overview
29.2. Africa Silico Manganese Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Silico Manganese Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Silico Manganese Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Silico Manganese Market Competitive Landscape And Company Profiles

30.1. Silico Manganese Market Competitive Landscape
30.2. Silico Manganese Market Company Profiles
- 30.2.1. Anglo American plc
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Assmang Proprietary Limited
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Brahm Group GmbH
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Eramet Group SA
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Gulf Ferro Alloys Company
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Silico Manganese Market Competitive Benchmarking

32. Global Silico Manganese Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Silico Manganese Market

34. Silico Manganese Market Future Outlook and Potential Analysis

34.1 Silico Manganese Market In 2028 - Countries Offering Most New Opportunities
34.2 Silico Manganese Market In 2028 - Segments Offering Most New Opportunities
34.3 Silico Manganese Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer