PUBLISHER: The Business Research Company | PRODUCT CODE: 1664694
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664694
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 $30.81 billion in 2024 to $33.52 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to steel industry growth, rising demand for high-performance steel, growing automotive industry, raw material prices, 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 $48.23 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to green initiatives, renewable energy infrastructure, electric vehicles (EVs) adoption, circular economy practices, global urbanization. Major trends in the forecast period include focus on sustainable alloy production, customization for end-user industries, development of innovative alloy compositions, growing adoption of silico manganese in non-steel applications, 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 expanding manufacturing industry is expected to drive the growth of the silico manganese market in the future. The manufacturing sector encompasses all processes that transform raw materials into finished products, either sold to consumers or utilized by other businesses in their production processes. As this sector grows globally, particularly in emerging economies, the demand for steel-a crucial component in construction and industrial activities-is witnessing a significant increase. Silico manganese, an important alloy in steel production, is set to see heightened demand as manufacturers seek materials that enhance the strength and durability of steel. For example, in May 2024, the Australian Bureau of Statistics, a national statistical agency in Australia, reported that manufacturing industries saw an increase in EBITDA to $51,574 million in 2022-23, up from $50,446 million in 2021-22. Additionally, in November 2023, the National Institute of Standards and Technology, a U.S. government agency, noted that the U.S. manufacturing industry contributed $2.3 trillion to the economy, representing 12% of the total U.S. GDP. Thus, the growth of the manufacturing industry is propelling the expansion 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 include Anglo American plc, Assmang Proprietary Limited, Eramet Group SA, Gulf Ferro Alloys Company, Henan Xibao Metallurgy Materials Group Co. Ltd., Jindal Steel & Power 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., China Nonferrous Metal Mining Group Co. Ltd., Euro Manganese Inc., Ferroglobe PLC, Glencore plc, Tewoo Group International Co. Ltd.
Asia-Pacific was the largest region in the silico manganese market in 2024. 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.
Silico Manganese Global Market Report 2025 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.
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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.