Manganese oxide is an inorganic compound, whose chemical formula is MnO. It is a grass-green or gray-green cubic powder or octahedral crystals. Its relative density is 5.43 ~ 5.46, its melting point is 1650℃, and it dissociates and sublimates at 3400℃. Manganese oxide is insoluble in water, but soluble in acid and ammonium chloride.
Manganese oxide can be divided into natural and
synthetic categories. Natural manganese
oxide mainly refers to manganate, which is a rare mineral composed of manganese
oxide. Synthetic manganese oxide refers to MnO synthesized artificially by
reducing manganese dioxide and decarbonizing manganese carbonate. It can be
used as ferrite production raw materials, coating and varnish desiccant, amyl
alcohol manufacturing catalyst, feed auxiliary agent, trace element fertilizer,
also used in medicine, smelting, welding, fabric reduction printing and dyeing,
glass coloring, grease bleaching, ceramic kiln industry and dry cell
manufacturing. In addition, the compound is mass-produced as a component of
fertilizers and food additives. Among all applications of manganese oxide,
fertilizers occupy the largest market, accounting for 40.85% of the market in
2020; Secondly, using manganese oxide as
a chemical for experiments occupied 24.85% market share; Used in food additives
with 19.71% market share ranked third.
The Middle East and Africa region is the largest
revenue market for the global manganese oxide industry. In 2015, the market
share of the region was 33.39%. However, its market share decreased year by
year from 2015 to 2020, and decreased to 30.52% in 2020, down 2.87% compared
with 2015. In 2020, China ranked second with a 15.59% market share. In
addition, data show that China\'s market share in the industry has been on the
rise year by year since 2015, and is expected to continue to grow in the coming
year, so it is expected to become the fastest-growing market in the industry. It
is estimated that by 2025, the total market value of Chinese manganese oxide
industry will reach $52.53 million, accounting for 16.88% of the global market.
From an international perspective,share of global GDP in China jumped from 4% in
2003 to 16% in 2019, according to the IMF. Domestically, economy of China has
shifted from export-led growth to consumption-led growth. Since 2003, China has
become the manufacturing center of the world, driving the
consumption of raw materials such as crude oil and natural gas. However, from the end of 2019 to the beginning
of 2020, the outbreak and spread of the epidemic brought a great impact on
Chinese economy. As the second-largest importer only to the United States, that means a potential
slowdown in China\'s economy will dampen global demand for commodities, putting
downward pressure on prices. Chinese manufacturing purchasing managers index (PMI),
released by the National Bureau of Statistics, was only 35.7% in February, down
14.3% points from January. But as the epidemic is gradually brought under
control and enterprises resume work and production in an orderly manner, the
demand for containment will be released in a concentrated manner. While expanding production, investment,
consumption and exports will gradually resume growth.
Global manganese oxide industry market concentration rate is moderate. The top three companies are Good Earth, Prince and Multitecnica, with a revenue market share of 15.53%, 12.99% and 4.80% respectively in 2020. The Good Earth Group is made up of manufacturing, mining and trading companies with manufacturing operations in India and South Africa and mining operations in Indonesia; Prince is a leading manufacturer of specialty chemicals and industrial additives and a key link between global suppliers and niche end markets, with a unique, integrated organic and mergers-driven growth model; For more than 27 years, Multitecnica has become a reference for the production and supply of inorganic salts in various production fields.
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According to our research, the total value of the
global manganese oxide industry market was $239.17 million in 2015 and
increased to $261.48 million in 2020. On this basis, we carry out a series of
functional calculations and use scientific models to derive the data for the
next five years. Finally, we forecast that the global market value of manganese
oxide industry will reach $311.19 million by 2025. The CAGR for 2020-2025 is
projected to be 3.54%.
Electric Vehicles Will Continue to be Popular
in the Future, and the Development of Global Manganese Oxide Industry Welcomes New
Opportunities
Electric vehicles are expected to become more prominent
in the vehicle production mix in the coming years due to the growing threat of
air pollution to humans and the growing global concern for environmental
protection. Electric cars will become cheaper and willingness of consumers to use
them will increase as concerns such as premature electric vehicles are addressed. Manganese oxide can be used as the anode material of lithium-ion
batteries. With the continuous expansion of lithium-ion batteries in new energy
vehicles and electronic products, the development of manganese oxide industry
has ushered in new opportunities. Policy incentives, improved performance and
increased customer affordability are all favorable factors, and the demand for
manganese oxide in the battery industry will continue to increase.
In addition, the discharge of pollutants has a
serious impact on the environment and water quality. As countries pay more and
more attention to environmental issues, some small mines have been closed due
to environmental protection policies. In the long run, it is beneficial to the
sustainable development of manganese oxide industry, but in the short run, the
increase of raw material cost and the decline of output will inevitably have a
certain negative impact on the development of the industry. On the other hand,
the rising cost of pollutant treatment will also have an impact on the
company\'s capital flow.
More than 80% of the world\'s manganese reserves are found in regions such as South Africa, Ukraine, Brazil and Australia. High concentrations of manganese ore mean many producers need to import raw materials. Trade frictions and changes in local policies may threaten the stability of raw material supply, which will be detrimental to the development of manganese oxide industry to some extent.
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