Manganese Carbonate Market will be worth of US$ 464.1 Mn by 2023, expanding at a CAGR of 4.2%

Transparency Market
Research
Manganese Carbonate Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast
2015 - 2023
Published Date
03-Nov-2015
120 Page Report
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Press Release
Global Manganese Carbonate Sales to Hold Steady as
Applications Grow in Agriculture and Homeware Sectors,
Says TMR
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Manganese Carbonate Market
REPORT DESCRIPTION
Manganese Carbonate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2015 - 2023
The review is based on findings of a TMR report, titled “Manganese Carbonate Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.” By revenue, the global manganese
carbonate market stood at US$322.2 mn in 2014. Exhibiting a CAGR of 4.2% between 2015 and 2023, the
market is expected to reach US$464.1 mn by the end of 2023.
Based on volume, the agrochemicals segment reported the highest demand for manganese carbonate in 2014.
The segment held over 68% of the manganese carbonate market in the year. Regionally, Asia Pacific
dominated the global manganese carbonate market, holding a share of 75.5% in terms of volume in 2014.
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Rising Use of Manganese Carbonate as Micronutrient in Agriculture to Fuel its Demand
The rising use of manganese carbonate as an essential agriculture micronutrient will considerably fuel their
sales. This chemical is often added to plant fertilizers as a treatment for crops with manganese-deficiency.
Agricultural sector still holds dominance across several emerging economies in Asia Pacific and Latin America.
Hence, these regions are projected to provide lucrative opportunities for manganese carbonate manufacturers,
as they exhibit high demand for micronutrient fertilizers.
“Since, manganese carbonate is used as a colorant in ceramics and porcelain products, their increasing use in
the homeware industry will fuel demand from the manganese carbonate market,” observed the author of the
TMR study. The homeware market witnesses lucrative opportunities in Asia Pacific and the Middle East and
Africa. Demand for porcelain and ceramics is thus high across these regions, which translates into increased
opportunities for manganese carbonate sales.
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Manganese Carbonate Market
Region-specific Concentration of Reserves to Limit Scope for Expansion
One of the key factors favoring growth of the manganese carbonate market in emerging regions such as Latin
America, Africa, and Asia Pacific is that a majority of manganese reserves are concentrated in these regions.
However, “Region-specific concentration of manganese reserves have resulted in lesser global opportunities
for manufacturers,” states the TMR analyst. This limits the market’s expansion in developed economies.
Furthermore, the majority of manufacturers have signed agreements with mining companies located in close
vicinity. This in turn hinders the entry of new players in the market in the absence of favorable agreements.
Nevertheless, the potential applications of manganese carbonate in concrete staining will boost its sales in the
near future. Concrete staining is slowly emerging as popular technique to create decorate, durable, and easy
to maintain home surfaces. The rising use of manganese carbonate to stain concrete surfaces will bolster its
sales opportunities in the forthcoming years.
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The global manganese carbonate market currently demonstrates the presence of numerous small and
medium-scale companies. As per a new Transparency Market Research (TMR) report, intense competition
exists among these enterprises engaged in the manufacturing different grades of manganese carbonate. In
order to gain a stronger hold in the market, companies such as American Elements, Alfa Aesar, Zncus
Chemical Co., Ltd., and GFS Chemicals, Inc. are investing in the research and development of novel grades of
manganese carbonate. These companies are working closely with consumers to develop products that cater to
their dynamic preferences.
Besides these, the leading companies in the market are also looking to expand their production capacities by
capitalizing on untapped opportunities in emerging markets. Due to the prevalence of these factors, the degree
of competition in the market is expected to remain high through the forecast period from 2015 to 2023.
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Manganese Carbonate Market
Key Takeaway:
•
Rising use of manganese carbonate as a micronutrient in agriculture to keep revenue growth steady.
•
Accounting for 68% of the market in 2014, agrochemicals segment exhibited highest demand for
manganese carbonate.
•
Asia Pacific accounted for 75.5% of global demand for manganese carbonate in 2014.
The report segments the global manganese carbonate market as:
Manganese Carbonate Market – Application Analysis
•
Agrochemicals
•
Glaze Colorant
•
Chemical Intermediates
•
Others (Including Food Supplements and Medical)
Manganese Carbonate Market - Regional Analysis
North America
•
U.S.
•
Rest of North America
Europe
•
Spain
•
Italy
•
Germany
•
U.K.
•
France
•
Rest of Europe
Asia Pacific
•
China
•
India
•
ASEAN
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Manganese Carbonate Market
•
Rest of Asia Pacific
Latin America
•
Brazil
•
Rest of Latin America
Middle East & Africa
•
GCC countries
•
South Africa
•
Rest of Middle East & Africa
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TABLE OF CONTENT
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Scope & Assumptions
1.4 Research Methodology
Chapter 2 Executive Summary
2.1 Global Manganese Carbonate Market, 2014 - 2023, (Tons) (US$ Thousand)
2.2 Manganese Carbonate Market: Market Snapshot, 2014 & 2023
Chapter 3 Manganese Carbonate Market – Industry Analysis
3.1 Introduction
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3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Expansion of Agricultural Micronutrients Industry is Expected to Boost Demand for Manganese
Carbonate
3.3.2 Increasing Demand from Ceramics and Porcelain Home Ware Industry Set to Drive Manganese
Carbonate Market
3.4 Restraints
3.4.1 Unfavorable Supply Scenario due to Region-specific Concentration of Reserves Could Affect
Manganese Carbonate Market Growth
3.5 Opportunity
3.5.1 Potential Applications in Concrete Staining
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of New Entrants
3.6.4 Threat of Substitutes
3.6.5 Degree of Competition
3.7 Manganese Carbonate: Market Attractiveness Analysis
Chapter 4 Raw Material and Price Trend Analysis
4.1 Global Manganese Carbonate Price Trend Analysis, 2014–2023 (US$/Ton)
Chapter 5 Manganese Carbonate Market – Application Analysis
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5.1 Global Manganese Carbonate Market Volume Share by Application
5.2 Manganese Carbonate Market by Application
5.2.1 Manganese Carbonate Market for Agrochemicals, 2014 – 2023 (Tons) (US$ Thousand)
5.2.2 Manganese Carbonate Market for Glaze Colorant, 2014 – 2023 (Tons) (US$ Thousand)
5.2.3 Manganese Carbonate Market for Chemical Intermediates, 2014 – 2023 (Tons) (US$ Thousand)
5.2.4 Manganese Carbonate Market for Others, 2014 – 2023 (Tons) (US$ Thousand)
Chapter 6 Global Manganese Carbonate Market - Regional Analysis
6.1 Global Manganese Carbonate Market Volume Share by Region
6.2 North America
6.2.1 North America Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.2.2 North America Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
6.2.3 U.S.
6.2.3.1 U.S. Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.2.3.2 U.S. Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
6.2.4 Rest of North America
6.2.4.1 Rest of North America Manganese Carbonate Market Volume, by Application, 2014 – 2023
(Tons)
6.2.4.2 Rest of North America Manganese Carbonate Market Revenue, by Application, 2014 – 2023
(US$ Thousand)
6.3 Europe
6.3.1 Europe Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
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6.3.2 Europe Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
6.3.3 Spain
6.3.3.1 Spain Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.3.3.2 Spain Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
6.3.4 Italy
6.3.4.1 Italy Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.3.4.2 Italy Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
6.3.5 Germany
6.3.5.1 Germany Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.3.5.2 Germany Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$
Thousand)
6.3.6 U.K.
6.3.6.1 U.K. Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.3.6.2 U.K. Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
6.3.7 France
6.3.7.1 France Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.3.7.2 France Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
6.3.8 Rest of Europe
6.3.8.1 Rest of Europe Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.3.8.2 Rest of Europe Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$
Thousand)
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6.4 Asia Pacific
6.4.1 Asia Pacific Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.4.2 Asia Pacific Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
6.4.3 China
6.4.3.1 China Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.4.3.2 China Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
6.4.4 India
6.4.4.1 India Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.4.4.2 India Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
6.4.5 ASEAN
6.4.5.1 ASEAN Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.4.5.2 ASEAN Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
6.4.6 Rest of Asia Pacific
6.4.6.1 Rest of Asia Pacific Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.4.6.2 Rest of Asia Pacific Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$
Thousand)
6.5 Latin America
6.5.1 Latin America Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.5.2 Latin America Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
6.5.3 Brazil
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6.5.3.1 Brazil Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.5.3.2 Brazil Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
6.5.4 Rest of Latin America
6.5.4.1 Rest of Latin America Manganese Carbonate Market Volume, by Application, 2014 – 2023
(Tons)
6.5.4.2 Rest of Latin America Manganese Carbonate Market Revenue, by Application, 2014 – 2023
(US$ Thousand)
6.6 Middle East & Africa (MEA)
6.6.1 Middle East & Africa Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.6.2 Middle East & Africa Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$
Thousand)
6.6.3 GCC
6.6.3.1 GCC Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.6.3.2 GCC Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
6.6.4 South Africa
6.6.4.1 South Africa Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.6.4.2 South Africa Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$
Thousand)
6.6.5 Rest of MEA
6.6.5.1 Rest of MEA Manganese Carbonate Market Volume, by Application, 2014 – 2023 (Tons)
6.6.5.2 Rest of MEA Manganese Carbonate Market Revenue, by Application, 2014 – 2023 (US$
Thousand)
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Chapter 7 Company Profiles
7.1 All-Chemie Ltd
7.2 Airedale Chemical Company Ltd
7.3 American Elements
7.4 Alfa Aesar
7.5 Akshar Chemicals
7.6 Sunrise Enterprise
7.7 Chemalloy
7.8 GFS Chemicals, Inc.
7.9 Mil-Spec Industries Corporation
7.10 Zncus Chemical Co., Ltd
Chapter 8 Primary Research – Key Findings
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The review is based on findings of a TMR report, titled “Manganese Carbonate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.” By revenue, the global manganese carbonate market stood at US$322.2 mn in 2014. Exhibiting a CAGR of 4.2% between 2015 and 2023, the market is expected to reach US$464.1 mn by the end of 2023.