Electrolytic Manganese Dioxide Market Size, Share, Growth Analysis, By Application(Batteries, Alkaline Batteries) - Industry Forecast 2024-2031

Report ID: SQMIG15J2063 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 39 | Figures: 64

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Electrolytic Manganese Dioxide Market size was valued at USD 1.50 billion in 2022 and is poised to grow from USD 1.61 billion in 2023 to USD 2.78 billion by 2031, growing at a CAGR of 7.1% in the forecast period (2024-2031).

The competitive landscape of the EMD market is characterized by the presence of key players actively vying for market share. These players are engaged in strategic initiatives to enhance their product portfolios, expand their market reach, and capitalize on the growing demand for battery materials. The market is moderately consolidated, with a mix of established multinational corporations and specialized manufacturers. 'Tosoh Corporation (Japan)', 'Tronox Holdings plc (United States)', 'Prince International Corporation (United States)', 'Mesa Minerals Limited (Australia)', 'Cegasa (Spain)', 'Delta EMD Limited (United Kingdom)', 'Good Earth Minerals, LLC (United States)', 'Micromesh Minerals & Metals (India)', 'Eveready Industries India Ltd (India)', 'CITIC Dameng Holdings Limited (China)'

The increasing demand for various types of batteries, including lithium-ion, alkaline, and zinc-carbon batteries, across industries such as automotive, electronics, and energy storage, is a significant driver for the electrolytic manganese dioxide market. Batteries serve as a critical power source for a wide range of applications, including electric vehicles, portable electronic devices, and renewable energy storage systems.

Advancements in Battery Technology: Ongoing advancements in battery technology, such as higher energy density and longer lifespan, are driving the demand for high-quality materials like electrolytic manganese dioxide. Market players are focusing on developing materials that enhance battery performance, contributing to the overall growth of the market.

By the year 2022, North America had firmly established its dominance in the market, capturing an impressive revenue share that exceeded 45%. This prevailing trend is foreseen to continue shaping the market landscape throughout the entire forecast period. The widespread application of electrolytic manganese dioxide (EMD) in battery cathodes, specifically within primary and secondary batteries essential for electric vehicles, stands as a driving force behind the burgeoning regional demand. This impetus is anticipated to serve as the paramount dynamic propelling the growth trajectory of the market over the envisaged timeframe.

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Global Electrolytic Manganese Dioxide Market

Product ID: SQMIG15J2063