(MENAFN- iCrowdNewsWire) Electrolytic Manganese Dioxide Market Analysis By Current Industry Status & Growth Opportunities, Top Key Players, Target Audience and Forecast to 2027
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iCrowdNewswire Jan 14, 2021 4:40 AM ET
The high demand for batteries, such as lithium-ion, zinc-carbon, and alkaline batteries from an array of end-use sectors, like electrical and automotive, is expected to drive the growth. The development of Lithiated Manganese Dioxide (LMD) battery is one of the most prominent advancements that the electrolytic manganese dioxide (EMD) market has registered. It has a mixture of manganese, lithium, and oxygen, and offers several advantages, such as high-power output, thermal stability, and improved safety, which increases its demand among the manufacturers producing electric vehicles.
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Leading Players Profiled in the Report Include:
Tosoh Corporation, Mesa Minerals Limited; Tronox Limited; Price International Corporation; American Manganese Inc.; Xiangtan Electrochemical Scientific Ltd.; Micromesh Minerals & Metals; Qingdao BassTech Co., Ltd.; and Metallics Mine-chem Pvt. Ltd.
Market Drivers
The Global Electrolytic Manganese Dioxide Market size was valued at USD 1.34 billion in 2019 and is expected to expand at a CAGR of 7.2% during the forecast period to reach a valuation of USD 2.33 billion by 2027. The growth of the EMD market is expected to be affected positively by the rise in demand for portable devices. Batteries can withstand damage and fluctuations and provide electrical and electronic devices with a continuous power supply. The upsurge in the adoption of hybrid and electric cars, coupled with the government's incentives to encourage EV technology, is expected to fuel the growth of both the battery and electric car industries.
Regional Outlook
North America accounted for around USD 565 million in 2019 and held the largest market share. Europe is expected to reach nearly USD 346 million by 2025 owing to the growing demand in EV and battery-operated electronic devices. Asia Pacific accounted for 34% of the EMD market share in 2019 and is anticipated to gain traction over the forecast period due to the surge in demand from battery application. Asia Pacific is the largest EMD producer globally because it has been witnessing a rise in the power storage systems coupled with the increasing automotive electronics industry.
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Segments Covered in the Report
Application Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2027)
- Batteries
- Alkaline Batteries
- Zinc-carbon Batteries
- Li-ion Batteries
- Water Treatment
- Others
Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2027)
- North America
- Europe
- Germany
- U.K
- Russia
- Poland
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Latin America
- Middle East & Africa
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Key Points of the Report:
Market Overview: This section of the report offers actionable insights into the global Electrolytic Manganese Dioxide market, encompassing the historical and future timelines, key dynamics, latest market trends, growth trajectories, and the future market scope. It highlights the principal market segments, including the main product types, application gamut, end-user industries, and regional spectrum.
Executive Summary: In this section of the report, a comprehensive assessment of the competitive landscape of the market, regional mapping, CAGR, and various crucial parameters like key market drivers, restraints, trends, challenges, and growth prospects.
COVID-19 Impact Analysis: The report closely analyzes the impact of the COVID-19 pandemic on numerous aspects of the Electrolytic Manganese Dioxide industry, such as production capacity, consumption rate, import-export status, demand & supply ratio, and the estimated revenue generation of each regional segment.
Competitive Landscape: This segment of the report systematically profiles the leading companies functioning in the Electrolytic Manganese Dioxide industry. Moreover, the report emphasizes the global market value & volume, product portfolios, production capacity, and other vital aspects of these companies.
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