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Kenneth Research recently added a report on ' Manganese Cathode Market ' which offers a complete evaluation of the market and its growth prospects along with new business opportunities in the industry. The report contains the market size and annual growth rate for a forecast period between 2022 and 2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Manganese Cathode Market products.
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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.
Manganese Cathode Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023
Manganese cathode is a promising material for battery technology that provides better thermal stability in lithium-ion batteries. It helps in cost management and provides an encouraging growth for overall battery materials.
Research Methodology
The manganese cathode market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology, wherein our industry experts and panel of primary participants helped in compiling the realistic parametric estimations. The participation share of different categories of primary participants is given below:
Key Market Insights
Manganese cathode acts as an active battery material, which helps in improving product development and enables various applications to grow in their respective markets. The material is mainly used in a primary battery, such as Leclanché cell and lithium-ion cells, which is creating growth toward the overall battery market.
Manganese cathode, based on their chemistries, are defined by two key technology types such as replaceable and rechargeable technologies. These two technologies work as a cost driver and thus significantly impact the consumer adoption of devices that utilize large energy storage contents (e.g., electric/hybrid vehicles).
The stringent regulations toward environment protection coupled with rising demand for hybrid vehicles have helped the battery market to expand. The developing countries, such as India and China, are significant markets for electronics with promising growth potential and maximum demand for manganese cathode. Asia Pacific is leading the manganese cathode market due to the advantage of having bigger market share for the advanced electronic equipment. North American countries are also developing high demand due to the higher consumer acceptance and large automotive market. Europe is the third largest market for manganese cathode due to heavy industrialization and consumer acceptance. Large infrastructure and high consumer spending in North America and Europe are the factors responsible for increasing demand for manganese cathode in these regions.
The study provides market size information and market trends along with the factors and parameters impacting the market in both short-term and long-term. The study ensures a 360° view, bringing out the key insights of the industry in detail. These insights will help the business decision-makers to devise better plans and make informed decisions for future profitability and growth of their businesses. In addition, the study helps venture capitalists in understanding the companies better and make intelligent decisions.
The global manganese cathode market is expected to grow at a CAGR of 10.0% during the forecast period to reach $10.11 billion by 2023. The replaceable technology is expected to maintain global dominance, which is currently driven by China. Asia Pacific is expected to contribute the highest toward the global manganese cathode market during the forecast period. Few of the key players in the manganese cathode market are Targray, Hitachi Chemicals, Exide Industries, Arkema, and Tesla.
Report Scope:
• Technology
o Replaceable
o Rechargeable
• Applications
o Consumer Electronics
o Transportation
o Industrial
o Others
• Regions
o Asia Pacific
o North America
o Europe
o Rest of the World
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About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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