Global Electrolytic Manganese Dioxide (EMD) Market, 2023-2028
Market Overview
Manganese dioxides (MnO2) used in energy storage devices are generally classified into three categories based on their origin including natural MnO2 (NMD), chemical MnO2 (CMD), and electrolytic MnO2 (EMD). Between the two synthesis pathways, electrochemical deposition methods are known to be superior to chemical synthesis methods, as the purity and properties of the deposited material are better controlled. Thus, in commercial batteries, EMD is predominantly used and is likely to remain the preferred energy material for the foreseeable future.
The global EMD market was valued at USD 936.1 million in 2022. The market is expected to reach USD 1,315.9 million by the end of 2028, growing at a CAGR of 5.84% over the forecast period. Asia-Pacific held the highest market share in 2022, and is expected to remain dominant throughout the forecast period. The demand for alkaline batteries remains high across the world due to the numerous advantages of alkaline batteries, such as low cost and wide application across consumer electronics, including flashlights, calculators, clocks, and smoke alarms. Factors such as the increasing demand for alkaline batteries in military applications and increased demand for consumer electronics are expected to drive the market studied during the forecast period.
In 2020, the COVID-19 pandemic led to the temporary cessation of the overall manufacturing industry, including batteries industry as well as battery materials. However, these activities largely resumed in the second half of 2022, which is driving growth in the global market for EMD.
The market for electrolytic manganese dioxide (EMD) is segmented into zinc-carbon battery, lithium-ion battery, and alkaline battery. The alkaline battery segment held the largest share of the market in 2022 and is anticipated to develop at a 2.7% CAGR from 2023 to 2028.
The objective of the study is to present a comprehensive, up-to-date look at the market for EMD. Markets are divided according to EMD applications. The products in some markets are mature, while products in other markets are just beginning to emerge. The report is directed to decision-makers in the various areas of EMD applications and technologies, and it provides insight into those arenas for current and future development of EMD. The report is fleshed out with a section on the competitive landscape for EMD as well as a section on COVID-19’s impact on the EMD market.
This report serves as a comprehensive business tool, offering a detailed analysis of the market for EMD. With a global geographic scope, the report provides valuable insights into various aspects of the EMD market. It thoroughly examines each type of EMD and explores the associated technologies.
In addition to the comprehensive analysis of EMD types and technologies, the report delves into the market size of the EMD industry. It provides a thorough assessment of the market's current and projected size, taking into account factors such as market trends, growth drivers, and challenges. This analysis enables stakeholders to gain a clear understanding of the market's potential and make informed business decisions.
The market for EMD on a global scale is categorized based on its application into the following segments: zinc-carbon battery, lithium-ion battery, and alkaline battery. The alkaline battery segment represents a significant application area for EMD, as it is widely used in various household appliances and industrial applications. Alkaline batteries are commonly used in devices such as remote controls, flashlights, toys, and portable electronics. The alkaline battery segment benefits from the long shelf life, high energy density, and reliable performance provided by EMD. The growing demand for alkaline batteries in both residential and commercial sectors drives the market for EMD in this segment.
On the other hand, the lithium-ion battery segment is experiencing rapid growth due to the increasing demand for rechargeable batteries in various applications. Lithium-ion batteries are widely used in electric vehicles, portable electronics, energy storage systems, and other high-performance devices. The superior energy density, longer lifespan, and faster charging capabilities offered by lithium-ion batteries make them highly sought after in the market.
Geographical Analysis
The regions considered for market analysis in this report are:
North America (U.S., Mexico, Canada)
Europe (Germany, France, U.K., Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Taiwan, Rest of Asia-Pacific)
Middle East and Africa (Middle East, Africa)
Latin America (Brazil, Rest of Latin America)
In 2022, the Asia-Pacific region emerged as the largest market for EMD, representing 62.7% of the global volume. This dominance is expected to further strengthen, with the region projected to gain a 6.5% share in the EMD market. This growth can be attributed to the increasing demand for EMD in emerging countries within the region, such as China, India, and ASEAN members.
EMD plays a crucial role in the cathodes of batteries, making it an essential component in the energy storage industry. The Asia-Pacific region is witnessing a significant surge in the demand for primary and secondary batteries, particularly driven by the growing adoption of electric vehicles. The shift towards cleaner and more sustainable transportation solutions has led to an increased need for high-performance batteries, which in turn drives the demand for EMD.
China, as a major player in the electric vehicle market, is driving the demand for EMD in the Asia-Pacific region. The country's ambitious goals to reduce carbon emissions and promote electric mobility have resulted in a substantial increase in the production and sales of electric vehicles. This trend is expected to continue over the forecast period, further propelling the demand for EMD in the region.
Competitive Landscape
Major players operating in the global market include Xiangtan Electrochemical Technology Co., Ltd., CITIC Dameng Mining Industries Ltd., Tosoh Corporation, Guizhou Red Star Developing Co., Ltd., Borman Specialty Materials LLC (Tronox LLC), Guangxi Jingxi County Yizhou Manganese Industry Co., Ltd., Prince International Corporation (Erachem Manganese Chemicals), Eveready Battery Company, Inc. (Energizer Holdings, Inc.), Compania Minera Autlan, SAB de CV (Cegassa EMD), Guangxi Guiliu Chemical Co., Ltd., Quintal S.A., MOIL Limited, etc. To cater to the increasing demand for the product in various sectors, companies have started expanding their businesses through the strategies of mergers, acquisitions, installation of new production plants, and geographic expansion.
Key Questions Answered
What is the projected global market size of electrolytic manganese dioxide (emd) by 2028
In terms of market dominance, which application segment prevails in the electrolytic manganese dioxide (emd) market
Which region segment generates the highest revenue
Who are the key players with the largest market share in the electrolytic manganese dioxide (emd) market
What is the estimated global market size for the electrolytic manganese dioxide (emd) market in 2023
What are the main factors driving the growth of the electrolytic manganese dioxide (emd) market
What is the expected incremental growth of the electrolytic manganese dioxide (emd) market during the forecast period
1. Introduction 1
Study Goals 1
Market Segment 1
Research Methodology 1
Information Sources 2
Primary Research 2
Secondary Research 2
Geographic Breakdown 2
2. Key Findings 5
3. Market Overview 7
Definitions and Overview 7
Manganese Ore 7
Electrolytic Manganese Dioxide (EMD) 11
Market Size and Growth Prospects 12
EMD Value Chain Analysis 14
Technology Landscape 16
Regulatory Framework 17
Anti-dumping Legislations across Key Economies 18
Market Dynamics 20
Growth Drivers 21
Rising Battery Demand 21
Rising Electric Vehicles (EVs) Demand 22
Restraints 24
Overdependence on Chinese Imports 24
Competition from Alternative Chemistries 24
Increasing Cost of Raw Materials 25
Impact of COVID-19 Pandemic 25
4. EMD Market by Application 27
Overview 27
Zinc-Carbon Battery Segment 28
Lithium-ion Battery Segment 30
Alkaline Battery Segment 34
5. EMD Market by Geography 38
Overview 38
North America 38
Key Countries (U.S., Canada, Mexico) 39
Europe 40
Key Countries (Germany, UK, France, Italy, Russia, Spain, Rest of Europe) 41
Asia-Pacific 42
Key Countries (China, Japan, India, South Korea, Australia, Indonesia, Taiwan, Rest of Asia-Pacific) 43
MEA 44
Key Regions (Middle East, and Africa) 44
Latin America 45
Key Countries (Brazil, Rest of Latin America) 46
6. Competitive Landscape 47
7. Key Company Profiles 50
Borman Specialty Materials LLC (formally known as Tronox LLC) 50
Business Description 50
Products and Services 50
Financial Overview 50
CITIC Dameng Mining Industries Ltd. (South Manganese Investment Ltd.) 52
Business Description 52
Products and Services 52
Financial Overview 52
Compania Minera Autlan, SAB de CV/Cegasa Portable Energy (Cegasa EMD) 54
Business Description 54
Products and Services 54
Financial Overview 54
Guangxi Guiliu Chemical Co., Ltd. 56
Business Description 56
Products and Services 56
Financial Overview 56
Guangxi Jingxi County Yizhou Manganese Industry Co., Ltd. 58
Business Description 58
Products and Services 58
Financial Overview 58
Guizhou Red Star Developing Co., Ltd. 60
Business Description 60
Products and Services 60
Financial Overview 60
MOIL Limited 62
Business Description 62
Products and Services 62
Financial Overview 62
Prince International Corporation (Erachem Manganese Chemicals) 64
Business Description 64
Products and Services 64
Financial Overview 64
Quintal S.A. 66
Business Description 66
Products and Services 66
Financial Overview 66
Tosoh Corporation 68
Business Description 68
Products and Services 68
Financial Overview 69
Xiangtan Electrochemical Technology Co., Ltd. 70
Business Description 70
Products and Services 70
Financial Overview 71
Eveready Battery Company, Inc. (Energizer Holdings, Inc.) 72
Business Description 72
Products and Services 72
Financial Overview 73
8. Other Prominent Vendors 75
Guangxi Eramet Comilog Chemicals Co., Ltd. (Prince Minerals China Ltd.) 75
Guizhou Manganese Mineral Group Co., Ltd. 75
GoodEarth AgroChem (P) Ltd. 75
9. Industry News 77
10. Appendix 80
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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