Global Electrolytic Manganese Dioxide (EMD) Market, 2023-2028
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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
Research Methodology:
Global Electrolytic Manganese Dioxide (EMD) Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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