Electrolytic Manganese Dioxide Market Size, Share & Industry Analysis By Application (Batteries, (Lithium Based, Zinc Based, Alkaline Based) Water Treatment, Others) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
With the increasing growth in population and improvement in living standards, the human demand for power has also increased. Many alternatives, clean and renewable energy sources are intermittent, and the energy supply may not match the energy demand. Hence, storage is needed to enable energy to be stored for use when it is necessary at a later time. Electrolytic Manganese Dioxide is widely used in energy storage devices.
EMD is one of the widely used cathode materials for alkaline batteries, lithium manganese primary batteries, and supercapacitors. It is prevalent in lithium, sodium and magnesium-ion rechargeable batteries. EMD has low production cost, environmental compatibility, high redox potential, high rate capability, better relative performance over a wide temperature range, and long storage life.
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Electrolytic Manganese Dioxide is used in Lithium-based batteries, Zinc-based batteries, and Alkaline batteries. Few other battery configurations using Electrolytic Manganese Dioxide are under research and not used commercially.
The primary market driver for global electrolytic manganese dioxide market is the increase in the usage of energy storage devices. Energy storage devices like batteries are increasingly used in automotive and power grids. Fluctuating prices of manganeses are a key restraint for the EMD prices.
Key Players Covered
Some of the notable companies in the global electrolytic manganese dioxide market are Tosoh Corporation, Mesa Minerals Limited, Atlantic Equipment Engineers, Inc., BariteWorld, Chemalloy Co. Inc., Xiangtan Electrochemical, Borman Speciality Materials, Prince, Cegasa, Quintal, Moil, Guizhou Redstar, DAMENG and Huiyuan.
Segmentation
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Regional Analysis
The global electrolytic manganese dioxide market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is set to dominate the electrolytic manganese dioxide market. China, USA, Japan, and South Africa are the major producers of electrolytic manganese dioxide in the world. Combined they account for more than 90 % of electrolytic manganese dioxide production. North America is a major consumer of electrolytic manganese dioxide due to the increase in the use of electric automobiles.
Several American, Chinese, Japnese, German, etc. automobile makers are researching electric automobile and are launching their own electric vehicles. Countries like China, India, etc. and the EU are promoting the use of electric vehicles for public transportation. Some of the new trains in Europe are battery-driven trains. All such activities will result in an increase in electrolytic manganese dioxide market. Rechargeable and modern batteries are increasingly used in satellites for longer service life. Batteries are also used for storage of renewable energy and provide stability to the grid in case of supply-demand mismatch.
Key Industry Developments
- In July 2019, India slashed Goods and Service Tax (GST) on electric vehicles and chargers to 5% from a previous GST of 12% and 18%, respectively. Local authorities in India will also be exempt from GST for hiring electric buses with a capacity of over 12 people.
- In July 2019, Western Farmers Electric Cooperative has entered into a power purchase agreement (PPA) with NextEra Energy Resources for a combined wind, solar and energy storage project. The PPA includes a 200-MW, four-hour battery storage project, which will begin operations by the end of 2023.
- Ongoing
- 2023
- 2019-2022
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