Ferro Manganese Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 18.51 Billion
CAGR (2026-2031)	7.94%
Fastest Growing Segment	High Carbon
Largest Market	Asia Pacific
Market Size (2031)	USD 29.28 Billion

Market Overview

The Global Ferro Manganese Market will grow from USD 18.51 Billion in 2025 to USD 29.28 Billion by 2031 at a 7.94% CAGR. Ferro manganese is a ferroalloy characterized by a high manganese content which is utilized primarily as a deoxidizer and desulfurizer in steel manufacturing to enhance tensile strength and wear resistance. The growth of this market is fundamentally supported by robust demand from the construction and automotive sectors which necessitate significant volumes of high grade steel for global infrastructure and vehicle assembly. According to the World Steel Association, in 2024, total world crude steel production reached 1,882.6 million tonnes. This volume underscores the critical reliance on manganese alloys as essential inputs for industrial applications and structural development.

A major challenge currently impeding market expansion involves the escalating enforcement of environmental regulations and carbon emission standards. The smelting process for ferro manganese consumes high amounts of energy and generates substantial greenhouse gases which leads to strict compliance mandates and potential carbon taxes. These regulatory pressures impose heavy financial burdens on manufacturers and constrain production capacities thereby presenting a substantial obstacle to broader market growth and investment.

Key Market Drivers

Strategic government investments in public works and construction significantly bolster the global ferro manganese market. Large-scale infrastructure projects necessitate vast quantities of structural steel, for which ferro manganese is an indispensable alloying agent used to ensure durability and resistance to fracture. Consequently, state-funded development projects create a sustained requirement for high-grade manganese alloys to meet rigorous engineering standards. According to the Press Information Bureau, February 2024, in the 'Interim Budget 2024-2025', the Government of India increased the capital expenditure outlay for infrastructure development by 11.1 per cent to ₹11,11,111 crore. This surge in budgetary allocation for physical infrastructure highlights the direct correlation between public spending and the industrial demand for essential steel additives.

Escalating global steel production, particularly within developing nations, further drives the consumption of ferro manganese. As economies industrialize, the manufacturing sectors require stronger steel variants for heavy machinery, thereby intensifying the smelting schedules of ferroalloy producers to meet quality specifications. According to the World Steel Association, October 2024, in the 'Short Range Outlook October 2024', steel demand in India is forecast to grow by 8.0 per cent during the year. This robust uptake in steel usage ensures a continuous order flow for manganese suppliers. Additionally, raw material availability is ramping up to support this expansion; according to the Ministry of Steel, in 2024, MOIL Limited achieved its highest-ever annual production of 1.75 million tonnes of manganese ore, reflecting a 35 per cent growth to support domestic alloy manufacturing.

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Key Market Challenges

The escalating enforcement of environmental regulations and carbon emission standards serves as a primary constraint on the Global Ferro Manganese Market. The smelting process required to produce this ferroalloy is inherently energy-intensive and generates substantial greenhouse gas emissions, making it a prime target for strict environmental oversight. As governments implement rigorous compliance mandates and carbon taxation frameworks, manufacturers are forced to incur higher operational costs and invest heavily in emission control systems. These financial pressures erode profit margins and limit capital availability for capacity expansion, effectively bottlenecking production capabilities.

This regulatory environment creates a ripple effect that dampens industrial activity in key end-use sectors, directly hampering the uptake of manganese alloys. The impact of these broader industrial constraints is evident in the performance of the downstream steel sector. According to the World Steel Association, in October 2024, global finished steel demand was projected to decrease by 0.9%. This contraction in the primary consumer market highlights how environmental and regulatory headwinds are restricting industrial throughput, thereby stalling the growth trajectory of the ferro manganese sector.

Key Market Trends

A significant trend reshaping the industry is the strategic diversification into high-purity manganese production specifically for battery chemistries. While traditional ferro manganese is predominantly consumed by the steel sector, the rapid expansion of the electric vehicle market is compelling major alloy producers to vertically integrate and modify processing assets to deliver battery-grade materials. This pivot allows companies to mitigate the cyclical volatility of the steel industry and capture high-margin opportunities within the energy storage value chain. Highlighting this shift, according to South32, May 2024, in the 'Hermosa awarded US DoD grant to help support battery-grade manganese production' announcement, the company secured a US$20 million grant, matched by a US$43 million internal investment, to accelerate the development of domestic battery-grade manganese infrastructure in the United States.

Concurrently, the market is witnessing the accelerated adoption of green smelting technologies and carbon capture solutions to decarbonize energy-intensive furnace operations. Producers are moving beyond basic regulatory compliance to implement advanced innovations such as Carbon Capture and Utilization (CCU) and bio-reductants, which transform industrial emissions into commercially viable byproducts. This technological evolution not only reduces the carbon intensity of ferroalloy production but also introduces circular economy principles into the smelting process. For instance, according to Eramet, October 2024, in the 'Our decarbonization strategy' update, the company launched a partnership project to capture gases from its Porsgrunn manganese alloy plant, aiming to transform approximately 50,000 tonnes of CO2e per year into ethanol for industrial use.

Segmental Insights

The High Carbon segment represents the fastest-growing category within the Global Ferro Manganese Market, primarily driven by its extensive application in the carbon steel manufacturing process. This variant serves as a critical deoxidizer and desulfurizer, making it essential for producing the durable steel required for large-scale construction and infrastructure projects. As indicated by industrial trends monitored by the World Steel Association, the expanding global construction sector continues to fuel the demand for bulk steel, thereby accelerating the consumption of High Carbon Ferro Manganese. Its cost-efficiency compared to refined alternatives further solidifies its preference among steel producers for general applications.

Regional Insights

Asia Pacific dominates the global ferro manganese market, driven primarily by its status as the central hub for crude steel production. Major economies such as China and India account for a vast portion of worldwide steel manufacturing, as indicated by production trends monitored by the World Steel Association. This heavy industrial activity necessitates substantial quantities of ferro manganese, which serves as a vital alloying agent to enhance material strength. Consequently, rapid urbanization and sustained infrastructure development in these nations continue to fuel regional demand, ensuring the market remains concentrated in this geography.

Recent Developments

In February 2025, Eramet announced the launch of "eraLow," a new brand of manganese alloys characterized by a significantly reduced carbon footprint. The company introduced this product line to offer the steel industry a solution for decarbonizing its value chain, with the alloys guaranteed to have carbon emissions of less than 1.9 tonnes of CO2 per tonne of alloy, which is approximately half the global industry average. This launch included a verified carbon intensity assurance statement by an independent third party and utilized blockchain technology to ensure transparency regarding the production process and environmental impact for customers.
In October 2024, OM Holdings Limited, through its subsidiary, signed a Memorandum of Understanding with South32 Marketing Pte Ltd to collaborate on a project aimed at repurposing ferroalloy slag. The initiative focuses on developing innovative solutions to close the waste loop for silicomanganese slag, a by-product of manganese alloy production that was previously considered non-recyclable within the smelting complex. The collaboration aims to recycle this slag as a substitute for natural aggregates in concrete, thereby reducing the need for virgin materials and lowering the overall environmental footprint of the production process.
In May 2024, South32 Limited was awarded a US$20 million grant from the U.S. Department of Defense to accelerate the development of a domestic battery-grade manganese supply chain at its Hermosa project in Arizona. This funding, provided under the Defense Production Act Investment Program, was matched by the company to support infrastructure and further pilot testing. The project is the only advanced mine development in the United States that has demonstrated the capability to produce battery-grade manganese from a domestic ore source, marking a significant step in diversifying the company’s portfolio beyond traditional ferroalloys into critical battery materials.
In March 2024, Ferroglobe PLC signed a Memorandum of Understanding with Coreshell, a battery technology company, to collaborate on the production of battery-grade metallurgical silicon for electric vehicles. This partnership aims to leverage Ferroglobe's proprietary purification process to develop low-cost, high-range battery anodes that replace graphite and silane-based silicon. The collaboration represents a strategic breakthrough research initiative for the ferroalloy producer, enabling it to expand its presence in the high-growth electric vehicle market while utilizing its extensive experience in silicon and manganese-based alloy production.

Key Market Players

Nippon Denko Corporation
Sakura Ferroalloys SDN BHD
South32 Limited
Assmang Limited
Ferroglobe PLC
Satka Metallurgical Mill
Autlan S.A.B. de C.V.
OM Sarawak SDN. BHD
KG DongBu Steel Co., Ltd.
Vale S.A.

By Grade	By Application	By Production Method	By Region
High Carbon Refined	Carbon Steel Stainless Steel Alloy Steel Cast Iron	Metallurgy Chemical Industry and Steel Industry	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Ferro Manganese Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Ferro Manganese Market, By Grade:

High Carbon
Refined

Ferro Manganese Market, By Application:

Carbon Steel
Stainless Steel
Alloy Steel
Cast Iron

Ferro Manganese Market, By Production Method:

Metallurgy
Chemical Industry
and Steel Industry

Ferro Manganese Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Ferro Manganese Market.

Available Customizations:

Global Ferro Manganese Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Ferro Manganese Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Ferro Manganese Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Grade (High Carbon, Refined)

5.2.2. By Application (Carbon Steel, Stainless Steel, Alloy Steel, Cast Iron)

5.2.3. By Production Method (Metallurgy, Chemical Industry, and Steel Industry)

5.2.4. By Region

5.2.5. By Company (2025)

5.3. Market Map

6. North America Ferro Manganese Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Grade

6.2.2. By Application

6.2.3. By Production Method

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States Ferro Manganese Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Grade

6.3.1.2.2. By Application

6.3.1.2.3. By Production Method

6.3.2. Canada Ferro Manganese Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Grade

6.3.2.2.2. By Application

6.3.2.2.3. By Production Method

6.3.3. Mexico Ferro Manganese Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Grade

6.3.3.2.2. By Application

6.3.3.2.3. By Production Method

7. Europe Ferro Manganese Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Grade

7.2.2. By Application

7.2.3. By Production Method

7.2.4. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Ferro Manganese Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Grade

7.3.1.2.2. By Application

7.3.1.2.3. By Production Method

7.3.2. France Ferro Manganese Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Grade

7.3.2.2.2. By Application

7.3.2.2.3. By Production Method

7.3.3. United Kingdom Ferro Manganese Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Grade

7.3.3.2.2. By Application

7.3.3.2.3. By Production Method

7.3.4. Italy Ferro Manganese Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Grade

7.3.4.2.2. By Application

7.3.4.2.3. By Production Method

7.3.5. Spain Ferro Manganese Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Grade

7.3.5.2.2. By Application

7.3.5.2.3. By Production Method

8. Asia Pacific Ferro Manganese Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Grade

8.2.2. By Application

8.2.3. By Production Method

8.2.4. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Ferro Manganese Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Grade

8.3.1.2.2. By Application

8.3.1.2.3. By Production Method

8.3.2. India Ferro Manganese Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Grade

8.3.2.2.2. By Application

8.3.2.2.3. By Production Method

8.3.3. Japan Ferro Manganese Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Grade

8.3.3.2.2. By Application

8.3.3.2.3. By Production Method

8.3.4. South Korea Ferro Manganese Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Grade

8.3.4.2.2. By Application

8.3.4.2.3. By Production Method

8.3.5. Australia Ferro Manganese Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Grade

8.3.5.2.2. By Application

8.3.5.2.3. By Production Method

9. Middle East & Africa Ferro Manganese Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Grade

9.2.2. By Application

9.2.3. By Production Method

9.2.4. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Ferro Manganese Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Grade

9.3.1.2.2. By Application

9.3.1.2.3. By Production Method

9.3.2. UAE Ferro Manganese Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Grade

9.3.2.2.2. By Application

9.3.2.2.3. By Production Method

9.3.3. South Africa Ferro Manganese Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Grade

9.3.3.2.2. By Application

9.3.3.2.3. By Production Method

10. South America Ferro Manganese Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Grade

10.2.2. By Application

10.2.3. By Production Method

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Ferro Manganese Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Grade

10.3.1.2.2. By Application

10.3.1.2.3. By Production Method

10.3.2. Colombia Ferro Manganese Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Grade

10.3.2.2.2. By Application

10.3.2.2.3. By Production Method

10.3.3. Argentina Ferro Manganese Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Grade

10.3.3.2.2. By Application

10.3.3.2.3. By Production Method

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Ferro Manganese Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Nippon Denko Corporation

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Sakura Ferroalloys SDN BHD

15.3. South32 Limited

15.4. Assmang Limited

15.5. Ferroglobe PLC

15.6. Satka Metallurgical Mill

15.7. Autlan S.A.B. de C.V.

15.8. OM Sarawak SDN. BHD

15.9. KG DongBu Steel Co., Ltd.

15.10. Vale S.A.

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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