Ferro manganese is an important alloy element that is used in steel production to remove impurities such as oxygen and sulfur and to increase the hardenability and tensile strength of steel. It is primarily used in production of construction steels, stainless steels, carbon steels and other alloy steels. Growing infrastructure and construction activities in emerging economies have been driving the consumption of steels which in turn is increasing the demand for ferro manganese.

The global ferro manganese market is estimated to be valued at US$ 12.5 billion in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Ferro Manganese market include Vale S.A., Gulf Manganese Corporation, Manganese Metal Company (Pty) Ltd, South32, MOIL Limited, Yiwang Ferro Alloy Co. Ltd, S.C. Feral S.R.L, Consolidated Minerals Limited, ERAMET, and Vyankatesh Metals & Alloys Pvt Ltd. These key players are focusing on geographic and production capacity expansions to meet the growing demand for ferro manganese.

The growing infrastructure development activities in emerging economies of Asia Pacific and Latin America present significant growth opportunities in the Ferro manganese Market Trends The increasing investments in road, rail and building construction projects are expected to propel the demand for construction steels.

The increasing adoption of high strength low alloy (HSLA) steels in applications such as automotive, pipeline, machinery, shipbuilding and heavy equipment is driving the global ferro manganese market. The global producers of ferro manganese are focusing on expanding their production capacities in developing countries to cater to the growing demand.

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