Market Outlook
The Manganese Recycling market was valued at USD 940 million in 2023 and is projected to grow to USD 2,174 million by 2030, with a compound annual growth rate (CAGR) of 13.5% from 2024 to 2030. The manganese recycling market focuses on recovering and repurposing manganese from various waste streams, primarily scrap metals and used batteries. Manganese is essential for steel production, battery manufacturing, and several chemical processes, making its recycling vital for sustainable resource management.
Key drivers of this market include the increasing global demand for steel, driven by infrastructure development and urbanization, along with stricter environmental regulations aimed at reducing mining activities and carbon emissions. Additionally, the growth of the electric vehicle (EV) market has significantly increased the demand for manganese in lithium-ion batteries, highlighting the need for effective recycling solutions.
There are also many opportunities in technological advancements that improve recovery processes, as well as in government initiatives that promote sustainable practices through incentives and subsidies.
However, challenges remain, such as the high initial investment required for recycling infrastructure and the complexities associated with collecting and sorting manganese-rich materials. Market volatility, influenced by fluctuating manganese prices, and a general lack of consumer awareness about the benefits of recycling further complicate the landscape.
Despite these challenges, the manganese recycling market has significant growth potential, driven by the need for sustainable practices and the increasing emphasis on circular economy principles across various industries.
Key Insights
Asia-Pacific accounted for the largest share of the Manganese Recycling market at 47.50% in 2023. The Asia-Pacific region currently leads the manganese recycling market, holding a significant share. This dominance is largely attributed to major economies such as China, India, and Japan, which are substantial consumers of manganese in sectors like steel production, chemical manufacturing, and electronics. Additionally, the region's increasing industrialization and urbanization are driving the demand for recycled manganese.
In terms of Source, the Ferroalloys acquired share of 20.1%in 2023. In the global manganese recycling market, the ferroalloys segment typically leads in terms of market share. Manganese is a crucial component in steel production, mainly utilized in the form of ferroalloys like ferromanganese and silicomanganese. These ferroalloys are vital for deoxidizing steel and enhancing its strength and hardness, making the steel industry the largest consumer of manganese.
The batteries segment, particularly in relation to electric vehicles (EVs), is experiencing rapid growth due to increasing demand for manganese in lithium-ion and other battery technologies. Although this segment has not yet surpassed ferroalloys in market share, it is projected to expand significantly in the coming years, driven by the transition to renewable energy and the adoption of EVs.
While the scrap steel and other segments also contribute to the market, their impact is smaller compared to ferroalloys. The dominance of the ferroalloys segment is primarily fueled by the ongoing demand from the steel industry for manganese as an essential additive.
Market Dynamics
Growing global demand for steel, especially in construction and automotive industries, drives the need for manganese recycling.
The increasing global demand for steel, particularly in the construction and automotive sectors, significantly drives the need for manganese recycling. Manganese is a vital alloying element in steel production, enhancing its strength, toughness, and resistance to wear. As urbanization accelerates and infrastructure development grows worldwide, the construction industry seeks high-quality steel for building projects, bridges, and other structures. At the same time, the automotive industry requires lightweight, durable steel for vehicle manufacturing to improve fuel efficiency and safety standards.
This surge in steel demand leads to a corresponding increase in manganese consumption. As a result, recycling manganese from scrap steel becomes an appealing option for manufacturers. By recycling, companies can meet their manganese needs while reducing their reliance on primary manganese sources, which often involve environmentally harmful mining practices. Additionally, recycling manganese lowers energy consumption and greenhouse gas emissions associated with mining and processing new manganese ore.
As industries aim for sustainability and circular economy practices, the focus on manganese recycling is expected to grow, aligning with global trends toward resource conservation and environmental responsibility. Thus, the connection between steel demand and manganese recycling is crucial for promoting sustainable industrial practices.
Volatility in manganese prices affects the profitability and attractiveness of recycling operations.
Fluctuations in manganese prices have a significant impact on the profitability and appeal of recycling operations. When manganese prices vary widely, recyclers face uncertainty regarding the potential return on investment from processing scrap materials. During periods of high manganese prices, demand for recycled manganese may rise, as companies seek to take advantage of higher profit margins. Conversely, when prices decline, recyclers may find it less economically feasible to process manganese scrap, resulting in reduced profitability.
Moreover, price volatility can complicate long-term contracts and relationships between suppliers and recyclers, hindering financial planning and inventory management. Recyclers may also struggle to source adequate quantities of scrap when market conditions are unfavorable, as suppliers might choose to hold onto materials in hopes of better prices. Overall, stable manganese prices are crucial for creating a more predictable and attractive environment for recycling operations, encouraging investment in technology and infrastructure within the sector.
Key Pointers |
Values |
Report Focus |
Global |
Largest Region |
Asia Pacific |
Fastest Growing Region |
North America |
Base Year |
2023 |
CAGR % (2024-2030) |
6.3% |
Forecast Year |
2024-2030 |
Historical Year |
2015-2022 |
Market Size in 2023 |
USD 940 million |
Market Size in 2030 |
USD 2,174 million |
Countries Covered |
U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Turkey, Israel, China, Japan, India, South Korea, Australia, SEA, Brazil, Chile, Argentina, Saudi Arabia, UAE, Qatar, South Africa, Rest of World |
Key Driver & Challenges |
Increasing demand for sustainable materials, rising awareness of environmental impacts, and regulatory support for recycling. Fluctuating manganese prices, limited recycling technologies, and competition from virgin material production. |
Segments Covered |
By Source, By Recycling Process, By Application |
Segmental Analysis
Based on Source, Manganese Recycling market is segmented into Scrap Steel, Batteries , Ferroalloys, Others.
In the Global Manganese Recycling Market, the ferroalloys segment is the leading category due to several compelling factors. Primarily, ferroalloys, especially ferromanganese and silicomanganese, are essential for steel production, enhancing the metal's strength, toughness, and wear resistance. Approximately 90% of manganese is used in steelmaking, and the high demand for steel, a widely recycled material, drives the recycling of ferroalloys.
Furthermore, the recycling process for ferroalloys is both efficient and cost-effective, making it an attractive option for manufacturers. Since ferroalloys are already alloyed with other metals, reusing them from scrap steel and other sources maximizes resource efficiency. Although the use of manganese in batteries, particularly for electric vehicles, is rising, it still makes up a smaller volume compared to the ferroalloy sector.
The ongoing growth in global infrastructure and construction also plays a significant role in sustaining the demand for steel and, consequently, ferroalloys. As emerging economies continue to expand their infrastructure, the need for recycled ferroalloys becomes increasingly important. These combined factors reinforce the dominance of the ferroalloys segment in the manganese recycling market, highlighting its significance in both traditional and emerging applications.
Segments |
Values |
By Recycling Process |
|
By Application |
|
Regional Landscape
In the context of regional analysis, the Manganese Recycling market includes North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
The market size of the Asia Pacific was valued at USD 448.77 million in 2023 and is expected to reach USD 1,029 million by 2030, with a CAGR of 47.50% during the forecast period. The Asia-Pacific region leads the global manganese recycling market due to its extensive industrial base and high demand for manganese in steel production. Key players in this market include China, India, Japan, and South Korea, with China being the largest consumer of manganese. This demand is primarily driven by its massive steel industry, which accounts for approximately 90% of global manganese consumption.
The region's rapid urbanization, infrastructure development, and automotive production further increase the demand for steel, and consequently, manganese. Additionally, the Asia-Pacific region is placing greater emphasis on recycling initiatives, particularly as environmental regulations become more stringent. The growing electric vehicle (EV) market, especially in China and Japan, is also fueling demand for manganese in battery production, which in turn encourages recycling efforts to source secondary raw materials.
However, the region does face challenges, such as underdeveloped recycling infrastructure in some countries and a prevailing preference for cost-effective mining over recycling. Despite these obstacles, government policies promoting sustainability and advancements in recycling technologies are gradually improving manganese recycling rates. The dominance of the Asia-Pacific region in the manganese recycling market is expected to strengthen further, driven by ongoing industrial growth and a commitment to reducing environmental impacts through circular economy practices.
Competitive Landscape
Some of the major companies operating within the Manganese Recycling market are: Ferrous Processing and Trading (FPT), Sims Metal, Alter Trading Inc, Hanwa Co., Ltd., Schnitzer, Mervis Industries, Yano Metals Co. Ltd., David J. Joseph Co. (DJJ), SA Recycling and Others.
Table of Contents
- Global Manganese Recycling Market Introduction and Market Overview
- Objectives of the Study
- Global Manganese Recycling Market Scope and Market Estimation
- Global Manganese Recycling Overall Market Size (US$ Trillion), Market CAGR (%), Market forecast (2024 - 2034)
- Global Manganese Recycling Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
- Market Segmentation
- Source of Global Manganese Recycling Market
- Recycling Process of Global Manganese Recycling Market
- Recycling Process of Global Manganese Recycling Market
- Region of Global Manganese Recycling Market
- Executive Summary
- Demand Side Trends
- Key Market Trends
- Market Demand (US$ Trillion) Analysis 2019 – 2023 and Forecast, 2024 – 2034
- Demand and Opportunity Assessment
- Market Dynamics
- Drivers
- Limitations
- Opportunities
- Impact Analysis of Drivers and Restraints
- Cost Tear Down Analysis
- Key Developments
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- PEST Analysis
- Political Factors
- Economic Factors
- Social Factors
- Technological Factors
- Production Farm Size by Countries, 2019-2023, Units
- Production Farm Size by Companies & Locations, 2019-2023,
- Ferrous Processing and Trading (FPT)
- Sims Metal
- Alter Trading Inc
- Hanwa Co., Ltd.
- Schnitzer
- Mervis Industries
- Yano Metals Co. Ltd.
- David J. Joseph Co. (DJJ)
- SA Recycling
- Others
- Global Manganese Recycling Market Estimates & Historical Trend Analysis (2019 - 2023)
- Global Manganese Recycling Market Estimates & Forecast Trend Analysis, by Source
- Global Manganese Recycling Market Revenue (US$ Trillion) Estimates and Forecasts, Source, 2019 - 2034
- Scrap Steel
- Batteries
- Ferroalloys
- Others
- Global Manganese Recycling Market Revenue (US$ Trillion) Estimates and Forecasts, Source, 2019 - 2034
- Global Manganese Recycling Market Estimates & Forecast Trend Analysis, by Recycling Process
- Global Manganese Recycling Market Revenue (US$ Trillion) Estimates and Forecasts, Recycling Process, 2019 - 2034
- Hydrometallurgical Processes
- Pyrometallurgical Processes
- Electrochemical Recycling
- Others
- Global Manganese Recycling Market Revenue (US$ Trillion) Estimates and Forecasts, Recycling Process, 2019 - 2034
- Global Manganese Recycling Market Estimates & Forecast Trend Analysis, by Application
- Global Manganese Recycling Market Revenue (US$ Trillion) Estimates and Forecasts, Application, 2019 - 2034
- Steel Manufacturing
- Battery Production
- Chemical Industry
- Electronics and Electricals
- Others
- Global Manganese Recycling Market Revenue (US$ Trillion) Estimates and Forecasts, Application, 2019 - 2034
- Global Manganese Recycling Market Estimates & Forecast Trend Analysis, by Region
- Global Manganese Recycling Market Revenue (US$ Trillion) Estimates and Forecasts, by Region, 2019 - 2034
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Global Manganese Recycling Market Revenue (US$ Trillion) Estimates and Forecasts, by Region, 2019 - 2034
- North America Manganese Recycling Market: Estimates & Forecast Trend Analysis
- North America Manganese Recycling Market Assessments & Key Findings
- North America Manganese Recycling Market Introduction
- North America Manganese Recycling Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
- By Source
- By Recycling Process
- By Application
- By Country
- The U.S.
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in the U.S., 2019-2023
- Canada
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Canada, 2019-2023
- Mexico
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Mexico., 2019-2023
- The U.S.
- North America Manganese Recycling Market Assessments & Key Findings
- Western Europe Manganese Recycling Market: Estimates & Forecast Trend Analysis
- Western Europe Manganese Recycling Market Assessments & Key Findings
- Western Europe Manganese Recycling Market Introduction
- Western Europe Manganese Recycling Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
- By Source
- By Recycling Process
- By Application
- By Country
- Germany
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Germany, 2019-2023
- Italy
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Italy, 2019-2023
- U.K.
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in U.K, 2019-2023
- France
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in France, 2019-2023
- Spain
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Spain, 2019-2023
- Benelux
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Benelux, 2019-2023
- Nordics
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Nordics, 2019-2023
- Rest of W. Europe
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Rest of Western Europe, 2019-2023
- Germany
- Western Europe Manganese Recycling Market Assessments & Key Findings
- Eastern Europe Manganese Recycling Market: Estimates & Forecast Trend Analysis
- Eastern Europe Manganese Recycling Market Assessments & Key Findings
- Eastern Europe Manganese Recycling Market Introduction
- Eastern Europe Manganese Recycling Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
- By Source
- By Recycling Process
- By Application
- By Country
- Russia
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Russia, 2019-2023
- Hungary
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Hungary, 2019-2023
- Poland
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Poland, 2019-2023
- Balkan & Baltics
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Balkan and Baltics, 2019-2023
- Rest of E. Europe
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Eastern Europe, 2019-2023
- Russia
- Eastern Europe Manganese Recycling Market Assessments & Key Findings
- Asia Pacific Manganese Recycling Market: Estimates & Forecast Trend Analysis
- Asia Pacific Market Assessments & Key Findings
- Asia Pacific Manganese Recycling Market Introduction
- Asia Pacific Manganese Recycling Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
- By Source
- By Recycling Process
- By Application
- By Country
- China
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in China, 2019-2023
- Japan
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Japan, 2019-2023
- India
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in India, 2019-2023
- Australia & New Zealand
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Australia and New Zealand, 2019-2023
- South Korea
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in South Korea, 2019-2023
- ASEAN
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in ASEAN, 2019-2023
- Rest of Asia Pacific
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Rest of Asia Pacific 2019-2023
- China
- Asia Pacific Market Assessments & Key Findings
- Middle East & Africa Manganese Recycling Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Market Assessments & Key Findings
- Middle East & Africa Manganese Recycling Market Introduction
- Middle East & Africa Manganese Recycling Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
- By Source
- By Recycling Process
- By Application
- By Country
- UAE
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in UAE, 2019-2023
- Saudi Arabia
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Saudi Arabia, 2019-2023
- Turkey
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Turkey, 2019-2023
- South Africa
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in South Africa, 2019-2023
- Rest of MEA
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Rest of MEA, 2019-2023
- UAE
- Middle East & Africa Market Assessments & Key Findings
- Latin America Manganese Recycling Market: Estimates & Forecast Trend Analysis
- Latin America Market Assessments & Key Findings
- Latin America Manganese Recycling Market Introduction
- Latin America Manganese Recycling Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
- By Source
- By Recycling Process
- By Application
- By Country
- Brazil
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Brazil, 2019-2023
- Argentina
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Argentina, 2019-2023
- Colombia
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Colombia, 2019-2023
- Rest of LATAM
- By Source
- By Recycling Process
- By Application
- Top Companies Market Share in Rest of LATAM, 2019-2023
- Brazil
- Latin America Market Assessments & Key Findings
- Country Wise Manganese Recycling Market: Introduction
- Competition Landscape
- Global Manganese Recycling Market Product Mapping
- Global Manganese Recycling Market Concentration Analysis, by Leading Players / Innovators / Emerging Players / New Entrants
- Global Manganese Recycling Market Tier Structure Analysis
- Global Manganese Recycling Market Concentration & Company Market Shares (%) Analysis, 2023
- Company Profiles
- Ferrous Processing and Trading (FPT)
- Company Overview & Key Stats
- Revenue (USD Million), Sales (Units), and Gross Margin & Market Share, 2019-2023
- Product Portfolio & Pricing Analysis
- SWOT Analysis
- Business Strategy & Recent Developments
- Ferrous Processing and Trading (FPT)
* Similar details would be provided for all the players mentioned below
-
- Sims Metal
- Alter Trading Inc
- Hanwa Co., Ltd.
- Schnitzer
- Mervis Industries
- Yano Metals Co. Ltd.
- David J. Joseph Co. (DJJ)
- SA Recycling
- Others
- Research Methodology
- External Transportations / Databases
- Internal Proprietary Database
- Primary Research
- Secondary Research
- Assumptions
- Limitations
- Report FAQs
- Research Findings & Conclusion
No of Tables: 250
No of Figures: 200