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.
Research Coverage
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 electrolytic manganese dioxide (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.
The report is designed to be a comprehensive business tool to provide an in-depth look at the market for EMD. The geographic scope of the report is global. The report reviews each type of EMD and reviews technologies associated with EMD. The report also explores market size, identifies market participants in the EMD market.
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 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)
Asia-Pacific was the largest EMD market, accounting for 62.7% of global volume in 2022. The market in the region is anticipated to gain share by 6.5% on account of growing EMD demand in emerging countries such as China, India and ASEAN members. EMD is majorly employed in cathodes of batteries. Growing primary and secondary battery demand particularly for electric vehicles in the region is anticipated to drive EMD market over the forecast period.
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.
Table of Contents
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
Companies Mentioned
Borman Specialty Materials LLC
CITIC Dameng Mining Industries Ltd.
Compañía Minera Autlán, S.A.B. de C.V.
Eveready Battery Company, Inc. (Energizer)
GUANGXI Fusiyin Smelting Company
Guangxi Guiliu Chemical Co., Ltd.
Guangxi Jingxi County Yizhou Manganese Industry Co., Ltd.
Guizhou Manganese Mineral Group Co., Ltd.
Guizhou Red Star Developing Co., Ltd.
Hunan Shunlong Energy Co., Ltd.
MOIL Ltd.
Prince International Corporation
Prince Minerals China Ltd.
Quintal S.A.
Tosoh Hellas A.I.C.
Tosoh Hyuga Corp
Xiangtan Electrochemical Technology Co., Ltd.
Xiangxi HRT Chemical Co. Ltd.