Manganese Ore Market Regional Analysis:
APAC Market Insights
The manganese ore market in Asia Pacific is projected to garner revenue share of 87% by 2035. The growth of the market can be attributed majorly to the rising demand and production of crude steel. China, India, Japan, and South Korea collectively produce over 70% of the world's crude steel capacity. This demonstrates the solid industry structure in the Asia Pacific area as a whole. The region's burgeoning construction and automotive sectors will also increase demand for iron and steel, influencing demand for manganese ore.
MEA Market Insights
The Middle East & Africa manganese ore market is expected to grow substantially over the projected time frame. The electric car market in South Africa is one of the most advanced in the region. While the EV sector in South Africa is still in its nascent stages, it is likely to grow in the next years. Significant investment has been made in the automobile sector to enable it to shift to EV production. Furthermore, EV production in the UAE is likely to increase. This would result in a huge increase in the demand for battery-grade manganese materials.
