Manganese Ore Market Outlook:
Manganese Ore Market size was over USD 11.46 billion in 2025 and is anticipated to cross USD 19.03 billion by 2035, growing at more than 5.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of manganese ore is assessed at USD 12 billion.
The growth of the market can be attributed to the rising demand for the production of automobiles. Manganese ore is often mixed with copper and aluminum alloys and then used in different products, such as car radiators, temperature control devices in the car, the outer body of the vehicle, and others. In the world, around 85 million motor vehicles were manufactured in 2022, which is about 6% higher than in 2021. Japan, Germany, and China were the largest manufacturers in 2022, especially for commercial vehicles and cars.
In addition to these, factors that are believed to fuel the growth of manganese ore market include the rising focus on sea-bed mining. The majority of deep-sea mining is expected to occur in international seas, or those that are beyond any nation's territorial borders, where international agreements which are currently lacking in deep-sea mining—are required for governance and regulation implementation. The International Seabed Authority (ISA) was established in response to the United Nations Convention on the Law of the Sea (UNCLOS), and it was given the authority to supervise related developments in international waters as well as to develop policies, guidelines, and procedures for seabed minerals. So far, the ISA has awarded about 30 contracts, allowing for the exploration of nearly 1.5 million km2 of seafloor for deep-sea mining.
