Global Silico Manganese Market: Information by Product (High-Carbon Silico Manganese, Low-Carbon Silico Manganese and Medium-Carbon Silico Manganese), Application (Automobile Bodies, Road Rails, Dairy Equipment, Hand Railings, Cutlery and Others) and Region (North America, Europe, Asia-Pacific, Latin America  and the Middle East & Africa) - Forecast till 2027

Market Overview

Global Silico Manganese Market is Expected to Register a CAGR of 5% to Reach Around USD 23,500 Million By 2025.

Silico Manganese is an alloy of silicon, manganese, and iron. It is obtained through carbothermic reduction with slag from high carbon ferromanganese or manganese ore with coke and silica as a flux in submerged electric arc furnaces. It is produced in electric submerged arc furnaces and the process is energy intensive. It contains 65-70% manganese, 16-21% silicon, 1-2% carbon, and some amount of phosphorous and Sulphur. The key raw materials required for the manufacturing of Silico Manganese is smelting manganese ore, manganese slag, coke, and quartz flux. Silico Manganese is found in three variants that are high-carbon Silico Manganese, medium-carbon Silico Manganese, and low-carbon Silico Manganese. The difference between these three grades is the composition of manganese, silicon, and carbon content in Silico Manganese. Silico Manganese is an essential ingredient in the manufacturing of various grades of steel. Both silicon and manganese have an important effect on the properties of steel, depending upon the amount added and their combined effect with other alloys. Silicon and manganese have a strong affinity for oxygen and act as deoxidizers. Thus, it is widely used in the production of steel, especially in stainless steel and low carbon steel. Silico Manganese is added to a variety of steel grades to improve strength, hardness, and toughness.

Market Dynamics

Global Silico Manganese Market is projected to witness a healthy growth registering a CAGR of 13.5% during the forecast period, 2019–2025. The prominent factor driving the growth of the global market is the increasing demand for Silico Manganese in the production of steel. The increasing demand for steel in the end-use industries such as transportation and building & construction is one of the prominent factors driving the growth of the Silico Manganese market. The product finds applications in manufacturing different types of steel, such as alloy steel, stainless steel, and carbon steel. Moreover, the widespread usage of Silico Manganese in the building & construction industry is fueling the growth of the Silico Manganese market. During the production of steel using Silico Manganese alloy, a large amount of non-bio-degradable slag is produced, which can be used in the construction industry as aggregate in flexible and rigid pavements as well as ballasts for rail track construction. However, factors such as high production cost and fluctuations in raw material prices hamper the growth of the global Silico Manganese market. Nevertheless, the increasing demand for Silico Manganese in emerging economies of Asia-Pacific such as China, Indonesia, and India are expected to boost the global market in the forecast period. Owing to the healthy growth of the building & construction and automotive industries in the emerging countries, the demand for steel is expected to increase, resulting in an increased demand for Silico Manganese in the region.

Global Silico Manganese Market, by Product, 2018 (USD Million)

Sources: MRFR Analysis

Segmentation

The Global Silico Manganese Market has been Segmented by Product, Application, and Region.

Based on product, the global Silico Manganese market has been segmented into high-carbon Silico Manganese, medium-carbon Silico Manganese, and low-carbon Silico Manganese. The high-carbon Silico Manganese segment holds the largest market share of around 50% in the global market and is expected to register a CAGR of around 5% during the forecast period. The growth of this segment is attributed to the increased demand for steel in diverse end-use industries such as automotive, construction, and consumer appliances.

Based on application, the global market has segmented into road rails, automobile bodies, cutlery, dairy equipment, hand railings, and others. The automotive bodies segment accounted for the largest share of around 30% in 2018 due to the increasing demand for high strength products in the automotive industry and the increasing automotive production globally with over 100 million units manufactured in 2018. Furthermore, the automotive bodies segment is expected to be the fastest-growing segment amongst other applications with a CAGR of around 5.5% between 2019-2025. The segment is expected to reach a value of over 7,000 million by the end of 2025, owing to the growing end-use industries such as automotive and building & construction in emerging economies of Asia-Pacific, especially China and India.

Global Silico Manganese Market Share, by Region, 2018 (%)

Sources: MRFR Analysis

Regional Analysis

Based on region, the global Silico Manganese market has been divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The Asia-Pacific market accounted for the largest market share of around 80% in 2018 and is valued over USD 12,500 million in the global Silico Manganese market. Rapid industrialization, the growing construction sector and increasing steel production in China and India are expected to be the key driving factors for the market. According to the World Steel Association, in 2019 Asia produced 1,341.6 Mt of crude steel which was around 70% of the global steel production. The Asia-Pacific Silico Manganese market is expected to register the highest CAGR of over 5.5% throughout the forecast period.

Europe was the second-largest market with a share of around 10% in 2018 in the global Silico Manganese market owing to the growing construction activities in Eastern Europe due to the increasing number of single-family dwellings, growing formal lending to households, and low mortgage and interest rates. Furthermore, the growing automotive production and new car registration is likely to boost the growth of Silico Manganese market in the region over the forecast period. According to the German Association of the Automotive Industry (VDA), in 2017, the total number of cars registered in Western Europe was around 14.3 million units and 1.3 million units in Eastern Europe. The European market has registered a slow growth with a CAGR of around 3% between 2019 to 2025 and is expected to reach a value of around USD 2,000 million by the end of 2025.

North America accounts for around 5% of the global share and is expected to register a moderate CAGR of around 4%. The growth in the region is mainly attributed to the increase in residential construction and the increasing demand for steel from the automotive OEMs. The market in North America was valued at around USD 750 million in 2018 and is expected to reach around USD 1,000 million over the forecast period. The Silico Manganese market in Latin America and the Middle East & Africa is expected to witness significant growth over the forecast period.

Key Players

Tata Steel (India), Steel Authority of India Limited (SAIL) (India), Eramet Group (France), Brahm Group (India), Gulf Ferro Alloys Company (SABAYEK) (Saudi Arabia), Jindal Steel & Power Ltd. (India), OM Holdings Ltd. (Singapore), Vipra Ferro Alloys Pvt Ltd. (India), Sakura Ferroalloys (Malaysia), Pertama Ferroalloys Sdn. Bhd. (Malaysia) are some of the key players in the market.

The Global Silico Manganese Market is characterized by the presence of many global, regional, and local providers. The market is highly consolidated with all the players competing to gain maximum market share. Global steel production, fluctuating raw material prices, and growing end-use industries such as construction and automotive are the key factors that are expected to influence the global market growth. The vendors compete based on cost, product quality, availability, and reliability of the products. Vendors must provide cost-effective and high-quality products to compete in the market.

The high competition has encouraged the players to expand their production capacity and regional footprint. Moreover, manufacturers are also focusing on investing heavily in research and development activities to develop innovative products for diverse end-use applications. The players operating in the global Silico Manganese market are adopting various strategies such as mergers & acquisitions, alliances, joint ventures, and expansion to maintain their positions and increase geographic presence. Expansion of production capacity was the most widely employed growth strategy amongst many market players to capture maximum market share.

• In April 2019, OM Holdings Ltd., through its subsidiary, OM Materials (Sarawak) Sdn Bhd (OM Sarawak), invested around USD 5.4 million in a sinter plant project. This project is expected to increase its production capacity of manganese alloys by 250-kilo tons per annum.

• In November 2018, Sakura ferroalloy commissioned an 81 MVA furnace at its manganese alloys smelting facility in Sarawak. It also commissioned the 2nd furnace in July of the same year.

Market Segmentation

Global Silico Manganese Market, by Product

• High-Carbon Silico Manganese 


• Low-Carbon Silico Manganese 


• Medium-Carbon Silico Manganese

Global Silico Manganese Market, by Application

• Automobile Bodies 


• Road Rails 


• Dairy Equipment 


• Hand Railings 


• Cutlery 


• Others

Global Silico Manganese Market, by Region

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  

• Europe
  
  
  
  • Germany
  
  
  • Russia
  
  
  • Italy
  
  
  • France
  
  
  • Spain
  
  
  • UK
  
  
  • BENELUX
  
  
  • Poland
  
  
  • Rest of Europe
  
  
  
  

• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Indonesia
  
  
  • Rest of Asia-Pacific
  
  
  
  

• Latin America
  
  
  
  • Mexico
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Rest of Latin America
  
  
  
  

• Middle East & Africa
  
  
  
  • GCC Countries
  
  
  • South Africa
  
  
  • Rest of Middle East & Africa
  
  
  
  

Available Additional Customizations

• Company Profiles of Other Key Players


• Regulatory Framework of General Chemicals


• Raw Material Pricing Analysis


• Pricing Analysis

Intended Audience

• Silico Manganese Manufacturers


• Suppliers and Traders


• Government, Associations, and Industrial Bodies


• Investors and Trade Experts


• Consulting in Silico Manganese Experts

Frequently Asked Questions (FAQ) :

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