Dublin, Feb. 07, 2024 (GLOBE NEWSWIRE) — The “Silico Manganese Global Market Report 2024” report has been added to ResearchAndMarkets.com’s offering.
The report offers in-depth insights into key factors driving the market expansion, including the rising demand within key sectors such as the steel industry and the increasing significance of construction and infrastructure projects.
The report presents a thorough examination of the Silico Manganese market size, which is anticipated to burgeon from $28.58 billion in 2023 to $31.24 billion in 2024, at an impressive compound annual growth rate (CAGR) of 9.3%. The document covers a variety of aspects including forecasted market growth, analysis of historical trends, and a comprehensive breakdown of market segments and their associated impacts. It also explores the driving forces of the market, such as technological innovations and strategic expansion by industry players.
A prominent highlight in the report is the stark influence of the Steel industry on the vitality of the Silico Manganese market, crucial for producing diverse types of steel which are integral to numerous industries including automotive, construction, and defense. The robustness of the steel industry, clearly observable through the World Steel Association’s increased steel consumption forecast, directly correlates to heightened Silico Manganese demand.
Key Market Trends and Drivers
- The relentless growth of the global construction sector, leading to escalated use of steel.
- Rising initiatives in the manufacturing sector focused on expanding capacity.
- Investments by industry leaders to bolster production and extend their market reach.
- The strategic focus on manganese ore mining amongst top industry players.
This report encompasses market dynamics across diverse geographies, providing a close look at regions such as the Asia-Pacific, which led the market in 2023, and others including North America and Europe. It delves into the critical categorization of Silico Manganese types—low carbon, medium carbon, and high carbon—outlining their specific applications and market preferences.
Key findings included in this report are instrumental for industry stakeholders, investors, and analysts, delivering a granular understanding of market challenges, opportunities, and the competitive landscape. It elaborates on the burgeoning demand across industries and elucidates on how trends like the acceleration of green initiatives and increasing environmental awareness among manufacturing processes are shaping market directions.
A selection of companies mentioned in this report includes
- Anglo American plc
- Assmang Proprietary Limited
- Brahm Group GmbH
- Eramet Group SA
- Gulf Ferro Alloys Company
- Henan Xibao Metallurgy Materials Group Co. Ltd.
- Jindal Steel & Power Limited
- Mesa Minerals Limited
- Nippon Denko Co. Ltd.
- OM Holdings Limited
- Pertama Ferroalloys Sdn. Bhd.
- Steel Authority of India Limited
- Sakura Ferroalloys Co. Ltd.
- Tata Steel Limited
- Maithan Alloys Ltd.
- Nava Bharat Enterprises Ltd.
- Rohit Ferro Tech Limited
- Sichuan Iron & Steel Group Co. Ltd.
- Hunan Valin Steel Group Co. Ltd.
- Xingtai Iron & Steel Group Co. Ltd.
- Aceromax S.A. de C.V.
- Atlantic Nickel Mining Corp.
- China Nonferrous Metal Mining Group Co. Ltd.
- CPO Global Pte Ltd.
- Euro Manganese Inc.
- Ferroglobe PLC
- Glencore plc
- Huadong Magnesium Co. Ltd.
- Mangalore Chemicals & Fertilizers Ltd.
- Tewoo Group International Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/yxu5bw
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