The electrolytic manganese dioxide (EMD) market had volumes around 202 kilo tons in 2014. It is anticipated to grow at a CAGR of 4.8% from 2015 to 2022. By 2022, the market would be worth about USD 635 million. This could be attributed to demand for batteries in emerging economies. Technological improvements in solar and wind grid storage batteries will create future prospects for market players. Burgeoning demand for electric vehicles would also prove beneficial for the market.
The electrolytic manganese dioxide (EMD) market may get adversely affected by environmental regulations concerning emission of greenhouse and effluent gases. Additionally, excessive supplies, mainly from Asian countries, are initiating the closure of some manganese mines. These factors are predicted to restrict market flow in the forthcoming years.
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The electrolytic manganese dioxide (EMD) market is classified on the basis of applications and geographies. Key applications include batteries, water treatment, and others. Batteries were the largest consumer and accounted for more than 89% of the total volumes in 2014. They will grow at a CAGR of around 5% from 2015 to 2022. Batteries are split further into alkaline, zinc-carbon, and li-ion (lithium ion).
Alkaline batteries demanded over 138 kilo tons of EMD in 2014. They are environmentally safe, cost effective, and don’t leak when discharged. Their main applications comprise clocks, digital cameras, remote controls, etc. Li-ion batteries are ideal for high-energy density applications like cellular phones and notebook computers. They would be the fastest growing sub-segment in the years ahead.
Water treatment contributed more than 5.9% of the total revenues in 2014. It will grow at a CAGR of 5% in the next seven years. Accelerated growth in the Asian Pacific water treatment sector is estimated to favorable for the electrolytic manganese dioxide (EMD) market. With regard to regions, North America was the leader in 2014.
Its future growth will be driven by demand for batteries in electric vehicles. Asia Pacific held about 31% share in 2014. It would grow at the highest rate from 2015 to 2022 due to expanding electronics sector in China, South Korea, and Taiwan. China was the largest producer and exporter of EMD in 2014. India will remain the fastest growing nation in Asia Pacific.
In 2014, the worldwide electrolytic manganese dioxide (EMD) market was characterized by high fragmentation, flat volumes, and price cuts. Leading players include Tosoh Corporation, Tronox Ltd., Delta EMD Ltd., Cegasa, and ERACHEM Comilog.
Information Source: Radiants Insights