Market overview
The global manganese market is worth USD 23.2 bn in 2026 and is forecast to reach USD 41.6 bn by 2036, growing at a 6.0% CAGR. China is the largest country market and Silicomanganese is the largest by product segment.
| Scope | Manganese ferroalloys (silicomanganese and ferromanganese), electrolytic manganese metal and battery-grade manganese sulphate sold to steelmakers, battery makers and chemical users. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 22.0 bn |
| Value 2026 | USD 23.2 bn |
| Value 2036 | USD 41.6 bn |
| CAGR 2026-2036 | 6.0% |
| Volume 2026 | 23,085 thousand tonnes |
| Volume 2036 | 37,426 thousand tonnes |
| Average price 2026 | USD 1,005 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Manganese market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 23.2 bn |
| 2027 | USD 24.6 bn |
| 2028 | USD 26.1 bn |
| 2029 | USD 27.6 bn |
| 2030 | USD 29.3 bn |
| 2031 | USD 31.1 bn |
| 2032 | USD 32.9 bn |
| 2033 | USD 34.9 bn |
| 2034 | USD 37.0 bn |
| 2035 | USD 39.2 bn |
| 2036 | USD 41.6 bn |
Manganese market segmentation
By product
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Silicomanganese | 50.0% | 39.5% | USD 11.6 bn | 3.5% |
| High, medium and low-carbon ferromanganese | 30.0% | 23.3% | USD 7.0 bn | 3.3% |
| Electrolytic manganese metal | 15.0% | 14.7% | USD 3.5 bn | 5.8% |
| Battery-grade manganese sulphate | 5.0% | 22.5% | USD 1.2 bn | 23.2% |
By end use
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Carbon and alloy steel | 84.0% | 67.4% | USD 19.5 bn | 3.7% |
| Batteries | 5.0% | 23.3% | USD 1.2 bn | 23.6% |
| Aluminium alloys and non-ferrous | 5.0% | 4.2% | USD 1.2 bn | 4.2% |
| Chemicals and agriculture | 6.0% | 5.1% | USD 1.4 bn | 4.2% |
By production route
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Submerged-arc furnace smelting | 68.0% | 63.0% | USD 15.8 bn | 5.2% |
| Electrolytic | 14.0% | 13.0% | USD 3.2 bn | 5.2% |
| Hydrometallurgical and chemical | 18.0% | 24.0% | USD 4.2 bn | 9.1% |
By steel product
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Long products | 38.0% | 34.0% | USD 8.8 bn | 4.8% |
| Flat products | 36.0% | 34.0% | USD 8.4 bn | 5.4% |
| Stainless and special steel | 26.0% | 32.0% | USD 6.0 bn | 8.2% |
By supply channel
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Long-term mill contracts | 52.0% | 50.0% | USD 12.1 bn | 5.6% |
| Spot and traders | 34.0% | 34.0% | USD 7.9 bn | 6.0% |
| Captive | 14.0% | 16.0% | USD 3.2 bn | 7.4% |
Top 25 countries for manganese by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 86.5% of 2026 revenue and the 25 countries below together hold 96.8%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 12.8 bn | 55.0% | USD 23.2 bn | 6.2% |
| 2 | India | USD 1.9 bn | 8.0% | USD 3.7 bn | 7.1% |
| 3 | Japan | USD 928 mn | 4.0% | USD 1.3 bn | 3.7% |
| 4 | South Korea | USD 928 mn | 4.0% | USD 1.5 bn | 4.6% |
| 5 | Turkey | USD 696 mn | 3.0% | USD 1.2 bn | 5.6% |
| 6 | United States | USD 696 mn | 3.0% | USD 1.0 bn | 4.1% |
| 7 | Russia | USD 696 mn | 3.0% | USD 1.0 bn | 4.1% |
| 8 | Germany | USD 580 mn | 2.5% | USD 831 mn | 3.7% |
| 9 | Vietnam | USD 464 mn | 2.0% | USD 956 mn | 7.5% |
| 10 | Brazil | USD 464 mn | 2.0% | USD 748 mn | 4.9% |
| 11 | Italy | USD 258 mn | 1.1% | USD 490 mn | 6.7% |
| 12 | Ukraine | USD 232 mn | 1.0% | USD 387 mn | 5.2% |
| 13 | Indonesia | USD 218 mn | 0.9% | USD 478 mn | 8.2% |
| 14 | Taiwan | USD 204 mn | 0.9% | USD 387 mn | 6.6% |
| 15 | Mexico | USD 190 mn | 0.8% | USD 362 mn | 6.6% |
| 16 | Canada | USD 176 mn | 0.8% | USD 337 mn | 6.7% |
| 17 | South Africa | USD 162 mn | 0.7% | USD 312 mn | 6.7% |
| 18 | Kazakhstan | USD 149 mn | 0.6% | USD 287 mn | 6.8% |
| 19 | Egypt | USD 137 mn | 0.6% | USD 258 mn | 6.5% |
| 20 | Iran | USD 137 mn | 0.6% | USD 258 mn | 6.5% |
| 21 | Saudi Arabia | USD 123 mn | 0.5% | USD 270 mn | 8.2% |
| 22 | Thailand | USD 109 mn | 0.5% | USD 237 mn | 8.1% |
| 23 | France | USD 109 mn | 0.5% | USD 208 mn | 6.7% |
| 24 | Poland | USD 95 mn | 0.4% | USD 183 mn | 6.8% |
| 25 | Malaysia | USD 81 mn | 0.3% | USD 154 mn | 6.6% |
| Rest of world | USD 752 mn | 3.2% | USD 1.4 bn | 6.6% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Eramet
- South32
- Glencore
- Ferroglobe
- Assore
- Vale
- Samancor Manganese
Group 2: Regional and specialist players
- OM Holdings
- Nippon Denko
- CITIC Dameng Mining Industries
- Ningxia Tianyuan Manganese
- Tshipi e Ntle Manganese Mining
- MOIL
- Consolidated Minerals
- Zestafoni Ferroalloy Plant
Group 3: Emerging and niche players
- Element 25
- Euro Manganese
- Jupiter Mines
- Delta EMD
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the manganese market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 6.0% is calculated from the resulting values.
The market is divided by product, by end use, by production route, by steel product, by supply channel. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the manganese market?
The global manganese market is estimated at USD 22.0 bn in 2025 and USD 23.2 bn in 2026.
How fast will the manganese market grow?
It is forecast to reach USD 41.6 bn by 2036, a compound annual growth rate of 6.0% from 2026, an increase of USD 18.4 bn.
Which country is the largest market for manganese?
China is the largest market by revenue at USD 12.8 bn in 2026, 55.0% of the global total. The three largest countries together hold 67.0%.
Which country is growing fastest?
Among the ten largest markets, Vietnam is growing fastest at 7.5% a year from 2026 to 2036.
Which manganese segment is largest?
In the by product split, Silicomanganese is the largest segment with 50.0% of 2026 revenue.
Who are the leading manganese companies?
Global leaders include Eramet, South32, Glencore, Ferroglobe.
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