Market Demand For Manganese Carbonate Industry Expands

As a key inorganic compound, the market demand for manganese carbonate (MnCO3) is expanding with the rapid development of multiple industries. In 2023, the market size of China's manganese carbonate industry reached 6.623 billion yuan, while the market size in the first half of 2024 was 3.382 billion yuan. It is expected that by the end of 2024, the market size will grow to 7.453 billion yuan, a year-on-year increase of 13%. This growth trend reflects the growing application demand of manganese carbonate in multiple fields.

Manganese carbonate has a wide range of applications, including chemical raw materials, battery materials, ceramic pigments, catalysts, and fertilizers. In chemical production, manganese carbonate is a raw material for the preparation of other manganese compounds, such as potassium permanganate, manganese sulfate, and manganese chloride. In the field of batteries, manganese carbonate is used to produce positive electrode materials in zinc-manganese dry batteries to improve battery performance and life. In addition, manganese carbonate is also used as a colorant in ceramic products to give the product a specific color and luster. As a catalyst or catalyst carrier, manganese carbonate increases the reaction rate and selectivity in organic reactions. In the agricultural field, manganese carbonate is used as a trace element fertilizer to supplement manganese in the soil and promote plant growth.

With the rapid development of strategic emerging industries such as new energy and new materials, the demand for high-quality and high-performance manganese carbonate is growing. Especially in the battery manufacturing industry, manganese carbonate is an important component of battery positive electrode materials, and its demand is particularly urgent. The global supply of manganese carbonate is mainly concentrated in countries such as China, South Africa, Australia and Brazil, which have rich manganese ore resources.
 
Policy support is also one of the important factors that promote the manganese carbonate industry to enter a period of rapid growth. With the improvement of environmental awareness and the shortage of resources, the production process and technology of manganese carbonate are also constantly improving and optimizing, improving resource utilization and reducing production costs. China's manganese carbonate industry has shown strong growth momentum and is expected to continue to maintain steady growth in the next few years, providing investors with good investment opportunities.