The global electrolytic manganese dioxide
market is expected to reach USD 635.7 million by 2022, according to a
new report by Grand View Research, Inc. Growing application scope particularly
in battery industry is expected to drive industry growth over the forecast
period. Technological advancements in development of wind and solar farms grid
electrical storage batteries are anticipated to create new avenues for market
participants. Stringent environment regulations regarding effluent and green
house gases emission is expected to pose challenge for industry
profitability.
Batteries
were the leading application segment with demand share estimated exceeding 90%
in 2014. Growth of global EV industry is anticipated to have a positive impact
on battery demand. This in turn is expected to fuel market growth. EMD is used
in cathodes of zinc-carbon, alkaline and Li-ion grade batteries. Batteries are
also expected to witness the highest growth of 7.1% in terms of value over the
forecast period. Increasing energy storage devices in India, China, Indonesia
and Japan is expected to drive this segment.
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Further key findings from the study suggest:
- Global EMD market demand was 202.7 kilo tons in 2014 and is expected to grow at a CAGR of 4.9% from 2015 to 2022
- Global EMD consumption in alkaline batteries exceeded 140 kilo tons in 2014 and is expected to witness significant growth over the forecast period. Alkaline batteries are cost effective, environment friendly and leak-proof even when fully discharged. These batteries are limited to use for light loads such as remote controls, flashlights and portable entertainment devices.
- North America was the leading regional market and accounted for over 40% of global consumption in 2014. Growing primary batteries demand for general purpose use such as computers, security systems and electronics particularly in the U.S. and Mexico is expected to drive the regional market.
- Asia Pacific is expected to witness the highest growth of 5.3% from 2015 to 2022. Growing electronics industry in China, Taiwan and South Korea is expected to drive the regional growth. Positive outlook for automotive electronics industry coupled with rising power storage systems demand has also contributed towards development of regional market.
- Key players operating in global industry include ERACHEM Comilog, Xiangtan Electrochemical Scientific Ltd., Tosoh Corporation, Cegasa, Delta EMD Ltd., and Tronox Ltd.
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About
Grand View Research:
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email:
sales@grandviewresearch.com
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