Increasing Demand for Higher Crop Yields Enables Exponential Growth of Manganese Carbonate Market.

Manganese carbonate, a pink colored chemical compound, occurs naturally as a mineral rhodochrosite. This chemical compound is also found in the form of yellow, red, grey, and brown crystals and isn’t soluble in water. When treated with acids, it hydrolyzes to form water-soluble salts. It can also be utilized as a chemical intermediate for the synthesis of many other chemical compounds. By the process of calcination, global manganese carbonate market is easily converted to other manganese compounds including manganese oxide.  

Increasing Demand for Porcelain and Ceramic Products to Boost Manganese Carbonate Market 

The use of manganese carbonate in concrete staining applications within the decorative concrete industry in the coming future is a key opportunity that may have a positive effect on the growth of the market. The developing industry of agricultural micronutrients and the increasing demand for porcelain and ceramic products is predicted to fuel the market for manganese carbonate in the coming years. In addition, increasing demand for higher-yielding crops due to the rising population and shrinkage of arable land will also stimulate the manganese carbonate market. On the other hand, the inconsistent supply scenario owing to reserves being region-specific may restrain the growth of the market in the forthcoming future. 

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Agrochemicals Application Segment Held Over 65% of Manganese Carbonate Market in 2014

Manganese carbonate has a wide range of applications and, therefore, its global demand is increasing. Manganese carbonate is used in glaze colorants, chemical intermediates, agrochemicals, as a hematinic within the medical industry, and as a food supplement by the food industry. In 2014, the segment of agrochemicals held a share of more than 65% in the market for manganese carbonate. This is due to the fact that manganese carbonate is utilized as an additive within fertilizers for the treatment of crops that are manganese-deficient. In addition, it is also a very crucial ingredient within the assimilation processes of carbon dioxide and nitrogen and these process are very vital for improving the overall crop yield. Thus, manganese carbonate is an essential nutrient for plant growth. The glaze colorant segment stood as the second-largest segment in the market in the same year and is expected to grow at a moderate rate in the coming years.

Asia Pacific Manganese Carbonate Market Emerged as Biggest Regional Market in 2014

By region, the manganese carbonate market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. Amongst these, in 2014, on the basis of volume, Asia Pacific represented 75% of the market and was trailed by North America and Europe. Asia Pacific is the most swiftly developing market and is expected to grow at a rapid rate owing to increasing demand from the animal feed and fertilizer applications. On the other hand, the market for manganese carbonate in Europe and North America is anticipated to experience average growth in the forthcoming years.

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The prime players operating in the market for manganese carbonate include Airedale Chemical Company Limited, All-Chemie, Ltd., American Elements, Akshar Chemicals, Alfa Aesar, Sunrise Enterprise, Mil-Spec Industries Corporation, Zncus Chemical Co., Ltd, Chemalloy, and GFS Chemicals, Inc., among others.

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