The market size of the global Electrolytic Manganese Dioxide Market was valued at USD 1.34 billion in 2019 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period, reaching a valuation of USD 2.33 billion by 2027. The increasing demand for batteries, including lithium-ion, zinc-carbon, and alkaline batteries, from various sectors such as electrical and automotive, is expected to drive market growth.
The development of Lithiated Manganese Dioxide (LMD) battery is a significant advancement in the EMD market. LMD batteries, which contain a mixture of manganese, lithium, and oxygen, offer advantages such as high power output, thermal stability, and improved safety. This has led to increased demand among electric vehicle manufacturers.
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The United States accounts for a significant share of electric vehicles globally, utilizing EMD in the batteries of electric cathodes. Furthermore, the growing regulations regarding water treatment are expected to drive the demand for water treatment systems, consequently fueling the growth of the electrolytic manganese dioxide market.
The demand for alkaline batteries is anticipated to increase, particularly in developed economies, due to their benefits such as high capacity, wide current drain range, and extended shelf life. The United States currently leads the water treatment systems market and is expected to experience significant growth in the coming years.
The rising demand for portable devices is expected to have a positive impact on the EMD market. Batteries provide a stable power supply to electric and electronic devices, making them essential for meeting the demand for power backup, especially in emerging economies like Vietnam, China, and India.
The increasing adoption of hybrid and electric vehicles, supported by government incentives, is expected to drive growth in the battery and electric car industries. Additionally, volatile gasoline prices are projected to further boost the demand for electric vehicles and drive the expansion of battery service networks.
In terms of application, the EMD market is categorized into batteries and water treatment. The battery segment, which includes lithium-ion batteries, alkaline batteries, and zinc-carbon batteries, dominates the market, accounting for over 90% of the total share in 2019. Alkaline batteries are extensively used in developed economies for various electronic products, while lithium-ion batteries are expected to witness the highest growth due to their use in electric vehicles.
The water treatment segment is projected to exhibit a CAGR of 2.5% in terms of volume during the forecast period. Electrolytic manganese dioxide is used in electrodes to separate waste from water in water treatment plants. The APAC region, especially the water purifier industry, is expected to drive the demand for EMD in water treatment applications.
North America held the largest market share in 2019, with a value of approximately USD 565 million. The region is expected to dominate the market throughout the forecast period, primarily driven by the use of EMD in cathodes of batteries for power production, particularly in electric vehicles.
Europe is projected to reach nearly USD 346 million by 2025, driven by the increasing demand for electric vehicles and battery-operated electronic devices. European governments are investing in lithium-ion battery charging stations to promote vehicle sustainability, contributing to the demand for battery-operated vehicles.
Asia Pacific accounted for 34% of the EMD market share in 2019 and is expected to gain traction during the forecast period, driven by the growing battery application demand and increasing demand for electronic products. As the largest EMD producer globally, Asia Pacific benefits from the rising power storage systems and automotive electronics industry, which drives the demand for EMD.
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