Irving, Texas (PRWEB) December 13, 2012
The global manganese mining industry experienced strong growth during the past five years and is expected to continue on a growth path to reach an estimated $ 14.3 billion in 2017 with a CAGR of 5.2% over the next five years (2012-2017). Growth in the construction, infrastructure, transportation, oil and gas refineries, and power plants sectors is expected to drive the demand for manganese over the forecast period.
Lucintel, a leading global management consulting and market research firm, has analyzed the manganese mining industry and presents its findings in Global Manganese Mining Industry 2012-2017: Trend, Profit, and Forecast Analysis.
The manganese mining segment is engaged in the mining of manganese ore. This segment consists of applications used for making steel and iron, glass and ceramics, alloys, and batteries, among other products. The global manganese mining industry is consolidated. Asia Pacific (APAC) dominates this industry and represents more than 50% of the industry. Some of the major players in this industry include BHP Billiton, Eramet SA, Anglo American Plc, MOIL Limited, and Vale S.A. A combination of factors such as growth in related complementary industries and governmental regulations, cyclical fluctuations in input prices, general economic conditions, and end-use markets influence industry dynamics significantly.
As the study indicates, technological advancement and new product development at competitive prices will be the key factors for future market growth. The use of automated remote technology in the manganese mining industry is the emerging trend that is anticipated to lead the industry toward additional growth. Major emerging markets of the industry include Japan, China, India, and Australia.
This study provides an overview of the global manganese mining industry, tracking market segments of the industry in four geographic regions. Thus, a total of four segments of the global manganese mining industry are tracked. The industry research report studies the players within the manganese mining industry, providing a five-year annual trend analysis that highlights market size, profit and cost structure for North America, Europe, APAC, and the Rest of the World. The report also provides a forecast, addressing market opportunities for each of these regions.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides market research reports, strategic growth consulting and due diligence services to clients around the world.