The market size of the global Electrolytic Manganese Dioxide (EMD) 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.
Electrolytic Manganese Dioxide Market: Drive factors
The Electrolytic Manganese Dioxide (EMD) market is driven by several factors, including:
- High Demand for Batteries: There is a significant demand for batteries, particularly lithium-ion, zinc-carbon, and alkaline batteries, from various end-use sectors such as electrical and automotive industries. These batteries are widely used in portable electronic devices, electric vehicles, and power backup systems, which fuels the growth of the EMD market.
- Advancements in Lithiated Manganese Dioxide (LMD) Battery: The development of LMD batteries, which incorporate manganese, lithium, and oxygen, has brought about significant advancements in the EMD market. LMD batteries offer advantages such as high-power output, thermal stability, and improved safety, making them highly sought after by electric vehicle manufacturers and contributing to market growth.
- Stringent Water Treatment Regulations: The implementation of stringent regulations regarding water treatment has led to an increased demand for water treatment systems. EMD is used in electrodes to separate waste from water in water treatment plants. As the demand for clean water continues to rise, the electrolytic manganese dioxide market is expected to grow.
- Growing Demand for Alkaline Batteries: Alkaline batteries have witnessed an upsurge in demand, particularly in developed economies, due to their long-lasting performance and widespread use in various electronic products such as clocks, radios, and remote controls. The benefits of alkaline batteries, including high capacity and good shelf life, contribute to their revenue growth and subsequently drive the EMD market.
- Rise in Demand for Portable Devices: The increasing demand for portable electronic devices, particularly in emerging economies like Vietnam, China, and India, positively influences the growth of the EMD market. Batteries, including those containing EMD, are crucial for providing constant power supply and meeting the power backup requirements of these devices.
- Adoption of Hybrid and Electric Vehicles: The growing acceptance of hybrid and electric vehicles, supported by government incentives and initiatives, plays a significant role in driving the EMD market. The demand for batteries, including lithium-ion batteries that utilize EMD, is expected to increase due to the expansion of the electric vehicle industry.
- Volatile Gasoline Prices: Fluctuating gasoline prices impact the demand for electric vehicles positively. As gasoline prices become more unpredictable, there is a greater incentive for consumers to switch to electric vehicles, leading to increased demand for batteries and the EMD market.
Overall, the high demand for batteries, advancements in battery technology, water treatment regulations, demand for alkaline batteries, portable devices, electric vehicles, and volatile gasoline prices are key factors driving the growth of the electrolytic manganese dioxide market.
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