Silico Manganese Market Report 2026

The silico manganese market size has grown strongly in recent years. It will grow from $33.11 billion in 2025 to $36.19 billion in 2026 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to growth of steel production industry, rising demand from automotive sector, increasing construction activities, expansion of stainless steel applications, rising industrial machinery production.

The silico manganese market size is expected to see strong growth in the next few years. It will grow to $50.83 billion in 2030 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to rising adoption of high-strength alloy steel in automotive and defense, increasing demand from infrastructure projects, growth of high-carbon steel applications, technological innovations in silico manganese refining, expansion of stainless steel and alloy steel manufacturing. Major trends in the forecast period include rising demand for high-strength alloy steel production, growth of automotive and construction steel applications, increasing adoption of medium and high carbon silico manganese, expansion of stainless steel manufacturing, technological advancements in alloying and refining processes.

Rising demand for steel products is expected to drive the growth of the silicomanganese market in the coming years. Steel products are materials produced from iron combined with alloying elements to achieve desired levels of strength, durability, and performance. Demand for steel products is increasing mainly due to expanding infrastructure development and manufacturing activities, which require substantial quantities of steel for construction, transportation, and industrial uses. Silicomanganese supports the growing demand for steel products by serving as a vital deoxidizing and alloying material in steel production, enhancing the strength, hardness, and wear resistance of finished steel. For example, in June 2025, according to the World Steel Association (worldsteel), a Belgium-based international steel organization, global crude steel production rose from 1.88 billion tonnes in 2022 to 1.9 billion tonnes in 2023, indicating continued growth in steel output. Therefore, the increasing demand for steel products is driving the growth of the silicomanganese market.

The expanding manufacturing sector is anticipated to drive the growth of the silico manganese market in the coming years. This sector encompasses all activities that transform raw materials into finished products, which are either sold to consumers or utilized by other industries in production processes. As global manufacturing, particularly in emerging economies, continues to grow, the demand for steel - a critical material in construction and industrial operations - is rising significantly. Silico manganese, a vital alloy in steel production, is expected to see increased demand as manufacturers prioritize materials that improve steel’s strength and durability. Additionally, in November 2023, the National Institute of Standards and Technology, a U.S. government agency, reported that the U.S. manufacturing industry contributed $2.3 trillion, representing 12% of the total U.S. GDP. This growth in manufacturing is therefore a key factor driving the expansion of the silico manganese equipment market.

Key players in the silico manganese market are concentrating on developing innovative solutions, such as low‑carbon manganese alloy products that minimize CO₂ emissions while maintaining alloy performance, to address the growing demand for sustainable steel production and meet strict decarbonization targets in automotive, infrastructure, and industrial sectors. Low‑carbon silico manganese refers to alloy variants manufactured with substantially reduced carbon footprints through the use of decarbonized energy and advanced production techniques, providing enhanced environmental performance compared with conventional high‑carbon ferroalloys without compromising metallurgical properties. For example, in February 2025, Eramet S.A., a France‑based manganese alloys producer, introduced its eraLow low‑CO₂ manganese alloy brand, offering products with a verified carbon intensity below 1.9 t CO₂ per tonne of alloy compared with the global industry average of 3.9 t CO₂ per tonne of alloy. This achievement is enabled by carbon‑free electricity in Norway and France and third‑party verification of emissions performance. Additionally, eraLow products feature the company’s eraTrace blockchain‑based traceability system, ensuring transparency throughout the value chain.

Major companies operating in the silico manganese market report are Anglo American plc, Assmang Proprietary Limited, Eramet Group SA, Gulf Ferro Alloys Company, Henan Xibao Metallurgy Materials Group Co. Ltd., OM Holdings Limited, Pertama Ferroalloys Sdn. Bhd., Steel Authority of India Limited, Sakura Ferroalloys Co. Ltd., Tata Steel Limited, Maithan Alloys Ltd., Nava Bharat Enterprises Ltd., Rohit Ferro Tech Limited, Sichuan Iron & Steel Group Co. Ltd., Hunan Valin Steel Group Co. Ltd., Xingtai Iron & Steel Group Co. Ltd., Ferroglobe PLC, Tewoo Group International Co. Ltd., PJSC Nikopol, Erdos Group, Sheng Yan Group, Ningxia Jiyuan Metallurgical Group.

Asia-Pacific was the largest region in the silico manganese market in 2025. The regions covered in the silico manganese market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the silico manganese market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The silico manganese market consists of sales of ultra-low carbon silico manganese, and ferro manganese. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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