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Market Trends Report on Mn Tablet in the Year 2023

Business

2024-01-21 13:59:22

1. What is Mn Tablet

Mn tablet, also known as manganese tablet or manganese-containing tablet, is a compacted manganese-based additive typically used in the aluminum and steel industries to adjust the chemical composition of molten metal. Mn tablets come in various sizes and are convenient and effective means of introducing controlled amounts of manganese into the melt.

2. Characteristics of Mn Tablet

  • High purity manganese content

  • Customizable alloying content and tablet size options

  • Fast dissolution of manganese into the molten metal

  • Homogeneous and uniform distribution of manganese content

  • Consistent alloying quality with reduced waste

  • Ease of storage, handling, and transportation

3. Applications of Mn Tablet

Mn tablets are predominately used in the aluminum and steel industries for different applications, such as:

  • Aluminum industry: Adjusting manganese content to improve strength, hardness and corrosion resistance of aluminum alloys

  • Steel industry: Enhancing steel's strength, machinability, and wear resistance through controlled manganese additions

4. Market Demand for Mn Tablet

In 2023, the global market demand for Mn tablets is projected to reach 180,000 tons, witnessing a year-on-year growth rate of around 4.8%. This growth is mainly driven by the expanding aluminum and steel industries, which rely on manganese tablets for refining alloys that meet specific application requirements.

5. Market Share of Mn Tablet

Mn tablets are estimated to account for approximately 15% of the overall manganese market share in 2023. This highlights the importance of Mn tablets as a preferred alloying addition in specialized sectors of the aluminum and steel industries.

6. Price Trends of Mn Tablet

The price trends of Mn tablets are expected to remain relatively stable with slight fluctuations, primarily caused by changes in raw material costs, energy prices, and increasing production expenses. However, market competition and technological advancements in manufacturing techniques might help offset the price increase pressures.

7. Suppliers of Mn Tablet

Prominent global suppliers of Mn tablets include:

  • KBM Affilips (Netherlands)

  • AMG Superalloys (USA)

  • Belmont Metals (USA)

  • Milward Alloys (USA)

  • Reading Alloys (USA)

8. Conclusion

Mn tablets' growing market demand demonstrates their significant role in the aluminum and steel industries for refining alloys and meeting specific application needs. To maintain a competitive edge in this expanding market, suppliers and manufacturers must stay updated on market trends, technological innovations, and evolving customer requirements.