In 2023, India's ferromanganese production stood at 892.37 Thousand Metric Tons. From 2024 onwards, the production is forecasted to grow steadily, reaching 1026.8 Thousand Metric Tons by 2028. The year-on-year growth from 2024 to 2025 is approximately 3%, from 2025 to 2026 is 2.9%, from 2026 to 2027 is 2.8%, and from 2027 to 2028 about 2.6%. Over the five forecasted years, the compound annual growth rate (CAGR) is projected to be around 2.9%.
Future trends to watch for include:
- Technological advancements in manganese extraction, which could drive efficiencies and further increase production capacity.
- Fluctuations in global demand for alloy steels, impacting production levels.
- Environmental regulations that may influence production processes and costs.
