Global Manganese Sulfate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Manganese Sulfate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Manganese sulfate, the chemical formula is MnSO4. Its monohydrate is a reddish orthorhombic crystal with a relative density of 3.50 and a melting point of 700°C. It is easily soluble in water but insoluble in ethanol. It exists in the form of various hydrates. Manganese sulfate is a trace element required by crops that synthesize fatty acids, so manganese sulfate can be applied to the soil as a fertilizer to increase yield. Manganese sulfate added to animal feed has the effect of promoting fattening. Manganese sulfate is also a raw material and analytical reagent for the preparation of other manganese salts. Manganese sulfate is also used in industrial production such as electrolytic manganese, dyes, papermaking and ceramics. Common manganese sulfate is divided into Industrial Grade Manganese Sulfate, Feed Grade Manganese Sulfate, and Fertilizer Grade Manganese Sulfate. According to the different scopes of product application, it is divided into Fertilizer, Animal Feed, Chemical Materials, and Battery Materials.

Market Overview:

The latest research study on the global Manganese Sulfate market finds that the global Manganese Sulfate market reached a value of USD 588.49 million in 2022. It’s expected that the market will achieve USD 777.45 million by 2028, exhibiting a CAGR of 4.75% during the forecast period.

Affect the normal operation of the industry

The COVID-19 pandemic started in Wuhan, China in December 2019. As of March 2022, the US, India, Brazil, France, UK and Russia are among the worst affected countries in terms of confirmed cases and deaths. In the short term, the COVID-19 outbreak has affected the economies and industries of various countries due to the imposition of lockdowns and traffic bans and business closures. In the short term, the outbreak of COVID-19 has led to a decline in the management efficiency of manganese sulfate enterprises, commuting, production planning, network expansion delays, marketing delays, forced brand adjustments, and reduced physical offline sales. The government has also put forward higher requirements for the production and operation of enterprises. In the long run, as the epidemic gradually improves or ends, the impact on the manganese sulfate industry will gradually weaken. Production and sales will return to the original level and gradually increase.

Logistics

Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays. At present, the logistics industry in various countries is gradually recovering operations according to different national policies. It is expected that after the epidemic is further controlled, it will basically return to normal.

The demand for new energy vehicles continues to expand

Manganese Sulfate has a place in the battery industry in addition to fertilizer, feed and other applications. At present, high-purity manganese sulfate is mainly used as a ternary cathode (precursor) material for lithium-ion batteries. Compared with batteries of other materials, ternary materials have higher energy density and longer cruising range. Driven by end consumers' demand for increased cruising range, ternary material power batteries have gradually become the mainstream technology route in the field of passenger vehicles, and their proportion has gradually increased.

Safety and Environmental Risks

Manganese Sulfate belongs to the chemical industry. Safety and environmental accidents due to improper management and control of the production and operation process or force majeure and other factors will have an adverse impact on the company's property, personal safety of employees, the surrounding environment and the company's development. Therefore, enterprises should continuously strengthen the management, supervision and inspection of safety production, increase safety publicity and education, targeted training, increase the investigation and rectification of accident hazards, strengthen the identification and control of hazard sources, comprehensively strengthen on-site management, and improve production. The level of the intrinsic safety of the operating device.

Region Overview:

Asia Pacific is projected to account for a considerable share of the Manganese Sulfate market and is expected to become the largest region by 2027.

Company Overview:

Dalong Huicheng is one of the major players operating in the Manganese Sulfate market, holding a share of 16.32% in 2022.

Dalong Huicheng

Guizhou Dalong Huicheng New Materials Co., Ltd. (referred to as Huicheng New Materials) was established in 2012. The company is an innovative high-tech enterprise integrating R&D, Sales and sales of new power battery materials, focusing on the field of high-purity and ultra-fine inorganic functional materials. The company's main products are manganese sulfate for batteries, manganese tetroxide for lithium batteries, mercury-replacement corrosion inhibitors for batteries, etc.

Redstar Developing Co.,Ltd.

Guizhou Red Star Development Co., Ltd. was restructured and established in 1999. Mainly engaged in the Sales and sales of inorganic chemical products, fine chemical products, and new environmentally friendly building wall materials (chemical dangerous goods are limited to barium nitrate, barium chloride, sulfur, thiourea, and sodium sulfide). Manganese products mainly include EMD for primary batteries and lithium batteries, high-purity manganese sulfate and other products.

Segmentation Overview:


By type, Industrial Grade segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Battery Materials, with a market share of 36.44% in 2021.

Key Companies in the global Manganese Sulfate market covered in Chapter 3:

CITIC Dameng
Dalong Huicheng
Changsha Jinhui
Tongling Pearl
Modasa Chemicals
Guangxi Detian Chemical
Prince
Redstar Developing Co.,Ltd.
Lantian Chemical Industrial
Rech Chemical

In Chapter 4 and Chapter 14.2, on the basis of types, the Manganese Sulfate market from 2018 to 2029 is primarily split into:

Industrial Grade
Feed Grade
Fertilizer Grade

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Manganese Sulfate market from 2018 to 2029 covers:

Fertilizer
Animal Feed
Chemical Materials
Battery Materials

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)