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

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

Manganese sulfate usually refers to the inorganic compound with the formula MnSO4(H2O).
Manganese sulfate is one of the important trace element fertilizers can be used as base fertilizer, seed soaking, seed dressing, top dressing and foliar spray, can promote the growth of crops to increase production.

Market Overview:

The latest research study on the global Manganese Sulphate market finds that the global Manganese Sulphate market reached a value of USD 406.49 million in 2022. It’s expected that the market will achieve USD 650.8 million by 2028, exhibiting a CAGR of 8.16% during the forecast period.

Emerging and Growing Market of Manganese Sulphate

South America, China, India, Middle East

In developing regions, with the development of economy and technology, high standard of life, more innovation of technology and products, improvement performance of raw materials, more application fields such as the battery industry, electronic automobiles, energy storage, which demand more high-performance products, those regions will see a faster growth rate in the future.

In developed regions, they have proprietary patented technology, leading scientific experts, a highly competent management team, good purchasing power, high product standards, keep on innovation, upgrade products, fierce competition, all of which make a growing market demand for manganese sulphate.

Opportunities

Continuous innovation, improve technology, reduce production costs, improve production technology, improve product quality, will be the future trend of development.

Increase research and development, improve the supply chain system, ensure product quality and maintain competitive advantage.

With the economic growth and development and the promotion of downstream applications, such as diversify development of electronics, electrical transportations, energy storage, industrial, developing countries and regions will become a new emerging potential consumption market.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

Hunan Yueyang Sanxiang Chemical is one of the major players operating in the Manganese Sulphate market, holding a share of 7.28% in 2017.

Hunan Yueyang Sanxiang Chemical

Sodium sulfite, anhydrous sodium sulfite, manganese carbonate.

Haolin Chemical

Their company mainly produces and sells sodium metabisulfite,sodiium sulphite, zinc sulfate, manganese sulfate, ferrous sulfate and other products.

Segmentation Overview:

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

Agricultural Grade

Manganese sulphate is a trace element required for the crop of synthetic fatty acids, so manganese sulphate can be applied to the soil as a fertilizer to increase production. Manganese sulfate can also be added to animal feed, with the effect of fattening.

Battery Grade

Manganese sulphate is usually used to electronics, electronics transportation, which need a high performance battery.

Industrial Grade

Inorganic industry for electrolytic manganese production and preparation of various manganese salts. Paint industry for the production of driers and linseed oleate and so on.

Application Overview:

By application, the Industrial segment occupied the biggest share from 2017 to 2022.

Feed Additives

Manganese sulfate added to animal feed, with its effect of fattening.

Battery Material

With the development of electronic products and electric tools, the requirements for the battery are getting higher and higher. The battery industry is facing new opportunities. As the cathode material of the battery, manganese sulfate is usually used for the production of lithium batteries.

Industrial

Inorganic industry for electrolytic manganese production and preparation of various manganese salts. Paint industry for the production of driers and linseed oleate and so on.

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

Lantian Chemical
Guizhou Redstar Developing
Jost Chemical
TMC
Modasa Chemicals
ISKY (Xiangtan) Bio-Chem
Haolin Chemical
DAMENG
Atul Ltd
Hunan Yueyang Sanxiang Chemical
Mesa Minerals
Rech Chemical
Guangxi Detian Chemical Cycle

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

Agricultural Grade
Battery Grade
Industrial Grade

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

Feed Additives
Battery Material
Industrial

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)