Worldwide Manganese Sulfate Market is expected to witness enormous growth over the forecast period increasing battery demand, mainly in emerging economies such as China, India, and Vietnam, is likely to propel manganese sulfate market expansion over the forecast period. It is used in electrodes that form necessary components of the battery. Manganese Sulfate is utilized in electrodes for lithium ion, alkaline, and Zn carbon batteries. Lithium ion batteries are likely to provide the extensive period of power storage space and are utilized in moveable consumer electronic devices comprising of calculators.
The U.S.A mineral policy supports the spreading out of private sections for mineral processing and extraction in the different areas. Constructive parliamentary norms are likely to drive the conjugal manufacturing and further decrease dependence on traded in minerals. Technical advancements and innovations have directed to the lucrative manufacturer and augment monetization of such key initiatives. Increasing EV (electric vehicle) requirement is likely to have a constructive consequence on the manganese Sulfate industry expansion over the estimated period. EV (electric vehicle) market is categorized by growing recognition of hybrid and electric vehicles tied to government policies and incentives for EV(electric vehicles) technology encouragement.
The increasing dependence on Asian imports primarily supplied from China has directed to numerous increasing export duty and antidumping in mature countries comprising U.S.A. The industry is expected to observe oversupply situation, which has directed to a conclusion of many manganese excavations. Enterprises working in manganese sulfate market have by now proclaimed to cease procedures over the coming features. Abovementioned reasons are expected to obstruct manganese sulfate industry growth over the forecast period
On the basis of end user application, this manganese sulfate market can be segregated into various sub-segments such as Consumer electronics, semiconductors, and others. Batteries are expected to capture the largest revenue over the forecast period owing to increasing demand of manganese sulfate by this segment. In terms of volume, this segment is expected to capture the largest share. Increasing demand from developing countries is expected to drive the growth of this segment over the forecast period. Increasing demand for batteries owing to increase in demand for electric vehicles is expected to drive the growth of this market over the forecast period. Alkaline batteries have seen enormous growth over the last few years in return for which the demand of manganese sulfate escalated. These batteries are made for delivering the very long enduring performance which is due to the presence of manganese Sulfate as its one of the main constituent.
On the basis of geographical regions, the manganese sulfate market can be segregated into Asia Pacific, North America, Latin America, Europe and the Middle East & Africa. North America is expected to capture maximum share in terms of volume over the forecast period. Asia Pacific is expected to see the increase in consumption of manganese sulfate over the forecast period. Asia Pacific manganese sulfate market is expected to witness huge growth both in terms of volume and revenue over the forecast period owing to increasing demand for secondary & primary batteries for the power production and electrical vehicles. The manganese sulphates mainly utilized in making of the cathode of various batteries.
The growth of Asia Pacific is fuelled by China since China is expected to be the largest producer of manganese sulfate over the forecast period. Increasing domestic demand is fuelling the production of manganese sulfate in this region. Europe manganese sulfate market is expected to witness moderate growth over the forecast period. India is expected to fastest growing market of Asia Pacific owing to constructive government policies such as FDI and Make in India.Some of the key players in the manganese sulfate market are as follows Cegasa, Tosoh Corporation, Delta EMD Ltd., ERACHEM and Comilog.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Manganese Sulfate in these regions, from 2013 to 2025 (forecast), covering
• North America
• Southeast Asia
Global Manganese Sulfate market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Aldon Corporation
• Sam HPRP Chemicals
• Hydrite Chemical
• NOAH Technologies Corporation
• Boston BioProducts
• Modasa Chemicals
• Jost Chemical
• Guangxi Yuanchen
• CITIC Dameng
• Lantian Chemical Industrial
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Granular or Prill
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Agriculture Products (fertilizer, fungicides, feed additives, etc.)
• Chemical Industry (Paper Products, paints, varnishes, ceramic, textile dyes)
Research Support Specialist, USA