growing demand for manganese sulfate as fertilizer is one of the significant factors influencing the Manganese Sulfate market growth.
The Global Manganese Sulfate Market Is Expected To Reach USD 466.3 Million By 2027, According To A New Report By Reports And Data. The Growth Of The Market Is Attributed To The Growing Demand For Manganese Sulfate In End-Use Applications.
The growing demand for magnesium sulfate in the production of batteries is driving the growth of the market. Battery grade manganese sulfate is primarily deployed to make the precursor of lithium battery cathode ternary material. Manganese is found to increase the safety and stability of battery materials, and substitute part of the cobalt content in the materials for cost reduction. Calcium, magnesium, sodium, and other impurities in manganese sulfate have a significant influence on the cycling performance and high-temperature morphology of lithium-ion batteries, thereby manganese sulfate used in batteries demands rigorous impurities content.
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Top Leading Players: Aldon Corporation, Hydrite Chemical, ERAMET, Jost Chemical, Boston Bioproducts, Micromix, Lantian Chemical Industry, CITIC Dameng, NOAH Technologies Corporation, And Sam HPRP Chemicals, Among Others.
Key Companies In The Market Include:
By Grade, Industrial Grade Manganese Sulfate Contributed To A Substantial Market Share In 2018.
By Distribution Channel, Online Distribution Channel Is Anticipated To Witness The Fastest Growth Rate Of 10.4% In The Forecast Period.
By Application, Agriculture Contributed To The Largest Market Share In 2018 And Is Expected To Grow At A Rate Of 8.0% In The Forecast Period. The Key Application Of Manganese Sulfate In Agriculture Is As Fertilizer, Fungicides, And Feed Additives, Among Others.
The Market In The Asia Pacific Region Dominated The Market In 2018 And Is Projected To Grow At A Rate Of 8.5% In The Forecast Period, Owing To A Swiftly Increasing Population Resulting In Higher Demand For A Greater Quantity Of Food Products From Developing Countries, Including India And China. The Increasing Consumption Of Fertilizer In The Region To Achieve Higher Crop Yield Is Driving The Growth Of The Market.
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Market Segmentation:
Grade Outlook (Volume, Kilo Tons; 2016-2027 And Revenue, USD Million; 2016-2027)
- Agriculture Grade
- Industrial Grade
- Others
Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 And Revenue, USD Million; 2016-2027)
- Online
- Offline
Application Outlook (Volume, Kilo Tons; 2016-2027 And Revenue, USD Million; 2016-2027)
- Agriculture
- Chemical
- Pharmaceutical
- Others
Regional Outlook:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key Questions Covered In The Global Manganese Sulfate Market Report:
- What Is The Expected Market Size Of The Global Manganese Sulfate Market During The Forecast Period?
- What Factors Are Expected To Hamper Global Manganese Sulfate Market Growth Over The Forecast Period?
- Which Application Segment Is Expected To Dominate Other Application Segments Over The Forecast Period?
- Which Region Is Expected To Dominate In Terms Of Revenue During The Forecast Period?
- What Are The Key Outcomes Of Porter’s Five Forces Analysis And SWOT Analysis?
- Which Leading Players Are Operating In The Global Manganese Sulfate Market?
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