Manganese Sulphate Market to Garner USD 447.1 Million by 2028 at 6.9% CAGR – Premium Report by The Market Reports

Manganese Sulphate is a type of inorganic compound. Like many metal sulphates, Manganese Sulphate forms a variety of hydrates: monohydrate, tetrahydrate, pentahydrate, and heptahydrate. The monohydrate is most common. All of these salts dissolve to give faintly pink solutions of the aquo complex [Mn(H2O)6]2+. The pale pink colour of Mn(II) salts is highly characteristic.

The main suppliers of Manganese Sulphate are Prince (ERACHEM Comilog), Dalong Huicheng New Material, Lantian Chemical, Redstar Developing and CITIC Dameng Mining Industries. In 2019, the Top 5 suppliers accounted for 48.86% of global revenue.

Regionally, China is the largest production market for Manganese Sulphate, accounting for about 51.19% of the total volume in 2019. India and South America produced roughly the same amount, accounting for 12.50% and 11.93% of the total, respectively.

The Asia-Pacific region is the largest consumer market of Manganese Sulphate, accounting for 45.70% of the total volume in 2019, followed by North America (20.89%) and Europe (18.12%).

The global Manganese Sulphate market was valued at US$ 265.6 million in 2020 and it is expected to reach US$ 447.1 million by the end of 2027, growing at a CAGR of 6.9% during 2021-2027.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Agricultural Grade
  • Battery Grade
  • Industrial Grade

Segment by Application

  • Agro-Industries
  • Industrial Fields
  • Batteries

By Company

  • Prince (ERACHEM Comilog)
  • Compania de Minas Buenaventura
  • GoodEarth India
  • RMCPL Group
  • Fermavi
  • Atul
  • CITIC Dameng Mining Industries
  • Lantian Chemical
  • Qingyunshang Mn Industry
  • Guizhou Dalong Huicheng New Material
  • Xiangtan Electrochemical Scientific
  • Rech Chemical
  • Haolin Chemical
  • Guangxi Detian Chemical Cycle
  • Guizhou Redstar Developing
  • Guangxi Menghua Technology
  • ISKY Chemicals

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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