Manganese Sulfate Market Size, Analysis, Trends and Segmented Data by Top Companies and Opportunities 2020-2027 | Top Players are Micromix, Lantian Chemical Industry, CITIC Dameng, etc

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.

Manganese is a vital mineral necessary for plant nutrition and performs a significant role in various physiological processes, especially photosynthesis. Manganese deficiency is a major problem, often arising in organic soils and sandy soils, with a pH level of more than 6 and tropical soils. Wet and cold conditions usually worsen the issue.

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The influence of manganese deficiency on crops comprises reduced yield, weaker resistance against pathogens, and a decreased tolerance to heat and drought stress. Furthermore, GMO strains of cash crops often suffer from a manganese deficiency, owing to the drag effect caused by the herbicide on them by depriving them of manganese. Thus, manganese sulfate as a fertilizer is essential for the health of crops. Manganese sulfate also has the benefit of providing sulfur as sulfates that immediately available for plant uptake.

Prominent Players in the market are Aldon Corporation, Hydrite Chemical, ERAMET, Jost Chemical, Boston Bioproducts, Micromix, Lantian Chemical Industry, CITIC Dameng, NOAH Technologies Corporation, and Sam HPRP Chemicals, among others.

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.

For the purpose of this report, Reports and Data have segmented the global manganese sulfate market on the basis of grade, distribution channel, application, and region:

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

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Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Further key findings from the report suggest:-
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.

Key questions addressed in the report:-
1. What is the market size calculated to be by the end of the forecast period?
2. What are the recent developments in the Manganese Sulfate sector?
3. What does the COVID-19 impact analysis of the Manganese Sulfate global landscape indicate?
4. What are the growth opportunities observed in the sector?
5. Who are the leading players contributing significantly to the overall market?
6. What is the CAGR of the Manganese Sulfate market expected to be by 2027?
7. Which regions contribute the most to the overall market?
8. Which factors are expected to hinder market growth in the coming years?
9. What are the prevalent strategic alliances undertaken by leading companies?
10. Which key trends are estimated to affect the future growth of the industry?

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