High Purity Manganese Sulphate (HPMSM) Market 2025 : Rising Trends Set to Drive Impressive Growth at a CAGR of 17.3% by 2031

Los Angeles, United States - According to the latest market research study published by QY Research, the Global High Purity Manganese Sulphate (HPMSM) Market is poised for substantial growth over the forecast period 2025-2031. Valued at US$ 254 million in 2024, the market is projected to reach US$ 955 million by 2031, expanding at a CAGR of 17.3%.

This anticipated expansion is attributed to rising adoption across multiple industries, technological innovation, evolving consumer preferences, and strong demand in emerging economies. The study provides a comprehensive analysis of key drivers, growth trends, competitive dynamics, opportunities, and challenges shaping the future of the market.

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The potential shifts in the 2025 U.S. tariff framework pose substantial volatility risks to global markets. This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on High Purity Manganese Sulphate (HPMSM), capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

High Purity Manganese Sulphate (HPMSM), also known as Battery-grade manganese sulfate (chemical formula: MnSO4·H2O), is a critical cathode precursor material used in the production of lithium-ion batteries, particularly in lithium manganese oxide (LMO), nickel-cobalt-manganese (NCM), and lithium iron phosphate-manganese (LMFP) chemistries. To qualify as "battery-grade," manganese sulfate must meet stringent purity requirements-typically ≥99.9% purity with extremely low heavy metal and water-soluble impurities. Product types include electrolytic manganese-based and chemical precipitation-based HPMSM. Manganese sulfate is favored for its relatively low cost, stability, and ability to enhance thermal stability and specific energy in battery systems. Its application is rapidly expanding across electric vehicles (EVs), energy storage systems (ESS), and portable electronics.

Currently the High Purity Manganese Sulphate (HPMSM) are mainly produced and consumed in China.

According to the International Energy Agency (IEA) Global EV Outlook 2024, global electric vehicle sales are projected to reach 17.1 million units in 2024, representing a 25% year-over-year growth, driven by policy support, improved battery economics, and consumer adoption. China leads the market with over 10 million units expected to be sold, accounting for nearly 60% of global sales. Europe follows with approximately 3.5 million units, and the United States with about 1.56 million units, respectively making up 20% and 9% of global sales. On the production side, China is the dominant hub due to its vertically integrated battery and EV manufacturing ecosystem. Meanwhile, Europe and North America are accelerating domestic production to reduce reliance on Asian supply chains. Emerging markets such as India, Southeast Asia, and Latin America, while still nascent, are forecasted to grow at grether than 40% CAGR over the next three years. Looking forward, EV growth will be catalyzed by declining battery costs (targeting less than $70/kWh by 2026), expansion of fast-charging infrastructure, and regulatory mandates like zero-emission vehicle (ZEV) programs globally.

Market Drivers and Challenges -

Drivers

á—’ Rising consumer demand across multiple industries
á—’ Product innovation and robust R&D spending
á—’ Geographic expansion supported by favorable regulations
á—’ Strategic mergers, acquisitions, and partnerships

Challenges

á—’ Low-cost substitutes affecting competitiveness
á—’ Price volatility across raw material supply chains
á—’ Complex compliance requirements in different regions
á—’ Operational risks impacting timely supply and product quality

Why This Report is a Must-Have -

á—’ Historical Analysis (2020-2024) & Forecasts (2025-2031): Gain a clear understanding of market trends and future growth potential.

á—’ Comprehensive Market Segmentation: Detailed breakdown by Type, Application, and Region to identify lucrative opportunities.

á—’ Competitive Landscape: Insights into key players, their market share, and strategic developments like mergers, acquisitions, and expansion plans.

á—’ Drivers & Restraints: Understand the factors shaping the market's growth and the challenges that could impact your strategy.

á—’ Expert Opinions & Market Dynamics: Benefit from expert analysis to navigate market risks and capitalize on emerging trends.

Detailed of High Purity Manganese Sulphate (HPMSM) Market Segmentation -

Our market analysts are experts in deeply segmenting the global High Purity Manganese Sulphate (HPMSM) market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global High Purity Manganese Sulphate (HPMSM) market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global High Purity Manganese Sulphate (HPMSM) market and plan powerful business tactics to secure a position of strength in the industry.

Segmentation By Type :-

Manganese Ore Route
Electrolytic Manganese Route
Resources Recovery Route

Segmentation By Application -

NCM333
NCM523
NCM622
NCM811
Others

This segmentation helps identify high-growth opportunities and niche segments for investors and businesses.

Regional Insights -

The report takes readers on a journey through four key regions: United States, Asia-Pacific, and EMEA. Key nations like the United States, Germany, the United Kingdom, China, Japan, South Korea, and more are thoroughly examined. The data is presented in a timeline from 2024 as the base year, with projections extending to 2031.

North America: United States, Canada, Mexico

Latin America: Brazil and other key markets

Asia Pacific: China, Japan, South Korea, India, ASEAN countries

Europe, Middle East & Africa (EMEA): Major European economies, GCC countries, and African nations

The report provides a region-wise breakdown of market share, consumption trends, and future prospects.

Competitive Landscape: -

Guizhou Dalong Huicheng New Material
ISKY Chemicals
Guizhou Redstar Developing
Guizhou Jinrui New Materials
Lantian Chemical
Guangxi Yuding New Materials
Vibrantz Technologies Inc. (Prince)
Guizhou Manganese Mineral Group

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This High Purity Manganese Sulphate (HPMSM) Market Research Report Contains Answers to your following Questions -

á—’ Which Manufacturing Technology is Used for High Purity Manganese Sulphate (HPMSM)? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?

á—’ Who Are the Global Key Players in This High Purity Manganese Sulphate (HPMSM) Market? What's Their Company Profile, Their Product Information, and Contact Information?

á—’ What Was Global Market Status of High Purity Manganese Sulphate (HPMSM) Market? What Was Capacity, Production Value, Cost and PROFIT of High Purity Manganese Sulphate (HPMSM) Market?

á—’ What Is Current Market Status of High Purity Manganese Sulphate (HPMSM) Industry? What's Market Competition in This Industry, Both Company, and Country Wise? What's Market Analysis of High Purity Manganese Sulphate (HPMSM) Market by Taking Applications and Types in Consideration?

á—’ What Are Projections of Global High Purity Manganese Sulphate (HPMSM) Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

á—’ What Is High Purity Manganese Sulphate (HPMSM) Market Chain Analysis by Upstream Raw Materials and Downstream Industry?

á—’ What Is Economic Impact On High Purity Manganese Sulphate (HPMSM) Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?

á—’ What Are Market Dynamics of High Purity Manganese Sulphate (HPMSM) Market? What Are Challenges and Opportunities?

á—’ What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for High Purity Manganese Sulphate (HPMSM) Industry?

Table of Contents - Major Key Points:

1. Study Coverage
2. Executive Summary
3. Research Methodology
4. Global Production Analysis
5. Value Chain and Supply-Chain Analysis
6. High Purity Manganese Sulphate (HPMSM) Market Dynamics
7. Competition by Manufacturers
8. High Purity Manganese Sulphate (HPMSM) Market Segmentation, By Type
9. High Purity Manganese Sulphate (HPMSM) Market Segmentation, By Application
10. Regional Analysis
11. Corporate Profile
12. Conclusion...

Analyst Insights -

According to QY Research experts:

The global High Purity Manganese Sulphate (HPMSM) market is entering a transformative phase, where innovation, sustainability, and digital integration will define the future. Companies that invest in long-term strategies, regional expansion, and advanced solutions will emerge as market leaders. The next decade will witness significant disruptions, creating profitable opportunities for early adopters.

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