High Purity Manganese Sulphate (HPMSM) Market to Reach US$ 955 Million by 2031, Fueled by Rapid EV Battery Adoption and Cathode Innovation | QY Research

Market Summary -
The global market for High Purity Manganese Sulphate (HPMSM) was estimated to be worth US$ 254 million in 2024 and is forecast to reach a readjusted size of US$ 955 million by 2031, expanding at a robust CAGR of 17.3% during the forecast period 2025-2031.

According to QY Research, the newly released report titled "High Purity Manganese Sulphate (HPMSM) Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" delivers a comprehensive, data-driven assessment of the global HPMSM market. The study provides in-depth insights into market size evolution, pricing trends, competitive structure, regional demand dynamics, and long-term growth opportunities across the lithium-ion battery value chain.

Get Full PDF Sample Copy of the Report (Including Full TOC, Tables & Charts):
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Trade Policy Impact and Supply Chain Assessment -
This report provides a comprehensive evaluation of recent tariff adjustments and international strategic countermeasures affecting the High Purity Manganese Sulphate market. The analysis focuses on their impact on cross-border industrial footprints, capital allocation strategies, regional economic interdependencies, and global supply chain reconfigurations.

As battery material supply chains become increasingly strategic and geopolitically sensitive, the report helps stakeholders anticipate policy risks, optimize sourcing strategies, and strengthen supply security across key producing and consuming regions.

Product Definition and Material Overview -
High Purity Manganese Sulphate (HPMSM), also known as battery-grade manganese sulfate (MnSO4·H2O), is a critical cathode precursor used in lithium-ion battery chemistries such as LMO, NCM (333/523/622/811), and emerging LMFP systems.

To qualify as battery-grade, HPMSM must meet stringent purity standards-typically ≥99.9% purity, with extremely low heavy metal and water-soluble impurity levels. Product routes include manganese ore-based, electrolytic manganese-based, and resources recovery-based processes. HPMSM is favored for its cost efficiency, chemical stability, and ability to enhance thermal stability and specific energy in advanced battery systems.

Market Drivers and Growth Dynamics -
The HPMSM market is experiencing accelerated growth, primarily driven by the rapid expansion of the electric vehicle (EV) and energy storage system (ESS) markets.

According to International Energy Agency (IEA) Global EV Outlook 2024, global EV sales are projected to reach 17.1 million units in 2024, representing 25% year-over-year growth. China leads the global EV market with over 10 million units, accounting for nearly 60% of global sales, followed by Europe at around 3.5 million units and the United States at approximately 1.56 million units.

On the production side, China remains the dominant hub for HPMSM due to its vertically integrated battery and EV manufacturing ecosystem. At the same time, Europe and North America are accelerating domestic battery material investments to reduce reliance on Asian supply chains. Emerging markets such as India, Southeast Asia, and Latin America are expected to grow at over 40% CAGR over the next three years, further expanding HPMSM demand.

Technology Trends and Industry Development -
Technological advancements in cathode chemistry optimization and manganese purification processes are supporting higher adoption of HPMSM across next-generation battery platforms. Declining battery costs-targeting below US$ 70/kWh by 2026-the expansion of fast-charging infrastructure, and increasingly stringent zero-emission vehicle (ZEV) mandates are reinforcing long-term demand visibility for battery-grade manganese sulfate.

As manufacturers pursue improved energy density, safety, and sustainability, manganese-based cathode materials are gaining renewed attention as a strategic alternative to high-cobalt formulations.

Regional Market Outlook -
The report provides detailed regional and country-level analysis covering:
► Asia Pacific (China, Japan, South Korea, Southeast Asia, India) - the dominant production and consumption region
► Europe (Germany, France, UK, Italy, etc.) - driven by EV localization strategies and battery gigafactory investments
► North America (U.S., Canada, Mexico) - supported by energy transition policies and domestic battery material initiatives
► South America (Brazil, etc.) - emerging growth linked to resource development
► Middle East & Africa (Turkey, GCC countries, Africa) - long-term potential tied to raw material availability

Competitive Landscape -
The global High Purity Manganese Sulphate market is relatively concentrated, with Chinese producers playing a central role in global supply. Market participants are focusing on capacity expansion, process optimization, and downstream integration to secure long-term supply agreements with cathode and battery manufacturers.

Key companies profiled in the report include:
► 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

Market Segmentation Highlights -

By Type:
► Manganese Ore Route
► Electrolytic Manganese Route
► Resources Recovery Route

By Application:
► NCM333
► NCM523
► NCM622
► NCM811
► Others

Each segment is evaluated in terms of sales volume, revenue contribution, growth trends, and future market potential from 2020 to 2031.

Reasons to Procure This Report -
► Access accurate global and regional HPMSM market forecasts (2020-2031)
► Understand company market share, ranking, and competitive dynamics
► Evaluate the impact of EV policies and battery chemistry evolution
► Identify high-growth application segments and production routes
► Support strategic planning, investment decisions, and supply chain localization

Key Questions Answered in the Report -
► What is the current and projected size of the global HPMSM market?
► Which regions and cathode chemistries are driving demand growth?
► How concentrated is the competitive landscape, and who are the leading suppliers?
► How will EV adoption and battery cost reduction influence HPMSM demand?
► What strategic factors will shape the market through 2031?

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Table of Content:

1 Market Overview
1.1 High Purity Manganese Sulphate (HPMSM) Product Introduction
1.2 Global High Purity Manganese Sulphate (HPMSM) Market Size Forecast
1.2.1 Global High Purity Manganese Sulphate (HPMSM) Sales Value (2020-2031)
1.2.2 Global High Purity Manganese Sulphate (HPMSM) Sales Volume (2020-2031)
1.2.3 Global High Purity Manganese Sulphate (HPMSM) Sales Price (2020-2031)
1.3 High Purity Manganese Sulphate (HPMSM) Market Trends & Drivers
1.3.1 High Purity Manganese Sulphate (HPMSM) Industry Trends
1.3.2 High Purity Manganese Sulphate (HPMSM) Market Drivers & Opportunity
1.3.3 High Purity Manganese Sulphate (HPMSM) Market Challenges
1.3.4 High Purity Manganese Sulphate (HPMSM) Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global High Purity Manganese Sulphate (HPMSM) Players Revenue Ranking (2024)
2.2 Global High Purity Manganese Sulphate (HPMSM) Revenue by Company (2020-2025)
2.3 Global High Purity Manganese Sulphate (HPMSM) Players Sales Volume Ranking (2024)
2.4 Global High Purity Manganese Sulphate (HPMSM) Sales Volume by Company Players (2020-2025)
2.5 Global High Purity Manganese Sulphate (HPMSM) Average Price by Company (2020-2025)
2.6 Key Manufacturers High Purity Manganese Sulphate (HPMSM) Manufacturing Base and Headquarters
2.7 Key Manufacturers High Purity Manganese Sulphate (HPMSM) Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of High Purity Manganese Sulphate (HPMSM)
2.9 High Purity Manganese Sulphate (HPMSM) Market Competitive Analysis
2.9.1 High Purity Manganese Sulphate (HPMSM) Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by High Purity Manganese Sulphate (HPMSM) Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in High Purity Manganese Sulphate (HPMSM) as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Manganese Ore Route
3.1.2 Electrolytic Manganese Route
3.1.3 Resources Recovery Route
3.2 Global High Purity Manganese Sulphate (HPMSM) Sales Value by Type
3.2.1 Global High Purity Manganese Sulphate (HPMSM) Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global High Purity Manganese Sulphate (HPMSM) Sales Value, by Type (2020-2031)
3.2.3 Global High Purity Manganese Sulphate (HPMSM) Sales Value, by Type (%) (2020-2031)
3.3 Global High Purity Manganese Sulphate (HPMSM) Sales Volume by Type
3.3.1 Global High Purity Manganese Sulphate (HPMSM) Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global High Purity Manganese Sulphate (HPMSM) Sales Volume, by Type (2020-2031)
3.3.3 Global High Purity Manganese Sulphate (HPMSM) Sales Volume, by Type (%) (2020-2031)
3.4 Global High Purity Manganese Sulphate (HPMSM) Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 NCM333
4.1.2 NCM523
4.1.3 NCM622
4.1.4 NCM811
4.1.5 Others
4.2 Global High Purity Manganese Sulphate (HPMSM) Sales Value by Application
4.2.1 Global High Purity Manganese Sulphate (HPMSM) Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global High Purity Manganese Sulphate (HPMSM) Sales Value, by Application (2020-2031)
4.2.3 Global High Purity Manganese Sulphate (HPMSM) Sales Value, by Application (%) (2020-2031)
4.3 Global High Purity Manganese Sulphate (HPMSM) Sales Volume by Application
4.3.1 Global High Purity Manganese Sulphate (HPMSM) Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global High Purity Manganese Sulphate (HPMSM) Sales Volume, by Application (2020-2031)
4.3.3 Global High Purity Manganese Sulphate (HPMSM) Sales Volume, by Application (%) (2020-2031)
4.4 Global High Purity Manganese Sulphate (HPMSM) Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global High Purity Manganese Sulphate (HPMSM) Sales Value by Region
5.1.1 Global High Purity Manganese Sulphate (HPMSM) Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global High Purity Manganese Sulphate (HPMSM) Sales Value by Region (2020-2025)
5.1.3 Global High Purity Manganese Sulphate (HPMSM) Sales Value by Region (2026-2031)
5.1.4 Global High Purity Manganese Sulphate (HPMSM) Sales Value by Region (%), (2020-2031)
5.2 Global High Purity Manganese Sulphate (HPMSM) Sales Volume by Region
5.2.1 Global High Purity Manganese Sulphate (HPMSM) Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global High Purity Manganese Sulphate (HPMSM) Sales Volume by Region (2020-2025)
5.2.3 Global High Purity Manganese Sulphate (HPMSM) Sales Volume by Region (2026-2031)
5.2.4 Global High Purity Manganese Sulphate (HPMSM) Sales Volume by Region (%), (2020-2031)
5.3 Global High Purity Manganese Sulphate (HPMSM) Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America High Purity Manganese Sulphate (HPMSM) Sales Value, 2020-2031
5.4.2 North America High Purity Manganese Sulphate (HPMSM) Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe High Purity Manganese Sulphate (HPMSM) Sales Value, 2020-2031
5.5.2 Europe High Purity Manganese Sulphate (HPMSM) Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific High Purity Manganese Sulphate (HPMSM) Sales Value, 2020-2031
5.6.2 Asia Pacific High Purity Manganese Sulphate (HPMSM) Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America High Purity Manganese Sulphate (HPMSM) Sales Value, 2020-2031
5.7.2 South America High Purity Manganese Sulphate (HPMSM) Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa High Purity Manganese Sulphate (HPMSM) Sales Value, 2020-2031
5.8.2 Middle East & Africa High Purity Manganese Sulphate (HPMSM) Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions High Purity Manganese Sulphate (HPMSM) Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions High Purity Manganese Sulphate (HPMSM) Sales Value and Sales Volume
6.2.1 Key Countries/Regions High Purity Manganese Sulphate (HPMSM) Sales Value, 2020-2031
6.2.2 Key Countries/Regions High Purity Manganese Sulphate (HPMSM) Sales Volume, 2020-2031
6.3 United States
6.3.1 United States High Purity Manganese Sulphate (HPMSM) Sales Value, 2020-2031
6.3.2 United States High Purity Manganese Sulphate (HPMSM) Sales Value by Type (%), 2024 VS 2031
6.3.3 United States High Purity Manganese Sulphate (HPMSM) Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe High Purity Manganese Sulphate (HPMSM) Sales Value, 2020-2031
6.4.2 Europe High Purity Manganese Sulphate (HPMSM) Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe High Purity Manganese Sulphate (HPMSM) Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China High Purity Manganese Sulphate (HPMSM) Sales Value, 2020-2031
6.5.2 China High Purity Manganese Sulphate (HPMSM) Sales Value by Type (%), 2024 VS 2031
6.5.3 China High Purity Manganese Sulphate (HPMSM) Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan High Purity Manganese Sulphate (HPMSM) Sales Value, 2020-2031
6.6.2 Japan High Purity Manganese Sulphate (HPMSM) Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan High Purity Manganese Sulphate (HPMSM) Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea High Purity Manganese Sulphate (HPMSM) Sales Value, 2020-2031
6.7.2 South Korea High Purity Manganese Sulphate (HPMSM) Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea High Purity Manganese Sulphate (HPMSM) Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia High Purity Manganese Sulphate (HPMSM) Sales Value, 2020-2031
6.8.2 Southeast Asia High Purity Manganese Sulphate (HPMSM) Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia High Purity Manganese Sulphate (HPMSM) Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India High Purity Manganese Sulphate (HPMSM) Sales Value, 2020-2031
6.9.2 India High Purity Manganese Sulphate (HPMSM) Sales Value by Type (%), 2024 VS 2031
6.9.3 India High Purity Manganese Sulphate (HPMSM) Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Guizhou Dalong Huicheng New Material
7.1.1 Guizhou Dalong Huicheng New Material Company Information
7.1.2 Guizhou Dalong Huicheng New Material Introduction and Business Overview
7.1.3 Guizhou Dalong Huicheng New Material High Purity Manganese Sulphate (HPMSM) Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Guizhou Dalong Huicheng New Material High Purity Manganese Sulphate (HPMSM) Product Offerings
7.1.5 Guizhou Dalong Huicheng New Material Recent Development
7.2 ISKY Chemicals
7.2.1 ISKY Chemicals Company Information
7.2.2 ISKY Chemicals Introduction and Business Overview
7.2.3 ISKY Chemicals High Purity Manganese Sulphate (HPMSM) Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 ISKY Chemicals High Purity Manganese Sulphate (HPMSM) Product Offerings
7.2.5 ISKY Chemicals Recent Development
7.3 Guizhou Redstar Developing
7.3.1 Guizhou Redstar Developing Company Information
7.3.2 Guizhou Redstar Developing Introduction and Business Overview
7.3.3 Guizhou Redstar Developing High Purity Manganese Sulphate (HPMSM) Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Guizhou Redstar Developing High Purity Manganese Sulphate (HPMSM) Product Offerings
7.3.5 Guizhou Redstar Developing Recent Development
7.4 Guizhou Jinrui New Materials
7.4.1 Guizhou Jinrui New Materials Company Information
7.4.2 Guizhou Jinrui New Materials Introduction and Business Overview
7.4.3 Guizhou Jinrui New Materials High Purity Manganese Sulphate (HPMSM) Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Guizhou Jinrui New Materials High Purity Manganese Sulphate (HPMSM) Product Offerings
7.4.5 Guizhou Jinrui New Materials Recent Development
7.5 Lantian Chemical
7.5.1 Lantian Chemical Company Information
7.5.2 Lantian Chemical Introduction and Business Overview
7.5.3 Lantian Chemical High Purity Manganese Sulphate (HPMSM) Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Lantian Chemical High Purity Manganese Sulphate (HPMSM) Product Offerings
7.5.5 Lantian Chemical Recent Development
7.6 Guangxi Yuding New Materials
7.6.1 Guangxi Yuding New Materials Company Information
7.6.2 Guangxi Yuding New Materials Introduction and Business Overview
7.6.3 Guangxi Yuding New Materials High Purity Manganese Sulphate (HPMSM) Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Guangxi Yuding New Materials High Purity Manganese Sulphate (HPMSM) Product Offerings
7.6.5 Guangxi Yuding New Materials Recent Development
7.7 Vibrantz Technologies Inc. (Prince)
7.7.1 Vibrantz Technologies Inc. (Prince) Company Information
7.7.2 Vibrantz Technologies Inc. (Prince) Introduction and Business Overview
7.7.3 Vibrantz Technologies Inc. (Prince) High Purity Manganese Sulphate (HPMSM) Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Vibrantz Technologies Inc. (Prince) High Purity Manganese Sulphate (HPMSM) Product Offerings
7.7.5 Vibrantz Technologies Inc. (Prince) Recent Development
7.8 Guizhou Manganese Mineral Group
7.8.1 Guizhou Manganese Mineral Group Company Information
7.8.2 Guizhou Manganese Mineral Group Introduction and Business Overview
7.8.3 Guizhou Manganese Mineral Group High Purity Manganese Sulphate (HPMSM) Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Guizhou Manganese Mineral Group High Purity Manganese Sulphate (HPMSM) Product Offerings
7.8.5 Guizhou Manganese Mineral Group Recent Development
8 Industry Chain Analysis
8.1 High Purity Manganese Sulphate (HPMSM) Industrial Chain
8.2 High Purity Manganese Sulphate (HPMSM) Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 High Purity Manganese Sulphate (HPMSM) Sales Model
8.5.2 Sales Channel
8.5.3 High Purity Manganese Sulphate (HPMSM) Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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