Global High-Purity Manganese Sulphate Market to reach USD 198.98 million by 2025.
Global High-Purity Manganese Sulphate Market valued approximately USD 98.74 million in 2017 is anticipated to grow with a healthy growth rate of more than 8.7% over the forecast period 2018-2025. The High-Purity Manganese Sulphate Market is continuously growing in the global scenario at a significant pace. High purity manganese sulphate are produced through the method of acquiring the primarily leached manganese solution.
This is done by adding sulfuric acid with a reductant to a low-grade manganese-containing composition and leaching manganese, and the secondary leached manganese solution is extracted from which the primary impurities are eliminated by the addition of calcium hydroxide. Higher demand from end user industries is one of the major substantial drivers of the market across the globe. Various industries demanding high-purity manganese sulphate such as fertile industries, agricultural industries, steelmaking industries, chemical industries and so on. Moreover, growing demand from diverse developing economies is likely to creating numerous opportunity in the near future. However, volatile prices of raw material is one of the major factors which limiting the market growth of high-purity manganese sulphate during the forecast period.
The regional analysis of Global High-Purity Manganese Sulphate Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing demand of high-purity manganese sulphate and favorable government support in the region. Europe is also estimated to grow at higher rate owing to escalating adoption of electric vehicles and increasing demand of fertilizers in the region. Further, Asia-Pacific is also anticipated to exhibit stable growth rate / CAGR over the forecast period 2018-2025 due to rising production of lead acid batteries in the region.
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The major market player included in this report are:
● Syniverse Technologies LLC
● Prince ERACHEM Comilog
● Hunan Huitong Science & Technology
● Guangxi Yuanchen Manganese Industry
● Haolin Chemical
● Guizhou Redstar Developing
● Fujian Liancheng Managnese
● Guangxi Menghua Technology
● Hunan Yueyang Sanxiang Chemical
● Xiangtan Electrochemical Scientific
● Guangxi Jingxi County Yizhou Manganese Industry
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
● Battery Grade
● Other Grade
● North America
● Asia Pacific
● Latin America
● Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global High-Purity Manganese Sulphate Market in Market Study:
● Key Consulting Companies & Advisors
● Large, medium-sized, and small enterprises
● Venture capitalists
● Value-Added Resellers VARs
● Third-party knowledge providers
● Investment bankers
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