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The worldwide manganese sulfate industry expected to grow remarkably in the next several years, driven by expanding use-cases in the chemicals sector. The industrial sector is also anticipated to present lucrative opportunities for suppliers, considering the wide application of the product in dyes, electrolytic manganese, ceramics, and paper.
MnSO4 is the chemical formula for manganese sulfate. It is an orthorhombic crystal of reddish monohydrate. It has a relative density of 3.50 and a melting point of 700°C. It can be found as a variety of hydrates. It is a minute element that is necessary for crops to produce fatty acids. It can boost output when applied to the soil as a fertilizer. Animal feed also contains it, and it has a calorific effect. It serves as the starting material for the creation of additional manganese salts.
According to a research study by Business Research Insights, the global market for manganese sulfate is projected to rise at a CAGR of 8.2% during 2022-2027. In 2019, the market value stood at USD 249 million.
Business Research Insights Presents the Top 10 Prominent Players in the Manganese Sulfate Industry
1. Micromix [India]
MPH is a business, which designs, develops and manufactures trace element fertilizers, biostimulants and other specialty foliar fertilizers for agriculture, horticulture, sports turf and hydroponic markets. They released More than 10 new products were successfully tested in 2013/14.
2. Guangxi Yuanchen [China]
Guangxi Yuanchen Manganese Industry Co., Ltd is a high-tech enterprise established in April 2005. The company has abundant capital and nature resources, possessing the mining right of an 8.5-million-ton manganese mine. The company has several patents on MnO2 mine deep processing.
3. Rech Chemical [China]
Rech Chemical was established in 1991 as a company specializing in producing and distributing trace-element products, involving industrial raw materials, plant nutrition, and animal health. At present, they are the largest supplier of ferrous sulfate mono granular.
4. Modasa Chemicals [India]
MODASA Pharmaceuticals have started its business in September 2008 with a partnership firm and thereafter they restructured internally and established the private limited company as per Company's Act 1956 in April 2011. The company is supplying Bulk Drugs, Pharmaceutical Ingredients, and Specialty Chemicals.
5. ISKY Chemical [China]
ISKY was founded in the year 2000, as an international company specializing in producing and distributing trace-element products, engaging in various industries such as new materials, animal nutrition and plant nutrition, environment, trading, and so on.
6. CITIC Dameng [Hong Kong]
CITIC Dameng offers manganese mine exploration and manganese ore deep-processing services. CITIC Dameng Mining Industries supplies products including manganese metal, manganese dioxide, manganese sulfate, and chemical manganese powder.
7. Fast Chemicals [India]
FastChem Construction is a leading manufacturer, supplier, and services provider of a complete range of chemical products used in the construction industry. They are specialists in the construction of unique and exclusive properties.
8. Hongyu Chemical [China]
Anqing Hongyu Chemical co., LTD. was founded in 1998. Since its establishment, to science and technology as the guide. Mainly engaged in polymer resin series product research and development, has international advanced molecular distillation equipment, specializing in the production of polyamide resin.
9. Eramet [France]
The company was founded in 1880. With discretion. The company produces non-ferrous metals and derivatives, nickel alloys and super alloys, and high-performance special steels.
10. TMC [India]
TMC was incorporated in the year 2009, TMC India became group company of United insulation industries & started their state of art manufacturing facility near Vadodara, Gujarat.
Major Challenges Posed by COVID-19 Pandemic
The COVID-19 pandemic considerably affected the global manganese sulfate industry between 2020 and 2021. Restrictions imposed by the respective governments, including lockdowns and travel bans, led to major disruptions in the chemicals sector. Widespread delays were witnessed owing to supply chain and logistics uncertainty. Many chemicals manufacturing plants were seen suspending production operations temporarily owing to lack of raw materials and shortage of workforce.
With key end-use industries experiencing unprecedented disruption, the demand for manganese sulfate dropped considerably. For instance, slowdown in construction activity led to a weakened demand for paints and coatings. However, despite these impacts, the global market is slated to recover strongly in the forthcoming years, following the ease of COVID-19 restrictions growing investments by leading market players.
Major Upcoming Trends in the Industry
The demand for batteries in the automotive industry is expected to expand, which will propel the market for manganese sulfate. The batteries are constructed from ultra-pure manganese sulfate, which is more cost-effective, healthier, and has a shorter charge time. Government actions regarding the reduction in dependency on oil and gas are expected to have a major impact on the development of the automotive industry, particularly the electric vehicle segment, globally.