One of the major factors influencing the growth of the market is the growing demand for Manganese Sulfate as a fertilizer.
NEW YORK CITY, NY, UNITED STATES, December 23, 2021 /EINPresswire.com/ – The latest research study published by Reports and Data titled Manganese Sulfate Market provides a thorough assessment of the market. The manganese sulfate market is expected to reach $ 466.3 million by 2027, according to a new report from Reports and Data. The growth of the market is attributed to the increasing demand for manganese sulfate in end-use applications.
Manganese is a vital mineral necessary for plant nutrition and plays an important role in various physiological processes, especially photosynthesis. Manganese deficiency is a major problem, often appearing in organic soils and sandy soils, with a pH above 6 and tropical soils. Wet and cold conditions usually make the problem worse. The influence of manganese deficiency on crops includes reduced yield, lower resistance to pathogens, and reduced tolerance to heat and water stress. In addition, GMO cash crop strains often suffer from manganese deficiency, due to the ripple effect of 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 advantage of providing sulfur in the form of sulfates which are readily available for uptake by plants.
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Manganese Sulfate Industry Overview
The revenue growth of the global materials and chemicals industry can be mainly attributed to the growing demand for essential consumer goods including soaps, detergents and beauty and personal care products in the world, the preference growth for sustainable and environmentally friendly raw materials and the increasing use of chemicals and advanced chemicals. raw materials in sectors such as agriculture, agribusiness, building and construction, automotive, packaging and manufacturing. Rising pollution levels, heightened environmental awareness, increasing use of chemicals and technologically advanced materials, and increasing demand for organic materials are other major factors driving the growth of this industry. industry.
The increasing demand for magnesium sulfate in battery production is driving the growth of the market. Battery grade manganese sulfate is mainly used to make the precursor of lithium battery cathode ternary material. Manganese increases the safety and stability of battery materials and replaces part of the cobalt content of materials to reduce costs. 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, so the manganese sulfate used in batteries requires a stringent impurity content.
The main participants 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.
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Regional Outlook (Volume, Kilotonnes; 2016-2027 and Revenue, USD Million; 2016-2027)
Other key findings from the report suggest
By grade, industrial grade manganese sulfate contributed substantial market share in 2018.
By distribution channel, online distribution channel is expected to experience the fastest growth rate of 10.4% during the forecast period.
By application, agriculture contributed the largest market share in 2018 and is expected to grow at a rate of 8.0% during the forecast period. The main application of manganese sulfate in agriculture is as fertilizers, fungicides and food additives, among others.
The Asia-Pacific region market dominated the market in 2018 and is expected to grow at a rate of 8.5% during the forecast period due to rapidly increasing population resulting in increased demand for larger quantity of food products from developing countries including India and China. The increasing consumption of fertilizers in the region to achieve higher agricultural yields is driving the growth of the market.
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For the purpose of this report, reports and data have segmented the global Manganese Sulfate market on the basis of quality, distribution channel, application, and region:
Quality Outlook (Volume, Kilotons; 2016-2027 and Revenue, USD Million; 2016-2027)
Distribution Channel Outlook (Volume, Kilotons; 2016-2027 and Revenue, USD Million; 2016-2027)
Application Outlook (Volume, Kilotons; 2016-2027 and Revenue, USD Million; 2016-2027)
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