The Market Reports

Synopsis
The global market for High Purity Manganese Sulphate (HPMSM) was estimated to be worth US$ 254 million in 2024 and is forecast to a readjusted size of US$ 955 million by 2031 with a CAGR of 17.3% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on High Purity Manganese Sulphate (HPMSM) cross-border industrial footprints, 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 >40% CAGR over the next three years. Looking forward, EV growth will be catalyzed by declining battery costs (targeting <$70/kWh by 2026), expansion of fast-charging infrastructure, and regulatory mandates like zero-emission vehicle (ZEV) programs globally.
This report aims to provide a comprehensive presentation of the global market for High Purity Manganese Sulphate (HPMSM), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of High Purity Manganese Sulphate (HPMSM) by region & country, by Type, and by Application.
The High Purity Manganese Sulphate (HPMSM) market size, estimations, and forecasts are provided in terms of sales volume (Tons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding High Purity Manganese Sulphate (HPMSM).
Market Segmentation
By Company
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
Segment by Type
Manganese Ore Route
Electrolytic Manganese Route
Resources Recovery Route
Segment by Application
NCM333
NCM523
NCM622
NCM811
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of High Purity Manganese Sulphate (HPMSM) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of High Purity Manganese Sulphate (HPMSM) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of High Purity Manganese Sulphate (HPMSM) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index