High Purity Manganese Sulphate (HPMSM) Market Size(US$)

CAGR 2025-2031
17.3%
Market Size,2031
USD 955
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global High Purity Manganese Sulphate (HPMSM) market size was 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.
By 2025, the evolving U.S. tariff policy is poised to inject considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and the corresponding policy responses across the globe, evaluating their impacts on High Purity Manganese Sulphate (HPMSM) market competitiveness, regional economic performance, and supply chain configurations.
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.
The global High Purity Manganese Sulphate (HPMSM) market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
Market Segmentation
Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of High Purity Manganese Sulphate (HPMSM) market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Electrolytic Manganese Route in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., NCM523 in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the High Purity Manganese Sulphate (HPMSM) value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
QYResearch's Strengths
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
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Table of Contents
1 Market Overview
1.1 High Purity Manganese Sulphate (HPMSM) Product Scope
1.2 High Purity Manganese Sulphate (HPMSM) by Type
1.2.1 Global High Purity Manganese Sulphate (HPMSM) Sales by Type (2020 & 2024 & 2031)
1.2.2 Manganese Ore Route
1.2.3 Electrolytic Manganese Route
1.2.4 Resources Recovery Route
1.3 High Purity Manganese Sulphate (HPMSM) by Application
1.3.1 Global High Purity Manganese Sulphate (HPMSM) Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 NCM333
1.3.3 NCM523
1.3.4 NCM622
1.3.5 NCM811
1.3.6 Others
1.4 Global High Purity Manganese Sulphate (HPMSM) Market Estimates and Forecasts (2020-2031)
1.4.1 Global High Purity Manganese Sulphate (HPMSM) Market Size in Value Growth Rate (2020-2031)
1.4.2 Global High Purity Manganese Sulphate (HPMSM) Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global High Purity Manganese Sulphate (HPMSM) Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global High Purity Manganese Sulphate (HPMSM) Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global High Purity Manganese Sulphate (HPMSM) Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global High Purity Manganese Sulphate (HPMSM) Sales Market Share by Region (2020-2025)
2.2.2 Global High Purity Manganese Sulphate (HPMSM) Revenue Market Share by Region (2020-2025)
2.3 Global High Purity Manganese Sulphate (HPMSM) Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global High Purity Manganese Sulphate (HPMSM) Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global High Purity Manganese Sulphate (HPMSM) Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 Europe High Purity Manganese Sulphate (HPMSM) Market Size and Prospective (2020-2031)
2.4.2 China High Purity Manganese Sulphate (HPMSM) Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global High Purity Manganese Sulphate (HPMSM) Historic Market Review by Type (2020-2025)
3.1.1 Global High Purity Manganese Sulphate (HPMSM) Sales by Type (2020-2025)
3.1.2 Global High Purity Manganese Sulphate (HPMSM) Revenue by Type (2020-2025)
3.1.3 Global High Purity Manganese Sulphate (HPMSM) Price by Type (2020-2025)
3.2 Global High Purity Manganese Sulphate (HPMSM) Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global High Purity Manganese Sulphate (HPMSM) Sales Forecast by Type (2026-2031)
3.2.2 Global High Purity Manganese Sulphate (HPMSM) Revenue Forecast by Type (2026-2031)
3.2.3 Global High Purity Manganese Sulphate (HPMSM) Price Forecast by Type (2026-2031)
3.3 Different Types High Purity Manganese Sulphate (HPMSM) Representative Players
4 Global Market Size by Application
4.1 Global High Purity Manganese Sulphate (HPMSM) Historic Market Review by Application (2020-2025)
4.1.1 Global High Purity Manganese Sulphate (HPMSM) Sales by Application (2020-2025)
4.1.2 Global High Purity Manganese Sulphate (HPMSM) Revenue by Application (2020-2025)
4.1.3 Global High Purity Manganese Sulphate (HPMSM) Price by Application (2020-2025)
4.2 Global High Purity Manganese Sulphate (HPMSM) Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global High Purity Manganese Sulphate (HPMSM) Sales Forecast by Application (2026-2031)
4.2.2 Global High Purity Manganese Sulphate (HPMSM) Revenue Forecast by Application (2026-2031)
4.2.3 Global High Purity Manganese Sulphate (HPMSM) Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in High Purity Manganese Sulphate (HPMSM) Application
5 Competition Landscape by Players
5.1 Global High Purity Manganese Sulphate (HPMSM) Sales by Players (2020-2025)
5.2 Global Top High Purity Manganese Sulphate (HPMSM) Players by Revenue (2020-2025)
5.3 Global High Purity Manganese Sulphate (HPMSM) Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in High Purity Manganese Sulphate (HPMSM) as of 2024)
5.4 Global High Purity Manganese Sulphate (HPMSM) Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of High Purity Manganese Sulphate (HPMSM), Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of High Purity Manganese Sulphate (HPMSM), Product Type & Application
5.7 Global Key Manufacturers of High Purity Manganese Sulphate (HPMSM), Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 Europe Market: Players, Segments, Downstream and Major Customers
6.1.1 Europe High Purity Manganese Sulphate (HPMSM) Sales by Company
6.1.1.1 Europe High Purity Manganese Sulphate (HPMSM) Sales by Company (2020-2025)
6.1.1.2 Europe High Purity Manganese Sulphate (HPMSM) Revenue by Company (2020-2025)
6.1.2 Europe High Purity Manganese Sulphate (HPMSM) Sales Breakdown by Type (2020-2025)
6.1.3 Europe High Purity Manganese Sulphate (HPMSM) Sales Breakdown by Application (2020-2025)
6.1.4 Europe High Purity Manganese Sulphate (HPMSM) Major Customer
6.1.5 Europe Market Trend and Opportunities
6.2 China Market: Players, Segments, Downstream and Major Customers
6.2.1 China High Purity Manganese Sulphate (HPMSM) Sales by Company
6.2.1.1 China High Purity Manganese Sulphate (HPMSM) Sales by Company (2020-2025)
6.2.1.2 China High Purity Manganese Sulphate (HPMSM) Revenue by Company (2020-2025)
6.2.2 China High Purity Manganese Sulphate (HPMSM) Sales Breakdown by Type (2020-2025)
6.2.3 China High Purity Manganese Sulphate (HPMSM) Sales Breakdown by Application (2020-2025)
6.2.4 China High Purity Manganese Sulphate (HPMSM) Major Customer
6.2.5 China Market Trend and Opportunities
7 Company Profiles and Key Figures
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 Business Overview
7.1.3 Guizhou Dalong Huicheng New Material High Purity Manganese Sulphate (HPMSM) Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Guizhou Dalong Huicheng New Material High Purity Manganese Sulphate (HPMSM) Products Offered
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 Business Overview
7.2.3 ISKY Chemicals High Purity Manganese Sulphate (HPMSM) Sales, Revenue and Gross Margin (2020-2025)
7.2.4 ISKY Chemicals High Purity Manganese Sulphate (HPMSM) Products Offered
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 Business Overview
7.3.3 Guizhou Redstar Developing High Purity Manganese Sulphate (HPMSM) Sales, Revenue and Gross Margin (2020-2025)
7.3.4 Guizhou Redstar Developing High Purity Manganese Sulphate (HPMSM) Products Offered
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 Business Overview
7.4.3 Guizhou Jinrui New Materials High Purity Manganese Sulphate (HPMSM) Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Guizhou Jinrui New Materials High Purity Manganese Sulphate (HPMSM) Products Offered
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 Business Overview
7.5.3 Lantian Chemical High Purity Manganese Sulphate (HPMSM) Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Lantian Chemical High Purity Manganese Sulphate (HPMSM) Products Offered
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 Business Overview
7.6.3 Guangxi Yuding New Materials High Purity Manganese Sulphate (HPMSM) Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Guangxi Yuding New Materials High Purity Manganese Sulphate (HPMSM) Products Offered
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) Business Overview
7.7.3 Vibrantz Technologies Inc. (Prince) High Purity Manganese Sulphate (HPMSM) Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Vibrantz Technologies Inc. (Prince) High Purity Manganese Sulphate (HPMSM) Products Offered
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 Business Overview
7.8.3 Guizhou Manganese Mineral Group High Purity Manganese Sulphate (HPMSM) Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Guizhou Manganese Mineral Group High Purity Manganese Sulphate (HPMSM) Products Offered
7.8.5 Guizhou Manganese Mineral Group Recent Development
8 High Purity Manganese Sulphate (HPMSM) Manufacturing Cost Analysis
8.1 High Purity Manganese Sulphate (HPMSM) Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of High Purity Manganese Sulphate (HPMSM)
8.4 High Purity Manganese Sulphate (HPMSM) Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 High Purity Manganese Sulphate (HPMSM) Distributors List
9.3 High Purity Manganese Sulphate (HPMSM) Customers
10 High Purity Manganese Sulphate (HPMSM) Market Dynamics
10.1 High Purity Manganese Sulphate (HPMSM) Industry Trends
10.2 High Purity Manganese Sulphate (HPMSM) Market Drivers
10.3 High Purity Manganese Sulphate (HPMSM) Market Challenges
10.4 High Purity Manganese Sulphate (HPMSM) Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
Table of Figures
List of Tables
List of Figures
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The global High Purity Manganese Sulphate (HPMSM) market is projected to grow from US$ 367 million in 2025 to US$ 955 million by 2031, at a Compound Annual Growth Rate (CAGR) of 17.3% during the forecast period.
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Published: 2025-06-11
Pages: 142
The global market for High Purity Manganese Sulphate (HPMSM) was valued at US$ 254 million in the year 2024 and is projected to reach a revised size of US$ 955 million by 2031, growing at a CAGR of 17.3% during the forecast period.
Published: 2025-06-11
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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.
Published: 2025-06-11
Pages: 96
The global High Purity Manganese Sulphate (HPMSM) market is projected to grow from US$ 254 million in 2024 to US$ 955 million by 2031, at a CAGR of 17.3% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
Published: 2025-07-31
Pages: 149
The global market for High Purity Manganese Sulphate (HPMSM) was estimated to be worth US$ 367 million in 2025 and is projected to reach US$ 1104 million, growing at a CAGR of 17.3% from 2026 to 2032.
Published: 2026-01-05
Pages: 95
The global High Purity Manganese Sulphate (HPMSM) market was valued at US$ 367 million in 2025 and is anticipated to reach US$ 1104 million by 2032, at a CAGR of 17.3% from 2026 to 2032.
Published: 2026-01-05
Pages: 130
The global High Purity Manganese Sulphate (HPMSM) market size was US$ 367 million in 2025 and is forecast to reach a readjusted size of US$ 1104 million by 2032 with a CAGR of 17.3% during the forecast period 2026-2032.
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