Battery grade manganese sulfate market demand is strong and my country is the world’s largest producer

Manganese sulfate is an inorganic compound with the chemical formula MnSO4. It appears as a white to pink crystalline powder. It is easily soluble in water and insoluble in ethanol. Manganese sulfate is easily deliquescent, odorless, decomposable at high temperatures, and non-flammable. It is widely used in feed additives, batteries, ink driers, fabric printing and dyeing agents and other products. Battery grade manganese sulfate refers to the precursor used to prepare ternary cathode materials for lithium batteries.

The upstream of the battery-grade manganese sulfate industry chain supplies raw materials, including sulfuric acid and electrolytic manganese metal. my country is a major producer of sulfuric acid, and its output has maintained steady growth for a long time. According to data from the National Bureau of Statistics, my country’s sulfuric acid production reached 93.827 million tons in 2021, a year-on-year increase of 5%. Due to factors such as insufficient supply of raw materials, my country’s electrolytic manganese metal production has declined, but it can still meet the production demand for battery-grade manganese sulfate. Against this background, my country’s battery-grade manganese sulfate production capacity has expanded rapidly, reaching 231,000 tons in 2021.

The downstream of the battery-grade manganese sulfate industry chain is the application field, with new energy vehicles being the largest demand end. As the concept of green environmental protection continues to deepen, the prosperity of the new energy automobile industry continues to increase. According to statistics from the China Association of Automobile Manufacturers, my country’s new energy vehicle production will reach 3.545 million units in 2021, with a market share of 13.4%. Benefiting from the rapid development of downstream industries, my country’s battery-grade manganese sulfate market demand is increasingly strong. In 2021, my country’s demand for battery-grade manganese sulfate will reach 134,000 tons, a year-on-year increase of 31.2%.

In recent years, my country’s battery-grade manganese sulfate industry has gradually developed in a standardized direction. The industry standard “Battery Grade Manganese Sulfate Solution” was officially released in 2020. The document clearly stipulates the process route, technical requirements, inspection rules, experimental methods and other contents of battery grade manganese sulfate solution. At present, the main production routes of battery-grade manganese sulfate in my country include the reduction and impurity removal crystallization method and the electrolytic manganese flake sulfuric acid method. Driven by national policies, the production and quality of battery-grade manganese sulfate in my country will be greatly improved.

According to the “2023-2028 China Battery Grade Manganese Sulfate Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center , my country’s battery-grade manganese sulfate market size will reach 2.17 billion yuan in 2021, a year-on-year increase of 15.6%. After years of development, my country has become the world’s largest producer of battery-grade manganese sulfate. Guizhou Hongxing Development Co., Ltd., Zhejiang Tianneng New Materials Co., Ltd., and Southern Manganese Industry Group Co., Ltd. are the main players in my country’s battery-grade manganese sulfate market.

Industry analysts said that battery-grade manganese sulfate is widely used in the field of new energy vehicles. As market demand continues to rise, industry development The prospects will be broader. my country is the world’s largest producer of battery-grade manganese sulfate, and local companies have competitive advantages and voice in the global market. It is expected that in the future, driven by national policy support and technological innovation, the development speed of my country’s battery-grade manganese sulfate industry will further accelerate.