North America Battery Grade High Purity Manganese Sulphate Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.36 Billion by 2030, growing at a CAGR of 12.2% from 2024 to 2030.
North America is experiencing a significant surge in the demand for high-purity manganese sulphate (HPMSM), a critical component in the production of lithium-ion batteries. This surge is primarily driven by the rapid expansion of the electric vehicle (EV) market and the increasing need for efficient energy storage solutions. HPMSM is essential for manufacturing cathodes in nickel-manganese-cobalt (NMC) batteries, which are widely used in EVs due to their superior energy density and stability. The automotive industry's shift towards zero-emission vehicles has further accelerated the demand for HPMSM, positioning it as a pivotal material in the transition to sustainable transportation.
In response to this escalating demand, several initiatives have been launched to bolster domestic production capabilities. For instance, the U.S. Energy Department announced plans to allocate $3 billion to 25 battery manufacturing projects across 14 states. This funding aims to enhance domestic production of advanced batteries and materials, thereby reducing reliance on foreign sources. Notably, South32 Hermosa in Arizona received $166 million to mine high-purity manganese sulphate monohydrate (HPMSM) for electric vehicle battery chemistries. This investment underscores the strategic importance of securing a stable supply of HPMSM to support the burgeoning EV industry. citeturn0news12
Industry players are also scaling up their operations to meet the growing requirements. Vibrantz Technologies, for example, announced the construction of a new pilot plant in Tampico, Mexico, dedicated to processing HPMSM. This facility is expected to increase Vibrantz's HPMSM capacity to up to 45,000 metric tons per year over the next three years, potentially powering two million electric vehicles. Such expansions are crucial to ensure a reliable supply of HPMSM for the North American market. citeturn0search0
The strategic importance of HPMSM in the North American battery manufacturing sector cannot be overstated. Its role in enhancing battery performance and supporting the EV industry's growth makes it a critical material. The concerted efforts by governments and industry stakeholders to boost domestic production capabilities are vital to meet the escalating demand and ensure the sustainability of the EV market. As the industry continues to evolve, the focus on securing and expanding HPMSM production will be instrumental in shaping the future of electric mobility in North America.
North America Battery Grade High Purity Manganese Sulphate Market
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Giyani Metals
Mn Energy Australia
Prince International Corporation
Guizhou Redstar
Qinzhou Nanhai Chemical
Guizhou Huicheng
Xiangtan Electrochemical Scientific
South Manganese Group
Guizhou Manganese Mineral
Guangxi Menghua
ISKY Chemicals Co.
Ltd
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Battery Grade High Purity Manganese Sulphate Market
Power & Utilities
EV Automotive
Consumer Electronics
Others
Based on Types the Market is categorized into Below types that held the largest Battery Grade High Purity Manganese Sulphate market share In 2023.
Mn32%
Others
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Battery Grade High Purity Manganese Sulphate Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Battery Grade High Purity Manganese Sulphate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Battery Grade High Purity Manganese Sulphate Market, By Type
6. North America Battery Grade High Purity Manganese Sulphate Market, By Application
7. North America Battery Grade High Purity Manganese Sulphate Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Battery Grade High Purity Manganese Sulphate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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