LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement intelligence advisory firm, has announced the release of their ‘Manganese Sulfate Market Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the chemicals industry. This report breaks down the data and analysis behind the procurement of manganese sulfate and acts as an all-inclusive guide for making smart purchasing decisions.
“The rising demand for EMD and LMD batteries will drive the growth of the global manganese sulfate market,” says SpendEdge procurement analyst Anil Seth. “Also, the automotive industry, especially the electric vehicles segment, is one of the key end-users which will influence the growth of the market,” added Anil.
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Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Manganese Sulfate Market:
- Breakthrough in manufacturing manganese sulfate from used alkaline batteries
- Rising R&D expenditure by suppliers
- Drop in production volumes of manganese ore and concentrates
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Breakthrough in manufacturing manganese sulfate from used alkaline batteries
In the manganese sulfate market, the researchers have been able to manufacture raw manganese sulfate from used alkaline batteries that contain manganese and zinc. This process is relatively environmental-friendly, and it does not discharge wastewater into the environment.
Rising R&D expenditure by suppliers
Globally, the suppliers are increasing their spend on R&D to improve their production processes and reduce the overall operational costs. This helps the suppliers reduce their production costs and enhance the negotiation margins for buyers.
Drop in production volumes of manganese ore and concentrates
In recent years, the manganese ore saw a drastic fall in its production. It is primarily because the suppliers tried to control the output to mitigate the relatively low manganese prices. This further helped the suppliers gain higher bargaining power.
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