Nickel Sulfate Market is expected to grow at a CAGR of 15.2% during the forecast period. Nickel Sulfate Market is expected to reach US$ 8519.06 Mn by 2029. The global Nickel Sulfate Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Nickel Sulfate Market report also provides trends by market segments, technology, and investment with a competitive landscape.To know about the Research Methodology :- Request Free Sample Report
Nickel Sulfate Market Overview:
Nickel Sulfate is an inorganic compound with the molecular formula NiSO4(H2O)6. Nickel Sulfate is a highly soluble blue-green colored salt and aqueous solution. Nickel sulfate befalls as the rare mineral retgersite, which is a hexahydrate. The second hexahydrate is known as nickel hexahydrite (Ni.Mg.Fe)SO4•6H2O. Nickel sulfate is formed by replacing one or both hydrogen atoms with Nickel atoms.Nickel Sulfate Market Dynamics:
Nickel Sulfate is a green to yellow crystalline (sand-like structure), odorless solid. It is used to make other Nickel compounds, as a penetrating agent in dyeing and printing textiles, and coatings and ceramics. Physical properties of Nickel sulfate like its odorless nature and high boiling point up to 840 degree Celsius and solubility in water and methanol is driving the market growth. Moreover, the chemical properties of NiSO4 are Non-flammable in nature, insoluble in alcohol and ether and their incompatibility with a strong acid is boosting the market growth of the nickel sulfate market. Nickel sulfate is widely employed as the electrolyte for surface finishing processes of metals like metal plating and electrorefining. Nickel sulfate is also used in the preparations of various nickel catalysts and compounds. The major application of Nickel sulfate is in coating for various kinds of coating metals and in the production of driers that are used in protective shields. Nickel sulfate is a carcinogenic compound and exposure and Nickel sulfate fumes can cause cancer. This factor is acting as a restraining factor to the market and can hamper the market growth.Nickel Sulfate Market Segment Analysis:
By Type, the segment is trifurcated into EN Grade, Plating Grade, and High-purity Grade. EN grade nickel sulfate is dominating the nickel sulfate market. The Metal content of EN grade nickel sulfate is 22% and the physical state is Blue. The technology used paints drier and widely used in the application of coating. The second dominating is plating grade nickel sulfate. The plating grade nickel sulfate is green with a metal content of 9%. Plating grade nickel sulfate is employed in electronics and magnets. By Application, Electroplating, Chemical industry, Battery, and Others. Electroplating is dominating in terms of application. Electroplating is the process of coating a metal with a thin layer of another metal by electrolysis to improve the resistance of the metal. Copper is a widely used metal in the plating of metals. Electroplating is used in jewelry making to cate base with gold or silver to make it more attractive and valuable for a longer period. Electroplating is saved metal surfaces from rusting and corrosion. Additionally, the coating of chromium on metal offers luster to the objects.Nickel Sulfate Market Regional Insights:
The Asia Pacific is dominating the Nickel sulfate market due to the rising demand of the new vehicle industry. China imported 5566 tons of Nickel sulfate in 2020. Up by 30.1pc on the year, according to customs data. December imports were 803t, down by 30.5pc from a year earlier because of delivery delays during the second wave of coronavirus infections outside of China. Firm demand from the NEV power battery industry, particularly for nickel-cobalt-manganese/nickel-cobalt-aluminum (NCM/NCA) batteries, was the main driver of China's higher nickel sulfate consumption. Consumers increased the use of imported material in the past year as domestic output was mostly committed to long-term contracts, leaving limited spot inventories at major producers. The objective of the report is to present a comprehensive analysis of the global Nickel Sulfate Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Nickel Sulfate Market dynamics, structure by analyzing the market segments and project the global Nickel Sulfate Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global Nickel Sulfate Market make the report investor’s guide.Nickel Sulfate Market Scope: Inquire before buying
Nickel Sulfate Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 3163.9 Mn. Forecast Period 2023 to 2029 CAGR: 15.2% Market Size in 2029: US $ 8519.0 Mn. Segments Covered: by Type • EN Grade • Plating Grade • High-purity Grade by Application • Electroplating • Chemical industry • Battery • Others Nickel Sulfate Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Nickel Sulfate Market Key Player
• Norilsk Nickel • Jilin Jien Nickel Industry • Umicore • Mechema • Outotec • Sumitomo Metal Mining Co., Ltd. (SMM) • Zenith • Nicomet • SEIDO CHEMICAL INDUSTRY CO., LTD. • Coremax • Jinchuan • Huaze Cobalt & Nickel • Jinco Nonferrous • Guangxi Yinyi • Green Eco-Manufacturer hem Frequently Asked Questions: 1. Which region has the largest share in Global Nickel Sulfate Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Nickel Sulfate Market? Ans: The Global Nickel Sulfate Market is growing at a CAGR of 15.2% during forecasting period 2023-2029. 3. What is scope of the Global Nickel Sulfate Market report? Ans: Global Nickel Sulfate Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Nickel Sulfate Market? Ans: The important key players in the Global Nickel Sulfate Market are – Norilsk Nickel, Jilin Jien Nickel Industry, Umicore, Mechema, Outotec, Sumitomo Metal Mining Co., Ltd. (SMM), Zenith, Nicomet, SEIDO CHEMICAL INDUSTRY CO., LTD., Coremax, Jinchuan, Huaze Cobalt & Nickel, Jinco Nonferrous, Guangxi Yinyi, Green Eco-Manufacturer hem 5. What is the study period of this Market? Ans: The Global Nickel Sulfate Market is studied from 2022 to 2029.
1. Nickel Sulfate Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Nickel Sulfate Market: Dynamics 2.1. Nickel Sulfate Market Trends by Region 2.1.1. North America Nickel Sulfate Market Trends 2.1.2. Europe Nickel Sulfate Market Trends 2.1.3. Asia Pacific Nickel Sulfate Market Trends 2.1.4. Middle East and Africa Nickel Sulfate Market Trends 2.1.5. South America Nickel Sulfate Market Trends 2.2. Nickel Sulfate Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Nickel Sulfate Market Drivers 2.2.1.2. North America Nickel Sulfate Market Restraints 2.2.1.3. North America Nickel Sulfate Market Opportunities 2.2.1.4. North America Nickel Sulfate Market Challenges 2.2.2. Europe 2.2.2.1. Europe Nickel Sulfate Market Drivers 2.2.2.2. Europe Nickel Sulfate Market Restraints 2.2.2.3. Europe Nickel Sulfate Market Opportunities 2.2.2.4. Europe Nickel Sulfate Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Nickel Sulfate Market Drivers 2.2.3.2. Asia Pacific Nickel Sulfate Market Restraints 2.2.3.3. Asia Pacific Nickel Sulfate Market Opportunities 2.2.3.4. Asia Pacific Nickel Sulfate Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Nickel Sulfate Market Drivers 2.2.4.2. Middle East and Africa Nickel Sulfate Market Restraints 2.2.4.3. Middle East and Africa Nickel Sulfate Market Opportunities 2.2.4.4. Middle East and Africa Nickel Sulfate Market Challenges 2.2.5. South America 2.2.5.1. South America Nickel Sulfate Market Drivers 2.2.5.2. South America Nickel Sulfate Market Restraints 2.2.5.3. South America Nickel Sulfate Market Opportunities 2.2.5.4. South America Nickel Sulfate Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Nickel Sulfate Industry 2.8. Analysis of Government Schemes and Initiatives For Nickel Sulfate Industry 2.9. Nickel Sulfate Market price trend Analysis (2021-22) 2.10. Nickel Sulfate Market Trade Analysis 2.10.1. Global Import Analysis 2.10.1.1. Top Importer of Nickel Sulfate 2.10.2. Global Export Analysis 2.10.2.1. Top Exporter of Nickel Sulfate 2.11. Nickel Sulfate Production Analysis 2.12. The Global Pandemic Impact on Nickel Sulfate Market 3. Nickel Sulfate Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value and Volume) 2022-2029 3.1. Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 3.1.1. EN Grade 3.1.2. Plating Grade 3.1.3. High-purity Grade 3.2. Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 3.2.1. Electroplating 3.2.2. Chemical industry 3.2.3. Battery 3.2.4. Others 3.3. Nickel Sulfate Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Nickel Sulfate Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 4.1. North America Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 4.1.1. EN Grade 4.1.2. Plating Grade 4.1.3. High-purity Grade 4.2. North America Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 4.2.1. Electroplating 4.2.2. Chemical industry 4.2.3. Battery 4.2.4. Others 4.3. North America Nickel Sulfate Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 4.3.1.1.1. EN Grade 4.3.1.1.2. Plating Grade 4.3.1.1.3. High-purity Grade 4.3.1.2. United States Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. Electroplating 4.3.1.2.2. Chemical industry 4.3.1.2.3. Battery 4.3.1.2.4. Others 4.3.2. Canada 4.3.2.1. Canada Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 4.3.2.1.1. EN Grade 4.3.2.1.2. Plating Grade 4.3.2.1.3. High-purity Grade 4.3.2.2. Canada Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. Electroplating 4.3.2.2.2. Chemical industry 4.3.2.2.3. Battery 4.3.2.2.4. Others 4.3.3. Mexico 4.3.3.1. Mexico Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 4.3.3.1.1. EN Grade 4.3.3.1.2. Plating Grade 4.3.3.1.3. High-purity Grade 4.3.3.2. Mexico Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. Electroplating 4.3.3.2.2. Chemical industry 4.3.3.2.3. Battery 4.3.3.2.4. Others 5. Europe Nickel Sulfate Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 5.1. Europe Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 5.2. Europe Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 5.3. Europe Nickel Sulfate Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 5.3.1.2. United Kingdom Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 5.3.2.2. France Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 5.3.3.2. Germany Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 5.3.4.2. Italy Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 5.3.5.2. Spain Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 5.3.6.2. Sweden Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 5.3.7.2. Austria Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 5.3.8.2. Rest of Europe Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Nickel Sulfate Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 6.1. Asia Pacific Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific Nickel Sulfate Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 6.3.1.2. China Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 6.3.2.2. S Korea Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 6.3.3.2. Japan Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 6.3.4.2. India Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 6.3.5.2. Australia Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 6.3.6.2. Indonesia Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 6.3.7.2. Malaysia Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 6.3.8.2. Vietnam Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 6.3.9.2. Taiwan Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 6.3.10.2. Rest of Asia Pacific Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Nickel Sulfate Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 7.1. Middle East and Africa Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa Nickel Sulfate Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 7.3.1.2. South Africa Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 7.3.2.2. GCC Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 7.3.3.2. Nigeria Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 7.3.4.2. Rest of ME&A Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 8. South America Nickel Sulfate Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 8.1. South America Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 8.2. South America Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 8.3. South America Nickel Sulfate Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 8.3.1.2. Brazil Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 8.3.2.2. Argentina Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Nickel Sulfate Market Size and Forecast, by Type (2022-2029) 8.3.3.2. Rest Of South America Nickel Sulfate Market Size and Forecast, by Application (2022-2029) 9. Global Nickel Sulfate Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Production of 2022 9.3.6. Company Locations 9.4. Leading Nickel Sulfate Market Companies, by market capitalization 9.5. Analysis of Organized and Unorganized Key Players in Nickel Sulfate Industry 9.6. Market Structure 9.6.1. Market Leaders 9.6.2. Market Followers 9.6.3. Emerging Players 9.7. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Norilsk Nickel 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Jilin Jien Nickel Industry 10.3. Umicore 10.4. Mechema 10.5. Outotec 10.6. Sumitomo Metal Mining Co., Ltd. (SMM) 10.7. Zenith 10.8. Nicomet 10.9. SEIDO CHEMICAL INDUSTRY CO., LTD. 10.10. Coremax 10.11. Jinchuan 10.12. Huaze Cobalt & Nickel 10.13. Jinco Nonferrous 10.14. Guangxi Yinyi 10.15. Green Eco-Manufacturer hem 11. Key Findings 12. Industry Recommendations 13. Nickel Sulfate Market: Research Methodology 14. Terms and Glossary