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. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Nickel Sulfate Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Nickel Sulfate Market 3.4. Geographical Snapshot of the Nickel Sulfate Market, By Manufacturer share 4. Global Nickel Sulfate Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Grades 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Nickel Sulfate Market 5. Supply Side and Demand Side Indicators 6. Global Nickel Sulfate Market Analysis and Forecast, 2022-2029 6.1. Global Nickel Sulfate Market Size & Y-o-Y Growth Analysis. 7. Global Nickel Sulfate Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. EN Grade 7.1.2. Plating Grade 7.1.3. High-purity Grade 7.2. Other Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Electroplating 7.2.2. Chemical industry 7.2.3. Battery 7.2.4. Others 8. Global Nickel Sulfate Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Nickel Sulfate Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. EN Grade 9.1.2. Plating Grade 9.1.3. High-purity Grade 9.2. Other Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Electroplating 9.2.2. Chemical industry 9.2.3. Battery 9.2.4. Others 10. North America Nickel Sulfate Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Nickel Sulfate Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Nickel Sulfate Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Nickel Sulfate Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Nickel Sulfate Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Nickel Sulfate Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K Nickel Sulfate Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Nickel Sulfate Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Nickel Sulfate Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Nickel Sulfate Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Nickel Sulfate Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Nickel Sulfate Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Nickel Sulfate Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Nickel Sulfate Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Nickel Sulfate Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Nickel Sulfate Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Nickel Sulfate Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Nickel Sulfate Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Nickel Sulfate Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Nickel Sulfate Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Nickel Sulfate Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Nickel Sulfate Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Nickel Sulfate Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Nickel Sulfate Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Nickel Sulfate Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Nickel Sulfate Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Nickel Sulfate Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Textile Reinforced Concrete e Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Nickel Sulfate Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Nickel Sulfate Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Nickel Sulfate Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Nickel Sulfate Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Nickel Sulfate Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Nickel Sulfate Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Nickel Sulfate Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Nickel Sulfate Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Grades and R&D Investment 45.2.2. New Grade Launches and Grade Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Green Eco-Manufacturer hem 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Grade Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Development 45.3.2. Norilsk Nickel 45.3.3. Jilin Jien Nickel Industry 45.3.4. Umicore 45.3.5. Mechema 45.3.6. Outotec 45.3.7. Sumitomo Metal Mining Co., Ltd. (SMM) 45.3.8. Zenith 45.3.9. Nicomet 45.3.10. SEIDO CHEMICAL INDUSTRY CO., LTD. 45.3.11. Coremax 45.3.12. Jinchuan 45.3.13. Huaze Cobalt & Nickel 45.3.14. Jinco Nonferrous 45.3.15. Guangxi Yinyi 46. Primary Key Insights