Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
| 2022 –2029 | |
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USD 851.20 Million |
| USD 1,398.19 Million | |
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Global High Purity Nickel Sulfate Market, By Forms (Anhydrous, Heptahydrate, Hexahydrate), Grade (EN grade, Plating Grade, High-purity Grade), Application (Battery, Electroplating, Chemicals Industry, Others) – Industry Trends and Forecast to 2029
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Market Analysis and Size
Nickel sulfate is a yellow, blue, green crystalline inorganic chemical that releases poisonous fumes when heated. It's employed in electroplating and a chemical intermediary in the production of other nickel compounds. Nickel sulfate is a byproduct of copper refining and occurs naturally as retgersite, a rare mineral. Paper clips, keys, enamel colours, and electrical wire are all made with nickel sulfate. Blue salt is another name for nickel sulfate hexahydrate. It can also be created by dissolving nickel metal or nickel oxides in sulfuric acid. According to market research, Increase the usage of nickel sulfate in battery and electroplating applications is an important factor expected to increase the growth of global nickel sulfate market during the forecast period.
Data Bridge Market Research analyses that the high purity nickel sulfate market was valued at USD 851.20 million in 2021 and is expected to reach USD 1398.19 million by 2029, registering a CAGR of 6.4% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Market Definition
Nickel sulfate has the chemical formula NiSO4 and is an inorganic substance. It has a blue colour and is readily soluble in any aqueous solution. Nickel sulfate is generally obtained as a byproduct of copper refining. Nickel sulfide and laterite ore are used to make nickel metal, mainly for the production of stainless steel and nickel sulfate, an essential ingredient in batteries that drive electric vehicles.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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By Forms (Anhydrous, Heptahydrate, Hexahydrate), Grade (EN grade, Plating Grade, High-purity Grade), Application (Battery, Electroplating, Chemicals Industry, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Umicore (Belgium), Norilsk Nickel (Russia), Sumitomo Metal Mining Co., Ltd.(Japan), Green Eco-Manufacturer (China), Jilin Jien Nickel Industry (China), Seido Chemical Industry Co., Ltd. (Japan), Jinco nonferrous metals co. Ltd. (China), Univertical (US), Nicomet (India), Zenith (Switzerland), Coremax corporation (China), Norilsk Nickel (Russia), Palm Commodities Inc. (US), Indian Platinum Pvt. Ltd. (India), Anron Chemicals Co. (India), Vizagchemical.com (India)
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Market Opportunities
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This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
The rising demand for electric vehicles is propelling advancements in automotive technology. The demand for materials required to make electric vehicle batteries is likely to rise as a result. Furthermore, the cost and long-term viability of technological advancements in battery manufacture will almost certainly lead to an increase in nickel utilisation.
High emission of CO2 through transportation results from increasing the use of electric vehicles. The change from gasoline-powered vehicles to electric vehicles decreases pollution levels, which is expected to reason for the growth of the nickel sulfate market. The emergence of nickel sulfate as a main constituent in the manufacturing of various batteries is expected to invite exponential growth for the global market.
In textile printing and dyeing, nickel sulfate is used as a mordant. Metal coatings, ceramics, and applications like blackening brass are all gaining popularity. MM Ceramics & Ferro Alloys, a metal supplier based in Mumbai, India, is increasing nickel sulfate output, which is widely used in electroplating metal finishing applications.
Properties of nickel sulfate for example, high solubility in any aqueous solutions and others are expected to substantial growth of the global market. Moreover, nickel sulfate in applications such as electroplating, medical, catalysts, dyeing and printing and ceramics other than batteries is expected to present an array of growth for the global market.
Opportunities
Due to the properties of nickel sulfate such as high solubility in any aqueous solutions and others are the reasons to lead to substantial growth of the global market. Furthermore, the uses of nickel sulfate other than batteries such as electroplating, dyeing and printing, medical, catalysts, and ceramics is expected to present an array of growth opportunities for the global market of high purity nickel sulfate.
In the nickel sulfate market, companies are looking for merger and acquisition (M&A) opportunities to enhanced growth and attain competitive price structures during the corona virus crisis.
Restraints/ Challenges
However, the high purity nickel sulfate market's growth pace will be hampered by its health hazard qualities. The substance's chronic diseases and health risks when handled and processed without precautions put the market's growth pace in jeopardy. The lack of handle support in high purity nickel sulfate is one of the most significant market barriers that will slow the market's growth pace.
This high purity nickel sulfate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the high purity nickel sulfate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Most industries over the world have been negatively impacted over the last period. This is due to major disruptions in their production and supply chain activities, as well as other restrictions imposed by governments around the world. The global Nickel Sulfate market is no exception. Moreover, customer requirement has also subsequently decreased as individuals are now keener on removing non-essential expenses from their respective budgets. The over-all financial status of most individuals has been affected in many ways by this outbreak. However, as respective governing authorities start to lift these enforced lockdowns, the global Nickel Sulfate market is expected to recover accordingly.
The high purity nickel sulfate market is segmented on the basis of form, grade and applications. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Form
Grade
Application
The high purity nickel sulfate market is analyzed and market size insights and trends are provided by country, form, grade and application as referenced above.
The countries covered in the high purity nickel sulfate market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the high purity nickel sulfate market during the forecast period. This is due to the increasing demand for nickel sulfate from the automotive sector which contributes to the growth of the high purity nickel sulfate market in this region. The Asia-Pacific region dominates high purity nickel sulfate market, with China leading the way in terms of production and consumption high purity nickel sulfate. China is leading the Asia-Pacific market.
North America is estimated to be the fastest developing region during the projected period due to the rising demand for high purity nickel sulfate in the automotive sector.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The high purity nickel sulfate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to high purity nickel sulfate market.
Some of the major players operating in the high purity nickel sulfate market are:
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1. INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL HIGH PURITY NICKEL SULFATE MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2. MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL HIGH PURITY NICKEL SULFATE MARKET SIZE
2.3 VENDOR POSITIONING GRID
2.4 MARKETS COVERED
2.5 GEOGRAPHIC SCOPE
2.6 YEARS CONSIDERED FOR THE STUDY
2.7 RESEARCH METHODOLOGY
2.8 TECHNOLOGY LIFE LINE CURVE
2.9 MULTIVARIATE MODELLING
2.10 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.11 DBMR MARKET POSITION GRID
2.12 MARKET APPLICATION COVERAGE GRID
2.13 DBMR MARKET CHALLENGE MATRIX
2.14 IMPORT/EXPORT DATA
2.15 SECONDARY SOURCES
2.16 GLOBAL HIGH PURITY NICKEL SULFATE MARKET: RESEARCH SNAPSHOT
2.17 ASSUMPTIONS
3. MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4. EXECUTIVE SUMMARY
5. PREMIUM INSIGHTS
5.1 TECHNOLOGIES OVERVIEW AND VALUE CHAINS ANALYSIS
5.2 PRODUCTION CAPACITY BY MANUFACTURES
5.3 PRODUCTION CONSUMPTIONS ANALYSIS
5.4 MANUFACTURING COST SCENARIO AND FUTURE IMPACT
5.5 IMPORT-EXPORT SCENARIO
5.6 CRITICAL SELECTION CRITERIA FOR BUSINESS DECISION.
5.7 VENDOR SELECTION
5.8 RECENT DEVELOPMENT
5.9 MANUFACTURING PROCESS
5.10 PORTER’S FIVE FORCES
5.11 PESTLE ANALYSIS
5.12 REGULATION COVERAGE
6. SUPPLY CHAIN ANALYSIS
6.1 OVERVIEW
6.2 LOGISTIC COST SCENARIO
6.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS
7. GLOBAL HIGH PURITY NICKEL SULFATE MARKET, BY FORM , 2020 -2029 (USD MILLION)
7.1 OVERVIEW
7.2 ANHYDROUS
7.3 HEPTAHYDRATE
7.4 HEXAHYDRATE
8. GLOBAL HIGH PURITY NICKEL SULFATE MARKET, BY GRADE, 2020 -2029 (USD MILLION)
8.1 OVERVIEW
8.2 EN GRADE
8.3 PLATING GRADE
8.4 HIGH-PURITY GRADE
9. GLOBAL HIGH PURITY NICKEL SULFATE MARKET, BY APPLICATION, 2020 -2029 (USD MILLION), (TONS)
9.1 OVERVIEW
9.2 BATTERY
9.3 ELECTROPLATING
9.4 CHEMICALS INDUSTRY
9.5 OTHERS
10. GLOBAL HIGH PURITY NICKEL SULFATE MARKET, BY GEOGRAPHY , 2020 -2029 (USD MILLION)
10.1 GLOBAL HIGH PURITY NICKEL SULFATE MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
10.2 NORTH AMERICA
10.2.1 U.S.
10.2.2 CANADA
10.2.3 MEXICO
10.3 EUROPE
10.3.1 GERMANY
10.3.2 U.K.
10.3.3 ITALY
10.3.4 FRANCE
10.3.5 SPAIN
10.3.6 RUSSIA
10.3.7 SWITZERLAND
10.3.8 TURKEY
10.3.9 BELGIUM
10.3.10 NETHERLANDS
10.3.11 LUXEMBURG
10.3.12 REST OF EUROPE
10.4 ASIA-PACIFIC
10.4.1 JAPAN
10.4.2 CHINA
10.4.3 SOUTH KOREA
10.4.4 INDIA
10.4.5 SINGAPORE
10.4.6 THAILAND
10.4.7 INDONESIA
10.4.8 MALAYSIA
10.4.9 PHILIPPINES
10.4.10 AUSTRALIA & NEW ZEALAND
10.4.11 REST OF ASIA-PACIFIC
10.5 SOUTH AMERICA
10.5.1 BRAZIL
10.5.2 ARGENTINA
10.5.3 REST OF SOUTH AMERICA
10.6 MIDDLE EAST AND AFRICA
10.6.1 SOUTH AFRICA
10.6.2 EGYPT
10.6.3 SAUDI ARABIA
10.6.4 UNITED ARAB EMIRATES
10.6.5 ISRAEL
10.6.6 REST OF MIDDLE EAST AND AMERICA
11. GLOBAL HIGH PURITY NICKEL SULFATE MARKET, COMPANY LANDSCAPE
11.1 COMPANY SHARE ANALYSIS: GLOBAL
11.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
11.3 COMPANY SHARE ANALYSIS: EUROPE
11.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC
11.5 MERGERS AND ACQUISITIONS
11.6 NEW PRODUCT DEVELOPMENT AND APPROVALS
11.7 EXPANSIONS
11.8 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
12. SWOT AND DATA BRIDGE MARKET RESEARCH ANALYSIS
13. GLOBAL HIGH PURITY NICKEL SULFATE MARKET- COMPANY PROFILE
13.1 UMICORE
13.1.1 COMPANY SNAPSHOT
13.1.2 REVENUE ANALYSIS
13.1.3 PRODUCT PORTFOLIO
13.1.4 RECENT UPDATES
13.2 NORILSK NICKEL
13.2.1 COMPANY SNAPSHOT
13.2.2 REVENUE ANALYSIS
13.2.3 PRODUCT PORTFOLIO
13.2.4 RECENT UPDATES
13.3 SUMITOMO METAL MINING CO., LTD.
13.3.1 COMPANY SNAPSHOT
13.3.2 REVENUE ANALYSIS
13.3.3 PRODUCT PORTFOLIO
13.3.4 RECENT UPDATES
13.4 GREEN ECO-MANUFACTURER
13.4.1 COMPANY SNAPSHOT
13.4.2 REVENUE ANALYSIS
13.4.3 PRODUCT PORTFOLIO
13.4.4 RECENT UPDATES
13.5 JILIN JIEN NICKEL INDUSTRY
13.5.1 COMPANY SNAPSHOT
13.5.2 REVENUE ANALYSIS
13.5.3 PRODUCT PORTFOLIO
13.5.4 RECENT UPDATES
13.6 SEIDO CHEMICAL INDUSTRY CO., LTD.
13.6.1 COMPANY SNAPSHOT
13.6.2 REVENUE ANALYSIS
13.6.3 PRODUCT PORTFOLIO
13.6.4 RECENT UPDATES
13.7 JINCO NONFERROUS METALS CO. LTD.
13.7.1 COMPANY SNAPSHOT
13.7.2 REVENUE ANALYSIS
13.7.3 PRODUCT PORTFOLIO
13.7.4 RECENT UPDATES
13.8 UNIVERTICAL
13.8.1 COMPANY SNAPSHOT
13.8.2 REVENUE ANALYSIS
13.8.3 PRODUCT PORTFOLIO
13.8.4 RECENT UPDATES
13.9 NICOMET
13.9.1 COMPANY SNAPSHOT
13.9.2 REVENUE ANALYSIS
13.9.3 PRODUCT PORTFOLIO
13.9.4 RECENT UPDATES
13.10 ZENITH
13.10.1 COMPANY SNAPSHOT
13.10.2 REVENUE ANALYSIS
13.10.3 PRODUCT PORTFOLIO
13.10.4 RECENT UPDATES
13.11 COREMAX CORPORATION
13.11.1 COMPANY SNAPSHOT
13.11.2 REVENUE ANALYSIS
13.11.3 PRODUCT PORTFOLIO
13.11.4 RECENT UPDATES
13.12 NORILSK NICKEL
13.12.1 COMPANY SNAPSHOT
13.12.2 REVENUE ANALYSIS
13.12.3 PRODUCT PORTFOLIO
13.12.4 RECENT UPDATES
13.13 PALM COMMODITIES INC.
13.13.1 COMPANY SNAPSHOT
13.13.2 REVENUE ANALYSIS
13.13.3 PRODUCT PORTFOLIO
13.13.4 RECENT UPDATES
13.14 INDIAN PLATINUM PVT. LTD.
13.14.1 COMPANY SNAPSHOT
13.14.2 REVENUE ANALYSIS
13.14.3 PRODUCT PORTFOLIO
13.14.4 RECENT UPDATES
13.15 ANRON CHEMICALS CO.
13.15.1 COMPANY SNAPSHOT
13.15.2 REVENUE ANALYSIS
13.15.3 PRODUCT PORTFOLIO
13.15.4 RECENT UPDATES
13.16 VIZAG CHEMICAL
13.16.1 COMPANY SNAPSHOT
13.16.2 REVENUE ANALYSIS
13.16.3 PRODUCT PORTFOLIO
13.16.4 RECENT UPDATES
*NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST
14. RELATED REPORTS
15. QUESTIONNAIRE
16. CONCLUSION
17. ABOUT DATA BRIDGE MARKET RESEARCH
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global High Purity Nickel Sulfate Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global High Purity Nickel Sulfate Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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