Market Overview:
The global battery grade nickel hydroxide market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and batteries across the globe. In addition, the growing electronics industry is also contributing to the growth of this market. The global battery grade nickel hydroxide market can be segmented on the basis of type and application. On the basis of type, it can be divided into common nickel hydroxide and spherical nickel hydroxide. The common nickel hydroxide segment is expected to hold a larger share in terms of revenue in 2018 owing to its low cost as compared with spherical nickel hydroxide. On basis if application, it can be classified into automobile industry, electronics industry and others segments . Among these applications , automotive sector dominated Global Battery Grade Nickel Hydrogen Market by holding largest share in 2017 .
Product Definition:
Nickel hydroxide is a chemical compound with the formula Ni(OH)2. It is an important component of nickel-cadmium and nickel-metal-hydride batteries.
Common Nickel Hydroxid:
Nickel Hydroxide is a chemical compound of nickel and hydrogen. It has been used in battery grade applications for many years, but with recent technological advancements it can also be used as an additive to fuel cells. Battery grade nickel hydroxide is the purest form available commercially and has no additives or fillers added to it.
Spherical Nickel Hydroxid:
Nickel hydroxide is a chemical compound of nickel and hydrogen. It has applications in batteries, stainless steel, superalloys, and glass. Battery grade nickel hydroxid (NG Ni(OH)2) is the most commonly used product in battery electrodes owing to its ability to enhance the overall performance of a battery by increasing its capacity as well as life span.
The global demand for NG Ni(OH)2 was estimated at 568 tons in 2016.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Nickel hydroxide based batteries are used for various applications in automobiles, such as starting, lighting and ignition (SLI), traction control, power steering, air conditioner compressor motor drive unit and fuel pump. The expansion of automotive OEMs across the globe coupled with rising sales of electric vehicles is anticipated to have a positive impact on nickel hydroxide market growth over the forecast period.
Electronics industry accounted for 10% share of global volume in 2017 owing to increasing demand from consumer electronics products like smartphones and laptops coupled with growing use in industrial applications like UPS systems that require high discharge currents.
Regional Analysis:
Asia Pacific was the largest market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing a growing demand for Ni-MH batteries due to rising disposable income, expanding automobile industry, and increasing adoption of electric vehicles. China is one of the major producers as well as consumers of battery grade nickel hydroxide owing to presence of large scale manufacturers such as Tianjin Lishen Battery Co., Ltd., Jinhua Electric Vehicle Co., Ltd. and others based in that country.
North America accounted for a significant share in global market on account of high demand from end-use industries such as automotive, consumer electronics etc. Growing production facilities along with increasing investments by key players are anticipated to boost regional growth over the forecast period However; Middle East & Africa (MEA) is projected to register fastest CAGR during the forecast years due to rapid development witnessed by various countries including UAE, Saudi Arabia etc.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for battery grade nickel hydroxide, as it is used in the manufacturing of lithium-ion batteries.
- Growing investments in renewable energy: Governments and private investors are increasingly investing in renewable energy sources such as solar and wind power. This will lead to an increase in the demand for battery grade nickel hydroxide, as it is used in the manufacturing of rechargeable batteries.
- Rising disposable income levels: The rising disposable income levels across emerging economies are leading to an increase in consumer spending on electrical appliances and gadgets such as smartphones and laptops. This will result in an increased demand for battery grade nickel hydroxide, which is used extensivelyin these devices .
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Grade Nickel Hydroxide Market Research Report
By Type
Common Nickel Hydroxid, Spherical Nickel Hydroxid
By Application
Automobile Industry, Electronics Industry, Others
By Companies
Norilsk Nickel Group, Umicore, Sumitomo Metal Mining Co., Ltd, American Elements, Supraveni Chemicals, Tanaka Chemical Corporation, Henan Kelong New Energy Co., Ltd, Jilin Jien Nickel Industry Co., LTD, ALT Cobalt & Nickel Products (Dalian) Co., Ltd, Jiangmen Chancsun Umicore Industry Co.,Ltd, Jilin Yarong Technology, Jinchuan Group, Yantai Cash Industrial Co., Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Battery Grade Nickel Hydroxide Market Report Segments:
The global Battery Grade Nickel Hydroxide market is segmented on the basis of:
Types
Common Nickel Hydroxid, Spherical Nickel Hydroxid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile Industry, Electronics Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Norilsk Nickel Group
- Umicore
- Sumitomo Metal Mining Co., Ltd
- American Elements
- Supraveni Chemicals
- Tanaka Chemical Corporation
- Henan Kelong New Energy Co., Ltd
- Jilin Jien Nickel Industry Co., LTD
- ALT Cobalt & Nickel Products (Dalian) Co., Ltd
- Jiangmen Chancsun Umicore Industry Co.,Ltd
- Jilin Yarong Technology
- Jinchuan Group
- Yantai Cash Industrial Co., Ltd
Highlights of The Battery Grade Nickel Hydroxide Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Common Nickel Hydroxid
- Spherical Nickel Hydroxid
- By Application:
- Automobile Industry
- Electronics Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Battery Grade Nickel Hydroxide Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Battery grade nickel hydroxide is a type of nickel-based battery material that is used in batteries and other electronic devices. It has a higher capacity than standard nickel-hydrogen batteries, and it can be more easily recycled.
Some of the major players in the battery grade nickel hydroxide market are Norilsk Nickel Group, Umicore, Sumitomo Metal Mining Co., Ltd, American Elements, Supraveni Chemicals, Tanaka Chemical Corporation, Henan Kelong New Energy Co., Ltd, Jilin Jien Nickel Industry Co., LTD, ALT Cobalt & Nickel Products (Dalian) Co., Ltd, Jiangmen Chancsun Umicore Industry Co.,Ltd, Jilin Yarong Technology, Jinchuan Group, Yantai Cash Industrial Co., Ltd.
The battery grade nickel hydroxide market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery Grade Nickel Hydroxide Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Battery Grade Nickel Hydroxide Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery Grade Nickel Hydroxide Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Battery Grade Nickel Hydroxide Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Battery Grade Nickel Hydroxide Market Size & Forecast, 2018-2028
4.5.1 Battery Grade Nickel Hydroxide Market Size and Y-o-Y Growth
4.5.2 Battery Grade Nickel Hydroxide Market Absolute $ Opportunity
Chapter 5 Global Battery Grade Nickel Hydroxide Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Battery Grade Nickel Hydroxide Market Size Forecast by Type
5.2.1 Common Nickel Hydroxid
5.2.2 Spherical Nickel Hydroxid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Battery Grade Nickel Hydroxide Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Battery Grade Nickel Hydroxide Market Size Forecast by Applications
6.2.1 Automobile Industry
6.2.2 Electronics Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery Grade Nickel Hydroxide Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Battery Grade Nickel Hydroxide Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Battery Grade Nickel Hydroxide Analysis and Forecast
9.1 Introduction
9.2 North America Battery Grade Nickel Hydroxide Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Battery Grade Nickel Hydroxide Market Size Forecast by Type
9.6.1 Common Nickel Hydroxid
9.6.2 Spherical Nickel Hydroxid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Battery Grade Nickel Hydroxide Market Size Forecast by Applications
9.10.1 Automobile Industry
9.10.2 Electronics Industry
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Battery Grade Nickel Hydroxide Analysis and Forecast
10.1 Introduction
10.2 Europe Battery Grade Nickel Hydroxide Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Battery Grade Nickel Hydroxide Market Size Forecast by Type
10.6.1 Common Nickel Hydroxid
10.6.2 Spherical Nickel Hydroxid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Battery Grade Nickel Hydroxide Market Size Forecast by Applications
10.10.1 Automobile Industry
10.10.2 Electronics Industry
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Battery Grade Nickel Hydroxide Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Battery Grade Nickel Hydroxide Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Battery Grade Nickel Hydroxide Market Size Forecast by Type
11.6.1 Common Nickel Hydroxid
11.6.2 Spherical Nickel Hydroxid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Battery Grade Nickel Hydroxide Market Size Forecast by Applications
11.10.1 Automobile Industry
11.10.2 Electronics Industry
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Battery Grade Nickel Hydroxide Analysis and Forecast
12.1 Introduction
12.2 Latin America Battery Grade Nickel Hydroxide Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Battery Grade Nickel Hydroxide Market Size Forecast by Type
12.6.1 Common Nickel Hydroxid
12.6.2 Spherical Nickel Hydroxid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Battery Grade Nickel Hydroxide Market Size Forecast by Applications
12.10.1 Automobile Industry
12.10.2 Electronics Industry
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Battery Grade Nickel Hydroxide Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Battery Grade Nickel Hydroxide Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Battery Grade Nickel Hydroxide Market Size Forecast by Type
13.6.1 Common Nickel Hydroxid
13.6.2 Spherical Nickel Hydroxid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Battery Grade Nickel Hydroxide Market Size Forecast by Applications
13.10.1 Automobile Industry
13.10.2 Electronics Industry
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Battery Grade Nickel Hydroxide Market: Competitive Dashboard
14.2 Global Battery Grade Nickel Hydroxide Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Norilsk Nickel Group
14.3.2 Umicore
14.3.3 Sumitomo Metal Mining Co., Ltd
14.3.4 American Elements
14.3.5 Supraveni Chemicals
14.3.6 Tanaka Chemical Corporation
14.3.7 Henan Kelong New Energy Co., Ltd
14.3.8 Jilin Jien Nickel Industry Co., LTD
14.3.9 ALT Cobalt & Nickel Products (Dalian) Co., Ltd
14.3.10 Jiangmen Chancsun Umicore Industry Co.,Ltd
14.3.11 Jilin Yarong Technology
14.3.12 Jinchuan Group
14.3.13 Yantai Cash Industrial Co., Ltd
