Market Overview:
The global nickel hydroxycarbonate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for nickel hydroxycarbonate from various applications, such as petroleum processing, electroplating, and other applications. In terms of type, the 40～42% Ni segment is expected to hold the largest share of the global nickel hydroxycarbonate market during the forecast period. This can be attributed to its high purity and superior performance in various end-use industries.
Product Definition:
Nickel Hydroxycarbonate is a compound of nickel and carbonates. It has been found to be an important component in the electrochemical industry, where it is used as a catalyst for various reactions.
40～42% Ni:
40% Nickel, 42% hydrogencarbonate is a chemical compound. It's main ingredient is nickel and it has 42% hydrogen carbonate as a by-product. This chemical formula shows that the proportion of nickel to hydrogencarbonate in this composition is approximately 0.0025 (20%) by weight or volume.
45～47% Ni:
Nickel (Ni) is an alloy of nickel and iron. Nickel has various applications in industries such as construction, automotive, electronics, chemical processing and medical. Ni is used to manufacture stainless steel; a widely used type of metal that offers corrosion resistance & high strength along with durability & flexibility. Stainless steel finds its application in kitchen appliances such as cookware; building & construction equipment; automobiles including diesel engines and transportation components among others.
Application Insights:
Electrolytic nickel was the largest application segment in 2017 and accounted for a market share of over 35% in terms of revenue. Nickel based electrolytes are used across various industries including power, energy, and automotive to name a few. They are also used as an additive in the manufacturing of batteries which is expected to drive product demand over the forecast period.
The other applications include Ni(OH)2¢â‚¬â€œbased ceramics, carbonates, sulfates & peroxides among others. Nickel hydroxide based products have high chemical stability making them suitable for use in various industrial processes such as sulfuric acid production wherein they act as catalysts along with titanium dioxide (TiO2). The growing electrochemical industry across all regions coupled with increasing nickel prices is expected to boost product demand from this segment during the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The region is anticipated to expand at a CAGR of XX% from 2018 to 2030 owing to increasing industrialization, rising population, and rapid urbanization & infrastructure development. In addition, growing automotive industry in developing economies including China and India are likely to drive demand for NiHCO3 over the coming years.
The European market was valued at USD X million in 2017 and is projected to grow significantly over the forecast period owing its high application scope as an electroplating solution due Ni content which makes it suitable for use as a reducing agent along with being used as an oxidizing agent in various industries such as steel manufacturing, petrochemical refining & production of plastics & resins etc.; hence driving demand across end-use industries such as construction; automotive; aerospace; electronics among others thus propelling regional growth over the coming years.
Growth Factors:
- Increasing demand from the battery and automotive industries as a result of the growing popularity of electric vehicles
- Rising demand for nickel in the production of stainless steel
- Growing use of nickel in medical implants and other biomedical applications
- Increased investment in mining and refining capacity, especially in Asia Pacific, to meet rising global demand for nickel
- Technological advancements that could lead to increased use of nickel hydroxycarbonate in various industrial applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Nickel Hydroxycarbonate Market Research Report
By Type
40～42% Ni, 45～47% Ni, 48～50% Ni
By Application
Petroleum Processing, Electroplating, Other
By Companies
Eramet, Umicore, GEM, Guangdong Guanghua Sci-Tech, Chaochuan Chemical
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Nickel Hydroxycarbonate Market Report Segments:
The global Nickel Hydroxycarbonate market is segmented on the basis of:
Types
40～42% Ni, 45～47% Ni, 48～50% Ni
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
Petroleum Processing, Electroplating, Other
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:
- Eramet
- Umicore
- GEM
- Guangdong Guanghua Sci-Tech
- Chaochuan Chemical
Highlights of The Nickel Hydroxycarbonate 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:
- 40～42% Ni
- 45～47% Ni
- 48～50% Ni
- By Application:
- Petroleum Processing
- Electroplating
- Other
- 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 Nickel Hydroxycarbonate 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Nickel hydroxycarbonate is a white, odorless solid that is used as an additive in plastics and other materials. It helps to make the material more flexible and resistant to heat and water.
Some of the key players operating in the nickel hydroxycarbonate market are Eramet, Umicore, GEM, Guangdong Guanghua Sci-Tech, Chaochuan Chemical.
The nickel hydroxycarbonate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nickel Hydroxycarbonate 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 Nickel Hydroxycarbonate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nickel Hydroxycarbonate 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 Nickel Hydroxycarbonate 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 Nickel Hydroxycarbonate Market Size & Forecast, 2020-2028
4.5.1 Nickel Hydroxycarbonate Market Size and Y-o-Y Growth
4.5.2 Nickel Hydroxycarbonate Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 40～42% Ni
5.2.2 45～47% Ni
5.2.3 48～50% Ni
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Petroleum Processing
6.2.2 Electroplating
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nickel Hydroxycarbonate 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 Nickel Hydroxycarbonate 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 40～42% Ni
9.6.2 45～47% Ni
9.6.3 48～50% Ni
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 Market Size Forecast by Applications
9.10.1 Petroleum Processing
9.10.2 Electroplating
9.10.3 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 40～42% Ni
10.6.2 45～47% Ni
10.6.3 48～50% Ni
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 Market Size Forecast by Applications
10.10.1 Petroleum Processing
10.10.2 Electroplating
10.10.3 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 40～42% Ni
11.6.2 45～47% Ni
11.6.3 48～50% Ni
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 Market Size Forecast by Applications
11.10.1 Petroleum Processing
11.10.2 Electroplating
11.10.3 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 40～42% Ni
12.6.2 45～47% Ni
12.6.3 48～50% Ni
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 Market Size Forecast by Applications
12.10.1 Petroleum Processing
12.10.2 Electroplating
12.10.3 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 40～42% Ni
13.6.2 45～47% Ni
13.6.3 48～50% Ni
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) Market Size Forecast by Applications
13.10.1 Petroleum Processing
13.10.2 Electroplating
13.10.3 Other
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 Nickel Hydroxycarbonate Market: Competitive Dashboard
14.2 Global Nickel Hydroxycarbonate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eramet
14.3.2 Umicore
14.3.3 GEM
14.3.4 Guangdong Guanghua Sci-Tech
14.3.5 Chaochuan Chemical
