Market Overview:
The global nickel nitrate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for nickel nitrate in various applications such as nickel plating, nickel catalysts, ceramic color and others. In terms of type, the market is segmented into technical grade and battery grade. The technical grade segment is expected to hold a larger share of the market during the forecast period owing to its widespread use in various applications.
Product Definition:
Nickel nitrate is a salt of nickel and nitric acid. It is used in the manufacture of dyes, pigments, and other chemicals.
Technical Grade:
Nickel nitrate is a chemical compound, which has a triple bond between the nitrogen and the carbon. It's an inorganic compound and also found in nature as ochreous base (Feldspar). The chemical formula of nickel nitrate is (NH3)2NO4. It usually exists in crystalline form with white color.
Battery Grade:
Battery grade is a material that is used in the manufacturing of explosives. It consists of nitric acid, sulfuric acid, and potassium carbonate. The three components are mixed together to produce battery grade. Battery grade has several uses in the nickel nitrate market such as it can be used for heat treatment process or as an intermediate product during the manufacture of fertilizers and other products which require high purity (99%) pure base powder.
Application Insights:
The nickel nitrate application segment is segregated as nickel plating, nickel catalysts, ceramic color and others. Nickel plating was the largest application segment in 2017 and is expected to grow at a CAGR of XX% over the forecast period owing to its increasing use in automotive industry for aesthetic purposes only. Nickel catalysts are anticipated to be the fastest growing application segment over the next six years owing to their rising demand from various industries such as oil & gas, construction materials and pharmaceuticals across all regions including North America, Europe, Asia Pacific and Middle East & Africa.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of the region can be attributed to rising product demand from end-use industries such as automotive, electronics, construction and battery sector. China is projected to remain a key consumer owing to increasing production levels of automobiles in that country.
The European market for nickel nitrate was valued at USD X million in 2017 and is anticipated to witness steady growth over the forecast period owing high consumption levels of technical grade products for producing batteries. Germany accounted for a major share within Europe due to growing automobile sales across that region coupled with increased spending on defense equipment by NATO countries such as France, Belgium and Poland among others will have a positive impact on industry growth over the coming years.
Growth Factors:
- Increasing demand from the battery and electronics industries
- Growing use in agriculture as a fertilizer
- Rising demand for nickel in the production of stainless steel
- Increased use in medical applications
- Growing popularity of nickel-based alloys
Scope Of The Report
Report Attributes
Report Details
Report Title
Nickel Nitrate Market Research Report
By Type
Technical Grade, Battery Grade
By Application
Nickel Plating, Nickel Catalysts, Ceramic Color, Other
By Companies
UMAI CHEMICAL, The Shepherd Chemical Company, Zhangjiagang Huayi Chemical, Yunli Chemical, UMAI 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
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Nickel Nitrate Market Report Segments:
The global Nickel Nitrate market is segmented on the basis of:
Types
Technical Grade, Battery Grade
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
Nickel Plating, Nickel Catalysts, Ceramic Color, 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:
- UMAI CHEMICAL
- The Shepherd Chemical Company
- Zhangjiagang Huayi Chemical
- Yunli Chemical
- UMAI CHEMICAL
Highlights of The Nickel Nitrate 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:
- Technical Grade
- Battery Grade
- By Application:
- Nickel Plating
- Nickel Catalysts
- Ceramic Color
- 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 Nitrate 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 nitrate is a chemical compound with the formula Ni(NO3)2. It is a white solid that is soluble in water and most other organic solvents. Nickel nitrate can be used as an oxidizer in explosives or as a propellant for firearms.
Some of the major companies in the nickel nitrate market are UMAI CHEMICAL, The Shepherd Chemical Company, Zhangjiagang Huayi Chemical, Yunli Chemical, UMAI CHEMICAL.
The nickel nitrate 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 Nitrate 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 Nitrate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nickel Nitrate 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 Nitrate 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 Nitrate Market Size & Forecast, 2020-2028
4.5.1 Nickel Nitrate Market Size and Y-o-Y Growth
4.5.2 Nickel Nitrate 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 Technical Grade
5.2.2 Battery Grade
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 Nickel Plating
6.2.2 Nickel Catalysts
6.2.3 Ceramic Color
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nickel Nitrate 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 Nitrate 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 Technical Grade
9.6.2 Battery Grade
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 Nickel Plating
9.10.2 Nickel Catalysts
9.10.3 Ceramic Color
9.10.4 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 Technical Grade
10.6.2 Battery Grade
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 Nickel Plating
10.10.2 Nickel Catalysts
10.10.3 Ceramic Color
10.10.4 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 Technical Grade
11.6.2 Battery Grade
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 Nickel Plating
11.10.2 Nickel Catalysts
11.10.3 Ceramic Color
11.10.4 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 Technical Grade
12.6.2 Battery Grade
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 Nickel Plating
12.10.2 Nickel Catalysts
12.10.3 Ceramic Color
12.10.4 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 Technical Grade
13.6.2 Battery Grade
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 Nickel Plating
13.10.2 Nickel Catalysts
13.10.3 Ceramic Color
13.10.4 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 Nitrate Market: Competitive Dashboard
14.2 Global Nickel Nitrate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 UMAI CHEMICAL
14.3.2 The Shepherd Chemical Company
14.3.3 Zhangjiagang Huayi Chemical
14.3.4 Yunli Chemical
14.3.5 UMAI CHEMICAL
