Market Overview:
The global nickel sulfate 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 sulfate from various applications, such as electroplating, chemical industry, and battery. In terms of type, EN grade is expected to hold a major share of the global nickel sulfate market during the forecast period. However, plating grade is projected to grow at a higher CAGR than other types during the forecast period. North America dominates the global nickel sulfate market and is expected to maintain its dominance throughout the forecast period.
Product Definition:
A salt of nickel that is used as a fertilizer, in electroplating, and in the production of other nickel compounds.
EN Grade:
Nickel sulfate is a chemical compound of nickel and sulfur. It has several industrial applications such as in the production of stainless steel, plastics, rubber products, and textile dyes. The demand for EN-grade nickel sulfate is expected to grow at a significant pace owing to its increasing application scope in end-use industries such as construction chemicals and automotive industry.
Plating Grade:
Plating grade is used as a base material for the coating of nickel sulfate. It is also known as copper/ bronze plate which has been coated with an alloy of nickel and copper. The major application of plating grade is in electroplating process which involves applying coatings on metal surfaces by using electric current.
Application Insights:
Electroplating application is projected to be the fastest-growing segment over the forecast period. Nickel sulfate is used in electroplating process as an electrolyte and a plating agent. It functions as an effective reducing agent, which reduces oxide film formation on the surface of metal during electrodeposition process. This property makes it suitable for use in various nickel based alloys that are used in electrical equipment such as wires, connectors and batteries.
The chemical industry accounted for a significant market share owing to its high demand from other applications such as battery manufacturing and electrorefining processes. Nickel sulfate is widely utilized in chemical industries due to its properties including low cost, ease of handling, availability and flexibility of supply making it ideal solution when compared with other minerals or chemicals used for similar purposes within the industry sector.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various end-use industries, such as automotive, electronics, and chemical. China is one of the largest producers of nickel sulfate globally owing to large reserves of raw materials within its territory.
The Asia Pacific was followed by Europe in terms of volume consumed in 2017 due to growing production activities across several countries including Russia, Spain, Turkey & Norway.
North America emerged as a significant consumer mainly because majority share owners are U.S.
Growth Factors:
- Increasing demand from battery and electroplating industries: Nickel sulfate is extensively used in the production of batteries and other electrochemical products. The increasing demand for these products is expected to drive the growth of the nickel sulfate market in the coming years.
- Growing popularity of nickel-based batteries: Nickel-based batteries are becoming increasingly popular due to their high performance and longer life cycle as compared to traditional lead acid or lithium ion batteries. This is likely to boost the demand for nickel sulfate in the near future.
- Rising awareness about environmental benefits of nickel-based batteries: There has been a growing awareness among consumers about the environmental benefits offered by nickel-based batteries over traditional lead acid or lithium ion based ones. This is likely to create a positive impact on the growth of global nickel sulfate market in coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Nickel Sulfate Market Research Report
By Type
EN Grade, Plating Grade, High-Purity Grade
By Application
Electroplating, Chemical Industry, Battery
By Companies
Norilsk Nickel, Umicore, Sumitomo Metal Mining Co., Ltd. (SMM), Mechema, Outotec, Nicomet, Coremax, Zenith, SEIDO CHEMICAL INDUSTRY CO., LTD., Jilin Jien Nickel Industry, Jinchuan, Green Eco-Manufacturer, Jinco Nonferrous, Huaze Cobalt & Nickel, Guangxi Yinyi
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Nickel Sulfate Market Report Segments:
The global Nickel Sulfate market is segmented on the basis of:
Types
EN Grade, Plating Grade, High-Purity 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
Electroplating, Chemical Industry, Battery
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
- Umicore
- Sumitomo Metal Mining Co., Ltd. (SMM)
- Mechema
- Outotec
- Nicomet
- Coremax
- Zenith
- SEIDO CHEMICAL INDUSTRY CO., LTD.
- Jilin Jien Nickel Industry
- Jinchuan
- Green Eco-Manufacturer
- Jinco Nonferrous
- Huaze Cobalt & Nickel
- Guangxi Yinyi
Highlights of The Nickel Sulfate 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:
- EN Grade
- Plating Grade
- High-Purity Grade
- By Application:
- Electroplating
- Chemical Industry
- Battery
- 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 Sulfate 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Nickel sulfate is a white crystalline powder that is used as a surfactant and disinfectant. It is also used in the production of nickel-cadmium batteries, among other applications.
Some of the major companies in the nickel sulfate market are Norilsk Nickel, Umicore, Sumitomo Metal Mining Co., Ltd. (SMM), Mechema, Outotec, Nicomet, Coremax, Zenith, SEIDO CHEMICAL INDUSTRY CO., LTD., Jilin Jien Nickel Industry, Jinchuan, Green Eco-Manufacturer, Jinco Nonferrous, Huaze Cobalt & Nickel, Guangxi Yinyi.
The nickel sulfate market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nickel Sulfate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Nickel Sulfate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Nickel Sulfate Market - Supply Chain
4.5. Global Nickel Sulfate Market Forecast
4.5.1. Nickel Sulfate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Nickel Sulfate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Nickel Sulfate Market Absolute $ Opportunity
5. Global Nickel Sulfate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Nickel Sulfate Market Size and Volume Forecast by Type
5.3.1. EN Grade
5.3.2. Plating Grade
5.3.3. High-Purity Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Nickel Sulfate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Nickel Sulfate Market Size and Volume Forecast by Application
6.3.1. Electroplating
6.3.2. Chemical Industry
6.3.3. Battery
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Nickel Sulfate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Nickel Sulfate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Nickel Sulfate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Nickel Sulfate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Nickel Sulfate Demand Share Forecast, 2019-2026
9. North America Nickel Sulfate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Nickel Sulfate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Nickel Sulfate Market Size and Volume Forecast by Application
9.4.1. Electroplating
9.4.2. Chemical Industry
9.4.3. Battery
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Nickel Sulfate Market Size and Volume Forecast by Type
9.7.1. EN Grade
9.7.2. Plating Grade
9.7.3. High-Purity Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Nickel Sulfate Demand Share Forecast, 2019-2026
10. Latin America Nickel Sulfate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Nickel Sulfate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Nickel Sulfate Market Size and Volume Forecast by Application
10.4.1. Electroplating
10.4.2. Chemical Industry
10.4.3. Battery
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Nickel Sulfate Market Size and Volume Forecast by Type
10.7.1. EN Grade
10.7.2. Plating Grade
10.7.3. High-Purity Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Nickel Sulfate Demand Share Forecast, 2019-2026
11. Europe Nickel Sulfate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Nickel Sulfate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Nickel Sulfate Market Size and Volume Forecast by Application
11.4.1. Electroplating
11.4.2. Chemical Industry
11.4.3. Battery
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Nickel Sulfate Market Size and Volume Forecast by Type
11.7.1. EN Grade
11.7.2. Plating Grade
11.7.3. High-Purity Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Nickel Sulfate Demand Share, 2019-2026
12. Asia Pacific Nickel Sulfate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Nickel Sulfate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Nickel Sulfate Market Size and Volume Forecast by Application
12.4.1. Electroplating
12.4.2. Chemical Industry
12.4.3. Battery
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Nickel Sulfate Market Size and Volume Forecast by Type
12.7.1. EN Grade
12.7.2. Plating Grade
12.7.3. High-Purity Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Nickel Sulfate Demand Share, 2019-2026
13. Middle East & Africa Nickel Sulfate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Nickel Sulfate Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Nickel Sulfate Market Size and Volume Forecast by Application
13.4.1. Electroplating
13.4.2. Chemical Industry
13.4.3. Battery
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Nickel Sulfate Market Size and Volume Forecast by Type
13.7.1. EN Grade
13.7.2. Plating Grade
13.7.3. High-Purity Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Nickel Sulfate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Nickel Sulfate Market: Market Share Analysis
14.2. Nickel Sulfate Distributors and Customers
14.3. Nickel Sulfate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Norilsk Nickel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Umicore
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sumitomo Metal Mining Co., Ltd. (SMM)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mechema
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Outotec
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nicomet
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Coremax
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zenith
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SEIDO CHEMICAL INDUSTRY CO., LTD.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Jilin Jien Nickel Industry
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jinchuan
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Green Eco-Manufacturer
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Jinco Nonferrous
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Huaze Cobalt & Nickel
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Guangxi Yinyi
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
