The global Nickel Sulfate market gathered revenue around USD 8.1 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 14.0% during the prediction period 2021 to 2027.
Growth Factors:
The global nickel sulfate market is driven by several factors; however, the huge demand for battery manufacturing for various end-use industries such as automobiles, electronics, chemicals, and textiles is the key market driver. Nickel sulfate usage in electroplating and dyeing & printing is also driving the demand for nickel sulfate significantly. The rise in the global demand for batteries and electroplating has led to considerable growth of the nickel sulfate market. There is a high demand for nickel sulfate in the manufacture of various batteries, primarily low-powered batteries and high-powered batteries. Thus, the rise in the demand for nickel sulfate in Li-Ion batteries and various other applications is propelling the demand for nickel sulfate in the automotive industry.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Nickel Sulfate market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Nickel Sulfate market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
Report Scope | Details |
Market Size | USD 8.1 Billion by 2027 |
Growth Rate | CAGR of 14.0% From 2021 to 2027 |
Base Year | 2020 |
Forecast Period | 2021 to 2027 |
Historic Data | 2017 to 2020 |
Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
Segments Covered | Form, Grade, Application and Region |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Companies Mentioned | Norilsk Nickel, Coremax, Palm Commodities International, Jinco Nonferrous, Umicore, Sumitomo Metal Mining Co., Ltd., Seido Chemical Industry Co., Ltd., Indian Platinum Pvt. Ltd., Univertical, Zenith, Anron Chemicals Co., Green Eco-manufacture Hi-tech (GEM), and Vizag Chemical. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Nickel Sulfate market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Nickel Sulfate Market: Dynamics
Batteries hold the key to transitioning away from fossil fuel dependence. They are set to play a major role in the next decade. In the near future, the energy storage market in the U.S. is expected to reach US$ 425 Bn.
Initially, batteries would be used to store minimal energy. However, currently, high-powered vehicles are being driven by battery power due to the technological development. This can be ascribed to the imposition of regulations on the use of fossil fuels by various countries and increasing awareness among the people regarding the harmful environmental impact of fossil fuels.
The economies of scale is making Li-ion the dominant technology. Li-ion battery requires nickel sulfate in the form of cathode. This is a result of the long history of Li-ion in the consumer electronics market and the significant recent scale of investments in Li-ion manufacturing, driven by the EV industry. This advancement in battery system from minimal storage of energy to high power driven vehicle is estimated to augment the global nickel sulfate market during the forecast period.
Manufacturers are focusing on the automotive industry, as the share held by this segment in the nickel sulfate market is likely to increase during the forecast period.
Regional analysis:
Asia Pacific holds the major share of global nickel sulfate market. The market in the region is anticipated to expand at a CAGR of more than 15.2% during the forecast period. Increase in demand for various batteries is driving the nickel sulfate market in Asia Pacific. China is a key country of the nickel sulfate market in Asia Pacific. It held major share of the nickel sulfate market in Asia Pacific in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
Europe is also a key region of the global nickel sulfate market. Germany led the nickel sulfate market in Europe in 2020. The increase in the demand for nickel sulfate in the automotive sector is driving the market in Germany.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Nickel Sulfate Market include: Norilsk Nickel, Coremax, Palm Commodities International, Jinco Nonferrous, Umicore, Sumitomo Metal Mining Co., Ltd., Seido Chemical Industry Co., Ltd., Indian Platinum Pvt. Ltd., Univertical, Zenith, Anron Chemicals Co., Green Eco-manufacture Hi-tech (GEM), and Vizag Chemical.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:
Global Nickel Sulfate Market: Segmentation
Nickel Sulfate Market, by Form
Nickel Sulfate Market, by Grade
Nickel Sulfate Market, by Application
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Nickel Sulfate market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Nickel Sulfate market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Nickel Sulfate markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Nickel Sulfate Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Nickel Sulfate Market, By Form
7.1. Nickel Sulfate Market, by Form, 2021-2027
7.1.1. Crystal
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Solution
7.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Nickel Sulfate Market, By Grade
8.1. Nickel Sulfate Market, by Grade, 2021-2027
8.1.1. En Grade
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Plating Grade
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. High Purity Grade
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Others (including Technical Grade)
8.1.4.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Nickel Sulfate Market, by Application
9.1. Nickel Sulfate Market, by Application, 2021-2027
9.1.1. Battery
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Electroplating
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Chemicals
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Dyeing & Printing
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Others (including Medical, Ceramics, and Catalysts)
9.1.5.1. Market Revenue and Forecast (2016-2027)
Chapter 10.Global Nickel Sulfate Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Form (2016-2027)
10.1.2. Market Revenue and Forecast, by Grade (2016-2027)
10.1.3. Market Revenue and Forecast, by Application (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Form (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Grade (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Application (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Form (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Grade (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Application (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Form (2016-2027)
10.2.2. Market Revenue and Forecast, by Grade (2016-2027)
10.2.3. Market Revenue and Forecast, by Application (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Form (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Grade (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Application (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Form (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Grade (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Application (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Form (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Grade (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Application (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Form (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Grade (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Application (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Form (2016-2027)
10.3.2. Market Revenue and Forecast, by Grade (2016-2027)
10.3.3. Market Revenue and Forecast, by Application (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Form (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Grade (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Application (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Form (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Grade (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Application (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Form (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Grade (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Application (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Form (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Grade (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Application (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Form (2016-2027)
10.4.2. Market Revenue and Forecast, by Grade (2016-2027)
10.4.3. Market Revenue and Forecast, by Application (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Form (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Grade (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Application (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Form (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Grade (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Application (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Form (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Grade (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Application (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Form (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Grade (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Application (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Form (2016-2027)
10.5.2. Market Revenue and Forecast, by Grade (2016-2027)
10.5.3. Market Revenue and Forecast, by Application (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Form (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Grade (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Application (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Form (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Grade (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Application (2016-2027)
Chapter 11. Company Profiles
11.1. Norilsk Nickel
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Coremax
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Palm Commodities International
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Jinco Nonferrous
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Umicore
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Sumitomo Metal Mining Co., Ltd.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Seido Chemical Industry Co., Ltd.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Indian Platinum Pvt. Ltd
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Univertical
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Zenith
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms