Global Nickel Sulfate Market Growth 2023-2029

Global Nickel Sulfate Market Growth 2023-2029

Nickel Sulfate, usually refers to the inorganic compound with the formula NiSO4 (H2O)6. This highly soluble blue-coloured salt is a common source of the Ni2+ ion for electroplating. At least seven Sulfate salts of nickel (II) are known. These salts differ in terms of their hydration or crystal habit. The common tetragonal hexahydrate crystallizes from aqueous solution between 30.7 and 53.8 °C. Below these temperatures, a heptahydrate crystallises, and above these temperatures an orthorhombic hexahydrate forms. The yellow anhydrous form, NiSO4, is a high melting solid that is rarely encountered in the laboratory. This material is produced by heating the hydrates above 330 °C. It decomposes at still higher temperatures to nickel oxide. X-ray crystallography measurements show that NiSO4•6H2O consists of the octahedral [Ni (H2O)6]2+ ions. These ions in turn are hydrogen bonded to Sulfate ions. Dissolution of the salt in water gives solutions containing the aquo complex [Ni (H2O)6]2+. All Nickel Sulfates are paramagnetic.

LPI (LP Information)' newest research report, the “Nickel Sulfate Industry Forecast” looks at past sales and reviews total world Nickel Sulfate sales in 2022, providing a comprehensive analysis by region and market sector of projected Nickel Sulfate sales for 2023 through 2029. With Nickel Sulfate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Nickel Sulfate industry.

This Insight Report provides a comprehensive analysis of the global Nickel Sulfate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Nickel Sulfate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Nickel Sulfate market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Nickel Sulfate and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Nickel Sulfate.

The global Nickel Sulfate market size is projected to grow from US$ 4902.8 million in 2022 to US$ 10360 million in 2029; it is expected to grow at a CAGR of 10360 from 2023 to 2029.

Global nickel sulfate main players are Jinchuan, GEM, Sumitomo Metal Mining(SMM), etc. Top 5 companies hold a share about 50%. Japan is the largest market, with a share about 65%.In terms of product, high-purity grade is the largest segment, with a share over 75%. And in terms of application, the largest application is battery, followed by electroplating .

This report presents a comprehensive overview, market shares, and growth opportunities of Nickel Sulfate market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
EN Grade
Plating Grade
High-purity Grade

Segmentation by application
Electroplating
Chemical industry
Battery

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Jinchuan
GEM
Sumitomo Metal Mining(SMM)
Guangxi Yinyi
Norilsk Nickel
Jilin Jien
Umicore
Coremax
Jinco Nonferrous
Zenith
Mechema
SEIDO CHEMICAL

Key Questions Addressed in this Report

What is the 10-year outlook for the global Nickel Sulfate market?

What factors are driving Nickel Sulfate market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Nickel Sulfate market opportunities vary by end market size?

How does Nickel Sulfate break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.