Nickel Hydroxide Market Overview 2019 CAGR Status, Industry Challenges, Growth Opportunities, Key Player Like Umicore, Triveni Chemicals., Sumitomo Metal Mining Co., Ltd., Tanaka Chemical Corporation, Zincfive, Inc., Jiangmen Chancsun Umicore Industry Co.

Nickel hydroxide is an inorganic compound, known by the formula Ni (OH)2 or Nickel (II) hydroxide. It is an odorless, apple green, crystalline solid usually available in powder form. Nickel hydroxide occurs naturally as the mineral theophrastite. It is electroactive and is converted to Ni (III) oxy-hydroxide in response to electrical stimuli. It is insoluble in water and dissolves readily in acids and ammonium hydroxide. It is non-explosive and non-oxidizing under normal conditions. It has a melting point of 2300C and decomposes before melting at 2000C. Its autoignition temperature or flash point is 4000C. It is denser than water having a density of 4g/cm3.

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Nickel Hydroxide Market has widespread applications as an electrode in rechargeable batteries. Portable devices and consumer electronics demand for rechargeable batteries are driving the global nickel hydroxide market. Increasing demand for electric vehicles in automotive industry is projected to fuel the global nickel hydroxide market and is expected to be the major segment over the forecast period, 2017-2023. Moreover, nickel hydroxide is used as a catalyst in the industry. However, the restraining factor that could hamper the global nickel hydroxide market is its carcinogenic property, toxic gases, which is released upon heating and high raw material cost.

Key Players and Competition Analysis

Some of the prominent players operating in the global nickel hydroxide market are Sigma-Aldrich, Inc., Norilsk Nickel, Alt Cobalt and Nickel Products (dalian). Co. Ltd, Nippy Chemicals., Jilin Jien Nickel Industry Co., Ltd., American elements, Tinchem Enterprise, Kelong, Umicore, Triveni chemicals., SUMITOMO METAL MINING CO., LTD., Tanaka Chemical Corporation, ZincFive, Inc., Jiangmen chancsun Umicore Industry Co., Ltd, and Changsha Xinye Industrial Co. Ltd.

Segmentation Analysis

The global Nickel Hydroxide Market is segmented on the basis of application and end-use industry. On the basis of the applications, the global nickel hydroxide market is segmented into batteries, catalyst and others (ceramics, glass, optics, few more electrochemical applications)

On the basis of the end-user industry, the global nickel hydroxide market is segmented into automotive industry, electronics industry, chemical industry and others. On the basis of the region, the global nickel hydroxide market is segmented into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa.

Sodium or potassium hydroxides are used as alkali metal hydroxides in the concentration of 10-2 to 0.5 molar. This electrochemical process reduces the neutral salts occurrence by 90% as compared to conventional nickel hydroxide production process by precipitation from nickel salts.

Regional Analysis

Countries such as Japan and South Korea with strong electronics industry base drives the demand for nickel hydroxide market. Following them, China and India are expected to increase the demand for nickel batteries due to its application in hybrid electric vehicles. China is having the largest car market in the world and is developing strategies to ban carbon emission fuel vehicles to combat pollution and switch towards electric vehicle. Apart from this, India and China’s electronics industry is also growing at a faster pace to supplement their growing economy.

Browse the market data and information spread across 138 pages with 33 data tables and 10 figures of the report “Nickel Hydroxide Market Research Report - Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/global-nickel-hydroxide-market-859

Among these, Asia Pacific holds a major share of the market due to the growing consumption of the nickel hydroxide in the battery manufacturing. The increasing demand for nickel hydroxide batteries in portable devices, hybrid electric vehicles, and several consumer products have propelled the region to witness a higher growth over the assessment period. The nickel hydroxide market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

3 Market Research Methodology

4 Market Landscape

5 Industry Overview Of Global Nickel Hydroxide Market

… To Be Continue

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