Nickel Hydroxycarbonate Market Is Projected To Expand At A CAGR of 5.8% To Climb To US$ 800.9 Million by 2032

The global nickel hydroxycarbonate market reached a valuation of US$ 434.3 billion in 2021 and is projected to expand at a CAGR of 5.8% to climb to US$ 800.9 million by the end of 2032.

Nickel hydroxycarbonate powder accounted for 52.2% share of the overall demand for nickel hydroxycarbonate in 2021.

After the COVID-19 pandemic struck, speedy recovery has been observed in the automotive industry. Around 13 million units of two wheelers were sold in South Asian countries last year. Nickel hydroxycarbonate is mainly used in the manufacturing of many automotive components as it helps increase the lifespan and shine of vehicle parts.

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The most important use of nickel hydroxycarbonate is in electroplating applications. Electroplating is used in the automotive industry to refinish many elements such as tire rims, bumpers, and grills to extend their lifespan and make them new. Along with the electroplating of automotive parts, nickel hydroxycarbonate is also used in the electroplating of electronic components such as semiconductors, chips, and many others.

These semiconductors and chips are a piece of a vehicle's security prerequisites as components; for example, safety belts, airbags, tensioners, and many other components. Worldwide demand for nickel hydroxycarbonate is set to reach US$ 800.9 million by the end of 2032.

Key Takeaways from Nickel Hydroxycarbonate Market Study

• By the end of 2022, the market is projected to achieve a global market size of US$ 10.01 Bn.

• Globally, North America accounted for over 33.5% of revenue in 2022.

• Hardware based digital transaction management systems to dominate the market in 2022, with a revenue share of over 40.5%

• More than 38.4% of market revenue was generated by the electronic signatures segment in 2021

• Over 55.5% of the market revenue in 2022 will be accounted for by large enterprises.

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Key Companies Profiled

• Eramet
• Norlisk Nickel
• Umicore
• GEM Co., Ltd
• Guangdong Guanghua Sci-Tech Co., Ltd
• KITA
• Siman LTD
• Liangren Chemical
• FAIRSKY INDUSTRIAL CO., LIMITED
• Uma Chemicals
• Himalaya Industries
• Jiangxi Nuclear Industry Xingzhong New Material Co., Ltd

Segmentation of Nickel Hydroxycarbonate Industry Research

• By Product Type :

o 40-42% Nickel
o 45-47% Nickel
o 48-50% Nickel

• By form :

o Powder
o Granules
o Paste

• By End-use Industry :

o Automotive
o Aircraft
o Electronics
o Plastic
o Paints
o Ceramics
o Oil & Gas

• By Region :

o North America
o Latin America
o Europe
o East Asia
o South Asia and Oceania
o Middle East & Africa

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Market Development

Demand for nickel hydroxycarbonate from end-use industries continues to reflect high growth. For sustaining in the long term, manufacturers are focusing on various strategies such as expanding their production capabilities, increasing supply contracts with end-use industries, etc.

Rising demand from automotive and other industries is helping manufacturers recover faster from the COVID-19 impact. Also, being a non-renewable source, nickel availability is restricted to places where it is being mined. This will help market players in maintaining the price balance and reducing the supply side cost of logistics.

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Table of Content

1. Nickel Hydroxycarbonate Market - Executive Summary

2. Market Overview

2.1. Market Definition and Introduction

2.2. Market Taxonomy/ Research Scope

3. Market Background and Foundation Data

3.1. Global Nickel Hydroxycarbonate: Apparent Production & Consumption Analysis

3.1.1. Production Product (KT)

4. Global Nickel Hydroxycarbonate Demand (Kilo Tons) Analysis and Forecast

4.1. Historical Market Volume (Kilo Tons) Analysis, 2017-2021

4.2. Current and Future Market Volume (Kilo Tons) Projections, 2022-2032

5. Global Nickel Hydroxycarbonate - Pricing Analysis

5.1. Regional Pricing Analysis

5.2. Price Variance By Product

6. Global Nickel Hydroxycarbonate Market Value (US$ Mn) Analysis and Forecast

6.1. Historical Market Value (US$ Mn) Analysis, 2017-2021

6.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

7. Global Nickel Hydroxycarbonate Market Analysis and Forecast, By Product

7.1. Introduction / Key Findings

7.2. Historical Market Size (US$ Mn) & Volume (Kilo Tons) Analysis By Product, 2017-2021
TOC Contd…..

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