Nickel Sulfate market was valued at US$ 5011.8 million in 2022 and is anticipated to reach US$ 15670 million by 2029, witnessing a CAGR of 10.9% - Valuates Reports

Nickel Sulfate market was valued at US$ 5011.8 million in 2022 and is anticipated to reach US$ 15670 million by 2029, witnessing a CAGR of 10.9% during the forecast period 2023-2029.

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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.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 aims to provide a comprehensive presentation of the global market for Nickel Sulfate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Nickel Sulfate.
The Nickel Sulfate market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Nickel Sulfate market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Nickel Sulfate manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Segment by Type
EN Grade
Plating Grade
High-purity Grade

Segment by Application
Electroplating
Chemical industry
Battery

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