Nickel Sulfate Market | Opportunities, Sales, Revenue, Gross Margin & Trends Analysis Report 2023 |

A complete study of the global Nickel Sulfate market is carried out by the analysts in this report, taking into consideration key factors like drivers, challenges, recent trends, opportunities, advancements, and competitive landscape. This report offers a clear understanding of the present as well as future scenarios of the global Nickel Sulfate industry. Research techniques like PESTLE and Porter's Five Forces analysis have been deployed by the researchers. They have also provided accurate data on Nickel Sulfate production, capacity, price, cost, margin, and revenue to help the players gain a clear understanding of the overall existing and future market situation.

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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.

Market Analysis and Insights: Global and United States Nickel Sulfate Market

This report focuses on global and United States Nickel Sulfate market, also covers the segmentation data of other regions in regional level and county level.

Due to the COVID-19 pandemic, the global Nickel Sulfate market size is estimated to be worth US$ 8435.8 million in 2022 and is forecast to a readjusted size of US$ 15670 million by 2028 with a CAGR of 10.9% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, by Type, EN Grade accounting for % of the Nickel Sulfate global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While by Application, Electroplating was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.

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 .

Global Nickel Sulfate Scope and Market Size

Nickel Sulfate market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Nickel Sulfate market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.

For United States market, this report focuses on the Nickel Sulfate market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.

Segment by Type

EN Grade

Plating Grade

High-purity Grade

Segment by Application

Electroplating

Chemical industry

Battery

By Region

North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Latin America

Mexico

Brazil

Argentina

Middle East & Africa

Turkey

Saudi Arabia

UAE

By Company

Jinchuan

GEM

Sumitomo Metal Mining(SMM)

Guangxi Yinyi

Norilsk Nickel

Jilin Jien

Umicore

Coremax

Jinco Nonferrous

Zenith

Mechema

SEIDO CHEMICAL

Key questions answered in the report:

What is the growth potential of the Nickel Sulfate market?
Which product segment will grab a lion's share?
Which regional market will emerge as a frontrunner in coming years?
Which application segment will grow at a robust rate?
What are the growth opportunities that may emerge in Nickel Sulfate industry in the years to come?
What are the key challenges that the global Nickel Sulfate market may face in future?
Which are the leading companies in the global Nickel Sulfate market?
Which are the key trends positively impacting the market growth?
Which are the growth strategies considered by the players to sustain hold in the global Nickel Sulfate market?
 

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