Nickelous Sulfate Market to Reach USD 21.22 Billion by 2031 | Growing at a CAGR of 10.8% (2025-2031)

According to QY Research announces the release of 2025 latest report "Nickelous Sulfate Market". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Nickelous Sulfate market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Nickelous Sulfate was valued at US$ 10.45 billion in the year 2024 and is projected to reach a revised size of US$ 21.22 billion by 2031, growing at a CAGR of 10.8% during the forecast period.

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Nickelous 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 nickelous sulfates are paramagnetic.

The major players in global Nickelous Sulfate market include Sumitomo Metal Mining(SMM), Norilsk Nickel, Jinchuan, etc. The top 3 players occupy about 30% shares of the global market. North America, Europe and China are main markets, they occupy about 70% of the global market. High-Purity Grade is the main type, with a share about 65%. Battery is the main application, which holds a share about 65%.

At the beginning of the development of this research report, a summary of the Nickelous Sulfate market is provided, along with definitions, applications, new product launches, developments, hurdles, and geographic considerations. Rising demand across several different industries is expected to fuel the industry's rapid growth. The study Nickelous Sulfate market research report looks at key aspects as well as current industry trends. An additional feature is a graphical summary of significant organisations that highlights their market presence, effective marketing methods, and most recent developments in both historical and contemporary contexts.

Key Companies : -

The Nickelous Sulfate Market is highly competitive with both global players and regional startups driving innovation. Key companies are focusing on:

Jinchuan
GEM
Sumitomo Metal Mining(SMM)
Guangxi Yinyi
Norilsk Nickel
Jilin Jien
KEMCO
Umicore
Coremax
Jinco Nonferrous
Zenith
Mechema
SEIDO CHEMICAL
CNGR Advanced Material
Zhejiang Huayou Cobalt

Capacity and output : -

Stable capacity: According to the current market situation, the capacity of nickel sulfate has not been added on a large scale in recent years. However, as technology advances and processes are optimized, the utilization rate of existing capacity may be improved.

Production growth: Despite no new capacity additions, nickel sulfate production is expected to continue to grow. This is mainly due to the strong demand in the downstream power battery market, as well as the continuous maturity of nickel sulfate production technology and the optimization of cost control.

Market demand -

Increased demand for power batteries: nickel sulfate is one of the key raw materials for the preparation of cathode materials for lithium batteries, especially in the manufacturing process of ternary lithium batteries, nickel sulfate and cobalt salt, manganese salt and other raw materials together, through a series of chemical reactions to generate the precursor of cathode materials. With the continuous expansion of the electric vehicle market and the increasing demand for energy storage, the demand for nickel sulfate in power batteries will continue to grow.

Stable demand in other areas: In addition to the field of power batteries, nickel sulfate is also widely used in electroplating, printing and dyeing mordant, metal colorant and other fields. The demand for nickel sulfate in these areas is relatively stable, which provides a strong support for the development of the nickel sulfate market.

Market competition and pattern -

Increasing industry concentration: The production concentration of nickel sulfate industry is gradually increasing. Some large enterprises continue to improve their market share and competitiveness through technology upgrading and capacity expansion.

International competition Intensifies: With the rapid development of the global electric vehicle market, the international competition for nickel sulfate is also becoming increasingly fierce. Some well-known international enterprises have entered the nickel sulfate market, through mergers and acquisitions, joint ventures and other ways to expand their own production capacity and market share.

Despite its growth potential, the Nickelous Sulfate Market is not without its challenges. Intense competition requires companies to differentiate their offerings and maintain a strong market presence. The need for substantial research and development investments can be a barrier to entry for some players. Furthermore, keeping pace with rapidly changing consumer preferences and technological advancements demands agility and innovation.

Environmental protection and sustainable development -

Environmental protection requirements: With the improvement of global environmental awareness and the increasingly strict environmental regulations, the environmental protection issues in the production process of nickel sulfate have received more and more attention. In the future, nickel sulfate enterprises need to increase investment in environmental protection, optimize the production process, and reduce the emission of pollutants to achieve sustainable development.

Recycling: In order to maximize the utilization of resources and reduce environmental pollution, the recycling of nickel sulfate will become the future development trend. By recycling nickel-containing waste such as waste batteries, reprocessing and treatment, high quality nickel sulfate products can be produced, so as to realize the recycling of resources and environmental protection.

Detailed of Nickelous Sulfate Market Segmentation :-

Segment by Type : -

EN Grade
Plating Grade
High-Purity Grade

Segment by Application : -

Electroplating
Chemical Industry
Battery

Regional Insights :-

The Nickelous Sulfate Market provides a diverse geographical landscape, with several areas exhibiting unique market characteristics. While some locations see rapid growth due to factors like economic expansion and technical advancements, other regions may experience slower but more consistent market expansion. Market trends vary greatly throughout regions due to factors including cultural influences, legal frameworks, and population developments. Businesses looking to go global must understand these regional differences and adjust their strategy to take advantage of local opportunities.

North America: Market size, growth drivers, and key players.

Europe: Regulatory environment and sustainability initiatives.

Asia-Pacific: Rapid industrialization and demand growth.

Latin America: Emerging markets and opportunities.

Middle East & Africa: Focus on petrochemicals and infrastructure development.

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Importance of a Market Synopsis : -

Decision Making: A well-prepared Nickelous Sulfate market synopsis helps businesses, investors, and professionals make informed decisions. It provides a comprehensive understanding of the Nickelous Sulfate market landscape, enabling stakeholders to identify potential risks and opportunities.

Competitive Analysis: By examining the competitive landscape, a Nickelous Sulfate market synopsis allows businesses to benchmark themselves against industry leaders and identify areas for improvement or differentiation. It facilitates strategic planning and Nickelous Sulfate market positioning.

Market Entry: For companies considering entering a new market or launching a new product, a Nickelous Sulfate market synopsis provides valuable insights into market size, customer needs, and competitive factors. It guides businesses in developing effective market entry strategies.

Investment Decisions: Investors rely on Nickelous Sulfate market synopses to evaluate the feasibility and potential returns of investment opportunities. The synopsis helps them assess the market's growth prospects, competitive intensity, and long-term viability.

Knowledge Sharing: Nickelous Sulfate Market synopses serve as valuable resources for industry research, academic studies, and knowledge sharing among professionals. They provide a concise summary of Nickelous Sulfate market dynamics, making complex information accessible to a broader audience.

Table of Contents with Major Points : -

1. Executive Summary

1.1. Market Analysis
1.2. Global & Segmental Market Estimates & Forecasts, 2025-2031 (USD Billion)
1.2.1. Nickelous Sulfate Market, by Region, 2025-2031 (USD Billion)
1.2.2. Nickelous Sulfate Market, by Type, 2025-2031 (USD Billion)
1.2.3. Nickelous Sulfate Market, by Application, 2025-2031 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

2. Global Nickelous Sulfate Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

3. Global Market Dynamics

3.1. Nickelous Sulfate Market Impact Analysis (2025-2031)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities

4. Global Industry Analysis

4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2025-2031)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

5. Global Market, by Type

5.1. Market Analysis
5.2. Global Nickelous Sulfate Market by Type, Performance - Potential Analysis
5.3. Global Nickelous Sulfate Market Estimates & Forecasts by Type 2025-2031 (USD Billion)
5.4. Nickelous Sulfate Market, Sub-Segment Analysis

6. Global Market, by Application

6.1. Market Analysis
6.2. Global Nickelous Sulfate Market by Application, Performance - Potential Analysis
6.3. Global Nickelous Sulfate Market Estimates & Forecasts by Application 2025-2031 (USD Billion)
6.4. Nickelous Sulfate Market, Sub-Segment Analysis
6.4.1. Others

7. Regional Analysis

7.1. Nickelous Sulfate Market, Regional Market Analysis
7.2. North America Nickelous Sulfate Market
7.3. Europe Nickelous Sulfate Market Analysis
7.4. Asia-Pacific Nickelous Sulfate Market Analysis
7.5. Latin America Nickelous Sulfate Market Analysis
7.6. Rest of The World Nickelous Sulfate Market

8 Competitive Intelligence

8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Key player 1
8.2.1.1. Key In Durationation
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments

9. Research Process

9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes

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