As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The global market for nickel hydroxide is being driven by the surging demand for electrochemical nickel batteries. The growing environmental awareness and shifting consumer preference for eco-friendly goods are aiding the market. China, the world’s largest manufacturer of cars, is developing strategies to ban carbon fuel automobiles to check the pollution. Governments are promoting the usage of electric vehicles, which has increased the demand for electrochemical batteries. Nickel hydroxide is used as electrodes in electrochemical batteries, and hence, this trend is anticipated to drive the market. The rising electronics industry in Japan, South Korea, China, and India is also expected to aid the market growth.
Recently, Elon Musk, the founder and CEO of Tesla Inc. (NASDAQ: TSLA), a pioneer in the electric cars industry, has urged the key industry players to increase the capacity of nickel hydroxide production to meet the industry demand. In fact, the company had initiated early discussions with Indonesia in October 2021 to develop a fully developed supply chain of nickel in the country, particularly for extracting battery chemicals such as nickel hydroxide. Thus, the growing push from the electric vehicles industry is expected to further propel the growth of the market in the coming years.
Market Analysis by Grade, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global nickel hydroxide market are Kansai Catalyst Co., Ltd., Norilsk Nickel Group, and Tinchem Enterprises, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.