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Global Nickel Hydroxide Market: By Grade: Battery Grade, Reagent Grade, Others; By Application: Battery, Electroplates, Catalyst, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Manufacturing Process; Competitive Landscape; Industry Events and Developments
Global Nickel Hydroxide Market Outlook
The global nickel hydroxide market is expected to grow in the forecast period of 2023-2028 at a CAGR of 5%.
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The Asia Pacific Market to Be Aided by the Increased Demand for Batteries
The global market for nickel hydroxide is expected to record a healthy growth over the forecast period. Based on geography, the market is broadly classified into five major regions, namely North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is predicted to emerge as the key market for nickel hydroxide. China held a substantial amount of market share owing to the surging demand for electrochemical batteries. Advancements in the electronic industry in countries such as Japan, South Korea, China, and India are expected to aid the nickel hydroxide industry in the Asia Pacific region. North America and Europe are also predicted to be significant regional markets. By application, the battery industry is a major segment contributing to the nickel hydroxide industry due to the increased demand for mid-high rate batteries.
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Nickel hydroxide: Market Segmentation
Nickel hydroxide is a green, crystalline, inorganic compound that is generally used in rechargeable battery electrodes by oxidation to nickel (III) oxide-hydroxide. Theophrastite, the mineral form of nickel hydroxide was discovered in Greece in 1980. Nickel hydroxide is an insoluble chemical compound having strong redox properties.
The major grades of nickel hydroxide are:
- Battery Grade
- Reagent Grade
- Others
The market can be broadly categorised based on its applications into:
- Battery
- Electroplates
- Catalyst
- Others
The EMR report looks into the regional markets of nickel hydroxide like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Electrochemical Batteries to Drive the Growth of the Nickel Hydroxide Industry
The global nickel hydroxide industry is being driven by the rising demand for batteries. Nickel hydroxide is used as electrodes in the electrochemical batteries. Superior performance, reliability, and extended battery life of nickel hydroxide batteries are anticipated to propel the market growth of the product. Nickel hydroxide is also employed as a catalyst in industrial water treatment processes. The rising environmental awareness is expected to fuel its application in chemical water treatment. Nickel hydroxide also finds its application in electrochemical processes like electrocatalysis, supercapacitors, electrochromic devices, photocatalysis, and electrochemical sensors. Furthermore, it is also used in the synthesis of nickel oxide, which is used in the ceramic, optic, and glass industry. These factors are expected to bolster the growth of nickel hydroxide during the forecast period of 2023-2028.
Key Industry Players in the Global Nickel Hydroxide Market
The report presents a detailed analysis of the following key players in the global nickel hydroxide market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Kansai Catalyst Co., Ltd.
- Norilsk Nickel Group
- Tinchem Enterprises
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Grade, Application, Region |
| Breakup by Grade | Battery Grade, Reagent Grade, Others |
| Breakup by Application | Battery, Electroplates, Catalyst, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Kansai Catalyst Co., Ltd., Norilsk Nickel Group, Tinchem Enterprises, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Nickel Hydroxide Market Analysis
8.1 Key Industry Highlights
8.2 Global Nickel Hydroxide Historical Market (2018-2022)
8.3 Global Nickel Hydroxide Market Forecast (2023-2028)
8.4 Global Nickel Hydroxide Market by Grade
8.4.1 Battery Grade
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Reagent Grade
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Nickel Hydroxide Market by Application
8.5.1 Battery
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Electroplates
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Catalyst
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Nickel Hydroxide Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code - 282540)
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Manufacturing Process
14.1 Detailed Process Flow
14.2 Operations Involved
14.3 Mass Balance
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Kansai Catalyst Co., Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Norilsk Nickel Group
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Tinchem Enterprises
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Others
16 Industry Events and Developments
Additional Customisation Available
1 Project Requirements and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investments
List of Key Figures and Tables
1. Global Nickel Hydroxide Market: Key Industry Highlights, 2018 and 2028
2. Global Nickel Hydroxide Historical Market: Breakup by Grade (USD Million), 2018-2022
3. Global Nickel Hydroxide Market Forecast: Breakup by Grade (USD Million), 2023-2028
4. Global Nickel Hydroxide Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Nickel Hydroxide Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Nickel Hydroxide Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Nickel Hydroxide Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Nickel Hydroxide Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Nickel Hydroxide Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Nickel Hydroxide Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Nickel Hydroxide Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Nickel Hydroxide Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Nickel Hydroxide Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Nickel Hydroxide Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Nickel Hydroxide Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Nickel Hydroxide Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Nickel Hydroxide Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Major Importing Countries by Volume (2020)
19. Major Exporting Countries by Volume (2020)
20. Major Importing Countries by Value (2020)
21. Major Exporting Countries by Value (2020)
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Nickel Hydroxide Market Structure
Key Questions Answered in the Report
In the forecast period of 2023-2028, the global nickel hydroxide market is expected to grow at a CAGR of 5%.
The major drivers of the industry, such as rising disposable incomes, growing environmental awareness, rapid urbanisation, growing demand for batteries, and increasing need for industrial water treatment, are expected to aid the market growth.
The key trend of the market is the ban on carbon fuel vehicles and the shift to nickel hydroxide-based battery vehicles.
The major regional markets for nickel hydroxide are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major grades of the nickel hydroxide are battery grade, and reagent grade, among others.
The major application segments of nickel hydroxide are battery, electroplates, and catalysts, among others.
The key industry players in the market are Kansai Catalyst Co., Ltd., Norilsk Nickel Group, and Tinchem Enterprises, among others.
Analyst Review
The global nickel hydroxide market is being driven by the rising demand for electrochemical batteries. Aided by the utilisation as a catalyst, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its grade, the market can be segmented into battery-grade and reagent grade, among others. Based on the application, the market is categorised into the battery, electroplates, catalysts, and others. The major regional markets for nickel hydroxide are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Kansai Catalyst Co., Ltd., Norilsk Nickel Group, and Tinchem Enterprises, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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