Nickel Hydroxide Market by Major Players, Supply, Demand, and Market Dynamic Forces & Forecast 2023

16/nov/2019 05:14:07 Tejas Amale Contatta l'autore

Market Research Future Published in Research Study on Nickel Hydroxide Market Research Report, Size, Share and Industry Analysis - Forecast to 2023

Market Analysis

The global nickel hydroxide market is predicted to take a swift uptake during the assessment period (2017-2023). It is an inorganic compound which is also known as Nickel (II) hydroxide or Ni (OH)2. Nickel hydroxide is a crystalline solid that is odorless and apple green in color generally available in the form of a powder. It readily dissolves in ammonium hydroxide and acids but insoluble in water. This compound contains carcinogenic properties, thus is associated with growing risk of developing nasal and lung cancer. Exposure to nickel hydroxide can lead to severe skin problems, asthma-like allergies and dermatitis, and affects the neurological system, gastrointestinal tract, kidneys and lungs. During decomposition this compound emits toxic fumes of metallic nickel.

Consumer electronics and portable devices increasing demand for rechargeable batteries is driving the growth of the global nickel hydroxide market. Along with nickel-cadmium batteries this compound is used as a catalyst too in various chemical reactions. This is another driving force that is pushing the growth of the global nickel hydroxide market. The superior performance, utmost reliability and long-battery life is expected to fuel the growth of the market. The additional factors that are substantiating the growth of the global nickel hydroxide market include increase in the demand for electronic devices that are battery-operated, increase in consumers’ purchasing power, improving economic conditions, industrialization and urbanization and ever-increasing population across the world.

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Competitive Analysis

The nickel hydroxide market appears to be highly competitive and fragmented, characterized by the existence of different small and large-scale players. The key players are incorporating strategic initiatives such as technology launch, partnership, expansion, collaboration and acquisition. Such strategies are likely to augment the product quality and boost up production capacity to cater to the increasingly growing demand, especially from the emerging regions.

Key Players

Leading players profiled in the global nickel hydroxide market include Changsha Xinye Industrial Co. Ltd, Jiangmen chancsun Umicore Industry Co., Ltd, ZincFive Inc., Tanaka Chemical Corporation, SUMITOMO METAL MINING CO. LTD, Triveni Chemicals, Umicore, Kelong, Tinchem Enterprise, American elements, Jilin Jien Nickel Industry Co., Ltd., Nippy Chemicals, Alt Cobalt and Nickel Products (dalian) Co. Ltd, Norilsk Nickel and Sigma Aldrich, Inc.

Oct 2018 - CEO of SpaceX, Neurolink and Tesla, Elon Musk with an aim to expand his business has demanded batteries having longer life which worked wonders for Tanaka Chemical, the leader in the nickel hydroxide market. A partnership between them is on the cards.

October 2018 - Leading player in exploration of mineral properties and mining, Pure Minerals Limited announced the acquisition of Queensland Pacific Metals Pty Ltd, a fellow battery metal player which is poised to establish 600,000 tonnes per annum battery metals processing plants.

Regional Analysis

Based on region, the global nickel hydroxide market covers growth opportunities and latest trends across five regions - Asia Pacific, North America, Europe, Latin America and the Middle East & Africa. Of these, Asia Pacific leads nickel hydroxide market in manufacturing batteries. The growing demand for healthy growth during the assessment period. South Korea and Japan having strong electronics industry base is driving the demand for nickel hydroxide market. India and China are anticipated to boost demand for nickel batteries Moreover, China has the biggest car market in China. Not only this, the electronics industry in India and China is also growing fast for supplementing their developing economy. The leading electronic industry is shifting its production in this region due to such countries. Moreover, disposable income of the region's inhabitants, increasing purchasing power and urbanization are fueling the growth of nickel hydroxide market in this region. Not only this, the electronics industry in India and China is also growing fast for supplementing their developing economy. The leading electronic industry is shifting its production in this region due to such countries. Moreover, disposable income of the region's inhabitants, increasing purchasing power and urbanization are fueling the growth of nickel hydroxide market in this region. Not only this, the electronics industry in India and China is also growing fast for supplementing their developing economy. The leading electronic industry is shifting its production in this region due to such countries. Moreover, disposable income of the region's inhabitants, increasing purchasing power and urbanization are fueling the growth of nickel hydroxide market in this region. expedite the method and other incentive strategies adopted by such countries. Moreover, disposable income of the region's inhabitants, increasing purchasing power and urbanization are fueling the growth of nickel hydroxide market in this region. expedite the method and other incentive strategies adopted by such countries. Moreover, disposable income of the region's inhabitants, increasing purchasing power and urbanization are fueling the growth of nickel hydroxide market in this region.

Europe is predicted to show exceptional demand for nickel hydroxide two to its use in the electric hybrid vehicles. The European countries such as Netherland, Sweden, Germany, Britain and France devices is also likely to increase the demand for nickel hydroxide market. Norway government's transportation plan highlights a clear target that will be sold in 2025 must be zero-emission cars.

Browse Key Industry insights spread across 138 pages with 33 market data tables & 10 figures & charts from the Report,  “Nickel Hydroxide Market Information: by Application (batteries, catalyst), End-Use industry (automotive industry, electronic industry, chemical industry) , and Region - Global Forecast to 2023 ”  in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/global-nickel-hydroxide-market-859

Market Segmentation

In the Market Research Future (MRFR) report, the global nickel hydroxide market has been segmented on the basis of application and end-user.

Based on application, it is segmented into catalyst and batteries.

Based on end-user, the nickel hydroxide market is segmented into the chemical industry, electronics industry and automotive industry.

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