Find Out Factors Behind 21.2% Growth Rate of Global Nickelous Sulfate Market

The global Nickelous Sulfate market was valued at US$ 3589.2 million in 2020 and it is expected to reach US$ 16810 million by the end of 2027, growing at a CAGR of 21.2% during 2021-2027.

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%.

Global Nickelous Sulfate Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Nickelous Sulfate Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Norilsk Nickel, Umicore, Sumitomo Metal Mining. (SMM), Mechema, Outotec, Nicomet, Coremax, Zenith, Seido Chemical Industry., Jilin Jien Nickel Industry, Jinchuan, Green Eco-Manufacturer, Jinco Nonferrous, Huaze Cobalt & Nickel, Guangxi Yinyi and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at:

Segment by Type

  • EN Grade
  • Plating Grade
  • High-Purity Grade

Segment by Application

  • Electroplating
  • Chemical Industry
  • Battery

Table of Content:

1 Nickelous Sulfate Market Overview

2 Nickelous Sulfate Market Competition by Manufacturers

3 Nickelous Sulfate Retrospective Market Scenario by Region

4 Global Nickelous Sulfate Historic Market Analysis by Type

5 Global Nickelous Sulfate Historic Market Analysis by Application

6 Key Companies Profiled

7 Nickelous Sulfate Manufacturing Cost Analysis

8 Marketing Channel, Distributors and Customers

9 Nickelous Sulfate Market Dynamics

10 Global Nickelous Sulfate Market Forecast

11 Research Finding and Conclusion

12 Methodology and Data Source

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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