Product Code: MRFR/CnM/0548-CR
Market Overview
Nickel Hydroxide Market is projected register a CAGR of 6.00% during the forecast period. An expansion in the interest in terminals to be utilized in electrochemical batteries and the ascending of new highlights like prevalent execution and long battery duration are the key market drivers improving the market development.
The rising interest for electric vehicles drives the market CAGR for nickel hydroxide. As states overall spotlight on lessening fossil fuel byproducts and advancing economical transportation, the interest for electric vehicles has taken off. Nickel hydroxide is an urgent part in the cathode material of NiMH batteries utilized in electric vehicles. The positive properties of nickel hydroxide, like its high energy thickness and long lifecycle, settle on it a favored decision for electric vehicle makers.
The energy stockpiling area is seeing fast headways in battery advancements, driven by the requirement for more viable energy stockpiling arrangements. While lithium-particle batteries rule the EV market, there is a resurgence of interest in NiMH batteries because of their lower cost and recyclability. Nickel hydroxide assumes a basic part in improving the presentation of NiMH batteries. The innovative work endeavors to further develop the energy thickness, charge/release effectiveness, and by and large life expectancy of NiMH batteries drive the interest in nickel hydroxide. Advancements in nickel hydroxide blend strategies and cathode material sythesis are being investigated to accomplish higher energy densities and further developed battery execution. These headways are supposed to essentially influence the nickel hydroxide market, making it an alluring venture a valuable open door for partners.
Market Segmentation
The Nickel Hydroxide market segmentation, based on the end-use industry, includes automotive, electronics, and chemical. The automotive category generated the most income due to adopting electric vehicles (EVs).
Based on application, the Nickel Hydroxide market is classified into batteries and catalysts. The batteries segment dominated the market due to the production of nickel-cadmium (Ni-Cd) and nickel-metal hydride (Ni-MH) batteries.
Regional Insights
The North American Nickel Hydroxide market will become quickly because of the presence of conspicuous battery makers and a developing electric vehicle market. The expanded interest for electric vehicles and government drives to advance clean energy and diminish fossil fuel byproducts have powered this region's utilization of nickel hydroxide.
Europe's Nickel Hydroxide market represents the second-biggest market share because of the developing EV market and severe ecological guidelines. The European Association's attention on decreasing ozone depleting substance outflows and advancing manageable transportation has helped the interest for electric vehicles, in this manner driving the requirement for nickel hydroxide.
The Asia-Pacific Nickel Hydroxide Market will overwhelm the CAGR from 2023 to 2032. It is expected to seeing quick development in the electric vehicle area. Factors like urbanization, industrialization, and government drives to advance electric versatility have expanded the interest in nickel hydroxide in Asia.
Major Players
Major players in the Nickel Hydroxide market are Sigma-Aldrich Inc., Norilsk Nickel, Alt Cobalt and Nickel Products Co.Ltd., Nippy Chemicals, Jilin Jien Nickel Industry Co. Ltd., American Elements, Tinchem Enterprise, Kelong, Umicore, Triveni Chemicals, SUMITOMO METAL MINING CO. LTD., Tanaka Chemical Corporation, ZincFive Inc., Changsha Xinye Industrial Co. Ltd., and others.
TABLE OF CONTENTS
1EXECUTIVE SUMMARY
- 1.1MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1GLOBAL NICKEL HYDROXIDE MARKET, BY APPLICATION
- 1.1.2GLOBAL NICKEL HYDROXIDE MARKET, BY END-USE
- 1.1.3GLOBAL NICKEL HYDROXIDE MARKET, BY REGION
2MARKET INTRODUCTION
- 2.1DEFINITION
- 2.2SCOPE OF THE STUDY
- 2.3MARKET STRUCTURE
3RESEARCH METHODOLOGY
- 3.1RESEARCH PROCESS
- 3.2PRIMARY RESEARCH
- 3.3SECONDARY RESEARCH
- 3.4MARKET SIZE ESTIMATION
- 3.5TOP-DOWN AND BOTTOM-UP APPROACH
- 3.6FORECAST MODEL
- 3.7LIST OF ASSUMPTIONS & LIMITATIONS
4MARKET DYNAMICS
- 4.1INTRODUCTION
- 4.2DRIVERS
- 4.2.1INCREASING DEMAND FOR NICKEL HYDROXIDE BATTERIES IN ELECTRIC VEHICLES
- 4.2.2RAPID GROWTH IN CONSUMER ELECTRONICS PRODUCTS SEGMENT
- 4.3RESTRAINTS
- 4.3.1TOXICITY OF NICKEL HYDROXIDE
- 4.4OPPORTUNITY
- 4.4.1INCREASING INVESTMENT BY VARIOUS STAKEHOLDERS IN THE EV MARKET
- 4.5CHALLENGES
- 4.5.1AVAILABILITY OF DIFFERENT BATTERY TECHNOLOGIES
- 4.5.2FLUCTUATING NICKEL PRICES
5MARKET FACTOR ANALYSIS
- 5.1SUPPLY CHAIN ANALYSIS
- 5.1.1RAW MATERIAL SUPPLIERS
- 5.1.2MANUFACTURERS
- 5.1.3DISTRIBUTION & SALES CHANNEL
- 5.1.4END-USE
- 5.2PORTER'S FIVE FORCES ANALYSIS
- 5.2.1THREAT OF NEW ENTRANTS
- 5.2.2BARGAINING POWER OF BUYERS
- 5.2.3THREAT OF SUBSTITUTES
- 5.2.4BARGAINING POWER OF SUPPLIERS
- 5.2.5INTENSITY OF RIVALRY
- 5.3PRICING ANALYSIS, BY REGION
- 5.4IMPACT OF COVID-19 ON THE GLOBAL NICKEL HYDROXIDE MARKET
- 5.4.1IMPACT ON SUPPLY CHAIN OF NICKEL HYDROXIDE
- 5.4.2IMPACT ON DEMAND FROM END-USE INDUSTRIES
- 5.4.2.1AUTOMOTIVE
- 5.4.2.2CHEMICALS
- 5.4.2.3ELECTRONICS
6GLOBAL NICKEL HYDROXIDE MARKET, BY APPLICATION
- 6.1OVERVIEW
- 6.1.1GLOBAL NICKEL HYDROXIDE MARKET ESTIMATES & FORECAST BY APPLICATION, 2019 TO 2030
- 6.1.2GLOBAL NICKEL HYDROXIDE MARKET ESTIMATES & FORECAST BY APPLICATION, 2019 TO 2030
- 6.2BATTERIES
- 6.2.1BATTERIES MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030
- 6.3CATALYST
- 6.3.1CATALYST MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030
- 6.4OTHERS
- 6.4.1OTHERS MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030
7GLOBAL NICKEL HYDROXIDE MARKET, BY END-USE
- 7.1OVERVIEW
- 7.1.1GLOBAL NICKEL HYDROXIDE MARKET ESTIMATES & FORECAST BY END-USE, 2019 TO 2030
- 7.1.2GLOBAL NICKEL HYDROXIDE MARKET ESTIMATES & FORECAST BY END-USE, 2019 TO 2030
- 7.2AUTOMOTIVE
- 7.2.1AUTOMOTIVE MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030
- 7.3ELECTRONICS
- 7.3.1ELECTRONICS: MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030
- 7.4CHEMICALS
- 7.4.1CHEMICALS: MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030
- 7.5OTHERS
- 7.5.1OTHERS: MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030
8GLOBAL NICKEL HYDROXIDE MARKET, BY REGION
- 8.1OVERVIEW
- 8.2NORTH AMERICA
- 8.3EUROPE
- 8.3.1GERMANY
- 8.3.2UK
- 8.3.3FRANCE
- 8.3.4SPAIN
- 8.3.5ITALY
- 8.3.6RUSSIA
- 8.3.7REST OF EUROPE
- 8.4ASIA-PACIFIC
- 8.4.1CHINA
- 8.4.2JAPAN
- 8.4.3INDIA
- 8.4.4AUSTRALIA & NEW ZEALAND
- 8.4.5SOUTH KOREA
- 8.4.6REST OF ASIA-PACIFIC
- 8.5LATIN AMERICA
- 8.5.1BRAZIL
- 8.5.2MEXICO
- 8.5.3ARGENTINA
- 8.5.4REST OF LATIN AMERICA
- 8.6MIDDLE EAST & AFRICA
- 8.6.1GCC
- 8.6.2TURKEY
- 8.6.3SOUTH AFRICA
- 8.6.4REST OF THE MIDDLE EAST & AFRICA
9COMPETITIVE LANDSCAPE
- 9.1INTRODUCTION
- 9.2MARKET STRATEGY ANALYSIS
- 9.3COMPETITIVE BENCHMARKING
10COMPANY PROFILES
- 10.1NORILSK NICKEL
- 10.1.1COMPANY OVERVIEW
- 10.1.2FINANCIAL OVERVIEW
- 10.1.3PRODUCTS OFFERED
- 10.1.4KEY DEVELOPMENTS
- 10.1.5SWOT ANALYSIS
- 10.1.6KEY STRATEGIES
- 10.2SUMITOMO METAL MINING CO., LTD.
- 10.2.1COMPANY OVERVIEW
- 10.2.2FINANCIAL OVERVIEW
- 10.2.3PRODUCTS OFFERED
- 10.2.4KEY DEVELOPMENTS
- 10.2.5SWOT ANALYSIS
- 10.2.6KEY STRATEGIES
- 10.3NIPPY CHEMICALS
- 10.3.1COMPANY OVERVIEW
- 10.3.2FINANCIAL OVERVIEW
- 10.3.3PRODUCTS OFFERED
- 10.3.4KEY DEVELOPMENT
- 10.3.5SWOT ANALYSIS
- 10.3.6KEY STRATEGIES
- 10.4TANAKA CHEMICAL CORPORATION
- 10.4.1COMPANY OVERVIEW
- 10.4.2FINANCIAL OVERVIEW
- 10.4.3PRODUCTS OFFERED
- 10.4.4KEY DEVELOPMENTS
- 10.4.5SWOT ANALYSIS
- 10.4.6KEY STRATEGIES
- 10.5TRIVENI CHEMICALS
- 10.5.1COMPANY OVERVIEW
- 10.5.2FINANCIAL OVERVIEW
- 10.5.3PRODUCTS OFFERED
- 10.5.4KEY DEVELOPMENTS
- 10.5.5SWOT ANALYSIS
- 10.5.6KEY STRATEGIES
- 10.6UMICORE
- 10.6.1COMPANY OVERVIEW
- 10.6.2FINANCIAL OVERVIEW
- 10.6.3PRODUCTS OFFERED
- 10.6.4KEY DEVELOPMENTS
- 10.6.5SWOT ANALYSIS
- 10.6.6KEY STRATEGIES
- 10.7AMERICAN ELEMENTS
- 10.7.1COMPANY OVERVIEW
- 10.7.2FINANCIAL OVERVIEW
- 10.7.3PRODUCTS OFFERED
- 10.7.4KEY DEVELOPMENTS
- 10.7.5SWOT ANALYSIS
- 10.7.6KEY STRATEGIES
- 10.8JIANGMEN CHANCSUN UMICORE INDUSTRY CO., LTD
- 10.8.1COMPANY OVERVIEW
- 10.8.2FINANCIAL OVERVIEW
- 10.8.3PRODUCTS OFFERED
- 10.8.4KEY DEVELOPMENTS
- 10.8.5SWOT ANALYSIS
- 10.8.6KEY STRATEGIES
- 10.9TINCHEM ENTERPRISES
- 10.9.1COMPANY OVERVIEW
- 10.9.2FINANCIAL OVERVIEW
- 10.9.3PRODUCTS OFFERED
- 10.9.4KEY DEVELOPMENTS
- 10.9.5SWOT ANALYSIS
- 10.9.6KEY STRATEGIES
- 10.10SUPRAVENI CHEMICALS PVT. LTD
- 10.10.1COMPANY OVERVIEW
- 10.10.2FINANCIAL OVERVIEW
- 10.10.3PRODUCTS OFFERED
- 10.10.4KEY DEVELOPMENTS
- 10.10.5SWOT ANALYSIS
- 10.10.6KEY STRATEGIES
- 10.11ALT COBALT & NICKEL PRODUCTS (DALIAN) CO., LTD.
- 10.11.1COMPANY OVERVIEW
- 10.11.2FINANCIAL OVERVIEW
- 10.11.3PRODUCTS OFFERED
- 10.11.4KEY DEVELOPMENTS
- 10.11.5SWOT ANALYSIS
- 10.11.6KEY STRATEGIES
11APPENDIX
- 11.1REFERENCES
- 11.2RELATED REPORTS