市場調查報告書
商品編碼
1569832
2030 年硫酸鎳市場預測:按形狀、牌號、應用和地區進行的全球分析Nickel Sulfate Market Forecasts to 2030 - Global Analysis By Form (Anhydrous, Heptahydrate and Hexahydrate), Grade (EN Grade, Plating Grade and High-Purity Grade), Application and By Geography |
根據Stratistics MRC預測,2024年全球硫酸鎳市場價值將達34億美元,預計2030年將達到46億美元,預測期內複合年成長率為5.1%。
硫酸鎳是一種無機化合物,化學式為NiSO4,通常為藍色或綠色結晶質固體。它極易溶於水,在各種工業應用中發揮重要作用。硫酸鎳主要用於生產鎳基二次電池,特別是用於電動車和電子設備的鋰離子電池。此外,它也廣泛用於電鍍,提供金屬的耐腐蝕。
根據國際鎳研究組織預測,2022年全球原生鎳用量為296.3萬噸,2023年為319.3萬噸。 INSG 預計到 2024 年這一數字將增至 344.5 萬噸。
電池產業的需求不斷增加
電動車 (EV) 生產和採用的快速擴張推動了對鋰離子電池的需求,而硫酸鎳是其中的關鍵成分。富鎳陰極因其更高的能量密度和改進的性能而受到青睞。隨著世界各國政府實施更嚴格的排放法規並為電動車的採用提供獎勵,電池生產中對硫酸鎳的需求將激增,預計市場將顯著成長。
鎳價波動
鎳是生產硫酸鎳的主要原料,由於全球需求、供應中斷和經濟狀況,鎳的價格經常波動。這些價格波動影響硫酸鎳的整體生產成本,進而影響市場動態和盈利。供應限制,包括有限的鎳礦石蘊藏量和產能,進一步加劇了市場挑戰。價格波動造成的不確定性使得市場相關人員在投資或計畫擴張方面猶豫不決。
永續鎳回收
隨著環境法規的收緊和循環經濟原則意識的增強,從廢棄電池和工業廢棄物中回收鎳的運動日益興起。回收不僅可以解決與鎳礦開採相關的環境問題,還可以提供穩定的原料供應並降低價格波動的風險。這種方法符合電池行業永續實踐的全球運動,並且具有擴大市場的潛力。
反對環境議題
環境反對對硫酸鎳市場構成威脅,特別是在生產方法及其環境影響方面。硫酸鎳的生產,尤其是採用鎳生鐵 (NPI) 或鎳鐵生產時,涉及能源集中過程,引發了人們對碳排放和環境永續性的擔憂。這種反對可能會導致更嚴格的監管、更高的生產成本以及具有環保意識的製造商和消費者對某些硫酸鎳來源的接受度降低。
COVID-19 大流行最初擾亂了硫酸鎳市場,導致供應鏈問題,並因工業活動放緩而減少需求。但這也加速了向永續交通的轉變,許多政府將電動車基礎設施納入其經濟復甦計畫。隨著經濟復甦和工業恢復營運,在電動車需求增加和對電池技術日益關注的支持下,硫酸鎳市場正在逐步復甦。
預計七水合物部分在預測期內將是最大的
預計鋰離子(Li-Ion)電池領域將在預測期內佔據市場佔有率的主導地位。這一優勢得益於電動車市場的快速成長以及能源儲存系統的日益普及。硫酸鎳是生產鋰離子電池富鎳正極的重要成分,可提供更高的能量密度和改進的性能。電池技術的持續進步,加上對電動車基礎設施投資的增加和政府的支持性政策,預計將推動該行業對硫酸鎳的需求。
高純度等級預計在預測期內具有最高的複合年成長率
預計高純度等級細分市場在預測期內將以最高複合年成長率成長。這種快速成長是由於先進電池技術(特別是電動車)對高品質硫酸鎳的需求不斷成長而推動的。高純度硫酸鎳對於生產提高電池效率、壽命和整體性能的高性能正極材料至關重要。隨著電池製造商努力提高能量密度並降低成本,對高純度硫酸鎳的需求預計將激增並推動該行業的顯著成長。
預計亞太地區在預測期內將佔據最大的市場佔有率。這項優勢的關鍵因素是中國龐大的電動車市場和整個地區的政府支持政策。日本、韓國和印度等國家也迅速擴大電動車的生產和採用。亞太地區的高人口密度、都市化和不斷增強的環保意識促進了對電動車以及硫酸鎳的強勁需求。對電池製造的大量投資和主要鎳製造商的存在進一步鞏固了該地區的市場主導地位。
預計亞太地區在預測期內將實現最高的複合年成長率。這種快速成長的推動因素包括政府對電動車採用的積極目標、對電池技術的大量投資以及該地區主要汽車和電池製造商的存在。中國等國家有著擴大電動車市場的雄心勃勃的目標,印度和東南亞國家等新興經濟體正在加強交通電氣化的力度。該地區快速的技術進步和日益成長的都市化預計將推動硫酸鎳市場的持續高速成長。
According to Stratistics MRC, the Global Nickel Sulfate Market is accounted for $3.4 billion in 2024 and is expected to reach $4.6 billion by 2030 growing at a CAGR of 5.1% during the forecast period. Nickel sulfate is an inorganic compound with the formula NiSO4, typically occurring as a blue or green crystalline solid. It is highly soluble in water and plays a crucial role in various industrial applications. Nickel sulfate is primarily used in the production of nickel-based rechargeable batteries, particularly lithium-ion batteries for electric vehicles and electronics. Additionally, it is widely employed in electroplating, where it provides corrosion resistance to metals.
According to the International Nickel Study Group, world primary nickel usage was 2.963 Mt in 2022 and 3.193 Mt in 2023. The INSG forecasts an increase to 3.445 MT in 2024.
Growing demand from battery industry
The rapid expansion of electric vehicle (EV) production and adoption is fueling the need for lithium-ion batteries, where nickel sulfate is a crucial component. Nickel-rich cathodes are preferred for their higher energy density and improved performance. As governments worldwide implement stricter emission regulations and offer incentives for EV adoption, the demand for nickel sulfate in battery production is expected to surge, driving significant market growth.
Volatility in nickel prices
Nickel, the primary raw material for nickel sulfate production, experiences frequent price fluctuations influenced by global demand, supply disruptions, and economic conditions. These price variations impact the overall production costs of nickel sulfate, affecting market dynamics and profitability. Supply constraints, including limited nickel ore reserves and production capacity, further exacerbate market challenges. The uncertainty created by fluctuating prices leads to hesitancy in investment and expansion plans among market players.
Recycling of nickel for sustainability
As environmental regulations become stricter and awareness of circular economy principles grows, the recycling of nickel from used batteries and industrial waste is gaining traction. Recycling not only addresses environmental concerns associated with nickel mining but also provides a steady supply of raw material, mitigating risks of price volatility. This approach aligns with the global push towards sustainable practices in the battery industry and offers potential for market expansion.
Environmental opposition
Environmental opposition poses a threat to the nickel sulfate market, particularly concerning the production methods and their environmental impact. The energy-intensive processes involved in nickel sulfate production, especially when derived from nickel pig iron (NPI) or ferronickel, have raised concerns about carbon emissions and environmental sustainability. This opposition could lead to stricter regulations, increased production costs, or reduced acceptance of certain nickel sulfate sources by environmentally conscious manufacturers and consumers.
The COVID-19 pandemic initially disrupted the nickel sulfate market, causing supply chain issues and reduced demand due to slowdowns in industrial activities. However, it also accelerated the shift towards sustainable transportation, with many governments incorporating EV infrastructure development into economic recovery plans. As economies recover and industries resume operations, the nickel sulfate market is experiencing a gradual recovery, supported by increasing demand for electric vehicles and a growing focus on battery technologies.
The heptahydrate segment is expected to be the largest during the forecast period
Over the forecasted timeframe, the lithium-ion (Li-Ion) batteries segment is anticipated to dominate the market share. This dominance is driven by the rapid growth of the electric vehicle market and increasing adoption of energy storage systems. Nickel sulfate is a critical component in the production of nickel-rich cathodes for Li-Ion batteries, which offer higher energy density and improved performance. The ongoing advancements in battery technology, coupled with increasing investments in EV infrastructure and supportive government policies, are expected to bolster the demand for nickel sulfate in this segment.
The high-purity grade segment is expected to have the highest CAGR during the forecast period
During the projection period, the high-purity grade segment is expected to grow at the highest CAGR. This rapid growth is attributed to the increasing demand for high-quality nickel sulfate in advanced battery technologies, particularly for electric vehicles. High-purity nickel sulfate is essential for producing high-performance cathode materials that enhance battery efficiency, longevity, and overall performance. As battery manufacturers strive to improve energy density and reduce costs, the demand for high-purity nickel sulfate is expected to surge, driving significant growth in this segment.
During the estimation period, the Asia Pacific region is expected to capture the largest market share. This dominance is primarily driven by China's massive EV market and supportive government policies across the region. Countries like Japan, South Korea, and India are also rapidly expanding their EV production and adoption. The high population density, urbanization, and increasing environmental awareness in Asia Pacific contribute to the strong demand for electric vehicles and, consequently, nickel sulfate. Significant investments in battery manufacturing and the presence of major nickel producers further solidify the region's leading position in the market.
The Asia Pacific region is projected to achieve the highest CAGR during the forecast period. This rapid growth is fueled by aggressive government targets for EV adoption, substantial investments in battery technology, and the presence of major automotive and battery manufacturers in the region. Countries like China are setting ambitious goals for expanding their EV market, while emerging economies such as India and Southeast Asian nations are ramping up their efforts to electrify transportation. The region's fast-paced technological advancements and increasing urbanization are expected to drive continued high growth in the nickel sulfate market.
Key players in the market
Some of the key players in Nickel Sulfate Market include BHP Group, Vale S.A., Norilsk Nickel, Glencore International AG, Jinchuan Group International Resources Co. Ltd., Sumitomo Metal Mining Co. Ltd., Shandong Xinhai Technology Co. Ltd., China Molybdenum Co. Ltd., Eramet S.A., KGHM Polska Miedz S.A., Metallo-Chimique Group, Nornickel, Anglo American plc, Tsingshan Holding Group, Umicore, SMM Nickel, Alliance Nickel Ltd, and Shaanxi Jincheng Group.
In April 2023, Stellantis N.V. and Alliance Nickel Ltd (formerly GME Resources) announced the signing of a binding offtake agreement for the supply of 170,000 tons of nickel sulphate and 12,000 tons of cobalt sulphate in total over an initial five-year period. This represents approximately 40% of forecast annual production of the NiWest Nickel-Cobalt Project in Western Australia. Pricing for the nickel and cobalt sulphate is linked to index prices.
In November 2022, Vale Canada Limited, a subsidiary of Vale, and General Motors Co., announced they have signed a term sheet for the long-term supply of battery grade nickel sulfate from Vale's proposed plant at Becancour, Quebec, Canada. This agreement secures for GM a supply of nickel sulfate from a U.S. free-trade partner to support its fast-growing EV production needs in North America. Under terms of the agreement, Vale will supply battery grade nickel sulfate, equivalent to 25,000 metric tons per year of contained nickel, for use in GM's Ultium battery cathodes, which will power a broad portfolio of electric vehicles including the Chevrolet Silverado EV, Blazer EV and Equinox EV, the Cadillac LYRIQ, the GMC Sierra EV, and the GMC HUMMER EV Pickup and SUV. The amount of contained nickel is sufficient to supply approximately 350,000 EVs annually.