Market Research Future Published a Half-Cooked Research Report on Global Nickel Hydroxide Market Research Report – Forecast to 2023
Market Analysis:
The Nickel Hydroxide Market is likely to grow at a notable CAGR between 2015-2023, as per the recent Market Research Future (MRFR) report. Nickel Hydroxide is a crystalline, apple green, odorless solid that is available in the powdered form. Owing to its alluring features such as superior performance, durable nature, and excellent thermal stability, it is widely used in chemical, agriculture, food, electrical and electronics, and other industries.
Numerous factors are adding to the Global Nickel Hydroxide Market Growth. These factors, according to the recent Market Research Future report, comprise increasing use in batteries and the electronics industry, use as a catalyst in the chemical industry, and to manufacture Nickel Oxide that finds wide application in ceramics, optic, and glass industry and increasing use in various electrochemical processes.
On the contrary, increasing concerns about toxicity and safety may hinder the Nickel Hydroxide Market Growth during the forecast period.
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Key Players:
Leading Players in the Global Nickel Hydroxide Market Report include ALT Cobalt & Nickel Products (Dalian) Co., Ltd, Jilin Jien Nickel Industry Co., LTD, Henan Kelong New Energy Co., Ltd, Jiangmen Chancsun Umicore Industry Co., Ltd, Tanaka Chemical Corporation, ERAMET, Sumitomo Metal Mining Co., Ltd, and Norilsk Nickel.
Market Segmentation:
The Market Research Future Report provides an inclusive Segmental Analysis of the Nickel Hydroxide Market based on End Use Industry and Application.
By Application, the Nickel Hydroxide Market is segmented into catalyst, batteries, and others. The others have been segmented into optics, glass, ceramics, and more electrochemical applications.
By End User Industry, the Nickel Hydroxide Market is segmented into the chemical industry, electronics industry, automotive industry, and others.
Regional Analysis:
By Region, the Global Nickel Hydroxide Market Report covers the latest trends and growth opportunities across North America, the Asia Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. Of these, the APAC region will dominate the Nickel Hydroxide Market during the forecast period for its increasing consumption in battery manufacturing. Growing demand for such batteries in hybrid electric cars, portable devices, and consumer products have propelled market growth in the region. South Korea and Japan are the key contributors in this region for the presence of strong electronics industry. The demand for such batteries in India and China is likely to increase for its rising application in hybrid electric cars. China has the largest car market and is working on strategies to ban cars with carbon emission fuel to prevent pollution and shift to electric cars. Besides, the electronics industry in China and India is expanding at a quick pace for supplementing their expanding economy. Moreover, leading electronics manufacturers are shifting production plants to the region for the open market strategy, easy investment norms, and other measures that these countries have adopted along with the rising disposable income, increasing purchasing power, and growing urbanization are also adding to the market growth.
The Nickel Hydroxide Market in Europe is predicted to have favorable growth during the forecast period for its rising use in electric hybrid cars. Netherlands, Sweden, Germany, Britain, and France have taken part in the ambitious plan under Paris climate accords for ending the sales of diesel and petrol cars by 2040. The increasing use of Nickel Hydroxide in consumer electronics and other forms of portable devices is adding market growth. Besides, the burgeoning demand for nickel in textile industries and its wide use as a catalyst in the hydrogenation process and technological advances and growing innovation are also adding to the Nickel Hydroxide Market Growth. Italy, the UK, and Germany are the key contributors in this region.
The Nickel Hydroxide Market in North America will have healthy growth during the forecast period.
In Latin America, Argentina, Uruguay, and Brazil are the key contributors to the increasing consumption of nickel hydroxide in various end use industries.
The Nickel Hydroxide Market in the MEA will have a rapid development over the forecast period due to the increasing use of lightweight products in the automotive and electrical and electronics industries. The UAE and Qatar are the key contributors in the region.
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 – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/global-nickel-hydroxide-market-859
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