Nickel Hydroxide Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Nickel Hydroxide Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : March, 2023 | Chemical & Materials

Report Digest


Global Nickel Hydroxide Market: Snapshot

Nickel hydroxide, an inorganic compound that produces toxic substances upon heating, is commonly used in rechargeable battery electrodes. Denoted by Ni(OH)2, it is highly useful for its insoluble chemical properties as well as strong redox attributes. Theophrastite, which is a mineral form of nickel hydroxide, was originally discovered back in 1980 in northern Greece. Nickel hydroxide dissolves with a very few chemicals such as amines and ammonia, while it is attacked by acids. As the energy demands escalates across the world, owing to rapid urbanization, the demand for rechargeable batteries is incrementing consistently, which in turn is expected to provide traction to the global nickel hydroxide market. 

This report on the global nickel hydroxide market is a comprehensive assessment of the current scenario and based on in-depth analysis of all the factors that may drive or restrain the demand in the near future, it projects the CAGR for the forecast period of 2017 to 2025 as well as estimates the state of the market in 2025. The report has been compiled in order to serve as a credible business tool for the stakeholder connected to the global nickel hydroxide market. 

While α Ni(OH)2, β Ni(OH)2, and γ Ni(OH)2 can be the product segments of the global nickel hydroxide market, it is applicable in several end-use industries such as electrochemical batteries, chemical industry, agriculture industry, food industry, and others including the pharmaceutical industry. Geographically, the report takes stock of all important regions such as North America, Asia Pacific, and Europe.

Global Nickel Hydroxide Market: Overview 

Nickel hydroxide is an integral chemical compound which finds application primarily in the manufacture of nickel cadmium batteries and as a catalyst in certain chemical reactions. It is mostly used in rechargeable battery electrodes, by oxidation to nickel (III) oxide-hydroxide. Nickel hydroxide is an insoluble green, crystalline, inorganic chemical compound exhibiting strong redox properties. So far, it has found widespread application in the manufacture of mid-high rate batteries and pocket batteries. Some of its end use industries are agriculture, electrochemical, chemical, and food, among others.

The global market for nickel hydroxide has witnessed steady growth in the past few years and is expected to tread on a healthy growth trajectory in the near future too. 

A report by TMR Research offers key insights into the global nickel hydroxide market. To do so, it segments the market based on different parameters and studies each segment in details. It studies the different factors promoting or hindering the market, the prevalent competitive scenario, and the growth prospects in the near future. It also furnishes an extensive qualitative analysis of the factors driving and restraining the market. It also furnishes a market attractiveness analysis and profiles prominent companies operating in it. 

Global Nickel Hydroxide Market: Drivers and Trends 

The soaring demand for batteries worldwide is a major growth driver in the global nickel hydroxide market. Nickel hydroxide are primarily used as electrodes in electrochemical batteries. Some of the unique perceived benefits of nickel hydroxide batteries are their longer life, better reliability, and superior performance, as compared to the other types of batteries. This has also led to their swift uptake. 

Countering the growth in the market, however, is the rising concerns over its toxicity concerns. Nickel hydroxide releases toxic gases when heated. Exposure to nickel hydroxide can result in acute dermatitis and skin and asthma-like allergies. It affects kidneys, lungs, gastrointestinal tract, and the neurological system. Additionally, nickel hydroxide is a carcinogen that can up the risk of lung and nasal cancers. Besides, the concerns about health, another major market deterrent is the rising raw material prices that might hamper production in the upcoming years.

A noticeable trend in the global nickel hydroxide market is the strong emphasis on improving the product portfolio by top-tier companies to enhance their consumer base. Additionally, savvy companies are expending their energies to tap into the emerging economies in Asia Pacific, the Middle East and Africa, and Latin America, as they exhibit solid potential. 

Global Nickel Hydroxide Market: Regional Outlook 

Based on geography, the key segments of the global nickel hydroxide market are Europe, North America, Asia Pacific, and the Rest of the World. Asia Pacific, among them, is a lucrative market that is poised for robust growth in the near future. In fact, China in Asia Pacific is a top producer and consumer of nickel hydroxide due to the substantial usage of electrochemical batteries. The market in Latin America too is expected to grow at a rapid pace. At present, North America and Europe are dominating in terms of market share. 

Companies Mentioned in Report 

To present a detailed assessment of the competition prevailing in the global nickel hydroxide market, the report profiles companies such as ALT Cobalt & Nickel, Sigma-Aldrich Co. LLC., Sumitomo Metal Mining Co., Ltd, , Norilsk Nickel, Nippy Chemicals, Jien Nickel, BHP Billiton, Vale, Glencore, ERAMET, Hard Creek, and Henan Kelong.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?