Nickel Carbonate Market Growth, COVID Impact, Trends Analysis Report Forecast to 2032
The global Nickel Carbonate market is estimated to expand at a remarkable growth rate of 5.6% CAGR over the forecast period between 2022 and 2032, finding future market insights (FMI) in a recent market ****ysis. Nickel Carbonate is extensively used as a source of nickel in the electroplating industry for various applications in recent days.
Currently, the electroplating industry is witnessing rapid growth with high CAGRs owing to the substantial growth in demand for high-performance metals. Notable growth in end-use industries such as automotive, construction, and others is expected to promote the growth of such metals over the forecast period.
Zinc-nickel plating solutions are one widely accepted solution to develop corrosion resistance in metals used in the automotive and construction industry. Nickel carbonate is used as a nickel source in such plating solutions which is expected to boost the sales of nickel carbonate over the upcoming assessment period of 2022-2032. In addition, Nickel Carbonate is also getting fair traction as a catalyst in a variety of end-use industries.
However, the high price of the product owing to expensive raw materials used such as nickel has remained a longstanding challenge for the manufacturers and consumers. High product price has compelled manufacturers and consumers to find and develop cost-effective solutions to maintain a competitive atmosphere in the market.
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“Substantial growth in the electroplating industry is expected to be a key factor promoting the growth of nickel carbonate over the forecast period,” says an FMI ****yst.
Competitive Landscape
American Elements, Liangren Chemicals, Umicore, Reullei, Thermo Fischer Scientific, abcr GmbH, Himalaya Industries, Uma Chemicals, Eramet, jinchuan group, Jiangxi. Nuclear Industry Xingzhong New Material Co., Ltd, Fairsky Industrial, and others are the key players in the Nickel Carbonate market.
Nickel Carbonate Market By Category
By Ni Content:
< 38%
38% – 42%
42% – 46%
> 46%
By Application:
Electroplating
Catalysts
Pigments
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa
More Insights into the Nickel Carbonate Market Report
In its latest report, FMI offers an unbiased ****ysis of the global Nickel Carbonate market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on Ni Content, Application, and Region.
