Nickel Hydroxide Market Research Report - Forecast to 2027

Nickel Hydroxide Market Information: by Application (Batteries, Catalyst), End-Use industry (Automotive Industry, Electronic Industry, Chemical Industry), and Region - Forecast to 2027

ID: MRFR/CnM/0357-HCR | February 2021 | Region: Global | 138 pages

Nickel Hydroxide Market: Segmentation


The Nickel Hydroxide Market is segmented on the basis of application and end-use industry.


On the basis of the applications, the Nickel Hydroxide Market is segmented into batteries, catalyst and others (ceramics, glass, optics, few more electrochemical applications)


On the basis of the end-user industry, the Nickel Hydroxide Market is segmented into automotive industry, electronics industry, chemical industry and others.


On the basis of the region, the Nickel Hydroxide Market is segmented into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa.


Key Players


Some of the prominent players operating in the Nickel Hydroxide Market are Sigma-Aldrich, Inc., Norilsk Nickel, Alt Cobalt and Nickel Products (dalian). 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., Jiangmen chancsun Umicore Industry Co., Ltd, and Changsha Xinye Industrial Co. Ltd.

Market Overview


Nickel hydroxide is an inorganic compound, known by the formula Ni(OH)2 or Nickel(II) hydroxide.  It is an odorless, apple green, crystalline solid usually available in powder form.  Nickel hydroxide occurs naturally as the mineral theophrastite. It is electroactive and is converted to Ni(III) oxy-hydroxide in response to electrical stimuli. It is insoluble in water and dissolves readily in acids and ammonium hydroxide. It is non-explosive and non-oxidizing under normal conditions. It has a melting point of 2300C and decomposes before melting at 2000C. Its autoignition temperature or flash point is 4000C. It is denser than water having a density of 4g/cm3.


Nickel hydroxide is produced electrochemically by anodic oxidation of metallic nickel in aqueous electrolyte solutions containing sulfate and chloride, followed by treatment with alkali metal hydroxides to convert the intermediate product to pure nickel hydroxide. Sodium or potassium hydroxides are used as alkali metal hydroxides in the concentration of 10-2 to 0.5 molar. This electrochemical process reduces the neutral salts occurrence by 90% as compared to conventional nickel hydroxide production process by precipitation from nickel salts.


Nickel hydroxide has two distinct polymorphs, namely α- Ni(OH)2 and β-Ni(OH)2. The α structure is composed of nickel hydroxide layers integrated with intercalated anions or water, whereas β structure is made up of a hexagonal structure of Ni2+ and OH− ions, without any kind of intercalated ions. Apart from, the α and β forms of nickel hydroxide, γ- Ni(OH)2 is made up of crystal structures having much bigger inter-sheet distances.


Nickel hydroxide requirement is increasing as electrodes in electrochemical batteries. The long battery life, utmost reliability, and superior performance of the nickel hydroxide -based batteries, as compared to the other types of batteries are expected to fuel the growth of the global nickel hydroxide market. Besides application in the electronics industry, Nickel hydroxide is also used as a catalyst in chemical industries to remove the impurities from industrial effluent water. The hydrogenation of finely powdered newspaper with nickel hydroxide catalyst produces conversion in high yields of cellulose feed materials to liquid hydrocarbon fuels.  It is also used to manufacture Nickel Oxide (NiO), which finds application in glass, optic, and ceramics industry. Furthermore, it is used in other electrochemical processes such as photocatalysis, electrocatalysis, electrosynthesis, supercapacitors, electrochromic devices, and electrochemical sensors. 


However, rising concerns about toxicity restrains the market growth. Nickel hydroxide has carcinogenic properties and is associated with an increased risk of developing lung and nasal cancers. Exposure to this substance can cause severe dermatitis, skin and asthma-like allergies. It affects the lungs, kidneys, gastrointestinal tract and neurological system. When heated to decomposition it emits toxic fumes of metallic Nickel. Toxicity and safety concerns have driven research into increasing the energy density of nickel hydroxide electrodes, such as the addition of cadmium or cobalt or zinc to it. Additionally, rising raw material prices may hamper the production over the review period 2017-2023.


Global Nickel Hydroxide Market, by Application 2017, (%)


 nickel hydroxide market


Source: MRFR Analysis


Regional Analysis


The Nickel Hydroxide Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing consumption of the nickel hydroxide in the battery manufacturing. The increasing demand for nickel hydroxide batteries in portable devices, hybrid electric vehicles, and several consumer products have propelled the region to witness a higher growth over the assessment period. Countries such as Japan and South Korea with strong electronics industry base drives the demand for Nickel Hydroxide Market. Following them, China and India are expected to increase the demand for nickel batteries due to its application in hybrid electric vehicles. China is having the largest car market in the world and is developing strategies to ban carbon emission fuel vehicles to combat pollution and switch towards electric vehicle. Apart from this, India and China’s electronics industry is also growing at a faster pace to supplement their growing economy. Furthermore, the renowned electronics manufacturers are shifting their production plants to this region owing to the easy investment norms, open market strategy, expedite the procedure, and other incentivizing measures adopted by these countries. Furthermore, growing urbanization, increasing purchasing power, and disposable income of the people in this region are favoring growth of the regional market.


Europe is anticipated to show tremendous demand for nickel hydroxide owing to its application in electric hybrid vehicles. European countries like France, Britain, Germany, Sweden, and Netherland have joined the ambitious plan under the Paris climate accord to end sales of petrol and diesel vehicles by 2040. Besides this, nickel hydroxide application in consumer electronics and other portable devices is also expected to add the rising demand of Nickel Hydroxide Market. The Norway government's transportation plan outlines a clear target that all new passenger cars and vans sold in 2025 should be zero-emission vehicles. The country is considered a leader in North America and about 40% of all cars sold in the country last year were electric or hybrid vehicles. This tends to increase the consumption of nickel hydroxide batteries to a large extent.


Intended Audience



  • Nickel Hydroxide Market manufacturers

  • Traders and Distributors of Nickel Hydroxide

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory 



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR   2019–2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Application, End-Use industry and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Sigma-Aldrich, Inc., Norilsk Nickel, Alt Cobalt and Nickel Products (dalian). 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., Jiangmen chancsun Umicore Industry Co., Ltd, and Changsha Xinye Industrial Co. Ltd.
  Key Market Opportunities   Nickel hydroxide has carcinogenic properties and is associated with an increased risk of developing lung and nasal cancers.
  Key Market Drivers   Increasing the energy density of nickel hydroxide electrodes, such as the addition of cadmium or cobalt or zinc to it.


Frequently Asked Questions (FAQ) :


The rising level of toxicity could prevent the market growth.

The market has the chemical industry, electronics industry, automotive industry, and others as end users.

The market has applications in fields like a catalyst, batteries, and others (glass, ceramics, a few more electrochemical applications, and optics,).

The Asia Pacific would head the market.

The market would gain a lot from the manufacturing of electronic cars.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of new entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Bargaining power of suppliers

4.1.5 Intensity of competitive rivalry

4.2 Value Chain/Supply Chain of global nickel hydroxide market

5 Industry Overview of global nickel hydroxide market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global nickel hydroxide market, by Application

7.1 Introduction

7.2 Batteries

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Catalyst

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Others

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

8. Global nickel hydroxide market, by End-use industry

8.1 Introduction

8.2 Automotive

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Electronics

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Chemical

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Other

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

9. Global nickel hydroxide market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Application, 2020-2027

9.2.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.2.4 U.S.

9.2.4.1 Market Estimates & Forecast, 2020-2027

9.2.4.2 Market Estimates & Forecast by Application, 2020-2027

9.2.4.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast by Application, 2020-2027

9.2.5.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Application, 2020-2027

9.3.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020-2027

9.3.4.2 Market Estimates & Forecast by Application, 2020-2027

9.3.4.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast by Application, 2020-2027

9.3.5.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Application, 2020-2027

9.3.6.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by Application, 2020-2027

9.3.7.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.3.8 U.K.

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by Application, 2020-2027

9.3.8.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast by Application, 2020-2027

9.3.9.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020-2027

9.3.10.2 Market Estimates & Forecast by Application, 2020-2027

9.3.10.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Application, 2020-2027

9.4.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Application, 2020-2027

9.4.4.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Application, 2020-2027

9.4.4.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.4.6 Japan

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast by Application, 2020-2027

9.4.5.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Application, 2020-2027

9.4.7.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast by Application, 2020-2027

9.4.8.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.4.9 Rest of Asia Pacific

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast by Application, 2020-2027

9.4.9.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Application, 2020-2027

9.5.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020-2027

9.5.4.2 Market Estimates & Forecast by Application, 2020-2027

9.5.4.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast by Application, 2020-2027

9.5.5.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast by Application, 2020-2027

9.5.6.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast by Application, 2020-2027

9.5.7.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.5.8 Rest of Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast by Application, 2020-2027

9.5.8.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Application, 2020-2027

9.6.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020-2027

9.6.4.2 Market Estimates & Forecast by Application, 2020-2027

9.6.4.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast by Application, 2020-2027

9.6.5.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast by Application, 2020-2027

9.6.6.3 Market Estimates & Forecast by End-use industry, 2020-2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020-2027

9.6.7.2 Market Estimates & Forecast by Application, 2020-2027

9.6.7.3 Market Estimates & Forecast by End-use industry, 2020-2027

10. Company Landscape

11. Company Profiles

11.1 Sigma-Aldrich, Inc.

11.1.1 Company Overview

11.1.2 Application/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Norilsk Nickel

11.2.1 Company Overview

11.2.2 Application/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Alt Cobalt and Nickel Products (dalian). Co. Ltd

11.3.1 Company Overview

11.3.2 Application/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Supraveni Chemicals Pvt. Ltd

11.4.1 Company Overview

11.4.2 Application/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Nippy Chemicals.

11.5.1 Company Overview

11.5.2 Application/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Jilin Jien Nickel Industry Co., Ltd.

11.6.1 Company Overview

11.6.2 Application/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 American elements

11.7.1 Company Overview

11.7.2 Application/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Tinchem Enterprise

11.8.1 Company Overview

11.8.2 Application/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Kelong

11.9.1 Company Overview

11.9.2 Application/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Umicore

11.10.1 Company Overview

11.10.2 Application/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

11.11 Triveni chemicals.

11.11.1 Company Overview

11.11.2 Application/Business Segment Overview

11.11.3 Financial Updates

11.11.4 Key Developments

11.12 SUMITOMO METAL MINING CO.,LTD.

11.12.1 Company Overview

11.12.2 Application/Business Segment Overview

11.12.3 Financial Updates

11.12.4 Key Developments

11.13 Tanaka Chemical Corporation

11.13.1 Company Overview

11.13.2 Application/Business Segment Overview

11.13.3 Financial Updates

11.13.4 Key Developments

11.14 ZincFive, Inc.

11.14.1 Company Overview

11.14.2 Application/Business Segment Overview

11.14.3 Financial Updates

11.14.4 Key Developments

11.15 Jiangmen chancsun Umicore Industry Co., Ltd

11.15.1 Company Overview

11.15.2 Application/Business Segment Overview

11.15.3 Financial Updates

11.15.4 Key Developments

11.16 Changsha Xinye Industrial Co. Ltd

11.16.1 Company Overview

11.16.2 Application/Business Segment Overview

11.16.3 Financial Updates

11.16.4 Key Developments

12. Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2020 To 2030)

Table 2 Global nickel hydroxide market: By Region, 2020-2027

Table 3 North America Nickel Hydroxide Market: By Country, 2020-2027

Table 4 Europe Nickel Hydroxide Market: By Country, 2020-2027

Table 5 Asia-Pacific Nickel Hydroxide Market: By Country, 2020-2027

Table 7 Middle East & Africa Nickel Hydroxide Market: By Country, 2020-2027

Table 6 Latin America Nickel Hydroxide Market: By Country, 2020-2027

Table 8 Global Nickel Hydroxide by Application Market: By Regions, 2020-2027

Table 9 North America Nickel Hydroxide by Application Market: By Country, 2020-2027

Table 10 Europe Nickel Hydroxide by Application Market: By Country, 2020-2027

Table11 Asia-Pacific Nickel Hydroxide by Application Market: By Country, 2020-2027

Table13 Middle East & Africa Nickel Hydroxide by Application market: By Country, 2020-2027

Table12 Latin America Nickel Hydroxide by Application Market: By Country, 2020-2027

Table14 North America Nickel Hydroxide for End-use Industry Market: By Country, 2020-2027

Table13 Europe Nickel Hydroxide for End-use Industry Market: By Country, 2020-2027

Table14 Asia-Pacific Nickel Hydroxide for End-use Industry Market: By Country, 2020-2027

Table16 Middle East & Africa Nickel Hydroxide for End-use Industry Market: By Country, 2020-2027

Table15 Latin America Nickel Hydroxide for End-use Industry Market: By Country, 2020-2027

Table23 Global Application Market: By Region, 2020-2027

Table24 Global End-use Industry Market: By Region, 2020-2027

Table25 North America Nickel Hydroxide Market, By Country

Table26 North America Nickel Hydroxide Market, By Application

Table27 North America Nickel Hydroxide Market, By End-use industry

Table28 Europe: Nickel Hydroxide Market, By Country

Table29 Europe: Nickel Hydroxide Market, By Application

Table30 Europe: Nickel Hydroxide Market, By End-use industry

Table31 Asia-Pacific: Nickel Hydroxide Market, By Country

Table32 Asia-Pacific: Nickel Hydroxide Market, By Application

Table33 Asia-Pacific: Nickel Hydroxide Market, By End-use industry

Table36 Middle East & Africa: Nickel Hydroxide Market, By Country

Table37 Middle East & Africa Nickel Hydroxide Market, By Application

Table33 Middle East & Africa: Nickel Hydroxide Market, By End-use industry

Table34 Latin America: Nickel Hydroxide Market, By Country

Table35 Latin America Nickel Hydroxide Market, By Application

Table33 Latin America: Nickel Hydroxide Market, By End-use industry

LIST OF FIGURES

FIGURE 1 Global nickel hydroxide market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of global nickel hydroxide market

FIGURE 4 Value Chain of global nickel hydroxide market

FIGURE 5 Share of global nickel hydroxide market in 2020, by country (in %)

FIGURE 6 Global nickel hydroxide market, 2020-2027,

FIGURE 7 Global nickel hydroxide market size by Application, 2020

FIGURE 8 Share of global nickel hydroxide market by Application, 2020 to 2027

FIGURE 9 Global nickel hydroxide market size by End-use industry, 2020

FIGURE 10 Share of global nickel hydroxide market by End-use industry, 2020 to 2027