Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8445.1 million | USD 17448.3 million | 11% | 2022 |
FrequentlyAsked Questions
The global nickel sulfate market is projected to grow owing to the increasing applications of the chemical compound in electroplating, a process meant to achieve metal finishing and improve its properties for further utilization. Since nickel offers excellent resistance against wearing which can be additionally improved by using a heat treatment process.
According to study, the global nickel sulfate market size was worth around USD 8445.1 million in 2021 and is predicted to grow to around USD 17448.3 million by 2028 with a compound annual growth rate (CAGR) of roughly 11% between 2022 and 2028.
The global nickel sulfate market is projected to be dominated by North America with the United States leading the regional market share. The growth may be driven by the rising efforts toward strengthening domestic production of nickel and its alloys along with increasing investments in nickel extraction processes.
The global nickel sulfate market is dominated by players like Outotec, Jilin Jien Nickel Industry, Nicomet, Jinchuan, Sumitomo Metal Mining Co., Norilsk Nickel, SEIDO CHEMICAL INDUSTRY CO., LTD., Mechema, Green Eco-Manufacturer, Coremax, Guangxi Yinyi, Huaze Cobalt & Nickel, Jinco Nonferrous, and Umicore Ltd.
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