The nickel acetate market is projected to register a CAGR of 4% during the forecast period, up from US$ 52 Bn in 2021 to reach a valuation of US$ 80 Bn by 2032.
The nickel acetate market is anticipated to show promising growth prospects during the forecast period as a result of growing competition. New competitors are offering a variety of options at reasonable pricing to fulfil the demand for nickel acetate making it more accessible to customers in the global nickel acetate market.
Nickel acetate is a very pure anti-caking salt that is utilised in all plating procedures. Nickel acetate is manufactured particularly for use as an anodize sealer.
Nickel acetate is manufactured to exacting standards using carefully chosen raw materials and subjected to stringent quality control testing. Demand for nickel acetate in the industry is increasing tremendously as a result of these uses. Nickel acetate is used in a variety of applications hence improving sales of nickel acetate, including coinage, ceramic glazes, and aluminium surface treatments.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | US$ 52 Billion |
| Expected Market Value (2022) | US$ 54 Billion |
| Anticipated Forecast Value (2032) | US$ 80 Billion |
| Projected Growth Rate (2022 to 2032) | 4% CAGR |
Sales of nickel acetate is expected to rise significantly. In addition to this, sales of nickel acetate are rising on account of US$ 63.2 Bn by 2026. Increasing demand for nickel acetate is also projected to contribute to the growth of the nickel acetate market share.
Nickel acetate forms a corrosion-resistant layer on metal surfaces, preventing them from rusting and oxidising. It is a water-soluble source of nickel that degrades to nickel oxide upon heating, and metallic acetates are inorganic salts composed of the acetate anion and a metal cation. Sales of nickel acetate are increasing since it's a great material for manufacturing catalysts, nanoscale materials, and ultra-pure chemicals.
Manufacturers in the nickel acetate market get a big platform from which to serve the whole sales of nickel acetate. The worldwide nickel acetate market is seeing increased competition. With growing competition, new competitors are offering a variety of options at reasonable pricing, fulfilling the demand for nickel acetate more accessible to customers.
Eastmen Chemicals, Noah Technologies Corporation, Fairsky industrial co. Ltd., Hangzhou Yuhao Chemical Technology Co. Ltd., Zhangjiagang Huayi Chemical Co. Ltd., Palm international Inc., Accela ChemBio Inc., Axiom Chemicals Pvt. Ltd., Vesino industrial co. Ltd., Univertical, Forbes pharmaceuticals, Hunter Chemical LLC, ProChem Inc, Jilin Jien Nickel Industry Co. Ltd., TIB Chemicals AG, Seidler Chemical Co, Inc., Foshan Qiruide Additives co. Ltd., Alconix Corporation and others are some of the leading participants in the nickel acetate market.
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Nickel acetate is utilised in a variety of applications, including as a catalyst in aluminate sealing materials and in coinage so sales of nickel acetate are predicted to skyrocket. Nickel acetate forms a corrosion-resistant layer on metal surfaces, preventing them from rusting and oxidising which helps the sales of nickel acetate by increasing its applications.
Additionally, technological advancements and the increasing demand for nickel acetate in aluminium surface treatment are important factors boosting the nickel acetate market. However, due to its dangerous effects on human health.
Irritation and dermatitis are some of the factors through which sales of nickel acetate will decline, hence restraining the global demand for nickel acetate in the near future. Several of the leading producers fulfilling the demand for nickel acetate have been identified as being active in activities such as mass production and the establishment of new manufacturing facilities in developing countries contributing to the nickel acetate market share.
When it comes to geography, the Asia-Pacific region is likely to lead the worldwide sales of nickel acetate and is expected to maintain its dominance during the forecast years. China is predicted to dominate the nickel acetate market in the Asia-Pacific region, both in terms of production and consumption.
North America is likely to obtain a sizable revenue share in the approaching period. Europe is expected to be followed by North America in the worldwide demand for nickel acetate, with both regions expected to exhibit growth in sales of nickel acetate during the estimated period.
Latin America's nickel acetate market is expected to stagnate in the future years. Although the Middle East and Africa account for a relatively modest proportion of the market, sales of nickel acetate are likely to expand significantly in the near future.
Principal Consultant
The report consists of key players, contributing to the nickel acetate market share. It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions. This exclusive report analyzes the competitive landscape and nickel acetate market share acquired by players to strengthen their market position.
Eastmen Chemicals, Noah Technologies Corporation, Fairsky industrial co. Ltd., Hangzhou Yuhao Chemical Technology Co. Ltd., Zhangjiagang Huayi Chemical Co. Ltd., Palm international Inc., Accela ChemBio Inc., Axiom Chemicals Pvt. Ltd., Vesino industrial co. Ltd., Univertical, Forbes pharmaceuticals, Hunter Chemical LLC, ProChem Inc, Jilin Jien Nickel Industry Co. Ltd., TIB Chemicals AG, Seidler Chemical Co, Inc., Foshan Qiruide Additives co. Ltd., Alconix Corporation and others are some of the leading participants in the nickel acetate market.
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| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 4% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors and trends, Pricing Analysis |
| Segments covered | Product form, purity, application, region |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | AGC Inc.; Cevital Group; Euroglas; Guardian Industries; Saint-Gobain; Sisecam Group; Vitro |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail of customized purchase options to meet your exact research needs. |
The nickel acetate market is predicted to register a CAGR of 4% during the forecast period.
Key players holding substantial nickel acetate market share include Eastmen Chemicals, Noah Technologies Corporation, Fairsky industrial co. Ltd., Hangzhou Yuhao Foshan Qiruide Additives co. Ltd., Alconix Corporation and others
As per the analysis, the nickel acetate market share is likely to be US$ 63.2 Bn by 2026.
Additionally, technological advancements and the increasing demand for nickel acetate in aluminium surface treatment are important factors boosting the nickel acetate market.
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