硫酸ニッケル市場の2030年までの予測：形状別、グレード別、用途別、地域別の世界分析

Stratistics MRCによると、世界の硫酸ニッケル市場は、2024年に34億米ドルとなり、予測期間中のCAGRは5.1%で成長し、2030年までには46億米ドルに達する見込みです。

硫酸ニッケルは式NiSO4で表される無機化合物で、通常青色または緑色の結晶性固体です。水に非常に溶けやすく、様々な産業用途で重要な役割を果たしています。硫酸ニッケルは、主にニッケルベースの二次電池、特に電気自動車や電子機器用のリチウムイオン電池の製造に使用されます。さらに、金属に耐食性を与える電気めっきにも広く使用されています。

国際ニッケル研究グループによると、世界の一次ニッケル使用量は2022年に296万3,000トン、2023年に319万3,000トンでした。INSGは、2024年には344万5,000トンまで増加すると予測しています。

電池産業からの需要拡大

電気自動車（EV）の生産と普及の急速な拡大は、硫酸ニッケルが重要な構成要素であるリチウムイオン電池の必要性を煽っています。ニッケルを多く含む正極は、エネルギー密度が高く性能が向上するため好まれます。世界各国の政府がより厳しい排ガス規制を実施し、EV普及のためのインセンティブを提供しているため、バッテリー生産における硫酸ニッケルの需要は急増し、大幅な市場成長が見込まれます。

ニッケル価格の変動

硫酸ニッケル製造の主原料であるニッケルは、世界の需要、供給の途絶、経済状況の影響を受けて頻繁に価格が変動します。こうした価格変動は硫酸ニッケルの生産コスト全体に影響を与え、市場力学と収益性に影響を与えます。ニッケル鉱石の埋蔵量や生産能力に限りがあるなどの供給制約が、市場の課題をさらに悪化させています。価格の変動がもたらす不確実性は、市場関係者の投資や拡張計画の躊躇につながります。

持続可能なニッケルのリサイクル

環境規制が強化され、循環型経済の原則に対する意識が高まるにつれて、使用済み電池や産業廃棄物からニッケルをリサイクルする動きが活発化しています。リサイクルは、ニッケル採掘に伴う環境問題に対処するだけでなく、原料の安定供給を可能にし、価格変動リスクを軽減します。このアプローチは、電池業界における持続可能な実践に向けた世界の動きと合致しており、市場拡大の可能性を秘めています。

環境問題への反対

硫酸ニッケル市場にとって、特に生産方法とその環境への影響に関して、環境面からの反対が脅威となっています。特にニッケル銑鉄（NPI）やフェロニッケルを原料とする場合、硫酸ニッケルの生産にはエネルギー集約的なプロセスが伴うため、炭素排出や環境の持続可能性に対する懸念が高まっています。このような反対により、規制が強化されたり、生産コストが上昇したり、環境意識の高いメーカーや消費者が特定の硫酸ニッケル源を受け入れなくなる可能性があります。

COVID-19の影響：

COVID-19の大流行は当初、硫酸ニッケル市場を混乱させ、サプライチェーンの問題を引き起こし、産業活動の停滞による需要の減少を招きました。しかし、持続可能な輸送手段へのシフトも加速させ、多くの政府がEVインフラ整備を経済復興計画に組み込みました。景気が回復し、産業が操業を再開するにつれて、硫酸ニッケル市場は、電気自動車需要の増加と電池技術への注目の高まりに支えられ、緩やかな回復を経験しています。

予測期間中は七水和物セグメントが最大になる見込み

予測期間中、リチウムイオン（Li-Ion）電池分野が市場シェアを独占すると予想されます。この優位性は、電気自動車市場の急成長とエネルギー貯蔵システムの採用増加によるものです。硫酸ニッケルは、リチウムイオン電池用のニッケルリッチ正極の製造に不可欠な成分であり、より高いエネルギー密度と性能向上を実現します。電池技術の進歩が続いていることに加え、EVインフラへの投資の増加や政府の支援政策も相まって、この分野での硫酸ニッケル需要は拡大すると予想されます。

予測期間中、高純度グレードのCAGRが最も高くなる見込み

予測期間中、高純度グレードセグメントは最も高いCAGRで成長すると予想されます。この急成長の背景には、先進電池技術、特に電気自動車向けの高品質硫酸ニッケル需要の増加があります。高純度硫酸ニッケルは、電池効率、寿命、総合性能を高める高性能正極材料の製造に不可欠です。電池メーカーがエネルギー密度の向上とコスト削減に努める中、高純度硫酸ニッケルの需要は急増し、この分野の大幅な成長を牽引すると予想されます。

最大シェアの地域：

予測期間中、アジア太平洋地域が最大の市場シェアを占めると予想されます。この優位性の主要な要因は、中国の巨大なEV市場と、同地域全域にわたる政府の支援政策です。日本、韓国、インドなどの国々も、EVの生産と普及を急速に拡大しています。アジア太平洋地域の人口密度の高さ、都市化、環境意識の高まりは、電気自動車、ひいては硫酸ニッケルの旺盛な需要に寄与しています。バッテリー製造への多額の投資と大手ニッケルメーカーの存在が、この地域の市場における主導的地位をさらに強固なものにしています。

CAGRが最も高い地域：

アジア太平洋地域は、予測期間中に最も高いCAGRを達成すると予測されます。この急成長の背景には、EV普及に向けた政府の積極的な目標、バッテリー技術への多額の投資、同地域における大手自動車メーカーとバッテリーメーカーの存在があります。中国のような国々はEV市場の拡大に向けて野心的な目標を掲げており、インドや東南アジア諸国のような新興国は輸送手段の電動化への取り組みを強化しています。この地域の急速な技術進歩と都市化の進展は、硫酸ニッケル市場の継続的な高成長を促進すると予想されます。

無料のカスタマイズサービス

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます：

• 企業プロファイル
  • 追加市場プレイヤーの包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域セグメンテーション
  • 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査情報源
  • 1次調査情報源
  • 2次調査情報源
  • 前提条件

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• 用途分析
• 新興市場
• COVID-19の影響

第4章 ポーターのファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界の硫酸ニッケル市場：形状別

• 無水
• 七水和物
• 六水和物

第6章 世界の硫酸ニッケル市場：グレード別

• ENグレード
• メッキグレード
• 高純度グレード

第7章 世界の硫酸ニッケル市場：用途別

• 電気メッキ
• バッテリー
• 化学処理
• 触媒
• 顔料
• 染色・プリント
• その他の用途

第8章 世界の硫酸ニッケル市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東・アフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東・アフリカ

第9章 主要な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品発売
• 事業拡大
• その他の主要戦略

第10章 企業プロファイリング

• BHP Group
• Vale S.A.
• Norilsk Nickel
• Glencore International AG
• Jinchuan Group International Resources Co. Ltd.
• Sumitomo Metal Mining Co. Ltd.
• Shandong Xinhai Technology Co. Ltd.
• China Molybdenum Co. Ltd.
• Eramet S.A.
• KGHM Polska Miedz S.A.
• Metallo-Chimique Group
• Nornickel
• Anglo American plc
• Tsingshan Holding Group
• Umicore
• SMM Nickel
• Alliance Nickel Ltd
• Shaanxi Jincheng Group

List of Tables

• Table 1 Global Nickel Sulfate Market Outlook, By Region (2022-2030) ($MN)
• Table 2 Global Nickel Sulfate Market Outlook, By Form (2022-2030) ($MN)
• Table 3 Global Nickel Sulfate Market Outlook, By Anhydrous (2022-2030) ($MN)
• Table 4 Global Nickel Sulfate Market Outlook, By Heptahydrate (2022-2030) ($MN)
• Table 5 Global Nickel Sulfate Market Outlook, By Hexahydrate (2022-2030) ($MN)
• Table 6 Global Nickel Sulfate Market Outlook, By Grade (2022-2030) ($MN)
• Table 7 Global Nickel Sulfate Market Outlook, By EN Grade (2022-2030) ($MN)
• Table 8 Global Nickel Sulfate Market Outlook, By Plating Grade (2022-2030) ($MN)
• Table 9 Global Nickel Sulfate Market Outlook, By High-Purity Grade (2022-2030) ($MN)
• Table 10 Global Nickel Sulfate Market Outlook, By Application (2022-2030) ($MN)
• Table 11 Global Nickel Sulfate Market Outlook, By Electroplating (2022-2030) ($MN)
• Table 12 Global Nickel Sulfate Market Outlook, By Batteries (2022-2030) ($MN)
• Table 13 Global Nickel Sulfate Market Outlook, By Chemical Processing (2022-2030) ($MN)
• Table 14 Global Nickel Sulfate Market Outlook, By Catalysis (2022-2030) ($MN)
• Table 15 Global Nickel Sulfate Market Outlook, By Pigments (2022-2030) ($MN)
• Table 16 Global Nickel Sulfate Market Outlook, By Dyeing and Printing (2022-2030) ($MN)
• Table 17 Global Nickel Sulfate Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 18 North America Nickel Sulfate Market Outlook, By Country (2022-2030) ($MN)
• Table 19 North America Nickel Sulfate Market Outlook, By Form (2022-2030) ($MN)
• Table 20 North America Nickel Sulfate Market Outlook, By Anhydrous (2022-2030) ($MN)
• Table 21 North America Nickel Sulfate Market Outlook, By Heptahydrate (2022-2030) ($MN)
• Table 22 North America Nickel Sulfate Market Outlook, By Hexahydrate (2022-2030) ($MN)
• Table 23 North America Nickel Sulfate Market Outlook, By Grade (2022-2030) ($MN)
• Table 24 North America Nickel Sulfate Market Outlook, By EN Grade (2022-2030) ($MN)
• Table 25 North America Nickel Sulfate Market Outlook, By Plating Grade (2022-2030) ($MN)
• Table 26 North America Nickel Sulfate Market Outlook, By High-Purity Grade (2022-2030) ($MN)
• Table 27 North America Nickel Sulfate Market Outlook, By Application (2022-2030) ($MN)
• Table 28 North America Nickel Sulfate Market Outlook, By Electroplating (2022-2030) ($MN)
• Table 29 North America Nickel Sulfate Market Outlook, By Batteries (2022-2030) ($MN)
• Table 30 North America Nickel Sulfate Market Outlook, By Chemical Processing (2022-2030) ($MN)
• Table 31 North America Nickel Sulfate Market Outlook, By Catalysis (2022-2030) ($MN)
• Table 32 North America Nickel Sulfate Market Outlook, By Pigments (2022-2030) ($MN)
• Table 33 North America Nickel Sulfate Market Outlook, By Dyeing and Printing (2022-2030) ($MN)
• Table 34 North America Nickel Sulfate Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 35 Europe Nickel Sulfate Market Outlook, By Country (2022-2030) ($MN)
• Table 36 Europe Nickel Sulfate Market Outlook, By Form (2022-2030) ($MN)
• Table 37 Europe Nickel Sulfate Market Outlook, By Anhydrous (2022-2030) ($MN)
• Table 38 Europe Nickel Sulfate Market Outlook, By Heptahydrate (2022-2030) ($MN)
• Table 39 Europe Nickel Sulfate Market Outlook, By Hexahydrate (2022-2030) ($MN)
• Table 40 Europe Nickel Sulfate Market Outlook, By Grade (2022-2030) ($MN)
• Table 41 Europe Nickel Sulfate Market Outlook, By EN Grade (2022-2030) ($MN)
• Table 42 Europe Nickel Sulfate Market Outlook, By Plating Grade (2022-2030) ($MN)
• Table 43 Europe Nickel Sulfate Market Outlook, By High-Purity Grade (2022-2030) ($MN)
• Table 44 Europe Nickel Sulfate Market Outlook, By Application (2022-2030) ($MN)
• Table 45 Europe Nickel Sulfate Market Outlook, By Electroplating (2022-2030) ($MN)
• Table 46 Europe Nickel Sulfate Market Outlook, By Batteries (2022-2030) ($MN)
• Table 47 Europe Nickel Sulfate Market Outlook, By Chemical Processing (2022-2030) ($MN)
• Table 48 Europe Nickel Sulfate Market Outlook, By Catalysis (2022-2030) ($MN)
• Table 49 Europe Nickel Sulfate Market Outlook, By Pigments (2022-2030) ($MN)
• Table 50 Europe Nickel Sulfate Market Outlook, By Dyeing and Printing (2022-2030) ($MN)
• Table 51 Europe Nickel Sulfate Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 52 Asia Pacific Nickel Sulfate Market Outlook, By Country (2022-2030) ($MN)
• Table 53 Asia Pacific Nickel Sulfate Market Outlook, By Form (2022-2030) ($MN)
• Table 54 Asia Pacific Nickel Sulfate Market Outlook, By Anhydrous (2022-2030) ($MN)
• Table 55 Asia Pacific Nickel Sulfate Market Outlook, By Heptahydrate (2022-2030) ($MN)
• Table 56 Asia Pacific Nickel Sulfate Market Outlook, By Hexahydrate (2022-2030) ($MN)
• Table 57 Asia Pacific Nickel Sulfate Market Outlook, By Grade (2022-2030) ($MN)
• Table 58 Asia Pacific Nickel Sulfate Market Outlook, By EN Grade (2022-2030) ($MN)
• Table 59 Asia Pacific Nickel Sulfate Market Outlook, By Plating Grade (2022-2030) ($MN)
• Table 60 Asia Pacific Nickel Sulfate Market Outlook, By High-Purity Grade (2022-2030) ($MN)
• Table 61 Asia Pacific Nickel Sulfate Market Outlook, By Application (2022-2030) ($MN)
• Table 62 Asia Pacific Nickel Sulfate Market Outlook, By Electroplating (2022-2030) ($MN)
• Table 63 Asia Pacific Nickel Sulfate Market Outlook, By Batteries (2022-2030) ($MN)
• Table 64 Asia Pacific Nickel Sulfate Market Outlook, By Chemical Processing (2022-2030) ($MN)
• Table 65 Asia Pacific Nickel Sulfate Market Outlook, By Catalysis (2022-2030) ($MN)
• Table 66 Asia Pacific Nickel Sulfate Market Outlook, By Pigments (2022-2030) ($MN)
• Table 67 Asia Pacific Nickel Sulfate Market Outlook, By Dyeing and Printing (2022-2030) ($MN)
• Table 68 Asia Pacific Nickel Sulfate Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 69 South America Nickel Sulfate Market Outlook, By Country (2022-2030) ($MN)
• Table 70 South America Nickel Sulfate Market Outlook, By Form (2022-2030) ($MN)
• Table 71 South America Nickel Sulfate Market Outlook, By Anhydrous (2022-2030) ($MN)
• Table 72 South America Nickel Sulfate Market Outlook, By Heptahydrate (2022-2030) ($MN)
• Table 73 South America Nickel Sulfate Market Outlook, By Hexahydrate (2022-2030) ($MN)
• Table 74 South America Nickel Sulfate Market Outlook, By Grade (2022-2030) ($MN)
• Table 75 South America Nickel Sulfate Market Outlook, By EN Grade (2022-2030) ($MN)
• Table 76 South America Nickel Sulfate Market Outlook, By Plating Grade (2022-2030) ($MN)
• Table 77 South America Nickel Sulfate Market Outlook, By High-Purity Grade (2022-2030) ($MN)
• Table 78 South America Nickel Sulfate Market Outlook, By Application (2022-2030) ($MN)
• Table 79 South America Nickel Sulfate Market Outlook, By Electroplating (2022-2030) ($MN)
• Table 80 South America Nickel Sulfate Market Outlook, By Batteries (2022-2030) ($MN)
• Table 81 South America Nickel Sulfate Market Outlook, By Chemical Processing (2022-2030) ($MN)
• Table 82 South America Nickel Sulfate Market Outlook, By Catalysis (2022-2030) ($MN)
• Table 83 South America Nickel Sulfate Market Outlook, By Pigments (2022-2030) ($MN)
• Table 84 South America Nickel Sulfate Market Outlook, By Dyeing and Printing (2022-2030) ($MN)
• Table 85 South America Nickel Sulfate Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 86 Middle East & Africa Nickel Sulfate Market Outlook, By Country (2022-2030) ($MN)
• Table 87 Middle East & Africa Nickel Sulfate Market Outlook, By Form (2022-2030) ($MN)
• Table 88 Middle East & Africa Nickel Sulfate Market Outlook, By Anhydrous (2022-2030) ($MN)
• Table 89 Middle East & Africa Nickel Sulfate Market Outlook, By Heptahydrate (2022-2030) ($MN)
• Table 90 Middle East & Africa Nickel Sulfate Market Outlook, By Hexahydrate (2022-2030) ($MN)
• Table 91 Middle East & Africa Nickel Sulfate Market Outlook, By Grade (2022-2030) ($MN)
• Table 92 Middle East & Africa Nickel Sulfate Market Outlook, By EN Grade (2022-2030) ($MN)
• Table 93 Middle East & Africa Nickel Sulfate Market Outlook, By Plating Grade (2022-2030) ($MN)
• Table 94 Middle East & Africa Nickel Sulfate Market Outlook, By High-Purity Grade (2022-2030) ($MN)
• Table 95 Middle East & Africa Nickel Sulfate Market Outlook, By Application (2022-2030) ($MN)
• Table 96 Middle East & Africa Nickel Sulfate Market Outlook, By Electroplating (2022-2030) ($MN)
• Table 97 Middle East & Africa Nickel Sulfate Market Outlook, By Batteries (2022-2030) ($MN)
• Table 98 Middle East & Africa Nickel Sulfate Market Outlook, By Chemical Processing (2022-2030) ($MN)
• Table 99 Middle East & Africa Nickel Sulfate Market Outlook, By Catalysis (2022-2030) ($MN)
• Table 100 Middle East & Africa Nickel Sulfate Market Outlook, By Pigments (2022-2030) ($MN)
• Table 101 Middle East & Africa Nickel Sulfate Market Outlook, By Dyeing and Printing (2022-2030) ($MN)
• Table 102 Middle East & Africa Nickel Sulfate Market Outlook, By Other Applications (2022-2030) ($MN)

According to Stratistics MRC, the Global Nickel Sulfate Market is accounted for $3.4 billion in 2024 and is expected to reach $4.6 billion by 2030 growing at a CAGR of 5.1% during the forecast period. Nickel sulfate is an inorganic compound with the formula NiSO4, typically occurring as a blue or green crystalline solid. It is highly soluble in water and plays a crucial role in various industrial applications. Nickel sulfate is primarily used in the production of nickel-based rechargeable batteries, particularly lithium-ion batteries for electric vehicles and electronics. Additionally, it is widely employed in electroplating, where it provides corrosion resistance to metals.

According to the International Nickel Study Group, world primary nickel usage was 2.963 Mt in 2022 and 3.193 Mt in 2023. The INSG forecasts an increase to 3.445 MT in 2024.

Market Dynamics:

Driver:

Growing demand from battery industry

The rapid expansion of electric vehicle (EV) production and adoption is fueling the need for lithium-ion batteries, where nickel sulfate is a crucial component. Nickel-rich cathodes are preferred for their higher energy density and improved performance. As governments worldwide implement stricter emission regulations and offer incentives for EV adoption, the demand for nickel sulfate in battery production is expected to surge, driving significant market growth.

Restraint:

Volatility in nickel prices

Nickel, the primary raw material for nickel sulfate production, experiences frequent price fluctuations influenced by global demand, supply disruptions, and economic conditions. These price variations impact the overall production costs of nickel sulfate, affecting market dynamics and profitability. Supply constraints, including limited nickel ore reserves and production capacity, further exacerbate market challenges. The uncertainty created by fluctuating prices leads to hesitancy in investment and expansion plans among market players.

Opportunity:

Recycling of nickel for sustainability

As environmental regulations become stricter and awareness of circular economy principles grows, the recycling of nickel from used batteries and industrial waste is gaining traction. Recycling not only addresses environmental concerns associated with nickel mining but also provides a steady supply of raw material, mitigating risks of price volatility. This approach aligns with the global push towards sustainable practices in the battery industry and offers potential for market expansion.

Threat:

Environmental opposition

Environmental opposition poses a threat to the nickel sulfate market, particularly concerning the production methods and their environmental impact. The energy-intensive processes involved in nickel sulfate production, especially when derived from nickel pig iron (NPI) or ferronickel, have raised concerns about carbon emissions and environmental sustainability. This opposition could lead to stricter regulations, increased production costs, or reduced acceptance of certain nickel sulfate sources by environmentally conscious manufacturers and consumers.

Covid-19 Impact:

The COVID-19 pandemic initially disrupted the nickel sulfate market, causing supply chain issues and reduced demand due to slowdowns in industrial activities. However, it also accelerated the shift towards sustainable transportation, with many governments incorporating EV infrastructure development into economic recovery plans. As economies recover and industries resume operations, the nickel sulfate market is experiencing a gradual recovery, supported by increasing demand for electric vehicles and a growing focus on battery technologies.

The heptahydrate segment is expected to be the largest during the forecast period

Over the forecasted timeframe, the lithium-ion (Li-Ion) batteries segment is anticipated to dominate the market share. This dominance is driven by the rapid growth of the electric vehicle market and increasing adoption of energy storage systems. Nickel sulfate is a critical component in the production of nickel-rich cathodes for Li-Ion batteries, which offer higher energy density and improved performance. The ongoing advancements in battery technology, coupled with increasing investments in EV infrastructure and supportive government policies, are expected to bolster the demand for nickel sulfate in this segment.

The high-purity grade segment is expected to have the highest CAGR during the forecast period

During the projection period, the high-purity grade segment is expected to grow at the highest CAGR. This rapid growth is attributed to the increasing demand for high-quality nickel sulfate in advanced battery technologies, particularly for electric vehicles. High-purity nickel sulfate is essential for producing high-performance cathode materials that enhance battery efficiency, longevity, and overall performance. As battery manufacturers strive to improve energy density and reduce costs, the demand for high-purity nickel sulfate is expected to surge, driving significant growth in this segment.

Region with largest share:

During the estimation period, the Asia Pacific region is expected to capture the largest market share. This dominance is primarily driven by China's massive EV market and supportive government policies across the region. Countries like Japan, South Korea, and India are also rapidly expanding their EV production and adoption. The high population density, urbanization, and increasing environmental awareness in Asia Pacific contribute to the strong demand for electric vehicles and, consequently, nickel sulfate. Significant investments in battery manufacturing and the presence of major nickel producers further solidify the region's leading position in the market.

Region with highest CAGR:

The Asia Pacific region is projected to achieve the highest CAGR during the forecast period. This rapid growth is fueled by aggressive government targets for EV adoption, substantial investments in battery technology, and the presence of major automotive and battery manufacturers in the region. Countries like China are setting ambitious goals for expanding their EV market, while emerging economies such as India and Southeast Asian nations are ramping up their efforts to electrify transportation. The region's fast-paced technological advancements and increasing urbanization are expected to drive continued high growth in the nickel sulfate market.

Key players in the market

Some of the key players in Nickel Sulfate Market include BHP Group, Vale S.A., Norilsk Nickel, Glencore International AG, Jinchuan Group International Resources Co. Ltd., Sumitomo Metal Mining Co. Ltd., Shandong Xinhai Technology Co. Ltd., China Molybdenum Co. Ltd., Eramet S.A., KGHM Polska Miedz S.A., Metallo-Chimique Group, Nornickel, Anglo American plc, Tsingshan Holding Group, Umicore, SMM Nickel, Alliance Nickel Ltd, and Shaanxi Jincheng Group.

Key Developments:

In April 2023, Stellantis N.V. and Alliance Nickel Ltd (formerly GME Resources) announced the signing of a binding offtake agreement for the supply of 170,000 tons of nickel sulphate and 12,000 tons of cobalt sulphate in total over an initial five-year period. This represents approximately 40% of forecast annual production of the NiWest Nickel-Cobalt Project in Western Australia. Pricing for the nickel and cobalt sulphate is linked to index prices.

In November 2022, Vale Canada Limited, a subsidiary of Vale, and General Motors Co., announced they have signed a term sheet for the long-term supply of battery grade nickel sulfate from Vale's proposed plant at Becancour, Quebec, Canada. This agreement secures for GM a supply of nickel sulfate from a U.S. free-trade partner to support its fast-growing EV production needs in North America. Under terms of the agreement, Vale will supply battery grade nickel sulfate, equivalent to 25,000 metric tons per year of contained nickel, for use in GM's Ultium battery cathodes, which will power a broad portfolio of electric vehicles including the Chevrolet Silverado EV, Blazer EV and Equinox EV, the Cadillac LYRIQ, the GMC Sierra EV, and the GMC HUMMER EV Pickup and SUV. The amount of contained nickel is sufficient to supply approximately 350,000 EVs annually.

Forms Covered:

• Anhydrous
• Heptahydrate
• Hexahydrate

Grades Covered:

• EN Grade
• Plating Grade
• High-Purity Grade

Applications Covered:

• Electroplating
• Batteries
• Chemical Processing
• Catalysis
• Pigments
• Dyeing and Printing
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Nickel Sulfate Market, By Form

• 5.1 Introduction
• 5.2 Anhydrous
• 5.3 Heptahydrate
• 5.4 Hexahydrate

6 Global Nickel Sulfate Market, By Grade

• 6.1 Introduction
• 6.2 EN Grade
• 6.3 Plating Grade
• 6.4 High-Purity Grade

7 Global Nickel Sulfate Market, By Application

• 7.1 Introduction
• 7.2 Electroplating
• 7.3 Batteries
• 7.4 Chemical Processing
• 7.5 Catalysis
• 7.6 Pigments
• 7.7 Dyeing and Printing
• 7.8 Other Applications

8 Global Nickel Sulfate Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 BHP Group
• 10.2 Vale S.A.
• 10.3 Norilsk Nickel
• 10.4 Glencore International AG
• 10.5 Jinchuan Group International Resources Co. Ltd.
• 10.6 Sumitomo Metal Mining Co. Ltd.
• 10.7 Shandong Xinhai Technology Co. Ltd.
• 10.8 China Molybdenum Co. Ltd.
• 10.9 Eramet S.A.
• 10.10 KGHM Polska Miedz S.A.
• 10.11 Metallo-Chimique Group
• 10.12 Nornickel
• 10.13 Anglo American plc
• 10.14 Tsingshan Holding Group
• 10.15 Umicore
• 10.16 SMM Nickel
• 10.17 Alliance Nickel Ltd
• 10.18 Shaanxi Jincheng Group