Nickel Carbonate Market - Forecast (2022 - 2027)

The nickel Carbonate Market is forecast to reach $X.X billion by 2027, after growing at a CAGR of 4.5% during 2022-2027. With the rise in automotive production, the requirement for corrosive protection coatings demand will automatically increase this will increase the market growth for nickel carbonate in the near future. Growing public interest in coloured glasses in their homes will further enhance the overall market demand for Nickel Carbonate during the forecast period.

Nickel Carbonate Market Report Coverage

The report: “Nickel Carbonate Market - Forecast (2022-2027)” covers an in-depth analysis of the following segments of the Nickel Carbonate Market.

• By Application - Electroplating, Colouring Glass, Ceramic Pigments, Catalysts, Paints, Corrosion Protective Coatings, and Others.
• By Geography - North America, South America, Europe, APAC, and RoW

Key Takeaways

Asia-Pacific dominates the Nickel Carbonate market owing to increasing demand from applications such as electroplating, Corrosion protective coatings and Others.

The growing automotive production is likely to aid in the market growth of Nickel Carbonate.

In addition, the growing public interest in using coloured glass in their homes will increase the market demand for Nickel Carbonate in the near future.

COVID -19 pandemic will create hurdles for the Nickel Carbonate market.

Nickel Carbonate Market Segment Analysis - By Application

The corrosion protective coating segment has been the primary market for Nickel Carbonate. Anti-Corrosion Coating provides corrosion-resistant fastener coating services that offer rust protection and lubricating benefits. Corrosion-resistant coatings protect metal components against degradation due to moisture, salt spray, oxidation, or exposure to a variety of environmental chemicals. Anti-corrosion coatings allow for added protection of metal surfaces and acts as a barrier to inhibit the contact between chemical compounds or corrosive materials. Nickel coatings are commonly applied to steel, zinc, and other metals to provide protection against corrosion, erosion, and abrasion. Nickel coating increases fatigue strength. They are also resistant to carbon tetrachloride, oil, soaps and petrol.

Nickel Carbonate Market Segment Analysis - By Geography

APAC has dominated the Nickel Carbonate market with a share of more than xx%, followed by North America and Europe. In APAC, China India and Japan are the major markets in these regions. According to the annual report of OICA (International Organization of Motor Vehicle Manufacturers), for most vehicles manufactured in the year 2019, China, India & Japan are in the top 10 countries around the world. In which China has ranked 1st whereas India & Japan are ranked 5th and 3rd respectively. So, in countries like these, there is a chance of huge growth opportunity for the Nickel Carbonate market. This is because APAC consist a very dominant part in the world’s roadway network because of the large area it acquired. So, with the increase in the automotive sector the nickel carbonate market will also grow.

Nickel Carbonate Market Drivers

Growing demand for battery electric vehicles

The shift towards electric vehicles in the developed and developing nations would hamper the growth of existing IC engine vehicles and also increase the Nickel Carbonate market over the forecast timeframe. According to IEA, Norway, the Netherlands and Japan are frontrunners in the electronic vehicles segment. Norway held the share of 46 per cent in terms of the global new electric car sales as reported by IEA in 2018. In order to meet zero-emission targets under the “Paris Climate Accord”, in 2017, France government has announced that it will ban diesel and gasoline-powered vehicles completely and switch to electric-powered vehicles by 2040.

Growing demand for glass colouring

Nickel, depending on the concentration, produces blue, or violet, or even black glass. Lead with added nickel acquires purplish colour. Nickel together with a small amount of cobalt was used for decolorizing of lead glass. In the preparation of coloured glass, in the manufacture of certain nickel pigments, and as a neutralizing compound in nickel electroplating solution in the preparation of many speciality nickel compounds. These colures plates are generally used in homes for decoration. So with the rise in residential construction the nickel carbonate market is growing.

Nickel Carbonate Market Challenges

Impact of COVID 19

The rapid spread of coronavirus has had a major impact on global markets as major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods. One of the major difficulties, the market is facing is the shutdown of all kinds of international transportation. A global crisis for all sectors including shipping, which was hit by slowing demand in goods’ production and exports had slowdown the market for Nickel Carbonate.

Nickel Carbonate Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Nickel Carbonate market. Major players in the Nickel Carbonate Market are Ceramic Color and Chemical Mfg. Co, Sigma Aldrich Co. LLC, NILE CHEMICALS, Thermo Fisher Scientific Inc, The Shepherd Chemical Company, among others.

Acquisitions/Technology Launches

In November 2015, Merck Completes Sigma-Aldrich Acquisition, a $17 billion acquisition establishes a leading player in the life science industry. The New entity to enhance product range, capabilities and geographic reach.


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