Press Release

TMRR recently published a market study on the global Nickel Hydroxide market that sheds light on the various trends that are playing an imperative role in shaping the growth of the Nickel Hydroxide market. The report provides a detailed analysis of the Nickel Hydroxide supply chain, value chain, and business execution across various regional markets. According to the study, the Nickel Hydroxide market is slated to witness a CAGR growth of ~XX% during the forecast period (2019-2029) and exceed market value of ~US$ XX by the end of 2019.

Furthermore, the report includes the company profiles of some of the most established market players operating in the Nickel Hydroxide market. The market share, regional presence, pricing strategy, marketing strategy, revenue growth, and product portfolio of each company is provided in the presented market study. The various market players included in the report include, company 1, company 2, company 3, and company 4.

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Important Takeaways from the Nickel Hydroxide Market Report

  • Analysis of the micro and macro-economic factors likely to impact the dynamics of the Nickel Hydroxide market
  • Important trends and developments in the Nickel Hydroxide market
  • The projected growth of each market segment and sub-segment
  • Winning strategies of stakeholders in the Nickel Hydroxide market
  • Recent innovations, product launches, technological advances

Drivers and Trends 

The soaring demand for batteries worldwide is a major growth driver in the global nickel hydroxide market. Nickel hydroxide are primarily used as electrodes in electrochemical batteries. Some of the unique perceived benefits of nickel hydroxide batteries are their longer life, better reliability, and superior performance, as compared to the other types of batteries. This has also led to their swift uptake. 

Countering the growth in the market, however, is the rising concerns over its toxicity concerns. Nickel hydroxide releases toxic gases when heated. Exposure to nickel hydroxide can result in acute dermatitis and skin and asthma-like allergies. It affects kidneys, lungs, gastrointestinal tract, and the neurological system. Additionally, nickel hydroxide is a carcinogen that can up the risk of lung and nasal cancers. Besides, the concerns about health, another major market deterrent is the rising raw material prices that might hamper production in the upcoming years.

A noticeable trend in the global nickel hydroxide market is the strong emphasis on improving the product portfolio by top-tier companies to enhance their consumer base. Additionally, savvy companies are expending their energies to tap into the emerging economies in Asia Pacific, the Middle East and Africa, and Latin America, as they exhibit solid potential. 

Global Nickel Hydroxide Market: Regional Outlook 

Based on geography, the key segments of the global nickel hydroxide market are Europe, North America, Asia Pacific, and the Rest of the World. Asia Pacific, among them, is a lucrative market that is poised for robust growth in the near future. In fact, China in Asia Pacific is a top producer and consumer of nickel hydroxide due to the substantial usage of electrochemical batteries. The market in Latin America too is expected to grow at a rapid pace. At present, North America and Europe are dominating in terms of market share. 

Companies Mentioned in Report 

To present a detailed assessment of the competition prevailing in the global nickel hydroxide market, the report profiles companies such as ALT Cobalt & Nickel, Sigma-Aldrich Co. LLC., Sumitomo Metal Mining Co., Ltd, , Norilsk Nickel, Nippy Chemicals, Jien Nickel, BHP Billiton, Vale, Glencore, ERAMET, Hard Creek, and Henan Kelong.

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The report aims to clarify some key doubts pertaining to the Nickel Hydroxide market such as:

  1. What is the estimated revenue growth of the Nickel Hydroxide market through the forecast period?
  2. Which region is expected to generate the highest revenue during the assessment period?
  3. What are the leading market players operating in the Nickel Hydroxide market?
  4. What are the most suitable marketing and promotional channels for market players in the Nickel Hydroxide market?
  5. What are the factors that are likely to hinder the growth of the Nickel Hydroxide market in the upcoming years?

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