Carbonyl Nickel Powder Market Revenue at CAGR 4% By 2027
Posted On October 06, 2021
The Global Carbonyl Nickel Powder Market is foreseen to grow at a remarkable CAGR of 4% during the year 2021-2027 as estimated by the report from Value Market Research. The rapidly expanding need for electric vehicles around the world has produced a significant demand for nickel-based batteries, which is driving the carbonyl nickel powder market. Carbonyl nickel powder demand is expected to increase in the forecast period due to strong growth in the chemical and automotive industries. It's because nickel chloride, nickel sulphate, nickel hydroxide, and nickel sulfamate are widely used in the chemical industry to make high-purity nickel salts like nickel chloride, nickel sulphate, nickel hydroxide, and nickel sulfamate. In the long term, restrictions governing the use of hazardous materials may stifle the market. Carbonyl nickel powder's toxicity has a detrimental impact on the market. Current industry trends, such as the expanding number of regulations and rising initiatives promoting the sale of electric vehicles, are likely to generate profitable market prospects for market players.
Carbonyl nickel powders are quasi-spherical individual particles with a diameter of several microns. Nickel powders can be produced using a variety of methods, including atomization from melts or precipitation from solutions. Impurity nickel is refined using the nickel carbonyl gas technique. Carbonyl nickel powder is utilized as a catalyst in a variety of applications, including nylon manufacture and vehicle catalytic converters, as well as the creation of a wide range of automotive components and petrochemical catalysts.
The geographical and segmentation study covered in the report "Global Carbonyl Nickel Powder Market Report By Grade (Filamentary, Chemical, Powder Metallurgy), By Application (Chemical Industry, Powder Metallurgy Components, Metallurgy, Battery Electrodes & Fuel Cells, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" helps in understanding the upcoming trends of the market.
On the basis of grade the market is segmented into Filamentary, Chemical, Powder Metallurgy. By application the carbonyl nickel powder market is categorised as Chemical Industry, Powder Metallurgy Components, Metallurgy, Battery Electrodes & Fuel Cells, Others (Including High-purity Nickel Niobium Alloys). Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. This section provides the estimates of market by segment, thus providing valuable data to take strategic decisions.
The Report Segments Global Carbonyl Nickel Powder Market -
- Powder Metallurgy
- Chemical Industry
- Powder Metallurgy Components
- Battery Electrodes & Fuel Cells
- Others (Including High-purity Nickel Niobium Alloys)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Vale S.A., Jinchuan Group International Resources Ltd., PJSC MMC Norilsk Nickel, Glencore International AG, Sherritt International Corporation, Hunter Chemical LLC, CVMR Corporation, Sumitomo Metal Mining Co., Ltd., ERAMET Group, Novamet Specialty Products Corporation, BHP Billiton Limited, Novamet Specialty Products Corporation, Hunter Chemical LLC, CNPC POWDER GROUP CO., LTD, Lundin Mining Corporation, Anglo American plc, JFE MINERAL Co., LTD, Jiangyou Hebao Nano Materials Co., Ltd, and ERAMET Group.
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