Return to: Marketing NewsNickel Sulphate Market Outlook 2025–2032: Growth Analysis, Industry Trends, Key Players, and Strategic Forecast InsightsThe global Nickel Sulphate market was valued at USD 2.34 billion in 2024 and is projected to reach USD 3.56 billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030. In the United States, the market size is estimated at USD 456.3 million in 2024, anticipated to reach USD 678.2 million by 2030, at a CAGR of 6.8%. Report Sample includes: - Table of Contents - List of Tables & Figures - Charts - Research Methodology Get FREE Sample of this Report at https://www.intelmarketresearch.com/download-free-sample/832/nickel-sulphate-market Nickel Sulphate, chemically represented as NiSOâ??·6Hâ??O, is a highly soluble, bluish crystalline inorganic compound widely utilized across several industrial applications. It plays a pivotal role in electroplating, chemical manufacturing, and most significantly, the battery sector, especially in lithium-ion battery cathodes for electric vehicles (EVs). With its ability to offer high-purity nickel essential for battery-grade materials, Nickel Sulphate is rapidly becoming a cornerstone in the global shift toward sustainable energy and e-mobility solutions. In 2023, the global production volume of Nickel Sulphate hit 1.85 million metric tons, with the EV battery segment accounting for 65% of market value. This surge aligns with the booming demand for clean mobility and energy storage solutions. Competitor Analysis (in brief) The global Nickel Sulphate market is moderately consolidated with major players focusing on strategic expansions, technological improvements, and downstream integration. Notable players include: • Umicore – A major supplier of battery materials, emphasizing sustainable sourcing. • Norilsk Nickel – Leading in nickel extraction and refining, now expanding into sulphate production. • Sumitomo Metal Mining – Invests heavily in battery-grade nickel sulphate. • Green Eco-Manufacturer – Known for environmentally responsible nickel sulphate production. • Jilin Jien Nickel Industry and Huaze Cobalt & Nickel – Key suppliers in the Chinese domestic market. Other players like Univertical, Nicomet, Coremax, and Zenith maintain regional strongholds and contribute to niche market development. January 2024, Sumitomo Metal Mining Canada Ltd., subsidiary of Sumitomo Metal Mining Co., Ltd., purchased 9.9% of the equity of FPX Nickel Corp. through private placement for an amount of about USD 14.45 million. The purpose of this investment is to attain a stable source of nickel supply for battery manufacture. 2024, Abaxx Exchange, headquartered in Singapore, intends to launch the globe's first futures contract for nickel sulphate, a critical ingredient in electric vehicle batteries. The move will offer a new risk management instrument for the market players. April 2023, Stellantis and Alliance Nickel Ltd. (formerly GME Resources) have reached agreement to provide 170,000 tons of nickel sulphate and 12,000 tons of cobalt sulphate in five years' supply, representing approximately 40% of the estimated annual output of the NiWest Nickel-Cobalt Project in Western Australia. Market Segmentation (by Grade) • Battery Grade • Technical Grade • Others Market Segmentation (by Application) • Batteries • Electroplating • Catalysts • Chemical Intermediates • Others Market Segmentation (by End Use Industry) • Automotive • Electronics • Chemical • Aerospace • Energy and Power • Others Get FREE Sample of this Report at https://www.intelmarketresearch.com/download-free-sample/832/nickel-sulphate-market Key Company • Umicore • Norilsk Nickel • Sumitomo Metal Mining • Green Eco-Manufacturer • Huaze Cobalt & Nickel • Jilin Jien Nickel Industry • Seido Chemical Industry • Jinco Nonferrous • Univertical • Nicomet • Zenith • Coremax Geographic Segmentation • North America: USA, Canada, Mexico • Europe: Germany, UK, France, Italy, Russia, Rest of Europe • Asia-Pacific: China, Japan, South Korea, India, Southeast Asia, Rest of APAC • South America: Brazil, Argentina, Colombia, Rest of South America • Middle East & Africa: Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA Global Nickel Sulphate Market: Market Segmentation Analysis This report provides a deep insight into the global Nickel Sulphate market, covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc. The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and assessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Nickel Sulphate Market, introducing in detail the market share, market performance, product situation, operation situation, etc., of the main players. This helps industry stakeholders identify the key competitors and understand the competitive pattern of the market. FAQs on the Global Nickel Sulphate Market Q1. What is the current size of the global Nickel Sulphate market? As of 2024, the global Nickel Sulphate market is valued at USD 2.34 billion. Q2. What is the projected market size of Nickel Sulphate by 2030? The market is expected to reach USD 3.56 billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030. Q3. What is the market size of Nickel Sulphate in the United States? The U.S. Nickel Sulphate market is estimated at USD 456.3 million in 2024, with a projected value of USD 678.2 million by 2030, growing at a CAGR of 6.8%. Q4. What factors are driving the growth of the Nickel Sulphate market? Key growth drivers include the rising demand for electric vehicles (EVs), increased battery production, and expanding applications in electroplating and catalysts. Q5. How is the Nickel Sulphate market segmented? The market is typically segmented by form (liquid, powder), application (batteries, electroplating, chemicals), and end-use industry (automotive, electronics, industrial). Get the Complete Report & TOC at https://www.intelmarketresearch.com/chemicals-and-materials/832/nickel-sulphate-market CONTACT US: 276 5th Avenue, New York , NY 10001,United States International: +91 9169164321 Email: help@intelmarketresearch.com Follow Us On linkedin :- https://www.linkedin.com/company/intelsight-research/ About intel market research : Established ourselves in the year 2015, Intel Market Reports is a popular market research company that provides an in-depth quantified market research report. The Purpose is to deliver effective and fruit-bearing market research reports. Our portfolio includes the list of 30+ companies belonging to the Fortune 500 list. We have achieved this milestone in less than half a decade. Visit Our Website - https://www.intelmarketresearch.com #NickelSulphateMarketTrend #NickelSulphateMarketGrowth #NickelSulphateMarketSize #NickelSulphateMarketShare #NickelSulphateFore ... News Release: Nickel Sulphate Market Outlook 2025–2032: Growth Analysis, Industry Trends, Key Players, and Strategic Forecast Insights Submitted on: May 14, 2025 07:41:19 AM Submitted by: AMISHA On behalf of: https://www.intelmarketresearch.com/chemicals-and-materials/832/nickel-sulphate-market |