QYR analysts predict that the global Nickel Sulfate market is expected to reach 1199.48 K Tonnes by 2021

Nickel Sulfate, usually refers to the inorganic compound with the formula NiSO4 (H2O)6. This highly soluble blue-coloured salt is a common source of the Ni2+ ion for electroplating. At least seven Sulfate salts of nickel (II) are known. These salts differ in terms of their hydration or crystal habit.

Nickel Sulfate industry has much fragmented, manufacturers are mostly in the USA. Among them, USA Sales value accounted for less than 29.50% of the total value of global Nickel Sulfate in 2016. Norilsk Nickel is the world leading manufacturer in global Nickel Sulfate market with the market share of 12.45% in 2016.

Compared to 2015, Nickel Sulfate market managed to decrease sales by 4.99% to 1.85 Billion USD worldwide in 2016.

According to QYResearch, The global Nickel Sulfate production market is expected to reach 3.97 Billion USD by 2022 from 1.96 Billion USD in 2017, growing at a CAGR of 7.09% from 2017 to 2022. And USA market is expected to become the biggest Consumption market with 777.78 million USD of revenue in 2022.

In the past few years, as the main raw material price was reduced, with the increasing in production capacity, expected that the Nickel Sulfate raw material price will be stable in the future. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of Nickel Sulfate.

There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.

The average price of Nickel Sulfate will fall further. The product average price declined in the past few years due to the technology development.

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