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Global Nickel Carbonate Market Anticipated to Reach USD 2,81,695.3 Thousand by 2027


Global Nickel Carbon

iCrowdNewswire   Jan 12, 2021  11:00 AM ET

Global Nickel Carbonate Market Summary

According to a recent market study published by Growth Market Reports (GMR), titled, “Global Nickel Carbonate Market by Type, Application and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 219,744.5 Thousand in 2019 and is expected to grow at a moderate growth rate of 3.9% by the year 2027. The global nickel carbonate market is anticipated to grow owing to the increasing utilization of nickel carbonate in electrical & electronics’, automotive, ceramics, and glass industries. This is anticipated to increasing demand for global nickel carbonate market during the forecast period.

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The global nickel carbonate market is fragmented based on type, application, and region. In terms of type, the market is segmented into industrial grade, and ACS & reagent grade. Based on application, the market is classified as plating, catalyst, pigments, and others. On the basis of region, the global nickel carbonate market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, and Rest of Asia Pacific. The Europe region is further categorized into Germany, France, Italy, U.K., Spain, Russia, CIS, and Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and Rest of MEA.

In year 2020, the nickel carbonate market is witnessing downtrend owing to the negative impact of COVID 19 pandemic. The COVID-19 pandemic has a rapid and serious impact on the global nickel carbonate market, which has increased the risk of shortages of goods and labor. Moreover, the pandemic situation has led to the closure of several businesses reducing the demand in the world, which in turn, is impeding the various industry. The decrease in the supply chain of raw materials has impacted the growth of the nickel carbonate market. The slowdown in the production of its raw materials have given rise to supply chain disruption in the nickel carbonate market. Many countries have closed their national borders and have enforced lockdowns since January 2020, which in turn, is hindering the market growth. The pandemic has hampered the manufacturing sector and economies globally. There is no clarity on the deeper effects has been assessed to date.

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As per GMR industry analyst Partha, “The global nickel carbonate market is anticipated to witness significant growth during forecast period 2020-2027, owing to its varied use in several end use industries. It is widely used in electroplating. Demand for nickel carbonate is increasing as a neutralizing agent. The industrial grade segment, plating segments are the most attractive segments in the market and are expected to grow at a significant CAGR during the forecast period.

Key Takeaways from the Study:

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Report Scope:

Report Metric

Details

Market Value in 2019

USD 2,19,744.5 Thousand

Market Growth Rate (from 2020 to 2027)

3.9%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Units Considered

Value (000’ USD) and Volume (Tons)

Market Segments

By Type, By Application

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

U.S., Canada, Brazil, Mexico, Rest of Latin America, China, Japan, South Korea, India, Australia, Rest of Asia Pacific, Germany, France, Italy, U.K., Spain, Russia, CIS, Rest of Europe, Saudi Arabia, South Africa, UAE, and Rest of MEA.

Key Companies Profiled

American Elements, Fairsky Industrial Co.,Limited, GFS Chemicals, Inc., Goel Metachem Pvt. Ltd., Hunter Chemical, LLC, J.N. Chemical, MetChem, Nile Info (Nile Chemicals), Norilsk Nickel, SEIDO CHEMICAL INDUSTRY CO., LTD., Merck KGaA, TAB-PRO LLC., Thermo Fisher Scientific, Inc., TIB Chemicals AG, UMA CHEMICALS, Umicore, Vale , Vishnupriya Chemicals Pvt Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

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