碳酸镍市场机将达到459.6美元ion By 2032

According to the latest market analysis, the global nickel carbonate market is expected to grow significantly with a growth rate of 5.6%.

Nickel carbonate is widely used as a source of nickel in the electroplating industry for a variety of recent applications. Currently, the electroplating industry is growing rapidly at a high cagR due to the large increase in demand for high-performance metals. Significant growth in end-use industries such as automotive and construction is expected to contribute to the growth of these metals during the forecast period.

Zinc-nickel plating solutions are a widely accepted solution for developing corrosion resistance of metals used in the automotive and construction industries. Nickel carbonate is used as a nickel source in such electroplating solutions and is expected to boost sales of nickel carbonate during the upcoming evaluation period 2022-2032.

In addition, nickel carbonate is gaining fair appeal as a catalyst in a variety of end-use industries. The oil and gas industry plays a key role in promoting the use of nickel carbonate as a nickel catalyst. The continued growth in demand for cleaner and higher quality fuels is expected to be a key reason for the strong growth in demand for nickel catalysts in the oil and gas industry, as it is used for the ions of unsaturated compounds produced during selective hydrogenation steam cracking.

However, the high price of products due to the use of expensive raw materials such as nickel remains a long-term challenge for manufacturers and consumers. High product prices force manufacturers and consumers to find and develop cost-effective solutions to maintain a competitive atmosphere in the market.

"Substantial growth in the plating industry is expected to be a key driver of nickel carbonate growth during the forecast period," FMI analysts said.

The global nickel carbonate market is expected to grow at a cagR of 5.6% over the forecast period to more than us $459.6 million.

The growing demand for nickel carbonate for electroplating is expected to drive the growth of the market in recent years.

Major manufacturers are committed to providing tailored solutions for consumers and gaining a competitive advantage in the market.

The electroplating industry is the main consumer application of nickel carbonate. The sector is expected to consume about 72 per cent of nickel carbonate per year.

As consumers continue to shift to higher quality products. 42% - 46% nickel carbonate is expected to grow substantially during the forecast period.

Despite various driving factors, the high price of nickel carbonate is controlling the growth rate of the global nickel carbonate market.