Battery Grade Nickel Sulphate Market
Market Size, Share Global Outlook and Forecast 2025-2032
Publication Date: 23 April 2025
Automotive Adhesives & Sealants Market Overview
Battery Grade Nickel Sulphate refers to a specialized form of nickel sulfate utilized primarily in the production of lithium-ion batteries. It is categorized into battery grade and electroplating grade, with the former being a crucial component in ternary materials for lithium-ion batteries, aiding in the creation of NCM and NCA chemistries.
Market Value & Growth Projections
Market Value & Growth Projections:
Market Value in 2024 : $3101
million
Projected Value by 2031: $5826 million
CAGR 9.7% (2024–2031)
Key Market Drivers:
Growing Demand for Electric Vehicles
Rising Investments in Energy Storage Solutions
Market Segmentation
Key Market Players
Sumitomo Metal Mining
Terrafame Ltd
Jinchuan Group Ji
Regional Market Analysis
North America:
North America exhibits a growing demand for Battery Grade Nickel Sulphate, driven by the increasing adoption of electric vehicles and rising investments in renewable energy storage solutions. The United States, Canada, and Mexico are key markets within the region, with a notable focus on technological advancements in battery materials.
Europe:
Europe showcases a significant presence in the Battery Grade Nickel Sulphate market, with countries like Germany, France, and the United Kingdom leading the way in battery manufacturing. The region emphasizes sustainability and energy efficiency, propelling the demand for high-quality nickel sulfate for battery applications.
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