Report Overview
Nickel Sulphate 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 emobility solutions.
Market Analysis
The 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%.
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.
