- Demand for nickel acetate is growing exponentially across a wide range of industries.
- Nickel acetate's hazardous effects on human health may reduce demand and restrain market growth.
- The global nickel acetate market is anticipated to be led by the Asia-Pacific region.
Nickel acetate is an exceptionally high purity, anti-caking salt which is used in all types of plating processes, and nickel acetate is specifically produced for use as an anodize sealer. Nickel acetate is produced to demanding specifications from attentively selected raw material, and it subjected to precise quality control testing. Because of these applications of nickel acetate, its demand in the market is growing exponentially. Nickel acetate is utilized in various applications which include coinage, ceramics glaze, aluminum surface treatments, and some others.
Nickel acetate creates a corrosion resistant coating that protects a metal from rusting and oxidizing. It is a water soluble nickel source that deteriorates to nickel oxide after heating, and the metallic acetates is inorganic salts containing the acetate anion and a metal cation. The nickel acetate is excellent for the production of catalysts, nanoscale materials, and ultra-high purity compounds.
Global Nickel Acetate Market: Dynamics
Nickel acetate has many applications, such as it is used as a catalyst in alumite sealing material, also it is use in coinage application. Nickel acetate creates a corrosion resistant coating that protects a metal from rusting and oxidizing. Moreover technological enhancement, rising usage of nickel acetate in aluminum surface treatment are the major factor which is driving the growth of nickel acetate market.
However, hazardous effects on human health, such as irritation and dermatitis, will reduce the demand for nickel acetate and in turn will restrain the growth of the global nickel acetate market over the near future.
Some of the prominent manufacturers of nickel acetate are found to be involved in the activities such as mass production and introduction of new manufacturing plants across the developing regions.
Global Nickel Acetate Market: Regional Outlook
Considering regions, the global nickel acetate market is anticipated to be led by the Asia-Pacific region and is expected to continue its dominance over the forecast years. In the Asia-Pacific region, China is expected to lead the nickel acetate market in terms of both productions as well as consumption. North America expected to gain substantial market share in terms of revenue in the coming period. Europe region is anticipated to be followed by North America in the global nickel acetate market and is anticipated to follow the same trend over the forecasted period. Latin America is anticipated to witness stagnant growth in nickel acetate market in the coming years. Middle East & Africa accounts for a comparatively small share in the market, however the demand for nickel acetate expected to grow at a significant pace over the near future.
Global Nickel Acetate Market: Market Participants
Some of the key players involved in the global nickel acetate market include Eastmen Chemicals, Noah Technologies Corporation, Fairsky industrial co. Ltd., Hangzhou Yuhao Chemical Technology Co. Ltd., Zhangjiagang Huayi Chemical Co. Ltd., Palm international Inc., Accela ChemBio Inc., Axiom Chemicals Pvt. Ltd., Vesino industrial co. Ltd., Univertical, Forbes pharmaceuticals, Hunter Chemical LLC, ProChem Inc, Jilin Jien Nickel Industry Co. Ltd., TIB Chemicals AG, Seidler Chemical Co, Inc., Foshan Qiruide Additives co. Ltd., Alconix Corporation and others.