Carbonyl Nickel Powder Market to Reach Valuation of ~US$ 1 Bn by 2027

1. Carbonyl Nickel Powder Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved

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3. Carbonyl Nickel Powder Market: Introduction The global carbonyl nickel powder market was valued at US$ 606.42 Mn in 2014 and is anticipated to expand at a CAGR of ~4% during the forecast period. The global carbonyl nickel powder market is driven by the increase in demand for carbonyl nickel powder in the chemical industry across the globe. Asia Pacific accounts for major share of the global carbonyl nickel powder market, led by high demand for carbonyl nickel powder among chemical manufacturers. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

4. Key Drivers of Carbonyl Nickel Powder Market • Nickel carbonyl is an organonickel compound with the formula Ni(CO)4. This colorless liquid is the principal carbonyl of nickel. Carbonyl nickel powder is primarily used in the chemical industry. The chemical industry constitutes more than 60% of the demand for carbonyl nickel powder. • Carbonyl nickel powder is employed in the chemical industry to produce high-purity nickel salts such as nickel sulfate, nickel chloride, nickel sulfamate, and nickel hydroxide. • Carbonyl nickel powder is also used in the manufacture of nylon and automotive catalytic converters. • Thus, increase in demand for nickel-based chemicals and catalysts is likely to boost the demand for carbonyl nickel powder during the forecast period.

5. Rise in Demand for Nickel-based Batteries to Offer Lucrative Opportunities for Carbonyl Nickel Powder Market Carbonyl nickel powder reacts with sulfuric acid to produce very high purity nickel sulfate for plating applications. Nickel sulfate can be further processed to form high-purity nickel hydroxide Ni(OH2), which is employed in the production of positive electrodes in nickel metal hydride batteries that are used in hybrid electric vehicles (HEVs). Nickel-based batteries such as nickel-cadmium (Ni–Cd) and nickel metal hydride (NiMH) batteries are widely available rechargeable battery systems in the world.  ©2019 Transparency Market Research, All Rights Reserved

6. Carbonyl Nickel Powder Market: Competition Landscape  CVMR Corporation, Glencore International AG, NovametSpecialty Products Corporation, Sumitomo Metal Mining Co., Ltd ERAMET Group.  ©2019 Transparency Market Research, All Rights Reserved

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