Global Nickel Acetate Market is expected to grow at a significant CAGR of 5.23% in the upcoming period as the scope and its applications are rising enormously across the globe. Nickel acetate is also termed as nickel (II) acetate tetrahydrate, nickelous acetate tetrahydrate, or nickel diacetate tetrahydrate is dull green odorless solid used for electroplating. An abstemiously water-soluble crystalline nickel source decomposes to nickel oxide on heating. It is formed by treating nickel (II) carbohydrate with acetic acid.
Its molecular formula is C4H6NiO4 and molecular weight is 176.781 g/mol. It is exclusively used in the combination of polynuclear-nickel polyoxotungstate cluster compounds that are perfect for the design of molecular magnets. It is used as a catalyst and alumite sealing material. It has an advantage of light fastness and increased weather on coatings dyed with organic dyes.
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The factors that are playing a major role in the growth of nickel acetate market are growth in technological enhancements, growing population, and high demand from manufacturers. However, strict government policy and its hazardous effects may restrain overall market growth in the years to come. Nickel acetate market is segmented based on forms, product type, application, and region.
Powder and crystal are the forms that could be explored in nickel acetate in the forecast period. (5N) 99.999% nickel(II) acetate tetrahydrate, (4N) 99.99% nickel(II) acetate tetrahydrate, (3N) 99.9% nickel(II) acetate tetrahydrate, and (2N) 99% nickel(II) acetate tetrahydrate are the product types that could be explored in nickel acetate in the forecast period. The market may be categorized based on applications like aluminum surface treatment, exact plating, ceramics glaze, chemical industry, petroleum industry, coinage, and others that could be explored in the forecast period.
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Globally, North America accounted for the substantial market share of nickel acetate and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in this region. The United States and Canada are the major nickel producer of nickel acetate. Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period.
The key players of the nickel acetate market are LabNetwork, Angene Chemical, eInhibitors, AKos Consulting & solutions, MolPort, Chembase.cn, Yuhao Chemical, Parchem, Vesino Industrial Co., Ltd., AN Pharma Tech, Biosynth, ChemTik, AA BLOCKS, and MP Biomedicals. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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Market Segment:
Report contents include
• Analysis of the nickel acetate market including revenues, future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Profiles on nickel acetate including products, sales/revenues, and market position
• Market structure, market drivers and restraints.
Key regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key vendors
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