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

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Carbonyl Nickel Powder Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2027

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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.

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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.

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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
  (NiCd) and nickel metal hydride (NiMH) batteries
  are widely available rechargeable battery systems
  in the world. 

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Carbonyl Nickel Powder Market Competition
Landscape

•  CVMR Corporation,
• Glencore International AG,
• Novamet Specialty Products Corporation,
• Sumitomo Metal Mining Co., Ltd
• ERAMET Group. 

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