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Nickel carbonate can be described as a blend of inorganic compounds that contain nickel and carbonate. Nickel carbonate is also known as carbonic acid nickel salt, nickelous carbonate, nickel monocarbonate, and nickel (II) carbonate. Nickel carbonate appears as a light green rhombohedral crystal at room temperature. Nickel carbonate is odorless. Nickel carbonate is soluble in acids, and insoluble in water. Nickel carbonate can be easily converted to other nickel compounds, such as oxide by heating. This process is called as calcination. Nickel carbonate occurs in nature as a hexahydrate (hellyerite) and as a hydroxyhydrate. These are two basic forms of nickel carbonate. The molecular formula of these two forms is Ni4CO3(OH)6(H2O)4 and NiCO32Ni(OH)2 respectively.   From the industrial perspective, important type of nickel carbonate is nickel carbonate basic, with molecular formula Ni4CO3(OH)6(H2O)4. The second type of nickel carbonate occurs in nature as a mineral, zaratite. Zaratite is not a single mineral, but a composite of amorphous and fibrous components.  Nickel carbonate is moderately toxic and can cause irritation. If overexposed to nickel carbonate, it can cause irritation of digestive tract, irritation of respiratory tract, skin irritation, and eye irritation. Prolonged or repeated exposure to nickel carbonate can cause dermatitis.

Nickel carbonate is primarily used to prepare nickel catalysts and several specialty compounds of nickel. Nickel carbonate is also used as a neutralizing agent in nickel plating solutions. In electroplating process, there is an extensive use of nickel carbonate. Fuel manufacturing companies remove sulphur by using nickel carbonate-based catalysts. Nickel carbonate is also preferred as a potential edible oil hardening agent.  Nickel carbonate has found its use in petroleum refining industry. Nickel carbonate is particularly suitable for the provision of the nickel elements needed in the nickel and zinc coatings to provide corrosion protection to the steel used in automotive applications. Other applications of nickel carbonate are in coloring of glass, and in the manufacture of ceramic pigments.  Such multiple applications of nickel carbonate are eventually creating a positive prospect for the global nickel carbonate market.  

The global nickel carbonate market is expected to grow at a single digit CAGR from 2014 to 2020. The major driver for nickel carbonate market is growing automobile industry especially in developing nations such as China and India. Nickel carbonate shows toxicity to human beings, this can act as a restraining factor for the growth of global nickel carbonate market.  

Asia Pacific is projected to be the fastest growing market for nickel carbonate in the next six years. The main reason for this is the growing demand for nickel carbonate market from developing countries such as China and India. The Asia Pacific market is expected to be followed closely by European market. Europe and Asia Pacific are the leaders in the production of nickel carbonate across the globe as more than two third of the total global primary nickel production takes place in Europe and Asia Pacific. Consumption wise also Asia Pacific and Europe are the two major reasons which are leaders in the consumption of nickel carbonate across the globe. 

Some of the major companies operating in the global nickel carbonate market are Ceramic Color and Chemical Mfg. Co., Sigma Aldrich Co. LLC., NILE CHEMICALS, Thermo Fisher Scientific Inc., The Shepherd Chemical Company, ALT Cobalt & Nickel Products (Dalian) Co. Ltd., and OM Group, Inc. 

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Nickel Carbonate Market

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