Global Nickel Acetate Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Form;

Solid, Liquid and Powder.

By Purity;

Less Than 99% Pure, 99% Pure, and Greater Than 99% Pure

By Application;

Electroplating, Ceramics Glaze, Aluminum Surface Treatment, and Coinage

By Distribution Channel;

Online Sales, Distributors, and Direct Sales

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn481309295 Published Date: May, 2025 Updated Date: June, 2025

Nickel Acetate Market Overview

Nickel Acetate Market (USD Million)

Nickel Acetate Market was valued at USD 58,473.31 million in the year 2024. The size of this market is expected to increase to USD 76,739.96 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.


Global Nickel Acetate Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 4.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.0 %
Market Size (2024)USD 58,473.31 Million
Market Size (2031)USD 76,739.96 Million
Market ConcentrationHigh
Report Pages329
58,473.31
2024
76,739.96
2031

Major Players

  • Noah Technologies Corporation
  • Fairsky industrial co. Ltd
  • Hangzhou Yuhao Chemical Technology Co. Ltd
  • Zhangjiagang Huayi Chemical Co. Ltd.
  • Palm international In
  • Accela ChemBio Inc.,
  • Axiom Chemicals Pvt. Ltd.
  • Vesino industrial co. Ltd.,
  • Univertical

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Nickel Acetate Market

Fragmented - Highly competitive market without dominant players


The Nickel Acetate Market is witnessing consistent growth, driven by its versatile applications in surface finishing, electroplating, and catalysis. Nickel acetate serves as a critical intermediate in the production of various nickel compounds, accounting for over 40% of its overall demand. Its unique properties, including high corrosion resistance and thermal stability, make it essential for industries such as automotive and electronics.

Electroplating Applications Drive Market Expansion
Electroplating represents approximately 30% of global nickel acetate usage, driven by its ability to form durable, conductive layers on various substrates. This enhances the wear resistance and appearance of products, making it a critical process for the automotive and electronics sectors. With these industries expanding rapidly, the demand for nickel acetate in electroplating is poised for substantial growth.

Catalysis and Chemical Manufacturing
In addition to surface finishing, nickel acetate plays a vital role in catalysis and chemical manufacturing, accounting for nearly 20% of market demand. It is commonly used as a catalyst precursor in hydrogenation and carbonylation reactions, supporting the production of fine chemicals and pharmaceuticals.

Sustainability Trends and Future Growth
The market is also experiencing a shift towards sustainability, with over 15% of manufacturers adopting eco-friendly production methods. This trend, focused on reducing carbon footprint and promoting recyclability, is creating new growth opportunities, positioning the nickel acetate market for steady expansion in the years ahead.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Form
    2. Market Snapshot, By Purity
    3. Market Snapshot, By Application
    4. Market Snapshot, By Distribution Channel
    5. Market Snapshot, By Region
  4. Nickel Acetate Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Electroplating Demand
        2. Expanding Electronics Industry
        3. Automotive Sector Growth
        4. Chemical Industry Advancements
      2. Restraints
        1. Unstable raw material pricing

        2. Heightened environmental impact concerns

        3. Rising manufacturing cost pressures

        Opportunities
        1. Breakthroughs in material technology

        2. Accelerated emerging market growth

        3. Development of sustainable solutions

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Nickel Acetate Market, By Product Form, 2021 - 2031 (USD Million)
      1. Solid
      2. Liquid
      3. Powder
    2. Nickel Acetate Market, By Purity, 2021 - 2031 (USD Million)
      1. Less Than 99% Pure
      2. 99% Pure
      3. Greater Than 99% Pure
    3. Nickel Acetate Market, By Application, 2021 - 2031 (USD Million)

      1. Electroplating

      2. Ceramics Glaze

      3. Aluminum Surface Treatment

      4. Coinage

    4. Globa Nickel Acetate Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Online Sales
      2. Distributors
      3. Direct Sales
    5. Nickel Acetate Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Noah Technologies Corporation
      2. Fairsky industrial co. Ltd
      3. Hangzhou Yuhao Chemical Technology Co. Ltd
      4. Zhangjiagang Huayi Chemical Co. Ltd.
      5. Palm international In
      6. Accela ChemBio Inc.,
      7. Axiom Chemicals Pvt. Ltd.
      8. Vesino industrial co. Ltd.,
      9. Univertical
  7. Analyst Views
  8. Future Outlook of the Market