Nickel Hydroxide Market Research
Report - Forecast to 2023
The global nickel hydroxide market is predicted to take a swift uptake during the assessment period
(2017-2023). It is an inorganic compound which is also known as Nickel (II) hydroxide or Ni (OH)2.
Nickel hydroxide is a crystalline solid that is odorless and apple green in color generally available in
the form of a powder. It readily dissolves in ammonium hydroxide and acids but insoluble in water.
This compound contains carcinogenic properties, thus is associated with growing risk of developing
nasal and lung cancer. Exposure to nickel hydroxide can lead to severe skin problems, asthma-like
allergies and dermatitis, and affects the neurological system, gastrointestinal tract, kidneys and
lungs. During decomposition this compound emits toxic fumes of metallic nickel.
Consumer electronics and portable devices increasing demand for rechargeable batteries is driving
the growth of the global nickel hydroxide market. Along with nickel-cadmium batteries this compound
is used as a catalyst too in various chemical reactions. This is another driving force that is pushing
the growth of the global nickel hydroxide market. The superior performance, utmost reliability and
long-battery life is expected to fuel the growth of the market. The additional factors that are
substantiating the growth of the global nickel hydroxide market include increase in the demand for
electronic devices that are battery-operated, increase in consumers’ purchasing power, improving
economic conditions, industrialization and urbanization and ever-increasing population across the
In Market Research Future (MRFR) report, the global nickel hydroxide market has been segmented
on the basis of application and end-user.
Based on application, it is segmented into catalyst and batteries.
Based on end-user, the nickel hydroxide market is segmented into chemical industry, electronics
industry and automotive industry.