The Global Electroplate Grade Nickel Sulfate Market was valued at USD 1.42 Billion in 2023 and is projected to reach USD 1.87 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period (2024–2030). This growth is primarily driven by the booming electronics sector, increased demand for corrosion-resistant coatings in automotive and industrial applications, and the pivotal role of nickel sulfate in the production of precursors for lithium-ion battery cathodes.

As industries worldwide pivot towards electrification and high-performance materials, the demand for high-purity nickel sulfate is accelerating. This essential chemical is the cornerstone of electroplating processes that provide durability, conductivity, and aesthetic appeal to countless products. In this blog, we profile the Top 10 Companies in the Electroplate Grade Nickel Sulfate Industry—a group of global miners, chemical processors, and specialty suppliers shaping the supply chain for this critical material.

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🔟 1. Umicore

Headquarters: Brussels, Belgium
Key Offering: High-Purity Electroplate Grade Nickel Sulfate, Battery-Grade Nickel Salts

Umicore is a global materials technology and recycling group, and a leading supplier of high-purity nickel sulfate. Its products are critical for electroplating applications in electronics, automotive trim, and industrial equipment. Umicore’s integrated approach, from recycling to refining, ensures a consistent supply of high-quality material.

Sustainability and Innovation Initiatives:

• Leadership in closed-loop recycling for nickel and other precious metals

• Significant investments in battery materials and sustainable sourcing

• Commitment to carbon-neutral operations by 2035

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Electroplate Grade Nickel Sulfate Market – View in Detailed Research Report

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9️⃣ 2. Jinchuan Group International Resources Co. Ltd.

Headquarters: Jinchang, Gansu, China
Key Offering: Nickel Sulfate Hexahydrate, Nickel Cathodes, Cobalt Products

Jinchuan Group is one of the largest nickel and cobalt producers in China and a major global player. The company’s extensive mining and refining operations provide a robust foundation for its electroplate grade nickel sulfate production, supplying key markets in Asia and beyond.

Sustainability and Innovation Initiatives:

• Vertical integration from mine to high-purity chemical products

• Expansion of nickel sulfate capacity to meet EV battery demand

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8️⃣ 3. Norilsk Nickel (Nornickel)

Headquarters: Moscow, Russia
Key Offering: Nickel Sulfate, Nickel Cathodes, Platinum Group Metals

Nornickel is the world’s largest producer of refined nickel and palladium. The company is a significant supplier of raw materials for nickel sulfate production. Its scale and mining assets make it a fundamental player in the global nickel supply chain, though geopolitical factors influence its market dynamics.

Sustainability and Innovation Initiatives:

• Major environmental modernization program at its Polar Division operations

• Focus on reducing sulfur dioxide emissions and improving operational sustainability

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7️⃣ 4. Sumitomo Metal Mining Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: High-Purity Nickel Sulfate, Cathode Materials for Li-ion Batteries

Sumitomo Metal Mining is a leading Japanese company with a strong presence in non-ferrous metals and advanced materials. Its high-purity nickel sulfate is essential for both electroplating and the rapidly growing battery sector, with a reputation for exceptional quality and consistency.

Sustainability and Innovation Initiatives:

• Strategic focus on materials for a carbon-neutral society

• Development of nickel-rich cathode materials to enhance battery performance

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Electroplate Grade Nickel Sulfate Market – View in Detailed Research Report

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6️⃣ 5. Ji Lin Ji En Nickel Industry Co., Ltd.

Headquarters: Jilin, China
Key Offering: Electroplate Grade Nickel Sulfate, Nickel Oxalate, Nickel Carbonate

Ji Lin Ji En Nickel Industry is a prominent Chinese manufacturer specializing in nickel-based chemicals. The company is a key domestic supplier of electroplate grade nickel sulfate, catering to the vast Chinese manufacturing and electronics plating industries.

Sustainability and Innovation Initiatives:

• Continuous improvement in production efficiency and product purity

• Serving the needs of regional industrial clusters

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5️⃣ 6. Jinco Nonferrous Metals Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: Nickel Sulfate, Cobalt Sulfate, Copper Sulfate

Jinco Nonferrous is a specialized producer of non-ferrous metal salts. The company’s electroplate grade nickel sulfate is used extensively in surface treatment and plating applications across various industries, supported by a strong distribution network within China.

Sustainability and Innovation Initiatives:

• Focus on producing high-quality, consistent products for demanding applications

• Adaptation to stringent environmental regulations in the chemicals sector

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4️⃣ 7. Dalian Ruiyuan Power Co., Ltd.

Headquarters: Dalian, Liaoning, China
Key Offering: Nickel Sulfate, Manganese Sulfate, Battery Precursor Chemicals

Dalian Ruiyuan Power is an emerging player in the battery materials and metal salts market. The company produces electroplate grade nickel sulfate, positioning itself to serve both the traditional electroplating market and the high-growth energy storage sector.

Sustainability and Innovation Initiatives:

• Investment in capacity expansion aligned with EV market growth

• Diversification of product portfolio to include key battery raw materials

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3️⃣ 8. BHP (via Nickel West)

Headquarters: Melbourne, Australia
Key Offering: Nickel Sulfate, Nickel Cathodes (as feedstock)

BHP’s Nickel West operation in Western Australia is a integrated mine-to-market nickel business. While a major producer of nickel metal, its strategic pivot includes producing nickel sulfate, a high-value product crucial for batteries and specialty chemicals, leveraging its ESG-compliant supply chain.

Sustainability and Innovation Initiatives:

• Transition from pure metal producer to battery materials supplier

• Focus on supplying low-carbon nickel to global markets

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2️⃣ 9. GEM Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: Nickel Sulfate, Cobalt Chemicals, Recycled Battery Materials

GEM is a world-leading company in the recycling of renewable resources, particularly end-of-life batteries. The company produces high-quality nickel sulfate from recycled sources, offering a sustainable alternative to primary production and supporting the circular economy for metals.

Sustainability and Innovation Initiatives:

• Pioneering urban mining and battery recycling technologies

• Massive scale-up of recycled nickel and cobalt sulfate production capacity

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1️⃣ 10. CoreMax Corporation

Headquarters: Kaohsiung, Taiwan
Key Offering: Electroplating Chemicals, Nickel Sulfate, Brighteners

CoreMax Corporation is a specialty chemical company focused on the electroplating industry. It supplies high-purity electroplate grade nickel sulfate alongside a comprehensive range of plating additives and chemicals, providing integrated solutions for surface finishing operations worldwide.

Sustainability and Innovation Initiatives:

• Development of advanced plating processes to reduce environmental impact

• Tailored chemical solutions for efficient and high-quality plating results

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Electroplate Grade Nickel Sulfate Market – View in Detailed Research Report

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🌍 Outlook: The Future of Electroplate Grade Nickel Sulfate Is Intertwined with Electrification

The electroplate grade nickel sulfate market is at a critical juncture. While its traditional applications in plating remain strong, the explosive growth of the electric vehicle industry is creating unprecedented demand, fundamentally reshaping supply chains and investment priorities.

📈 Key Trends Shaping the Market:

• Electric Vehicle Boom: Surging demand for nickel in lithium-ion battery cathodes (NMC, NCA) is the single largest growth driver.

• Supply Chain Diversification: Efforts to create resilient, geographically diverse nickel sulfate supply chains outside of dominant producing regions.

• Sustainability Focus: Increasing emphasis on low-carbon, ESG-compliant nickel production and the growth of recycling as a secondary source.

• Technological Advancements: Innovations in electroplating processes that demand even higher purity levels and specialized nickel sulfate formulations.

Get Full Report Here:
Electroplate Grade Nickel Sulfate Market – View in Detailed Research Report

The companies listed above are not only supplying a critical industrial chemical—they are enabling the technological advancement and sustainability of modern manufacturing and energy storage.