Nickel Acetate Market Drivers, Revenue Analysis and Growth Prospect till 2023
Global Nickel Acetate Market is expected to grow at a significant CAGR of 5.23% in the upcoming period as the scope and its applications are rising enormously across the globe. Nickel acetate is also termed as nickel (II) acetate tetrahydrate, nickelous acetate tetrahydrate, or nickel diacetate tetrahydrate is dull green odorless solid used for electroplating. An abstemiously water-soluble crystalline nickel source decomposes to nickel oxide on heating. It is formed by treating nickel (II) carbohydrate with acetic acid. Its molecular formula is C4H6NiO4 and molecular weight is 176.781 g/mol. It is exclusively used in the combination of polynuclear-nickel polyoxotungstate cluster compounds that are perfect for the design of molecular magnets. It is used as a catalyst and alumite sealing material. It has an advantage of light fastness and increased weather on coatings dyed with organic dyes.
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