수산화 니켈 시장 : 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the nickel hydroxide market size was valued at USD 2.42 billion in 2025 and is estimated to grow from USD 2.66 billion in 2026 to reach USD 3.52 billion by 2031, at a CAGR of 5.76% during the forecast period (2026-2031).

This report is Segmented by Product Type (Battery-Grade Nickel Hydroxide, and More), Purity (Battery Grade, Industrial Grade), Form (Powder, and More), Application (Rechargeable Batteries, and More), End-Use Industry (Battery Manufacturing, Automotive, and More), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Global Nickel Hydroxide Market Trends and Insights

Rapid EV Adoption Intensifying Cathode Precursor Demand

Global EV battery deployment is expected to reach 1.2 TWh in 2025, a 30% increase from 2024, keeping battery materials demand on a strong upward trajectory. The nickel hydroxide market benefits from this shift, as higher-energy battery platforms continue to rely on nickel-rich cathode chemistries to deliver longer range and stronger performance. The premium EV segment remains especially important, as vehicle programs targeting longer driving ranges continue to favor nickel-bearing chemistries over lower-cost alternatives outside China. This trend sustains demand for materials that can move directly into cathode precursor production while meeting consistent purity and particle control requirements. Therefore, the nickel hydroxide market tracks not only EV unit sales but also the battery chemistry mix selected for those vehicles. As high-nickel cell platforms advance further into commercial use, material demand increases in a more concentrated and specification-driven manner.

Structural Shift Toward High-Purity Battery-Grade Specifications Redefining Supply Standards

The nickel hydroxide market is moving away from industrial-grade material and toward battery-grade supply that can meet stricter cathode manufacturing standards. Battery Grade with 99% and above purity held 64.9% of revenue in 2025, which shows how much the market already depends on advanced battery applications. This change is being reinforced by formal supply chain requirements, including tighter quality and traceability expectations across battery materials procurement . Producers that can maintain tighter impurity controls and more reliable co-precipitation performance are better placed to secure long-term customer approvals. The nickel hydroxide market is also becoming harder for new entrants to access because qualification standards now matter as much as nominal installed capacity. That combination supports pricing discipline for established suppliers, even when broader nickel supply appears more comfortable.

High Capital Requirements Constraining Battery-Grade Capacity Expansion

The nickel hydroxide market faces a significant barrier due to the high cost of building and qualifying battery-grade co-precipitation lines. New facilities require more than construction capital; they also need process validation, waste treatment systems, and customer approvals, which can take years to complete. This challenge is more pronounced in North America and Europe, where labor and environmental compliance costs are higher than in China. U.S. policy discussions have also highlighted that domestic critical mineral and battery material production still carries a cost disadvantage compared to imports, especially in processing stages that have received less support than lithium and graphite. As a result, the nickel hydroxide market favors larger, more integrated players that can spread costs across mining, intermediate processing, and precursor manufacturing. Smaller producers can still participate, but they often struggle to match price and specification consistency simultaneously.

Other drivers and restraints analyzed in the detailed report include:

1. Growing Grid-Scale Energy Storage Deployment Broadening Demand Beyond EVs
2. Government Localization Mandates Reshaping Supply Chain Geography
3. LFP Chemistry Adoption Moderating But Not Eliminating Demand Growth

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Battery-grade nickel hydroxide accounted for 53.81% of the nickel hydroxide market share in 2025, reflecting the strong shift in demand toward battery-related applications. This segment leads as cathode active material producers increasingly require precursor inputs that support nickel-rich battery formulations and stricter process tolerances. Industrial-grade nickel hydroxide continues to serve electroplating, pigments, and general chemical synthesis applications, maintaining its role in the broader nickel hydroxide industry. However, it has a slower growth profile as the revenue mix continues to shift toward higher-value battery specifications. As a result, the nickel hydroxide market is becoming more dependent on producers that can supply qualified battery materials rather than generic chemical grades.

Cobalt-coated nickel hydroxide is projected to register a CAGR of 6.62% through 2031, making it the fastest-growing product sub-category in the nickel hydroxide market. Demand is increasing as cathode producers use cobalt surface treatment to improve cycle stability and reduce structural degradation in high-nickel electrodes. High-density nickel hydroxide is also gaining traction in solid-state battery precursor development, where packing density and slurry performance are critical. Product differentiation now depends on both technical performance and procurement confidence, as buyers increasingly assess sustainability and supply chain compliance alongside chemistry. This trend keeps the nickel hydroxide market focused on higher-specification products that are harder to replace and more difficult to qualify.

Battery Grade nickel hydroxide with 99% and above purity accounted for 64.93% of revenue in 2025 and is expected to grow at a 6.31% CAGR through 2031. This performance indicates that purity has become a commercial requirement in the nickel hydroxide market rather than an optional premium feature. Buyers in battery supply chains require tighter impurity control, more stable particle characteristics, and more reliable lot-to-lot consistency. Industrial Grade nickel hydroxide with below 99% purity continues to support electroplating, ceramics, pigments, and commodity chemical applications, keeping its demand base intact. However, it has lower pricing power because it does not occupy a central position in advanced battery procurement.

The shift toward tighter standards is also changing which companies can compete effectively in the nickel hydroxide market. Producers that consistently supply higher-purity material are better positioned to secure customer approvals and maintain stronger margins. Regulatory pressure further reinforces this divide, as quality, traceability, and process control are receiving greater formal attention across battery-related supply chains. Small volumes of ultra-high-purity material for emerging battery platforms may remain niche today, but they add an important premium layer to the product mix. As a result, the nickel hydroxide market is becoming more quality-driven, supporting established suppliers with proven processing capabilities.

Complete Report Scope:

• By Product Type
  • Battery-Grade Nickel Hydroxide
  • Industrial-Grade Nickel Hydroxide
  • Cobalt-Coated Nickel Hydroxide
  • High-Density Nickel Hydroxide
  • Other Product Types
• By Purity
  • Battery Grade (99% and Above)
  • Industrial Grade (Below 99%)
• By Form
  • Powder
  • Granules
  • Spherical
  • Other Forms
• By Application
  • Rechargeable Batteries
  • Electroplating
  • Catalysts
  • Ceramics and Pigments
  • Chemical Intermediates
  • Other Applications
• By End-Use Industry
  • Battery Manufacturing
  • Automotive
  • Electronics
  • Chemical Industry
  • Aerospace and Defense
  • Other End-Use Industries
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Russia
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific held 59.23% of the nickel hydroxide market share in 2025, which kept the region firmly at the center of global production and consumption. China remains the core of this position because it combines cathode precursor processing, battery manufacturing, and large end-market demand within one tightly linked supply chain. Japan adds strength through precision nickel refining and specialty materials capability, which supports higher-specification battery inputs. South Korea also plays a central role through integrated battery materials groups that continue to secure upstream nickel supply and expand downstream cathode capacity. The nickel hydroxide market in Asia-Pacific therefore benefits from scale, process depth, and supply chain coordination that other regions are still building.

North America is projected to grow at a 6.37% CAGR through 2031, which makes it the fastest-growing regional part of the nickel hydroxide market size. This growth is being driven by the Inflation Reduction Act, localization targets, and a broad effort to reduce dependence on imported battery materials. The region is still building its upstream base, which is why support for domestic nickel processing has become strategically important. Canada and Mexico are also becoming more integrated into this regional battery network as OEMs work to meet domestic content and supply chain eligibility rules. For the nickel hydroxide market, this means future demand growth in North America will depend not only on battery assembly, but also on whether qualified precursor and feedstock capacity can be built locally.

Europe remains an important demand center in the nickel hydroxide market because it has an established NMC battery manufacturing base and strict regulatory expectations. Germany, the UK, France, and Italy continue to anchor regional demand through automaker-linked battery investment and industrial chemicals use. The EU Battery Regulation is a major commercial filter because it strengthens carbon footprint disclosure and due diligence requirements for EV battery supply chains . South America and the Middle East and Africa remain smaller in current size, but they are becoming more relevant as EV incentives, refining demand, and new battery materials projects create room for future processing growth.

1. Sumitomo Metal Mining Co., Ltd.
2. Jinchuan Group International Resources Co. Ltd.
3. Umicore
4. Tanaka Chemical Corporation
5. Jilin Jien Nickel Industry Co., Ltd.
6. Jiangmen Fangyuan New Materials Co., Ltd.
7. Henan Kelong New Energy Co., Ltd.
8. American Elements
9. CNGR Advanced Material Co., Ltd.
10. Guangxi Yinyi Science and Technology Co., Ltd.
11. Anhui Yaland New Materials Co., Ltd.
12. Zhejiang Taikai Battery Materials Co., Ltd.
13. GFS Chemicals
14. Johnson Matthey
15. Nornickel Harjavalta Oy
16. GEM Co., Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Rapid adoption of electric vehicles and high-nickel lithium-ion batteries.
  • 4.2.2 Shift to High-Purity Battery-Grade Nickel Hydroxide
  • 4.2.3 Increasing demand for energy storage systems.
  • 4.2.4 Growing use of nickel hydroxide in catalyst and specialty chemical applications.
  • 4.2.5 Government support for localized battery material supply chains.
• 4.3 Market Restraints
  • 4.3.1 High capital investment required for battery-grade nickel hydroxide production.
  • 4.3.2 Shift toward alternative battery chemistries with lower nickel content
  • 4.3.3 Nickel Feedstock Price Volatility
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces Analysis
  • 4.5.1 Threat of New Entrants
  • 4.5.2 Bargaining Power of Suppliers
  • 4.5.3 Bargaining Power of Buyers
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Competitive Rivalry

5 Market Size and Growth Forecasts (Value)

• 5.1 By Product Type
  • 5.1.1 Battery-Grade Nickel Hydroxide
  • 5.1.2 Industrial-Grade Nickel Hydroxide
  • 5.1.3 Cobalt-Coated Nickel Hydroxide
  • 5.1.4 High-Density Nickel Hydroxide
  • 5.1.5 Other Product Types
• 5.2 By Purity
  • 5.2.1 Battery Grade (99% and Above)
  • 5.2.2 Industrial Grade (Below 99%)
• 5.3 By Form
  • 5.3.1 Powder
  • 5.3.2 Granules
  • 5.3.3 Spherical
  • 5.3.4 Other Forms
• 5.4 By Application
  • 5.4.1 Rechargeable Batteries
  • 5.4.2 Electroplating
  • 5.4.3 Catalysts
  • 5.4.4 Ceramics and Pigments
  • 5.4.5 Chemical Intermediates
  • 5.4.6 Other Applications
• 5.5 By End-Use Industry
  • 5.5.1 Battery Manufacturing
  • 5.5.2 Automotive
  • 5.5.3 Electronics
  • 5.5.4 Chemical Industry
  • 5.5.5 Aerospace and Defense
  • 5.5.6 Other End-Use Industries
• 5.6 By Geography
  • 5.6.1 Asia-Pacific
    • 5.6.1.1 China
    • 5.6.1.2 India
    • 5.6.1.3 Japan
    • 5.6.1.4 South Korea
    • 5.6.1.5 Rest of Asia Pacific
  • 5.6.2 North America
    • 5.6.2.1 United States
    • 5.6.2.2 Canada
    • 5.6.2.3 Mexico
  • 5.6.3 Europe
    • 5.6.3.1 Germany
    • 5.6.3.2 United Kingdom
    • 5.6.3.3 France
    • 5.6.3.4 Italy
    • 5.6.3.5 Russia
    • 5.6.3.6 Rest of Europe
  • 5.6.4 South America
    • 5.6.4.1 Brazil
    • 5.6.4.2 Argentina
    • 5.6.4.3 Rest of South America
  • 5.6.5 Middle East and Africa
    • 5.6.5.1 Saudi Arabia
    • 5.6.5.2 South Africa
    • 5.6.5.3 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share (%)/Ranking Analysis
• 6.4 Company Profiles (includes Global Overview, Market Overview, Core Segments, Financials as available, Strategic Information, Products and Services, and Recent Developments)
  • 6.4.1 Sumitomo Metal Mining Co., Ltd.
  • 6.4.2 Jinchuan Group International Resources Co. Ltd.
  • 6.4.3 Umicore
  • 6.4.4 Tanaka Chemical Corporation
  • 6.4.5 Jilin Jien Nickel Industry Co., Ltd.
  • 6.4.6 Jiangmen Fangyuan New Materials Co., Ltd.
  • 6.4.7 Henan Kelong New Energy Co., Ltd.
  • 6.4.8 American Elements
  • 6.4.9 CNGR Advanced Material Co., Ltd.
  • 6.4.10 Guangxi Yinyi Science and Technology Co., Ltd.
  • 6.4.11 Anhui Yaland New Materials Co., Ltd.
  • 6.4.12 Zhejiang Taikai Battery Materials Co., Ltd.
  • 6.4.13 GFS Chemicals
  • 6.4.14 Johnson Matthey
  • 6.4.15 Nornickel Harjavalta Oy
  • 6.4.16 GEM Co., Ltd.

7 Market Opportunities and Future Outlook

• 7.1 White-Space and Unmet-Need Assessment