세계의 배터리 등급 니켈 시장 전망(-2030년) : 유형별, 공급원별, 유통 경로별, 용도별, 최종 사용자별, 지역별 분석

According to Stratistics MRC, the Global Battery Grade Nickel Market is growing at a CAGR of 9.3% during the forecast period. Battery grade nickel is a high-purity form of nickel specifically produced for use in lithium-ion batteries, particularly for electric vehicles and renewable energy storage. Typically featuring a purity of 99.8% or higher, it minimizes impurities that could compromise battery performance. This nickel is commonly processed into nickel sulfate or nickel hydroxide, essential for battery cathodes. Its quality is critical for enhancing energy density, efficiency, and overall reliability, making it a vital component in advancing battery technology and sustainability.

Market Dynamics:

Driver:

Increased demand for electric vehicles (EVs)

As EV manufacturers strive for higher energy densities and longer ranges, the need for nickel-rich batteries, particularly nickel-cobalt-manganese (NCM) and nickel-cobalt-aluminum (NCA) chemistries, has surged. This trend is driven by consumer preferences for sustainable transportation and government incentives promoting EV adoption. Consequently, the demand for battery-grade nickel is expected to rise, influencing pricing, production, and investment in mining and processing capabilities.

Restraint:

Supply chain challenges

The market faces several supply chain challenges, including geopolitical tensions and limited mining capacity. Environmental regulations and sustainability concerns further complicate nickel extraction, often leading to delays in production. Additionally, the concentration of nickel reserves in specific regions creates vulnerabilities, as disruptions in these areas can significantly impact global supply. Efficient logistics and transportation issues also hinder timely distribution, resulting in potential shortages that could affect the growth of the market.

Opportunity:

Growing renewable energy sector

The growing renewable energy sector is significantly impacting the market. With the increasing adoption of solar and wind power, high-performance batteries, particularly those using nickel-rich chemistries, are essential for stabilizing energy supply and enhancing grid reliability. This demand drives investments in nickel production, as manufacturers seek to develop advanced storage systems that can support renewable integration. Ultimately, this trend promotes sustainable energy practices and further expands the battery market.

Threat:

Competition from alternative materials

Competition from alternative materials poses a challenge in the market. As manufacturers explore cost-effective and sustainable options, alternatives like lithium iron phosphate (LFP) and solid-state batteries gain traction. These materials offer different performance characteristics, such as enhanced safety and lower environmental impact. Consequently, the demand for nickel may face pressure as companies seek to diversify battery chemistries and reduce reliance on traditional sources.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the market by disrupting supply chains and reducing production capacity. Lockdowns and labor shortages led to delays in mining and processing operations, causing a temporary decline in nickel availability. Additionally, fluctuating demand from the electric vehicle sector created market volatility. However, as economies reopened and EV adoption surged, the market began to recover, highlighting the resilience of the battery industry. The pandemic ultimately underscored the importance of robust supply chain strategies for future stability.

The nickel ball segment is projected to be the largest during the forecast period

The nickel ball segment is projected to account for the largest market share during the projection period. Their uniform size and composition enhance the efficiency of nickel processing, ensuring consistent performance in battery applications. As demand for electric vehicles and renewable energy storage grows, nickel balls are increasingly favored for their ability to optimize energy density and longevity in battery technologies. This trend underscores the importance of nickel balls in meeting the evolving needs of the battery industry.

The consumer electronics segment is expected to have the highest CAGR during the forecast period

The consumer electronics segment is expected to have the highest CAGR during the extrapolated period. Nickel-rich batteries offer the energy density and longevity essential for powering these gadgets. As consumer electronics continue to evolve with enhanced functionalities, the need for efficient and lightweight batteries drives demand for battery-grade nickel. This trend emphasizes the critical role of nickel in advancing portable technology and consumer convenience.

Region with largest share:

North America region is expected to hold the largest share of the market during the forecast period. As major automakers shift towards sustainable practices, the demand for high-quality nickel for batteries is on the rise. North America's focus on local sourcing and reducing dependence on foreign suppliers further accelerates investment in domestic nickel production and processing. Additionally, supportive government policies and incentives are fostering innovation, positioning the region as a key player in the global battery supply chain.

Region with highest CAGR:

Asia Pacific is expected to register the highest growth rate over the forecast period driven by Rapid urbanization and infrastructure projects. The rapid adoption of electric vehicles is a primary catalyst for the growth of the battery-grade nickel market. Innovations in battery technology are leading to improved formulations that utilize higher nickel content, thereby enhancing battery performance. This trend is particularly evident in lithium-ion batteries, which are extensively used in EVs.

Key players in the market

Some of the key players in Battery Grade Nickel market include Vale S.A.,, BHP Group, Glencore, Sumitomo Metal Mining Co., Ltd., Umicore, LG Chem, Nissan Chemical Corporation, Jinchuan Group International Resources Co. Ltd., Eurasian Resources Group, Nickel Asia Corporation, Panasonic Corporation, Tesla, Inc., SAFT Groupe S.A., Ammtec and Nippon Mining & Metal Co., Ltd.

Key Developments:

In March 2024, Panasonic announced a joint venture with Indian Oil Corporation (IOC) to manufacture lithium-ion batteries and energy storage systems in India. This partnership aims to meet the growing demand for batteries in various applications, including consumer electronics and electric vehicles. The joint venture will focus on cylindrical lithium-ion batteries, which are suitable for a wide range of uses, including watch batteries.

In January 2024, Panasonic introduced a new battery technology that aims to disrupt the industry by offering lower production costs, increased performance, and eco-friendliness. Although primarily aimed at electric vehicles, this technology could also influence the design and efficiency of smaller batteries used in watches.

Types Covered:

• Electrolytic Nickel
• Nickel Ball
• Nickel Block
• Nickel Powder
• Other Types

Source Covered:

• Primary
• Recycled

Distribution Channels Covered:

• Direct Sales
• Distributors
• Online Sales
• Retail

Applications Covered:

• Ternary Lithium Batteries
• Electric Vehicles (EVs)
• Energy Storage Systems (ESS)
• Portable Devices
• Medical Devices
• Other Applications

End Users Covered:

• Automotive
• Consumer Electronics
• Utilities and Energy Providers
• Industrial Sector
• Aerospace and Defense
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Battery Grade Nickel Market, By Type

• 5.1 Introduction
• 5.2 Electrolytic Nickel
• 5.3 Nickel Ball
• 5.4 Nickel Block
• 5.5 Nickel Powder
• 5.6 Orther Types

6 Global Battery Grade Nickel Market, By Source

• 6.1 Introduction
• 6.2 Primary
• 6.3 Recycled

7 Global Battery Grade Nickel Market, By Distribution Channel

• 7.1 Introduction
• 7.2 Direct Sales
• 7.3 Distributors
• 7.4 Online Sales
• 7.5 Retail

8 Global Battery Grade Nickel Market, By Application

• 8.1 Introduction
• 8.2 Ternary Lithium Batteries
• 8.3 Electric Vehicles (EVs)
• 8.4 Energy Storage Systems (ESS)
• 8.5 Portable Devices
• 8.6 Medical Devices
• 8.7 Other Applications

9 Global Battery Grade Nickel Market, By End User

• 9.1 Introduction
• 9.2 Automotive
• 9.3 Consumer Electronics
• 9.4 Utilities and Energy Providers
• 9.5 Industrial Sector
• 9.6 Aerospace and Defense
• 9.7 Other End Users

10 Global Battery Grade Nickel Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Vale S.A.
• 12.2 BHP Group
• 12.3 Glencore
• 12.4 Sumitomo Metal Mining Co., Ltd.
• 12.5 Umicore
• 12.6 LG Chem
• 12.7 Nissan Chemical Corporation
• 12.8 Jinchuan Group International Resources Co. Ltd.
• 12.9 Eurasian Resources Group
• 12.10 Nickel Asia Corporation
• 12.11 Panasonic Corporation
• 12.12 Tesla, Inc.
• 12.13 SAFT Groupe S.A.
• 12.14 Ammtec
• 12.15 Nippon Mining & Metal Co., Ltd.