Global Carbonyl Nickel Powder
Market Report
2025
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The global Carbonyl Nickel Powder market will expand significantly by xx% CAGR between 2024 and 2031.
The demand for powder metallurgy grade is rising in the global Carbonyl Nickel Powder market.
Demand for aerospace and defense applications is rising in the global Carbonyl Nickel Powder market.
North American region will continue to lead, as dominating region and highest compound annual growth rate in the forecast year 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Grade |
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Market Split by End use |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Carbonyl Nickel Powder Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Nickel reacts with carbon monoxide to form nickel carbonyl gas (Ni (CO)4), which can be decomposed back to nickel metal at moderate temperatures with the recovery of carbon monoxide. Using thermal shock decomposition, fine or extra fine nickel powders can be made. Nickel powders for powder metallurgy applications have evolved due to stringent customer property specifications. There are no standard products, but specific families based on morphologies are crafted for individual applications. Nickel powder production can be controlled to enhance low alloy steel powder metallurgy parts' properties. Nickel-enhanced alloys are increasingly used in the automotive industry for pressed and sintered parts, with additions ranging from 1.75-5%. Throughout the forecast period, the demand for carbonyl nickel powder is expected to increase due to the rapid growth of the chemical industry and the automotive sector. The reason for this is that nickel is extensively used in the chemical industry to produce high-purity nickel salts, such as nickel hydroxide, nickel sulfate, nickel chloride, and nickel sulfamate.
Nickel powder offers uniform particle shape and size distribution. It also has good thermal and electronic conductivity. Nickel powder is used to manufacture nickel alloys and metal products. It is used in the production of batteries, catalysts, electronics, Dimond coating, and 3d printing.
For example,
According to International Energy Agency (IEA) predictions, demand for nickel will rise significantly, by around 65%, by the end of this decade.
It is also possible to coat electronics with metal without using electricity. Electroless plating is a technique that allows an electrical component or part to be coated through a chemical reaction. As a result, the coating becomes more regular and even, covering substrate areas that are otherwise inaccessible to conventional electroplating techniques.
For example,
On average, each person is expected to contribute a volume of 1.1 pieces to the Consumer Electronics market in 2024.
Source (https://www.statista.com/outlook/cmo/consumer-electronics/worldwide)
The production of semiconductors is one of the main applications for electroless nickel plating in electronics. Compared to plating with an electrical current, the nickel coating increases the surface's receptivity to brazing, welding, and soldering. Additionally, nickel offers superior resistance against corrosion. Copper or zinc heat sinks that maintain the semiconductors' operating temperature are also made using electroless nickel plating. Nickel coating application of electronics will boost the market growth.
Product adoption will be fueled by the growing demand for stainless steel from the consumer goods, construction, and automotive industries.
For example,
Over two-thirds of the world's nickel use is attributed to stainless steel, according to the Nickel Institute Organization.
Source (https://nickelinstitute.org/media/1190/thelifeofni.pdf)
The steel's ductility, weldability, and formability are all enhanced by the product. Additionally, when utilized as an alloying element, it provides corrosion resistance in specific applications.
For example,
In 2022, global stainless-steel production was measured at around 55.3 million metric tons. This was a decline of approximately five percent compared to the 2021 volume. Overall, the melt shop production volume mainly increased over the past decade. Before that, the yearly global stainless-steel production was well below 30 million metric tons. Stainless steel is an iron alloy resistant to stains or rust due to a high level of chromium.
Source (https://www.statista.com/statistics/223028/world-stainless-steel-production/)
The numerous qualities of stainless steel, including its low weight, high tensile strength, durability, and ease of manufacture, are also responsible for its strong demand across a range of industries. Rising stainless steel consumption will hence drive up carbonyl nickel powder market product demand over the projected period.
When alloyed and purified properly, nickel increases the energy density of battery components, improving their characteristics. For electric vehicles, this higher energy density directly translates into better performance metrics like longer battery life and increased driving range. Above all, EVs are recognized for being more environmentally friendly than conventional gas-powered automobiles. They contribute to the fight against climate change and air pollution because they emit no gas. Consumers who care about the environment and wish to have a positive impact are drawn to the trends in EV adoption.
For example,
Electric vehicle (EV) sales in the US increased from 0.2% of all car sales in 2011 to 4.6% in 2021, demonstrating the tremendous growth of this market.
Source (https://www.iea.org/reports/global-ev-outlook-2023/trends-in-batteries)
Furthermore, governments everywhere are contributing significantly to the electric wave. Initiatives and incentives are being implemented in many nations to promote the use of EVs. These can involve the creation of infrastructure for charging EVs as well as tax credits, incentives, and refunds for EV purchases. People can transfer more easily and affordably thanks to these measures. Thanks to advancements in battery technology, the range of electric vehicles (EVs) has considerably expanded, enabling longer travel between charges.
For example,
China's automotive battery market grew by more than 70% in 2022, while sales of electric cars rose by 80%.
Source (https://www.iea.org/reports/global-ev-outlook-2023/trends-in-batteries)
This has increased the need for batteries even more. An important component of the lithium-ion batteries used in electric vehicles is nickel. It enables producers to cram more energy into batteries while using less of the more costly and opaque cobalt in their supply chains. The Nickel Institute Organization states that as the automotive sector develops, battery technology keeps up, leading to a rise in the use of Li-ion batteries that include nickel. Two of the most popular batteries, nickel cobalt aluminum (NCA) and nickel manganese cobalt (NMC) have 80% and 33% nickel, respectively; newer NMC formulations are also nearing 80% Ni. Nowadays, the product is found in most Li-ion batteries. Thus, these elements would drive market expansion.
Due to its greater price, nickel is a costly raw element for a wide range of applications and end-use sectors. In addition, because nickel metal is a commodity, its price is always subject to change based on supply and demand. An essential part of the battery for an electric car is the high-grade Ni. The rumors of increased demand for EVs have driven up their costs. Furthermore, the government of Indonesia has restricted the export of nickel to preserve national resources, which has impeded the acceptance of metal in a variety of applications. Therefore, it is expected that these issues will limit market expansion.
The COVID-19 epidemic has hampered the Ni market since trade restrictions, social distancing measures, and lockdowns have severely disrupted global supply lines. Lockdowns in several countries caused the majority of industries and factories to temporarily close, which had an impact on prices, production, and demand.
Major mining corporations including Global Ferronickel Holdings and Nickel Asia stopped part of their activities in response to COVID-19. The Brazilian business Vale has reduced its production forecast for 2020 and alleges that existing maintenance shutdown schedules are not being followed.
Nonetheless, a lot of governments are working to correct economic imbalances. Consequently, it is anticipated that the market will level out during the following few years.
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This procedure involves treating the nickel source with hydrogen at a pressure of at least atmospheric pressure and an effective temperature, in the presence of a chloride anion or an in-situ generator of precursor nickel, to produce a resultant nickel. It then combines the resultant nickel with carbon monoxide to produce Ni(CO)4, which is collected. The source of nickel can be chosen to include elemental nickel, nickel compounds, or mixtures thereof. The global carbonyl nickel powder market is highly consolidated. Major players operating in this market include Vale, MMC Norilsk Nickel, BHP Billiton Ltd, Xstrata Plc, Pacific Metals, Anglo American, Sherritt, Jinchuan Group, Jilin Jien Nickel, Sumitomo Metal Mining, Nizi International among others. Market players are developing new products to widen their customer base.
For example,
In January 2024 Sumitomo metal mining Canada ltd. Agreed to acquire a 9.9% stake in FPX Nickel Corp. Martin Turenne, President and CEO of FPX, stated, "This strategic investment by Sumitomo Metal Mining represents another significant technical validation of FPX's Baptiste Nickel Project ("Baptiste" or the "Project") and underscores our view that Baptiste is a class-leading asset." "SMM holds a prominent position in the global nickel production industry, owing to its exceptional proficiency in mining, processing, and product refining within the supply chains of electric car batteries and stainless steel. As SMM looks to diversify its supply chain and increase the amount of nickel it produces, FPX is happy to be one of its chosen partners in North America."
For example,
Norilsk Nickel completed the transfer of Bystra to Russia in December 2023. Bystrinsky GOK's new holding company is JSC Holiday Company BYSTRA. Its ownership structure excluded the Cypriot business GRK Eastern Geology Limited, which is currently undergoing liquidation.
Source (https://nornickel.com/news-and-media/press-releases-and-news/norilsk-nickel-completed-the-relocation-of-bystra-to-russia/)
Top Companies Market Share in Carbonyl Nickel Powder Industry: (In no particular order of Rank)
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The carbonyl nickel powder's greatest market is anticipated to be North America. Carbonyl nickel powder is becoming more and more necessary in the region due to the growth of the aerospace and defense industries, where it is utilized to produce gas turbines and airplane engines. These industries' increasing requirement for high-performance goods has led to a rise in the demand for carbonyl nickel powder. Furthermore, the region's technological advancements and growing R&D spending are anticipated to support market growth. Throughout the forecast period, the Asia Pacific region is likely to witness a significant expansion in the carbonyl nickel powder market. The growth of the auto sector, especially in China and India, is one of the primary factors affecting the demand for carbonyl nickel powder in the region. The product is frequently utilized in the manufacture of automotive parts because of its strong mechanical and thermal properties. The expanding electronic and telecommunications sectors in the region are also anticipated to drive market growth.
The current report Scope analyzes Carbonyl Nickel Powder Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Carbonyl Nickel Powder Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Carbonyl Nickel Powder Industry growth. Carbonyl Nickel Powder market has been segmented with the help of its Grade, End use Application, and others. Carbonyl Nickel Powder market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Filamentary, chemical, and powder metallurgy are the grade-level categories in which this segment is divided. In 2020, powder metallurgy will hold a 20% or greater market share in the site category. The widespread use of powder metallurgy technology to produce high-value parts like shafts, bearings, and gears is to blame, as is the expanding application of carbonyl nickel powder in powder metallurgy for automotive components. Additionally, it is less expensive than other metalworking technologies, which is anticipated to propel powder metallurgy during the projection period.
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This market is divided into categories according to the final product used, such as alloys, batteries, electroplating, stainless steel, and special steels. In the worldwide nickel market, the stainless-steel category has the largest market share. The use of stainless steel will increase due to the quickly expanding construction and automotive sectors as well as rising consumer spending on items made of stainless steel, such as furniture, kitchen sinks, cutlery, and tableware. The demand for nickel would surge as a result of this. The demand for austenitic steel in the special steel market will soar due to the growing product acceptance for its creation. One such product is face-centered cubic crystal structured steel, which is incredibly flexible and robust.
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Throughout the projected period, the automotive industry is anticipated to have the quickest revenue CAGR. The use of carbonyl nickel powder in the automobile industry has increased significantly in the last few years. Carbonyl nickel powder is used in the manufacturing of automotive components like bearings, gears, and engine parts. The growing demand for lightweight and fuel-efficient cars is predicted to drive up demand for carbonyl nickel powder in the automotive industry. The automotive industry's growing inclination towards electric vehicles is anticipated to drive up demand for carbonyl nickel powder.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Carbonyl Nickel Powder Market is witnessing significant growth in the near future.
In 2023, the Filamentary segment accounted for noticeable share of global Carbonyl Nickel Powder Market and is projected to experience significant growth in the near future.
The Stainless steel segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Vale , BHP Billiton Ltd and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Grade | Filamentary, Chemical, Powder metallurgy |
End use | Stainless steel, Special steels, Batteries, Electroplating, Alloys, Others |
Application | Aerospace & Defense, Automotive, Electronics, Chemical industry, Power metallurgy component, Metallurgy, Battery electrodes and fuel cells, Others |
List of Competitors | Vale, MMC Norilsk Nickel, BHP Billiton Ltd, Xstrata Plc, Pacific Metals, Anglo American, Sherritt, Jinchuan Group, Jilin Jien Nickel, Sumitomo Metal Mining, Nizi International |
This chapter will help you gain GLOBAL Market Analysis of Carbonyl Nickel Powder. Further deep in this chapter, you will be able to review Global Carbonyl Nickel Powder Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Carbonyl Nickel Powder. Further deep in this chapter, you will be able to review North America Carbonyl Nickel Powder Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Carbonyl Nickel Powder. Further deep in this chapter, you will be able to review Europe Carbonyl Nickel Powder Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Carbonyl Nickel Powder. Further deep in this chapter, you will be able to review Asia Pacific Carbonyl Nickel Powder Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Carbonyl Nickel Powder. Further deep in this chapter, you will be able to review South America Carbonyl Nickel Powder Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Carbonyl Nickel Powder. Further deep in this chapter, you will be able to review Middle East and Africa Carbonyl Nickel Powder Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Carbonyl Nickel Powder. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Grade Analysis 2019 -2031, will provide market size split by Grade. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Grade Analysis 2021 - 2033
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Chapter 11 Market Split by End use Analysis 2021 - 2033
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Chapter 12 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Carbonyl Nickel Powder market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Filamentary have a significant impact on Carbonyl Nickel Powder market? |
What are the key factors affecting the Filamentary and Chemical of Carbonyl Nickel Powder Market? |
What is the CAGR/Growth Rate of Stainless steel during the forecast period? |
By type, which segment accounted for largest share of the global Carbonyl Nickel Powder Market? |
Which region is expected to dominate the global Carbonyl Nickel Powder Market within the forecast period? |
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