Nickel Oxide Market, Global Outlook and Forecast 2024-2030
The global Nickel Oxide market size was valued at US$ 892.4 million in 2024 and is projected to reach US$ 1.34 billion by 2030, at a CAGR of 7.0% during the forecast period 2024-2030.
The United States Nickel Oxide market size was valued at US$ 234.5 million in 2024 and is projected to reach US$ 342.7 million by 2030, at a CAGR of 6.5% during the forecast period 2024-2030.
Nickel Oxide is an inorganic compound used in batteries, ceramics, and catalytic applications.
The global market is experiencing robust growth, driven by battery production and ceramics industry. In 2023, production reached 150,000 metric tons globally, with battery sector accounting for 50% of consumption. The market saw a 35% increase in high-purity grade adoption in 2023. Battery grade dominates with a 55% market share, while ceramic grade is growing at 9% annually. Asia Pacific leads with a 60% market share and is the fastest-growing region at 7.8% CAGR. The industry is focusing on developing advanced processing methods, with a 40% growth in R&D investments for purity enhancement.
Report Overview
Nickel Oxide is a chemical compound composed of nickel and oxygen. It is used in various applications, including ceramics, catalysts, and battery materials.
This report provides a deep insight into the global Nickel Oxide market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Nickel Oxide Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Nickel Oxide market in any manner.
Global Nickel Oxide Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Lanzhou Jinchuan Technology
Jiangsu Taihe
Hengrui Chemical
Jiangsu Zhiwei New Material
Umicore
Hart Materials Ltd
Vale
Yaohui Technology
Market Segmentation (by Type)
Industrial Grade
Electronic Grade
Market Segmentation (by Application)
Enamel and Ceramics
Glass
Magnetic Material
Thermal Element
Catalyst
Other
Geographic Segmentation
