PUBLISHER: QYResearch | PRODUCT CODE: 1872162
PUBLISHER: QYResearch | PRODUCT CODE: 1872162
The global market for Nickel Hydroxide was estimated to be worth US$ 431 million in 2024 and is forecast to a readjusted size of US$ 596 million by 2031 with a CAGR of 4.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Nickel Hydroxide cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Nickel hydroxide is a green, crystalline, inorganic compound that produces toxic gases upon heating. It is generally used in rechargeable battery electrodes, by oxidation to nickel (III) oxide-hydroxide. Nickel hydroxide is denoted by Ni (OH) 2 and is an insoluble chemical compound having strong redox properties.
In 2024, global Nickel Hydroxide production reached approximately 37.7 K MT, with an average global market price of around 11428USD/MT.
The nickel hydroxide market continues to grow as demand rises from industries reliant on rechargeable battery technologies and specialty chemical applications. Nickel hydroxide serves as a key electrode material in nickel-based batteries-including nickel-metal hydride (NiMH) and nickel-cadmium varieties-thanks to its favorable electrochemical properties. In addition, it's used in catalysis, chemical intermediates, and electroplating processes. The increasing need for energy storage in consumer electronics, portable devices, and hybrid vehicles, along with rising industrial-scale battery usage, is driving steady interest in high-purity nickel hydroxide.
Supply growth in this market is supported by improvements in production routes-including precipitation, co-precipitation, and controlled crystallization techniques-that aim to achieve better particle control, purity, and performance consistency. Meanwhile, sustainability concerns and shifts toward greener manufacturing are driving research around recovering nickel feeds from recycled spent batteries and minimizing environmentally harmful processing by-products. However, challenges remain including volatile raw material prices, stringent quality specifications required for battery-grade material, and regional disparities in mining and refining capacity. As battery chemistry evolves and sustainability becomes more central, nickel hydroxide is expected to remain a vital material in both energy and industrial applications.
This report aims to provide a comprehensive presentation of the global market for Nickel Hydroxide, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Nickel Hydroxide by region & country, by Type, and by Application.
The Nickel Hydroxide market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Nickel Hydroxide.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Nickel Hydroxide manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Nickel Hydroxide in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Nickel Hydroxide in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.