Nickel Hydroxide Market Rising Demand from Batteries & Electronics Creates New Business Opportunities 2025-2031

Market Summary -

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.

Accourding to QY Research has released a new publication titled "Global Nickel Hydroxide Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide Nickel Hydroxide industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

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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.

Recent Developments -

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.

Market Drivers, Challenges & Restraints -

This section outlines the various elements influencing the trajectory of the Nickel Hydroxide market:

Key Growth Drivers -

- Supportive policy frameworks and regulatory reforms
- Advancement in product innovation and technological breakthroughs
- Growing demand in emerging application areas
- Shift in global supply chain structures

Restraints & Challenges -

- Regulatory uncertainties
- Competitive pricing pressures
- Operational risks
- Market-entry barriers

Market Segmentation and Regional -

By Type

Pure Nickel Hydroxide
Contain Cobalt Nickel Hydroxide
Contain Zinc Nickel Hydroxide
Contain Cadmium Nickel Hydroxide
Others

By Application

Batteries
Electronics
Chemical
Others

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

The analysis spans from 2024 (base year) to 2031 (forecast period).

Major Company Included: -

Norilsk
SMM Group
Tanaka-Chemical
Kansai Catalyst
Chancsun Umicore
Henan Kelong
Anhui Yaland
Jilin Jien
Kingray New Materials
Jinchuan Group
Jiangmen Fangyuan

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Why should you purchase this report?

Purchasing this report provides you with a comprehensive and data-driven understanding of the market landscape, enabling informed business decisions and strategic planning. The report comes with free customization based on client requirements, including a country-level breakdown of any five countries of your choice and a competitive analysis of segment revenue by key market players. With detailed insights into market trends, growth drivers, challenges, competitive dynamics, and emerging opportunities, this report equips stakeholders, manufacturers, and investors with actionable intelligence to identify profitable prospects, optimize operations, and maintain a competitive edge in the industry.

How Can the Research Study Help your Business?

✔ The information presented in the Nickel Hydroxide report helps your decision makers to become prudent and make the best business choices.
✔ The report enables you to see the future of the global Nickel Hydroxide market and accordingly take decisions that will be in the best interest of your business.
✔ It offers you a forward-looking perspective of the global Nickel Hydroxide market drivers and how you can secure significant market gains in the near future.
✔ It provides SWOT analysis of the global Nickel Hydroxide market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.
✔ It also assesses the changing competitive dynamics of the global Nickel Hydroxide market using pin-point evaluation.

Key Questions Answered in the Report -

✔ What is the size and estimated growth rate of the global and regional Nickel Hydroxide market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Nickel Hydroxide Product Introduction
1.2 Global Nickel Hydroxide Market Size Forecast
1.2.1 Global Nickel Hydroxide Sales Value (2020-2031)
1.2.2 Global Nickel Hydroxide Sales Volume (2020-2031)
1.2.3 Global Nickel Hydroxide Sales Price (2020-2031)
1.3 Nickel Hydroxide Market Trends & Drivers
1.3.1 Nickel Hydroxide Industry Trends
1.3.2 Nickel Hydroxide Market Drivers & Opportunity
1.3.3 Nickel Hydroxide Market Challenges
1.3.4 Nickel Hydroxide Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Nickel Hydroxide Players Revenue Ranking (2024)
2.2 Global Nickel Hydroxide Revenue by Company (2020-2025)
2.3 Global Nickel Hydroxide Players Sales Volume Ranking (2024)
2.4 Global Nickel Hydroxide Sales Volume by Company Players (2020-2025)
2.5 Global Nickel Hydroxide Average Price by Company (2020-2025)
2.6 Key Manufacturers Nickel Hydroxide Manufacturing Base and Headquarters
2.7 Key Manufacturers Nickel Hydroxide Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Nickel Hydroxide
2.9 Nickel Hydroxide Market Competitive Analysis
2.9.1 Nickel Hydroxide Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Nickel Hydroxide Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Nickel Hydroxide as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Pure Nickel Hydroxide
3.1.2 Contain Cobalt Nickel Hydroxide
3.1.3 Contain Zinc Nickel Hydroxide
3.1.4 Contain Cadmium Nickel Hydroxide
3.1.5 Others
3.2 Global Nickel Hydroxide Sales Value by Type
3.2.1 Global Nickel Hydroxide Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Nickel Hydroxide Sales Value, by Type (2020-2031)
3.2.3 Global Nickel Hydroxide Sales Value, by Type (%) (2020-2031)
3.3 Global Nickel Hydroxide Sales Volume by Type
3.3.1 Global Nickel Hydroxide Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Nickel Hydroxide Sales Volume, by Type (2020-2031)
3.3.3 Global Nickel Hydroxide Sales Volume, by Type (%) (2020-2031)
3.4 Global Nickel Hydroxide Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Batteries
4.1.2 Electronics
4.1.3 Chemical
4.1.4 Others
4.2 Global Nickel Hydroxide Sales Value by Application
4.2.1 Global Nickel Hydroxide Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Nickel Hydroxide Sales Value, by Application (2020-2031)
4.2.3 Global Nickel Hydroxide Sales Value, by Application (%) (2020-2031)
4.3 Global Nickel Hydroxide Sales Volume by Application
4.3.1 Global Nickel Hydroxide Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Nickel Hydroxide Sales Volume, by Application (2020-2031)
4.3.3 Global Nickel Hydroxide Sales Volume, by Application (%) (2020-2031)
4.4 Global Nickel Hydroxide Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Nickel Hydroxide Sales Value by Region
5.1.1 Global Nickel Hydroxide Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Nickel Hydroxide Sales Value by Region (2020-2025)
5.1.3 Global Nickel Hydroxide Sales Value by Region (2026-2031)
5.1.4 Global Nickel Hydroxide Sales Value by Region (%), (2020-2031)
5.2 Global Nickel Hydroxide Sales Volume by Region
5.2.1 Global Nickel Hydroxide Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Nickel Hydroxide Sales Volume by Region (2020-2025)
5.2.3 Global Nickel Hydroxide Sales Volume by Region (2026-2031)
5.2.4 Global Nickel Hydroxide Sales Volume by Region (%), (2020-2031)
5.3 Global Nickel Hydroxide Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Nickel Hydroxide Sales Value, 2020-2031
5.4.2 North America Nickel Hydroxide Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Nickel Hydroxide Sales Value, 2020-2031
5.5.2 Europe Nickel Hydroxide Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Nickel Hydroxide Sales Value, 2020-2031
5.6.2 Asia Pacific Nickel Hydroxide Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Nickel Hydroxide Sales Value, 2020-2031
5.7.2 South America Nickel Hydroxide Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Nickel Hydroxide Sales Value, 2020-2031
5.8.2 Middle East & Africa Nickel Hydroxide Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Nickel Hydroxide Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Nickel Hydroxide Sales Value and Sales Volume
6.2.1 Key Countries/Regions Nickel Hydroxide Sales Value, 2020-2031
6.2.2 Key Countries/Regions Nickel Hydroxide Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Nickel Hydroxide Sales Value, 2020-2031
6.3.2 United States Nickel Hydroxide Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Nickel Hydroxide Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Nickel Hydroxide Sales Value, 2020-2031
6.4.2 Europe Nickel Hydroxide Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Nickel Hydroxide Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Nickel Hydroxide Sales Value, 2020-2031
6.5.2 China Nickel Hydroxide Sales Value by Type (%), 2024 VS 2031
6.5.3 China Nickel Hydroxide Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Nickel Hydroxide Sales Value, 2020-2031
6.6.2 Japan Nickel Hydroxide Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Nickel Hydroxide Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Nickel Hydroxide Sales Value, 2020-2031
6.7.2 South Korea Nickel Hydroxide Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Nickel Hydroxide Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Nickel Hydroxide Sales Value, 2020-2031
6.8.2 Southeast Asia Nickel Hydroxide Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Nickel Hydroxide Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Nickel Hydroxide Sales Value, 2020-2031
6.9.2 India Nickel Hydroxide Sales Value by Type (%), 2024 VS 2031
6.9.3 India Nickel Hydroxide Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Norilsk
7.1.1 Norilsk Company Information
7.1.2 Norilsk Introduction and Business Overview
7.1.3 Norilsk Nickel Hydroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Norilsk Nickel Hydroxide Product Offerings
7.1.5 Norilsk Recent Development
7.2 SMM Group
7.2.1 SMM Group Company Information
7.2.2 SMM Group Introduction and Business Overview
7.2.3 SMM Group Nickel Hydroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 SMM Group Nickel Hydroxide Product Offerings
7.2.5 SMM Group Recent Development
7.3 Tanaka-Chemical
7.3.1 Tanaka-Chemical Company Information
7.3.2 Tanaka-Chemical Introduction and Business Overview
7.3.3 Tanaka-Chemical Nickel Hydroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Tanaka-Chemical Nickel Hydroxide Product Offerings
7.3.5 Tanaka-Chemical Recent Development
7.4 Kansai Catalyst
7.4.1 Kansai Catalyst Company Information
7.4.2 Kansai Catalyst Introduction and Business Overview
7.4.3 Kansai Catalyst Nickel Hydroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Kansai Catalyst Nickel Hydroxide Product Offerings
7.4.5 Kansai Catalyst Recent Development
7.5 Chancsun Umicore
7.5.1 Chancsun Umicore Company Information
7.5.2 Chancsun Umicore Introduction and Business Overview
7.5.3 Chancsun Umicore Nickel Hydroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Chancsun Umicore Nickel Hydroxide Product Offerings
7.5.5 Chancsun Umicore Recent Development
7.6 Henan Kelong
7.6.1 Henan Kelong Company Information
7.6.2 Henan Kelong Introduction and Business Overview
7.6.3 Henan Kelong Nickel Hydroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Henan Kelong Nickel Hydroxide Product Offerings
7.6.5 Henan Kelong Recent Development
7.7 Anhui Yaland
7.7.1 Anhui Yaland Company Information
7.7.2 Anhui Yaland Introduction and Business Overview
7.7.3 Anhui Yaland Nickel Hydroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Anhui Yaland Nickel Hydroxide Product Offerings
7.7.5 Anhui Yaland Recent Development
7.8 Jilin Jien
7.8.1 Jilin Jien Company Information
7.8.2 Jilin Jien Introduction and Business Overview
7.8.3 Jilin Jien Nickel Hydroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Jilin Jien Nickel Hydroxide Product Offerings
7.8.5 Jilin Jien Recent Development
7.9 Kingray New Materials
7.9.1 Kingray New Materials Company Information
7.9.2 Kingray New Materials Introduction and Business Overview
7.9.3 Kingray New Materials Nickel Hydroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Kingray New Materials Nickel Hydroxide Product Offerings
7.9.5 Kingray New Materials Recent Development
7.10 Jinchuan Group
7.10.1 Jinchuan Group Company Information
7.10.2 Jinchuan Group Introduction and Business Overview
7.10.3 Jinchuan Group Nickel Hydroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Jinchuan Group Nickel Hydroxide Product Offerings
7.10.5 Jinchuan Group Recent Development
7.11 Jiangmen Fangyuan
7.11.1 Jiangmen Fangyuan Company Information
7.11.2 Jiangmen Fangyuan Introduction and Business Overview
7.11.3 Jiangmen Fangyuan Nickel Hydroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Jiangmen Fangyuan Nickel Hydroxide Product Offerings
7.11.5 Jiangmen Fangyuan Recent Development
8 Industry Chain Analysis
8.1 Nickel Hydroxide Industrial Chain
8.2 Nickel Hydroxide Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Nickel Hydroxide Sales Model
8.5.2 Sales Channel
8.5.3 Nickel Hydroxide Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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