Nickel Nano Powder market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Nickel Nano Powder Market
The nickel nano powder market size was valued at USD 356.5 million in 2021, and the market is now projected to grow from USD 387.0 million in 2022 to USD 758.8 million by 2029, exhibiting a CAGR of 10.1% during the forecast period of 2022-2029.
The outbreak of Covid 19 affected nickel prices leading to a scarcity of raw materials was a major challenge to the manufacturers’ revenue streams. Nickel nano powder producers experienced a situation where their main customers included research laboratories, electronics, and manufacturers of nanomaterials where they found themselves struggling with poor demand. The overall category demand also suffered a downfall as many people considered these products as not very essential, therefore using them less. Therefore, the growth nickel nano powder market faced great difficulties during this period.
The market is also being propelled by the electronics industry to an even larger extent through technological expansion and the modern society. This paper finds that market awareness of high-end goods is a major driver of magnet and ceramic capacitor demand. This trend has escalated to increased consumption within the automotive industry; further accelerated by EVs. Furthermore, the rise in the utilization of ceramic capacitors in the telecommunication sector also contributes to the growth of product demand line.
Application of nickel nanoparticles in this sector has a high growth potential as nanomaterials cross-value chain are experiencing growing demand across sectors. It also improves its hardness, tensile strength, and elastic modulus when single-walled carbon nanotubes are incorporated with nickel nanomaterials. Nickel bound carbon nanotubes can be either semiconducting or metallic conduction making them useful in nanoscale electronics. These properties also enable other applications that include; electrically conductive films, plastics, coatings, nanowires, nanofibers, and bioscience.
Comprehensive Analysis of Nickel Nano Powder Market
The nickel nano powder market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, and by application analysis. By type analysis incudes < 50 nm and ≥ 50 nm. By application analysis incudes chemical manufacturing, electronics, research & laboratory, nuclear energy, nanomaterials, and others.
The Asia Pacific region lead the nickel nano powder market share by benefitting a market size of USD 139.1 million in 2021 due to rising demand for nickel nano powder.
Top players in the market have their responsibility of chemicals & advanced materials industrial prospectus growth of the retailing industry and the markets. These players include, Tekna, Otto Chemie Pvt. Ltd., Sky Spring Nanomaterials, Inc., Sisco Research Laboratories Pvt. Ltd, Nanoshel, American Elements, Nanografi NanoTechnology, ACS Material, Parshwamani Metals, Guangzhou Hongwu Material Technology Co., Ltd., CVMR Corporation these market players provide a level-playing competitive landscape.
In June 2023, Sky Spring Nanomaterials, Inc. announced the launch of a new line of nickel nano powders aimed at improving the efficiency of batteries and catalysts.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2018-2029
Base Year 2021
Estimated Year 2022
Forecast Period 2022-2029
Historical Period 2018-2020
Unit Value (USD Million)
Segmentation By Type, Application, and Geography
By Type < 50 nm
≥ 50 nm
By Application Chemical Manufacturing
Electronics
Research & Lab
Nuclear Energy
Nanomaterials
Others
By Geography North America (By Type, By Application, By Country)
U.S.
Canada
Europe (By Type, By Application, By Country)
Germany
U.K.
France
Rest of Europe
Asia Pacific (By Type, By Application, By Country)
China
Japan
India
Rest of Asia Pacific
Rest of World (By Type, By Application, By Country)
Latin America
Middle East & Africa
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