Global Nickel Powder and Iron Powder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Nickel Powder and Iron Powder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Nickel Powder and Iron Powder market finds that the global Nickel Powder and Iron Powder market reached a value of USD 713.82 million in 2022. It’s expected that the market will achieve USD 1091.63 million by 2028, exhibiting a CAGR of 7.34% during the forecast period.

Limitations

Potential competitors in carbonyl iron powder industry are those enterprises that may enter the industry to participate in competition. They will bring new production capacity and share existing resources and market share. As a result, the production cost of the industry will rise, the market competition will intensify, the price of products will decrease, and the profit of the industry will decrease.

The production of carbonyl iron powder is in the high and new technology field, and the requirements for process, equipment and technicians are quite stringent. For some developing countries, such as China, the development of hydroxyl iron powder is too rapid, resulting in serious shortage of relevant professional and technical personnel.

Carbonyl nickel powder belongs to flammable and explosive chemicals. Therefore, manufacturers of carbonyl nickel powder must abide by the strict regulations formulated by the government and the chemical association. Initial exposure to nickel carbonyl powder can lead to headache, chest tightness, dizziness, weakness, sweating, coughing, nausea and vomiting.

Opportunities

The composite powder is not only used in the process of gas-thermal spraying. Solid material nickel carbonyl coated powder (including diamond and cubic boron nitride) is used to manufacture cutting tools and abrasives. At present, many materials developed in Russia have been tested in the electronic vacuum industry. The superiority of the carbonyl process of high-quality composite powder and compound material (low temperature, fast speed, full automation, no waste, and no auxiliary operation) makes this process one of the most promising methods.

In recent decades, with the rapid development of the high-tech industry, especially with the continuous development of energy, communication technology, and family cars, nickel carbonyl products show a rapid upward trend, with an annual growth rate of about 10%. Pyrolysis of nickel carbonyl can produce nickel products with different properties and shapes, such as zerodimensional materials (nano-and micron-sized powder materials), one-dimensional materials (needle and filament materials), two-dimensional materials (thin-film materials) and threedimensional materials (nickel pills, coatings, gradients and hollow materials), which have excellent physical and chemical properties and are many of them. In the field, especially the important raw materials of the high-tech industry, the market demand is expanding rapidly and the prospect is very broad.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Vale, Jinchuan Group and Norilsk Nickel with the revenue market share of 52.40%, 18.33% and 14.18% in 2018.

With operations, offices, exploration and joint ventures across five continents, Vale is the world's second-largest mining company. Headquartered in Brazil and operating in about 30 countries, the company employs approximately 200,000 people, including its own and outsourced professionals. company is the world's largest producer of iron ore and the second-largest producer of nickel. Vale also produces copper, coal, manganese, ferroalloys, fertilizers, cobalt and platinum group metals. Vale also operates in the Logistics, Steel, Energy and Fertilizers sector.

A large-scale joint mining, selection, smelting, chemical and deep processing enterprise, mainly producing nickel, copper, cobalt, platinum group precious metals and non-ferrous metal rolling processing products, chemical products, non-ferrous metal chemicals, non-ferrous metal new materials. It has the world's third largest copper-zinc-nickel deposit. It is China's nickel-cobalt production base, platinum group metal refining center and the largest copper producer in the northern region. It is known as China's “nickel capital” and has strong influence in the global industry.

Segmentation Overview:

Among different product types, Nickel Powder segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Catalyst segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Nickel Powder and Iron Powder market covered in Chapter 3:

Norilsk Nickel
Vale
Ashland
Sintez-CIP
Jinchuan Group
Jiangxi Yuean
Jilin Jien
Jiangsu Tianyi
BASF

In Chapter 4 and Chapter 14.2, on the basis of types, the Nickel Powder and Iron Powder market from 2018 to 2029 is primarily split into:

Nickel Powder
Iron Powder

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Nickel Powder and Iron Powder market from 2018 to 2029 covers:

Cemented Carbide
Powder Metallurgy
Electroplate & Battery
Catalyst
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)