Global Nickel-plated Steel Sheet in Batteries Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Nickel-plated Steel Sheet in Batteries Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Nickel plating helps create a glossy, smooth surface for steel. The mechanical and physical properties of steel are more stable and durable over the time thanks to the presence of nickel. In addition, it is also a factor that enhances the oxidation resistance of steel thanks to its inertness to oxygen. Nickel-plated Steel Sheet is widely used as the battery shell and battery connector of nickel-hydrogen batteries, lithium batteries, polymer batteries and so on.

Market Overview:

The latest research study on the global Nickel-plated Steel Sheet in Batteries market finds that the global Nickel-plated Steel Sheet in Batteries market reached a value of USD 676.05 million in 2022. It’s expected that the market will achieve USD 920.04 million by 2028, exhibiting a CAGR of 5.27% during the forecast period.

Drivers

Nickel plating modifies a variety of properties inherent in steel. Some of the benefits include improved corrosion resistance, increased hardness, superior strength and wear resistance, and improved ductility. Nickel plating can also improve brightness and appearance. Different nickel-plating chemicals incorporated into the process deliver anything from a semi-bright and fully bright cosmetic effect, to matte, pearl, or satin finishes. Recognizing these advantages, battery manufacturers have increased the use of nickel-plated steel in batteries.

Market Challenges

Electroplating is one of the basic processes in manufacturing industry. Due to the unique technical and economic advantages of electrochemical machining, it is not only difficult to be completely replaced, but also constantly make new breakthroughs in electronics, steel and other fields. The number of nickel-plating enterprises is increasing, and the price of nickel is on the rise, which proves the development of electroplating industry to a certain extent. With the progress of the economy and the continuous improvement of infrastructure, the demand of the downstream market keeps increasing, attracting more market participants to enter the market, and the majority of small and medium-sized enterprises.

For example, China is the largest manufacturing country in the world, with abundant natural resources, perfect infrastructure, relatively low labor costs, and gradually improving its industrial level. Pre-nickel plating technology has been monopolized by Japanese and Korean companies for many years, but after years of technology accumulation by Chinese companies, some companies have made technological breakthroughs in production equipment, electroplating solution formulations, diffusion annealing temperature parameters, and steel strip flattening technology. Companies that can mass-produce pre-nickel-plated steel sheets for lithium batteries are actively grabbing market share.

Fierce market competition and more market participants have posed certain challenges to the quality, after-sales guarantee and sales channels of nickel-plated steel sheet in batteries.

Region Overview:

Japan had the highest growth rate of all regions.

Company Overview:

The top three companies are NIPPON STEEL, Toyo Kohan and Tata Steel, with the revenue market share of 29.95%, 23.02% and 17.37% in 2021.

Nippon Steel (previously known as Nippon Steel & Sumitomo Metal Corporation) is a steelmaking and steel fabrication company. It delivers steel sheets used to make automobiles, electrical appliances, housing, beverage cans, transformers, and other goods. The company also produces H-beams, steel sheet piles, steel pipe piles, rails, and other steel materials for a range of industries including the automotive, construction, and industrial machinery sectors.

Toyo Kohan is a Japan-based company primarily engaged in the manufacture and sale of steel sheet products. The Company has three segments. The Steel Sheet segment engages in the manufacture and sales of steel sheets, processed products such as materials for cans, materials for electrical and electronic parts, materials for construction and home appliances, materials for automobile parts and industrial machinery parts, as well as functional films as materials for laminated steel sheets. The Functional Material segment engages in the manufacture and sale of aluminum substrates for magnetic disks and optical functional films, as materials for the electronic equipment. The Others segment engages in the manufacture and sale of steel strips for packing materials, as well as machineries and hard alloys, as mechanical parts.

Segmentation Overview:

As for product types, the Matte segment held the largest market share in 2021.

Application Overview:

By application, the Nickel Cadmium Battery segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Nickel-plated Steel Sheet in Batteries market covered in Chapter 3:

Jiangsu Jiutian
Zhongshan Sanmei
Yongsheng New Material
NIPPON STEEL
Toyo Kohan
Tata Steel
TCC Steel

In Chapter 4 and Chapter 14.2, on the basis of types, the Nickel-plated Steel Sheet in Batteries market from 2018 to 2029 is primarily split into:

Matte
Gloss

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Nickel-plated Steel Sheet in Batteries market from 2018 to 2029 covers:

Power Lithium Battery
Disposable Battery
Nickel Cadmium Battery
NI-MH Batteries
Battery Components
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)