Nickel Nano Powder Market Forecasts to 2028 – Global Analysis By Type (?50 NM, <50 NM), Application (Electronics, Nuclear Energy, Research & Laboratory, Nanomaterials, Chemical Manufacturing, Catalysts, Battery) and Geography

Nickel Nano Powder Market Forecasts to 2028 – Global Analysis By Type (?50 NM, <50 NM), Application (Electronics, Nuclear Energy, Research & Laboratory, Nanomaterials, Chemical Manufacturing, Catalysts, Battery) and Geography

According to Stratistics MRC, the Global Nickel Nano Powder Market is accounted for $387.0 million in 2022 and is expected to reach $767.9 million by 2028 growing at a CAGR of 12.1% during the forecast period. A black or grey powder with good electromagnetic, chemical, and mechanical properties is nickel Nano powder, also referred to as nickel nanoparticles. The substance can be used as electromagnetic shield, conductive coatings, and ceramic and lubricant additives.

Market Dynamics:

Driver:

Increasing Demand in Electronics Industry

The market is being driven by the electronics industry's rising product demand. The modernization of society and the expansion of applications for industrial and commercial purposes have led to an increase in technological innovation. The main element driving up demand for magnets and ceramic capacitors is consumer appeal toward cutting-edge goods. As a result of the introduction of electric vehicles, the product consumption in the automotive industry has increased (EVs).

Restraint:

High Cost of Production and Processing

The market is primarily constrained by the high cost of production and processing. Sol-gel technique, nanolithography, chemical vapour deposition, laser pyrolysis, and proprietary technologies like radio frequency plasma technology are all used in the production of the product. Compared to its bulk form, nickel nano powder exhibits differing toxicity and biological activity properties. This affects demand for nickel nanoparticles and raises questions about their use in the medical field.

Opportunity:

Rapid Expansion for Nanomaterials

The market for nickel nanoparticles has considerable potential due to the expanding demand for nanomaterials across numerous industries. To improve properties including hardness, tensile strength, and elastic modulus, single-walled carbon nanotubes are mixed with nickel nanoparticles. Depending on the structure, the nickel-bonded carbon nanotubes have metallic or semiconductor properties, which are useful for nanoscale electronic devices and electrically conductive films for use in plastics, coatings, nanowires, nanofibers, and bioscience. Demand for the product will be boosted by government rules that support the use of composite nanomaterials in the aerospace and automotive industries.

Threat:

Rising toxicity concerns

The global market for nickel nanopowders is expanding, but there are some reasons that are limiting this growth, such as growing toxicity concerns over the use of nickel hydroxide, which has slowed the market's expansion. The rise of nose and lung cancer as a result of nickel nanopowders rising use in the chemical and electric industries has also limited the market's growth due to its carcinogenic properties.

Covid-19 Impact

Nickel prices fell as COVID-19 spread because there were fewer raw materials available. This has affected manufacturers' capacity to generate enough income to remain competitive. Additionally, the pandemic had a negative effect on the nickel nano powder industry due to a drop in demand from end-users like research facilities, electronics companies, and producers of nanomaterials. As consumers reduced their consumption of these products because they believed they were unnecessary, consumer electronics demand fell. During the pandemic, there was a rise in the number of patients visiting hospitals and diagnostic facilities, which increased the need for MRI scanners.

The < 50 nm segment is expected to be the largest during the forecast period

The < 50 nm segment is estimated to have a lucrative growth. This category includes nanopowders that are smaller than 50 nanometres. They have several uses in the electronics sector, including as in fuel cells and catalytic converters for cars. Due to globalisation and a greater reliance on technologies, the electronics and electrical industry is expanding, driving up product demand.

The electronics segment is expected to have the highest CAGR during the forecast period

The electronics segment is anticipated to witness the fastest CAGR growth during the forecast period. Nickel nanopowder is utilised in the electronics sector for photo catalysts, magnetic separation, superconductors, conductive paste, and dye-sensitized solar cells and sensors. It is also used by medical devices to absorb magnetic waves. Rising digitization will boost demand for goods in the electronics market. The increase in product use as a catalyst and additive during the synthesis of chemicals is the primary cause of the chemical manufacturing segment's expansion. Nickel nanopowder in microgram quantities is studied in research labs to find new possible applications for the material. This involves the testing and evaluation of products used in emerging technologies

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to increasing rapid expansion of nano technology in countries. These countries' big populations are becoming more and more reliant on technologies in daily life, which is boosting market expansion.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to rising development of technologically sophisticated machinery and electronic materials and components. The substance is in demand as additives for ceramics, lubricants, electronics, and ceramics in the region because of its excellent technological infrastructure and established economies. Additionally, the use of products for military and law enforcement purposes has increased because to the escalating geopolitical crises in several regions of Europe.

Key players in the market

Some of the key players profiled in the Nickel Nano Powder Market include NanoAmor, Tekna, Sichuan HBST, Otto Chemie Pvt. Ltd., Nanoshel, Nanografi Nano Technology, Parshwamani Materials, CVMR Corporation, Guangzhou Honqwu Material Technology Co. Ltd. and Sky Spring Nanno Materials.

Key Developments:

In June 2022, Tekna Holding ASA the world-leading provider of advanced materials to industry, announced it has signed a long-term supply agreement with Marle Tangible, a global medical device contract manufacturer based in the US.

Types Covered:
• ?50 NM
• <50 NM
• Other Types

Applications Covered:
• Electronics
• Nuclear Energy
• Research & Laboratory
• Nanomaterials
• Chemical Manufacturing
• Catalysts
• Battery
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements