How big is the nickel powder market?

The global nickel powder market size was estimated at USD 1.8 billion in 2025 and is expected to reach USD 1.9 billion in 2026.

What is the nickel powder market growth?

The global nickel powder market is expected to grow at a compound annual growth rate of 7.2% from 2026 to 2033, reaching USD 3.1 billion by 2033.

Which segment accounted for the largest nickel powder market share?

Carbonyl nickel powder accounted for the largest product type share of 27.1% in 2025, driven by its high purity and broad industrial applicability.

Who are the key players in nickel powder market?

Some of the key vendors in the global nickel powder market include American Elements, BASF SE, Höganäs AB, JFE Steel Corporation, Jinchuan Group, Nornickel, Sandvik AB, Sherritt International, Sumitomo Metal Mining, Vale S.A., and others.

What are the factors driving the nickel powder market?

The global nickel powder market is driven by rising demand for high-performance materials across lithium-ion batteries, powder metallurgy, and additive manufacturing applications. Increasing electric vehicle production, expanding energy storage infrastructure, and advancements in aerospace and industrial manufacturing are further accelerating market growth.