The global nickel nano powder market is experiencing significant growth, driven by the increasing demand in the electronics sector and remarkable advancements in nanotechnology. With diverse applications in chemical manufacturing, medical devices, research & laboratories, nanomaterials, and electrical devices, nickel nano powder is becoming increasingly pivotal in various industries.
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The rapid evolution of nanotechnology has opened new doors of opportunities for researchers, producers, and consumers, creating a favorable environment for market expansion. Notably, the electronics industry has been a major driver, witnessing a rise in demand for cutting-edge products like magnets and ceramic capacitors. Additionally, the adoption of electric vehicles (EVs) in the automotive sector has further bolstered the usage of nickel nano powder.
A key development contributing to the market’s growth is the use of nickel-bonded carbon nanotubes. These nanotubes exhibit both metallic and semiconductor properties, making them highly advantageous for applications in electrically conductive films, plastics, coatings, nanowires, nanofibers, and bioscience. Moreover, government policies supporting the use of composite nanomaterials in the aerospace and automotive sectors have fueled the demand for nickel nano powder.
Despite the robust growth, the market faces challenges due to high production and processing costs. However, the increasing demand for nanomaterials across various industries presents lucrative opportunities for market players.
The ongoing COVID-19 pandemic initially impacted the market, leading to reduced demand from research facilities, electronics companies, and nanomaterials producers. However, the pandemic also resulted in an increased demand for nickel nanoparticles in ventilators and MRI scanners, positively influencing the market.
The <50 category dominates the nickel nano powder market, catering to the electronics sector with applications in fuel cells, catalytic converters, and more. As technology continues to advance in the automotive and aerospace sectors, the market is expected to witness steady growth during the forecast period.
The Asia Pacific region holds the largest revenue share in the global market, driven by countries like Japan, South Korea, and China, where nanotechnology is experiencing rapid growth. In contrast, Europe is experiencing stable revenue growth due to the development of technologically advanced machinery and electronic materials.
In January 2022, Tekna, based in Sherbrooke, Canada, announced its production of advanced powders catering to top market sectors such as energy storage, printed electronics, and additive manufacturing. The company secured a lease for an industrial-pilot manufacturing facility dedicated to nickel nanopowder production. By 2023, Tekna aims to achieve an impressive capacity of up to 25 tonnes of powder per year.
The nickel nano powder market includes several key players, namely:
Otto Chemie Pvt. Ltd. (India)
Sky Spring Nanomaterials, Inc. (U.S.)
Sisco Research Laboratories Pvt. Ltd (India)
American Elements (U.S.)
Nanografi NanoTechnology (Turkey)
ACS Material (U.S.)
Parshwamani Metals (India)
Guangzhou Hongwu Material Technology Co., Ltd. (China)
The Global Nickel Nano Powder Market is segmented as follows:
- Chemical Manufacturing
- Research & Laboratory
- Nuclear Energy
The study on the Global Nickel Nano Powder Market includes the following key elements:
- Nickel Nano Powder Market segmented by Product/Technology/Grade, Application/End-user, and Region.
- Executive Summary presenting Opportunity Analysis and Key Trends.
- Historical Market Size and Estimates, both in terms of Value and Volume, covering the years 2019 to 2022.
- Volume Consumption at Regional and Country Level projected from 2023 to 2030.
- Market Dynamics and an Economic Overview.
- Market Size in Value and Volume, Growth Rates, and Forecast Figures for the period 2023 to 2030.
- Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies.
- Analysis of Regional and Product/Grade/Application/End-user Price Trends.
- Production Output Analysis focusing on Major Producing Regions.
- Value Chain and Five Force’s Analysis.
- Regional/Sub-region/Country Market Size and Trend Analysis.
- Company Market Share Analysis and Profiles of Key Players.