Nickel Powder Price Trend

Nickel Powder Prices December 2023

The price of nickel powder in the USA reached 23,095 USD/MT in the final quarter of 2023. Whereas the price of nickel powder in Germany settled at 22,757 USD/MT at the end of Q4.

Nickel Powder Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Nickel Powder Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of nickel powder pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of nickel powder at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of nickel powder price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing nickel powder price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Nickel Powder Market Analysis

The global nickel powder market size reached US$ 531.3 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 845.7 Million, at a projected CAGR of 5.30% during 2023-2032.

• The growth of the nickel powder sector has been substantially facilitated by the rise in demand for electric vehicles (EVs). 2023 saw the registration of about 14 million new electric cars worldwide, increasing the total number of automobiles on the road to 40 million. Also, electric car sales in 2023 witnessed a 35 percent year-on-year increase. This powder is a crucial component in the production of nickel-based batteries, such as lithium-ion and nickel-metal hydride batteries, which are widely used in EVs and various consumer electronics. The need for efficient and large-capacity batteries has significantly increased as a result of the shift to greener energy sources and the rising popularity of electric vehicles (EVs) in the fight against climate change.
• The aerospace and defense sectors have witnessed significant growth, contributing to the increased demand for this powder. It is widely employed in the creation of superalloys, which are necessary for producing high-performance parts for turbine engines, airplane frames, and other defense-related uses. These superalloys possess exceptional strength, corrosion resistance, and high-temperature stability, making them ideal for use in extreme conditions. The Stockholm International Peace Research Institute projects that global military spending will increase by 6.8% to US$ 2443 billion by 2023. Additionally, the average military spending as a percentage of all government spending increased by 0.4% in the same year. The rise in the production of military gear and aircraft has led to a rise in the demand for nickel powder.
• The introduction of additive manufacturing, also known as three-dimensional (3D) printing, has revolutionized various industries, including aerospace, automotive, and healthcare, leading to a boom in demand for the product. The excellent strength-to-weight ratio and durability of this powder are what are driving its increasing use in additive manufacturing. The continued advancements in 3D printing technology and the development of novel uses for the powder have further expanded the market potential for nickel powder.
• Electronic components including resistors, inductors, and capacitors are made with the use of this powder in the electronics sector. It is used to manufacture these components due to its excellent electrical conductivity and magnetic properties. The rapid growth of the electronics industry, fueled by the rising demand for consumer electronics, smart devices, and telecommunications equipment, has led to an increased need for high-quality electronic components. At present, the Indian electronics market is estimated to be about $155 billion, with domestic manufacturing accounting for 65% of this value. Furthermore, 6.84 billion cellphones are in use globally.

Nickel Powder News

The report covers the latest developments, updates, and trends impacting the global nickel powder market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in nickel powder production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the nickel powder price trend.

Latest developments in the nickel powder industry:

• In January 2024, Sandvik AB, a leading producer of metal powders, announced the KBM Advanced Materials, LLC, will distribute its range of metal powders for additive manufacturing applications across the USA.
• In August 2023, Nornickel announced that it is exploring new opportunities to produce and use powder materials made from metals like nickel, copper, and cobalt.

Product Description

Nickel powder is a finely divided form of nickel, a versatile transition metal known for its exceptional mechanical, thermal, and chemical properties. It is available in various forms like electrolytic, carbonyl, atomized, and reduced nickel powders. It is a gray to black colored powder that possesses different physical properties, like density (8.90 g/cm³), melting point (1455°C (2651°F)), and boiling point (2730°C (4946°F)).

Nickel powder is produced through various methods, such as electrolytic deposition, chemical reaction, and atomization. It is employed in batteries, electronics, coatings and plating, additive manufacturing, and catalytic reactions. It is known for its high purity, versatility, mechanical strength, corrosion resistance, and thermal stability. Additionally, it aids in enhancing battery performance, improving electrical properties, facilitating efficient chemical reactions, and extending the lifespan of coated surfaces.

Regional Coverage

The report provides a detailed analysis of the nickel powder market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the nickel powder price trend. 

Global Nickel Powder Price

The report offers a holistic view of the global nickel powder pricing trends in the form of nickel powder price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of nickel powder but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed nickel powder demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Nickel Powder Price

European nickel powder prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed nickel powder price information for a comprehensive list of countries.

North America Nickel Powder Price

The analysis of nickel powder prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific nickel powder historical data within the United States and Canada can also be provided.

Middle East and Africa Nickel Powder Price

The report explores the nickel powder pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on nickel powder prices for countries can also be provided.

Asia Pacific Nickel Powder Price

The nickel powder pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This nickel powder price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Nickel Powder Price

The analysis of nickel powder prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of nickel powder pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting nickel powder price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The nickel powder price charts ensure our clients remain at the forefront of the industry.