Global Nickel Sulfate for Battery Use Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Nickel Sulfate for Battery Use market size was valued at US$ 3494 million in 2024 and is forecast to a readjusted size of USD 6231 million by 2031 with a CAGR of 8.7% during review period.

Nickel sulfate (NiSO4) is a midstream product of the nickel industry chain. It is a nickel salt obtained by smelting and processing nickel sulfide ore or laterite nickel ore. Nickel sulfate is usually divided into electroplating grade nickel sulfate and battery grade nickel sulfate according to different application scenarios. Electroplating grade nickel sulfate is the main nickel salt of electroplating nickel and chemical nickel, and is also the source of metal nickel ions. It can dissociate nickel ions and sulfate ions during the electroplating process. Battery grade nickel sulfate is mainly used in the battery field to manufacture precursor materials for ternary batteries and spherical nickel hydroxide for nickel-hydrogen batteries. Nickel sulfate is one of the key raw materials for the preparation of lithium battery positive electrode materials. Especially in the manufacturing process of ternary lithium batteries, nickel sulfate, together with raw materials such as cobalt salts and manganese salts, generates precursors of positive electrode materials through a series of chemical reactions. Battery grade nickel sulfate has a specific chemical composition and physical form, usually in the form of crystalline powder (some companies also provide cobalt sulfate solution).According to USGS data, global nickel resources are mainly distributed in Indonesia, Australia, Brazil, Russia, the Philippines, China, Canada, the United States and other countries. Among them, Indonesia, Australia and Brazil account for 60% of nickel resource reserves. However, in recent years, Indonesia has gradually tightened its export restrictions on raw ore, which has had a certain impact on the supply of raw materials for nickel sulfate. In terms of production technology, nickel sulfate has various production methods. For example, Shanghai CN Science And Technology uses wet separation technology to produce nickel sulfate. It mainly produces battery-grade nickel sulfate through a series of processes and supporting equipment such as acid leaching, impurity removal, extraction and purification, multi-effect evaporation, and continuous crystallization.

In terms of terminal applications, battery material companies generally use crystal powder to manufacture ternary materials. On the one hand, the transportation cost of the solution is very high, and the selling price + transportation cost is much higher than that of electroplating-grade nickel sulfate; on the other hand, the solution is a dangerous product, and long-term storage has a certain impact on the content of the product itself. At the same time, the crystal powder is easy to store and can be resold on the market.

In terms of market competition, global battery-grade nickel sulfate (powder/solution) companies are mainly distributed in Japan, China, South Korea, Finland, Indonesia, Australia and Belgium. Among them, China's share of battery-grade nickel sulfate production exceeds 60%. The world's top 5 companies mainly include Sumitomo Metal Mining, Jinchuan Group, KEMCO (Korea Zinc), MCC Ramu New Energy Technology and Guangxi Yinyi Advanced Material, with a market share of 44%. There are many companies in China that have the ability to produce nickel sulfate, but the production capacity is mainly concentrated in a few large companies.

With the continuous development of new energy technology, electric vehicles, as the mainstream trend of automobiles, will continue to grow in market demand, thereby driving the growth of the power battery material market.

This report is a detailed and comprehensive analysis for global Nickel Sulfate for Battery Use market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Nickel Sulfate for Battery Use market size and forecasts, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031

Global Nickel Sulfate for Battery Use market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031

Global Nickel Sulfate for Battery Use market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031

Global Nickel Sulfate for Battery Use market shares of main players, shipments in revenue ($ Million), sales quantity (Kilotons), and ASP (US$/Ton), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Nickel Sulfate for Battery Use

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Nickel Sulfate for Battery Use market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sumitomo Metal Mining, Jinchuan Group, KEMCO (Korea Zinc), MCC Ramu New Energy Technology, Guangxi Yinyi Advanced Material, Ji En Nickel Industry, Terrafame Ltd, Shanghai CN Science And Technology, Trimegah Bangun Persada (TBP), BHP, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Nickel Sulfate for Battery Use market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Crystal Powder
Solution

Market segment by Application
Consumer Electronics
Electric Mobility
Energy Storage Systems

Major players covered
Sumitomo Metal Mining
Jinchuan Group
KEMCO (Korea Zinc)
MCC Ramu New Energy Technology
Guangxi Yinyi Advanced Material
Ji En Nickel Industry
Terrafame Ltd
Shanghai CN Science And Technology
Trimegah Bangun Persada (TBP)
BHP
Umicore
GEM
CoreMax Corporation
Nornickel
Guangdong Jin Sheng New Energy
Huayou Cobalt
Guangdong Feinan Resources Recycling
Jiangxi Grand Green Technology
Dalian Ruiyuan Power

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Nickel Sulfate for Battery Use product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Nickel Sulfate for Battery Use, with price, sales quantity, revenue, and global market share of Nickel Sulfate for Battery Use from 2020 to 2025.

Chapter 3, the Nickel Sulfate for Battery Use competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Nickel Sulfate for Battery Use breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Nickel Sulfate for Battery Use market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Nickel Sulfate for Battery Use.

Chapter 14 and 15, to describe Nickel Sulfate for Battery Use sales channel, distributors, customers, research findings and conclusion.