The global nickel nano powder market size was valued at USD 356.5 million in 2021. The market is projected to grow from USD 387.0 million in 2022 to USD 758.8 million by 2029, exhibiting a CAGR of 10.1% during the forecast period. The market has grown terrifically well due to its growing applications in several industries such as research & laboratories, medical devices, nanomaterials, and electronics devices. Fortune Business Insights™ stated this in a report titled, "Nickel Nano Powder Market, 2025-2032."
Nickel nano powder, or nickel nanoparticles, is a fine black or gray powder known for its superior electromagnetic, chemical, and mechanical properties. It is widely used in applications such as ceramic and lubricant additives, conductive coatings, and electromagnetic shielding. Growing demand from industries including chemical manufacturing, medical devices, research laboratories, nanomaterials, and electronics is driving market expansion. Furthermore, the rapid advancements in nanotechnology are broadening opportunities for scientists, manufacturers, and end-users, fueling additional market growth.
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Segments-
Growing Demand in the Electronics & Electrical Industry Drives < 50nmSegment
On the basis of type, the market is classified into ≥ 50 nm and < 50 nm. The < 50 nm segment is expected to rule due to its growing demand in the electronics & electrical industry.
Growing Trend for Digitalization will Favor the Electronics Segment
Based on application, the market is categorized into research & laboratory, nuclear energy, nanomaterials, chemical manufacturing, electronics, and others. The electronics segment will gain traction due to the inclination toward digitalization.
Geographically, the market is segmented into Asia Pacific, Europe, North America, and the Rest of the World.
Report Coverage
The report provides insights into the regional analysis covering different regions, contributing to the market's growth. The report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact the market. Adopting strategies by major players to introduce partnerships, collaboration, and new products will contribute to the market growth.
Drivers and Restraints
Growing Applications for Industrial and Commercial Needsto Fuel Product Demand
The growing application for industrial and commercial needs is a crucial factor that increases the demand for the product. Furthermore, rise in interest among end-users toward advanced electronic products stimulates the need for the product. The growing demand for fuel cells in the automotive industry and the rising incorporation of ceramic capacitors in telecommunications are some factors escalating the product's demand.
Regional Insights
Rapid Advancements of Nanotechnology Nurtures Growth in Asia Pacific
Asia Pacific held a strong foothold in the nickel nano powder market share and is expected to lead the market across South Korea and China due to rapid advancements in nanotechnology.
Europe is likely to showcase excellent growth during the projected period due to rising product applications in the machinery and electronics sectors.
North America is anticipated to have considerable demand due to decent availability of technological resources across the region.
Competitive Landscape
Soaring Investments in Innovation will Favor Market Growth
Major companies, such as Sky Spring Nanomaterials, Inc., Tekna, and Otto Chemie Pvt. Ltd., will invest in technological verticals and R&D activities to establish their strong footholds in the market. Furthermore, contracts have been signed by key players to increase the production capacity of nickel nano powder to support the industrial needs.
List of the Companies Profiled in the Report:
Tekna (Canada)
Otto Chemie Pvt. Ltd. (India)
Sky Spring Nanomaterials, Inc. (U.S.)
Sisco Research Laboratories Pvt. Ltd (India)
Nanoshel (India)
American Elements (U.S.)
Nanografi NanoTechnology (Turkey)
ACS Material (U.S.)
Parshwamani Metals (India)
Guangzhou Hongwu Material Technology Co., Ltd. (China)
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