Carbonyl Nickel Powder Market Analysis: Growth, Size, Share & Future Trends (2025–2030)
The market report provided a comprehensive analysis segmented by Grade (Filamentary Grade, Chemical Grade, Powder Grade); by Application (Chemical Industry, Powder Metallurgy Components, Metallurgy, Others); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).
Outlook
- The carbonyl nickel powder market is estimated to be at USD 1,288.53 Mn in 2025 and is anticipated to reach USD 1,515.62 Mn in 2030.
- The carbonyl nickel powder market is registering a CAGR of 3.3% during the forecast period 2025-2030.
- The global carbonyl nickel powder market is seeing huge growth and is driven forward by its crucial use in the advanced manufacturing industries of electronics, aerospace, and automotive. This material is in high demand for its purity, fine particle size, and excellent performance in applications like coatings, battery cathodes, and 3D printing materials. Today, as electric vehicle (EV) batteries and aerospace superalloys gain tremendous ground, carbonyl nickel powder is considered essential to producing parts with an excellent level of accuracy and durability.
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Ecosystem
- The participants in the global carbonyl nickel powder industry are always developing their strategies to preserve a competitive advantage.
- Smaller regional players compete by offering customized solutions for niche applications like additive manufacturing and catalysis.
- Several important entities in the carbonyl nickel powder market include MMC Norilsk Nickel; BHP Group Ltd.; Anglo American Plc; Glencore Plc; Jinchuan Group Co., Ltd.; and others.
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Findings
| Attributes | Values |
|---|---|
| Historical Period | 2019-2023 |
| Base Year | 2024 |
| Forecast Period | 2025-2030 |
| Market Size (2025) | USD 1,288.53 Mn |
| Market Size (2030) | USD 1,515.62 Mn |
| Growth Rate | 3.3% CAGR from 2025 to 2030 |
| Key Segments | Grade (Filamentary Grade, Chemical Grade, Powder Grade); Application (Chemical Industry, Powder Metallurgy Components, Metallurgy, Others); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa) |
| Key Vendors | MMC Norilsk Nickel; BHP Group Ltd.; Anglo American Plc; Glencore Plc; Jinchuan Group Co., Ltd. |
| Key Countries | The US; Canada; Mexico; Brazil; Argentina; Colombia; Chile; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Turkey; UAE; Saudi Arabia; Egypt; South Africa |
| Largest Market | North America |
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Trends
- Advancements in 3D Printing Materials: Due to its ultra-fine particle size, high purity, and excellent flowability, carbonyl nickel powder has emerged as an ideal material for 3D printing. The GE Additive company has developed specialized nickel powders for application in the aerospace and automotive industries. These specialized powders are used for components that are lightweight yet durable, which increases fuel efficiency in demanding environments and enhances performance.
- Sustainable Nickel Extraction: The growing focus on sustainability is changing nickel production, with leading companies such as Vale and Glencore embracing greener processes. In 2023, Vale and Glencore companies invested in leading-edge carbon capture technologies aimed at cutting CO2 from the process of producing carbonyl nickel. Such initiatives are aligned with global efforts to decarbonize industries, which ensures an eco-friendlier supply of this critical material.
- Development of Nanostructured Nickel Powder: Nanostructured nickel powders are developed for the application in fuel cells, batteries, and catalysis due to their enhanced surface area and reactivity. For instance, in 2023, researchers at the Massachusetts Institute of Technology (MIT) have developed a novel production method to achieve superior catalytic efficiency in carbonyl nickel powders. These advancements open new possibilities for improving energy storage and chemical processing technologies, paving the way for more efficient and sustainable industrial processes.
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Catalysts
- Increasing Demand for Electric Vehicles (EVs): This booming electric vehicle market is one of the main growth drivers for carbonyl nickel powder since this nickel-powdered material has vast applications in EV batteries, particularly in nickel-rich cathodes. For example, in 2023, Tesla saw a 30% increase in battery production, thereby greatly elevating the requirement for high-purity nickel powders to attain better battery performance and energy density. The popularity of EVs as an energy-efficient mode of transport is another driving force for the carbonyl nickel powder market.
- Utilization in the Aerospace Sector: The aerospace industry is using carbonyl nickel powder for the manufacturing of superalloys and critical high-performance components. In 2023, Boeing claimed a higher demand for its next-generation aircraft engines, which rely on nickel-based superalloys to achieve superior strength, resistive heat, and durability. This shift emphasizes the importance of carbonyl nickel powder in making lightweight, robust parts for advanced aviation technologies.
- Advancements in Power Metallurgy: Ongoing advancements in powder metallurgy are changing the quality of components produced with carbonyl nickel powder. Research conducted in Germany in 2023 introduced advanced processing techniques to improve the density and mechanical properties of end products. These are influencing higher intake rates of carbonyl nickel powder in businesses like automotive, aerospace, and energy, where precision and reliability are very fundamental requirements.
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Restraints
- High Production Cost: Producing carbonyl nickel powder involves complex processes, as it involves obtaining pure and refined particle, which is capital-intensive. For example, in 2023, manufacturers in North America also reported a considerable escalation of costs supported by rising energy prices and the technical challenges of maintaining quality consistency. Such high costs frequently limit the affordability of carbonyl nickel powder for many applications, thus constraining market expansion.
- Supply-chain Disruption: Geopolitical tension and trade restrictions have disrupted global supply of nickel which makes the market unstable. In 2023, imports of nickel, from Russia into the European Union declined by 15%. This caused shortages in the supply chain and volatility in the price. Procurement becomes highly complicated for manufacturers, and it further affects timelines and costs for production.
- Limited Availability of Raw Material: Scarce supplies of high-grade nickel ores make the production of carbonyl nickel powder somewhat challenging. Over-extraction in some of the regions, such as Southeast Asia, reduces availability in terms of raw material supply. For example, in 2023, it was reported that the major nickel producer, i.e., Indonesia, saw its high-quality nickel ores reserves being depleted. Therefore, the production capacity and supply chain suffer the risk of uncertainty.
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Table of Contents
| 1. Introduction 1.1. Research Methodology 1.2. Scope of the Study 2. Market Overview/Executive Summary 2.1. Global Carbonyl Nickel Powder Market (2019 – 2023) 2.2. Global Carbonyl Nickel Powder Market (2024 – 2030) 3. Market Segmentation 3.1. Global Carbonyl Nickel Powder Market by Grade 3.1.1. Filamentary Grade 3.1.2. Chemical Grade 3.1.3. Powder Grade 3.2. Global Carbonyl Nickel Powder Market by Application 3.2.1. Chemical Industry 3.2.2. Powder Metallurgy Components 3.2.3. Metallurgy 3.2.4. Others 4. Regional Segmentation 4.1. North America 4.1.1. The US 4.1.2. Canada 4.1.3. Mexico 4.2. South America 4.2.1. Brazil 4.2.2. Argentina 4.2.3. Colombia 4.2.4. Chile 4.2.5. Rest of South America 4.3. Asia Pacific 4.3.1. China 4.3.2. India 4.3.3. Japan 4.3.4. South Korea 4.3.5. Rest of Asia Pacific 4.4. Europe 4.4.1. The UK 4.4.2. Germany 4.4.3. Italy 4.4.4. France 4.4.5. Spain 4.4.6. Rest of Europe 4.5. The Middle East 4.5.1. Turkey 4.5.2. UAE 4.5.3. Saudi Arabia 4.5.4. Rest of the Middle East 4.6. Africa 4.6.1. Egypt 4.6.2. South Africa 4.6.3. Rest of Africa 5. Value Chain Analysis of the Global Carbonyl Nickel Powder Market 6. Porter Five Forces Analysis 6.1. Threats of New Entrants 6.2. Threats of Substitutes 6.3. Bargaining Power of Buyers 6.4. Bargaining Power of Suppliers 6.5. Competition in the Industry 7. Trends, Drivers and Challenges Analysis 7.1. Market Trends 7.1.1. Market Trend 1 7.1.2. Market Trend 2 7.1.3. Market Trend 3 7.2. Market Drivers 7.2.1. Market Driver 1 7.2.2. Market Driver 2 7.2.3. Market Driver 3 7.3. Market Challenges 7.3.1. Market Challenge 1 7.3.2. Market Challenge 2 7.3.3. Market Challenge 3 8. Opportunities Analysis 8.1. Market Opportunity 1 8.2. Market Opportunity 2 8.3. Market Opportunity 3 9. Competitive Landscape 9.1. MMC Norilsk Nickel 9.2. BHP Group Ltd. 9.3. Anglo American Plc 9.4. Glencore Plc 9.5. Jinchuan Group Co., Ltd. 9.6. Company 6 9.7. Company 7 9.8. Company 8 9.9. Company 9 9.10. Company 10 |
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Carbonyl Nickel Powder Market – FAQs
1. What is the current size of the carbonyl nickel powder market?
Ans. In 2025, the carbonyl nickel powder market size is USD 1,288.53 Mn.
2. Who are the major vendors in the carbonyl nickel powder market?
Ans. The major vendors in the carbonyl nickel powder market are MMC Norilsk Nickel; BHP Group Ltd.; Anglo American Plc; Glencore Plc; Jinchuan Group Co., Ltd.
3. Which segments are covered under the carbonyl nickel powder market segments analysis?
Ans. The carbonyl nickel powder market report offers in-depth insights into Grade, Application, and Geography.