The global Battery Grade Nickel Sulphate market size is expected to reach $ 6913 million by 2032, rising at a market growth of 8.7% CAGR during the forecast period (2026-2032).
Battery grade nickel sulfate generally refers to a high-purity inorganic salt with nickel sulfate hexahydrate (NiSO₄·6H₂O) as its main component, with strictly controlled metallic impurities and moisture. It is a key precursor chemical for high-nickel ternary precursors and cathode materials. In terms of form, battery grade nickel sulfate is mainly supplied to the market in two types: crystalline powder and solution. It can also be divided into the primary route, which is mainly based on sulfide ore and laterite nickel ore, and the recycled route, which is based on the production of scrap materials and waste batteries. The two types of products are gradually coexisting in the downstream cathode system.
In 2024, global Battery Grade Nickel Sulphate sales reached 693 K Tons, with an average global market price of around 4,900 USD/Ton. Production capacity reached 800 K Tons, with a gross profit margin of approximately 15%.
Global Battery Grade Nickel Sulphate key players include Sumitomo Metal Mining, Jinchuan Group, KEMCO (Korea Zinc), MCC Ramu New Energy Technology and Guangxi Yinyi Advanced Material, etc. Global top five manufacturers hold a share about 45%.
The largest market is China, has a share above 75%, followed by South Korea and Japan, with around 10% and 9% market share respectively.
In terms of product, Nickel Sulfate Crystal Powder is the largest segment, with a share about 95%. And in terms of application, the largest application is Power Battery, accounting for above 75% of the market, followed by Consumer Battery and Others.
Battery grade nickel sulfate is currently at a juncture where three forces converge: technological evolution, supply chain rebalancing, and stricter regulations. On the one hand, the International Energy Agency expects demand for electric vehicle batteries to continue to rise over the next decade, with high-nickel systems and their corresponding nickel sulfate precursors still playing a significant role in the high-energy-density segment. On the other hand, the global clean energy transition has led to a highly concentrated supply of critical minerals, prompting the EU to set targets for local mining, processing, and recycling through the Critical Raw Materials Act, while the US has strengthened tax support and compliance thresholds for critical minerals and precursors through the Inflation Reduction Act and other measures. Many policy documents have listed "battery-grade nickel" as a priority.
This report studies the global Battery Grade Nickel Sulphate production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Battery Grade Nickel Sulphate and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Battery Grade Nickel Sulphate that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Battery Grade Nickel Sulphate total production and demand, 2021-2032, (K Tons)
Global Battery Grade Nickel Sulphate total production value, 2021-2032, (USD Million)
Global Battery Grade Nickel Sulphate production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Tons), (based on production site)
Global Battery Grade Nickel Sulphate consumption by region & country, CAGR, 2021-2032 & (K Tons)
U.S. VS China: Battery Grade Nickel Sulphate domestic production, consumption, key domestic manufacturers and share
Global Battery Grade Nickel Sulphate production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Tons)
Global Battery Grade Nickel Sulphate production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K Tons)
Global Battery Grade Nickel Sulphate production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Tons)
This report profiles key players in the global Battery Grade Nickel Sulphate market based on the following parameters - company overview, production, value, 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.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Battery Grade Nickel Sulphate market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Tons) and average price (US$/Ton) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Battery Grade Nickel Sulphate Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Battery Grade Nickel Sulphate Market, Segmentation by Type:
Nickel Sulfate Solution
Nickel Sulfate Crystal Powder
Global Battery Grade Nickel Sulphate Market, Segmentation by Raw Material Sources:
Sulfide Ore
Laterite Nickel Ore
Others
Global Battery Grade Nickel Sulphate Market, Segmentation by Key Indicators:
Cobalt Content
Magnetic Foreign Matter Content
Global Battery Grade Nickel Sulphate Market, Segmentation by Application:
Power Battery
Consumer Battery
Others
Companies Profiled:
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
Key Questions Answered:
1. How big is the global Battery Grade Nickel Sulphate market?
2. What is the demand of the global Battery Grade Nickel Sulphate market?
3. What is the year over year growth of the global Battery Grade Nickel Sulphate market?
4. What is the production and production value of the global Battery Grade Nickel Sulphate market?
5. Who are the key producers in the global Battery Grade Nickel Sulphate market?
6. What are the growth factors driving the market demand?
Summary:
Get latest Market Research Reports on Battery Grade Nickel Sulphate. Industry analysis & Market Report on Battery Grade Nickel Sulphate is a syndicated market report, published as Global Battery Grade Nickel Sulphate Supply, Demand and Key Producers, 2026-2032. It is complete Research Study and Industry Analysis of Battery Grade Nickel Sulphate market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.