Battery Grade Nickel Sulphate Market Report – Research, Industry Analysis Reports and Market Demands

Global Battery Grade Nickel Sulphate Supply, Demand and Key Producers, 2026-2032

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Table of Content

1 Supply Summary

1.1 Battery Grade Nickel Sulphate Introduction
1.2 World Battery Grade Nickel Sulphate Supply & Forecast
- 1.2.1 World Battery Grade Nickel Sulphate Production Value (2021 & 2025 & 2032)
- 1.2.2 World Battery Grade Nickel Sulphate Production (2021-2032)
- 1.2.3 World Battery Grade Nickel Sulphate Pricing Trends (2021-2032)
1.3 World Battery Grade Nickel Sulphate Production by Region (Based on Production Site)
- 1.3.1 World Battery Grade Nickel Sulphate Production Value by Region (2021-2032)
- 1.3.2 World Battery Grade Nickel Sulphate Production by Region (2021-2032)
- 1.3.3 World Battery Grade Nickel Sulphate Average Price by Region (2021-2032)
- 1.3.4 United States Battery Grade Nickel Sulphate Production (2021-2032)
- 1.3.5 Europe Battery Grade Nickel Sulphate Production (2021-2032)
- 1.3.6 China Battery Grade Nickel Sulphate Production (2021-2032)
- 1.3.7 Japan Battery Grade Nickel Sulphate Production (2021-2032)
- 1.3.8 South Korea Battery Grade Nickel Sulphate Production (2021-2032)
1.4 Market Drivers, Restraints and Trends
- 1.4.1 Battery Grade Nickel Sulphate Market Drivers
- 1.4.2 Factors Affecting Demand
- 1.4.3 Battery Grade Nickel Sulphate Major Market Trends

2 Demand Summary

2.1 World Battery Grade Nickel Sulphate Demand (2021-2032)
2.2 World Battery Grade Nickel Sulphate Consumption by Region
- 2.2.1 World Battery Grade Nickel Sulphate Consumption by Region (2021-2026)
- 2.2.2 World Battery Grade Nickel Sulphate Consumption Forecast by Region (2027-2032)
2.3 United States Battery Grade Nickel Sulphate Consumption (2021-2032)
2.4 China Battery Grade Nickel Sulphate Consumption (2021-2032)
2.5 Europe Battery Grade Nickel Sulphate Consumption (2021-2032)
2.6 Japan Battery Grade Nickel Sulphate Consumption (2021-2032)
2.7 South Korea Battery Grade Nickel Sulphate Consumption (2021-2032)
2.8 ASEAN Battery Grade Nickel Sulphate Consumption (2021-2032)
2.9 India Battery Grade Nickel Sulphate Consumption (2021-2032)

3 World Manufacturers Competitive Analysis

3.1 World Battery Grade Nickel Sulphate Production Value by Manufacturer (2021-2026)
3.2 World Battery Grade Nickel Sulphate Production by Manufacturer (2021-2026)
3.3 World Battery Grade Nickel Sulphate Average Price by Manufacturer (2021-2026)
3.4 Battery Grade Nickel Sulphate Company Evaluation Quadrant
3.5 Industry Rank and Concentration Rate (CR)
- 3.5.1 Global Battery Grade Nickel Sulphate Industry Rank of Major Manufacturers
- 3.5.2 Global Concentration Ratios (CR4) for Battery Grade Nickel Sulphate in 2025
- 3.5.3 Global Concentration Ratios (CR8) for Battery Grade Nickel Sulphate in 2025
3.6 Battery Grade Nickel Sulphate Market: Overall Company Footprint Analysis
- 3.6.1 Battery Grade Nickel Sulphate Market: Region Footprint
- 3.6.2 Battery Grade Nickel Sulphate Market: Company Product Type Footprint
- 3.6.3 Battery Grade Nickel Sulphate Market: Company Product Application Footprint
3.7 Competitive Environment
- 3.7.1 Historical Structure of the Industry
- 3.7.2 Barriers of Market Entry
- 3.7.3 Factors of Competition
3.8 New Entrant and Capacity Expansion Plans
3.9 Mergers, Acquisition, Agreements, and Collaborations

4 United States VS China VS Rest of the World

5 Market Analysis by Type

5.1 World Battery Grade Nickel Sulphate Market Size Overview by Type: 2021 VS 2025 VS 2032
5.2 Segment Introduction by Type
- 5.2.1 Nickel Sulfate Solution
- 5.2.2 Nickel Sulfate Crystal Powder
5.3 Market Segment by Type
- 5.3.1 World Battery Grade Nickel Sulphate Production by Type (2021-2032)
- 5.3.2 World Battery Grade Nickel Sulphate Production Value by Type (2021-2032)
- 5.3.3 World Battery Grade Nickel Sulphate Average Price by Type (2021-2032)

6 Market Analysis by Raw Material Sources

6.1 World Battery Grade Nickel Sulphate Market Size Overview by Raw Material Sources: 2021 VS 2025 VS 2032
6.2 Segment Introduction by Raw Material Sources
- 6.2.1 Sulfide Ore
- 6.2.2 Laterite Nickel Ore
- 6.2.3 Others
6.3 Market Segment by Raw Material Sources
- 6.3.1 World Battery Grade Nickel Sulphate Production by Raw Material Sources (2021-2032)
- 6.3.2 World Battery Grade Nickel Sulphate Production Value by Raw Material Sources (2021-2032)
- 6.3.3 World Battery Grade Nickel Sulphate Average Price by Raw Material Sources (2021-2032)

7 Market Analysis by Key Indicators

7.1 World Battery Grade Nickel Sulphate Market Size Overview by Key Indicators: 2021 VS 2025 VS 2032
7.2 Segment Introduction by Key Indicators
- 7.2.1 Cobalt Content
- 7.2.2 Magnetic Foreign Matter Content
7.3 Market Segment by Key Indicators
- 7.3.1 World Battery Grade Nickel Sulphate Production by Key Indicators (2021-2032)
- 7.3.2 World Battery Grade Nickel Sulphate Production Value by Key Indicators (2021-2032)
- 7.3.3 World Battery Grade Nickel Sulphate Average Price by Key Indicators (2021-2032)

8 Market Analysis by Application

8.1 World Battery Grade Nickel Sulphate Market Size Overview by Application: 2021 VS 2025 VS 2032
8.2 Segment Introduction by Application
- 8.2.1 Power Battery
- 8.2.2 Consumer Battery
- 8.2.3 Others
8.3 Market Segment by Application
- 8.3.1 World Battery Grade Nickel Sulphate Production by Application (2021-2032)
- 8.3.2 World Battery Grade Nickel Sulphate Production Value by Application (2021-2032)
- 8.3.3 World Battery Grade Nickel Sulphate Average Price by Application (2021-2032)

9 Company Profiles

10 Industry Chain Analysis

10.1 Battery Grade Nickel Sulphate Industry Chain
10.2 Battery Grade Nickel Sulphate Upstream Analysis
- 10.2.1 Battery Grade Nickel Sulphate Core Raw Materials
- 10.2.2 Main Manufacturers of Battery Grade Nickel Sulphate Core Raw Materials
10.3 Midstream Analysis
10.4 Downstream Analysis
10.5 Battery Grade Nickel Sulphate Production Mode
10.6 Battery Grade Nickel Sulphate Procurement Model
10.7 Battery Grade Nickel Sulphate Industry Sales Model and Sales Channels
- 10.7.1 Battery Grade Nickel Sulphate Sales Model
- 10.7.2 Battery Grade Nickel Sulphate Typical Distributors

11 Research Findings and Conclusion

12 Appendix

12.1 Methodology
12.2 Research Process and Data Source

Description

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?

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