Nickel Hydroxide Market Outlook:
Nickel Hydroxide Market size was valued at USD 2.72 billion in 2025 and is set to exceed USD 4.78 billion by 2035, expanding at over 5.8% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of nickel hydroxide is estimated at USD 2.86 billion.
The reason behind the growth is impelled by the growing manufacturing of automobiles across the globe. One of the largest sectors of the global economy is the automotive manufacturing sector led by the growing automation, digitization, and rising disposable income levels among global consumers.
For instance, more than 55 million cars are made annually, up around half of the world's oil usage. Particularly, in 2022 over 85 million motor vehicles were produced globally, a 5% increase from 2021.
The growing advancements in battery technology are believed to fuel the nickel hydroxide market growth. Increasing battery energy density and adding fast charging capabilities are top priorities for battery and electric vehicle manufacturers which has led to the development of new, advanced batteries to increase the amount of energy that can be stored in batteries.
