Nickel Foam Market Size, Share & Industry Analysis, By Type (Continuous Band-shaped Nickel Foam, High Intensity and Ultra Intense Binding Force Nickel Foam, Other), By Application (Electrode Material, Fuel Cell, Other) and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Nickel is a silver-white colored lustrous, hard and ductile metal found in tiny reserves in earth’s crust. It is obtained in form of ores like limonite, pentlandite, and garnierite. Nickel is a ferromagnetic element with exceptional corrosion resistance, high binding energy and therefore is used in making alloys. Nickel foam is a cellular structure of nickel that has large portion volume occupied with gas filled pores. These are highly used in fuel cells and electrodes attributed to its high porosity, and low density permeability.
The increasing use of alkaline fuel cells attributed to its most developed fuel cell technology, high efficiency and almost 70% of potential reach shall boost the market growth. The inexpensive manufacturing, superior performance over acidic cells, and continuous development in the technologies is raising the demand for alkaline fuel cells further boosting the demand for foam nickel. Additionally, the use of gas diffusion electrodes made from nickel foam in batteries shall foster the market growth.
However, continuous development is observed in the materials and technology used in the energy industry. The introduction of newer technologies in the market shall hamper the market growth.
Key Market Driver -
Increasing demand from electronic sector.
Key Market Restraint -
Introduction of new and enhanced materials and technologies.
Market Segmentation:
Based on type, the market is segmented into continuous band-shaped nickel foam, high intensity and ultra–intense binding force nickel foam, and other. Based on application, the market is segmented into electrode material, fuel cell, and other.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global nickel foam market consists of global & regional players operating. Some of the key players in the market include ERG, Hunan Ted New Materials, Sumitomo Electric, Novamet Speciality Products, Corun, Aluinvent, Cymat, American elements, and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Nickel Foam Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to hold the largest share in the Nickel Foam market. Indonesia and Australia are estimated to have the highest reserves of nickel. Additionally, the lower labor cost is expected to boost the regional market. North America is estimated to hold significant largest share attributed to the high technical advancements and continuous R&D in electronics sector. Europe is expected to show significant growth due to industrial development in countries like Germany and Italy. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
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Segmentation
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Nickel Foam Industry Developments
- American Elements is a Nickel-Foam manufacturing company. It has a wide range of nickel foams with different grades which includes 99%,99.5%, 99.9%, 99.95%, 99.99% and 99.999% nickel foam.
- Ongoing
- 2023
- 2019-2022
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