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Lithium Battery Nickel-Plated Steel Strips Market

Lithium Battery Nickel-Plated Steel Strips Market Size, Share & Trends Analysis Report by Type (Nickel Pre-Plating, Nickel Post-Plating) by Application (Lithium Battery Cans, Lithium Battery Covers, Lithium Battery Connector Strips), By Region, And By Segment Forecasts, 2024-2031

Report ID : 2605 | Published : 2024-07-26 | Pages: 165 | Format: PDF/EXCEL

The Lithium Battery Nickel-Plated Steel Strips Market Size is valued at USD 219.8 million in 2023 and is predicted to reach USD 1159.1 million by the year 2031 at a 23.4% CAGR during the forecast period for 2024-2031.

steel plate

Nickel-plated steel strips play a vital role in the construction and performance of lithium-ion batteries due to their specific characteristics and benefits. The use of nickel plating on steel strips boosts their resistance to corrosion and improves their conductivity. This is essential for ensuring effective current flow and minimizing power loss in the battery system. The utilization of steel as a foundational structure and nickel for electrical functionality renders these strips indispensable elements in the fabrication and operation of lithium-ion batteries, which are employed in a wide range of applications, comprising consumer electronics and electric cars.

Numerous factors are driving the rapidly expanding demand for nickel-plated steel strips made from lithium batteries. The primary driving force behind the increasing global adoption of electric vehicles (EVs) is the car industry's shift towards electrification as a means of meeting strict emissions regulations and satisfying consumer demand for environmentally friendly transportation.

Furtherfore, the improvements in the use of renewable energy sources like solar and wind power calls for effective electrical garage solutions, which increases the demand for lithium batteries and, by extension, nickel-plated metal strips. Additionally, the demand for smaller, more powerful batteries is being driven by improvements in electronics and portable gadgets, highlighting the need for high-normal performance battery components and contributing to the market expansion.

Competitive Landscape

Some Major Key Players In The Lithium Battery Nickel-Plated Steel Strips Market:

  • Toyo Kohan
  • EAST-NINESKY
  • Nippon Steel
  • Yongsheng New Material
  • Tata Steel
  • Nonfemet
  • TCC Steel
  • Zhongshan Sanmei
  • Changde Liyuan New Materials
  • Other Market Players

Market Segmentation:

The lithium battery nickel plated steel strips market is segmented based on type and application. Based on type, the market is segmented into Nickel Pre-Plating and Nickel Post-Plating. As per the application, the market is segmented into Lithium Battery Cans, Lithium Battery Covers, and Lithium Battery Connector Strips.

Based On The Type, The Nickel Pre-Plating Segment Is Accounted As A Major Contributor To The Lithium Battery Nickel-Plated Steel Strips Market.

The Nickel Pre-Plating category is expected to hold a major global market share in 2023. Pre-Plating with nickel entails applying a layer of nickel to the metallic strip before additional processing. By improving conductivity and corrosion resistance, this technique ensures consistent coverage and excellent adherence. Because of its ability to effectively prevent metallic oxidation and improve the performance and toughness of lithium batteries, it is desired in the production of these batteries. Conversely, Nickel Post-Plating entails applying nickel to the metal strip subsequent to the application of other processes. Although still effective, this technique may also result in uneven coating and adhesion issues, which would undoubtedly compromise conductivity and corrosion resistance.

Lithium Battery Cans Segment To Witness Growth At A Rapid Rate.

Nickel-plated metal strips are used as essential parts of the cylindrical lithium-ion battery case in the lithium battery cans phase. These strips provide the structural integrity and overall functionality of the battery enclosure by offering structural usable resources, electric conductivity, and corrosion resistance. The growing markets for consumer electronics and electric vehicles are driving demand. However, when fabricating battery covers or lids, nickel-plated metallic strips are used in the Lithium Battery Covers phase. By providing essential sealing and security, these strips protect the battery's internal components from external factors and influences. As the market for long-lasting and environmentally friendly battery enclosures continues to expand, companies in this sector have a great chance to take the lead.

In The Region, The Asia Pacific Lithium Battery Nickel-Plated Steel Strips Market Holds A Significant Revenue Share.

The Asia Pacific lithium battery nickel plated steel strips market is expected to report the highest market revenue share in the near future. The growing popularity of EVs and the emphasis on renewable energy bases such as solar energy are driving the market in this area. China's reliance on batteries is growing daily, and because of its great energy capacity and storage capabilities, lithium-ion batteries are becoming their main focus. Due to government support for EV adoption brought forth by these battery programs, citizens in China are now inclined to choose home manufacturers over overseas rivals. In addition, North America is projected to grow rapidly in the global lithium battery nickel-plated steel strips market, consisting of a significant movement in the general public's discretionary cash toward sustainable transportation options.

Lithium Battery Nickel-Plated Steel Strips Market Report Scope

Report Attribute

Specifications

Market Size Value In 2023

USD 219.8 Mn

Revenue Forecast In 2031

USD 1,159.1 Mn

Growth Rate CAGR

CAGR of 23.4% from 2024 to 2031

Quantitative Units

Representation of revenue in US$ Mn and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Type And Application

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea

Competitive Landscape

Toyo Kohan, TCC Steel, Nippon Steel, Nonfemet, Tata Steel, Yongsheng New Material, Zhongshan Sanmei, EAST-NINESKY, and Changde Liyuan New Materials.

Customization Scope

Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing And Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Lithium Battery Nickel Plated Steel Strips Market Snapshot

Chapter 4. Global Lithium Battery Nickel Plated Steel Strips Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. by Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:

5.2.1. Nickel Pre-Plating
5.2.2. Nickel Post-Plating

Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

6.2.1. Lithium Battery Cans
6.2.2. Lithium Battery Covers
6.2.3. Lithium Battery Connector Strips

Chapter 7. Lithium Battery Nickel Plated Steel Strips Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Lithium Battery Nickel Plated Steel Strips Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.1.2. North America Lithium Battery Nickel Plated Steel Strips Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.1.3. North America Lithium Battery Nickel Plated Steel Strips Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.2. Europe
7.2.1. Europe Lithium Battery Nickel Plated Steel Strips Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.2.2. Europe Lithium Battery Nickel Plated Steel Strips Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.2.3. Europe Lithium Battery Nickel Plated Steel Strips Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.3. Asia Pacific
7.3.1. Asia Pacific Lithium Battery Nickel Plated Steel Strips Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.3.2. Asia Pacific Lithium Battery Nickel Plated Steel Strips Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.3.3. Asia Pacific Lithium Battery Nickel Plated Steel Strips Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.4. Latin America
7.4.1. Latin America Lithium Battery Nickel Plated Steel Strips Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.4.2. Latin America Lithium Battery Nickel Plated Steel Strips Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.4.3. Latin America Lithium Battery Nickel Plated Steel Strips Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.5. Middle East & Africa
7.5.1. Middle East & Africa Lithium Battery Nickel Plated Steel Strips Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.5.2. Middle East & Africa Lithium Battery Nickel Plated Steel Strips Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.5.3. Middle East & Africa Lithium Battery Nickel Plated Steel Strips Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles

8.2.1. Toyo Kohan (Japan)
8.2.2. Nippon Steel (Japan)
8.2.3. Tata Steel (India)
8.2.4. TCC Steel (South Korea)
8.2.5. Zhongshan Sanmei (China)
8.2.6. EAST-NINESKY (China)
8.2.7. Nonfemet (China)
8.2.8. Yongsheng New Material (China)
8.2.9. Changde Liyuan New Materials
8.2.10. Other Prominent Players

Segmentation of Lithium Battery Nickel-Plated Steel Strips Market-

Lithium Battery Nickel-Plated Steel Strips Market By Type-

  • Nickel Pre-Plating
  • Nickel Post-Plating

Steel plate

Lithium Battery Nickel-Plated Steel Strips Market By Application-

  • Lithium Battery Cans
  • Lithium Battery Covers
  • Lithium Battery Connector Strips

Lithium Battery Nickel-Plated Steel Strips Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

 

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

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Frequently Asked Questions

How big is the Lithium Battery Nickel-Plated Steel Strips Market Size?

The Lithium Battery Nickel-Plated Steel Strips Market is estimated to grow at a 23.4% CAGR during the forecast period for 2024-2031.

Toyo Kohan, TCC Steel, Nippon Steel, Nonfemet, Tata Steel, Yongsheng New Material, Zhongshan Sanmei, EAST-NINESKY, and Changde Liyuan New Materials.

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