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

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.

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

Segmentation of Lithium Battery Nickel-Plated Steel Strips Market-

Lithium Battery Nickel-Plated Steel Strips Market By Type-

• Nickel Pre-Plating
• Nickel Post-Plating

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