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Jun 05, 2025

United States's Nickel Powder Market to Surge with +15.1% CAGR Over Next Decade - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: U.S. - Nickel Powders And Flakes - Market Analysis,

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IndexBox has just published a new report: U.S. - Nickel Powders And Flakes - Market Analysis, Forecast, Size, Trends And Insights.

The United States nickel powder market is predicted to experience a significant upward consumption trend in the coming years, with a forecasted CAGR of +15.1% in volume and +16.8% in value from 2024 to 2035. This growth is expected to bring the market volume to 2.1K tons and market value to $73M by the end of 2035, reflecting the increasing demand for nickel powder in various industries.

Driven by rising demand for nickel powder in the United States, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +15.1% for the period from 2024 to 2035, which is projected to bring the market volume to 2.1K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +16.8% for the period from 2024 to 2035, which is projected to bring the market value to $73M (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of nickel powders and flakes decreased by -88.8% to 459 tons, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt downturn. Nickel powder consumption peaked at 9.2K tons in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The value of the nickel powder market in the United States shrank rapidly to $13M in 2024, falling by -89.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a deep slump. Nickel powder consumption peaked at $257M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

In 2024, supplies from abroad of nickel powders and flakes decreased by -42.8% to 3.6K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a noticeable setback. The growth pace was the most rapid in 2021 with an increase of 111% against the previous year. Imports peaked at 11K tons in 2022; however, from 2023 to 2024, imports remained at a lower figure.

In value terms, nickel powder imports declined notably to $111M in 2024. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 120% against the previous year. Imports peaked at $325M in 2022; however, from 2023 to 2024, imports remained at a lower figure.

In 2024, Canada (2.4K tons) constituted the largest nickel powder supplier to the United States, with a 66% share of total imports. Moreover, nickel powder imports from Canada exceeded the figures recorded by the second-largest supplier, the UK (436 tons), sixfold. Germany (192 tons) ranked third in terms of total imports with a 5.3% share.

From 2013 to 2024, the average annual growth rate of volume from Canada totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.1% per year) and Germany (+5.1% per year).

In value terms, Canada ($70M) constituted the largest supplier of nickel powders and flakes to the United States, comprising 63% of total imports. The second position in the ranking was held by the UK ($14M), with a 12% share of total imports. It was followed by Germany, with a 9.4% share.

From 2013 to 2024, the average annual growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+1.5% per year) and Germany (+2.4% per year).

The average nickel powder import price stood at $30,450 per ton in 2024, reducing by -8.6% against the previous year. Overall, import price indicated tangible growth from 2013 to 2024: its price increased at an average annual rate of +3.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, nickel powder import price increased by +85.4% against 2016 indices. The growth pace was the most rapid in 2022 when the average import price increased by 30% against the previous year. Over the period under review, average import prices hit record highs at $33,326 per ton in 2023, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($54,573 per ton), while the price for Australia ($17,108 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Russia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, shipments abroad of nickel powders and flakes increased by 39% to 3.2K tons, rising for the fourth year in a row after two years of decline. Over the period under review, total exports indicated a strong expansion from 2013 to 2024: its volume increased at an average annual rate of +6.0% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +105.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel powder exports totaled $123M in 2024. Overall, exports showed a remarkable increase. The pace of growth was the most pronounced in 2022 with an increase of 30%. Over the period under review, the exports attained the maximum in 2024 and are likely to see steady growth in years to come.

South Korea (690 tons), China (521 tons) and Germany (478 tons) were the main destinations of nickel powder exports from the United States, with a combined 53% share of total exports.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +23.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nickel powder exported from the United States were Germany ($25M), Singapore ($17M) and China ($17M), with a combined 48% share of total exports. South Korea, Canada, Mexico, the UK, Brazil, India, Japan and Thailand lagged somewhat behind, together comprising a further 39%.

South Korea, with a CAGR of +18.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

In 2024, the average nickel powder export price amounted to $38,789 per ton, which is down by -21.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of 17% against the previous year. As a result, the export price reached the peak level of $50,737 per ton. From 2023 to 2024, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2024, amid the top suppliers, the country with the highest price was Japan ($55,501 per ton), while the average price for exports to South Korea ($23,172 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the nickel powder market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles