The Global Nickel Plated Steel Strips for Battery Market was valued at USD 492 Million in 2025 and is projected to reach USD 2,118 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 23.5% during the forecast period (2024–2034). This explosive growth is being driven by skyrocketing demand for electric vehicle batteries, the expansion of renewable energy storage systems, and the continuous innovation in consumer electronics requiring high-performance power sources.

As the global economy accelerates its transition to electrification, the critical role of battery components has never been more pronounced. At the heart of modern battery design lies a seemingly simple yet vital component: the nickel-plated steel strip. In this blog, we profile the Top 10 Companies in the Nickel Plated Steel Strips for Battery Industry—a mix of established steel giants and specialized manufacturers shaping the future of energy storage.

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🔟 1. Toyo Kohan Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: High-purity nickel-plated steel strips, precision-engineered for lithium-ion batteries

Toyo Kohan is a leading specialist in surface-treated steel products with a long-standing reputation for quality and innovation. The company’s advanced electroplating technologies produce strips with exceptional consistency, corrosion resistance, and electrical conductivity, making them a preferred supplier for major battery cell manufacturers globally.

Innovation and Expansion Initiatives:

• Investment in next-generation plating lines for ultra-thin coatings

• Strategic partnerships with leading automotive OEMs and battery gigafactories

• Focus on R&D for materials compatible with solid-state battery technology

Download FREE Sample Report: Nickel Plated Steel Strips for Battery Market – View in Detailed Research Report

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9️⃣ 2. Nippon Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: Battery-grade nickel-plated steel strips, custom alloy developments

As one of the world’s largest steel producers, Nippon Steel leverages its vast material science expertise to deliver high-performance strips for the battery sector. The company’s significant R&D investments focus on enhancing the durability and conductivity of its products to meet the stringent demands of next-generation EV batteries.

Innovation and Expansion Initiatives:

• Development of proprietary plating processes for superior adhesion

• Expansion of production capacity to support global EV supply chains

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8️⃣ 3. Tata Steel Limited

Headquarters: Mumbai, India
Key Offering: Nickel-plated strips for automotive and industrial battery applications

Tata Steel is a key player in the Asian market, supplying high-quality materials to a growing domestic and international battery industry. The company is strategically positioned to capitalize on India’s ambitious plans for EV adoption and local battery manufacturing.

Innovation and Expansion Initiatives:

• Focus on cost-competitive manufacturing for mass-market EV batteries

• Collaborations with research institutions for material advancements

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7️⃣ 4. TCC Steel

Headquarters: Seoul, South Korea
Key Offering: Precision nickel-plated steel strips for high-density batteries

TCC Steel is a prominent South Korean manufacturer specializing in coated steel products. Its proximity to the world’s leading battery producers allows for tight integration into their supply chains, providing strips that meet exacting specifications for performance and reliability.

Innovation and Expansion Initiatives:

• Investment in automated quality control systems for zero-defect output

• Development of strips optimized for fast-charging battery technologies

Download FREE Sample Report: Nickel Plated Steel Strips for Battery Market – View in Detailed Research Report

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6️⃣ 5. Zhongshan Sanmei

Headquarters: Zhongshan, China
Key Offering: Economical nickel-plated steel strips for consumer electronics and ESS

Zhongshan Sanmei is a major Chinese supplier catering to the vast domestic battery market. The company has built a strong reputation for providing reliable products at competitive prices, serving a wide range of applications from power tools to energy storage systems.

Innovation and Expansion Initiatives:

• Rapid scaling of production to meet surging local demand

• Focus on improving product consistency and batch-to-batch uniformity

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5️⃣ 6. EAST-NINESKY

Headquarters: Suzhou, China
Key Offering: Specialized nickel-plated strips for niche battery applications

EAST-NINESKY has carved out a niche by focusing on customized solutions for specific battery designs. The company’s flexibility and technical support make it a valuable partner for battery makers developing unique or proprietary cell configurations.

Innovation and Expansion Initiatives:

• Agile manufacturing approach for small-batch, high-margin products

• Close collaboration with customers on co-development projects

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4️⃣ 7. Nonfemet

Headquarters: Hunan, China
Key Offering: Nickel-plated strips with a focus on raw material integration

As part of a larger non-ferrous metals group, Nonfemet benefits from vertical integration, providing stability in raw material sourcing. This allows the company to offer competitive pricing while maintaining quality standards for the battery industry.

Innovation and Expansion Initiatives:

• Leveraging group resources for nickel supply chain security

• Expansion into higher-value automotive-grade strips

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3️⃣ 8. Yongsheng New Material

Headquarters: Zhejiang, China
Key Offering: Advanced nickel-plated strips for premium battery applications

Yongsheng New Material focuses on the high-end segment of the market, producing strips that meet the demanding requirements of top-tier battery manufacturers. The company invests heavily in R&D to stay at the forefront of material performance.

Innovation and Expansion Initiatives:

• Development of ultra-thin coatings for maximized energy density

• Implementation of stringent purity controls for battery-grade materials

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2️⃣ 9. Changde Liyuan New Materials

Headquarters: Hunan, China
Key Offering: Cost-effective nickel-plated strips for volume production

Changde Liyuan New Materials is a growing player in the Chinese market, emphasizing efficient production processes to serve the mass-market needs of the battery industry. The company is expanding its capabilities to capture a larger share of the domestic EV boom.

Innovation and Expansion Initiatives:

• Continuous process optimization for cost reduction

• Capacity expansion to meet orders from major battery producers

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1️⃣ 10. Other Emerging Specialists

Headquarters: Various global locations
Key Offering: Regional and application-specific nickel-plated strip solutions

A cohort of smaller, specialized manufacturers and new entrants are emerging to address regional demands and specific technological niches. These companies often compete on flexibility, localized service, and expertise in particular battery chemistries or formats.

Market Role and Focus:

• Serving regional battery gigafactories with just-in-time supply

• Focusing on innovative plating chemistries and surface treatments

Get Full Report Here: Nickel Plated Steel Strips for Battery Market – View in Detailed Research Report

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🔋 Outlook: The Future of Battery Materials Is High-Performance and Sustainable

The nickel-plated steel strips market is undergoing a fundamental transformation. While current applications dominate lithium-ion technology, the industry is investing heavily in next-generation battery compatibility, advanced manufacturing processes, and sustainable supply chains.

📈 Key Trends Shaping the Market:

• Accelerated capacity expansion in Asia, North America, and Europe to support local battery production

• Technological push for ultra-thin, high-conductivity coatings to maximize battery energy density

• Increased vertical integration and long-term partnerships to ensure raw material security

• R&D focus on materials engineered for solid-state and other advanced battery systems

Get Full Report Here: Nickel Plated Steel Strips for Battery Market – View in Detailed Research Report

The companies listed above are not only supplying a critical battery component—they’re enabling the global transition to electrification across transportation and energy sectors.