The Global Nickel Hydroxide Market was valued at USD 635.16 Million in 2024 and is projected to grow from USD 665.83 Million in 2025 to USD 872.41 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period (2025–2032). This growth is being driven by accelerating demand for nickel-metal hydride (NiMH) batteries across electric vehicles, renewable energy storage applications, and surging needs in hybrid automotive sectors.

As the energy storage industry transforms toward sustainable batteries and efficient power solutions, the spotlight is on the key producers who are driving innovation, high-purity materials, and greener manufacturing pathways. In this blog, we profile the Top 10 Companies in the Nickel Hydroxide Industry—a mix of mining giants, chemical refiners, and battery material pioneers shaping the future of global NiMH batteries and beyond.

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🔟 1. Henan Kelong New Energy

Headquarters: Zhengzhou, Henan, China
Key Offering: Beta-nickel hydroxide, high-purity Ni(OH)₂ for NiMH batteries

Henan Kelong New Energy is a rising player in China’s nickel hydroxide production, specializing in battery-grade materials for consumer electronics and hybrid vehicles. The company focuses on cost-effective production processes, serving domestic battery manufacturers with consistent supply amid growing EV hybrid demand. Their facilities emphasize scalability to meet Asia-Pacific’s booming energy storage needs.

Sustainability Initiatives:

• Investments in recycling nickel from spent batteries
• Low-carbon production techniques
• Partnerships for circular economy in battery supply chains

Download FREE Sample Report: Nickel Hydroxide Market – View in Detailed Research Report

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9️⃣ 2. Hunan Jinwang Nickel Industry

Headquarters: Zhuzhou, Hunan, China
Key Offering: Nickel hydroxide powders, composite variants for NiCd and NiMH

Hunan Jinwang Nickel Industry supplies nickel hydroxide primarily to the Chinese battery sector, supporting applications in power tools and emergency lighting. With a strong regional footprint, the company benefits from proximity to nickel resources and invests in quality control to meet international standards for electrochemical performance.

Sustainability Initiatives:

• Wastewater treatment advancements
• Energy-efficient precipitation processes
• Compliance with national green manufacturing policies

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8️⃣ 3. GEM Co., Ltd.

Headquarters: Shenzhen, Guangdong, China
Key Offering: Recycled nickel hydroxide, battery-grade materials

GEM Co., Ltd. stands out for its recycling expertise, producing nickel hydroxide from end-of-life batteries. This approach supports the circular economy, providing sustainable feedstock to EV and energy storage manufacturers. Their operations align with China’s push for resource recovery in the battery industry.

Sustainability Initiatives:

• Hydrometallurgical recycling achieving high recovery rates
• Zero-waste facility goals
• Collaborations with battery recyclers globally

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7️⃣ 4. Jilin Jien Nickel Industry

Headquarters: Jilin City, Jilin, China
Key Offering: Beta and alpha-nickel hydroxide for rechargeable batteries

Jilin Jien Nickel Industry is a key supplier in Northeast China, focusing on high-density nickel hydroxide for NiMH batteries used in hybrid vehicles. The company’s integrated production from nickel intermediates ensures reliable quality and volume for automotive end-users.

Sustainability Initiatives:

• Adoption of clean energy in manufacturing
• Research into cobalt-free composites
• Local environmental compliance certifications

Download FREE Sample Report: Nickel Hydroxide Market – View in Detailed Research Report

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6️⃣ 5. SMM Group

Headquarters: Tokyo, Japan
Key Offering: High-purity nickel hydroxide, nanostructured variants

SMM Group, part of Sumitomo Metal Mining, delivers advanced nickel hydroxide for premium battery applications. Their technology enhances energy density, making them a preferred partner for Japanese automakers in hybrid EV production where reliability is paramount.

Sustainability Initiatives:

• Closed-loop recycling systems
• Carbon-neutral production targets
• R&D for sustainable sourcing

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5️⃣ 6. Tanaka Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Ultra-high purity nickel hydroxide (99.9%), aerospace-grade

Tanaka Chemical Corporation excels in specialty nickel hydroxide for demanding applications like aerospace batteries and medical devices. Their ultra-pure products offer superior stability, positioning them as innovators in niche high-value segments beyond standard NiMH.

Sustainability Initiatives:

• Advanced impurity reduction processes
• Partnerships for battery lifecycle management
• Green chemistry implementations

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4️⃣ 7. Sumitomo Metal Mining Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Battery-grade nickel hydroxide, optimized for EVs

Sumitomo Metal Mining is a global leader with cutting-edge nickel hydroxide tailored for high-performance NiMH batteries. Serving major automotive OEMs, they drive innovations in cycle life and energy density, capitalizing on Japan’s hybrid vehicle dominance.

Sustainability Initiatives:

• 25% market share in advanced materials
• Strategic EV battery partnerships
• Net-zero roadmap by 2050

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3️⃣ 8. Umicore

Headquarters: Brussels, Belgium
Key Offering: High-performance nickel hydroxide for NiMH, energy densities up to 140 Wh/kg

Umicore leads in Europe with advanced battery materials, including nickel hydroxide that bridges the gap with lithium-ion through safety and recyclability. Their R&D focuses on hybrid and stationary storage, supporting the EU’s green transition.

Sustainability Initiatives:

• Recycling efficiency over 90%
• Battery material circularity programs
• Compliance with EU Battery Regulation

Download FREE Sample Report: Nickel Hydroxide Market – View in Detailed Research Report

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2️⃣ 9. Norilsk Nickel

Headquarters: Moscow, Russia
Key Offering: High-volume beta-nickel hydroxide, 18% global capacity

Norilsk Nickel dominates with vertically integrated operations from mining to nickel hydroxide, offering cost advantages for large-scale battery production. They supply global chains, focusing on volume for EV hybrids and renewables despite geopolitical challenges.

Sustainability Initiatives:

• Sustainable mining practices
• R&D in low-carbon processing
• Global partnerships for supply stability

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1️⃣ 10. Sumitomo Metal Mining

Headquarters: Tokyo, Japan
Key Offering: Premium nickel hydroxide for NiMH, advanced formulations

At the forefront, Sumitomo Metal Mining combines mining prowess with material science, producing optimized nickel hydroxide for next-gen batteries. They hold significant share through tech partnerships, powering the hybrid EV surge and energy storage boom.

Sustainability Initiatives:

• High-recovery recycling networks
• EV-focused capacity expansions
• Strategic alliances for green nickel

Read Full Report: Nickel Hydroxide Market – View in Detailed Research Report

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🌍 Outlook: The Future of Nickel Hydroxide Is Advanced Batteries and Sustainable Storage

The nickel hydroxide market is undergoing a dynamic shift. While NiMH remains vital for hybrids, the industry is investing heavily in nanostructured materials, recycling tech, and expanded capacity to meet EV and renewable demands. Asia-Pacific leads with over 60% share, propelled by China and Japan.

📈 Key Trends Shaping the Market:

• Rapid NiMH capacity expansion in Asia-Pacific, Europe, and North America
• Regulatory mandates for battery recycling and 95% nickel recovery by 2030
• Digitalization of supply chains with blockchain for traceability
• Producer alliances for cobalt-free innovations and circular supply

Read Full Report: Nickel Hydroxide Market – View in Detailed Research Report

The companies listed above are not only powering global batteries—they’re spearheading the sustainable energy transition in mobility and storage.