Lithium Battery Nickel Plated Steel Strips Research:CAGR of 24.2% during the forecast period

Lithium Battery Nickel Plated Steel Strips Market Summary

Lithium Battery Nickel Plated Steel Strips is a kind of fiber material that is processed into a certain length of short segments of continuous carbon fiber through mechanical shearing or cutting. It has excellent properties such as high strength, high modulus, corrosion resistance, and light weight. Compared with continuous carbon fiber, Lithium Battery Nickel Plated Steel Strips is more suitable for mixing with thermoplastic or thermosetting resin to form composite materials. It can be processed into complex structural parts through various molding processes such as injection molding, molding, and 3D printing. It is widely used in automobiles, electronic appliances, civil engineering and building reinforcement, aerospace, and sports equipment. It not only retains the mechanical properties of carbon fiber, but also improves the processing flexibility and cost-effectiveness of the material.

Fast Increasing Demand: As battery manufacturers are expanding their capacity largely, especially the cylinder lithium battery for EVs, while nickel plated strips are the important raw materials of cylinder lithium battery cans, demand of nickel plated strips will increase fast in the coming years.

More Capacity Released: Supported by promising demand for cylindrical lithium batteries, nickel plated strip manufacturers are actively expanding production capacity, particularly in China, where they are expected to capture a larger market share.

Intensified Competition: Competition between existed manufacturers and new entrants will be intensified in the coming years.

According to the new market research report "Global Lithium Battery Nickel Plated Steel Strips Market Report 2025-2031", published by QYResearch, the global Lithium Battery Nickel Plated Steel Strips market size is projected to grow from USD 392 million in 2024 to USD 1,933 million by 2031, at a CAGR of 24.2% during the forecast period.

Figure00002. Global Lithium Battery Nickel Plated Steel Strips Market Size (US$ Million), 2020-2031

Above data is based on report from QYResearch: Global Lithium Battery Nickel Plated Steel Strips Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

Figure00003. Global Lithium Battery Nickel Plated Steel Strips Top 9 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Above data is based on report from QYResearch: Global Lithium Battery Nickel Plated Steel Strips Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

This report profiles key players of Lithium Battery Nickel Plated Steel Strips such as Toyo Kohan, Nippon Steel, Tata Steel, TCC Steel.

In 2024, the global top three Lithium Battery Nickel Plated Steel Strips players account for 74% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Lithium Battery Nickel Plated Steel Strips.

Market Drivers:

Lithium-ion power batteries are key components of EVs. With the policy stimulus of various countries, the EVs will see high penetration in the whole automotive industry, which will stimulate the nickel plated steel strip demand synchronously.

Restraint:

Currently, power batteries are still held by prismatic batteries and cylinder lithium battery accounts for small part, the consumption pattern of power batteries will bring challenges to nickel plated steel strips.

Opportunity:

Related support of government polices, such as consensus on EVs development.

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