Nickel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Nickel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • March 2020 •
  • 108 pages •
  • Report ID: 5878766 •
  • Format: PDF
The global nickel market is currently witnessing stable growth.

Nickel, denoted by Ni, is a durable, lustrous and silvery-white metal extracted from nickel sulfide and garnierite mines. It has high electro-magnetic and malleable properties, which aid in casting iron products and manufacturing stainless steel and non-ferrous alloys. Nickel and its derivatives are commonly used in water purification and disposal applications as they require low maintenance and offer water-resistance to the products. When mixed with copper, it is used in desalination plants for the conversion of seawater into freshwater.

The rising demand for corrosion-resistant alloys in the oil and gas industry is one of the key factors driving the growth of the market. Furthermore, the development of high-density nickel-based batteries to meet the power requirements of the growing population is also contributing to the market growth. These batteries serve as a heat- and corrosion-resistant alternative for rechargeable batteries made by using lithium-ion. The advent of electric vehicles is favoring the market growth further. Nickel is also used in wind turbines and solar panels for generating electricity. Furthermore, the rising demand for stainless steel products, including spoons, forks, saucepans, kitchen skins, is driving the product demand. Nickel-based products are also being used for various marine, architectural and construction applications. Other factors, such as technological advancements in the production of nickel through green mining procedures, while incorporating the principles of hydrometallurgy, are expected to drive the market in the upcoming years. Looking forward, the analyst expects the market to register a CAGR of 3.5% during 2020-2025.

Breakup by Product Type:
Class I Products
Class II Products

Breakup by Application:
Stainless Steel and Alloy Steel
Non-ferrous Alloys and Superalloys
Electroplating
Casting
Batteries
Others

Breakup by End-Use Industry:
Transportation & Defense
Fabricated Metal Products
Electrical & Electronics
Chemical
Petrochemical
Construction
Consumer Durables
Industrial Machinery
Others

Breakup by Region:
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
North America
United States
Canada
Latin America
Brazil
Mexico
Argentina
Columbia
Chile
Peru
Others
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Anglo American plc, BHP, Cunico Corporation, Eramet, Glencore, Independence Group, Jinchuan Group International Resources Co. Ltd, Nornickel, Pacific Metal Company, Queensland Nickel, Sherritt International, Sumitomo Corporation, Terrafame Ltd., Vale, Votorantim Group, etc.

Key Questions Answered in This Report:
How has the global nickel market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the global nickel market and who are the key players?
What is the degree of competition in the market?