The global demand for Nickel Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2028 with a CAGR of XX% during 2020-2026.
Nickel is a chemical element, having chemical symbol Ni, is a strong, glossy and silvery-white metal mined from nickel sulfide and garnierite mines. It has outstanding properties both physical and chemical, which make it vital to use in various products. Nickel is used in alloying specifically with chromium and other metals to make stainless as well as heat-resisting steels. A copper-nickel alloy is commonly used in purification plants, which convert seawater into freshwater. Nickel steel is also used for armor plating and other alloys of nickel are used in boat propeller shafts and turbine blades.
Growing demand from the oil and gas industry is considered one of the important factors to drive market growth. In addition to this, the development of nickel-based batteries to fulfill the demand of the growing population to meet the power requirement is also augmenting the market growth. Moreover, the growing demand for stainless steel products in cutlery is thriving the demand.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of nickel.
The entire nickel market has been sub-categorized into product type, application, and end-use industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Class I Products
- Class II Products
By End-Use Industry
- Stainless Steel and Alloy Steel
- Non-ferrous Alloys and Superalloys
- Transportation & Defense
- Fabricated Metal Products
- Electrical & Electronics
- Consumer Durables
- Industrial Machinery
This section covers regional segmentation which accentuates on current and future demand for nickel market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Nickel Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the nickel market include 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. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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