Published by IMARC Services Private Limited
Posted on September 6, 2021
According to the latest report by IMARC Group, titled “Nickel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global nickel market size reached US$ 12.8 Billion in 2020. Nickel (Ni) is a durable, lustrous, and silvery-white chemical element extracted from nickel sulfide and garnierite mines. It has high electro-magnetic and malleable properties that help in the production of non-ferrous alloys and stainless steel. Nickel and its derivatives are widely used in the disposal and water purification process as they offer water-resistance and require low maintenance. At present, they are widely being utilized across the globe on account of their high electrical and thermal conductivity.
Request for a PDF sample of this report: https://www.imarcgroup.com/nickel-market/requestsample
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Nickel Market Trends:
A significant increase in the utilization of corrosion-resistant alloys in the oil and gas industry represents one of the primary factors positively influencing the market. Apart from this, the escalating demand for high-density nickel-based batteries to replace rechargeable batteries and assist the power requirements of the growing population is strengthening the growth of the market. Nickel is also employed in solar panels and wind turbines for generating electricity. Furthermore, the rising demand for stainless steel products, including kitchen skins, saucepans, forks, and spoons, is contributing to the global market growth. Besides this, technological advancements in the production of nickel via green mining procedures and the boosting demand for electric vehicles are stimulating the market growth. Looking forward, IMARC Group expects the global nickel market to continue its steady growth during the forecast period (2021-2026).
Market Summary:
· Based on the product type, class II nickel holds the largest market share, followed by class I nickel.
· On the basis of the application, the market has been segregated into stainless and alloy steel, non-ferrous alloys and superalloys, electroplating, casting, batteries, and others. At present, stainless and alloy steel hold the largest market share.
· Based on the end use industry, the market has been divided into transportation and defense, fabricated metal products, electrical and electronics, chemical, petrochemical, construction, consumer durables, industrial machinery, and others. The transportation and defense sector accounts for the majority of the total market share.
· Region-wise, the market has been classified into the Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others); North America (the United States and Canada); Latin America (Brazil, Mexico, Argentina, Columbia, Chile, Peru, and others); and Middle East and Africa (the United Arab Emirates, Turkey, Saudi Arabia, Iran, and others). Amongst these, Asia Pacific enjoys the leading position in the market.
· The competitive landscape of the market has been examined, with some of the key players being Anglo American Plc, BHP Group Limited, Cunico Corporation, Eramet Group, Glencore Plc, IGO Limited, Jinchuan Group International Resources Co. Ltd., Norilsk Nickel, Pacific Metal Company, Queensland Nickel Group, Sherritt International Corporation, Sumitomo Corporation, Terraframe Ltd., Vale S.A. and Votorantim SA.
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/nickel-market
We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Related Reports by IMARC Group:
Thermal Interface Material: https://www.imarcgroup.com/thermal-interface-material-market
Biodiesel Market: https://www.imarcgroup.com/biodiesel-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
According to the latest report by IMARC Group, titled “Nickel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global nickel market size reached US$ 12.8 Billion in 2020. Nickel (Ni) is a durable, lustrous, and silvery-white chemical element extracted from nickel sulfide and garnierite mines. It has high electro-magnetic and malleable properties that help in the production of non-ferrous alloys and stainless steel. Nickel and its derivatives are widely used in the disposal and water purification process as they offer water-resistance and require low maintenance. At present, they are widely being utilized across the globe on account of their high electrical and thermal conductivity.
Request for a PDF sample of this report: https://www.imarcgroup.com/nickel-market/requestsample
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Nickel Market Trends:
A significant increase in the utilization of corrosion-resistant alloys in the oil and gas industry represents one of the primary factors positively influencing the market. Apart from this, the escalating demand for high-density nickel-based batteries to replace rechargeable batteries and assist the power requirements of the growing population is strengthening the growth of the market. Nickel is also employed in solar panels and wind turbines for generating electricity. Furthermore, the rising demand for stainless steel products, including kitchen skins, saucepans, forks, and spoons, is contributing to the global market growth. Besides this, technological advancements in the production of nickel via green mining procedures and the boosting demand for electric vehicles are stimulating the market growth. Looking forward, IMARC Group expects the global nickel market to continue its steady growth during the forecast period (2021-2026).
Market Summary:
· Based on the product type, class II nickel holds the largest market share, followed by class I nickel.
· On the basis of the application, the market has been segregated into stainless and alloy steel, non-ferrous alloys and superalloys, electroplating, casting, batteries, and others. At present, stainless and alloy steel hold the largest market share.
· Based on the end use industry, the market has been divided into transportation and defense, fabricated metal products, electrical and electronics, chemical, petrochemical, construction, consumer durables, industrial machinery, and others. The transportation and defense sector accounts for the majority of the total market share.
· Region-wise, the market has been classified into the Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others); North America (the United States and Canada); Latin America (Brazil, Mexico, Argentina, Columbia, Chile, Peru, and others); and Middle East and Africa (the United Arab Emirates, Turkey, Saudi Arabia, Iran, and others). Amongst these, Asia Pacific enjoys the leading position in the market.
· The competitive landscape of the market has been examined, with some of the key players being Anglo American Plc, BHP Group Limited, Cunico Corporation, Eramet Group, Glencore Plc, IGO Limited, Jinchuan Group International Resources Co. Ltd., Norilsk Nickel, Pacific Metal Company, Queensland Nickel Group, Sherritt International Corporation, Sumitomo Corporation, Terraframe Ltd., Vale S.A. and Votorantim SA.
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/nickel-market
We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Related Reports by IMARC Group:
Thermal Interface Material: https://www.imarcgroup.com/thermal-interface-material-market
Biodiesel Market: https://www.imarcgroup.com/biodiesel-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
