Nickel Market Size to Reach US$ 43.8 Billion by 2027, Exhibiting a Growth Rate (CAGR) of 5.57% | Forecast Report

According to IMARC Group's latest report, titled "𝐍𝐢𝐜𝐤𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕", the global nickel market size reached US$ 31.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 43.8 Billion by 2027, exhibiting a growth rate (CAGR) of 5.57% during 2022-2027.

Nickel, or Ni, represents a durable, lustrous, and silvery-white metal that is 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 generally require low maintenance and offer water resistance to the products. When mixed with copper, it is utilized in desalination plants for the conversion of seawater into freshwater.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/nickel-market/requestsample

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Nickel Market Trends:

The escalating demand for corrosion-resistant alloys in the oil and gas sector is among the key factors stimulating the nickel market. Moreover, the development of high-density nickel-based batteries to meet the power requirements of the expanding population is acting as another significant growth-inducing factor. Besides this, the widespread adoption of these batteries serving as a heat- and corrosion-resistant alternative for rechargeable batteries made by using lithium-ion is positively influencing the global market. Furthermore, the introduction of electric vehicles is also bolstering the market growth. Apart from this, the rising usage of nickel in wind turbines and solar panels for generating electricity is catalyzing the global market. Additionally, the escalating demand for stainless steel products, including spoons, forks, saucepans, and kitchen skins and the increasing utilization of nickel-based items in numerous marine, architectural, and construction applications are further fueling the global market. In line with this, the inflating technological advancements in production processes through using green mining procedures and incorporating the principles of hydrometallurgy are anticipated to fuel the nickel market over the forecasted period.

Buy This Report Now: https://www.imarcgroup.com/checkout?id=1843&method=1

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐰𝐢𝐭𝐡 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The competitive landscape of the industry has also been examined with some of the key players.

• 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

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has categorized the nickel market based on product type, application, end-use industry and region.

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:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬:
https://www.imarcgroup.com/nickel-market

Key Highlights of The Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

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:

https://www.marketwatch.com/press-release/carrageenan-market-global-share-statistics-and-forecast-2022-2027-2023-02-01
https://www.marketwatch.com/press-release/united-states-salmon-market-size-trends-growth-and-analysis-2022-2027-2023-02-01
https://www.marketwatch.com/press-release/north-america-biofertilizer-market-outlook-trends-analysis-and-forecast-2022-2027-2023-02-01
https://www.marketwatch.com/press-release/europe-acetic-acid-market-key-players-opportunity-and-forecast-2023-2028-2023-02-01
https://www.marketwatch.com/press-release/smart-pills-market-trends-size-analysis-and-forecast-2022-2027-2023-02-01

Media Contact:

Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com/

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.

This release was published on openPR.