Press release
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 "๐๐ข๐๐ค๐๐ฅ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐", 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.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐ ๐ ๐ซ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: 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.
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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.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
The competitive landscape of the industry has also been examined with some of the key players.
โข Anglo American plc
โข BHP
โข Cunico Corporation
โข Eramet
โข Glencore
โข Independence Group
โข Jinchuan Group International Resources Co. Ltd
โข Nornickel
โข Pacific Metal Company
โข Queensland Nickel
โข Sherritt International
โข Sumitomo Corporation
โข Terrafame Ltd.
โข Vale
โข Votorantim Group
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
The report has categorized the nickel market based on product type, application, end-use industry and region.
Breakup by Product Type:
โข Class I Products
โข Class II Products
Breakup by Application:
โข Stainless Steel and Alloy Steel
โข Non-ferrous Alloys and Superalloys
โข Electroplating
โข Casting
โข Batteries
โข Others
Breakup by End-Use Industry:
โข Transportation & Defense
โข Fabricated Metal Products
โข Electrical & Electronics
โข Chemical
โข Petrochemical
โข Construction
โข Consumer Durables
โข Industrial Machinery
โข Others
Breakup by Region:
โข North America (United States, Canada)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ & ๐๐ข๐ฌ๐ญ ๐จ๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ:
https://www.imarcgroup.com/nickel-market
Key Highlights of The Report:
โข Market Performance (2016-2021)
โข Market Outlook (2022-2027)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข 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
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Contact Person: Elena Anderson
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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.
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