openPR Logo
Press release

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

04-14-2023 07:13 AM CET | Industry, Real Estate & Construction

Press release from: IMARC Group

Nickel Market

Nickel Market

According to IMARC Group's latest report, titled "๐๐ข๐œ๐ค๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ฅ๐จ๐›๐š๐ฅ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ, ๐’๐ก๐š๐ซ๐ž, ๐’๐ข๐ณ๐ž, ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ•", 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.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐š ๐…๐ซ๐ž๐ž ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: 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.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž ๐ฐ๐ข๐ญ๐ก ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

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

โ€ข Anglo American plc
โ€ข BHP
โ€ข Cunico Corporation
โ€ข Eramet
โ€ข Glencore
โ€ข Independence Group
โ€ข Jinchuan Group International Resources Co. Ltd
โ€ข Nornickel
โ€ข Pacific Metal Company
โ€ข Queensland Nickel
โ€ข Sherritt International
โ€ข Sumitomo Corporation
โ€ข Terrafame Ltd.
โ€ข Vale
โ€ข Votorantim Group

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

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

Breakup by Product Type:
โ€ข Class I Products
โ€ข Class II Products

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

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

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

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐“๐Ž๐‚ & ๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ:
https://www.imarcgroup.com/nickel-market

Key Highlights of The Report:

โ€ข Market Performance (2016-2021)
โ€ข Market Outlook (2022-2027)
โ€ข Market Trends
โ€ข Market Drivers and Success Factors
โ€ข Impact of COVID-19
โ€ข Value Chain Analysis
โ€ข 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.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Nickel Market Size to Reach US$ 43.8 Billion by 2027, Exhibiting a Growth Rate (CAGR) of 5.57% | Forecast Report here

News-ID: 3012960 • Views: โ€ฆ

More Releases from IMARC Group

Hexene Production Plant Setup Cost in 2026: Equipment, Raw Materials, and Investment Overview
Hexene Production Plant Setup Cost in 2026: Equipment, Raw Materials, and Invest โ€ฆ
IMARC's new report titled "Hexene Production Cost Analysis Report 2026: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue," provides a complete roadmap for setting up a Hexene production plant. The study covers all the requisite aspects one needs to know while entering the Hexene industry. It offers a comprehensive breakdown of the Hexene production plant setup cost, providing detailed insights into initial capital requirements and infrastructureโ€ฆ
Mexico In-Vitro Diagnostics Market Size, Share, Industry Trends, Growth Factors and Forecast 2025-2033
Mexico In-Vitro Diagnostics Market Size, Share, Industry Trends, Growth Factors โ€ฆ
IMARC Group has recently released a new research study titled "Mexico In-Vitro Diagnostics Market Report by Test Type (Clinical Chemistry, Molecular Diagnostics, Immunodiagnostics, Hematology, and Others), Product (Reagents and Kits, Instruments), Usability (Disposable IVD Devices, Reusable IVD Devices), Application (Infectious Disease, Diabetes, Cancer/Oncology, Cardiology, Autoimmune Disease, Nephrology, and Others), End User (Hospitals Laboratories, Clinical Laboratories, Point-of-care Testing Centers, Academic Institutes, Patients, and Others), and Region 2025-2033", offers a detailed analysisโ€ฆ
Bamboo Paper Plant Setup 2025: CAPEX Breakdown & Machinery Sourcing Guide
Bamboo Paper Plant Setup 2025: CAPEX Breakdown & Machinery Sourcing Guide
Bamboo paper is an eco-friendly paper product manufactured using bamboo pulp instead of traditional wood pulp. Bamboo grows rapidly, requires minimal water and chemicals, and regenerates naturally, making it a highly sustainable raw material for the paper industry. Bamboo paper is widely used in printing and writing paper, tissue paper, packaging materials, notebooks, and specialty paper products, offering good strength, smooth texture, and reduced environmental impact compared to conventional paper. Settingโ€ฆ
Interlocking Paver Blocks Manufacturing Plant Report 2025: Setup Details, Capital Investments and Expenses
Interlocking Paver Blocks Manufacturing Plant Report 2025: Setup Details, Capita โ€ฆ
Interlocking paver blocks are precast concrete paving units designed to interlock with each other, forming a durable and flexible pavement surface. Manufactured using cement, aggregates, sand, and pigments, these blocks are widely used in driveways, walkways, parking areas, industrial floors, roads, and landscaping projects. Their high load-bearing capacity, aesthetic appeal, easy maintenance, and long service life make interlocking paver blocks a preferred alternative to conventional asphalt and concrete pavements. Setting upโ€ฆ

All 5 Releases


More Releases for Nickel

Recycled Nickel Market Is Going to Boom |โ€ข Norilsk Nickel โ€ข BHP
Worldwide Market Reports has added a new research study on "Recycled Nickel Market" is projected to experience substantial growth in the coming years. This report provides a comprehensive analysis of the market landscape using an integrated approach that includes research methodology, market size evaluation, data compilation, and insights gathered from multiple credible sources. The study covers critical market elements such as market dynamics, drivers, restraints, challenges, threats, growth opportunities, development trends,โ€ฆ
Nickel Prices 2025: US-China Trade Tensions Fuel Nickel Price Volatility
North America Nickel Prices Movement Q1 2025: Nickel Prices in United States: In the first quarter of 2025, nickel prices in the USA peaked at 20,900 USD/MT in March. This rise was supported by robust demand from the electric vehicle and stainless steel industries. Additionally, limited mining output and rising energy costs contributed to the increase. Currency fluctuations and geopolitical tensions also played a role in shaping the country's nickel pricing trends. Getโ€ฆ
[ US Nickel Update] Nickel Market Size, Outlook & Outlook [2023-2028] | Nickel: โ€ฆ
Fortune Business Insightsโ„ข has recently released an in-depth analysis of global Nickel Market growth. The report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries Short Description About Nickel Market: The Global Nickel Market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. In 2022, the market isโ€ฆ
Nickel Hydroxide Market Forecast 2017 - 2025 | Norilsk Nickel, Nippy Chemicals, โ€ฆ
Global Nickel Hydroxide Market: Snapshot Nickel hydroxide, an inorganic compound that produces toxic substances upon heating, is commonly used in rechargeable battery electrodes. Denoted by Ni(OH)2, it is highly useful for its insoluble chemical properties as well as strong redox attributes. Theophrastite, which is a mineral form of nickel hydroxide, was originally discovered back in 1980 in northern Greece. Nickel hydroxide dissolves with a very few chemicals such as amines andโ€ฆ
Global Nickel-Chromium-Cobalt Alloy Market 2019 - Nanoshel, Nickel Chromium Allo โ€ฆ
Nickel-Chromium-Cobalt Alloy is a class of elastic alloys used to make elastic components such as elastic sensitive components, energy storage components and frequency components in precision instrumentation. Get Free Sample Copy of Report Here: https://bit.ly/2sDTmnW Scope of the Report: In addition to good elastic properties, the elastic alloy also has properties such as non-magnetic, microplastic deformation resistance, high hardness, low electrical resistivity, low modulus of elasticity modulus and low internal friction. The worldwide marketโ€ฆ
Nickel Hydroxide Market key players Sigma-Aldrich Co. LLC., Norilsk Nickel, ALT โ€ฆ
Nickel Hydroxide, generally used in rechargeable battery electrodes, by oxidation to nickel(III) oxide-hydroxide. Nickel hydroxide is denoted by Ni(OH)2 and is an insoluble chemical compound having strong redox properties. The mineral form of nickel hydroxide, also known as theophrastite, was first discovered in northern Greece in 1980. Nickel Hydroxide is a translucent emerald-green crystal, formed naturally in thin sheet form near the boundaries of chlorite and idocrase crystals. Nickel hydroxide hasโ€ฆ