Nickel Market Forecasted to Reach USD 47.2 Billion by 2031 | Glencore, Vale SA, Eramet SA, Sherritt International Corp.

The Nickel Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Nickel market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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Global Nickel Market reached US$ 33.6 billion in 2022 and is expected to reach US$ 47.2 billion by 2031, growing with a CAGR of 5.5% during the forecast period 2024-2031.

The nickel market focuses on the production, distribution, and consumption of nickel, a versatile metal widely used in industries such as stainless steel manufacturing, batteries (particularly for electric vehicles), and electronics. The market is driven by increasing demand for stainless steel, the growth of electric vehicle production, and the need for renewable energy storage solutions. Nickel's role in clean energy technologies and its rising demand in battery applications are key factors fueling market growth.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as Glencore, Vale SA, Eramet SA, Sherritt International Corp., Sumitomo Metal Mining Co., Anglo American, MMC Norilsk Nickel, Jinchuan Group Ltd., BHP Billiton Ltd and Pacific Metal Company.

Key Developments:

In August 2022, NMDC Ltd., a prominent Indian public sector company focused on metal exploration, announced its plans to expand its operations internationally in search of lithium, nickel, and cobalt deposits to meet India's growing demand. The state-owned iron ore company, which holds a 90.02% stake in Legacy Iron Ore Ltd. in Australia, aims to begin mining these critical minerals in the region.

In October 2021, Renault Group, the French multinational automotive manufacturer, signed a Memorandum of Understanding with Terrafame, a leading global producer of nickel and cobalt products. The agreement ensures a steady supply of nickel sulphate to Renault, with an annual capacity of up to 15 GWh, supporting the company's commitment to sustainable electric vehicle production.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Nickel market has been segmented

By Source: Pentlandite, Laterite.

By Mining Method: Underground, Surface.

By Class: Nickel Class I, Nickel Class II.

By Application: Stainless Steel, Alloys, Plating, Foundry, Batteries, Others.

By End-User: Metal Goods, Electric and Electronics, Engineering, Building & Construction, Transportation, Others.

Research Process

Both primary and secondary data sources have been used in the global Nickel Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Nickel Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Nickel market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Nickel Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Nickel market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Nickel Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Nickel market?

➠ Who are the global key manufacturers of the Nickel Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Nickel market opportunities and threats faced by the vendors in the global Nickel Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Nickel market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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