2025 Nickel Industry Trends Report: Long-Term Outlook Through 2034

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Nickel Industry Market Size Be by 2025?
Over the previous years, the nickel market has witnessed robust growth. It is projected to expand from $39.09 billion in 2024 to $42.78 billion in 2025, rising at a compound annual growth rate (CAGR) of 9.4%. Factors contributing to the growth in the past include robust economic growth in emerging markets, heightened infrastructure development, increased industrialization, and a surge in demand for stainless steel.

What's the Long-Term Growth Forecast for the Nickel Market Size Through 2029?
The anticipated expansion of the nickel market will likely experience a robust increase over the upcoming years. The predictions indicate a rise to $60.69 billion by 2029, with a compound annual growth rate (CAGR) of 9.1%. Factors bolstering this growth during the forecast period include escalated urbanization, the surging need for electric vehicles, supportive governmental policies, and an escalating demand for nickel in car batteries. Key trends expected throughout this period are the emphasis on augmenting investments to establish new nickel processing facilities, the spotlight on launching new sustainable procurement models to encourage responsible and eco-friendly practices in nickel mining and processing, the emphasis on introducing novel nickel products, and a focus on strategic alliances and mergers and acquisitions to widen the product or services range and geographical coverage.

View the full report here:
https://www.thebusinessresearchcompany.com/report/nickel-global-market-report

What Are the Key Growth Drivers Fueling the Nickel Market Expansion?
The surge in the use of electric vehicles is anticipated to boost the expansion of the nickel market in the future. Electric vehicles (EVs), which are cars powered by one or more electric engines using electricity stored in rechargeable batteries, are on the increase. The escalation of electric vehicles acts as a major catalyst for the growing demand for nickel, especially with the advent of sophisticated lithium-ion batteries. For example, as per the France-based International Energy Agency in March 2023, the electric car market saw a rapid rise with sales eclipsing 10 million in 2022. Electric cars made up 14% of all new cars sold in 2022, indicating a significant surge from around 9% in 2021. As a result, the growing usage of electric vehicles is propelling the development of the nickel market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6829&type=smp

What Are the Key Trends Driving Nickel Market Growth?
Nickel market companies are concentrating their efforts on introducing innovative nickel-based products to bolster their market position. These newly developed products find their applications across different industry sectors. In a noteworthy development in August 2023, TPC Wire & Cable, a company from the United States that specializes in providing essential services in industrial automation, auto integrator, and original equipment manufacturers (OEM) with wire, cable, and accessory products, added new products to its Thermo-Trex Line of Wire & Cable. These include the Thermo-Trex 2000 Shielded Multi-Conductor, a multifunctional cable perfect for power and control functions in extreme temperature environments as it can withstand the conductor's heat up to 450°C / 850°F. Moreover, it offers flexible features, with intricately stranded conductors composed of nickel-plated copper, a shielding layer also composed of nickel-plated copper braid, and an external jacket made from specialty glass materials, treated with coatings to resist wear and tear. There is also the Thermo-Trex 2800 RTD Cable, specifically designed for high-temperature Resistance Temperature Detector (RTD) control and instrumentation applications, capable of withstanding conductor temperatures up to 530°C / 1000°F.

How Is the Nickel Market Segmented?
The nickel market covered in this report is segmented -

1) By Type: Pentlantide (Sulfide Ore), Laterite
2) By Mining Type: Underground Mining, Surface Mining

Subsegments:
1) By Pentlandite (Sulfide Ore): Concentrates, Intermediate Products
2) By Laterite: Ferronickel, Nickel Matte, Nickel Sulfate

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=6829&type=smp

Which Companies Are Leading the Charge in Nickel Market Innovation?
Major companies operating in the nickel market include Glencore, Vale, Sumitomo Metal Mining Co. Ltd, Erame, Norilsk Nickel Inc., BHP, Anglo American, Pacific Metal Company, Sherritt International Corporation, INDEPENDENCE GROUP NL, Tsingshan Holdings Group, Hindustan Copper Limited, Jinchuan Group International Resources Co. Ltd, Huayou Cobalt Co. Ltd, CNGR Advanced Material Co., Ltd, Rigqueza International Pte Ltd, Jindal Stainless Limited, Vedanta Resources Limited, Alliance Nickel Limited, Western Areas Limited, Jervois Mining, National Aluminum Company Limited, Nicomet Industries Limited, Deutsche Nickel GmbH, Solway Investment Group Limited, Société Le Nickel (SLN), Sumic Nickel Netherlands B.V, North American Nickel, Talon Metals, PolyMet Mining Corp, First Quantum Minerals Ltd, Royal Nickel Corporation, Turnagain Nickel, Lundin Mining Corporation, Wallbridge Mining Co. Ltd, Atlantic Nickel UK, Brazilian Nickel PLC, Mirabela Nickel Ltd, Mubadala Investment Company, Ma'aden, Siyanda Resources, African Rainbow Minerals, Africo Resources, Impala Platinum, Sibanye Stillwater

Which Regions Are Leading the Global Nickel Market in Revenue?
Western Europe was the largest region in the nickel market in 2024. The regions covered in the nickel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6829

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.