Nickel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Nickel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global nickel market size reached US$ 33.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 46.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
Nickel, denoted by Ni, is a durable, lustrous and silvery-white metal 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 require low maintenance and offer water-resistance to the products. When mixed with copper, it is used in desalination plants for the conversion of seawater into freshwater.
The rising demand for corrosion-resistant alloys in the oil and gas industry is one of the key factors driving the growth of the market. Furthermore, the development of high-density nickel-based batteries to meet the power requirements of the growing population is also contributing to the market growth. These batteries serve as a heat- and corrosion-resistant alternative for rechargeable batteries made by using lithium-ion. The advent of electric vehicles is favoring the market growth further. Nickel is also used in wind turbines and solar panels for generating electricity. Furthermore, the rising demand for stainless steel products, including spoons, forks, saucepans, kitchen skins, is driving the product demand. Nickel-based products are also being used for various marine, architectural and construction applications. Other factors, such as technological advancements in the production of nickel through green mining procedures, while incorporating the principles of hydrometallurgy, are expected to drive the market in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global nickel market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, application and end-use industry.
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:
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
North America
United States
Canada
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Anglo American Plc, BHP Group Limited, Cunico Corporation, Eramet Group, Glencore Plc, IGO Limited, Jinchuan Group International Resources Co. Ltd., Norilsk Nickel, Pacific Metal Company, Queensland Nickel Group, Sherritt International Corporation, Sumitomo Corporation, Terraframe Ltd., Vale S.A. and Votorantim SA.
Key Questions Answered in This Report
1. What was the size of the global nickel market in 2022?
2. What is the expected growth rate of the global nickel market during 2023-2028?
3. What are the key factors driving the global nickel market?
4. What has been the impact of COVID-19 on the global nickel market?
5. What is the breakup of the global nickel market based on the product type?
6. What is the breakup of the global nickel market based on the application?
7. What is the breakup of the global nickel market based on the end-use industry?
8. What are the key regions in the global nickel market?
9. Who are the key players/companies in the global nickel market?
Table of Contents
138 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1Objectives of the Study
- 2.2Stakeholders
- 2.3Data Sources
- 2.3.1Primary Sources
- 2.3.2Secondary Sources
- 2.4Market Estimation
- 2.4.1Bottom-Up Approach
- 2.4.2Top-Down Approach
- 2.5Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1Overview
- 4.2Key Industry Trends
- 5 Global Nickel Market
- 5.1Market Overview
- 5.2Market Performance
- 5.3Impact of COVID-19
- 5.4Market Forecast
- 6 Market Breakup by Product Type
- 6.1Class I Products
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2Class II Products
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Application
- 7.1Stainless Steel and Alloy Steel
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2Non-ferrous Alloys and Superalloys
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3Electroplating
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4Casting
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5Batteries
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 8 Market Breakup by End-Use Industry
- 8.1Transportation & Defense
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2Fabricated Metal Products
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3Electrical & Electronics
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4Chemical
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5Petrochemical
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6Construction
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7Consumer Durables
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
- 8.8Industrial Machinery
- 8.8.1 Market Trends
- 8.8.2 Market Forecast
- 8.9Others
- 8.9.1 Market Trends
- 8.9.2 Market Forecast
- 9 Market Breakup by Region
- 9.1Asia Pacific
- 9.1.1 China
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Japan
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.3 India
- 9.1.3.1 Market Trends
- 9.1.3.2 Market Forecast
- 9.1.4 South Korea
- 9.1.4.1 Market Trends
- 9.1.4.2 Market Forecast
- 9.1.5 Australia
- 9.1.5.1 Market Trends
- 9.1.5.2 Market Forecast
- 9.1.6 Indonesia
- 9.1.6.1 Market Trends
- 9.1.6.2 Market Forecast
- 9.1.7 Others
- 9.1.7.1 Market Trends
- 9.1.7.2 Market Forecast
- 9.2Europe
- 9.2.1 Germany
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 France
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 United Kingdom
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 Italy
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Spain
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Russia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3North America
- 9.3.1 United States
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 Canada
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.4Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Argentina
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.4 Colombia
- 9.4.4.1 Market Trends
- 9.4.4.2 Market Forecast
- 9.4.5 Chile
- 9.4.5.1 Market Trends
- 9.4.5.2 Market Forecast
- 9.4.6 Peru
- 9.4.6.1 Market Trends
- 9.4.6.2 Market Forecast
- 9.4.7 Others
- 9.4.7.1 Market Trends
- 9.4.7.2 Market Forecast
- 9.5Middle East and Africa
- 9.5.1 Turkey
- 9.5.1.1 Market Trends
- 9.5.1.2 Market Forecast
- 9.5.2 Saudi Arabia
- 9.5.2.1 Market Trends
- 9.5.2.2 Market Forecast
- 9.5.3 Iran
- 9.5.3.1 Market Trends
- 9.5.3.2 Market Forecast
- 9.5.4 United Arab Emirates
- 9.5.4.1 Market Trends
- 9.5.4.2 Market Forecast
- 9.5.5 Others
- 9.5.5.1 Market Trends
- 9.5.5.2 Market Forecast
- 10 SWOT Analysis
- 10.1Overview
- 10.2Strengths
- 10.3Weaknesses
- 10.4Opportunities
- 10.5Threats
- 11 Value Chain Analysis
- 11.1Overview
- 11.2Mining and Milling Companies
- 11.3Metal Manufacturers
- 11.4Alloy Manufacturers
- 11.5Distribution and Export
- 11.6End-Use Industries
- 11.7Recycling Companies
- 12 Porters Five Forces Analysis
- 12.1Overview
- 12.2Bargaining Power of Buyers
- 12.3Bargaining Power of Suppliers
- 12.4Degree of Competition
- 12.5Threat of New Entrants
- 12.6Threat of Substitutes
- 13 Competitive Landscape
- 13.1Market Structure
- 13.2Key Players
- 13.3Profiles of Key Players
- 13.3.1Anglo American Plc
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2BHP Group Limited
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Cunico Corporation
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4Eramet Group
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5Glencore Plc
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6IGO Limited
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financial
- 13.3.7Jinchuan Group International Resources Co. Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8Norilsk Nickel
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9Pacific Metal Company
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10Queensland Nickel Group
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11Sherritt International Corporation
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 Financials
- 13.3.11.4 SWOT Analysis
- 13.3.12Sumitomo Corporation
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 Financials
- 13.3.12.4 SWOT Analysis
- 13.3.13Terraframe Ltd.
- 13.3.13.1 Company Overview
- 13.3.13.2 Product Portfolio
- 13.3.14Vale S.A.
- 13.3.14.1 Company Overview
- 13.3.14.2 Product Portfolio
- 13.3.14.3 Financials
- 13.3.14.4 SWOT Analysis
- 13.3.15Votorantim SA
- 13.3.15.1 Company Overview
- 13.3.15.2 Product Portfolio
Pricing
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