Global Nickel Market 2024-2028

Global Nickel Market 2024-2028

The nickel market is forecasted to grow by USD 16.55 bn during 2023-2028, accelerating at a CAGR of 4.06% during the forecast period. The report on the nickel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for nickel in stainless steel industry, growing adoption of electric vehicles, and increase in infrastructure development and urbanization in emerging economies.

Technavio's nickel market is segmented as below:

By Type

• Primary nickel
• Regenerative nickel

By Application

• Stainless steel
• Plating and casting
• Alloys
• Batteries
• Others

By Geography

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the increasing focus on recycling process of nickel as one of the prime reasons driving the nickel market growth during the next few years. Also, growing strategic expansion by vendors and expanding electroplating applications of nickel will lead to sizable demand in the market.

The report on the nickel market covers the following areas:

• Nickel market sizing
• Nickel market forecast
• Nickel market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading nickel market vendors that include Anglo American plc, BHP Group plc, Eramet, FPX Nickel, Glencore Plc, Global Ferronickel Holdings, Inc., Jinchuan Group International Resources Co. Ltd., Lundin Mining Corp., Lygend Resources and Technology Co., Ltd., Nickel Industries, Otto Chemie Pvt. Ltd., Pivotal Metals Ltd, PJSC MMC Norilsk Nickel, PT Indonesia Asahan Aluminum, PT. Trimegah Bangun Persada., Sherritt International Corp., Solway Investment Group, GmbH, SOUTH32, Sumitomo Metal Mining Co. Ltd., Vale SA, and Vedanta Ltd. Also, the nickel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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