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Global Nickel Market 2015-2019

Global Nickel Market 2015-2019

Market overview of the global nickel market

Technavios market research analyst predicts the global nickel market to grow at a CAGR of around 5% during the forecast period. The high demand for nickel in the transportation sector is driving the growth of this market. Nickel is used in the development of urban transportation such as sky buses, monorails, metro rail, and buses.

The discovery of newer substitutes that can replace nickel in a variety of applications is expected to deter the growth of the market. For instance, elements such as chromium are being used in the manufacture of stainless steel. Nickel is being substituted with titanium alloys to limit corrosion in piping that is used for the power and petroleum industries. These alternatives are anticipated to decrease the sales of nickel and limit the market growth during the forecast period.

Segmentation by application and analysis of the nickel market

Stainless steels and alloy steel
Non-ferrous alloys and super alloys
Electroplating
Nickel is used in the manufacturing of stainless steel and alloy steel. This segment accounted for 45% of the market share during 2014 and is anticipated to grow at a rate of 5% during the forecast period. Nickel is used in most grades of stainless steel due to the strength that is imparted to the steel, which can then be used in construction. Nickel can also handle cryogenic and elevated temperatures.

Segmentation by end user and analysis of the nickel market

Transportation and defense
Fabricated metal products
Electrical equipment
Chemical industry
Petroleum industries
Construction sector
Household appliances
Industrial machinery
The transportation and defense sector is the largest consumer of nickel and had a market share of around 39% during 2014. The usage of nickel in this sector is expected to grow at a rate of 5% during the forecast period. Nickel is used in many cars, buses, and trucks in the form of stainless steel. Large tankers of stainless steel and iron-nickel alloys are used to minimize fuel consumption, reduce carbon emissions, and reduce cargo losses.

Geographical segmentation and analysis of the global nickel market

Americas
Asia
Europe
ROW
Asia is the largest consumer of nickel and accounted for 69% of the market shares during 2014. The rapid industrialization and development occurring in this region, especially in China and India, is driving the demand for industrial machinery where nickel is used.

Competitive landscape and key vendors

The global nickel market has an oligopolistic market structure. The market is dominated by a few leading companies who have acquired mines and cater to the global demand. Most of the nickel mines are located in Canada, Russia, Indonesia, the Philippines, Burma, and Western Australia.

The leading vendors in the market are

BHP Billiton
Glencore
Norilsk Nickel
PT Antam
Vale
Other prominent vendors in the market include Eramet, JFE Mineral, Lundin Mining, Sherritt, and South 32.

Key questions answered in the report include

What will the market size and the growth rate be in 2019
What are the key factors driving the global nickel market
What are the key market trends impacting the growth of the nickel market
What are the challenges to market growth
Who are the key vendors in this market space
What are the market opportunities and threats faced by the vendors in the global nickel market
Trending factors influencing the market shares of the Americas, Asia, Europe, and ROW
What are the key outcomes of the five forces analysis of the nickel market
Technavio also offers customization on reports based on specific client requirement.

Related reports:

Global Mercury Market 2015-2019
Global Ferric Chloride Market 2015-2019
Global Li-ion Battery Market for ESS 2015-2019
Global Permanent Magnet Motors Market 2015-2019
Li-ion Battery Market for Energy Storage Systems in the US 2015-2019


Press Release

Technavio Announces the Publication of its Research Report Global Nickel Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Nickel Market: BHP Billiton, Glencore, Norilsk Nickel, PT Antam and Vale
Other Prominent Vendors in the market are: Eramet, JFE Mineral, Lundin Mining, Sherritt, and South 32.
Commenting on the report, an analyst from Technavios team said: The demand for nickel and the subsequent shutting down of mines across the world has led to the quest for exploration and the development of newer nickel projects in countries where the ban on nickel mining has not been enforced in order to bridge the demand supply gap. Discovery of newer mines is happening across leading nickel producing nations such as the Philippines, Indonesia, Burma, and many other Asian countries through funding from big companies that have nickel mining as an important part of their business portfolio.
According to the report, Electricity is an invaluable resource and its demand keeps increasing on a daily basis. The demand for electricity is attributed to the growth of the population and industrial and infrastructural development. To meet this ever increasing demand for electricity, more and more power generating plants have to be built across the globe. Irrespective of the type of resource used (fossil fuels, renewable sources, or nuclear energy), a large quantity of nickel-based stainless steel and superalloys will have to be developed and fabricated. This will increase the usage of nickel and thereby increase the sales of nickel.
Further, the report states that the battery industry is using lithium ion instead of nickel metal hydride in order to substitute the use of nickel. These substitutes will decrease the sales of nickel and thereby limit the growth of this market.

Companies Mentioned

BHP Billiton, Glencore, Norilsk Nickel, PT Antam, Vale, Eramet, JFE Mineral, Lundin Mining, Sherritt, South 32.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor business areas
      • Table Business areas
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Market overview
      • Table Segmentation of the global nickel market
      • Table Application based segmentation of the global nickel market
      • Table End-user based segmentation of the global nickel market
    • Market size and forecast
      • Table Global nickel market 2014-2019 (million metric tons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Global nickel market by application 2014-2019
      • Table Market share of nickel by application in 2014
      • Table Market share of nickel by application in 2019
    • Nickel market for stainless and alloy steels
      • Table Nickel market for stainless and alloy steels 2014-2019 (million metric tons)
      • Table Global stainless steel production trend 2014-2019 (million metric tons)
    • Nickel market for non-ferrous alloys and superalloys
      • Table Nickel market for non-ferrous alloys and superalloys 2014-2019 (million metric tons)
    • Nickel market for electroplating applications
      • Table Nickel market for electroplating applications 2014-2019 (million metric tons)
    • Nickel market for other applications
      • Table Nickel market for other applications 2014-2019 (million metric tons)
  • Market segmentation by end-user
    • Market overview
      • Table End-user based segmentation of global nickel market 2014-2019 (million metric tons)
      • Table Market share of nickel in various end-usage segments in 2014
      • Table Market share of nickel in various end-usage segments in 2019
    • Nickel usage in transportation and defense
      • Table Nickel usage in transportation and defense 2014-2019 (million metric tons)
      • Table Growth in automobile shipments 2013-2019 (million units)
    • Nickel usage in fabrication of metal products
      • Table Nickel usage in fabrication of metal products 2014-2019 (million metric tons)
    • Nickel usage in electrical and electronic equipment
      • Table Nickel usage in electrical and electronic equipment 2014-2019 (million metric tons)
    • Nickel usage in chemical industry
      • Table Nickel usage in chemical industry 2014-2019(million metric tons)
    • Nickel usage in petroleum industry
      • Table Nickel usage in petroleum industry 2014-2019 (million metric tons)
    • Nickel usage in construction industry
      • Table Nickel usage in construction industry 2014-2019 (million metric tons)
    • Nickel usage in household appliances
      • Table Nickel usage in household appliances 2014-2019 (million metric tons)
    • Nickel usage in industrial machinery
      • Table Nickel usage in industrial machinery 2014-2019 (million metric tons)
    • Other end-uses of nickel
      • Table Usage of nickel in other sectors 2014-2019 (million metric tons)
  • Geographical segmentation
    • Market overview
      • Table Geographical usage of nickel 2014-2019 (million metric tons)
      • Table Market share of nickel usage in various geographies in 2014
      • Table Market share of nickel usage in various geographies in 2019
    • Nickel market in Asia
      • Table Nickel market in Asia 2014-2019 (million metric tons)
    • Nickel market in Europe
      • Table Nickel market in Europe 2014-2019 (million metric tons)
    • Nickel market in Americas
      • Table Nickel market in Americas 2014-2019 (million metric tons)
    • Nickel market in ROW
      • Table Nickel market in ROW 2014-2019 (million metric tons)
  • Key leading countries
    • Table Key leading countries
    • Table Estimated global shares in nickel production in 2014
    • Philippines
    • Russia
    • Indonesia
    • Canada
  • Market drivers
    • Growth drivers impacting global nickel market
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Challenges faced by global nickel market
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Trends likely to impact global nickel market
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • BHP Billiton
      • Table BHP Billiton: Business segmentation by revenue 2015
      • Table BHP Billiton: Business segmentation by revenue 2014 and 2015 ($ billions)
    • Glencore
      • Table Glencore: Business segmentation by revenue 2014
      • Table Glencore: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Glencore: Geographical segmentation by revenue 2014
    • Norilsk Nickel
      • Table Norilsk Nickel: Business segmentation by revenue 2014
      • Table Norilsk Nickel: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Norilsk Nickel: Products by revenue 2014
      • Table Norilsk Nickel: Geographical segmentation by revenue 2014
    • PT Antam
      • Table PT Antam: Business segmentation by revenue 2014
      • Table PT Antam: Business segmentation by revenue 2013 and 2014 ($ millions)
    • Vale
      • Table Vale: Business segmentation by revenue 2014
      • Table Vale: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Vale: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviation
  • Explore Technavio

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