Global Nickel Market - Segmented by Application and Geography - Trends and Forecasts (2017 - 2022)
The market is expected to account for USD XX million in 2017 and projected to reach USD XX million by 2022, registering a CAGR of XX%, during 2017-2022 (the forecast period).
Nickel is a silver-white lustrous metal with a slight golden tinge. The element is hard and ductile, and commonly found in iron meteorites as the alloys kamacite and taenite. The element is acquired through extractive metallurgy and is separated from its ore by conventional roasting and reduction processes, which yield a metal of greater purity. 75% of the pure nickel can be used without any purification in stainless steel applications. New Caledonia and Australia have the highest estimated reserves. The Philippines, Indonesia and Australia are expected to remain the largest producers of nickel worldwide, with a market share of XX%, YY%, and ZZ%, respectively.
Increase in the Chinese stainless steel industry and growth in the battery market of China, Korea, and Japan are expected to further grow the demand for nickel. Infrastructural development in China and India is also anticipated to boost the market. On the other hand, high investments and environmental considerations during mining activities are restraining the market growth.
The market has been segmented on the basis of application and region. Based on application, the market has been segmented into nickel steel, electroplating, nonferrous alloys and super alloys, and others (nickel, brasses, and bronzes). In 2017, the nickel steel sector with a share of XX% is expected to dominate the market. Geographically, the market has been segmented into North America, South America, Middle East & Africa, Europe, and Asia-Pacific. In 2017, Asia-Pacific with a share of XX% is expected to dominate the market.
Opportunities and Major Players
The United States is anticipated to witness a major opportunity of demand growth for nickel, due to the upcoming developments in automotive and aerospace industries. The increasing consumption level of nickel in China is also expected to boost the market. With the onset of electronic vehicles, a heavy demand for nickel is expected, which will further accelerate the market growth.
Major Players in the Global Market Include:
BHP Billiton Ltd.
Key Deliverables in the Study
Market analysis, with country-specific assessments and competition analysis on the global scale.
Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies, along with their market share.
Identification and analysis of the macro and micro factors that affect the nickel market on the global level.
A comprehensive list of key market players, along with the analysis of their current strategic interests and key financial information.