DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/s8vbfj/global_nickel) has announced the addition of the "Global Nickel Market 2015-2019" report to their offering.
The report 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
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.
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.
- BHP Billiton
- Norilsk Nickel
- PT Antam
- JFE Mineral
- Lundin Mining
- South 32
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market segmentation by application
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/s8vbfj/global_nickel