DUBLIN--(BUSINESS WIRE)--The "Global
Nickel Market - Segmented by Application and Geography - Growth, Trends,
and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's
The market for nickel is expected to register significant growth during the forecast period, 2018 to 2023.
Nickel is used as the cathode material for lithium-ion batteries and used in increasingly large quantities. The demand for nickel base metal in the battery industry is further backed by the rapid volume growth of the electric vehicle market. It is also driven by the increased intensity of the use of nickel to improve the energy density of batteries and extend driving range.
As of 2017, stainless steel production accounted for more than 60% of the total primary nickel demand. This ratio has increased in recent years due to rising Chinese stainless steel production, which uses a high proportion of primary nickel units. As a result, Chinese stainless steel mills consume more than half of the primary nickel. Other major stainless steel producing regions are smaller than China and fulfil a greater share of their nickel requirements from stainless steel scrap than from primary sources.
The Asia-Pacific region is the largest regional market for nickel. The major nickel ore concentrations in Philippines, New Caledonia, Australia, Indonesia, and China are instrumental to making the region the largest producer of nickel. The increasing consumption level of nickel in China is also expected to boost the market in the region as it alone accounts for the highest share of the world's nickel demand.
- Anglo American
- Independence Group NL
- Jinchuan Group International Resources Co. Ltd
- Norilsk Nickel
- Pacific Metal Company
- Queensland Nickel
- Sherritt International Corporation
- Sumitomo Metal Mining Co. Ltd.
- Terrafame Ltd
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/vrcn48/global_nickel?w=4