Global Primary Nickel Market 2018-2022| Increasing Production of Steel to Boost Growth| Technavio

Technavio has published a new market research report on the global primary nickel market from 2018-2022. (Graphic: Business Wire)

LONDON--()--Technavio analysts forecast the global primary nickel market to post a CAGR of more than 2% during the forecast period, according to their latest market research report.

Nickel recycling is one of the major trends being witnessed in the global primary nickel market 2018-2022. Nickel is a high-value, non-ferrous metal like copper, aluminum, and zinc. Due to its high value as a commodity, efforts focused on efficient recovery and recycling of the metal are in place. The extensive use of the metal in stainless steel and nickel alloys increases the recyclability factor of nickel. The enhanced durability of nickel-based materials implies that such materials can be successfully converted into high-quality alternatives. The recycling of nickel is a prospective solution to meet the growing demand for the metal in various end-user segments.

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According to Technavio analysts, one of the key factors contributing to the growth of the global primary nickel market is the increasing production of stainless steel:

Global primary nickel market: Increasing production of stainless steel

The increasing production of stainless steel is expected to drive the growth of the global primary nickel market. The factors contributing to the increased production of stainless steel include the use of stainless steel bars in the construction sector, escalating rate of industrialization, and rising focus on R&D. Increased investments in the building and infrastructure segment, growing demand for automobiles, high recyclability of stainless steel, and increasing popularity of food-grade stainless steel contribute to the increased demand for primary nickel.

According to a senior analyst at Technavio for research on specialty chemicals, “Nickel imparts strength, temperature resistance, and corrosion-resistance to stainless steel. Therefore, the significant demand for stainless steel is likely to positively impact the growth of the primary nickel market during the forecast period.”

Global primary nickel market: Market segmentation and analysis

This global primary nickel market research report provides market segmentation by end-user (engineering; transport; metal goods; tubular products; electrical and electronics; architecture, building, and construction; and others), by application (stainless steel and non-stainless), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

APAC held the largest share of the market in 2017, accounting for over 75%, followed by EMEA and the Americas respectively. However, the market share of APAC projected to witness a small decline while the other two regions will see a small increase in their market shares over the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

Technavio analysts forecast the global primary nickel market to post a CAGR of more than 2% during the forecast period, according to Technavio.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200