Nickel Market Report 2021 - Global Industry Trends, Share, Size, Growth, Opportunity and Forecasts, 2015-2020 & 2021-2026 - ResearchAndMarkets.com

DUBLIN--()--The "Nickel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global nickel market reached a volume of 2.5 Million Tons in 2020. Looking forward, the market to grow at a CAGR of around 5% during 2021-2026.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Nickel, denoted by Ni, is a durable, lustrous and silvery-white metal extracted from nickel sulfide and garnierite mines. It has high electro-magnetic and malleable properties, which aid in casting iron products and manufacturing stainless steel and non-ferrous alloys.

Nickel and its derivatives are commonly used in water purification and disposal applications as they require low maintenance and offer water-resistance to the products. When mixed with copper, it is used in desalination plants for the conversion of seawater into freshwater.

The rising demand for corrosion-resistant alloys in the oil and gas industry is one of the key factors driving the growth of the market. Furthermore, the development of high-density nickel-based batteries to meet the power requirements of the growing population is also contributing to the market growth.

These batteries serve as a heat- and corrosion-resistant alternative for rechargeable batteries made by using lithium-ion. The advent of electric vehicles is favoring the market growth further. Nickel is also used in wind turbines and solar panels for generating electricity.

Furthermore, the rising demand for stainless steel products, including spoons, forks, saucepans, kitchen skins, is driving the product demand. Nickel-based products are also being used for various marine, architectural and construction applications.

Other factors, such as technological advancements in the production of nickel through green mining procedures, while incorporating the principles of hydrometallurgy, are expected to drive the market in the upcoming years.

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being

  • Anglo American plc
  • BHP
  • Cunico Corporation
  • Eramet
  • Glencore
  • Independence Group
  • Jinchuan Group International Resources Co. Ltd
  • Nornickel
  • Pacific Metal Company
  • Queensland Nickel
  • Sherritt International
  • Sumitomo Corporation
  • Terrafame Ltd.
  • Vale
  • Votorantim Group

Key Market Segmentation:

Breakup by Product Type:

  • Class I Products
  • Class II Products

Breakup by Application:

  • Stainless Steel and Alloy Steel
  • Non-ferrous Alloys and Superalloys
  • Electroplating
  • Casting
  • Batteries
  • Others

Breakup by End-Use Industry:

  • Transportation & Defense
  • Fabricated Metal Products
  • Electrical & Electronics
  • Chemical
  • Petrochemical
  • Construction
  • Consumer Durables
  • Industrial Machinery
  • Others

Breakup by Region:

  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • North America
  • United States
  • Canada
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
  • Chile
  • Peru
  • Middle East and Africa
  • Turkey
  • Saudi Arabia
  • Iran
  • United Arab Emirates
  • Others

For more information about this report visit https://www.researchandmarkets.com/r/gkefir

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900