A recent report published by Infinium Global Research on the nickel
market provides in-depth analysis of segments and sub-segments in the global as
well as regional nickel market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional nickel
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global nickel market.
According to the report, the global nickel market is projected to grow at a
CAGR of 5.00% over the forecast period of 2019-2025.
In recent decades, nickel has attracted significant attention in
EV batteries in electric cars. Global nickel demand is estimated at around 2.7
million tons in 2019. Of that, about two-thirds is intended for stainless steel
mills, mostly in China. Data from the International Nickel Study Group shows
the nickel market deficit at 46,000 tons in 2016, 115,000 tons in 2017 and
127,000 tons last year. The bigger players started acquiring niche nickel
companies in a bid to quickly establish their presence in the sector. Nickel is
generally sold for use as a refined metal (powder, briquet, cathode, etc.) or ferronickel.
Around 64% of nickel goes in the Western World which is used to the
manufacturing of stainless steel and another 12% consume in the nonferrous
alloys or superalloys. The aerospace industry is the largest consumer of
nickel-base superalloys. Discs, turbine blades and many other parts of jet
engines and other aircraft are fabricated by superalloys.
The nickel market is driven by the rising growth of nickel-based
aerospace industry and the growing hybrid vehicle market is also influencing the
nickel market. Moreover, increasing China's steel industry is also expected to
drive the nickel market. However, the slowdown in the stainless steel market is
anticipated to impede the growth of the global nickel market. Nonetheless, the
rising use of production of electric cars in China and other region is
estimated to create a new opportunity for the global nickel market.
On the basis of region, the global nickel market is bifurcated into
North America, Europe, Asia-Pacific, the Middle East, and Africa, and Latin
America. The Asia-Pacific dominates the global nickel market over the forecast
period. The growth of this region is attributed owing to rapid demand from
China for stainless steel as well as EV battery production. Asia-Pacific region
is anticipated to grow at the highest CAGR during the forecast period owing to
the rising demand for stainless steel. China is a major consumer for the global
nickel market. The steel production has enlarged rapidly in China in recent
years, the demand for consumption of nickel is also rising at a substantially
there. This demand cannot be met from chinese nickel deposits, as a result of
which China is one of the largest importers of nickel. China is expected to
remain the dominating producer at over 60% of stainless steel production,
environmental, cost pressures and cheaper imports were likely to restrain its
future growth. This is benefitting Indonesia, particularly which is becoming
the “new force” in the Asia-Pacific in the stainless steel market and would
emerge over 2018 as the region’s largest stainless steel exporter.
The report on global nickel market covers segments such as type,
and application. On the basis of type, the sub-markets include nickeliferous
limonite smelting, and garnierite smelting. On the basis of application, the
sub-markets include stainless steel, alloys, plating, casting, batteries, and
The report provides profiles of the companies in the market such
as Norilsk Nickel, Vale, BHP Billiton, Glencore Xstrata, Jinchuan Group, Anglo
American, Cunico Corp., Eramet, Pacific Metal Company, and Sherritt
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of nickel market.
Moreover, the study highlights current market trends and provides forecast from
2019-2025. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.