Refined Nickel Trends and Forecast
The future of the global refined nickel market looks promising with opportunities in the metallurgy, industrial machinery, electronic, automotive and transportation, and building & construction markets. The global refined nickel market is expected to grow with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are rising demand for nickel in stainless steel alloys and cumulating preference for nickel based batteries.Refined Nickel by Segment
The study includes a forecast for the global refined nickel by application, end use, and region.Refined Nickel Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Stainless Steel
- Nonferrous Alloy
- Plating
- Alloy Steel & Casting
- Battery
- Others
Refined Nickel Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Metallurgy
- Industrial Machinery
- Electronics
- Automotive and Transportation
- Building & Construction
- Others
Refined Nickel Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Refined Nickel Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies refined nickel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the refined nickel companies profiled in this report include:- Norilsk Nickel
- Vale
- BHP
- Jinchuan
- Sumitomo Metal Mining
- Anglo American
- Ambatovy
- Sherritt International
- Minara Resources
- Glencore
Refined Nickel Market Insights
The publisher forecasts that stainless steel is expected to witness the highest growth over the forecast period due to its reliance on nickel for corrosion resistance and strength.Within this market, industrial machinery is expected to witness the highest growth over the forecast period.
APAC is expected to witness highest growth over the forecast period due to rapid industrialization, growing preference for e-vehicles, and existence of major stainless steel producer in the region.
Features of the Global Refined Nickel Market
- Market Size Estimates: Refined nickel market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Refined nickel market size by application, end use, and region in terms of value ($B).
- Regional Analysis: Refined nickel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different applications, end uses, and regions for the refined nickel market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the refined nickel market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for refined nickel market?Answer: The global refined nickel market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the refined nickel market?
Answer: The major drivers for this market are rising demand for nickel in stainless steel alloys and cumulating preference for nickel based batteries.
Q3. What are the major segments for refined nickel market?
Answer: The future of the refined nickel market looks promising with opportunities in the metallurgy, industrial machinery, electronic, automotive and transportation, and building & construction markets.
Q4. Who are the key refined nickel market companies?
Answer: Some of the key refined nickel companies are as follows:
- Norilsk Nickel
- Vale
- BHP
- Jinchuan
- Sumitomo Metal Mining
- Anglo American
- Ambatovy
- Sherritt International
- Minara Resources
- Glencore
Answer: The publisher forecasts that stainless steel is expected to witness the highest growth over the forecast period due to its reliance on nickel for corrosion resistance and strength.
Q6. In refined nickel market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrialization, growing preference for e-vehicles, and existence of major stainless steel producer in the region.
Q7. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the refined nickel market by application (stainless steel, nonferrous alloy, plating, alloy steel & casting, battery, and others), end use (metallurgy, industrial machinery, electronics, automotive and transportation, building & construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Refined Nickel Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Norilsk Nickel
- Vale
- BHP
- Jinchuan
- Sumitomo Metal Mining
- Anglo American
- Ambatovy
- Sherritt International
- Minara Resources
- Glencore
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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