Nickel Market Analysis by Share, Size, Supply and Demand 2021-2025

1
Accelerated Demand for Nickel and
Mineral-Intensive Transition Toward Cleaner
Energy Sources Create Tailwinds for Global Nickel
Market
Over the study period, the global nickel market
is projected to grow at breakneck speed owing to
surging utilization in diverse industries. Nickel
alloy is highly strong, ductile, malleable, and
resistant to corrosion. Several end-use
industries incorporate nickel for specialized
applications. A major section of nickel
production is consumed in the manufacturing of
steel. Besides, demand for nickel alloy is also
attributed to its use in nuclear power plants and
the aerospace industry. Get a Sample Copy of
Nickel Market https//www.fairfieldmarketresearch
.com/report/nickel-market/request-sample Amidst
the past decade, the automotive industry has
undergone seismic shifts from fuel-based vehicles
to electric vehicles. The idea behind the
transition is to adopt cleaner energy with a
notable emphasis on minerals. This radical shift
towards clean energy has set an incessant
momentum for electric mobility. Strong uptake of
nickel in battery components, solar panels and
wind turbines are widening the horizons of nickel
application. The aforementioned facts have
boosted the demand for nickel across the
world. Comprehensive Application Across Diverse
Industries Augurs Well for Nickel Alloys On the
basis of application, the nickel market breaks
down to alloys, stainless steel, plating,
batteries, aircraft, automotive, pharmaceuticals,
steam turbine, nuclear power, chemical
petrochemical, casting, and others. The nickel
market has witnessed positive dynamics on strong
grounds of pliability, durability and
electro-magnetic properties. Due to high
resistance to corrosion, nickel is extensively
used in the oil and gas industry. However
stainless steel manufactures remain consistent
end users of nickel alloys. Besides, it also
finds its application across non-ferrous alloys,
and other casting iron products. The nickel
market growth is further augmented by the
burgeoning consumption of nickel and its
derivatives in desalination plants alongside
water purification and disposal industries. The
acceleration in demand for nickel alloys are also
attributed to the rechargeable lithium-ion
batteries. As the EV market begins to scale up,
the demand for efficient and enhanced batteries
with corrosion and heat resistance has surged
incessantly. Overall, the application of nickel
across the construction, architecture, and marine
industries are prophesied to observe sharp
inclination by the end of the forecasted
period. Asia Pacific Gains Supremacy in the
Regional Dynamics of Global Nickel Market
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Projections foresee momentous growth of the
nickel market across the regions of Asia Pacific.
This growth is attributed to perpetual steel
consumption encompassing all the verticals viz
food and beverages, aerospace, healthcare,
automotive, to name a few. China, being the
production hub of stainless steel, consumes
approximately half of the world's primary nickel
production. India is following the footsteps of
China, while other regions meet the nickel demand
via stainless steel scrap. Additionally, the
nickel producers in the APAC region are also
expected to reap the gains from the presence of
the biggest battery manufacturing
sector. Overall, Asia Pacific region is thriving
at the behest of increased demand for nickel in
steel, battery and automobile batteries
manufacturing sectors. The market is anticipated
to flourish with growth and development
opportunities over the coming years. Leading
players in the global nickel market include Anglo
American plc, BHP, Independence Group, Sherritt
International, Glencore, Cunico Corporation,
Votorantim Group, Jinchuan Group International
Resources Co. Ltd., Vale, Sumitomo Corporation,
Queensland Nickel, Pacific Metal Company,
Nornickel, Eramet, and Terrafame Ltd. For More
Information of Nickel Market Visit
https//www.fairfieldmarketresearch.com/report/nic
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