Below are some of the key findings from the primary nickel market research report
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Global primary nickel industry overview
One of the key factors contributing to the growth of the global primary nickel market is the increasing production of stainless steel. 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 are contributing to the increased demand for primary nickel. 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. The primary nickel market is projected to grow at a CAGR of over 2% during the forecast period.
Nickel recycling is one of the major trends being witnessed in the global primary nickel market. 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 metal in various end-user segments.
Top primary nickel companies covered in this market research report
The primary nickel market is moderately fragmented with multiple players occupying the market share. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this primary nickel industry analysis report is designed to aid clients to identify new growth opportunities and make informed business decisions.
The report offers a complete analysis of various companies including:
- Anglo American
- BHP
- Glencore
- Norilsk Nickel
- Vale
Primary nickel market segmentation based on geographic regions
- Americas
- APAC
- EMEA
The APAC region will account for the highest incremental growth of this market throughout the forecast period. The economic development in emerging countries such as China and India will propel the growth of the market during the forecast period.
Primary nickel market segmentation based on end users
- Engineering
- Metal goods
- Transport
- Tubular products
- electrical and electronics
- Architecture, building, construction
The engineering segment accounted for the significant share of the nickel metal market during 2017. Nickel is used in the production of food preparation equipment, medical equipment, power generation equipment, and electroplating tools.
Moreover, nickel coatings are used in various industries such as automotive, aerospace, and communication. These factors are driving the growth of the market. Additionally, the report will also provide an accurate prediction of the contribution of the various end-user segments to the growth of the primary nickel market size.
Key highlights of the global primary nickel market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the primary nickel market during the next five years
- Precise estimation of the global primary nickel market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the primary nickel industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of the primary nickel companies
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