Global Nickel Market 2015-2019

  • Published: Nov 2015
  • Pages: 79
  • SKU: IRTNTR7620

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Market overview of the global nickel market

Technavio’s market research analyst predicts the global nickel market to grow at a CAGR of around 5% during the forecast period. The high demand for nickel in the transportation sector is driving the growth of this market. Nickel is used in the development of urban transportation such as sky buses, monorails, metro rail, and buses.

The discovery of newer substitutes that can replace nickel in a variety of applications is expected to deter the growth of the market. For instance, elements such as chromium are being used in the manufacture of stainless steel. Nickel is being substituted with titanium alloys to limit corrosion in piping that is used for the power and petroleum industries. These alternatives are anticipated to decrease the sales of nickel and limit the market growth during the forecast period.

Segmentation by application and analysis of the nickel market

  • Stainless steels and alloy steel
  • Non-ferrous alloys and super alloys
  • Electroplating

Nickel is used in the manufacturing of stainless steel and alloy steel. This segment accounted for 45% of the market share during 2014 and is anticipated to grow at a rate of 5% during the forecast period. Nickel is used in most grades of stainless steel due to the strength that is imparted to the steel, which can then be used in construction. Nickel can also handle cryogenic and elevated temperatures.

Segmentation by end user and analysis of the nickel market

  • Transportation and defense
  • Fabricated metal products
  • Electrical equipment
  • Chemical industry
  • Petroleum industries
  • Construction sector
  • Household appliances
  • Industrial machinery

The transportation and defense sector is the largest consumer of nickel and had a market share of around 39% during 2014. The usage of nickel in this sector is expected to grow at a rate of 5% during the forecast period. Nickel is used in many cars, buses, and trucks in the form of stainless steel. Large tankers of stainless steel and iron-nickel alloys are used to minimize fuel consumption, reduce carbon emissions, and reduce cargo losses.

Geographical segmentation and analysis of the global nickel market

  • Americas
  • Asia
  • Europe
  • ROW

Asia is the largest consumer of nickel and accounted for 69% of the market shares during 2014. The rapid industrialization and development occurring in this region, especially in China and India, is driving the demand for industrial machinery where nickel is used.

Competitive landscape and key vendors

The global nickel market has an oligopolistic market structure. The market is dominated by a few leading companies who have acquired mines and cater to the global demand. Most of the nickel mines are located in Canada, Russia, Indonesia, the Philippines, Burma, and Western Australia.

The leading vendors in the market are –

  • BHP Billiton
  • Glencore
  • Norilsk Nickel
  • PT Antam
  • Vale

Other prominent vendors in the market include Eramet, JFE Mineral, Lundin Mining, Sherritt, and South 32.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2019?
  • What are the key factors driving the global nickel market?
  • What are the key market trends impacting the growth of the nickel market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global nickel market?
  • Trending factors influencing the market shares of the Americas, Asia, Europe, and ROW?
  • What are the key outcomes of the five forces analysis of the nickel market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Top-vendor business areas

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 05: Market segmentation  by application

  • Market overview
  • Nickel market for stainless and alloy steels
  • Nickel market for non-ferrous alloys and superalloys
  • Nickel market for electroplating applications
  • Nickel market for other applications

PART 06: Market segmentation by end-user

  • Market overview
  • Nickel usage in transportation and defense
  • Nickel usage in fabrication of metal products
  • Nickel usage in electrical and electronic equipment
  • Nickel usage in chemical industry
  • Nickel usage in petroleum industry
  • Nickel usage in construction industry
  • Nickel usage in household appliances
  • Nickel usage in industrial machinery
  • Other end-uses of nickel

PART 07: Geographical segmentation

  • Market overview
  • Nickel market in Asia
  • Nickel market in Europe
  • Nickel market in Americas
  • Nickel market in ROW

PART 08: Key leading countries

  • Philippines
  • Russia
  • Indonesia
  • Canada

PART 09: Market drivers

  • Growth drivers impacting global nickel market

PART 10: Impact of drivers

PART 11: Market challenges

  • Challenges faced by global nickel market

PART 12: Impact of drivers and challenges

PART 13: Market trends

  • Trends likely to impact global nickel market

PART 14: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 15: Key vendor analysis

  • BHP Billiton
  • Glencore
  • Norilsk Nickel
  • PT Antam
  • Vale

PART 16: Appendix

  • List of abbreviation

PART 17: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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