Research Report on “
Global Nickel
Market 2015-2019 ”
Market overview of the
global nickel market
Technavios 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.
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Segmentation by end user
and analysis of the nickel market
- Transportation and defense
- Fabricated metal products
- Electrical equipment
- Chemical industry
- Petroleum industries
- Construction sector
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
Other prominent vendors in the
market include Eramet, JFE Mineral, Lundin Mining, Sherritt, and
South 32.
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Table
of Content :
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
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