Press release
Nickel Industry is Expected to Reach $ 47.2 Billion by 2031 - Glencore, Vale SA, Eramet SA, Sherritt International Corp
Global Nickel Market reached US$ 33.6 billion in 2022 and is expected to reach US$ 47.2 billion by 2031, growing with a CAGR of 5.5% during the forecast period 2024-2031.
Nickel and its derivatives are widely used in water and wastewater purification due to their durability, low maintenance, and chemical resistance. A significant portion of nickel production is allocated to alloying, batteries, coatings, transportation, and other uses. The Asia-Pacific region is projected to experience the highest CAGR in the global nickel market, driven by its abundant nickel reserves. According to the Nickel Institute, Asia-Pacific economies account for over 70% of global nickel mining production, with substantial ore deposits in China, the Philippines, Indonesia, and other countries fueling regional growth.
Get a Free Sample Research PDF: https://www.datamintelligence.com/download-sample/nickel-market
Key Developments:
• In August 2022, NMDC Ltd., an Indian state-owned metal exploration company, announced plans to explore international mining opportunities for lithium, nickel, and cobalt to meet India's growing demand. The company aims to start operations in Australia, where it holds a 90.02% stake in Legacy Iron Ore Ltd.
• In October 2021, Renault Group, a French multinational automotive manufacturer, signed a Memorandum of Understanding with Terrafame, a global leader in nickel and cobalt production. The agreement ensures Renault will receive a yearly supply of nickel sulfate from Terrafame, with an annual capacity of up to 15 GWh.
• In July 2021, BHP, an Australian mining, and energy corporation, secured a nickel supply agreement with Tesla Inc. for deliveries from its Nickel West facility in Western Australia.
Market Trends:
The growing electric vehicle (EV) market is driving up demand for nickel, a key component in lithium-ion battery cathodes. Nickel enhances the energy density and performance of these batteries, making it crucial for the development of EVs. As the EV sector expands globally, nickel's role in powering vehicles, aviation starter motors, and medical devices becomes increasingly significant. According to the India Brand Equity Foundation, India's EV market is projected to reach $7.09 billion by 2025, with substantial growth in two- and three-wheelers.
Segment Covered in the Nickel Market:
By Source: Pentlandite, Laterite.
By Mining Method: Underground, Surface.
By Class: Nickel Class I, Nickel Class II.
By Application: Stainless Steel, Alloys, Plating, Foundry, Batteries, Others.
By End-User: Metal Goods, Electric and Electronics, Engineering, Building & Construction, Transportation, Others.
Major Key Players
• Glencore
• Vale SA
• Eramet SA
• Sherritt International Corp.
• Sumitomo Metal Mining Co.
• Anglo American
• MMC Norilsk Nickel
• Jinchuan Group Ltd.
• BHP Billiton Ltd
• Pacific Metal Company
*Note:
Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.
Related Reports:
Nickel Alloys Market: https://www.datamintelligence.com/research-report/nickel-alloys-market
High-Performance Alloys Market: https://www.datamintelligence.com/research-report/high-performance-alloys-market
Titanium Alloy Market: https://www.datamintelligence.com/research-report/titanium-alloy-market
Affiliate Marketing Request here: https://www.datamintelligence.com/affiliate-marketing
Get Customization in the report as per your requierments: https://www.datamintelligence.com/customize/nickel-market
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
Nickel and its derivatives are widely used in water and wastewater purification due to their durability, low maintenance, and chemical resistance. A significant portion of nickel production is allocated to alloying, batteries, coatings, transportation, and other uses. The Asia-Pacific region is projected to experience the highest CAGR in the global nickel market, driven by its abundant nickel reserves. According to the Nickel Institute, Asia-Pacific economies account for over 70% of global nickel mining production, with substantial ore deposits in China, the Philippines, Indonesia, and other countries fueling regional growth.
Get a Free Sample Research PDF: https://www.datamintelligence.com/download-sample/nickel-market
Key Developments:
• In August 2022, NMDC Ltd., an Indian state-owned metal exploration company, announced plans to explore international mining opportunities for lithium, nickel, and cobalt to meet India's growing demand. The company aims to start operations in Australia, where it holds a 90.02% stake in Legacy Iron Ore Ltd.
• In October 2021, Renault Group, a French multinational automotive manufacturer, signed a Memorandum of Understanding with Terrafame, a global leader in nickel and cobalt production. The agreement ensures Renault will receive a yearly supply of nickel sulfate from Terrafame, with an annual capacity of up to 15 GWh.
• In July 2021, BHP, an Australian mining, and energy corporation, secured a nickel supply agreement with Tesla Inc. for deliveries from its Nickel West facility in Western Australia.
Market Trends:
The growing electric vehicle (EV) market is driving up demand for nickel, a key component in lithium-ion battery cathodes. Nickel enhances the energy density and performance of these batteries, making it crucial for the development of EVs. As the EV sector expands globally, nickel's role in powering vehicles, aviation starter motors, and medical devices becomes increasingly significant. According to the India Brand Equity Foundation, India's EV market is projected to reach $7.09 billion by 2025, with substantial growth in two- and three-wheelers.
Segment Covered in the Nickel Market:
By Source: Pentlandite, Laterite.
By Mining Method: Underground, Surface.
By Class: Nickel Class I, Nickel Class II.
By Application: Stainless Steel, Alloys, Plating, Foundry, Batteries, Others.
By End-User: Metal Goods, Electric and Electronics, Engineering, Building & Construction, Transportation, Others.
Major Key Players
• Glencore
• Vale SA
• Eramet SA
• Sherritt International Corp.
• Sumitomo Metal Mining Co.
• Anglo American
• MMC Norilsk Nickel
• Jinchuan Group Ltd.
• BHP Billiton Ltd
• Pacific Metal Company
*Note:
Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.
Related Reports:
Nickel Alloys Market: https://www.datamintelligence.com/research-report/nickel-alloys-market
High-Performance Alloys Market: https://www.datamintelligence.com/research-report/high-performance-alloys-market
Titanium Alloy Market: https://www.datamintelligence.com/research-report/titanium-alloy-market
Affiliate Marketing Request here: https://www.datamintelligence.com/affiliate-marketing
Get Customization in the report as per your requierments: https://www.datamintelligence.com/customize/nickel-market
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
