The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global nickel market was valued at US$ 31.5 Billion in 2021.
We expect the global nickel market to exhibit a CAGR of 5.57% during 2022-2027.
The rising demand for high-density nickel-based batteries across various sectors to meet the power
requirements, owing to their heat- and corrosion-resistant properties, is primarily driving the global
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations, resulting in the temporary closure of numerous
manufacturing units for nickel.
Based on the product type, the global nickel market can be categorized into class I products and
class II products, where class I products exhibit clear dominance in the market.
Based on the application, the global nickel market has been segmented into stainless steel and alloy
steel, non-ferrous alloys and superalloys, electroplating, casting, batteries, and others. Among these,
stainless steel and alloy steel currently represents the largest market share.
Based on the end-use industry, the global nickel market can be bifurcated into transportation &
defense, fabricated metal products, electrical & electronics, chemical, petrochemical, construction,
consumer durables, industrial machinery, and others. Currently, the transportation & defense
industry accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global nickel market include Anglo American Plc, BHP Group
Limited, Cunico Corporation, Eramet Group, Glencore Plc, IGO Limited, Jinchuan Group International
Resources Co. Ltd., Norilsk Nickel, Pacific Metal Company, Queensland Nickel Group, Sherritt
International Corporation, Sumitomo Corporation, Terraframe Ltd., Vale S.A., and Votorantim SA.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at