Updata
Hey! Thank you so much for your support and quality posts for V Show!
And congratulations on becoming our Vipon Associated Editor.
From now on, in addition to getting 10 points for each post (up to 30 points daily), we will regularly review each of your articles, and each approved article (tagged with Featured label) will be paid an additional $50.
Note: Not all articles you posted will get $50, only those that meet our requirements will be paid, and articles or contents that do not meet the requirements will be removed.
Please continue to produce high quality content for organic likes. Our shoppers love seeing your stories & posts!
Congratulations! Your V SHOW post Planting Tips has become our Featured content, we will pay $50 for this post. Please check on your balance. Please continue to produce high quality original content!
The global nickel industry size was USD 41.61 billion in 2023 and is projected to grow from USD 44.59 billion in 2024 to USD 73.15 billion by 2032 at a CAGR of 7.3% during the forecast period. according to Fortune Business Insights™ in its report titled, "Nickel Market, 2021-2028." Nickel (Ni), a naturally occurring silvery-white metallic element, is essential in various applications due to its outstanding physical and chemical properties. It is primarily used in alloying stainless and heat-resistant steels, often combined with chromium and other metals. Advances in mining, smelting, and refining technologies now allow for the processing of lower-grade nickel ore. Additionally, increased exploratory activities by mining companies, driven by low commodity prices, are anticipated to boost nickel metal uptake. Technological advancements in stainless steel production and rising consumer demand for nickel-based products, such as alloys and batteries, are expected to drive global market growth during the forecast period.
Market Segmentation
The report provides an in-depth analysis of the nickel industry, highlighting key companies, applications, and market trends. It includes quantitative data on market size, volume, and value, along with a comprehensive analysis of market drivers and restraints. The study also covers significant industry developments and the competitive landscape.
The increasing demand for stainless steel in the automotive, consumer goods, and construction sectors will drive market growth. According to the Nickel Institute Organization, stainless steel accounts for over two-thirds of global nickel consumption. Nickel enhances the formability, weldability, and ductility of steel and provides corrosion resistance in specific applications. The high demand for stainless steel, due to its lightweight, high tensile strength, durability, and ease of manufacture, will boost nickel demand over the forecast period. However, rising nickel prices may pose a challenge as it becomes a more expensive raw material for various industries.
In 2020, the Asia Pacific market was valued at USD 26.92 billion. Technological advancements in stainless steel production, especially in China, the region's largest and fastest-growing market, are driving growth. The rapid development of China's construction and automotive industries, along with increased R&D activities and infrastructure projects, are boosting demand for nickel.
Stainless steel is extensively used in electric vehicles in Europe. The region's market growth is fueled by the burgeoning automobile industry and technological advancements.
The U.S. leads the North American market, driven by the expanding building industry and the high flexibility, energy absorption, and explosion-resistant properties of nickel.
Nickel consumption in this region is primarily in special steels, valued for their enhanced ductility and toughness at low temperatures.
The market growth in South America is due to the increasing use of stainless steel and nickel alloys in medical devices and orthopedic applications such as joint replacements and stents.
Leading producers like Vale, BHP, Anglo American plc, and Eramet are expanding their businesses through product development, capacity expansion, acquisitions, and market collaborations. For example, Anglo American, a major mining company, produces about 9,000 tonnes of nickel annually from its Codemin mine for the domestic market.
In December 2021, Vedanta acquired Nicomet, a prominent nickel and cobalt producer with an annual production capacity of 7.5 tonnes. This acquisition aims to meet the growing demand for batteries and stainless steel.
Source Link-https://www.fortunebusinessinsights.com/nickel-market-106576
The global nickel industry size was USD 41.61 billion in 2023 and is projected to grow from USD 44.59 billion in 2024 to USD 73.15 billion by 2032 at a CAGR of 7.3% during the forecast period. according to Fortune Business Insights™ in its report titled, "Nickel Market, 2021-2028." Nickel (Ni), a naturally occurring silvery-white metallic element, is essential in various applications due to its outstanding physical and chemical properties. It is primarily used in alloying stainless and heat-resistant steels, often combined with chromium and other metals. Advances in mining, smelting, and refining technologies now allow for the processing of lower-grade nickel ore. Additionally, increased exploratory activities by mining companies, driven by low commodity prices, are anticipated to boost nickel metal uptake. Technological advancements in stainless steel production and rising consumer demand for nickel-based products, such as alloys and batteries, are expected to drive global market growth during the forecast period.
Market Segmentation
The report provides an in-depth analysis of the nickel industry, highlighting key companies, applications, and market trends. It includes quantitative data on market size, volume, and value, along with a comprehensive analysis of market drivers and restraints. The study also covers significant industry developments and the competitive landscape.
The increasing demand for stainless steel in the automotive, consumer goods, and construction sectors will drive market growth. According to the Nickel Institute Organization, stainless steel accounts for over two-thirds of global nickel consumption. Nickel enhances the formability, weldability, and ductility of steel and provides corrosion resistance in specific applications. The high demand for stainless steel, due to its lightweight, high tensile strength, durability, and ease of manufacture, will boost nickel demand over the forecast period. However, rising nickel prices may pose a challenge as it becomes a more expensive raw material for various industries.
In 2020, the Asia Pacific market was valued at USD 26.92 billion. Technological advancements in stainless steel production, especially in China, the region's largest and fastest-growing market, are driving growth. The rapid development of China's construction and automotive industries, along with increased R&D activities and infrastructure projects, are boosting demand for nickel.
Stainless steel is extensively used in electric vehicles in Europe. The region's market growth is fueled by the burgeoning automobile industry and technological advancements.
The U.S. leads the North American market, driven by the expanding building industry and the high flexibility, energy absorption, and explosion-resistant properties of nickel.
Nickel consumption in this region is primarily in special steels, valued for their enhanced ductility and toughness at low temperatures.
The market growth in South America is due to the increasing use of stainless steel and nickel alloys in medical devices and orthopedic applications such as joint replacements and stents.
Leading producers like Vale, BHP, Anglo American plc, and Eramet are expanding their businesses through product development, capacity expansion, acquisitions, and market collaborations. For example, Anglo American, a major mining company, produces about 9,000 tonnes of nickel annually from its Codemin mine for the domestic market.
In December 2021, Vedanta acquired Nicomet, a prominent nickel and cobalt producer with an annual production capacity of 7.5 tonnes. This acquisition aims to meet the growing demand for batteries and stainless steel.
Source Link-https://www.fortunebusinessinsights.com/nickel-market-106576
Are you sure you want to stop following?
Congrats! You are now a member!
Start requesting vouchers for promo codes by clicking the Request Deal buttons on products you want.
Start requesting vouchers for promo codes by clicking the Request Deal buttons on products you want.
Sellers of Amazon products are required to sign in at www.amztracker.com
More information about placing your products on this site can be found here.
Are you having problems purchasing a product with the supplied voucher? If so, please contact the seller via the supplied email.
Also, please be patient. Sellers are pretty busy people and it can take awhile to respond to your emails.
After 2 days of receiving a voucher you can report the seller to us (using the same button) if you cannot resolve this issue with the seller.
For more information click here.
We have taken note and will also convey the problems to the seller on your behalf.
Usually the seller will rectify it soon, we suggest now you can remove this request from your dashboard and choose another deal.
If you love this deal most, we suggest you can try to request this deal after 2 days.
This will mark the product as purchased. The voucher will be permanently removed from your dashboard shortly after. Are you sure?
You are essentially competing with a whole lot of other buyers when requesting to purchase a product. The seller only has a limited amount of vouchers to give out too.
Select All Groups
✕
Adult Products
Arts, Crafts & Sewing
Automotive & Industrial
Beauty & Grooming
Cell Phones & Accessories
Electronics & Office
Health & Household
Home & Garden
Jewelry
Kitchen & Dining
Men's Clothing & Shoes
Pet Supplies
Sports & Outdoors
Toys, Kids & Baby
Watches
Women's Clothing & Shoes
Other
Adult Products
©Copyright 2024 Vipon All Right Reserved · Privacy Policy · Terms of Service · Do Not Sell My Personal Information
Comments