Global Nickel Market Outlook, Opportunities And Strategies – Includes Nickel Market Trends
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The global nickel market is expected to grow from $8.58 billion in 2021 to $8.84 billion in 2022 at a compound annual growth rate (CAGR) of 3.1%. The global nickel mining market size is expected to grow to $8.9 billion in 2026 at a compound annual growth rate (CAGR) of 0.2%.
The growth in the nickel mining market is due to an increase in the manufacturing of stainless steel in countries such as Australia and the Philippines, owing to rising infrastructure.
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The nickel mining market consists of sales of nickel ores and concentrates by entities (organizations, sole traders, and partnerships) that mine nickel ore.
Global Nickel Market Segments Include:
By Type: Pentlandite (sulfide ore), and Laterite
By Mining Type: Underground Mining, Surface Mining
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global nickel market in 2021.
Companies involved in nickel mining are using portable X-ray fluorescence (XRF) analyzers to improve extraction efficiency. Portable XRF analyzers can provide real-time analysis of nickel found in rocks, soil, sediment, drill cuttings, and drill core samples, as the major trends are witnessed in the global non-residential accommodation market.
TBRC’s Nickel Market Report Covers:
Major Market Players: Vale SA, MMC Norilsk Nickel, Xstrata Plc, Jinchuan Group Ltd, and BHP Billiton Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Nickel Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides nickel market overviews, analyzes and forecasts market size, share, nickel market players, nickel market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s nickel market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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