The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The nickel market has shown strong growth, rising from <$36.7 billion in 2023 to <$40.27 billion in 2024, with a compound annual growth rate (CAGR) of 9.7% during the historic period. This growth is due to strong economic expansion in emerging markets, increased infrastructure development, industrialization, and a growing demand for stainless steel. Looking forward, the market is projected to sustain strong growth, reaching <$57.5 billion in 2028 at a CAGR of 9.3%. Key contributing factors include rising urbanization, increasing demand for electric vehicles, growing government support, and higher demand for nickel in automobile batteries. Significant trends for the forecast period involve increasing investments in new nickel processing plants, introduction of sustainable procurement frameworks to promote environmentally friendly practices, development of new nickel products, and strategic partnerships and mergers to enhance product portfolios and expand geographic presence.

The nickel market is poised for growth due to the rising adoption of electric vehicles (EVs). EVs, which are powered by electric motors using energy stored in rechargeable batteries, significantly drive the demand for nickel, especially in advanced lithium-ion batteries. In March 2023, the International Energy Agency reported an exponential increase in the electric car market, with sales exceeding 10 million in 2022. Electric cars accounted for 14% of all new car sales in 2022, a notable rise from approximately 9% in 2021. This surge in EV adoption is expected to drive the growth of the nickel market, making it essential to monitor market sizes in 2023, 2024, and 2028 to understand its ongoing expansion.

Get A Free Sample On The Nickel Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=6829&type=smp

What Are The Key Trends That Influence Nickel Market Share Analysis?

In the nickel market, companies are introducing new nickel products to enhance their market position. For instance, in August 2023, TPC Wire & Cable, a US-based company specializing in industrial wire and cable, launched new products in its Thermo-Trex Line. The Thermo-Trex 2000 Shielded Multi-Conductor cable is designed for high-temperature environments, with nickel-plated copper conductors and shielding, and can withstand temperatures up to 450°C / 850°F. The Thermo-Trex 2800 RTD Cable is suitable for high-temperature Resistance Temperature Detector (RTD) applications, enduring temperatures up to 530°C / 1000°F.

Which Market Players Are Driving Growth In The Nickel Market?

Major companies operating in the market are Estee Lauder Inc, Function of Beauty, Prose, Curology, Hims & Hers Health Inc, Skin Authority, Bite Beauty, Esalon, Codage, insitU Cosmetics Ltd, Lancome, Giorgio Armani Beauty, Kiehl’s, Olay, Baccarose Perfumes & Beauty, Kanha Nature Oils, CKC Fragrances, Deon Pro Corporation, Flavaroma, Zhuhai Jiaxinkang Pharmaceutical Technology Co Ltd, Guangzhou Phero Perfume Co Ltd, Shandong Yingyang Flavors & Fragrances Co Ltd, Kao Chemicals, Takasago International Corporation, Guangzhou MT perfume Company, Zhejiang Qianliang Cosmetics Co Ltd, Guangzhou Baihua Flavors And Fragrances Company Ltd, Barry M Cosmetics, Beiersdorf UK Ltd, HC MedSpa, BEEVER Personal Care, Dendron Brands Ltd, Richards and Appleby Ltd, Skin Health Spa, Design Plus Health & Beauty Ltd, Famille Grasse Parfums, Dina Cosmetics France, Mikrocaps D.O. O, BASF SE, Firmenich SA, Solvay, Robertet Group, Symrise AG, Givaudan, Akvion JSC, Eleutere-Parfum Ltd, Atlantic Cosmetics (Atlantic Group), Tereza-Inter LLC, Verona Products Professional Sp. Z O.O, Binalex, Gabriella Salvete S.R.O, Paul’s Bohemia Trading S.R.O, Hero Cosmetics, Momentive Performance Materials Inc, Ashland Inc, Stepan Company, Avon Products Inc, ROCSA, Surya Brasil, Natura & Co, Dacov Cosmeticos, Unilog Universal Logistics, Columbia Cosmetics, GlamBox ME, Huda Beauty, Glamazle, Source Beauty, Lavido, Gamila Secret, Beauty Treat, GlowByCindy, Fyzzoworld Skincare, Organic Therapy, Charlotte Rhys, Mented Cosmetics, Esse Skincare

How Is The Global Nickel Market Segmented?

The nickel market covered in this report is segmented –

1) By Type: Pentlantide (Sulfide Ore), Laterite
2) By Mining Type: Underground Mining, Surface Mining

Read The Full Nickel Market Report Here

https://www.thebusinessresearchcompany.com/report/nickel-global-market-report

The Nickel Global Market Report 2024 provides an overview of the nickelmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The nickel market forecast analyzes nickel market size, nickel market share, leading competitor and their market positions.

The Table Of Content For The Nickel Market Include

1. Nickel Market Executive Summary
2. Nickel Market Segments
3. Nickel Market Size And Template Market Growth Rate
4.  Key Nickel Market Trends
5. Major Nickel Market Drivers
……
25. Key Mergers And Acquisitions In The Nickel Market
26. Top Nickel Companies
27. Nickel Market Opportunities And Strategies
28. Nickel Market, Conclusions And Recommendations
29. Appendix

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: