Global Nickel Market - Segmented by Application and Geography - Growth, Trends, and Forecast (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||568491|
|出版日||ページ情報||英文 144 Pages
|世界のニッケル市場：動向と予測 Global Nickel Market - Segmented by Application and Geography - Growth, Trends, and Forecast (2018 - 2023)|
|出版日: 2018年04月05日||ページ情報: 英文 144 Pages||
The market for nickel is expected to register significant growth during the forecast period, 2018 to 2023. This significant growth is a result of the rising demand for nickel base metal in the battery industry to cater to the demands the of global electric vehicle market.
Increasing Demand from Burgeoning Battery Industry
Nickel is used as the cathode material for lithium-ion batteries and used in increasingly large quantities. The demand for nickel base metal in the battery industry is further backed by the rapid volume growth of the electric vehicle market. It is also driven by the increased intensity of the use of nickel to improve the energy density of batteries and extend driving range. Some of the biggest producers of the higher-grade nickel ores, including BHP Norilsk Nickel, Vale, and Sumitomo Corp, are moving quickly to leverage the trend and seal long-term supply deals with battery producers. Thus, the demand for nickel is anticipated to grow significantly in the future.
Stainless Steel Application Segment to Dominate the Market
As of 2017, stainless steel production accounted for more than 60% of the total primary nickel demand. This ratio has increased in recent years due to rising Chinese stainless steel production, which uses a high proportion of primary nickel units. As a result, Chinese stainless steel mills consume more than half of the primary nickel. Other major stainless steel producing regions are smaller than China and fulfil a greater share of their nickel requirements from stainless steel scrap than from primary sources.
Asia-Pacific to Dominate the Market Growth
The Asia-Pacific region is the largest regional market for nickel. The major nickel ore concentrations in Philippines, New Caledonia, Australia, Indonesia, and China are instrumental to making the region the largest producer of nickel. The increasing consumption level of nickel in China is also expected to boost the market in the region as it alone accounts for the highest share of the world's nickel demand.
Key Developments in the Market
January 2018: Top Chinese nickel Producer, Jinchuan Group Co. joins BHP in ramping up operations to meet demand from electric vehicles.
November 2017: Terrafame Ltd. plans nickel and cobalt chemical production for battery applications.
June 2017: BASF has entered into exclusive negotiations with Norilsk Nickel for the supply of nickel and cobalt for the its next generation of battery cathode materials.
Major Players: Vale, Norilsk Nickel, Glencore, BHP, Eramet, Anglo American, and Sherritt International Corporation, amongst others.
Reasons to Purchase the Report
Identify the current and future prospects of global nickel market in the developed and emerging markets
Analyze various perspectives of the market with the help of Porter's five forces analysis
Information of the segment that is expected to dominate the market
Identify the region that is expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 month analyst support, along with the Market Estimate sheet (in Excel)
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