Nickel Global Market Report 2024

Nickel Global Market Report 2024 – By Type (Pentlandite (Sulfide Ore), Laterite), By Mining Type (Underground Mining, Surface Mining) – Market Size, Trends, And Global Forecast 2024-2033

Name: Nickel Global Market Report 2024
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Nickel Global Market Report 2024

Starting Price : $4000.00 $3200.00 | Pages : 250 | Published : March 2024 | Delivery Time: 2-3 business days | Format : pdf

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Nickel Market Definition

Nickel refers to the process of extraction of nickel from mines. In this process, sulfide ores are crushed and ground to release nickel particles through selective flotation from the byproducts. This procedure involves stirring the ore with specific chemicals while using mechanical and pneumatic equipment to create air bubbles.

The main types of nickel are pentlandite (sulfide ore), and laterite. Pentlandite refers to a mineral, a sulfide of nickel, occurring in the form of bronze-colored granular aggregates, found with pyrrhotite the principal source of nickel. The various end-users involved in building and construction, iron and steel, agriculture, and chemicals. The mining type includes underground mining and surface mining.

Nickel Market Segmentation

The nickel market covered in this report is segmented –

1) By Type: Pentlantide (Sulfide Ore), Laterite

2) By Mining Type: Underground Mining, Surface Mining

Global Nickel Market Size 2023 to 2028: Graph

Nickel Market Size 2024 And Growth Rate

The nickel market size has grown strongly in recent years. It will grow from $36.7 billion in 2023 to $40.27 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increase in infrastructure development, increase in industrialization and increase in demand for stainless steel.

Nickel Market Growth Forecast

The nickel market size is expected to see strong growth in the next few years. It will grow to $57.5 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to rising urbanization, growing demand for electric vehicles, rising government support and increasing demand for nickel in automobile batteries. Major trends in the forecast period include focus on increasing investments to set up new plants for nickel processing, focus on the introduction of new sustainable procurement frameworks to promote responsible and environmentally friendly practices in the mining and processing of nickel, focus on the introduction of new products of nickel and focus on strategic partnerships and mergers and acquisitions to expand product or service portfolio and geographic presence.

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Nickel Market Driver: Surge In Electric Vehicle Adoption Boosts Nickel Market Growth

The increasing adoption of electric vehicles is expected to propel the growth of the nickel market going forward. Electric vehicles (EVs) are automobiles that are powered by one or more electric motors, using electrical energy stored in rechargeable batteries. The rise of electric vehicles is a significant driver for increased nickel demand, particularly in the context of advanced lithium-ion batteries. For instance, in March 2023, according to the International Energy Agency, a France-based intergovernmental organization, the electric car market experienced exponential growth as sales surpassed 10 million in 2022. A total of 14% of all new cars sold were electric in 2022, reflecting a substantial increase from approximately 9% in 2021. Therefore, the increasing adoption of electric vehicles is driving the growth of the nickel market.

Nickel Market Driver: Automotive Battery Demand Propels Growth In The Nickel Market

The increasing demand for nickel in automobile batteries is also expected to contribute to the growth of nickel, thereby increasing demand for the nickel market in the forecast period. Modern automotive batteries, particularly those used in electric vehicles, often feature nickel-rich cathodes. These cathodes use a significant amount of nickel, which boosts overall nickel demand. For example, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, the demand for automotive lithium-ion (Li-ion) batteries experienced a substantial increase in 2022, rising by approximately 65% to reach 550 GWh (Gigawatt hour). This surge in demand was primarily driven by the growth in electric passenger car sales, which saw new registrations grow by 55% in 2022 compared to the previous year, 2021. Therefore, the increasing demand for nickel in automobile batteries is driving the market's growth during the forecast period.

Global Nickel Market Major Players

Major companies operating in the nickel market report are Glencore, Vale, Sumitomo Metal Mining Co. Ltd, Erame, Norilsk Nickel Inc., BHP, Anglo American, Pacific Metal Company, Sherritt International Corporation, INDEPENDENCE GROUP NL, Tsingshan Holdings Group, Hindustan Copper Limited, Jinchuan Group International Resources Co. Ltd, Huayou Cobalt Co. Ltd, CNGR Advanced Material Co., Ltd, Rigqueza International Pte Ltd, Jindal Stainless Limited, Vedanta Resources Limited, Alliance Nickel Limited, Western Areas Limited, Jervois Mining, National Aluminum Company Limited, Nicomet Industries Limited, Deutsche Nickel GmbH, Solway Investment Group Limited, Société Le Nickel (SLN), Sumic Nickel Netherlands B.V, North American Nickel, Talon Metals, PolyMet Mining Corp, First Quantum Minerals Ltd, Royal Nickel Corporation, Turnagain Nickel, Lundin Mining Corporation, Wallbridge Mining Co. Ltd, Atlantic Nickel UK, Brazilian Nickel PLC, Mirabela Nickel Ltd, Mubadala Investment Company, Ma'aden, Siyanda Resources, African Rainbow Minerals, Africo Resources, Impala Platinum, Sibanye Stillwater.

Global Nickel Market Trend: Tpc Wire & Cable Unveils New Nickel-Based Products For High-Temperature Applications

Companies in the nickel market are focusing on the introduction of new products of nickel to strengthen their position in the market. New products with nickel are being developed for applications in various industries. For instance, in August 2023, TPC Wire & Cable, a US-based company that specializes in providing wire, cable and accessories for industrial automation, auto integrator and original equipment manufacturers (OEM), introduced new products to the Thermo-Trex Line of Wire & Cable. Thermo-Trex 2000 Shielded Multi-Conductor is a versatile cable designed for power and control purposes in high-temperature environments, capable of enduring conductor temperatures reaching up to 450°C / 850°F. This cable boasts flexible properties and is equipped with finely stranded conductors made of nickel-plated copper, a shielding layer of nickel-plated copper braid and an outer jacket woven from special glass materials treated with abrasion-resistant coatings. The Thermo-Trex 2800 RTD Cable is designed for applications involving high-temperature Resistance Temperature Detector (RTD) control and instrumentation. It can endure a maximum conductor temperature of 530°C / 1000°F.

Global Nickel Market Trend: Atlas Materials Secures Funding For Innovative Nickel Processing Plant

Companies in the nickel market are focusing on increasing their investments to set up new plants for nickel processing. For example, in September 2023, Atlas Materials, a US-based start-up company that has developed a waste-free technology to process low-grade nickel for use in electric vehicle batteries, raised $27 million in funding to build a plant in North America that will use its waste-free technology to process low-grade nickel for use in electric vehicle (EV) batteries. The company's new technology processes saprolite nickel ores, which account for about a third of global nickel resources, into mixed hydroxide precipitate (MHP) for batteries, without producing any waste products.

Nickel Market Merger And Acquisition: Pt Merdeka Battery Materials Expands Nickel Production Capabilities With Pt Huaneng Metal Industry Purchase

In May 2023, PT Merdeka Battery Materials, an Indonesia-based company that provides nickel units of miner Merdeka Copper Gold, acquired the PT Huaneng Metal Industry, for an undisclosed amount. The acquisition is expected to help PT Merdeka Battery Materials capture additional profit margins from producing and selling high-grade nickel matte and transition its larger Rotary Kiln Electric Furnace (RKEF) asset base to class 1 nickel production. PT Huaneng Metal Industry is a nickel-processing facility.

Regional Analysis For The Global Nickel Market

Western Europe was the largest region in the nickel market in 2023. The regions covered in the nickel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the nickel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The nickel market includes revenues earned by entities by giving other metals the hardness, strength, and corrosion resistance they require. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The nickel market research report is one of a series of new reports from The Business Research Company that provides nickel market statistics, including the nickel industry global market size, regional shares, competitors with a nickel market share, detailed nickel market segments, market trends and opportunities, and any further data you may need to thrive in the nickel industry. This nickel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Nickel Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$40.27 billion
Revenue Forecast In 2033	$57.5 billion
Growth Rate	CAGR of 9.3% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Type: Pentlandite (Sulfide Ore), Laterite 2) By Mining Type: Underground Mining, Surface Mining
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Glencore; Vale; Sumitomo Metal Mining Co. Ltd; Erame; Norilsk Nickel Inc.; BHP; Anglo American; Pacific Metal Company; Sherritt International Corporation; INDEPENDENCE GROUP NL; Tsingshan Holdings Group; Hindustan Copper Limited; Jinchuan Group International Resources Co. Ltd; Huayou Cobalt Co. Ltd; CNGR Advanced Material Co., Ltd; Rigqueza International Pte Ltd; Jindal Stainless Limited; Vedanta Resources Limited; Alliance Nickel Limited; Western Areas Limited; Jervois Mining; National Aluminum Company Limited; Nicomet Industries Limited; Deutsche Nickel GmbH; Solway Investment Group Limited; Société Le Nickel (SLN); Sumic Nickel Netherlands B.V; North American Nickel; Talon Metals; PolyMet Mining Corp; First Quantum Minerals Ltd; Royal Nickel Corporation; Turnagain Nickel; Lundin Mining Corporation; Wallbridge Mining Co. Ltd; Atlantic Nickel UK; Brazilian Nickel PLC; Mirabela Nickel Ltd; Mubadala Investment Company; Ma'aden; Siyanda Resources; African Rainbow Minerals; Africo Resources; Impala Platinum; Sibanye Stillwater.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Nickel Market Characteristics

3. Nickel Market Trends And Strategies

4. Nickel Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Nickel Market Size and Growth

5.1. Global Nickel Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Nickel Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Nickel Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Nickel Market Segmentation

6.1. Global Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Pentlantide (Sulfide Ore)

Laterite

6.2. Global Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Underground Mining

Surface Mining

7. Nickel Market Regional And Country Analysis

7.1. Global Nickel Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Nickel Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Nickel Market

8.1. Asia-Pacific Nickel Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Nickel Market

9.1. China Nickel Market Overview

9.2. China Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Nickel Market

10.1. India Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Nickel Market

11.1. Japan Nickel Market Overview

11.2. Japan Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Nickel Market

12.1. Australia Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Nickel Market

13.1. Indonesia Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Nickel Market

14.1. South Korea Nickel Market Overview

14.2. South Korea Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Nickel Market

15.1. Western Europe Nickel Market Overview

15.2. Western Europe Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Nickel Market

16.1. UK Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Nickel Market

17.1. Germany Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Nickel Market

18.1. France Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Nickel Market

19.1. Italy Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Nickel Market

20.1. Spain Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Nickel Market

21.1. Eastern Europe Nickel Market Overview

21.2. Eastern Europe Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Nickel Market

22.1. Russia Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Nickel Market

23.1. North America Nickel Market Overview

23.2. North America Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Nickel Market

24.1. USA Nickel Market Overview

24.2. USA Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Nickel Market

25.1. Canada Nickel Market Overview

25.2. Canada Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Nickel Market

26.1. South America Nickel Market Overview

26.2. South America Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Nickel Market

27.1. Brazil Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Nickel Market

28.1. Middle East Nickel Market Overview

28.2. Middle East Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Nickel Market

29.1. Africa Nickel Market Overview

29.2. Africa Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Nickel Market Competitive Landscape And Company Profiles

30.1. Nickel Market Competitive Landscape

30.2. Nickel Market Company Profiles

30.2.1. Glencore

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Vale

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Sumitomo Metal Mining Co. Ltd

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Erame

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Norilsk Nickel Inc.

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Nickel Market Other Major And Innovative Companies

31.1. BHP

31.2. Anglo American

31.3. Pacific Metal Company

31.4. Sherritt International Corporation

31.5. INDEPENDENCE GROUP NL

31.6. Tsingshan Holdings Group

31.7. Hindustan Copper Limited

31.8. Jinchuan Group International Resources Co. Ltd

31.9. Huayou Cobalt Co. Ltd

31.10. CNGR Advanced Material Co., Ltd

31.11. Rigqueza International Pte Ltd

31.12. Jindal Stainless Limited

31.13. Vedanta Resources Limited

31.14. Alliance Nickel Limited

31.15. Western Areas Limited

32. Global Nickel Market Competitive Benchmarking

33. Global Nickel Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Nickel Market

35. Nickel Market Future Outlook and Potential Analysis

35.1 Nickel Market In 2028 - Countries Offering Most New Opportunities

35.2 Nickel Market In 2028 - Segments Offering Most New Opportunities

35.3 Nickel Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Nickel Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Nickel Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Asia-Pacific, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: China, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: China, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: India, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: India, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: Japan, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: Japan, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: Australia, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: Australia, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Indonesia, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Indonesia, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: South Korea, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: South Korea, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Western Europe, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Western Europe, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: UK, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: UK, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Germany, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Germany, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: France, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: France, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Italy, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Italy, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Spain, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Spain, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: Eastern Europe, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: Eastern Europe, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Russia, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Russia, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: North America, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: North America, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: USA, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: USA, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Canada, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Canada, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: South America, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: South America, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Brazil, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Brazil, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Middle East, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Middle East, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Africa, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Africa, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Glencore Financial Performance

Table 52: Vale Financial Performance

Table 53: Sumitomo Metal Mining Co. Ltd Financial Performance

Table 54: Erame Financial Performance

Table 55: Norilsk Nickel Inc. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Nickel Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Nickel Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Asia-Pacific, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: China, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: China, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: India, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: India, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: Japan, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: Japan, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: Australia, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: Australia, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Indonesia, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Indonesia, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: South Korea, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: South Korea, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Western Europe, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Western Europe, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: UK, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: UK, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Germany, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Germany, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: France, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: France, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Italy, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Italy, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Spain, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Spain, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: Eastern Europe, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: Eastern Europe, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Russia, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Russia, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: North America, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: North America, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: USA, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: USA, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Canada, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Canada, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: South America, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: South America, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Brazil, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Brazil, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Middle East, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Middle East, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Africa, Nickel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Africa, Nickel Market, Segmentation By Mining Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Glencore Financial Performance

Figure 52: Vale Financial Performance

Figure 53: Sumitomo Metal Mining Co. Ltd Financial Performance

Figure 54: Erame Financial Performance

Figure 55: Norilsk Nickel Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the nickel market?

How will the nickel market drivers and restraints affect the nickel market dynamics? What forces will shape the nickel industry going forward?

The nickel market major growth driver - Surge In Electric Vehicle Adoption Boosts Nickel Market Growth. For further insights on the nickel market, request a sample here

What is the forecast market size or the forecast market value of the nickel market?

The nickel market size has grown strongly in recent years. It will grow from $36.7 billion in 2023 to $40.27 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increase in infrastructure development, increase in industrialization and increase in demand for stainless steel. The nickel market size is expected to see strong growth in the next few years. It will grow to $57.5 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to rising urbanization, growing demand for electric vehicles, rising government support and increasing demand for nickel in automobile batteries. Major trends in the forecast period include focus on increasing investments to set up new plants for nickel processing, focus on the introduction of new sustainable procurement frameworks to promote responsible and environmentally friendly practices in the mining and processing of nickel, focus on the introduction of new products of nickel and focus on strategic partnerships and mergers and acquisitions to expand product or service portfolio and geographic presence. For further insights on the nickel market, request a sample here

How is the nickel market segmented?

The nickel market is segmented
1) By Type: Pentlantide (Sulfide Ore), Laterite
2) By Mining Type: Underground Mining, Surface Mining For further insights on the nickel market, request a sample here

Which region has the largest share of the nickel market? What are the other regions covered in the report?

Western Europe was the largest region in the nickel market in 2023. The regions covered in the nickel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the nickel market, request a sample here.

Who are the major players in the nickel market?

What are the key trends in the nickel market?

Major trend in the nickel market - Tpc Wire & Cable Unveils New Nickel-Based Products For High-Temperature Applications. For further insights on the nickel market, request a sample here.

What are the major opportunities in the nickel market? What are the strategies for the nickel market?

For detailed insights on the major opportunities and strategies in the nickel market, request a sample here.

How does the nickel market relate to the overall economy and other similar markets?

For detailed insights on nickel market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the nickel industry?

For detailed insights on the mergers and acquisitions in the nickel industry, request a sample here.

What are the key dynamics influencing the nickel market growth? SWOT analysis of the nickel market.

For detailed insights on the key dynamics influencing the nickel market growth and SWOT analysis of the nickel industry, request a sample here.