One of the most important demand factors identified in the global refined nickel market growth is the demand for stainless steel and stainless alloys in various end-use sectors such as industrial machinery, automobiles, and construction. Nickel is an important metal in stainless steel production as it improves the corrosion resistance properties of steel and adds a high value to the end product. Therefore, industrialization and urbanization in emerging economies are expected to stimulate demand for stainless steel in the various end-use industries and thus refined nickel.
Although the global market is experiencing moderate growth, increasing demand for nickel in the production of batteries used in electric vehicles is expected to stimulate steady growth in the global market over the projection period.
Similarly, the growing use of nickel in the healthcare industry in applications such as devices and implants will stimulate nickel demand and stimulate growth in the global refined nickel market.
Competitive Leader Board:
Some of the leading market players contributing with product and innovation to meet the demand are Vale, Sumitomo Metal Mining Co., Sherritt International Corporation, Minara Resources, Anglo American, Glencore, Norilsk Nickel, Ambatovy, Jinchuan Group International Resources Co. Ltd.
Access Full Report Details and Order this Premium Report
@ https://www.marketresearchfuture.com/reports/refined-nickel-market-7868
Market Segmentation:
The global refined nickel market is segmented by application and industry.
Based on applications, the global market is divided into stainless steel, non-ferrous alloy, batteries, steel alloys, galvanization, and alloy.
For each end-use sector, the global market is bifurcated into sectors such as construction, metallurgy, industrial machinery, automotive and transportation, electronics, and construction.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7868
Regional Analysis:
The Asia Pacific region accounted for the largest share of the global refined nickel market in 2022 as a result of the urbanization and industrialization of developing countries such as China, India, and Southeast Asian nations. The growth in automobile production in the region, the intensification of infrastructure activities, and the emerging number of electric vehicle battery manufacturers in the region are likely to stimulate demand for refined nickel during the forecast period.
North America is another important market for refined nickel. The increasing acceptance of electric vehicles, the growth of the automotive sector, the development of construction activities, and the considerable presence of renowned nickel producers in the region are factors that should stimulate the demand for the product in the forecast period. In addition, the demand for refined nickel in healthcare is increasing as the region is a hub for many medical device manufacturers.
BuyNow@
https://www.marketresearchfuture.com/checkout?currency=one_user-USDreport_id=7868
Read more reports at: https://www.marketresearchfuture.com/categories/chemicals-market-report
Read more details at: https://www.marketresearchfuture.com/infographics
Read more details at: https://www.marketresearchfuture.com/videos
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR ), and Market Research Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact
Wantstats Research and Media Private Limited
99 Hudson Street, 5th Floor
New York, New York 10013
United States of America
Maharashtra, India
+1 646 845 9312
