Nickel market size and share

Nickel is a metal element with symbol Ni and atomic number Stainless Steel Casting The metal is silvery whitish with slight golden tinge. It belongs to transition metals, is hard and ductile. Pure powdered nickel shows a substantial chemical activity, but large piece of nickel are slow to react with air under standard conditions due to an oxide layer forms on surface and stops further corrosion.provides a concise analysis on the recent market trends. The report further includes statistics, market forecasts and revenue estimations, that in addition highlights its status in the competitive domain as well as expansion trends adopted by major industry players.

Pure nickel is found in earth's crust in tiny amounts, generally in ultramafic rocks and in the interior of large nickel-iron meteorites which are not exposed to oxygen. Commonly nickel is extracted from iron ore limonite, which often contains 1-2% nickel. Other important ore minerals include pentlandite and a mixture of Ni-rich natural silicates known as garnierite. Mainly Nickel is found in Sudbury region in Canada, New Caledonia in the Pacific, and Norilsk in Russia.

Global Nickel Market report is segmented on the basis of application, end-user and region. On the basis of application, the Nickel market is divided into stainless steel, alloys, plating, casting, batteries and others. On the basis of end-user, the Nickel market is divided into engineering sector, building and construction, metal goods, transport, electronic goods and others

The regions covered in this Nickel Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Nickel is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Use of Nickel in Various Applications is Driving the Global Nickel Market.

Nickel is used as alloying agent for some particular precious metals and used in fire assay as a collector of platinum group elements. Because of its resistant nature from corrosion, it is used as a substitute for decorative silver. Approximately 68% of world production of nickel is used in stainless steel. Additionally, 10% is used for nickel-based and copper-based alloys, 7% for alloy steels, 3% in foundries, 9% in plating and 4% in other applications, which comprises the fast-growing battery sector.