How big is the global nickel market?

The global nickel market size was estimated at USD 20.04 billion in 2022 and is expected to reach USD 20.44 billion in 2023.

What is the global nickel market growth?

The global nickel market is expected to grow at a compound annual growth rate of 5.2% from 2023 to 2030 to reach USD 29.15 billion by 2030.

Which end-use segment accounted for the largest share of the global nickel market?

Based on end-use segment, stainless steel held the largest revenue share of more than 63.0% in 2022 owing to growth in stainless steel demand from automotive and building & construction industries

Who are the key players in the global nickel market?

Some of the key vendors of the global nickel market are Anglo American Plc, BHP, Eramet, Glencore, IGO Limited, Metallurgical Corporation of China Ltd, Norlisk Nickel, Rio Tinto, South32 Limited and Vale

What are the key factors driving the global nickel market?

Rising in production of stainless steel along with expansion of nickel-based battery sector mainly for Electric Vehicles are projected to drive the market growth for global nickel market.