Jan 03, 2020 (HTF Market Intelligence via COMTEX) -- Advance Market Analytics released the research report of Global Refined Nickel Market , offers a detailed overview of the factors influencing the global business scope. Refined Nickel Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Refined Nickel. This Report covers the emerging player's data, including: competitive situation, sales, revenue and global market share of top manufacturers are Norilsk Nickel (Russia), Vale (Brazil), BHP (Australia), Jinchuan Group International Resources Co. Ltd (China), Sumitomo Metal Mining Co. (Japan), Anglo American (United States), Ambatovy (United States), Sherritt International Corporation (Canada), Minara Resources (Australia) and Glencore (Switzerland).
Nickel is an element which is available in two forms in the earth's crust i.e. lateritic ores and sulfidic. The latter form of nickel is processed or smelted to form refined nickel. Nickel has a high melting point, resistance against corrosion and good ductility, and has recyclability. The advantages of refined nickel is widely used in end-use industries from metallurgy to electronics, automotive and healthcare. Further, the upsurge in demand for stainless steel in the infrastructure, machinery, and automotive industries globally is driving the refined nickel market.This growth is primarily driven by Increased Consumption of Refined Nickel by Stainless Steel Industry, Rapid Industrialization and Urbanization in Emerging Economies and Rising use of Nickel in Manufacturing Batteries for Electric Vehicles.
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Increased Consumption of Refined Nickel by Stainless Steel Industry
Rapid Industrialization and Urbanization in Emerging Economies
Rising use of Nickel in Manufacturing Batteries for Electric Vehicles
High Demand for Stainless Steel among End-users
Growing use of Nickel in the Healthcare Industry
Fluctuating Raw Material Prices may hamper the Market Growth
Increasing Import of Refined Nickel in Emerging Economies like China and Rising Construction Activities
Reduction in Demand for Stainless Steel in Developed Countries
The Global Refined Nickel is segmented by following Product Types:
Nickel Minerals, Nickel Recovery
Major applications/end-users industry are: