Global nickel consumption is projected to grow at a CAGR of around 5% during 2011-2014, says RNCOS in its latest research report.
Noida, UP -- (SBWIRE) -- 12/27/2011 -- According to our latest research report, “Global Nickel Market Analysis”, the global nickel industry is witnessing a positive growth owing to the rise in production and increased demand for nickel across the world. The global demand for nickel is primarily driven by the rising production of stainless steel in emerging economies. The metal is used across every sector of industrial development; due to which, the demand for nickel is rising stupendously. Taking into consideration all the studied facts and figures, it is anticipated that, the global nickel consumption will grow at a CAGR of around 5% during 2011-2014.
As per our findings, nickel is extensively used in aerospace industry in aircraft engines. Nickel alloy, steel is also used especially for producing materials of special shapes. The major demand is expected to come from super-alloys (high performance alloys of nickel, cobalt, or nickel-iron with high temperature strength and corrosion/oxidation resistance), as the aerospace industry utilizes more than 50% of total super-alloys available in the world. The growing aerospace industry represents huge opportunity for nickel suppliers.
In addition, our report covers the regional analysis of nickel market and found that, Asia accounts for the maximum share in global nickel consumption. Nickel consumption increased strongly in Asia over the past few years due to the rapid surge in the usage of nickel in China.
Apart from Asia, our report also covers main nickel producing and consuming countries, such as the US, Canada, Japan, Germany, and Indonesia.
Our report, “Global Nickel Market Analysis”, is a comprehensive research closely tracking the nickel industry. It highlights and analyzes macroeconomic factors, such as nickel capacity, production, and consumption in terms of region, price movement, and supply and demand situation, which are likely to facilitate our clients in analyzing the leading-edge opportunities critical to the success of the nickel industry at the global level as well as in major countries. Our report also provides overview and financials of leading players, such as Xstrata, Norilsk Nickel, BHP Billiton, Eramet, and Vale.
Additionally, the report contains forecast on consumption and production of nickel at the global level, based on a correlation between past and present market growth drivers, such as stainless steel demand, industrial production performance, etc. Overall, our report intends to compile all the requisite information that are key to the understanding of growth opportunities of the global nickel industry for potential investors.
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.