Growing Aerospace Industry Raising the Demand for Nickel

The commercial aerospace sector will continue to be a very large consumer of nickel-based super-alloys over the next two decades, says RNCOS.


Noida, UP -- (SBWIRE) -- 01/05/2015 -- The global nickel industry is witnessing a positive growth owing to the rise in 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 expected to rise. According to a new report by RNCOS, "Global Nickel Market Outlook 2016", the aerospace and aviation industries is rapidly growing and as it relies on nickel-based super-alloys for their ability to retain strength and resist metal fatigue in high temperatures, the metal is expected to gain market.. Also strong, lightweight, and aesthetic in appearance, nickel alloys are an excellent choice for the parts and components needed for aerospace and aviation operations.

According to our report, 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. Moreover, it is anticipated that global nickel consumption will grow at a CAGR of around 9% during 2014-2016.

The report, by RNCOS which is spread over in 60 pages provides an in-depth research and rational analysis of the Global Nickel Market with forecasts till 2016. The report has been divided into global nickel industry and country level market segment. The global nickel industry section focuses on global nickel reserves, and future forecast of global nickel mine production, refined production and consumption.

Report also covers region-wise analysis of the global nickel mine production, refined production and consumption for the year 2013. The country level market section provides nickel mine production, refined nickel production, and refined nickel consumption in leading countries like US, Canada, Indonesia, China, Philippines, among others.; individually forecasted for a detailed outlook till 2016. Additionally, report also provides the overview and financials of leading players, such as Glencore Xstrata, Norilsk Nickel, BHP Billiton, Vale, and Jinchuan Group. Besides, the report also includes price movement and market drivers, to help the clients analyze the opportunities critical for the success of the nickel industry.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.