Growth in Hybrid Vehicle Market Augments Nickel Demand

The growth of hybrid car market presents significant opportunity for Global Nickel market, says RNCOS.


Noida, UP -- (SBWIRE) -- 04/14/2015 -- Global nickel industry has witnessed strong growth over the past few years, and has emerged as one of the industries having an immense future growth potential Moreover, the metal is used in every sector of industrial development; as a result, the demand for nickel is rising astonishingly. According to a new report by RNCOS, "Global Nickel Market Outlook 2020", considering the current and future global trends of growth in demand for transportation facilities, accommodation, food/water and energy indicate an expected increase in future nickels demand.

According to our report, the growing concern over the increasing carbon emissions has forced the global automobile industry to develop technologically advanced vehicles running on alternative fuels. With, rising hybrid cars market, which uses nickel-based rechargeable batteries as an important component, the global demand of nickel is expected to rise.

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.