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China Driving the Global Nickel Consumption
Apr 11, 2011
According to our latest research report “Global Nickel Market Analysis”, the global nickel industry is witnessing a positive growth with 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. Moreover, the metal is used in every sector of industrial development; as a result, the demand for nickel is rising stupendously. Moreover, it is anticipated that global nickel consumption will grow at a CAGR of around 5% during 2011-2014.
As per the report, China is the world’s biggest nickel consumer and also produces a significant volume of the metal. Rapidly growing Chinese steel industry is stimulating the nickel demand in the country. Particularly, the demand for nickel-based stainless steel (or austenitic steel) is soaring at a rapid pace in China, says the research. Moreover, it is expected that rapid urbanization in China will drive the demand for stainless steel, which in turn, will increase the nickel consumption in the country.
Our report also covers main nickel producing and consuming countries, such as the US, Canada, Japan, Germany, and Indonesia etc. Besides, we have provided information about the activities of key players in these countries along with their production units.
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 & demand situation, which will help 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 the overview and financials of leading players, such as Xstrata, Norilsk Nickel, BHP Billiton, Eramet, and Vale.
In addition, the report contains forecast on consumption and production of nickel at the global level, based on a correlation between past market growth and growth drivers, such as stainless steel demand, industrial production performance etc. This will help the potential investors to identify the growth opportunities in the global nickel industry.
For more information visit: http://www.rncos.com/Report/IM604.htm
For more information visit: http://www.rncos.com/Report/IM604.htm
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