According to our latest research report “Global Nickel Market Analysis”, the global nickel industry is witnessing a positive growth due to the rise in production and increased demand for nickel across the world. The global demand for nickel is primarily being driven by the rising production of stainless steel in emerging economies. Moreover, the metal is used across every sector of industrial development; thus, the demand for nickel is rising stupendously. Moreover, it is anticipated that, the global nickel consumption will grow at a CAGR of around 5% during 2011-2014.
As per the report, rapid urbanization in the developing nations has led to a huge demand for stainless steel products. Nickel is primarily used in the production of stainless steel and stainless steel accounted for over 60% of the global nickel consumption in 2009 due to its superior thermal resistance properties. As per our findings, China accounts for the highest nickel consumption in the world due to the high demand for nickel-based stainless steel in the country.
Further, at the global front, Asia accounted for around 61% of the global nickel consumption in 2009. Nickel consumption increased strongly in Asia during 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. Besides, we have provided information regarding 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 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. 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 |
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