Primary Nickel Metal Market
Primary Nickel Metal Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Primary Nickel Metal Market Size and Growth
The primary nickel metal market is poised for growth, driven by increased demand in electric vehicle batteries and stainless steel production. In 2023, the global market size is estimated at approximately 2.5 million metric tons, with a compound annual growth rate projected at 4% through 2028, reflecting robust industrial applications and sustainability trends.
Companies Covered
(Covid 19 Impact Covered)
◍ BHP
◍ South32
◍ PT ANTAM Tbk
◍ Anglo American
◍ ERAMET
◍ Vale
◍ Nornickel
◍ Queensland Nickel
◍ Jinchuang
◍ Xstrata
◍ Sumitomo
◍ Jilin Jien Nickel
The primary nickel metal market features key players like BHP, South32, and Vale, focusing on sustainable mining and production. Companies enhance market growth through technological advancements and expanded capacities. Sales revenue figures include BHP with approximately $42 billion, Vale around $29 billion, and Norilsk Nickel near $20 billion annually.
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Market Segmentation
By Application
Stainless Steel
Nickel Alloy
Plating
Battery Material
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By Product
Nickel Minerals
Nickel Recovery
Market Growth
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$ X Billion USD
