Global Primary Nickel Market 2018-2022| Increasing Production of Steel to Boost Growth| Technavio

analysts forecast the global primary nickel market to post a CAGR of
more than 2% during the forecast period, according to their latest
market research report.

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Technavio has published a new market research report on the global primary nickel market from 2018-2022. (Graphic: Business Wire)

Nickel recycling is one of the major trends being witnessed in the global
primary nickel market 2018-2022. Nickel is a high-value,
non-ferrous metal like copper, aluminum, and zinc. Due to its high value
as a commodity, efforts focused on efficient recovery and recycling of
the metal are in place. The extensive use of the metal in stainless
steel and nickel alloys increases the recyclability factor of nickel.
The enhanced durability of nickel-based materials implies that such
materials can be successfully converted into high-quality alternatives.
The recycling of nickel is a prospective solution to meet the growing
demand for the metal in various end-user segments.

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According to Technavio analysts, one of the key factors contributing to
the growth of the global primary nickel market is the increasing
production of stainless steel:

Global primary nickel market: Increasing
production of stainless steel

The increasing production of stainless steel is expected to drive the
growth of the global primary nickel market. The factors contributing to
the increased production of stainless steel include the use of stainless
steel bars in the construction sector, escalating rate of
industrialization, and rising focus on R&D. Increased investments in the
building and infrastructure segment, growing demand for automobiles,
high recyclability of stainless steel, and increasing popularity of
food-grade stainless steel contribute to the increased demand for
primary nickel.

According to a senior analyst at Technavio for research on specialty
chemicals, “Nickel imparts strength, temperature resistance, and
corrosion-resistance to stainless steel. Therefore, the significant
demand for stainless steel is likely to positively impact the growth of
the primary nickel market during the forecast period.”

Global primary nickel market: Market
segmentation and analysis

This global primary nickel market research report provides market
segmentation by end-user (engineering; transport; metal goods; tubular
products; electrical and electronics; architecture, building, and
construction; and others), by application (stainless steel and
non-stainless), and by region (the Americas, EMEA, and APAC). It
provides an in-depth analysis of the prominent factors influencing the
market, including drivers, opportunities, trends, and industry-specific

APAC held the largest share of the market in 2017, accounting for over
75%, followed by EMEA and the Americas respectively. However, the market
share of APAC projected to witness a small decline while the other two
regions will see a small increase in their market shares over the
forecast period.

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Technavio’s sample reports are free of charge and contain multiple
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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

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View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005495/en/