Navi Mumbai, Maharashtra India (PressExposure) June 21, 2011 -- The global nickel market overall has witnessed strong growth in production as well as consumption during 2010 after recovering from the economic downturn. During H2-2010, nickel market began recovering from the economic downturn and accounted for an increased demand levels. Although consumption levels increased across the world, China exhibited one of the largest growth rates. This phenomenal growth has made China, the world's largest consumer of nickel and the country is anticipated to account for a larger share in the coming years.
According to our latest research report "Global Nickel Market Analysis", nickel consumption is dominated by stainless steel sector, which accounts for more than half of the global consumption of nickel. This trend is likely to continue with robust stainless steel demand in near future. Strong demand from stainless steel producers will drive the buoyant global nickel market. As per our report, global nickel consumption is continuously increasing as it is used in more industrialized products. Moreover, it is anticipated that the global nickel consumption will grow at a CAGR of around 5% during 2011-2014.
Developing countries, such as China and India will play a major role in the growth of the global nickel industry in coming years. However, developed countries, such as the US and Germany will also witness strong demand in future as these countries have large and well developed automotive and aerospace industries.
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 by region, price movement, and supply & demand situation, which will help clients in analyzing the leading-edge opportunities critical for the success of the nickel industry at the global level as well as in major countries. Besides, our report provides the overview and financials of leading players like 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 in identifying the growth opportunities in the global nickel industry.
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