Nickel is a chemical element and the products containing nickel and nickel powder exhibit high corrosion resistance, enhanced toughness, and magnetic and electronic properties and with high strength at both high and low temperatures. Hence, it is used in a variety of applications such as batteries, alloying elements, and others, which is expected to aid in growth of the nickel powder market.

Nickel Powder-Market Taxonomy
On the basis of type, nickel powder market is segmented into:
• Electrolytic Nickel Powder
• Carbonyl Nickel Powder
On the basis of process type, nickel powder market is segmented into:
• Carbonyl Vapormetallurgy Process
• Hydrometallurgical Sherritt Process
On the basis of application, nickel powder market is segmented into:
• Stainless Steel
• Alloy
• Electroplate & Battery
• Foundry

Nickel Powder - Market Outlook
• North America is expected to be the largest market in terms of revenue share, over the forecast period. This is attributed to growing usage of nickel powder in alloys, and stainless steel in the U.S. and Canada. According to United States Geological Survey, approximately 45% of the nickel consumed was utilized in alloy steel and stainless steel production in the U.S. and produced 1.64 million tons of stainless steel (nickel bearing) in 2014, was 8% more from 2013.

• Asia Pacific is fastest growing region in the global nickel powder market over the forecast period, owing to increasing demand for stainless steel for various end use industries such as food and catering, automotive, energy and heavy industries, and others in emerging economies such as China.

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Major Keyplayers: Vale Mining Company, MMC Norilsk Nickel, Chemalloy, Jinchuan (USA) Inc., Sumitomo Metal Mining Co. Ltd., Nizi International, Jilin Jien Nickel Industry Co., Ltd., Sarda Industrial Enterprises.

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