Nickel Market 2015 – 2019: Worldwide Forecasts Report

Global Nickel Market 2015-2019 report is the latest addition to RnRMarketResearch.com industry research reports collection. The report is about 79 pages and provides Table of Contents; the report is published in Nov -2015.

Global nickel market to grow at a CAGR of around 5% during the forecast period. The high demand for nickel in the transportation sector is driving the growth of this market. Nickel is used in the development of urban transportation such as sky buses, monorails, metro rail, and buses.

Complete report available http://www.rnrmarketresearch.com/global-nickel-market-2015-2019-market-report.html

The discovery of newer substitutes that can replace nickel in a variety of applications is expected to deter the growth of the market. For instance, elements such as chromium are being used in the manufacture of stainless steel. Nickel is being substituted with titanium alloys to limit corrosion in piping that is used for the power and petroleum industries. These alternatives are anticipated to decrease the sales of nickel and limit the market growth during the forecast period.

Segmentation by application and analysis of the nickel market

• Stainless steels and alloy steel

• Non-ferrous alloys and super alloys

• Electroplating

Nickel is used in the manufacturing of stainless steel and alloy steel. This segment accounted for 45% of the market share during 2014 and is anticipated to grow at a rate of 5% during the forecast period. Nickel is used in most grades of stainless steel due to the strength that is imparted to the steel, which can then be used in construction. Nickel can also handle cryogenic and elevated temperatures.

Purchase a Copy of the Report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=439967 (Single User License - US $2500)

Segmentation by end user and analysis of the nickel market

• Transportation and defense

• Fabricated metal products

• Electrical equipment

• Chemical industry

• Petroleum industries

•...