QYResearch: The Nickel Powder market is expected reach 3566 million USD by 2022
Nickel (atomic symbol: Ni, atomic number: 28) is a Block D, Group 4, Period 4 element with an atomic weight of 58.6934. In its elemental form, nickel has a lustrous metallic silver appearance. Nickel is a hard and ductile transition metal that is considered corrosion-resistant because of its slow rate of oxidation. Elemental Nickel. Nickel powder is a powder of nickel metal. Nickel powder is gray irregular powder, easily oxidized in moist air. Usually, it can be divided into two types: Carbonyl Nickel Powder and Electrolytic Nickel Powder.Different content of nickel and particle size have huge influence on the price of Nickel powder.
First, as for the global Nickel Powder industry, the industry structure is not concentrated. According to QYResearch, The top 5 manufacturers have 42.80% sales revenue market share in 2016. The Vale which has 14.16% market share in 2016, is the leader in the Nickel Powder industry. The manufacturers following MMC Norilsk Nickel, and BHP Billiton Ltd, which respectively has 10.85% and 7.57% market share globally.
Second, The global consumption of Nickel Powder products rises up from 171723 Tonnes in 2012 to 181605 Tonnes in 2014, while decrease from 181605 to 180248 Tonnes in 2015, because the overcapacity and nickel ore prices fluctuate.
Third, as for the Southeast Asia Nickel Powder market, it will still show optimistic trend, and technological trends in the market will shift dramatically. Downstream stainless steel market volatility on the price of nickel powder the greatest impact
Fourth, market growth for Nickel Powder is expected to grow at an average of 1.01% from 2017-2022, reaching 3566 million USD by 2022.
Finally, although sales of Nickel Powder products bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the Nickel Powder field hastily.
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