Nickel Market Size To Hit USD 29.15 Billion By 2030
San Francisco, 9 December 2024: The Report Nickel Market Size, Share & Trends Analysis Report By Application (SS, Non-ferrous Alloys, Plating, Batteries), By Region (Asia Pacific, North America, MEA, Central & South America), And Segment Forecasts, 2023 - 2030 The global nickel market size is expected to reach USD 29.15 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% over the forecast period. The market is likely to be driven by investments in the stainless steel industry, as nickel is one of the key materials required for the production of stainless steel (SS). In September 2023, Jindal Stainless announced an investment of USD 1 billion in Rathi Super Steel to focus on the infrastructure sector. Earlier this year, Jindal acquired Rathi Super Steel for USD 2 billion and plans to expand the company’s production capacity from 150 kilotons to 200 kilotons. The company also aims to diversify its pr...