Nickel In The Global Automotive Market Is Expected To Reach An Estimated $85 Million By 2030

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of nickel in the global automotive market looks promising with opportunities in the exhaust system, engine, and batteries markets. Nickel in the global automotive market is expected to reach an estimated $85 million by 2030 from $82 million in 2023 at a CAGR of 3% from 2023 to 2030. The major drivers for this market are increasing penetration of nickel in engines and growth of electric vehicle production.
In this market, steel alloy, nickel alloy, nickel cathode, and cast-iron alloy are the major segments of nickel in the automotive market by type.
Lucintel forecasts that steel alloy is expected to witness the highest growth over the forecast period.
Within this market, battery will remain the largest segment.
Download sample by clicking on nickel in the global automotive market.
APAC is expected to witness the highest growth over the forecast period.
Vale, Nornickel, BHP Billiton, Jinchuan Group, and Eramet are the major suppliers of nickel in the automotive market.
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About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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