The future of nickel in the global automotive market looks promising with opportunities for passenger cars and commercial and electric vehicles. Nickel in the global automotive market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $27.2 billion by 2025 with a CAGR of 32% to 34% from 2020 to 2025. The major growth drivers for this market are increasing penetration of nickel in engines, and the growth of electric vehicle production.

 

Emerging trends, which have a direct impact on the dynamics for nickel in the global automotive market by industry, include development of nickel alloy foam and increased nickel content in electric vehicle batteries. 

 

A total of 170 figures / charts and 141 tables are provided in this 225 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this nickel in the global automotive market report download the report brochure.

 

In this market, exhaust system is the largest application, whereas steel alloy is the largest by material. Growth in various segments of the nickel in the global automotive market are given below:

Nickel in the Global Automotive Market by Segments