The nickel in the global automotive market is expected to reach $13.4 billion by 2023

   December 18, 2018
According to a new market report published by Lucintel, 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 reach an estimated $13.4 billion by 2023 with a CAGR of 24.5% from 2018 to 2023. The major growth drivers for this market are increasing penetration of nickel in engines, and the growth of electric vehicle production.

Browse 141 market data tables and 170 figures spread through 225 pages and in-depth TOC on “Nickel in the Global Automotive Market"

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In this market, different types of nickel in automotive such as exhaust systems, engines, and batteries are used as application. Lucintel forecasts that nickel for batteries is expected to become the largest application and witness the highest growth over the forecast period due to the increasing demand for nickel cathode batteries for electric vehicles.

Within this market, electric vehicles is expected to emerge as the largest segment and witness the highest growth over the forecast period due to increased electric vehicle production utilizing nickel content in nickel cobalt aluminum oxide (NCA) and nickel manganese cobalt oxide (NMC) batteries.

Asia Pacific is expected to remain the largest region and witness highest growth over the forecast period due to the growing electric vehicle production and increasing utilization of nickel in high-performance vehicle.

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. Vale, Nornickel, BHP Billiton, Jinchuan Group, Eramet and Sheritt and others are among the major nickel in automotive manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the nickel in the global automotive market by application, vehicle type, material type, and region and has come up with a comprehensive research report entitled  “Growth Opportunities for Nickel in the Global Automotive Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the nickel in the global automotive market by application, vehicle type, material type, and region as follows:

By Application ($ Million and kiloton from 2012 to 2023):

  • Exhaust System

  • Engine

  • Batteries

  • Others                                    

By Material Form ($ Million and kiloton from 2012 to 2023):

  • Steel Alloy

  • Nickel Alloy

  • Nickel Cathode

  • Cast Iron Alloy   

By Vehicle Type ($ Million and kiloton from 2012 to 2023):

  • Passenger Cars

  • Light Commercial Vehicles

  • Heavy Commercial Vehicles

  • Electric Vehicles   

 By Region [$M shipment analysis for 2012 – 2023]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • Russia

    • United Kingdom

    • Italy

    • Turkey

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Indonesia

  • The Rest of the World

    • Brazil

This 225-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

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