Lucintel Forecasts Nickel in the Global Automotive Market to Reach $27.2 Billion by 2025

Market-Research

According to the recent study the nickel in the global automotive market is projected to reach an estimated $27.2 billion by 2025 from $4.8 billion in 2019, at a CAGR of 33.4% from 2020 to 2025. Growth in this market is primarily driven by increasing penetration of nickel in engines, and the growth of electric vehicle production.

Browse 170 figures / charts and 141 tables in this 225 -page report to understand trends, opportunities and forecast in nickel in the global automotive market by application (exhaust systems, engines, and batteries), by vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles, and electric vehicles), by alloy type (steel alloy, nickel alloy, nickel cathode, and cast iron alloy) and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link – https://www.lucintel.com/nickel-in-the-global-automotive-market.aspx

“Batteries market is expected to remain the largest segment during the forecast period.”

Based on application, the nickel in the global automotive market is segmented into exhaust systems, engines, and batteries. Lucintel forecasts that the batteries in the global automotive is expected to witness the largest segment over the forecast period and witness highest growth over the forecast period due to the increasing demand for nickel cathode batteries for electric vehicles.

“Within the nickel in the global automotive market, the electric vehicles segment is expected to remain the largest vehicle type”

Based on vehicle type, the electric vehicles segment is expected to witness the largest vehicle type over the forecast period 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 will dominate the nickel in the global automotive market in near future”

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

Download Brochure of this report by clicking on https://www.lucintel.com/nickel-in-the-global-automotive-market.aspx

Major players of nickel in the global automotive market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Vale, Nornickel, BHP Billiton, Jinchuan Group, Eramet and Sheritt and othersy and others are among the major nickel in the global automotive providers.

This unique 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 https://www.lucintel.com/nickel-in-the-global-automotive-market.aspx or helpdesk@lucintel.com

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. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
Related reports

Automotive Under the Hood Plastic Market:

For more details click here https://www.lucintel.com/automotive-under-hood-plastic-market.aspx

Titanium in the Global Automotive Market:

For more details click here https://www.lucintel.com/titanium-in-automotive-market.aspx

Automotive Radiator Fan Market:

For more details click here https://www.lucintel.com/automotive-radiator-fan-market.aspx

Automotive AHSS Market:

For more details click here https://www.lucintel.com/automotive-ahss-market.aspx

Molybdenum in the Automotive Market:

For more details click here https://www.lucintel.com/molybdenum-automotive-market.aspx

Automotive Lightweight Materials Market:

For more details click here https://www.lucintel.com/automotive-lightweight-materials-market.aspx