Metals & Alloys · Direct
Monitoring · monthlyProcurement Category Intelligence
Nickel
Overview
Market size
$35
global, USD
CAGR
5.2%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
6
tracked players
Signals
12
1 high severity
Market outlook
2031$45
What changed
Demand by region
China demand55%
Europe demand15%
North America demand12%
Rest of Asia demand10%
Rest of world demand8%
share of global demandtotal 100%
Cost drivers
Mining extraction and utilities35%
Energy and smelting processing30%
Feedstocks and chemical reagents15%
Inbound and outbound logistics12%
Labor and compliance overhead8%
share of delivered cost (analyst estimate)