Global demand for nickel is being primarily driven by the rising production of stainless steel in emerging economies. The global nickel market is projected to reach 2.46 million tons by the year 2015.

San Jose, CA (PRWEB) November 10, 2008 -- A surge in production and supply of stainless steel products in Asian countries such as China and India is expected to drive up demand for nickel. Although Japan and European countries have cut back on stainless steel production, China is fast emerging as the largest producer of stainless steel. The market is also witnessing rise in consolidations with bigger companies on a spree to acquire smaller players. The consolidation trend is expected to create few large players in the nickel market who would be able to respond quickly to market conditions and be able to serve the market better. This would in turn lead to stabilization of the nickel supply in the world.

Europe and Asia-Pacific account for over 72% of the global nickel market, as stated by Global Industry Analysts, Inc. Nickel sales in Asia-Pacific are likely to post a CAGR of over 11% over the period 2001-2010. Stainless steel represents the largest and fastest growing end-use market for nickel. Demand for nickel in stainless steel production in Europe is forecast to reach 409.7 thousand tons by the year 2010.

Leading market participants profiled include Allegiance Mining, Anglo American, BHP Billiton, Eramet SA, Jilin Jien Nickel Industry, Minara Resources Limited, Mincor Resources NL, OJSC MMC Norilsk Nickel, Outokumpu OYJ, PT International Nickel Indonesia, S·Science Company, Societe Le Nickel, Special Metals Corporation, Sumitomo Metal Mining, Tectonic Resources, Vale Inco Limited, Xstrata, Xstrata Nickel Australia Pty Limited, First Nickel, Jinchuan Group, Western Areas, Fox Resources and Loma de Niquel.

The report titled "Nickel: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, players, competition, end-use applications, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets including the United States, Canada, Japan, France, Germany, Italy, the UK, Spain, Russia, Asia-Pacific and Latin America for the period 1991-2015. Analytics are provided in terms of end-use segments including Stainless Steel, Other Alloy Steels, Cast Iron, Alloys and Castings, and Electroplating.

For more details about this research report, please visit http://www.strategyr.com/Nickel_Mark... .

About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site http://www.StrategyR.com/

http://www.prweb.com/releases/nickel...