Product Code: ETC008144 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Nickel market currently, in 2023, has witnessed an HHI of 1061, Which has decreased slightly as compared to the HHI of 1362 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The India nickel market is expected to grow at a CAGR of 4.8% during the forecast period 2025-2031 and reach a value of USD 33.4 billion by 2031. Nickel is primarily used in steel production as an alloying element, which further increases its strength and corrosion resistance properties, making it suitable for industrial applications such as chemical processing and marine engineering components. India`s growing automotive sector is one of the key drivers for the growth of this market over the forecast period, with increasing demand from both domestic sales and exports adding fuel to this growth trend. Additionally, increasing government initiatives towards promoting investments in infrastructure development and rising consumer spending are also some other factors responsible for driving growth within this industry over the near future.
1) Growing Automotive Sector ? The Indian automotive industry has been experiencing significant growth over recent years due to increased investment by both domestic players as well as foreign manufacturers looking to capitalise on potential synergies between countries like India and China who have similar manufacturing capabilities but vastly different levels of consumption power when compared globally; thus providing them with ample room for cost effective production processes that can be competitively exported worldwide without losing out much on margins or quality standards. This factor coupled with increased consumer spending fuelling domestic sales has enabled steady demand rise within this sector which in turn leads to higher usage rates among downstream industries like manufacturing where nickel finds application across various products/components ranging from electrical equipment & fixtures all way through weapons & defense systems etc., thus presenting lucrative opportunities for associated players throughout entire value chain ecosystem including raw materials suppliers like producers/refiners/traders etc.
2) Government Initiatives ? The Indian government has taken several initiatives aimed at boosting economic activity in order provide better job opportunities while opening up avenues towards industrialisation thereby leading towards greater GDP contributions in form taxes collected via businesses operating within country etc., Such measures have resulted into increase funding allocations directed towards infrastructure projects which involve large scale construction activities involving heavy machinery operations requiring superior grade alloys containing significant amounts of nickel; leading ultimately resulting into increased usage rates among associated sectors producing these goods eventually pushing overall regional consumptions figures upwards creating another source sustainable revenue streams amongst stakeholders involved hereinperiod being discussed herewith.
1) Volatility In Global Prices - Fluctuations seen global commodity prices tend create certain amount uncertainty amongst investors owing their inability accurately predict outcomes based changing external environment highly unpredictable nature same , This adds
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Nickel Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Nickel Market Revenues & Volume, 2021 & 2031F |
3.3 India Nickel Market - Industry Life Cycle |
3.4 India Nickel Market - Porter's Five Forces |
3.5 India Nickel Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Nickel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Nickel Market Trends |
6 India Nickel Market, By Types |
6.1 India Nickel Market, By Applications |
6.1.1 Overview and Analysis |
6.1.2 India Nickel Market Revenues & Volume, By Applications, 2021-2031F |
6.1.3 India Nickel Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.1.4 India Nickel Market Revenues & Volume, By Super Magnets, 2021-2031F |
6.1.5 India Nickel Market Revenues & Volume, By Electroplating Chemicals, 2021-2031F |
6.1.6 India Nickel Market Revenues & Volume, By Rechargeable Batteries, 2021-2031F |
6.1.7 India Nickel Market Revenues & Volume, By Others, 2021-2031F |
7 India Nickel Market Import-Export Trade Statistics |
7.1 India Nickel Market Export to Major Countries |
7.2 India Nickel Market Imports from Major Countries |
8 India Nickel Market Key Performance Indicators |
9 India Nickel Market - Opportunity Assessment |
9.1 India Nickel Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Nickel Market - Competitive Landscape |
10.1 India Nickel Market Revenue Share, By Companies, 2024 |
10.2 India Nickel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |