Rising Demand in the Manufacturing Processes to Propel the Demand for Unwrought Nickel Market
Added: (Thu Jan 17 2019)
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According to a new report published by Transparency Market Research, the unwrought nickel market will record significant growth owing to the rising demand in different manufacturing processes across the globe. The report titled, “Unwrought Nickel Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” anticipates that the global market will grow remarkably during the forecast period.
The purest and untreated form of nickel is known as unwrought nickel. Unwrought nickel is used on a large scale in alloys. It has purity level of more than 98%. The 2% of impurity is due to presence of certain elements such as sulfur, iron, copper, oxygen, and carbon. Unwrought nickel is being employed extensively in industries that require resistive heating such as nuclear, aerospace, and automotive specialty. Unwrought nickel is commercially available in a number of forms such as granules, powder or flakes, pellets, and electrodes (such as cathode).
Unwrought nickel is used in a wide range of applications from vehicles to construction. It is also used for the manufacturing of metals such as steel and iron. Pure form of nickel is used widely as a catalyst and in electrodes and electric contacts, machinery parts, spark plugs, and dental and surgical prostheses. Due to higher level of purity compared to other forms of nickel such as nickel matte, refined nickel metal, nickel alloys, and nickel alloy sinters; unwrought nickel is preferred for the formation of super alloys to be used for different manufacturing purposes.
Nickel is incorporated in a wide range of applications. However, utilization of unwrought nickel is less compared to other forms of nickel. Due to its high level of purity, unwrought nickel is used mostly for processes that require high monetary investments. Hence, the scope for growth of the unwrought nickel market is less compared to the market for other forms of nickel.
Some of the prominent players operating in the global unwrought nickel market are included in this report to give a better competitive analysis of the market and these are Qingdao Aero Investment Casting Co., Miller & Company, Nornickel, Glencore, Sumitomo Metal Mining Co., Ltd., ERAMET, and Anglo American.
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