Nickel is a chemical element and the products containing nickel and nickel powder exhibit high corrosion resistance, enhanced toughness, and magnetic and electronic properties and with high strength at both high and low temperatures. Hence, it is used in a variety of applications such as batteries, alloying elements, and others, which is expected to aid in growth of the nickel powder market. Furthermore, increasing demand for stainless steel particularly in China, fuels growth of this market. According to World Steel Association, China is the largest steel producing country, producing 803.8 million metric tons in 2015 and it was increased to 808.4 million metric tons in 2016. However, nickel is a carcinogenic metal and its exposure may lead to various diseases such as lung cancer, neurological deficits, cardiovascular disease, and high blood pressure, which is expected to hinder growth of the nickel powder market.
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Some of the major market players operating in the global nickel powder market include Vale Mining Company, MMC Norilsk Nickel, Chemalloy, Jinchuan (USA) Inc., Sumitomo Metal Mining Co. Ltd., Nizi International, Jilin Jien Nickel Industry Co., Ltd., Sarda Industrial Enterprises, and others.
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