Regional Analysis
North America is expected to be the largest market in terms of revenue share, over the forecast period. This is attributed to growing usage of nickel powder in alloys, and stainless steel in the U.S. and Canada. According to United States Geological Survey, approximately 45% of the nickel consumed was utilized in alloy steel and stainless steel production in the U.S. and produced 1.64 million tons of stainless steel (nickel bearing) in 2014, was 8% more from 2013.
Asia Pacific is fastest growing region in the global nickel powder market over the forecast period, owing to increasing demand for stainless steel for various end use industries such as food and catering, automotive, energy and heavy industries, and others in emerging economies such as China. According to Department of Industry, Innovation and Science — a department of the Australian Government — China is the largest market for nickel accounted for the 65% of nickel consumption in the world. The stainless steel production in China was 25 million tons in 2016, which was increased by 16% whereas, Japan was second largest market for stainless steel production accounting for 3.3 million tons in 2016.
U.S.: 
U.K. : 
India : 