Latin America Nickel Mining Market Size & Outlook

The nickel mining market in Latin America is expected to reach a projected revenue of US$ 2,589.2 million by 2030. A compound annual growth rate of 6.3% is expected of Latin America nickel mining market from 2023 to 2030.
Revenue, 2022 (US$M)
$1,583.3
Forecast, 2030 (US$M)
$2,589.2
CAGR, 2023 - 2030
6.3%
Report Coverage
Latin America

Latin America nickel mining market highlights

  • The Latin America nickel mining market generated a revenue of USD 1,583.3 million in 2022.
  • The market is expected to grow at a CAGR of 6.3% from 2023 to 2030.
  • In terms of segment, stainless steel was the largest revenue generating end use in 2022.
  • Batteries is the most lucrative end use segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.

Latin America data book summary

Market revenue in 2022USD 1,583.3 million
Market revenue in 2030USD 2,589.2 million
Growth rate6.3% (CAGR from 2022 to 2030)
Largest segmentStainless steel
Fastest growing segmentBatteries
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBatteries, Stainless Steel, Non-Ferrous Alloys
Key market players worldwideVale SA ADR, Glencore PLC, BHP Group Ltd, Sumitomo Metal Mining Co Ltd, Sherritt International Corp, IGO Ltd, Eramet SA, Lundin Mining Corp, Nickel Asia Corp, Nornickel, Mincor Resources

Other key industry trends

  • In terms of revenue, Latin America region accounted for 3.1% of the global nickel mining market in 2022.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • North America is the fastest growing regional market and is projected to reach USD 7,252.2 million by 2030.

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Nickel Mining Market Scope

Nickel mining market segmentation & scope
Construction
Automotive & Transportation
Packaging
Consumer Products
Electrical
Others
Building & Construction
Transportation
Electrical & Electronics
Machinery & Equipment
Galvanizing
Coatings
Die-Cast Alloys
Oxides & Chemicals
Pigments & Other Compounds
Solders
Chemicals
Tinplate
Cemented Carbide
Steel & Alloys
Lighting & Electronic

Nickel Mining Market Companies

Name Profile # Employees HQ Website

Latin America nickel mining market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nickel mining market will help companies and investors design strategic landscapes.


Stainless steel was the largest segment with a revenue share of 69.45% in 2022. Horizon Databook has segmented the Latin America nickel mining market based on batteries, stainless steel, non-ferrous alloys covering the revenue growth of each sub-segment from 2018 to 2030.


  • Latin America Nickel Mining End Use Outlook (Revenue, USD Million, 2018-2030)
    • Construction
    • Automotive & Transportation
    • Packaging
    • Consumer Products
    • Electrical
    • Others
    • Building & Construction
    • Transportation
    • Electrical & Electronics
    • Machinery & Equipment
    • Galvanizing
    • Coatings
    • Die-Cast Alloys
    • Oxides & Chemicals
    • Batteries
    • Pigments & Other Compounds
    • Stainless Steel
    • Non-Ferrous Alloys
    • Solders
    • Chemicals
    • Tinplate
    • Cemented Carbide
    • Steel & Alloys
    • Lighting & Electronic

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Target buyers of Latin America nickel mining market databook

  • Our clientele includes a mix of nickel mining market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America nickel mining market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America nickel mining market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America nickel mining market size, by country, 2018-2030 (US$M)

Latin America Nickel Mining Market Outlook Share, 2022 & 2030 (US$M)

Latin America nickel mining market size, by country, 2018-2030 (US$M)

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