In 2021, stainless steel was the most major global use for nickel, accounting for over two thirds of the worldwide demand. By the year 2040, stainless steel production is still forecast to dominate the global demand for nickel, but at a much lower proportion. Meanwhile, batteries are projected to represent a 41 percent share of nickel demand by 2040, up from just seven percent in 2021.
Share of nickel demand worldwide in 2021 and a forecast for 2040, by end use
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Wood Mackenzie. (April 4, 2022). Share of nickel demand worldwide in 2021 and a forecast for 2040, by end use [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1351631/forecast-global-nickel-demand-share-by-end-use/
Wood Mackenzie. "Share of nickel demand worldwide in 2021 and a forecast for 2040, by end use." Chart. April 4, 2022. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1351631/forecast-global-nickel-demand-share-by-end-use/
Wood Mackenzie. (2022). Share of nickel demand worldwide in 2021 and a forecast for 2040, by end use. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1351631/forecast-global-nickel-demand-share-by-end-use/
Wood Mackenzie. "Share of Nickel Demand Worldwide in 2021 and a Forecast for 2040, by End Use." Statista, Statista Inc., 4 Apr 2022, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1351631/forecast-global-nickel-demand-share-by-end-use/
Wood Mackenzie, Share of nickel demand worldwide in 2021 and a forecast for 2040, by end use Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1351631/forecast-global-nickel-demand-share-by-end-use/ (last visited November 10, 2024)
Share of nickel demand worldwide in 2021 and a forecast for 2040, by end use [Graph], Wood Mackenzie, April 4, 2022. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1351631/forecast-global-nickel-demand-share-by-end-use/
