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
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Wood Mackenzie. (April 4, 2022). Share of nickel demand worldwide in 2021 and a forecast for 2040, by end use [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/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 December 30, 2024. https://www.statista.com/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: December 30, 2024. https://www.statista.com/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/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/statistics/1351631/forecast-global-nickel-demand-share-by-end-use/ (last visited December 30, 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/statistics/1351631/forecast-global-nickel-demand-share-by-end-use/
