{"id":847856,"date":"2026-11-13T20:50:02","date_gmt":"2026-11-13T20:50:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=847856"},"modified":"2026-11-13T20:50:02","modified_gmt":"2026-11-13T20:50:02","slug":"nickel-market-forecast-2031-volume-to-reach-439-million-tons-as-stainless-steel-and-battery-demand-support-growth-reports-mordor-intelligence","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/nickel-market-forecast-2031-volume-to-reach-439-million-tons-as-stainless-steel-and-battery-demand-support-growth-reports-mordor-intelligence_847856.html","title":{"rendered":"Nickel Market Forecast 2031: Volume to Reach 4.39 million tons as Stainless Steel and Battery Demand Support Growth, Reports Mordor Intelligence"},"content":{"rendered":"
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\"Nickel<\/a><\/div>\n
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Nickel Market <\/div>\n<\/div>\n<\/div>\n
The latest research by Mordor Intelligence covers the \u201cNickel Market\u201d delivering insights into market dynamics, drivers of growth, and long-term forecasts.<\/div>\n

Hyderabad, India, November 13, 2026<\/strong><\/strong><\/p>\n

Nickel Market Overview<\/strong><\/p>\n

The global nickel market is experiencing steady volume growth, supported by its extensive use in stainless steel manufacturing, industrial alloys, electroplating, and electric vehicle batteries.<\/p>\n

According to Mordor Intelligence, the global nickel market<\/strong><\/a> size was estimated at 3.40 million tons in 2025 and is expected to grow from 3.55 million tons in 2026 to 4.39 million tons by 2031, at a CAGR of 4.36% during the forecast period.<\/p>\n

Stainless steel remains the primary source of nickel consumption, particularly across construction, automotive components, industrial equipment, and consumer appliances. Increasing stainless-steel production in China and Indonesia continues to support demand for nickel-bearing raw materials. At the same time, battery manufacturers are increasing investments in nickel processing facilities to secure battery-grade material for electric vehicle production.<\/p>\n

Emerging Trends Shaping the Nickel Market<\/strong><\/p>\n

Expansion of Low-Carbon Nickel Supply:<\/strong> Automakers and battery manufacturers are placing greater emphasis on traceable materials and lower lifecycle emissions. This is encouraging nickel producers to explore renewable energy integration and more transparent sourcing practices.<\/p>\n

Class II Nickel Oversupply:<\/strong> Expanding Indonesian nickel pig iron production has increased the availability of lower-grade nickel, putting pressure on benchmark prices and affecting the economics of higher-cost mining operations.<\/p>\n

Alternative Battery Chemistries:<\/strong> Greater adoption of lithium iron phosphate and sodium-ion batteries presents a demand challenge for nickel-rich battery chemistries, particularly in cost-sensitive electric vehicle segments.<\/p>\n

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Browse Japan Region Details Followed by TOC: <\/strong>https:\/\/www.mordorintelligence.com\/ja\/industry-reports\/nickel-market?utm_source=abnews<\/strong><\/a><\/p>\n

Nickel Market Segmentation<\/strong><\/p>\n

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By Application:<\/strong><\/p>\n