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    • Forecasting demand data for critical materials

    Metadata Updated: September 11, 2024

    Clean energy technologies (e.g., solar, wind, EVs) are vital in our transition to a decarbonized energy grid. Many clean energy technologies rely on critical materials that are prone to supply chain risks. As the demand for clean energy technologies grows, so will the demand for these critical materials. Anticipating critical material market dynamics becomes crucial for change makers in developing effective strategies to scale up the implementation of clean energy generating technologies. This project identified and analyzed three materials critical to a clean economy and subsequently determines demand quantities (till 2050) for these materials via the Bass Diffusion Model. This work presents three datasets, namely the demand forecasts for critical materials, Gallium, Indium and Cobalt. Historical demand data was collected from scientific literature and used to compute the Bass model parameters, p and q, i.e., the coefficients of innovation and adoption respectively. The market size, N was based on previous work and the mean is assumed to be 50 million strong (lower limit:33 million and upper limit: 67 million). The Bass model was applied for all three cases and demand data has been forecasted for Gallium, Indium and Cobalt.

    Access & Use Information

    Public: This dataset is intended for public access and use. License: See this page for license information.

    Downloads & Resources

    References

    https://doi.org/10.1016/j.procir.2024.01.009

    Dates

    Metadata Created Date September 11, 2024
    Metadata Updated Date September 11, 2024
    Data Update Frequency irregular

    Metadata Source

    Harvested from NIST

    Other Data Resources

    Additional Metadata

    Resource Type Dataset
    Metadata Created Date September 11, 2024
    Metadata Updated Date September 11, 2024
    Publisher National Institute of Standards and Technology
    Maintainer
    Identifier ark:/88434/mds2-3442
    Data First Published 2024-08-15
    Language en
    Data Last Modified 2024-07-25 00:00:00
    Category Manufacturing:Sustainable manufacturing
    Public Access Level public
    Data Update Frequency irregular
    Bureau Code 006:55
    Metadata Context https://project-open-data.cio.gov/v1.1/schema/data.json
    Schema Version https://project-open-data.cio.gov/v1.1/schema
    Catalog Describedby https://project-open-data.cio.gov/v1.1/schema/catalog.json
    Harvest Object Id 0f21ac1d-a9ef-4349-97b1-1c3b8c37df70
    Harvest Source Id 74e175d9-66b3-4323-ac98-e2a90eeb93c0
    Harvest Source Title NIST
    Homepage URL https://data.nist.gov/od/id/mds2-3442
    License https://www.nist.gov/open/license
    Program Code 006:045
    Related Documents https://doi.org/10.1016/j.procir.2024.01.009
    Source Datajson Identifier True
    Source Hash 636fc1dfa475f98d77c4222b29cb30b6fe7e4e9c339589015e34fc5d0446ee8e
    Source Schema Version 1.1

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