Global Cobalt Market to Reach 301 Thousand Tons by 2030
The global market for Cobalt estimated at 134.7 Thousand Tons in the year 2022, is projected to reach a revised size of 301 Thousand Tons by 2030, growing at a CAGR of 10.6% over the analysis period 2022-2030. Batteries, one of the segments analyzed in the report, is projected to record 11.4% CAGR and reach 106.7 Thousand Tons by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Alloys segment is readjusted to a revised 12.7% CAGR for the next 8-year period.The U.S. Market is Estimated at 36.7 Thousand Tons, While China is Forecast to Grow at 16.4% CAGR
The Cobalt market in the U.S. is estimated at 36.7 Thousand Tons in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of 76.1 Thousand Tons by the year 2030 trailing a CAGR of 16.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 9.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.Select Competitors (Total 126 Featured) -
- China Molybdenum Co., Ltd.
- Glencore International AG
- Jinchuan Group International Resources Co., Ltd.
- PJSC MMC Norilsk Nickel
- Sherritt International Corporation
- Vale SA
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- Global competitiveness and key competitor percentage market shares
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Cobalt - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
4. GLOBAL MARKET PERSPECTIVE
- Table 1: World Recent Past, Current & Future Analysis for Cobalt by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2022 through 2030 and % CAGR
- Table 2: World Historic Review for Cobalt by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 3: World 16-Year Perspective for Cobalt by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
- Table 4: World Recent Past, Current & Future Analysis for Pigments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2022 through 2030 and % CAGR
- Table 5: World Historic Review for Pigments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 6: World 16-Year Perspective for Pigments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 7: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2022 through 2030 and % CAGR
- Table 8: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 9: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 10: World Recent Past, Current & Future Analysis for Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2022 through 2030 and % CAGR
- Table 11: World Historic Review for Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 12: World 16-Year Perspective for Batteries by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 13: World Recent Past, Current & Future Analysis for Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2022 through 2030 and % CAGR
- Table 14: World Historic Review for Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 15: World 16-Year Perspective for Alloys by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 16: World Recent Past, Current & Future Analysis for Tool Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2022 through 2030 and % CAGR
- Table 17: World Historic Review for Tool Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 18: World 16-Year Perspective for Tool Materials by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 19: World Recent Past, Current & Future Analysis for Magnets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2022 through 2030 and % CAGR
- Table 20: World Historic Review for Magnets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 21: World 16-Year Perspective for Magnets by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 22: World Recent Past, Current & Future Analysis for Soaps by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2022 through 2030 and % CAGR
- Table 23: World Historic Review for Soaps by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 24: World 16-Year Perspective for Soaps by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 25: World Cobalt Market Analysis of Annual Sales in Tons for Years 2014 through 2030
UNITED STATES
- Cobalt Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- Table 26: USA Recent Past, Current & Future Analysis for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications - Independent Analysis of Annual Sales in Tons for the Years 2022 through 2030 and % CAGR
- Table 27: USA Historic Review for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 28: USA 16-Year Perspective for Cobalt by Application - Percentage Breakdown of Value Sales for Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications for the Years 2014, 2023 & 2030
CANADA
- Table 29: Canada Recent Past, Current & Future Analysis for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications - Independent Analysis of Annual Sales in Tons for the Years 2022 through 2030 and % CAGR
- Table 30: Canada Historic Review for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 31: Canada 16-Year Perspective for Cobalt by Application - Percentage Breakdown of Value Sales for Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications for the Years 2014, 2023 & 2030
JAPAN
- Cobalt Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- Table 32: Japan Recent Past, Current & Future Analysis for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications - Independent Analysis of Annual Sales in Tons for the Years 2022 through 2030 and % CAGR
- Table 33: Japan Historic Review for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 34: Japan 16-Year Perspective for Cobalt by Application - Percentage Breakdown of Value Sales for Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications for the Years 2014, 2023 & 2030
CHINA
- Cobalt Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- Table 35: China Recent Past, Current & Future Analysis for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications - Independent Analysis of Annual Sales in Tons for the Years 2022 through 2030 and % CAGR
- Table 36: China Historic Review for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 37: China 16-Year Perspective for Cobalt by Application - Percentage Breakdown of Value Sales for Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications for the Years 2014, 2023 & 2030
EUROPE
- Cobalt Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- Table 38: Europe Recent Past, Current & Future Analysis for Cobalt by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in Tons for Years 2022 through 2030 and % CAGR
- Table 39: Europe Historic Review for Cobalt by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 40: Europe 16-Year Perspective for Cobalt by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2023 & 2030
- Table 41: Europe Recent Past, Current & Future Analysis for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications - Independent Analysis of Annual Sales in Tons for the Years 2022 through 2030 and % CAGR
- Table 42: Europe Historic Review for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 43: Europe 16-Year Perspective for Cobalt by Application - Percentage Breakdown of Value Sales for Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications for the Years 2014, 2023 & 2030
FRANCE
- Cobalt Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- Table 44: France Recent Past, Current & Future Analysis for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications - Independent Analysis of Annual Sales in Tons for the Years 2022 through 2030 and % CAGR
- Table 45: France Historic Review for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 46: France 16-Year Perspective for Cobalt by Application - Percentage Breakdown of Value Sales for Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications for the Years 2014, 2023 & 2030
GERMANY
- Cobalt Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- Table 47: Germany Recent Past, Current & Future Analysis for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications - Independent Analysis of Annual Sales in Tons for the Years 2022 through 2030 and % CAGR
- Table 48: Germany Historic Review for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 49: Germany 16-Year Perspective for Cobalt by Application - Percentage Breakdown of Value Sales for Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications for the Years 2014, 2023 & 2030
ITALY
- Table 50: Italy Recent Past, Current & Future Analysis for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications - Independent Analysis of Annual Sales in Tons for the Years 2022 through 2030 and % CAGR
- Table 51: Italy Historic Review for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 52: Italy 16-Year Perspective for Cobalt by Application - Percentage Breakdown of Value Sales for Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications for the Years 2014, 2023 & 2030
UNITED KINGDOM
- Cobalt Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- Table 53: UK Recent Past, Current & Future Analysis for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications - Independent Analysis of Annual Sales in Tons for the Years 2022 through 2030 and % CAGR
- Table 54: UK Historic Review for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 55: UK 16-Year Perspective for Cobalt by Application - Percentage Breakdown of Value Sales for Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications for the Years 2014, 2023 & 2030
SPAIN
- Table 56: Spain Recent Past, Current & Future Analysis for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications - Independent Analysis of Annual Sales in Tons for the Years 2022 through 2030 and % CAGR
- Table 57: Spain Historic Review for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 58: Spain 16-Year Perspective for Cobalt by Application - Percentage Breakdown of Value Sales for Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications for the Years 2014, 2023 & 2030
RUSSIA
- Table 59: Russia Recent Past, Current & Future Analysis for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications - Independent Analysis of Annual Sales in Tons for the Years 2022 through 2030 and % CAGR
- Table 60: Russia Historic Review for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 61: Russia 16-Year Perspective for Cobalt by Application - Percentage Breakdown of Value Sales for Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications for the Years 2014, 2023 & 2030
REST OF EUROPE
- Table 62: Rest of Europe Recent Past, Current & Future Analysis for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications - Independent Analysis of Annual Sales in Tons for the Years 2022 through 2030 and % CAGR
- Table 63: Rest of Europe Historic Review for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 64: Rest of Europe 16-Year Perspective for Cobalt by Application - Percentage Breakdown of Value Sales for Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications for the Years 2014, 2023 & 2030
ASIA-PACIFIC
- Cobalt Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- Table 65: Asia-Pacific Recent Past, Current & Future Analysis for Cobalt by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in Tons for Years 2022 through 2030 and % CAGR
- Table 66: Asia-Pacific Historic Review for Cobalt by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 67: Asia-Pacific 16-Year Perspective for Cobalt by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2023 & 2030
- Table 68: Asia-Pacific Recent Past, Current & Future Analysis for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications - Independent Analysis of Annual Sales in Tons for the Years 2022 through 2030 and % CAGR
- Table 69: Asia-Pacific Historic Review for Cobalt by Application - Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications Markets - Independent Analysis of Annual Sales in Tons for Years 2014 through 2021 and % CAGR
- Table 70: Asia-Pacific 16-Year Perspective for Cobalt by Application - Percentage Breakdown of Value Sales for Batteries, Alloys, Tool Materials, Pigments, Magnets, Soaps and Other Applications for the Years 2014, 2023 & 2030
AUSTRALIA
- Cobalt Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
- Cobalt Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
LATIN AMERICA
- Cobalt Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
MIDDLE EAST
- Cobalt Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
AFRICA
- Cobalt Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- China Molybdenum Co., Ltd.
- Glencore International AG
- Jinchuan Group International Resources Co., Ltd.
- PJSC MMC Norilsk Nickel
- Sherritt International Corporation
- Vale SA
