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The cobalt market is forecasted to grow by USD 9.16 billion during 2024-2029, accelerating at a CAGR of 12.9% during the forecast period. The report on the cobalt market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of electric vehicle industry, increasing demand for super alloys in aerospace industry, and rise in demand for lightweight materials.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The cobalt market is segmented as below:
By Type
- Cobalt sulfate
- Cobalt oxide
- Cobalt metal
By Application
- Batteries and electronics
- Super alloys
- Pigments
- Hard materials
- Others
By Form Factor
- Chemical compound
- Metal
- Purchased scrap
By End-user
- Electronics
- Automotive
- Aerospace
- Medical
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the cobalt market covers the following areas:
- Cobalt Market sizing
- Cobalt Market forecast
- Cobalt Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Application
10 Market Segmentation by Form Factor
11 Market Segmentation by End-user
12 Customer Landscape
13 Geographic Landscape
14 Drivers, Challenges, and Opportunity/Restraints
15 Competitive Landscape
16 Competitive Analysis
17 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global cobalt market: Ambatovy, Anglo American plc, BHP Group Ltd., China Group Ltd., Electra Battery Materials Corp., Eramet, Eurasian Resources Group Sarl, European Cobalt Ltd., Freeport McMoRan Inc., Glencore Plc, Huayou Cobalt Co. Ltd., Jervois Global Ltd., Missouri Cobalt LLC, MMG Ltd., PJSC MMC Norilsk Nickel, Red Rock Resources plc, Sherritt International Corp., Sumitomo Metal Mining Co. Ltd., Umicore SA, and Vale SA.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing cobalt mining projects."
According to the report, one of the major drivers for this market is the growth of electric vehicle industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ambatovy
- Anglo American plc
- BHP Group Ltd.
- China Group Ltd.
- Electra Battery Materials Corp.
- Eramet
- Eurasian Resources Group Sarl
- European Cobalt Ltd.
- Freeport McMoRan Inc.
- Glencore Plc
- Huayou Cobalt Co. Ltd.
- Jervois Global Ltd.
- Missouri Cobalt LLC
- MMG Ltd.
- PJSC MMC Norilsk Nickel
- Red Rock Resources plc
- Sherritt International Corp.
- Sumitomo Metal Mining Co. Ltd.
- Umicore SA
- Vale SA
