What is the market size for the cobalt market?

The Market is expected to grow by $ 8.01 bn in 2024-2028. <a href='https://www.technavio.com/report/cobalt-market-industry-analysis'>Read More</a>

What is the CAGR for the cobalt market?

12.73% CAGR with $ 8.01 bn Momentum. <a href='https://www.technavio.com/report/cobalt-market-industry-analysis'>Read More</a>

What is the growth rate of the Cobalt Market market?

12.73% is the estimation year on year growth rate. <a href='https://www.technavio.com/report/cobalt-market-industry-analysis'>Read More</a>

Which region held the largest market share in the Cobalt Market market?

APAC with 68% of the market growth. <a href='https://www.technavio.com/report/cobalt-market-industry-analysis'>Read More</a>

Who are the prominent players in the Cobalt Market market?

Ambatovy, BHP Group plc, China Molybdenum Co. Ltd., COBALT CORP., ELECTRA BATTERY MATERIALS CORP., Eramet, European Cobalt Ltd., Freeport McMoRan Inc., Glencore Plc, Jervois Global .... <a href='https://www.technavio.com/report/cobalt-market-industry-analysis'>Read More</a>

Cobalt Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, India, Russia - Size and Forecast 2024-2028

Published: Feb 2024
Pages: 178
SKU: IRTNTR71663

Enjoy complimentary customisation on priority with our Enterprise License!

Cobalt Market Size 2024-2028

The cobalt market size is forecast to increase by USD 8.01 billion at a CAGR of 12.73% between 2023 and 2028. The market is experiencing significant growth due to the increasing adoption of renewable energy sources and the rise of batteries, particularly lithium-ion batteries, in various applications. The electric vehicle industry, including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), is a major driver of this market, as cobalt is a key component in the production of lithium-ion batteries. However, the harmful effects of cobalt mining, including environmental concerns and ethical issues, pose challenges to the market's sustainability. Additionally, the increasing demand for energy storage systems in consumer electronics and mobility applications further boosts the market growth. Emissions reduction initiatives and the push for sustainable transportation are also contributing to the market's expansion. Overall, the market is expected to continue its growth trajectory in the coming years, driven by the increasing demand for batteries and energy storage systems.

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global cobalt market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global cobalt market 2018 - 2022 ($ billion)

4.2 Type Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ billion)

4.3 Application Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Type - Market share 2023-2028 (%)

6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type

6.3 Cobalt sulfate - Market size and forecast 2023-2028
- Exhibit 34: Chart on Cobalt sulfate - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Cobalt sulfate - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Cobalt sulfate - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Cobalt sulfate - Year-over-year growth 2023-2028 (%)

6.4 Cobalt oxide - Market size and forecast 2023-2028
- Exhibit 38: Chart on Cobalt oxide - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Cobalt oxide - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Cobalt oxide - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Cobalt oxide - Year-over-year growth 2023-2028 (%)

6.5 Cobalt metal - Market size and forecast 2023-2028
- Exhibit 42: Chart on Cobalt metal - Market size and forecast 2023-2028 ($ billion)
- Exhibit 43: Data Table on Cobalt metal - Market size and forecast 2023-2028 ($ billion)
- Exhibit 44: Chart on Cobalt metal - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on Cobalt metal - Year-over-year growth 2023-2028 (%)

6.6 Market opportunity by Type
- Exhibit 46: Market opportunity by Type ($ billion)
- Exhibit 47: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Application

7.1 Market segments
- Exhibit 48: Chart on Application - Market share 2023-2028 (%)
- Exhibit 49: Data Table on Application - Market share 2023-2028 (%)

7.2 Comparison by Application
- Exhibit 50: Chart on Comparison by Application
- Exhibit 51: Data Table on Comparison by Application

7.3 Batteries and electronics - Market size and forecast 2023-2028
- Exhibit 52: Chart on Batteries and electronics - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Batteries and electronics - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Batteries and electronics - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Batteries and electronics - Year-over-year growth 2023-2028 (%)

7.4 Super alloys - Market size and forecast 2023-2028
- Exhibit 56: Chart on Super alloys - Market size and forecast 2023-2028 ($ billion)
- Exhibit 57: Data Table on Super alloys - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Chart on Super alloys - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Super alloys - Year-over-year growth 2023-2028 (%)

7.5 Pigments - Market size and forecast 2023-2028
- Exhibit 60: Chart on Pigments - Market size and forecast 2023-2028 ($ billion)
- Exhibit 61: Data Table on Pigments - Market size and forecast 2023-2028 ($ billion)
- Exhibit 62: Chart on Pigments - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on Pigments - Year-over-year growth 2023-2028 (%)

7.6 Hard materials - Market size and forecast 2023-2028
- Exhibit 64: Chart on Hard materials - Market size and forecast 2023-2028 ($ billion)
- Exhibit 65: Data Table on Hard materials - Market size and forecast 2023-2028 ($ billion)
- Exhibit 66: Chart on Hard materials - Year-over-year growth 2023-2028 (%)
- Exhibit 67: Data Table on Hard materials - Year-over-year growth 2023-2028 (%)

7.7 Others - Market size and forecast 2023-2028
- Exhibit 68: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 69: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 70: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 71: Data Table on Others - Year-over-year growth 2023-2028 (%)

7.8 Market opportunity by Application
- Exhibit 72: Market opportunity by Application ($ billion)
- Exhibit 73: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 75: Chart on Market share by geography 2023-2028 (%)
- Exhibit 76: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 77: Chart on Geographic comparison
- Exhibit 78: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2023-2028
- Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.4 North America - Market size and forecast 2023-2028
- Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.5 Europe - Market size and forecast 2023-2028
- Exhibit 87: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.6 South America - Market size and forecast 2023-2028
- Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.8 China - Market size and forecast 2023-2028
- Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)

9.9 US - Market size and forecast 2023-2028
- Exhibit 103: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on US - Year-over-year growth 2023-2028 (%)

9.10 Russia - Market size and forecast 2023-2028
- Exhibit 107: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
- Exhibit 108: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
- Exhibit 109: Chart on Russia - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on Russia - Year-over-year growth 2023-2028 (%)

9.11 India - Market size and forecast 2023-2028
- Exhibit 111: Chart on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 112: Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 113: Chart on India - Year-over-year growth 2023-2028 (%)
- Exhibit 114: Data Table on India - Year-over-year growth 2023-2028 (%)

9.12 Japan - Market size and forecast 2023-2028
- Exhibit 115: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 116: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 117: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 118: Data Table on Japan - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 119: Market opportunity by geography ($ billion)
- Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 121: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 122: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 123: Overview on factors of disruption

11.4 Industry risks
- Exhibit 124: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 125: Vendors covered

12.2 Market positioning of vendors
- Exhibit 126: Matrix on vendor position and classification

12.3 Ambatovy
- Exhibit 127: Ambatovy - Overview
- Exhibit 128: Ambatovy - Product / Service
- Exhibit 129: Ambatovy - Key offerings

12.4 BHP Group plc
- Exhibit 130: BHP Group plc - Overview
- Exhibit 131: BHP Group plc - Business segments
- Exhibit 132: BHP Group plc - Key offerings
- Exhibit 133: BHP Group plc - Segment focus

12.5 China Molybdenum Co. Ltd.
- Exhibit 134: China Molybdenum Co. Ltd. - Overview
- Exhibit 135: China Molybdenum Co. Ltd. - Product / Service
- Exhibit 136: China Molybdenum Co. Ltd. - Key offerings

12.6 ELECTRA BATTERY MATERIALS CORP.
- Exhibit 137: ELECTRA BATTERY MATERIALS CORP. - Overview
- Exhibit 138: ELECTRA BATTERY MATERIALS CORP. - Product / Service
- Exhibit 139: ELECTRA BATTERY MATERIALS CORP. - Key offerings

12.7 Eramet
- Exhibit 140: Eramet - Overview
- Exhibit 141: Eramet - Business segments
- Exhibit 142: Eramet - Key news
- Exhibit 143: Eramet - Key offerings
- Exhibit 144: Eramet - Segment focus

12.8 Eurasian Resources Group.
- Exhibit 145: Eurasian Resources Group. - Overview
- Exhibit 146: Eurasian Resources Group. - Product / Service
- Exhibit 147: Eurasian Resources Group. - Key offerings

12.9 European Cobalt Ltd.
- Exhibit 148: European Cobalt Ltd. - Overview
- Exhibit 149: European Cobalt Ltd. - Product / Service
- Exhibit 150: European Cobalt Ltd. - Key offerings

12.10 Freeport McMoRan Inc.
- Exhibit 151: Freeport McMoRan Inc. - Overview
- Exhibit 152: Freeport McMoRan Inc. - Business segments
- Exhibit 153: Freeport McMoRan Inc. - Key news
- Exhibit 154: Freeport McMoRan Inc. - Key offerings
- Exhibit 155: Freeport McMoRan Inc. - Segment focus

12.11 Glencore Plc
- Exhibit 156: Glencore Plc - Overview
- Exhibit 157: Glencore Plc - Business segments
- Exhibit 158: Glencore Plc - Key offerings
- Exhibit 159: Glencore Plc - Segment focus

12.12 Jervois Global Ltd.
- Exhibit 160: Jervois Global Ltd. - Overview
- Exhibit 161: Jervois Global Ltd. - Product / Service
- Exhibit 162: Jervois Global Ltd. - Key offerings

12.13 Missouri Cobalt LLC
- Exhibit 163: Missouri Cobalt LLC - Overview
- Exhibit 164: Missouri Cobalt LLC - Product / Service
- Exhibit 165: Missouri Cobalt LLC - Key offerings

12.14 Red Rock Resources plc
- Exhibit 166: Red Rock Resources plc - Overview
- Exhibit 167: Red Rock Resources plc - Product / Service
- Exhibit 168: Red Rock Resources plc - Key offerings

12.15 Sherritt International Corp.
- Exhibit 169: Sherritt International Corp. - Overview
- Exhibit 170: Sherritt International Corp. - Business segments
- Exhibit 171: Sherritt International Corp. - Key offerings
- Exhibit 172: Sherritt International Corp. - Segment focus

12.16 Sumitomo Metal Mining Co. Ltd.
- Exhibit 173: Sumitomo Metal Mining Co. Ltd. - Overview
- Exhibit 174: Sumitomo Metal Mining Co. Ltd. - Business segments
- Exhibit 175: Sumitomo Metal Mining Co. Ltd. - Key offerings
- Exhibit 176: Sumitomo Metal Mining Co. Ltd. - Segment focus

12.17 Umicore SA
- Exhibit 177: Umicore SA - Overview
- Exhibit 178: Umicore SA - Business segments
- Exhibit 179: Umicore SA - Key news
- Exhibit 180: Umicore SA - Key offerings
- Exhibit 181: Umicore SA - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 182: Inclusions checklist
- Exhibit 183: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 184: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 185: Research methodology
- Exhibit 186: Validation techniques employed for market sizing
- Exhibit 187: Information sources