Global Cobalt Market Research Report: Forecast (2024-2030)

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Global Cobalt Market Size and Share Analysis with
Leading Key Players Forecast 2030
The Global Cobalt Market size is estimated to
grow at a CAGR of around 6.2 during the forecast
period, i.e., 2024-30
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Market Insights

• The Global Cobalt Market size is estimated to
  grow at a CAGR of around 6.2 during the forecast
  period, i.e., 2024-30. The growing demand for
  electric vehicles is expected to increase the
  consumption of cobalt during the forecast period.
  The lithium-nickel-manganese-cobalt-oxide (NMC)
  batteries are often referred to as cobalt
  batteries. The cobalt used in batteries of
  laptops and smartphones positively impacts the
  market growth. The cobalt-based super-alloys are
  most often used in jet engines, gas turbine
  aircraft engines, and rocket motors, due to their
  stability at high temperatures.
• The cobalt industry is also aided by the growing
  demand for metal in the production of high-speed
  cutting tools for cutting diamonds, which is
  extremely hard. The cobalt is used as a catalyst
  for many industrial applications such as removing
  sulfur moieties from petroleum and natural gas
  products. In recent years, lithium-ion batteries
  for electric vehicles (EVs) are increasingly
  driving the cobalt market and are likely to boost
  the market in the forecast period as well.

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Global Cobalt Market Leading key players

• Glencore Plc., Missouri Cobalt, Jinchuan Group
  International Ltd., CMOC Group, Eurasian
  Resources Group, Huayou Cobalt, Sumitomo Cobalt
  Mining, Cobalt Blue Holdings, Panoramic Resources
  Ltd., Sherritt International, Nornickel, Nickel
  28 Capital Corp., Groupe Managem, Carter Alloy
  Company, Others

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Global Cobalt Market Segmentation Analysis

• By Application (Battery Chemicals, Super Alloys,
  Catalyst, Ceramics Pigments, Binder Materials),
  
• By Form (Chemical Compound, Metal, Purchased
  Scrap),
• By End User (Electronics, Aerospace, Automotive,
  Chemical, Pharmaceutical, Others),
• By Region (North America, South America, Europe,
  The Middle East Africa, Asia-Pacific)

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Major Target Areas
Low Focus Geographies

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