Global Cobalt Market 2024-2028

Description

List of Tables

The cobalt market is forecasted to grow by USD 8.01 bn during 2023-2028, accelerating at a CAGR of 12.73% 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.

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 the growth of the electric vehicle industry, increasing demand for superalloys in the aerospace industry, and a rise in demand for lightweight materials.

Technavio's cobalt market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	12.23%
CAGR	12.73%
Incremental Value	$8.01bn

By Type

Cobalt sulfate
Cobalt oxide
Cobalt metal

By Application

Batteries and electronics
Super alloys
Pigments
Hard materials
Others

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the increasing number of cobalt mining projects as one of the prime reasons driving the cobalt market growth during the next few years. Also, the growing focus on renewable energy and the rising recyclability of cobalt will lead to sizable demand in the market.

The report on the cobalt market covers the following areas:

Cobalt market sizing
Cobalt market forecast
Cobalt market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cobalt market vendors that include 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 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, Zhejiang Huayou Cobalt Co. Ltd., and Eurasian Resources Group.. Also, the cobalt market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 and an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through 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.

Product Code: IRTNTR71663

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global cobalt market 2018 - 2022
4.2 Type Segment Analysis 2018 - 2022
4.3 Application Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments
6.2 Comparison by Type
6.3 Cobalt sulfate - Market size and forecast 2023-2028
6.4 Cobalt oxide - Market size and forecast 2023-2028
6.5 Cobalt metal - Market size and forecast 2023-2028
6.6 Market opportunity by Type

7 Market Segmentation by Application

7.1 Market segments
7.2 Comparison by Application
7.3 Batteries and electronics - Market size and forecast 2023-2028
7.4 Super alloys - Market size and forecast 2023-2028
7.5 Pigments - Market size and forecast 2023-2028
7.6 Hard materials - Market size and forecast 2023-2028
7.7 Others - Market size and forecast 2023-2028
7.8 Market opportunity by Application

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
9.4 North America - Market size and forecast 2023-2028
9.5 Europe - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 Middle East and Africa - Market size and forecast 2023-2028
9.8 China - Market size and forecast 2023-2028
9.9 US - Market size and forecast 2023-2028
9.10 Russia - Market size and forecast 2023-2028
9.11 India - Market size and forecast 2023-2028
9.12 Japan - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Ambatovy
12.4 BHP Group plc
12.5 China Molybdenum Co. Ltd.
12.6 ELECTRA BATTERY MATERIALS CORP.
12.7 Eramet
12.8 Eurasian Resources Group.
12.9 European Cobalt Ltd.
12.10 Freeport McMoRan Inc.
12.11 Glencore Plc
12.12 Jervois Global Ltd.
12.13 Missouri Cobalt LLC
12.14 Red Rock Resources plc
12.15 Sherritt International Corp.
12.16 Sumitomo Metal Mining Co. Ltd.
12.17 Umicore SA

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations