Global Cobalt Market Growth Forecast Report 2025-2031
On Oct 13, the latest report "Global Cobalt Market 2025 by Manufacturers, Regions, Types and Applications, Forecast to 2031" from Global Info Research provides a detailed and comprehensive analysis of the global Cobalt market. The report provides both quantitative and qualitative analysis by manufacturers, regions and countries, types and applications. As the market is constantly changing, this report explores market competition, supply and demand trends, and key factors that are causing many market demand changes. The report also provides company profiles and product examples of some of the competitors, as well as market share estimates for some of the leading players in 2025.
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According to our (Global Info Research) latest study, the global Cobalt market size was valued at US$ 11140 million in 2024 and is forecast to a readjusted size of USD 18710 million by 2031 with a CAGR of 8.0% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Cobalt is a hard, lustrous, silver-gray metal. It is found only in chemically combined form in the Earth's crust, so cobalt metal is extracted by human from cobalt ore.
The cobalt market is a strategically vital component of the global metals industry, largely due to cobalt's essential role in the production of rechargeable lithium-ion batteries. These batteries power a wide range of applications, from smartphones and laptops to electric vehicles (EVs) and energy storage systems. As the world accelerates its transition toward clean energy and electric mobility, demand for cobalt has intensified, positioning it as a critical mineral in the push for decarbonization. Beyond batteries, cobalt is also used in high-performance alloys, catalysts, and magnets, supporting industries such as aerospace, defense, and chemical processing.
However, the cobalt market faces notable challenges tied to supply chain concentration and ethical sourcing concerns. A significant portion of global cobalt production originates from the Democratic Republic of the Congo, where issues related to labor practices, environmental degradation, and geopolitical risk are under increasing scrutiny. These factors have spurred efforts to diversify supply through recycling, new mining projects in other regions, and research into cobalt-free battery technologies. As a result, while demand for cobalt remains strong, the market is evolving under pressure to ensure both sustainability and supply security.
This report is a detailed and comprehensive analysis for global Cobalt market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approval.
Cobalt market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type: Electrolytic Cobalt、 Cobalt Powder
Market segment by Application: Cobalt-based Alloys、 Permanent Magnetic Materials、 Catalyst、 Others
Major players covered: Green Eco-Manufacturer、 Jinchuan Group、 Hanrui Cobalt、 Nantong Xinwei Nickel & Cobalt、 Yantai CASH Industrial、 Umicore、 Shandong Jinling Mining、 Green Eco-Manufacturer、 Huayou Cobalt、 Jinchuan Group、 Hanrui Cobalt、 Galico、 Nantong Xinwei Nickel & Cobalt、 Ganzhou Tengyuan Cobalt Industrial、 ALT Cobalt & Nickel Products、 Jilin Jien Nickel Industry
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Cobalt product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Cobalt, with price, sales quantity, revenue, and global market share of Cobalt from 2020 to 2025.
Chapter 3, the Cobalt competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Cobalt breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment Cobalt the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the Cobalt sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2024.and Cobalt market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Cobalt.
Chapter 14 and 15, to describe Cobalt sales channel, distributors, customers, research findings and conclusion.
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Cobalt
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provides market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.
Contact Us:
Global Info Research
Web: https://www.globalinforesearch.com
Email: report@globalinforesearch.com
CN: 0086-176 6505 2062
HK: 00852-58030175
Get Report Sample with Industry Insights https://www.globalinforesearch.com/reports/2413971/cobalt
According to our (Global Info Research) latest study, the global Cobalt market size was valued at US$ 11140 million in 2024 and is forecast to a readjusted size of USD 18710 million by 2031 with a CAGR of 8.0% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Cobalt is a hard, lustrous, silver-gray metal. It is found only in chemically combined form in the Earth's crust, so cobalt metal is extracted by human from cobalt ore.
The cobalt market is a strategically vital component of the global metals industry, largely due to cobalt's essential role in the production of rechargeable lithium-ion batteries. These batteries power a wide range of applications, from smartphones and laptops to electric vehicles (EVs) and energy storage systems. As the world accelerates its transition toward clean energy and electric mobility, demand for cobalt has intensified, positioning it as a critical mineral in the push for decarbonization. Beyond batteries, cobalt is also used in high-performance alloys, catalysts, and magnets, supporting industries such as aerospace, defense, and chemical processing.
However, the cobalt market faces notable challenges tied to supply chain concentration and ethical sourcing concerns. A significant portion of global cobalt production originates from the Democratic Republic of the Congo, where issues related to labor practices, environmental degradation, and geopolitical risk are under increasing scrutiny. These factors have spurred efforts to diversify supply through recycling, new mining projects in other regions, and research into cobalt-free battery technologies. As a result, while demand for cobalt remains strong, the market is evolving under pressure to ensure both sustainability and supply security.
This report is a detailed and comprehensive analysis for global Cobalt market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approval.
Cobalt market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type: Electrolytic Cobalt、 Cobalt Powder
Market segment by Application: Cobalt-based Alloys、 Permanent Magnetic Materials、 Catalyst、 Others
Major players covered: Green Eco-Manufacturer、 Jinchuan Group、 Hanrui Cobalt、 Nantong Xinwei Nickel & Cobalt、 Yantai CASH Industrial、 Umicore、 Shandong Jinling Mining、 Green Eco-Manufacturer、 Huayou Cobalt、 Jinchuan Group、 Hanrui Cobalt、 Galico、 Nantong Xinwei Nickel & Cobalt、 Ganzhou Tengyuan Cobalt Industrial、 ALT Cobalt & Nickel Products、 Jilin Jien Nickel Industry
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Cobalt product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Cobalt, with price, sales quantity, revenue, and global market share of Cobalt from 2020 to 2025.
Chapter 3, the Cobalt competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Cobalt breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment Cobalt the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the Cobalt sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2024.and Cobalt market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Cobalt.
Chapter 14 and 15, to describe Cobalt sales channel, distributors, customers, research findings and conclusion.
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Cobalt
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provides market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.
Contact Us:
Global Info Research
Web: https://www.globalinforesearch.com
Email: report@globalinforesearch.com
CN: 0086-176 6505 2062
HK: 00852-58030175
