Cobalt Sulfate Market
Cobalt Sulfate Market Study by Battery, Industrial, and Agriculture & Feed Grade for Batteries/Energy Storage, Metal Finishing, Animal Feed & Soil Additives, and Inks & Pigments from 2023 To 2033
Analysis of Cobalt Sulfate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Cobalt Sulfate Market Outlook (2023 to 2033)
As per the latest industry analysis conducted by Fact.MR, the global cobalt sulfate market size is valued at US$ 3.7 billion in 2023 and is forecasted to expand at a CAGR of 7.7% to reach a size of US$ 7.9 billion by the end of 2033.
Inorganic compound cobalt sulfate, commonly known as cobaltous sulfate, has the formula CoSO4. Lithium-ion batteries, extensively used in electric vehicles, portable devices, and energy storage, rely heavily on cobalt sulfate as a raw material. Apart from its role in storage batteries, cobalt sulfate finds application as a vitamin B12 supplement and functions as a drying agent in paints and inks.
With several cobalt sulfate uses in various end-use industries, the market is projected to expand rapidly over the next ten years,
| Report Attributes | Details |
|---|---|
| Cobalt Sulfate Market Size (2022A) | US$ 3.5 Billion |
| Estimated Market Value (2023E) | US$ 3.7 Billion |
| Forecasted Market Value (2033F) | US$ 7.9 Billion |
| Global Market Growth Rate (2023 to 2033) | 7.7% CAGR |
| China Market Value (2023) | US$ 995.2 Million |
| United States Market Growth Rate (2023 to 2033) | 6.1% CAGR |
| Key Companies Profiled |
|
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Sales Analysis of Cobalt Sulfate (2018 to 2022) vs. Market Estimations (2023 to 2033)
Lithium-ion batteries are widely utilized in electric vehicles (EVs), consumer electronics, and renewable energy storage systems. Cobalt sulfate is a crucial ingredient in the manufacturing of lithium-ion batteries. Over the years, several factors have had an impact on the demand for cobalt sulfate, including the implementation of various government regulations, rising usage of electric cars, and ongoing research and development in the battery industry.
- Short Term (2023 to 2026): Swift growth of the electric vehicle market, driven by the need to reduce carbon emissions, is expected to influence the cobalt sulfate market soon. Consequently, there will be a surge in demand for cobalt sulfate, a vital element in EV batteries. Furthermore, short-term fluctuations in cobalt prices are anticipated due to shifts in supply and demand, geopolitical events, and production capacity.
- Medium Term (2024 to 2028): In the medium term, manufacturers need to focus on lowering cobalt concentration or discovering more affordable, environmentally friendly chemistries. Cobalt recycling from used batteries may also receive greater attention, helping create a supply chain that is circular and sustainable. Government incentives and regulations play a crucial role in driving the demand for cobalt sulfate.
- Long Term (2029 to 2033): In the long run, ethical and environmental considerations are forecasted to gain greater importance. Companies and governments are anticipated to prioritize reducing environmental impact and responsibly sourcing cobalt. Development of recycling infrastructure, emergence of new mining practices, and changes in trade regulations are predicted to collectively influence cobalt sulfate demand in the long term.
Cobalt Sulfate Market Analysis
Which Factors are Fueling Substantial Demand for Cobalt Sulfate?
"Rising Adoption of Electric Vehicles across the World”
The worldwide electric vehicles market expanded at a CAGR of 17% from 2018 to 2022. Cobalt sulfate enhances the energy density and stability of lithium-ion batteries. Demand for both these batteries and cobalt sulfate surges in tandem with the growing popularity of EVs. Countries are enacting carbon-cutting laws and providing incentives for EV adoption, driving cobalt sulfate industry expansion.
"Global Shift toward Cleaner Energy Driving Need for Renewable Resources”
Large-scale energy storage solutions play a crucial role in mitigating the variability of renewable energy sources such as wind and solar. Batteries that contain cobalt contribute to the reliability of energy storage systems, ensuring a consistent power supply when required. This makes them a fundamental component in the shift toward cleaner and sustainable energy sources.
Beyond grid-scale storage, homeowners & businesses are increasingly adopting battery storage systems for specific purposes. Many of these batteries incorporate cobalt sulfate. The global shift to cleaner energy fuels the expansion of renewable energy capacity. As wind and solar installations multiply, demand for cobalt sulfate-dependent energy storage solutions is set to rise.
What Challenges Can Impact the Use of Cobalt Sulfate?
“Cobalt Sulfate Pricing Volatility and Ethical Concerns Associated with Cobalt Mining"
Cobalt sulfate production and the supply chain are unpredictable as a result of the stringent laws around cobalt mining practices. Manufacturers are becoming more concerned about obtaining cobalt from places where there are ethical issues, which may cause supply chain interruptions. Price fluctuations can result from concerns about unethical and environmentally harmful mining methods in cobalt-producing areas.
There is rising interest in finding alternatives to cobalt or limiting the use of cobalt in batteries as a result of these concerns. Research and development efforts are being directed towards producing battery technologies with little or no cobalt content, which is projected to restrain market growth.
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Region-wise Insights
What is the Demand Outlook for Cobalt Sulfate in Asia Pacific?
“Increased Demand for Cobalt Sulfate in Consumer Electronics and EV Industries”
Asia Pacific accounts for 70% share of the global electric vehicle market in 2023, and this trend is anticipated to persist for the foreseeable future. EVs employ cobalt-containing lithium-ion batteries. Asia Pacific accounts for high sales of consumer electronics, including smartphones, laptops, and tablets. Cobalt sulfate is a common ingredient in EV batteries and electronic gadgets. The need for cobalt sulfate is projected to increase in tandem with the growing demand for consumer electronics.
Rapid industrialization in emerging markets in Asia Pacific, particularly China and India, is driving increased demand for cobalt sulfate in various industrial applications such as catalysts, pigments, and magnets. This research indicates that the Asia Pacific cobalt sulfate market is valued at US$ 2.57 billion in 2023 and is projected to expand at a CAGR of 20% through 2033.
Category-wise Insights
Which Battery Grade Accounts for High Demand?
"High Demand for Battery-grade Cobalt Sulfate for Use in Lithium-ion Batteries"
Battery-grade cobalt sulfate is in high demand as a result of the rising need for lithium-ion batteries, utilized in consumer electronics and EVs. Battery-grade cobalt sulfate accounts for 43% of the global cobalt sulfate market share in 2023, at a valuation of US$ 1.75 billion.
China accounted for 50% share of battery-grade cobalt sulfate in 2022. To address the rising demand for battery-grade cobalt sulfate, cobalt sulfate manufacturers are investing in production capacity expansion.
What is the Primary Cobalt Sulfate Application?
“Cobalt Sulfate Enhancing Energy Density of Batteries and Energy Storage Systems”
Revenue from the use of cobalt sulfate in batteries and energy storage systems is estimated at US$ 1.62 billion in 2023.
Utilization of cobalt sulfate in batteries and energy storage systems significantly influences market growth. Its crucial function in improving energy density, stability, and dependability of lithium-ion batteries is a primary driver. The rise in demand for electric vehicles and renewable energy solutions is expected to strongly support the ongoing need for cobalt sulfate in these applications. This is anticipated to make a significant contribution to the cobalt sulfate market growth.
Renewable energy sources, like wind and solar power, inherently exhibit intermittency. The necessity for energy storage solutions becomes evident during periods of surplus energy production, which can be harnessed and subsequently released when energy demand is high or when renewable sources are not generating enough power. Cobalt sulfate-based batteries are integral components of energy storage systems, encompassing grid-scale batteries and residential energy storage solutions.
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Competitive Landscape
Prominent cobalt sulfate suppliers are Umicore, Dalian Alt Cobalt & Nickel New Materials Manufacturing Co. Ltd, Freeport Cobalt Oy, Ganzhou Tengyuan Cobalt New Material Co. Ltd, Huayou Cobalt Co., Ltd, Hunter Chemical Inc, INCASA SA, Jervois Finland, Jiayuan Cobalt Holdings Limited, and Nicomet Industries Limited.
Businesses are utilizing various tactics to fulfill the rising demand for cobalt sulfate & are investing heavily in increasing their production capacity. Suppliers are also working with battery makers to guarantee a steady supply of cobalt sulfate for the creation of lithium-ion batteries.
- For instance, Huayou Cobalt and CATL, a Chinese battery producer, established a cooperation in 2023 to construct a cobalt sulfate factory in China.
Fact.MR has provided detailed information about the price points of key manufacturers of cobalt sulfate positioned across regions, sales growth, production capacity, and speculative technological expansion, in its recently published report.
Segmentation of Cobalt Sulfate Market Research
-
By Grade :
- Battery Grade
- Industrial Grade
- Agriculture & Feed Grade
-
By Application :
- Batteries/Energy Storage
- Metal Finishing
- Animal Feed & Soil Additive
- Inks & Pigments
- Chemicals
- Others
-
By Region :
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
Table of Content
1. Market - Executive Summary 2. Market Overview 2.1. Market Definition and Introduction 2.2. Market Taxonomy/ Research Scope 3. Market Background and Foundation Data 3.1. Global Chemical Market Outlook 3.2. Penetration of Market in the Chemical Industry 3.3. Consumption Outlook, By Grade 3.4. Production Analysis 3.4.1. By Region 3.4.2. By Key companies 3.5. Growth & Development Pattern in Market 3.6. Cobalt Sulfate: Apparent Production & Consumption Analysis 3.6.1. Production Capacity (Tons) 3.6.1.1. By Key Regions 3.6.1.2. By Key Companies 3.6.2. Consumption Statistics 3.6.3. Apparent Trade Analysis 3.7. Market Opportunity Assessment 3.7.1. Total Available Market (US$ million) 3.7.2. Serviceable Addressable Market (US$ million) 3.7.3. Serviceable Obtainable Market (US$ million) 3.8. Market Dynamics 3.8.1. Market Growth Drivers 3.8.2. Market Restraints 3.8.3. Market Opportunity 3.8.4. Market Trends 3.9. Industry Value and Supply Chain Analysis 3.9.1. Value Added at Each Node of Supply Chain 3.9.2. Gross Profitability Margins (at Every Level) 3.9.3. List of Key Participants 3.9.3.1. Key Manufacturers 3.9.3.2. Key Distributor/Retailers 3.9.3.3. Key Brands 3.9.3.4. Key Buying Industries 3.10. Forecast Factors – Relevance and Impact 3.11. Macro-Economic Factors 3.12. PESTLE Analysis 3.13. Porter’s Five Force Analysis 3.14. Investment Feasibility Analysis 3.15. Key Success Factors 4. Global Demand (Tons) Analysis and Forecast 4.1. Historical Market Volume (Tons) Analysis, 2018-2022 4.2. Current and Future Market Volume (Tons) Projections, 2023-2033 5. Global Market - Pricing Analysis 5.1. Product Type and Country-Level Pricing Analysis 5.2. Global Average Pricing Analysis Benchmark 5.3. Factors Influencing Pricing 6. Global Market Value (US$ million) Analysis and Forecast 6.1. Historical Market Value (US$ million) Analysis, 2018-2022 6.2. Current and Future Market Value (US$ million) Projections, 2023-2033 6.2.1. Absolute $ Opportunity Analysis 7. Global Market Analysis and Forecast, By Grade 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Grade, 2018-2022 7.3. Current and Future Market Size (US$ million) Analysis and Volume (Tons) Forecast By Grade, 2023-2033 7.3.1. Battery Grade 7.3.2. Industrial Grade 7.3.3. Agriculture & Feed Grade 7.4. Market Attractiveness Analysis By Grade 8. Global Market Analysis and Forecast, By Application 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Application, 2018-2022 8.3. Current and Future Market Size (US$ million) Analysis and Volume (Tons) Forecast By Application, 2023-2033 8.3.1. Batteries/Energy Storage 8.3.2. Metal Finishing 8.3.3. Animal Feed & Soil Additive 8.3.4. Inks & Pigments 8.3.5. Chemicals 8.3.6. Others 8.4. Market Attractiveness Analysis By Application 9. Global Market Analysis and Forecast, By Region 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Region, 2018-2022 9.3. Current Market Size (US$ million) Analysis and Volume (Tons) Forecast By Region, 2023-2033 9.3.1. North America 9.3.2. Latin America 9.3.3. East Asia 9.3.4. South Asia & Pacific 9.3.5. Western Europe 9.3.6. Eastern Europe 9.3.7. Western Europe 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis and Forecast 10.1. Introduction / Key Findings 10.2. Pricing Analysis 10.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022 10.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023-2033 10.4.1. By Country 10.4.1.1. U.S. 10.4.1.2. Canada 10.4.2. By Grade 10.4.3. By Application 10.5. Market Attractiveness Analysis 10.5.1. By Country 10.5.2. By Grade 10.5.3. By Application 11. Latin America Market Analysis and Forecast 11.1. Introduction / Key Findings 11.2. Pricing Analysis 11.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022 11.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023-2033 11.4.1. By Country 11.4.1.1. Brazil 11.4.1.2. Mexico 11.4.1.3. Argentina 11.4.1.4. Rest of Latin America 11.4.2. By Grade 11.4.3. By Application 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Grade 11.5.3. By Application 12. East Asia Market Analysis and Forecast 12.1. Introduction / Key Findings 12.2. Pricing Analysis 12.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022 12.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023-2033 12.4.1. By Country 12.4.1.1. China 12.4.1.2. Japan 12.4.1.3. South Korea 12.4.2. By Grade 12.4.3. By Application 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Grade 12.5.3. By Application 13. South Asia & Pacific Market Analysis and Forecast 13.1. Introduction / Key Findings 13.2. Pricing Analysis 13.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022 13.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023-2033 13.4.1. By Country 13.4.1.1. India 13.4.1.2. Thailand 13.4.1.3. Indonesia 13.4.1.4. Malaysia 13.4.1.5. Australia & New Zealand 13.4.1.6. Rest of South Asia & Pacific 13.4.2. By Grade 13.4.3. By Application 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Grade 13.5.3. By Application 14. Western Europe Market Analysis and Forecast 14.1. Introduction / Key Findings 14.2. Pricing Analysis 14.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022 14.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023-2033 14.4.1. By Country 14.4.1.1. GCC Countries 14.4.1.2. South Africa 14.4.1.3. Northern Africa 14.4.1.4. Turkiye 14.4.1.5. Rest of Western Europe 14.4.2. By Grade 14.4.3. By Application 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Grade 14.5.3. By Application 15. Eastern Europe Market Analysis and Forecast 15.1. Introduction / Key Findings 15.2. Pricing Analysis 15.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022 15.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023-2033 15.4.1. By Country 15.4.1.1. Russia 15.4.1.2. Hungary 15.4.1.3. Poland 15.4.1.4. Balkan & Baltics 15.4.1.5. Rest of E. Europe 15.4.2. By Grade 15.4.3. By Application 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Grade 15.5.3. By Application 16. Middle East & Africa Market Analysis and Forecast 16.1. Introduction / Key Findings 16.2. Pricing Analysis 16.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022 16.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023-2033 16.4.1. By Country 16.4.1.1. KSA 16.4.1.2. Other GCC 16.4.1.3. Turkey 16.4.1.4. South Africa 16.4.1.5. Other African Union 16.4.1.6. Rest of MEA 16.4.2. By Grade 16.4.3. By Application 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Grade 16.5.3. By Application 17. Country-level Market Analysis and Forecast 17.1. Introduction / Key Findings 17.1.1. Market Value Proportion Analysis, By Key Countries 17.1.2. Global Vs. Country Growth Comparison 17.2. US Market Analysis 17.2.1. Value Proportion Analysis by Market Taxonomy 17.2.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.2.2.1. By Grade 17.2.2.2. By Application 17.3. Canada Market Analysis 17.3.1. Value Proportion Analysis by Market Taxonomy 17.3.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.3.2.1. By Grade 17.3.2.2. By Application 17.4. Brazil Market Analysis 17.4.1. Value Proportion Analysis by Market Taxonomy 17.4.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.4.2.1. By Grade 17.4.2.2. By Application 17.5. Mexico Market Analysis 17.5.1. Value Proportion Analysis by Market Taxonomy 17.5.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.5.2.1. By Grade 17.5.2.2. By Application 17.6. Argentina Market Analysis 17.6.1. Value Proportion Analysis by Market Taxonomy 17.6.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.6.2.1. By Grade 17.6.2.2. By Application 17.7. Germany Market Analysis 17.7.1. Value Proportion Analysis by Market Taxonomy 17.7.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.7.2.1. By Grade 17.7.2.2. By Application 17.8. France Market Analysis 17.8.1. Value Proportion Analysis by Market Taxonomy 17.8.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.8.2.1. By Grade 17.8.2.2. By Application 17.9. Italy Market Analysis 17.9.1. Value Proportion Analysis by Market Taxonomy 17.9.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.9.2.1. By Grade 17.9.2.2. By Application 17.10. Spain Market Analysis 17.10.1. Value Proportion Analysis by Market Taxonomy 17.10.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.10.2.1. By Grade 17.10.2.2. By Application 17.11. BENELUX Market Analysis 17.11.1. Value Proportion Analysis by Market Taxonomy 17.11.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.11.2.1. By Grade 17.11.2.2. By Application 17.12. Russia Market Analysis 17.12.1. Value Proportion Analysis by Market Taxonomy 17.12.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.12.2.1. By Grade 17.12.2.2. By Application 17.13. U.K. Market Analysis 17.13.1. Value Proportion Analysis by Market Taxonomy 17.13.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.13.2.1. By Grade 17.13.2.2. By Application 17.14. China Market Analysis 17.14.1. Value Proportion Analysis by Market Taxonomy 17.14.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.14.2.1. By Grade 17.14.2.2. By Application 17.15. Japan Market Analysis 17.15.1. Value Proportion Analysis by Market Taxonomy 17.15.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.15.2.1. By Grade 17.15.2.2. By Application 17.16. South Korea Market Analysis 17.16.1. Value Proportion Analysis by Market Taxonomy 17.16.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.16.2.1. By Grade 17.16.2.2. By Application 17.17. India Market Analysis 17.17.1. Value Proportion Analysis by Market Taxonomy 17.17.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.17.2.1. By Grade 17.17.2.2. By Application 17.18. ASEAN Countries Market Analysis 17.18.1. Value Proportion Analysis by Market Taxonomy 17.18.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.18.2.1. By Grade 17.18.2.2. By Application 17.19. Australia Market Analysis 17.19.1. Value Proportion Analysis by Market Taxonomy 17.19.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.19.2.1. By Grade 17.19.2.2. By Application 17.20. GCC Countries Market Analysis 17.20.1. Value Proportion Analysis by Market Taxonomy 17.20.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.20.2.1. By Grade 17.20.2.2. By Application 17.21. Turkey Market Analysis 17.21.1. Value Proportion Analysis by Market Taxonomy 17.21.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.21.2.1. By Grade 17.21.2.2. By Application 17.22. South Africa Market Analysis 17.22.1. Value Proportion Analysis by Market Taxonomy 17.22.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2033 17.22.2.1. By Grade 17.22.2.2. By Application 18. Market Structure Analysis 18.1. Market Analysis by Tier of Companies 18.2. Market Concentration of Players 18.3. Market Share Analysis of Top Players 18.4. Market Presence Analysis 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking of Products 19.3. Competition Deep Dive: 19.3.1. Umicore 19.3.1.1. Overview 19.3.1.2. Product Portfolio 19.3.1.3. Key Financials 19.3.1.4. Sales Footprint 19.3.1.5. SWOT Analysis 19.3.1.6. Key Developments 19.3.1.7. Strategy Overview 19.3.2. Dalian Alt Cobalt & Nickel New Materials Manufacturing Co. Ltd. 19.3.2.1. Overview 19.3.2.2. Product Portfolio 19.3.2.3. Key Financials 19.3.2.4. Sales Footprint 19.3.2.5. SWOT Analysis 19.3.2.6. Key Developments 19.3.2.7. Strategy Overview 19.3.3. Freeport Cobalt Oy 19.3.3.1. Overview 19.3.3.2. Product Portfolio 19.3.3.3. Key Financials 19.3.3.4. Sales Footprint 19.3.3.5. SWOT Analysis 19.3.3.6. Key Developments 19.3.3.7. Strategy Overview 19.3.4. Ganzhou Tengyuan Cobalt New Material Co. Ltd 19.3.4.1. Overview 19.3.4.2. Product Portfolio 19.3.4.3. Key Financials 19.3.4.4. Sales Footprint 19.3.4.5. SWOT Analysis 19.3.4.6. Key Developments 19.3.4.7. Strategy Overview 19.3.5. Huayou Cobalt Co., Ltd 19.3.5.1. Overview 19.3.5.2. Product Portfolio 19.3.5.3. Key Financials 19.3.5.4. Sales Footprint 19.3.5.5. SWOT Analysis 19.3.5.6. Key Developments 19.3.5.7. Strategy Overview 19.3.6. Hunter Chemical Inc 19.3.6.1. Overview 19.3.6.2. Product Portfolio 19.3.6.3. Key Financials 19.3.6.4. Sales Footprint 19.3.6.5. SWOT Analysis 19.3.6.6. Key Developments 19.3.6.7. Strategy Overview 19.3.7. INCASA SA 19.3.7.1. Overview 19.3.7.2. Product Portfolio 19.3.7.3. Key Financials 19.3.7.4. Sales Footprint 19.3.7.5. SWOT Analysis 19.3.7.6. Key Developments 19.3.7.7. Strategy Overview 19.3.8. Jervois Finland 19.3.8.1. Overview 19.3.8.2. Product Portfolio 19.3.8.3. Key Financials 19.3.8.4. Sales Footprint 19.3.8.5. SWOT Analysis 19.3.8.6. Key Developments 19.3.8.7. Strategy Overview 19.3.9. Jiayuan Cobalt Holdings Limited 19.3.9.1. Overview 19.3.9.2. Product Portfolio 19.3.9.3. Key Financials 19.3.9.4. Sales Footprint 19.3.9.5. SWOT Analysis 19.3.9.6. Key Developments 19.3.9.7. Strategy Overview 19.3.10. Nicomet Industries Limited 19.3.10.1. Overview 19.3.10.2. Product Portfolio 19.3.10.3. Key Financials 19.3.10.4. Sales Footprint 19.3.10.5. SWOT Analysis 19.3.10.6. Key Developments 19.3.10.7. Strategy Overview 20. Assumptions & Acronyms Used 21. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million), by Region, 2018-2022
Table 02. Global Market Value (US$ million) and Forecast by Region, 2023-2033
Table 03. Global Market Volume (Tons), by Region, 2018-2022
Table 04. Global Market Volume (Tons) and Forecast by Region, 2023-2033
Table 05. Global Market Value (US$ million), By Grade, 2018-2022
Table 06. Global Market Value (US$ million) and Forecast By Grade, 2023-2033
Table 07. Global Market Volume (Tons), By Grade, 2018-2022
Table 08. Global Market Volume (Tons) and Forecast By Grade, 2023-2033
Table 09. Global Market Value (US$ million), By Application, 2018-2022
Table 10. Global Market Value (US$ million) and Forecast By Application, 2023-2033
Table 11. Global Market Volume (Tons), By Application, 2018-2022
Table 12. Global Market Volume (Tons) and Forecast By Application, 2023-2033
Table 13. North America Market Value (US$ million), by Country, 2018-2022
Table 14. North America Market Value (US$ million) and Forecast by Country, 2023-2033
Table 15. North America Market Volume (Tons), by Country, 2018-2022
Table 16. North America Market Volume (Tons) and Forecast by Country, 2023-2033
Table 17. North America Market Value (US$ million), By Grade, 2018-2022
Table 18. North America Market Value (US$ million) and Forecast By Grade, 2023-2033
Table 19. North America Market Volume (Tons), By Grade, 2018-2022
Table 20. North America Market Volume (Tons) and Forecast By Grade, 2023-2033
Table 21. North America Market Value (US$ million), By Application, 2018-2022
Table 22. North America Market Value (US$ million) and Forecast By Application, 2023-2033
Table 23. North America Market Volume (Tons), By Application, 2018-2022
Table 24. North America Market Volume (Tons) and Forecast By Application, 2023-2033
Table 25. Latin America Market Value (US$ million), by Country, 2018-2022
Table 26. Latin America Market Value (US$ million) and Forecast by Country, 2023-2033
Table 27. Latin America Market Volume (Tons), by Country, 2018-2022
Table 28. Latin America Market Volume (Tons) and Forecast by Country, 2023-2033
Table 29. Latin America Market Value (US$ million), By Grade, 2018-2022
Table 30. Latin America Market Value (US$ million) and Forecast By Grade, 2023-2033
Table 31. Latin America Market Volume (Tons), By Grade, 2018-2022
Table 32. Latin America Market Volume (Tons) and Forecast By Grade, 2023-2033
Table 33. Latin America Market Value (US$ million), By Application, 2018-2022
Table 34. Latin America Market Value (US$ million) and Forecast By Application, 2023-2033
Table 35. Latin America Market Volume (Tons), By Application, 2018-2022
Table 36. Latin America Market Volume (Tons) and Forecast By Application, 2023-2033
Table 37. East Asia Market Value (US$ million), by Country, 2018-2022
Table 38. East Asia Market Value (US$ million) and Forecast by Country, 2023-2033
Table 39. East Asia Market Volume (Tons), by Country, 2018-2022
Table 40. East Asia Market Volume (Tons) and Forecast by Country, 2023-2033
Table 41. East Asia Market Value (US$ million), By Grade, 2018-2022
Table 42. East Asia Market Value (US$ million) and Forecast By Grade, 2023-2033
Table 43. East Asia Market Volume (Tons), By Grade, 2018-2022
Table 44. East Asia Market Volume (Tons) and Forecast By Grade, 2023-2033
Table 45. East Asia Market Value (US$ million), By Application, 2018-2022
Table 46. East Asia Market Value (US$ million) and Forecast By Application, 2023-2033
Table 47. East Asia Market Volume (Tons), By Application, 2018-2022
Table 48. East Asia Market Volume (Tons) and Forecast By Application, 2023-2033
Table 49. South Asia & Pacific Market Value (US$ million), by Country, 2018-2022
Table 50. South Asia & Pacific Market Value (US$ million) and Forecast by Country, 2023-2033
Table 51. South Asia & Pacific Market Volume (Tons), by Country, 2018-2022
Table 52. South Asia & Pacific Market Volume (Tons) and Forecast by Country, 2023-2033
Table 53. South Asia & Pacific Market Value (US$ million), By Grade, 2018-2022
Table 54. South Asia & Pacific Market Value (US$ million) and Forecast By Grade, 2023-2033
Table 55. South Asia & Pacific Market Volume (Tons), By Grade, 2018-2022
Table 56. South Asia & Pacific Market Volume (Tons) and Forecast By Grade, 2023-2033
Table 57. South Asia & Pacific Market Value (US$ million), By Application, 2018-2022
Table 58. South Asia & Pacific Market Value (US$ million) and Forecast By Application, 2023-2033
Table 59. South Asia & Pacific Market Volume (Tons), By Application, 2018-2022
Table 60. South Asia & Pacific Market Volume (Tons) and Forecast By Application, 2023-2033
Table 61. Western Europe Market Value (US$ million), by Country, 2018-2022
Table 62. Western Europe Market Value (US$ million) and Forecast by Country, 2023-2033
Table 63. Western Europe Market Volume (Tons), by Country, 2018-2022
Table 64. Western Europe Market Volume (Tons) and Forecast by Country, 2023-2033
Table 65. Western Europe Market Value (US$ million), By Grade, 2018-2022
Table 66. Western Europe Market Value (US$ million) and Forecast By Grade, 2023-2033
Table 67. Western Europe Market Volume (Tons), By Grade, 2018-2022
Table 68. Western Europe Market Volume (Tons) and Forecast By Grade, 2023-2033
Table 69. Western Europe Market Value (US$ million), By Application, 2018-2022
Table 70. Western Europe Market Value (US$ million) and Forecast By Application, 2023-2033
Table 71. Western Europe Market Volume (Tons), By Application, 2018-2022
Table 72. Western Europe Market Volume (Tons) and Forecast By Application, 2023-2033
Table 73. Eastern Europe Market Value (US$ million), by Country, 2018-2022
Table 74. Eastern Europe Market Value (US$ million) and Forecast by Country, 2023-2033
Table 75. Eastern Europe Market Volume (Tons), by Country, 2018-2022
Table 76. Eastern Europe Market Volume (Tons) and Forecast by Country, 2023-2033
Table 77. Eastern Europe Market Value (US$ million), By Grade, 2018-2022
Table 78. Eastern Europe Market Value (US$ million) and Forecast By Grade, 2023-2033
Table 79. Eastern Europe Market Volume (Tons), By Grade, 2018-2022
Table 80. Eastern Europe Market Volume (Tons) and Forecast By Grade, 2023-2033
Table 81. Eastern Europe Market Value (US$ million), By Application, 2018-2022
Table 82. Eastern Europe Market Value (US$ million) and Forecast By Application, 2023-2033
Table 83. Eastern Europe Market Volume (Tons), By Application, 2018-2022
Table 84. Eastern Europe Market Volume (Tons) and Forecast By Application, 2023-2033
Table 85. Middle East & Africa Market Value (US$ million), by Country, 2018-2022
Table 86. Middle East & Africa Market Value (US$ million) and Forecast by Country, 2023-2033
Table 87. Middle East & Africa Market Volume (Tons), by Country, 2018-2022
Table 88. Middle East & Africa Market Volume (Tons) and Forecast by Country, 2023-2033
Table 89. Middle East & Africa Market Value (US$ million), By Grade, 2018-2022
Table 90. Middle East & Africa Market Value (US$ million) and Forecast By Grade, 2023-2033
Table 91. Middle East & Africa Market Volume (Tons), By Grade, 2018-2022
Table 92. Middle East & Africa Market Volume (Tons) and Forecast By Grade, 2023-2033
Table 93. Middle East & Africa Market Value (US$ million), By Application, 2018-2022
Table 94. Middle East & Africa Market Value (US$ million) and Forecast By Application, 2023-2033
Table 95. Middle East & Africa Market Volume (Tons), By Application, 2018-2022
Table 96. Middle East & Africa Market Volume (Tons) and Forecast By Application, 2023-2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Tons) Forecast, 2023-2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 03. Global Market Value (US$ million) and Volume (Tons) by Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2023-2033
Figure 05. Global Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Grade, 2023-2033
Figure 07. Global Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 08. Global Market Y-o-Y Growth Rate By Application, 2023-2033
Figure 09. North America Market Value (US$ million) and Volume (Tons) Forecast, 2023-2033
Figure 10. North America Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 11. North America Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 12. North America Market Y-o-Y Growth Rate by Country, 2023-2033
Figure 13. North America Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 14. North America Market Y-o-Y Growth Rate By Grade, 2023-2033
Figure 15. North America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 16. North America Market Y-o-Y Growth Rate By Application, 2023-2033
Figure 17. North America Market Attractiveness Analysis by Country, 2023-2033
Figure 18. North America Market Attractiveness Analysis By Grade, 2023-2033
Figure 19. North America Market Attractiveness Analysis By Application, 2023-2033
Figure 20. Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023-2033
Figure 21. Latin America Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 22. Latin America Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 23. Latin America Market Y-o-Y Growth Rate by Country, 2023-2033
Figure 24. Latin America Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 25. Latin America Market Y-o-Y Growth Rate By Grade, 2023-2033
Figure 26. Latin America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 27. Latin America Market Y-o-Y Growth Rate By Application, 2023-2033
Figure 28. Latin America Market Attractiveness Analysis by Country, 2023-2033
Figure 29. Latin America Market Attractiveness Analysis By Grade, 2023-2033
Figure 30. Latin America Market Attractiveness Analysis By Application, 2023-2033
Figure 31. East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023-2033
Figure 32. East Asia Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 33. East Asia Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 34. East Asia Market Y-o-Y Growth Rate by Country, 2023-2033
Figure 35. East Asia Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 36. East Asia Market Y-o-Y Growth Rate By Grade, 2023-2033
Figure 37. East Asia Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 38. East Asia Market Y-o-Y Growth Rate By Application, 2023-2033
Figure 39. East Asia Market Attractiveness Analysis by Country, 2023-2033
Figure 40. East Asia Market Attractiveness Analysis By Grade, 2023-2033
Figure 41. East Asia Market Attractiveness Analysis By Application, 2023-2033
Figure 42. South Asia & Pacific Market Value (US$ million) and Volume (Tons) Forecast, 2023-2033
Figure 43. South Asia & Pacific Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 44. South Asia & Pacific Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 45. South Asia & Pacific Market Y-o-Y Growth Rate by Country, 2023-2033
Figure 46. South Asia & Pacific Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 47. South Asia & Pacific Market Y-o-Y Growth Rate By Grade, 2023-2033
Figure 48. South Asia & Pacific Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 49. South Asia & Pacific Market Y-o-Y Growth Rate By Application, 2023-2033
Figure 50. South Asia & Pacific Market Attractiveness Analysis by Country, 2023-2033
Figure 51. South Asia & Pacific Market Attractiveness Analysis By Grade, 2023-2033
Figure 52. South Asia & Pacific Market Attractiveness Analysis By Application, 2023-2033
Figure 53. Western Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023-2033
Figure 54. Western Europe Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 55. Western Europe Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 56. Western Europe Market Y-o-Y Growth Rate by Country, 2023-2033
Figure 57. Western Europe Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 58. Western Europe Market Y-o-Y Growth Rate By Grade, 2023-2033
Figure 59. Western Europe Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 60. Western Europe Market Y-o-Y Growth Rate By Application, 2023-2033
Figure 61. Western Europe Market Attractiveness Analysis by Country, 2023-2033
Figure 62. Western Europe Market Attractiveness Analysis By Grade, 2023-2033
Figure 63. Western Europe Market Attractiveness Analysis By Application, 2023-2033
Figure 64. Eastern Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023-2033
Figure 65. Eastern Europe Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 66. Eastern Europe Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 67. Eastern Europe Market Y-o-Y Growth Rate by Country, 2023-2033
Figure 68. EASTERN EUROPE Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 69. Eastern Europe Market Y-o-Y Growth Rate By Grade, 2023-2033
Figure 70. Eastern Europe Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 71. Eastern Europe Market Y-o-Y Growth Rate By Application, 2023-2033
Figure 72. Eastern Europe Market Attractiveness Analysis by Country, 2023-2033
Figure 73. Eastern Europe Market Attractiveness Analysis By Grade, 2023-2033
Figure 74. Eastern Europe Market Attractiveness Analysis By Application, 2023-2033
Figure 75. Middle East & Africa Market Value (US$ million) and Volume (Tons) Forecast, 2023-2033
Figure 76. Middle East & Africa Market Absolute $ Opportunity (US$ million), 2023-2033
Figure 77. Middle East & Africa Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 78. Middle East & Africa Market Y-o-Y Growth Rate by Country, 2023-2033
Figure 79. MIDDLE EAST & AFRICA Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 80. Middle East & Africa Market Y-o-Y Growth Rate By Grade, 2023-2033
Figure 81. Middle East & Africa Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 82. Middle East & Africa Market Y-o-Y Growth Rate By Application, 2023-2033
Figure 83. Middle East & Africa Market Attractiveness Analysis by Country, 2023-2033
Figure 84. Middle East & Africa Market Attractiveness Analysis By Grade, 2023-2033
Figure 85. Middle East & Africa Market Attractiveness Analysis By Application, 2023-2033
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- FAQs -
What was the size of the cobalt sulfate market in 2022?
The global cobalt sulfate market was valued at US$ 3.5 billion in 2022.
At what rate did the sales of cobalt sulfate increase from 2018 to 2022?
Sales of cobalt sulfate expanded at a CAGR of 5.6% from 2018 to 2022.
How big is the cobalt sulfate market at present?
The cobalt sulfate market is estimated at US$ 3.7 billion in 2023.
Who are the leading manufacturers of cobalt sulfate?
Prominent players in the market include Umicore, Dalian Alt Cobalt & Nickel New Materials Manufacturing Co. Ltd., and Freeport Cobalt Oy.
What is the estimated valuation of the market for 2033?
The market for cobalt sulfate is expected to reach a valuation of US$ 7.9 billion by 2033-end.
At what rate is the utilization of cobalt sulfate projected to rise in batteries and energy storage systems?
Use of cobalt sulfate in batteries and energy storage systems is projected to rise at a CAGR of 8.2% through 2033.
Which grade of cobalt sulfate accounts for higher demand?
Demand for battery-grade cobalt sulfate is projected to increase at a substantial CAGR of 7.9% from 2023 to 2033.
Cobalt Sulfate Market