Cobalt Recycling Market Size Rapidly Boom Worldwide CAGR of 12.7% by Forecast To 2031 | GEM, Umicore, TES

NEW YORK, (UNITED STATES) - QY Research announces the release of 2025 latest report "Cobalt Recycling Market". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Cobalt Recycling market, including market size, share, demand, industry development status, and forecasts for the next few years.

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The global Cobalt Recycling market is projected to grow from US$ 1.76 billion in 2025 to US$ 3.60 billion by 2031, at a Compound Annual Growth Rate (CAGR) of 12.7% during the forecast period. This expansion is fueled by increasing demand across diverse industries, advancements in technology, and the globalization of trade and supply chains. The market is poised for further growth, driven by innovation and the adoption of sustainable practices.

Cobalt recycling involves the process of recovering cobalt from used products, scraps, and industrial waste to reuse it in various applications. Given cobalt's critical role in many industries, including electronics, batteries (especially lithium-ion batteries), and superalloys, recycling is essential for conserving resources, reducing environmental impact, and maintaining a stable supply chain.

In 2016, Amnesty International, a US human rights organization, claimed that some companies, including Apple, Samsung Electronics, Sony, and Microsoft, purchased cobalt from producers who used minors to mine cobalt, which brought huge negative impacts to technology companies. Since then, a large number of technology companies have begun to make their supply chains transparent to verify that the cobalt they use comes from regular manufacturers. Recycled cobalt has received a lot of attention due to its completely green production. Apple announced that by 2025, all Apple-designed batteries will use 100% recycled cobalt. At the same time, with the rapid expansion of the electric vehicle (EV) industry, especially in the context of the global transition to renewable energy, the demand for cobalt as a key material in lithium-ion batteries has increased significantly. The application of recycled cobalt can effectively alleviate the problems of supply chain tension and insufficient cobalt resources in China.

In 2019, the global production of recycled cobalt was about 16,460 metal metric tons, of which cobalt from lithium battery waste accounted for 68.81%. In 2023, the global production of recycled cobalt will grow rapidly to 43,408 metal metric tons, of which 83.50% will come from lithium battery waste. It is estimated that in 2030, the global production of recycled cobalt will be 98,324 metal metric tons, with a compound annual growth rate of 9.86% from 2024 to 2030.

From the perspective of consumption regions, China occupies an absolute share. In 2023, China's recycled cobalt consumption will be 31,214 tons of metal, accounting for about 71.90% of the global market. China itself is a major producer and consumer of refined cobalt, producing and consuming 85% of the world's refined cobalt. With the development of electric vehicles, the lithium battery recycling industry in the United States and Europe is also developing rapidly. It is estimated that in 2030, the consumption of recycled cobalt in the United States and Europe will be 8,470 tons of metal and 10,171 tons of metal, respectively. In Africa, CNGR Advanced Material, a Chinese battery material giant, has built a new lithium battery ternary precursor material plant and recycling plant in Morocco, which has led to Morocco's emergence in the recycled cobalt market.

From the perspective of production companies, the world's top five recycled cobalt companies are all Chinese companies. The major global manufacturers of Recycled Cobalt include GEM, Huayou Holding Group, CNGR Advanced Material, BRUNP RECYCLING, Miracle Automation Engineering, Redwood Materials, Umicore, Guangdong Guanghua Sci-Tech, Ganzhou Highpower Technology, and TES, etc.

Global Cobalt Recycling Market Trends:-

Cobalt Recycling The pre- and post-period regulatory situation plays an important role in shaping market dynamics. As governments introduce and refine regulations governing the production, distribution, and sale of Cobalt Recycling products, businesses must navigate complex compliance requirements to ensure lawful operations. Regulatory clarity and consistency are key factors that positively impact markets, providing certainty for businesses and giving people confidence in product safety and quality standards. Additionally, regulatory developments such as the approval of Cobalt Recycling chemical and material products and the establishment Cobalt Recycling of cultivation programs are opening up new opportunities for market expansion while setting standards for best practices in the industry.

Methods of Research:-

The report has its roots truly set in thorough techniques provided with the aid of proficient facts analysts. the study's methodology includes the collection of information through analysts simplest to have them studied and filtered thoroughly in an try to provide good sized predictions approximately the marketplace over the evaluate length. The research method further consists of interviews with main market influencers, which makes the primary research applicable and realistic. The secondary methods give a direct peek into the demand and deliver connection. The market methodologies followed within the record offer specific facts analysis and provide a tour of the whole marketplace. Each number one and secondary techniques to data collection were used. In addition to these, publicly available assets together with annual reviews, and white papers had been utilized by records analysts for an insightful know-how of the marketplace.

Top Market Leader Included: -

GEM
Huayou Holding Group
CNGR Advanced Material
BRUNP RECYCLING
Miracle Automation Engineering
Redwood Materials
Umicore
Guangdong Guanghua Sci-Tech
Ganzhou Highpower Technology
TES

Cobalt Recycling Market Segmentation:-

Segment by Type:

Sources of Used Batteries
Sources of Cobalt Alloy Waste
Other

Segment by Application

Automotive Power Battery
Consumer Electronics Battery
Alloy
Other

Cobalt Recycling Market Geography:-

The Cobalt Recycling Market provides a diverse geographical landscape, with several areas exhibiting unique market characteristics. While some locations see rapid growth due to factors like economic expansion and technical advancements, other regions may experience slower but more consistent market expansion. Market trends vary greatly throughout regions due to factors including cultural influences, legal frameworks, and population developments. Businesses looking to go global must understand these regional differences and adjust their strategy to take advantage of local opportunities.

North America: Market size, growth drivers, and key players.

Europe: Regulatory environment and sustainability initiatives.

Asia-Pacific: Rapid industrialization and demand growth.

Latin America: Emerging markets and opportunities.

Middle East & Africa: Focus on petrochemicals and infrastructure development.

Emerging markets such as Southeast Asia, Eastern Europe, and Africa are identified as high-growth regions, driven by rapid industrialization and urbanization.

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Market Forecast -

Market Size Projection: Forecast for the next 5-10 years.

Growth Rate (CAGR): Expected compound annual growth rate.

Emerging Markets: Regions and segments with high growth potential.

Future Trends: Predictions for technological, regulatory, and market developments.

Key Success Factors -

Innovation and R&D: Importance of developing new materials and processes.

Sustainability: Role of green chemistry and circular economy practices.

Customer-Centric Solutions: Meeting the specific needs of end-use industries.

Strategic Partnerships: Collaborations to drive growth and innovation.

Key Questions Answered -

What is the current size of the Cobalt Recycling market, and what is its projected growth by 2031?

Which regions and segments are driving market growth?

Who are the leading players, and what are their strategies?

What are the major challenges and opportunities in the Cobalt Recycling industry?

How are technological advancements shaping the future of the market?

Strategic Points Covered in TOC :-

Report Overview: It provides a quick look at product and application segments of the global Cobalt Recycling market, major players, study objectives, years considered, and research scope.

Executive Summary: It provides an overview of the entire market research study and quick information on the global Cobalt Recycling market.

Marketing Strategy Analysis: It includes thorough analysis of downstream customers, distributors, and sales channels.

Market Influence Factors Analysis: It includes Porter's Five Forces Analysis of the global Cobalt Recycling market and an in-depth study on market risks, challenges, opportunities, and other dynamics.

Size Forecasts: The Cobalt Recycling report has analysed the industry based on the value and volume over the projected period. Other important parameters including price, capacity, cost, revenue, gross margin, sales revenue, and production are also looked into

Future Prospects: The Cobalt Recycling report sheds light on the lucrative business prospects that may prove promising for the players to make future investment

Trend Analysis: The readers will gain an insight into the upcoming trends and developments that may take place in the coming future

Market Size by Product and Application: It includes accurate market size forecasts for different product and application segments of the global Cobalt Recycling market.

Production by Regions: This section throws light on import and export scenarios, leading players, production value growth rate, and production growth rate of all regions included in the Cobalt Recycling report.

Competitive Analysis: The Cobalt Recycling report here discusses about the key strategic initiatives considered by the key players to sustain their hold. This analysis will surely help the competitors in planning their activities ahead.

Cost and Price Analysis: The authors of the report have taken into account almost all factors influencing the costing and pricing scenarios of the global Cobalt Recycling market.

Recommendations: Players can use the recommendations provided in the report to increase their competitiveness in the global Cobalt Recycling market.

Appendix: It covers a disclaimer, author details, data sources, research approach, and research methodology.

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