Press release
Cobalt Sulphate Market to Soar to USD 1.81 Billion by 2030, Driven by 6.2% CAGR
Cobalt Sulphate Market
Download PDF Brochure: https://www.maximizemarketresearch.com/request-sample/31875/
United States - Growth & Opportunities
The United States is experiencing sustained growth driven by increasing EV battery production and robust demand from aerospace and electronics industries.
M&A & Consolidation:
Freeport‐McMoRan's divestment of certain cobalt assets to Nicomet (2024) reflects strategic portfolio focusing.
Key Developments:
Recent investments in battery-grade cobalt production facilities underscore efforts to secure domestic supply chains and reduce import dependence, especially as EV adoption accelerates.
Asia Pacific - Opportunity & Trends
The Asia Pacific region dominates with nearly 50% market share, driven by booming lithium‐ion battery manufacturing in China, India, South Korea, and Japan.
M&A & Partnerships:
Huayou Cobalt's acquisition of a strategic cobalt mine in the DRC (2023) strengthens feedstock security.
Freeport‐McMoRan's joint venture with Umicore in Indonesia (2024) focuses on refining battery‐grade cobalt sulphate.
Key Developments:
Rapid expansion of battery gigafactories, especially in China, has led to new processing plants and stronger vertical integration across the region.
Europe - Trends & Consolidation
Europe's market growth is propelled by stringent environmental regulations, EV incentives, and strong demand from automotive and aerospace sectors.
M&A & Consolidation:
Norilsk Nickel's merger with Zhangjiagang Huayi Chemical's cobalt refining arm (2024) enhances efficiency across EU-China supply chains.
Umicore's acquisition of a French cobalt sulphate facility (2023) supports its European battery materials strategy.
Key Developments:
The EU's Critical Raw Materials Act has encouraged investments in regional cobalt processing capacity and recycling infrastructure.
Middle East & Africa - Updation & Opportunity
While still emerging, the Middle East & Africa region is gaining traction due to projects targeting downstream battery material capabilities.
M&A & Partnerships:
CMOC Group Limited's acquisition of a South African cobalt processing plant (2024) marks its expansion in Africa.
Strategic alliances between regional players and Freeport‐McMoRan focus on improving supply chain resilience.
Key Developments:
Several GCC governments announced funding for battery materials hubs in 2024, signaling early-stage initiatives to enter the EV materials space.
Industry Outlook & Strategic Takeaways
With global cobalt demand projected to exceed supply by early 2030s-growing roughly at 7% CAGR, driven by electric vehicles contributing 57% of usage-cobalt sulphate markets are positioning for premium pricing and strategic resource investment:
Asia Pacific: Continue leading with massive EV battery manufacturing and integration.
Europe & U.S.: Capitalize on policies promoting domestic material processing and supply chain security.
Middle East & Africa: Position emerging facilities to serve battery OEMs and support diversification away from traditional sectors.
Curious to peek inside? Grab your sample copy of this report now: https://www.maximizemarketresearch.com/request-sample/31875/
Cobalt Sulphate Market Segmentation:
by Application
Superalloy
Hard facing/HSS & Other Alloy
Magnet
Hard Material
Catalyst
Color
Battery
Others
Because batteries are used most frequently in consumer electronics, stationary storage, and passenger electric vehicles, the battery category held the largest proportion of the cobalt sulphate market in 2023. By 2030, it is anticipated that the demand for lithium would reach 50,000 MT. To meet the growing demand for lithium batteries in a variety of applications, there are now about 350 active lithium mining operations. The market for cobalt sulphate is driven by the expansion of end-use sectors such pigment, ceramic, glass, and batteries. However, because of the health risks associated with the cobalt sulphate sector, the market's growth is anticipated to be impacted.
For Customization of the report, please refer to this link: https://www.maximizemarketresearch.com/market-report/global-cobalt-sulphate-market/31875/
Key Players:
Freeport-McMoRan
Huayou Cobalt
Nicomet
Norilsk Nickel
Umicore
Zhangjiagang Huayi Chemical
Jiayuan Cobalt Holdings
Shepherd Chemical
Flexsys
Katanga
Josephine Mining
PJSC MMC Norilsk Nickel
Freeport Cobalt Oy
Nantong Xinwei Nickel & Cobalt Hightech Development Co., Ltd.
ALT Cobalt & Nickel Products (Dalian) C o., Ltd.
Jiayuan Cobalt Holdings Limited
INCASA SA
Cangzhou Tengyuan Cobalt Industry Co., Ltd.
Zhangjiagang Huayi Chemical Co., Ltd.
MMC Norilsk Nickel
Dalian Ruiyuan
Hebei Kingway
Catch Up with Trending Topics:
♦ Phthalic Anhydride Market https://www.maximizemarketresearch.com/market-report/global-phthalic-anhydride-market/24477/
♦ Global Green Building Materials Market https://www.maximizemarketresearch.com/market-report/global-green-building-materials-market/30114/
♦ Bitumen Market https://www.maximizemarketresearch.com/market-report/global-bitumen-market/18574/
♦ Green Packaging Market https://www.maximizemarketresearch.com/market-report/green-packaging-market/14413/
♦ Global Ion Exchange Resins Market https://www.maximizemarketresearch.com/market-report/global-ion-exchange-resins-market/30790/
♦ Global Zinc Air Batteries Market https://www.maximizemarketresearch.com/market-report/global-zinc-air-batteries-market/63626/
♦ Global Exterior Insulation and Finish Systems (EIFS) Market https://www.maximizemarketresearch.com/market-report/global-exterior-insulation-and-finish-systems-eifs-market/27409/
♦ Global Slate Minerals Market https://www.maximizemarketresearch.com/market-report/global-slate-minerals-market/72530/
♦ offshore energy storage market https://www.maximizemarketresearch.com/market-report/global-offshore-energy-storage-market/68182/
♦ India Ultra-high-purity Anhydrous Hydrogen Chloride (HCl) Gas Market https://www.maximizemarketresearch.com/market-report/india-ultra-high-purity-anhydrous-hydrogen-chloride-hcl-gas-market/41411/
Contact Us:
MAXIMIZE MARKET RESEARCH PVT. LTD.
2nd Floor, Navale IT park Phase 3,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com
About Us:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cobalt Sulphate Market to Soar to USD 1.81 Billion by 2030, Driven by 6.2% CAGR here
News-ID: 4101040 • Views: …
More Releases from Maximize Market Research Pvt. Ltd.
Global Mayonnaise Market to Reach USD 44.53 Billion by 2032, Growing at a CAGR o …
Opening Paragraph
According to a new report by Maximize Market Research, the global Mayonnaise Market was valued at USD 15.07 billion in 2024 and is projected to reach USD 44.53 billion by 2032, growing at a CAGR of 14.5% from 2025 to 2032. The market growth is driven by consumer demand for healthier, plant-based alternatives, flavored variants, and innovative product offerings in the condiment industry.
Want to know more? Request your sample…
Global AI in Telecommunication Market to Reach USD 39.83 Million by 2030, Growin …
Opening Paragraph
According to a new report by Maximize Market Research, the global AI in Telecommunication market was valued at USD 2.49 million in 2023 and is projected to reach USD 39.83 million by 2030, growing at a CAGR of 48.55% during the forecast period. The market expansion is fueled by the adoption of AI technologies to enhance customer experience, predictive maintenance, network security, and automated telecommunication operations.
Interested in detailed insights?…
Global Semiconductor Assembly and Testing Services Market to Reach USD 61.46 Bil …
Opening Paragraph
According to a new report by Maximize Market Research, the global Semiconductor Assembly and Testing Services (SATS) market was valued at USD 39.21 billion in 2024 and is projected to reach USD 61.46 billion by 2032, growing at a CAGR of 5.78% during the forecast period. Growth is fueled by demand for high-performance semiconductor devices in consumer electronics, automotive, and data center applications.
Gain more details with a free sample…
Global Server Operating System Market to Reach USD 327.95 Billion by 2030, Growi …
♦ Opening Paragraph
According to a new report by Maximize Market Research, the global server operating system market was valued at USD 145.14 billion in 2023 and is projected to reach USD 327.95 billion by 2030, growing at a CAGR of 12.35% during the forecast period. The growth is fueled by increased demand for secure, scalable, and cost-effective server solutions in enterprise IT and cloud computing environments.
♦ Need more information? Inquire…
More Releases for Cobalt
Cobalt Powder Market Growth Opportunities And Forecast to 2033 Hanrui Cobalt, Um …
Cobalt powder is a fine, metallic powder derived from the element cobalt, which is a transition metal. It is commonly used in various industrial applications, such as the production of high-performance alloys, magnets, and catalysts. Cobalt powder is known for its ability to withstand high temperatures and corrosion, making it crucial in aerospace, electronics, and battery technologies. It is also used in the manufacturing of rechargeable batteries, particularly in lithium-ion…
Global Cobalt Hydroxide Market 2024 Targets Impressive Growth of 8.97% CAGR (202 …
The global Cobalt Hydroxide Market size reached 163.84 USD Million in 2023. Looking forward, MarketsGlob expects the market to reach 325.74 USD Million by 2031, exhibiting a growth rate (CAGR) of 8.97% during 2024-2031.
The worldwide market research report for Cobalt Hydroxide presents a thorough examination of the market environment. This includes a detailed evaluation of prominent industry leaders, pricing patterns, as well as the broader factors influencing the market, both…
Cobalt Powder Market 2023 Leading Competitors - Umicore, Freeport Cobalt, Hanrui …
Global Cobalt Powder Market prepared by MarketsandResearch.biz features a detailed overview of different industry segments, including influential leading players and their visions, to assist readers in evaluating growth opportunities. The report provides many business organizations with the required information to proliferate their business' reach within the global Cobalt Powder market. The report is the collection of all the market-related details right from the finances, regional development to the future market…
Cobalt Powder Market Upcoming Trends, Top Company Analysis and Forecast by 2028 …
The Cobalt Powder global market is thoroughly researched in this report, noting important aspects like market competition, global and regional growth, market segmentation and market structure. The report author analysts have estimated the size of the global market in terms of value and volume using the latest research tools and techniques. The report also includes estimates for market share, revenue, production, consumption, gross profit margin, CAGR, and other key factors.…
Cobalt Hydroxide Oxide (CAS 12016-80-7) Market Actual Need Outlook, Supportive J …
Report Ocean releases a new report about Global Cobalt Hydroxide Oxide (CAS 12016-80-7) Market analysis and insights, which aims to provide deep insight into numerous factors that are vital to the growth of this industry.
The information presented in this report will chart trends in the market, analyst opinions and views, competitive landscapes, and key regions from a systematic perspective. A report on the Global Cobalt Hydroxide Oxide (CAS 12016-80-7) Market…
Cobalt Sulphate Market to see 1.8% CAGR till 2023 | Freeport Cobalt Oy, Ganzhou …
The research offers a detailed segmentation of the global sulphate market. Key segments analyzed in the research include type, process, shell material, application, end user and geography. Extensive analysis of sales, revenue, growth rate, and market share of each type, process, shell material, application and end user for the historic period and the forecast period is offered with the help of tables.
The market is analyzed based on regions and competitive…
