Cobalt Tetroxide Market Expected Grow at a CAGR of 8.9% by 2031 | Umicore, Freeport, Huayou Cobalt, Jinchuan Group

Los Angeles, United States - QY Research has unveiled its latest study titled "Global Cobalt Tetroxide Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This newly released report delivers a comprehensive overview of the global Cobalt Tetroxide market, analyzing the forces shaping its growth trajectory and providing valuable insights for stakeholders, investors, and industry professionals. the research covers key areas including market dynamics, segmentation, regional performance, competitive landscape, and emerging technology trends that are redefining industry standards. Backed by reliable data and expert analysis, the report serves as a trusted guide to understanding both microeconomic and macroeconomic factors driving market evolution.

The global market for Cobalt Tetroxide was estimated to be worth US$ 5510 million in 2024 and is forecast to a readjusted size of US$ 9833 million by 2031 with a CAGR of 8.9% during the forecast period 2025-2031.

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This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Cobalt Tetroxide cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Cobalt tetroxide (Co3O4) is an inorganic compound with a spinel crystal structure, composed of both divalent and trivalent cobalt ions. It appears as a fine black powder and is valued for its strong oxidation-reduction properties, high thermal stability, and excellent electronic conductivity. Industrially, cobalt tetroxide is primarily produced through the oxidation or calcination of cobalt hydroxide, cobalt carbonate, or other cobalt salts under controlled conditions. Its applications are diverse, with the largest share in the production of lithium-ion battery cathode materials, particularly lithium cobalt oxide (LiCoO2) for consumer electronics, as well as nickel-manganese-cobalt (NMC) and nickel-cobalt-aluminum (NCA) chemistries. Other uses include serving as a catalyst for environmental and chemical reactions, a pigment in ceramics and glass, and a functional material in gas sensors and supercapacitor electrodes. In 2024, global production reached approximately 190 thousand tons, with an average global market price of around US$29,000 per ton. Its combination of high purity, precise particle size control, and low impurity levels makes cobalt tetroxide a strategic material in high-performance applications.

Competitive Landscape: -

Umicore
Freeport
Huayou Cobalt
Jinchuan Group
CNGR
Yacheng New Energy
GEM
Nanjing Hanrui Cobalt
Ganzhou Tengyuan Cobalt New Material
Chengtun Mining
Nantong Xinwei

The competitive landscape is a must-have information for the market players to withstand the competition present in the global Cobalt Tetroxide market. This further helps the market participants to develop effective strategies to optimize their market positions. Moreover, the competitive analysis helps them to determine potential advantages as well as barriers within the global Cobalt Tetroxide market. This way, they can monitor how their competitors are implementing various strategies including pricing, marketing, and distribution.

Market Drivers and Growth -

The cobalt tetroxide market is closely linked to the global cobalt supply chain, which is influenced by mining output, geopolitical factors, and recycling trends. Lithium-ion battery manufacturing remains the dominant demand driver, accounting for the majority of global consumption, especially in the consumer electronics sector and in specialized battery formats requiring high energy density and stability. With the electric vehicle (EV) industry pushing toward lower cobalt content in cathode chemistries due to cost and supply security concerns, cobalt tetroxide demand for automotive batteries is less dominant compared to nickel-rich chemistries; however, it remains critical for niche high-performance and high-voltage applications. The catalyst sector is another important market, with Co3O4 used in oxidation of volatile organic compounds (VOCs), CO removal, and petrochemical processes. The ceramic and glass industry also represents a steady demand base, as cobalt-based pigments provide stable color performance under high-temperature firing. Asia-Pacific, led by China, accounts for the largest share of production and consumption, supported by its integrated cobalt refining, precursor manufacturing, and battery production capabilities.

Looking forward, the global cobalt tetroxide market is expected to experience moderate but stable growth, supported by sustained demand from the battery and catalyst sectors, alongside emerging applications in advanced materials. Recycling will play an increasingly important role, as the recovery of cobalt from spent lithium-ion batteries and industrial waste streams can help mitigate raw material supply risks and stabilize prices. Technological advancements in synthesis, such as controlled morphology production and nanostructured Co3O4, are opening opportunities in high-performance supercapacitors, electrochemical sensors, and catalytic converters. Environmental and social governance (ESG) pressures, including conflict mineral regulations and carbon footprint reduction targets, will influence sourcing strategies and drive investments in traceable and sustainable cobalt supply chains. While the ongoing trend toward cobalt reduction in EV cathodes may limit large-scale automotive demand, the stability, performance, and reliability of cobalt tetroxide in specific applications will secure its continued relevance in the global advanced materials market.

Regional Insights -

The report takes readers on a journey through four key regions: United States, Asia-Pacific, and EMEA. Key nations like the United States, Germany, the United Kingdom, China, Japan, South Korea, and more are thoroughly examined. The data is presented in a timeline from 2024 as the base year, with projections extending to 2031.

North America: United States, Canada, Mexico

Latin America: Brazil and other key markets

Asia Pacific: China, Japan, South Korea, India, ASEAN countries

Europe, Middle East & Africa (EMEA): Major European economies, GCC countries, and African nations

The report provides a region-wise breakdown of market share, consumption trends, and future prospects.

Detailed of Cobalt Tetroxide Market Segmentation -

The report offers great insights into important segments of the global Cobalt Tetroxide market while concentrating on their CAGR, market size, market share, and future growth potential. The global Cobalt Tetroxide market is mainly segmented according to type of product, application, and region. Each segment in these categories is extensively researched to become familiar with their growth prospects and key trends. Segmental analysis is highly important to identify key growth pockets of a global market. The report provides specific information on the market growth and demand of different products and applications to help players to focus on profitable areas of the global Cobalt Tetroxide market.

Segmentation By Type :-

Electronic Grade
Battery Grade
Others

Segmentation By Application -

Lithium-ion Battery
Electronics, Sensing & Energy Storage
Hard Alloy
Catalyst
Others

This segmentation helps identify high-growth opportunities and niche segments for investors and businesses.

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Why This Report is a Must-Have -

ᗒ Historical Analysis (2020-2024) & Forecasts (2025-2031): Gain a clear understanding of market trends and future growth potential.

ᗒ Comprehensive Market Segmentation: Detailed breakdown by Type, Application, and Region to identify lucrative opportunities.

ᗒ Competitive Landscape: Insights into key players, their market share, and strategic developments like mergers, acquisitions, and expansion plans.

ᗒ Drivers & Restraints: Understand the factors shaping the market's growth and the challenges that could impact your strategy.

ᗒ Expert Opinions & Market Dynamics: Benefit from expert analysis to navigate market risks and capitalize on emerging trends.

Cobalt Tetroxide Market Report Objectives -

(1) Analyzing the size of the global Cobalt Tetroxide market on the basis of value and volume

(2) Accurately calculating the market shares, consumption, and other vital factors of different segments of the global Cobalt Tetroxide market

(3) Exploring key dynamics of the global Cobalt Tetroxide market

(4) Highlighting important trends of the global Cobalt Tetroxide market in terms of production, revenue, and sales

(5) Deeply profiling top players of the global Cobalt Tetroxide market and showing how they compete in the industry

(6) Studying manufacturing processes and costs, product pricing, and various trends related to them

(7) Showing the performance of different regions and countries in the global Cobalt Tetroxide market

(8) Forecasting the market size and share of all segments, regions, and the global market.

Important Questions Answered included in the Report:-

(A) What is the market size and growth rate of the global and regional market by various segments?

(B) What is the market size and growth rate of the market for selective Countries?

(C) Which region or sub-segment is expected to drive the market in the forecast period?

(D) What factors are estimated to drive and restrain the market growth?

(E) What are the key technology and market trends shaping the market?

(F) what are the key opportunity in the market?

(G) Who are the leading manufacturers operating in the global Cobalt Tetroxide market?

(H) Which key player accounted for the highest market share?

(I) What are the growth opportunities for the new entrants in the global Cobalt Tetroxide market?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Cobalt Tetroxide Product Introduction
1.2 Global Cobalt Tetroxide Market Size Forecast
1.2.1 Global Cobalt Tetroxide Sales Value (2020-2031)
1.2.2 Global Cobalt Tetroxide Sales Volume (2020-2031)
1.2.3 Global Cobalt Tetroxide Sales Price (2020-2031)
1.3 Cobalt Tetroxide Market Trends & Drivers
1.3.1 Cobalt Tetroxide Industry Trends
1.3.2 Cobalt Tetroxide Market Drivers & Opportunity
1.3.3 Cobalt Tetroxide Market Challenges
1.3.4 Cobalt Tetroxide Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Cobalt Tetroxide Players Revenue Ranking (2024)
2.2 Global Cobalt Tetroxide Revenue by Company (2020-2025)
2.3 Global Cobalt Tetroxide Players Sales Volume Ranking (2024)
2.4 Global Cobalt Tetroxide Sales Volume by Company Players (2020-2025)
2.5 Global Cobalt Tetroxide Average Price by Company (2020-2025)
2.6 Key Manufacturers Cobalt Tetroxide Manufacturing Base and Headquarters
2.7 Key Manufacturers Cobalt Tetroxide Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Cobalt Tetroxide
2.9 Cobalt Tetroxide Market Competitive Analysis
2.9.1 Cobalt Tetroxide Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Cobalt Tetroxide Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Cobalt Tetroxide as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Electronic Grade
3.1.2 Battery Grade
3.1.3 Others
3.2 Global Cobalt Tetroxide Sales Value by Type
3.2.1 Global Cobalt Tetroxide Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Cobalt Tetroxide Sales Value, by Type (2020-2031)
3.2.3 Global Cobalt Tetroxide Sales Value, by Type (%) (2020-2031)
3.3 Global Cobalt Tetroxide Sales Volume by Type
3.3.1 Global Cobalt Tetroxide Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Cobalt Tetroxide Sales Volume, by Type (2020-2031)
3.3.3 Global Cobalt Tetroxide Sales Volume, by Type (%) (2020-2031)
3.4 Global Cobalt Tetroxide Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Lithium-ion Battery
4.1.2 Electronics, Sensing & Energy Storage
4.1.3 Hard Alloy
4.1.4 Catalyst
4.1.5 Others
4.2 Global Cobalt Tetroxide Sales Value by Application
4.2.1 Global Cobalt Tetroxide Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Cobalt Tetroxide Sales Value, by Application (2020-2031)
4.2.3 Global Cobalt Tetroxide Sales Value, by Application (%) (2020-2031)
4.3 Global Cobalt Tetroxide Sales Volume by Application
4.3.1 Global Cobalt Tetroxide Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Cobalt Tetroxide Sales Volume, by Application (2020-2031)
4.3.3 Global Cobalt Tetroxide Sales Volume, by Application (%) (2020-2031)
4.4 Global Cobalt Tetroxide Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Cobalt Tetroxide Sales Value by Region
5.1.1 Global Cobalt Tetroxide Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Cobalt Tetroxide Sales Value by Region (2020-2025)
5.1.3 Global Cobalt Tetroxide Sales Value by Region (2026-2031)
5.1.4 Global Cobalt Tetroxide Sales Value by Region (%), (2020-2031)
5.2 Global Cobalt Tetroxide Sales Volume by Region
5.2.1 Global Cobalt Tetroxide Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Cobalt Tetroxide Sales Volume by Region (2020-2025)
5.2.3 Global Cobalt Tetroxide Sales Volume by Region (2026-2031)
5.2.4 Global Cobalt Tetroxide Sales Volume by Region (%), (2020-2031)
5.3 Global Cobalt Tetroxide Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Cobalt Tetroxide Sales Value, 2020-2031
5.4.2 North America Cobalt Tetroxide Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Cobalt Tetroxide Sales Value, 2020-2031
5.5.2 Europe Cobalt Tetroxide Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Cobalt Tetroxide Sales Value, 2020-2031
5.6.2 Asia Pacific Cobalt Tetroxide Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Cobalt Tetroxide Sales Value, 2020-2031
5.7.2 South America Cobalt Tetroxide Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Cobalt Tetroxide Sales Value, 2020-2031
5.8.2 Middle East & Africa Cobalt Tetroxide Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Cobalt Tetroxide Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Cobalt Tetroxide Sales Value and Sales Volume
6.2.1 Key Countries/Regions Cobalt Tetroxide Sales Value, 2020-2031
6.2.2 Key Countries/Regions Cobalt Tetroxide Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Cobalt Tetroxide Sales Value, 2020-2031
6.3.2 United States Cobalt Tetroxide Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Cobalt Tetroxide Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Cobalt Tetroxide Sales Value, 2020-2031
6.4.2 Europe Cobalt Tetroxide Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Cobalt Tetroxide Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Cobalt Tetroxide Sales Value, 2020-2031
6.5.2 China Cobalt Tetroxide Sales Value by Type (%), 2024 VS 2031
6.5.3 China Cobalt Tetroxide Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Cobalt Tetroxide Sales Value, 2020-2031
6.6.2 Japan Cobalt Tetroxide Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Cobalt Tetroxide Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Cobalt Tetroxide Sales Value, 2020-2031
6.7.2 South Korea Cobalt Tetroxide Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Cobalt Tetroxide Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Cobalt Tetroxide Sales Value, 2020-2031
6.8.2 Southeast Asia Cobalt Tetroxide Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Cobalt Tetroxide Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Cobalt Tetroxide Sales Value, 2020-2031
6.9.2 India Cobalt Tetroxide Sales Value by Type (%), 2024 VS 2031
6.9.3 India Cobalt Tetroxide Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Umicore
7.1.1 Umicore Company Information
7.1.2 Umicore Introduction and Business Overview
7.1.3 Umicore Cobalt Tetroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Umicore Cobalt Tetroxide Product Offerings
7.1.5 Umicore Recent Development
7.2 Freeport
7.2.1 Freeport Company Information
7.2.2 Freeport Introduction and Business Overview
7.2.3 Freeport Cobalt Tetroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Freeport Cobalt Tetroxide Product Offerings
7.2.5 Freeport Recent Development
7.3 Huayou Cobalt
7.3.1 Huayou Cobalt Company Information
7.3.2 Huayou Cobalt Introduction and Business Overview
7.3.3 Huayou Cobalt Cobalt Tetroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Huayou Cobalt Cobalt Tetroxide Product Offerings
7.3.5 Huayou Cobalt Recent Development
7.4 Jinchuan Group
7.4.1 Jinchuan Group Company Information
7.4.2 Jinchuan Group Introduction and Business Overview
7.4.3 Jinchuan Group Cobalt Tetroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Jinchuan Group Cobalt Tetroxide Product Offerings
7.4.5 Jinchuan Group Recent Development
7.5 CNGR
7.5.1 CNGR Company Information
7.5.2 CNGR Introduction and Business Overview
7.5.3 CNGR Cobalt Tetroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 CNGR Cobalt Tetroxide Product Offerings
7.5.5 CNGR Recent Development
7.6 Yacheng New Energy
7.6.1 Yacheng New Energy Company Information
7.6.2 Yacheng New Energy Introduction and Business Overview
7.6.3 Yacheng New Energy Cobalt Tetroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Yacheng New Energy Cobalt Tetroxide Product Offerings
7.6.5 Yacheng New Energy Recent Development
7.7 GEM
7.7.1 GEM Company Information
7.7.2 GEM Introduction and Business Overview
7.7.3 GEM Cobalt Tetroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 GEM Cobalt Tetroxide Product Offerings
7.7.5 GEM Recent Development
7.8 Nanjing Hanrui Cobalt
7.8.1 Nanjing Hanrui Cobalt Company Information
7.8.2 Nanjing Hanrui Cobalt Introduction and Business Overview
7.8.3 Nanjing Hanrui Cobalt Cobalt Tetroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Nanjing Hanrui Cobalt Cobalt Tetroxide Product Offerings
7.8.5 Nanjing Hanrui Cobalt Recent Development
7.9 Ganzhou Tengyuan Cobalt New Material
7.9.1 Ganzhou Tengyuan Cobalt New Material Company Information
7.9.2 Ganzhou Tengyuan Cobalt New Material Introduction and Business Overview
7.9.3 Ganzhou Tengyuan Cobalt New Material Cobalt Tetroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Ganzhou Tengyuan Cobalt New Material Cobalt Tetroxide Product Offerings
7.9.5 Ganzhou Tengyuan Cobalt New Material Recent Development
7.10 Chengtun Mining
7.10.1 Chengtun Mining Company Information
7.10.2 Chengtun Mining Introduction and Business Overview
7.10.3 Chengtun Mining Cobalt Tetroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Chengtun Mining Cobalt Tetroxide Product Offerings
7.10.5 Chengtun Mining Recent Development
7.11 Nantong Xinwei
7.11.1 Nantong Xinwei Company Information
7.11.2 Nantong Xinwei Introduction and Business Overview
7.11.3 Nantong Xinwei Cobalt Tetroxide Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Nantong Xinwei Cobalt Tetroxide Product Offerings
7.11.5 Nantong Xinwei Recent Development
8 Industry Chain Analysis
8.1 Cobalt Tetroxide Industrial Chain
8.2 Cobalt Tetroxide Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Cobalt Tetroxide Sales Model
8.5.2 Sales Channel
8.5.3 Cobalt Tetroxide Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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