Cobalt Market Research Report By Form (Chemical Compound, Metal and Purchased Scrap), Application (Battery Chemicals, Super Alloy, Ceramic & Pigments, Hard Metals, Magnets, Life Science, Binder Material) - Forecast till 2030

1 Executive Summary

2 Market Introduction

2.1 Market Definition 16

2.2 Scope of the Study 16

2.3 List of Assumptions 17

2.4 Market Structure 17

3 Research Methodology

3.1 Research Process 19

3.2 Primary Research 20

3.3 Secondary Research 21

3.4 Market Size Estimation 21

3.5 Forecast Model 22

4 Market Dynamics

4.1 Introduction 24

4.2 Drivers 25

4.2.1 Increase in electric vehicle demand coupled with battery consumption 25

4.2.2 Growing use of cobalt for metallurgical uses primarily in high-temperature alloys 26

4.2.3 Drivers Impact Analysis 27

4.3 Restraint 27

4.3.1 High Cost of Cobalt 27

4.3.2 Restraints Impact Analysis 28

4.4 Opportunities 28

4.4.1 Rising Application of Cobalt in Medical Sector 28

5 Market Factor Analysis

5.1 Supply Chain Analysis 30

5.1.1 Raw Material Suppliers 30

5.1.2 Cobalt Manufacturers 30

5.1.3 Distribution Channel 31

5.1.4 Applications 31

5.2 Porter’s Five Forces Analysis 31

5.2.1 Threat of New Entrants 31

5.2.2 Intensity of Rivalry 32

5.2.3 Threat of Substitutes 32

5.2.4 Bargaining Power of Suppliers 32

5.2.5 Bargaining Power of Buyers 32

6 Global Cobalt Market, by Form

6.1 Introduction 34

6.2 Chemical Compound 36

6.3 Metal 37

6.4 Purchased Scrap 38

7 Global Cobalt Market, by Application

7.1 Introduction 41

7.2 Battery Chemicals 43

7.3 Super Alloy 44

7.4 Ceramic & Pigments 45

7.5 Hard Metals 46

7.6 Magnets 47

7.7 Life Science 48

7.8 Binder Material 49

7.9 Others 50

8 Global Cobalt Market, by Region

8.1 Introduction 53

8.2 North America 53

8.2.1 US 56

8.2.2 Canada 58

8.3 Europe 61

8.3.1 Germany 64

8.3.2 UK 66

8.3.3 Russia 68

8.3.4 France 70

8.3.5 Spain 72

8.3.6 Italy 74

8.3.7 Rest of the Europe 76

8.4 Asia Pacific 79

8.4.1 China 81

8.4.2 Japan 84

8.4.3 India 86

8.4.4 South Korea 88

8.4.5 Rest of the Asia Pacific 90

8.5 Latin America 92

8.5.1 Brazil 95

8.5.2 Argentina 96

8.5.3 Mexico 99

8.5.4 Rest of the Latin America 100

8.6 Middle East & Africa 103

8.6.1 GCC 106

8.6.2 Turkey 108

8.6.3 Africa 110

8.6.4 Rest of the Middle East & Africa 112

9 Competitive Landscape

9.1 Introduction 115

9.2 Market Strategy Analysis 115

10 Company Profiles

10.1 Umicore 118

10.1.1 Company Overview 118

10.1.2 Financial Overview 118

10.1.3 Products Offered 119

10.1.4 Key Developments 119

10.1.5 SWOT Analysis 120

10.1.6 Key Strategies 120

10.2 Glencore 121

10.2.1 Company Overview 121

10.2.2 Financial Overview 121

10.2.3 Products Offered 122

10.2.4 Key Developments 122

10.2.5 SWOT Analysis 122

10.2.6 Key Strategies 122

10.3 Jinchuan Group International Resources Co. Ltd 123

10.3.1 Company Overview 123

10.3.2 Financial Overview 123

10.3.3 Products Offered 124

10.3.4 Key Developments 124

10.3.5 SWOT Analysis 124

10.3.6 Key Strategies 124

10.4 Huayou Cobalt Co., Ltd 125

10.4.1 Company Overview 125

1.4.2 Financial Overview 125

10.4.2 Products Offered 126

10.4.3 Key Developments 126

10.4.4 SWOT Analysis 126

10.4.5 Key Strategies 126

10.5 Freeport Cobalt 127

10.5.1 Company Overview 127

10.5.2 Financial Overview 127

10.5.3 Products Offered 127

10.5.4 Key Developments 128

10.5.5 SWOT Analysis 128

10.5.6 Key Strategies 128

10.6 Sherritt International Corporation 129

10.6.1 Company Overview 129

10.6.2 Financial Overview 129

10.6.3 Products Offered 130

10.6.4 Key Developments 130

10.6.5 SWOT Analysis 130

10.6.6 Key Strategies 130

10.7 BHP 131

10.7.1 Company Overview 131

10.7.2 Financial Overview 131

10.7.3 Products Offered 131

10.7.4 Key Developments 132

10.7.5 SWOT Analysis 132

10.7.6 Key Strategies 132

10.8 Eramet 133

10.8.1 Company Overview 133

10.8.2 Financial Overview 133

10.8.3 Products Offered 133

10.8.4 Key Developments 134

10.8.5 SWOT Analysis 134

10.8.6 Key Strategies 134

10.9 Vale 135

10.9.1 Company Overview 135

10.9.2 Financial Overview 135

10.9.3 Products Offered 135

10.9.4 Key Developments 136

10.9.5 SWOT Analysis 136

10.9.6 Key Strategies 136

10.10 Votorantim Metais SA 137

10.10.1 Company Overview 137

10.10.2 Financial Overview 137

10.10.3 Products Offered 137

10.10.4 Key Developments 137

10.10.5 SWOT Analysis 137

10.10.6 Key Strategies 137

10.11 Sumitomo Corporation 138

10.11.1 Company Overview 138

10.11.2 Financial Overview 138

10.11.3 Products Offered 138

10.11.4 Key Developments 139

10.11.5 SWOT Analysis 139

10.11.6 Key Strategies 139

11 Conclusion

11.1 Key Findings 140

12 List of Tables

TABLE 1 MARKET SYNOPSIS 14

TABLE 2 LIST OF ASSUMPTIONS 17

TABLE 3 GLOBAL COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 34

TABLE 4 GLOBAL COBALT MARKET, BY FORM (KT) (2016–2027) 35

TABLE 5 GLOBAL COBALT MARKET FOR CHEMICAL COMPOUND (USD MILLION) (2016–2027) 36

TABLE 6 GLOBAL COBALT MARKET FOR CHEMICAL COMPOUND (KT) (2016–2027) 37

TABLE 7 GLOBAL COBALT MARKET FOR METAL (USD MILLION) (2016–2027) 37

TABLE 8 GLOBAL COBALT MARKET FOR METAL (KT) (2016–2027) 38

TABLE 9 GLOBAL COBALT MARKET FOR PURCHASED SCRAP (USD MILLION) (2016–2027) 38

TABLE 10 GLOBAL COBALT MARKET FOR PURCHASED SCRAP (KT ) (2016–2027) 39

TABLE 11 GLOBAL COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 41

TABLE 12 GLOBAL COBALT MARKET, BY APPLICATION (KILO TONS) (2016–2027) 42

TABLE 13 GLOBAL COBALT MARKET FOR BATTERY CHEMICALS (USD MILLION) (2016–2027) 43

TABLE 14 GLOBAL COBALT MARKET FOR BATTERY CHEMICALS (KT) (2016–2027) 43

TABLE 15 GLOBAL COBALT MARKET FOR SUPER ALLOYS (USD MILLION) (2016–2027) 44

TABLE 16 GLOBAL COBALT MARKET FOR SUPER ALLOYS (KT) (2016–2027) 45

TABLE 17 GLOBAL COBALT MARKET FOR CERAMICS & PIGMENTS (USD MILLION) (2016–2027) 45

TABLE 18 GLOBAL COBALT MARKET FOR CERAMICS & PIGMENTS (KT) (2016–2027) 46

TABLE 19 GLOBAL COBALT MARKET FOR HARD METALS (USD MILLION) (2016–2027) 46

TABLE 20 GLOBAL COBALT MARKET FOR HARD METALS (KT) (2016–2027) 47

TABLE 21 GLOBAL COBALT MARKET FOR MAGNETS (USD MILLION) (2016–2027) 47

TABLE 22 GLOBAL COBALT MARKET FOR MAGNETS (KT) (2016–2027) 48

TABLE 23 GLOBAL COBALT MARKET FOR LIFE SCIENCE (USD MILLION) (2016–2027) 48

TABLE 24 GLOBAL COBALT MARKET FOR LIFE SCIENCE (KT) (2016–2027) 49

TABLE 25 GLOBAL COBALT MARKET FOR BINDER MATERIAL (USD MILLION) (2016–2027) 49

TABLE 26 GLOBAL COBALT MARKET FOR BINDER MATERIAL (KT) (2016–2027) 50

TABLE 27 GLOBAL COBALT MARKET FOR OTHERS (USD MILLION) (2016–2027) 50

TABLE 28 GLOBAL COBALT MARKET FOR OTHERS (KT) (2016–2027) 51

TABLE 29 NORTH AMERICA COBALT MARKET, BY COUNTRY (USD MILLION) (2016–2027) 53

TABLE 30 NORTH AMERICA COBALT MARKET, BY COUNTRY (KT) (2016–2027) 54

TABLE 31 NORTH AMERICA COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 54

TABLE 32 NORTH AMERICA COBALT MARKET, BY FORM (KT) (2016–2027) 55

TABLE 33 NORTH AMERICA COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 55

TABLE 34 NORTH AMERICA COBALT MARKET, BY APPLICATION (KT) (2016–2027) 56

TABLE 35 US COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 56

TABLE 36 US COBALT MARKET, BY FORM (KT) (2016–2027) 57

TABLE 37 US COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 57

TABLE 38 US COBALT MARKET, BY APPLICATION (KT) (2016–2027) 58

TABLE 39 CANADA COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 58

TABLE 40 CANADA COBALT MARKET, BY FORM (KT) (2016–2027) 59

TABLE 41 CANADA COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 59

TABLE 42 CANADA COBALT MARKET, BY APPLICATION (KT) (2016–2027) 60

TABLE 43 EUROPE COBALT MARKET, BY COUNTRY (USD MILLION) (2016–2027) 61

TABLE 44 EUROPE COBALT MARKET, BY COUNTRY (KT) (2016–2027) 62

TABLE 45 EUROPE COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 62

TABLE 46 EUROPE COBALT MARKET, BY FORM (KT) (2016–2027) 63

TABLE 47 EUROPE COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 63

TABLE 48 EUROPE COBALT MARKET, BY APPLICATION (KT) (2016–2027) 64

TABLE 49 GERMANY COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 64

TABLE 50 GERMANY COBALT MARKET, BY FORM (KT) (2016–2027) 65

TABLE 51 GERMANY COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 65

TABLE 52 GERMANY COBALT MARKET, BY APPLICATION (KT) (2016–2027) 66

TABLE 53 UK COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 66

TABLE 54 UK COBALT MARKET, BY FORM (KT) (2016–2027) 67

TABLE 55 UK COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 67

TABLE 56 UK COBALT MARKET, BY APPLICATION (KT) (2016–2027) 68

TABLE 57 RUSSIA COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 68

TABLE 58 RUSSIA COBALT MARKET, BY FORM (KT) (2016–2027) 69

TABLE 59 RUSSIA COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 69

TABLE 60 RUSSIA COBALT MARKET, BY APPLICATION (KT) (2016–2027) 70

TABLE 61 FRANCE COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 70

TABLE 62 FRANCE COBALT MARKET, BY FORM (KT) (2016–2027) 71

TABLE 63 FRANCE COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 71

TABLE 64 FRANCE COBALT MARKET, BY APPLICATION (KT) (2016–2027) 72

TABLE 65 SPAIN COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 72

TABLE 66 SPAIN COBALT MARKET, BY FORM (KT) (2016–2027) 73

TABLE 67 SPAIN COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 73

TABLE 68 SPAIN COBALT MARKET, BY APPLICATION (KT) (2016–2027) 74

TABLE 69 ITALY COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 74

TABLE 70 ITALY COBALT MARKET, BY FORM (KT) (2016–2027) 75

TABLE 71 ITALY COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 75

TABLE 72 ITALY COBALT MARKET, BY APPLICATION (KT) (2016–2027) 76

TABLE 73 REST OF THE EUROPE COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 76

TABLE 74 REST OF THE EUROPE COBALT MARKET, BY FORM (KT) (2016–2027) 77

TABLE 75 REST OF THE EUROPE COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 77

TABLE 76 REST OF THE EUROPE COBALT MARKET, BY APPLICATION (KT) (2016–2027) 78

TABLE 77 ASIA PACIFIC COBALT MARKET, BY COUNTRY (USD MILLION) (2016–2027) 79

TABLE 78 ASIA PACIFIC COBALT MARKET, BY COUNTRY (KT) (2016–2027) 79

TABLE 79 ASIA PACIFIC COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 80

TABLE 80 ASIA PACIFIC COBALT MARKET, BY FORM (KT) (2016–2027) 80

TABLE 81 ASIA PACIFIC COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 81

TABLE 82 ASIA PACIFIC COBALT MARKET, BY APPLICATION (KT) (2016–2027) 81

TABLE 83 CHINA COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 81

TABLE 84 CHINA COBALT MARKET, BY FORM (KT) (2016–2027) 82

TABLE 85 CHINA COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 83

TABLE 86 CHINA COBALT MARKET, BY APPLICATION (KT) (2016–2027) 83

TABLE 87 JAPAN COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 84

TABLE 88 JAPAN COBALT MARKET, BY FORM (KT) (2016–2027) 84

TABLE 89 JAPAN COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 85

TABLE 90 JAPAN COBALT MARKET, BY APPLICATION (KT) (2016–2027) 85

TABLE 91 INDIA COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 86

TABLE 92 INDIA COBALT MARKET, BY FORM (KT) (2016–2027) 86

TABLE 93 INDIA COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 87

TABLE 94 INDIA COBALT MARKET, BY APPLICATION (KT) (2016–2027) 87

TABLE 95 SOUTH KOREA COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 88

TABLE 96 SOUTH KOREA COBALT MARKET, BY FORM (KT) (2016–2027) 88

TABLE 97 SOUTH KOREA COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 89

TABLE 98 SOUTH KOREA COBALT MARKET, BY APPLICATION (KT) (2016–2027) 89

TABLE 99 REST OF THE ASIA PACIFIC COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 90

TABLE 100 REST OF THE ASIA PACIFIC COBALT MARKET, BY FORM (KT) (2016–2027) 90

TABLE 101 REST OF THE ASIA PACIFIC COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 91

TABLE 102 REST OF THE ASIA PACIFIC COBALT MARKET, BY APPLICATION (KT) (2016–2027) 91

TABLE 103 LATIN AMERICA COBALT MARKET, BY COUNTRY (USD MILLION) (2016–2027) 92

TABLE 104 LATIN AMERICA COBALT MARKET, BY COUNTRY (KT) (2016–2027) 92

TABLE 105 LATIN AMERICA COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 93

TABLE 106 LATIN AMERICA COBALT MARKET, BY FORM (KT) (2016–2027) 93

TABLE 107 LATIN AMERICA COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 94

TABLE 108 LATIN AMERICA COBALT MARKET, BY APPLICATION (KT) (2016–2027) 94

TABLE 109 BRAZIL COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 95

TABLE 110 BRAZIL COBALT MARKET, BY FORM (KT) (2016–2027) 95

TABLE 111 BRAZIL COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 96

TABLE 112 BRAZIL COBALT MARKET, BY APPLICATION (KT) (2016–2027) 96

TABLE 113 ARGENTINA COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 96

TABLE 114 ARGENTINA COBALT MARKET, BY FORM (KT) (2016–2027) 97

TABLE 115 ARGENTINA COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 98

TABLE 116 ARGENTINA COBALT MARKET, BY APPLICATION (KT) (2016–2027) 98

TABLE 117 MEXICO COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 99

TABLE 118 MEXICO COBALT MARKET, BY FORM (KT) (2016–2027) 99

TABLE 119 MEXICO COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 100

TABLE 120 MEXICO COBALT MARKET, BY APPLICATION (KT) (2016–2027) 100

TABLE 121 REST OF THE LATIN AMERICA COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 100

TABLE 122 REST OF THE LATIN AMERICA COBALT MARKET, BY FORM (KT) (2016–2027) 101

TABLE 123 REST OF THE LATIN AMERICA COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 102

TABLE 124 REST OF THE LATIN AMERICA COBALT MARKET, BY APPLICATION (KT) (2016–2027) 102

TABLE 125 MIDDLE EAST & AFRICA COBALT MARKET, BY COUNTRY (USD MILLION) (2016–2027) 103

TABLE 126 MIDDLE EAST & AFRICA COBALT MARKET, BY COUNTRY (KT) (2016–2027) 103

TABLE 127 MIDDLE EAST & AFRICA COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 104

TABLE 128 MIDDLE EAST & AFRICA COBALT MARKET, BY FORM (KT) (2016–2027) 104

TABLE 129 MIDDLE EAST & AFRICA COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 105

TABLE 130 MIDDLE EAST & AFRICA COBALT MARKET, BY APPLICATION (KT) (2016–2027) 105

TABLE 131 GCC COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 106

TABLE 132 GCC COBALT MARKET, BY FORM (KT) (2016–2027) 106

TABLE 133 GCC COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 107

TABLE 134 GCC COBALT MARKET, BY APPLICATION (KT) (2016–2027) 107

TABLE 135 TURKEY COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 108

TABLE 136 TURKEY COBALT MARKET, BY FORM (KT) (2016–2027) 108

TABLE 137 TURKEY COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 109

TABLE 138 TURKEY COBALT MARKET, BY APPLICATION (KT) (2016–2027) 109

TABLE 139 AFRICA COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 110

TABLE 140 AFRICA COBALT MARKET, BY FORM (KT) (2016–2027) 110

TABLE 141 AFRICA COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 111

TABLE 142 AFRICA COBALT MARKET, BY APPLICATION (KT) (2016–2027) 111

TABLE 143 REST OF THE MIDDLE EAST & AFRICA COBALT MARKET, BY FORM (USD MILLION) (2016–2027) 112

TABLE 144 REST OF THE MIDDLE EAST & AFRICA COBALT MARKET, BY FORM (KT) (2016–2027) 112

TABLE 145 REST OF THE MIDDLE EAST & AFRICA COBALT MARKET, BY APPLICATION (USD MILLION) (2016–2027) 113

TABLE 146 REST OF THE MIDDLE EAST & AFRICA COBALT MARKET, BY APPLICATION (KT) (2016–2027) 113

TABLE 147 KEY DEVELOPMENTS OVERVIEW 115

13 List of Figures

FIGURE 1 GLOBAL COBALT MARKET: MARKET STRUCTURE 17

FIGURE 2 RESEARCH PROCESS OF MRFR 19

FIGURE 3 TOP-DOWN AND BOTTOM-UP APPROACHES 22

FIGURE 4 MARKET DYNAMICS OVERVIEW 24

FIGURE 5 NUMBER OF ELECTRIC CARS IN CIRCULATION (MILLION) 25

FIGURE 6 ELECTRIC CAR MARKET SHARE, 2017 26

FIGURE 7 COBALT MINE PRODUCTION IN 2017 28

FIGURE 8 SUPPLY CHAIN ANALYSIS OF GLOBAL COBALT MARKET 30

FIGURE 9 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL COBALT MARKET 31

FIGURE 10 GLOBAL COBALT MARKET, BY REGION (%) (2018) 53