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PUBLISHER: Grand View Research | PRODUCT CODE: 1814176
PUBLISHER: Grand View Research | PRODUCT CODE: 1814176
Middle East Cobalt Market Size, Share & Trends Analysis Report By Product (Cobalt Sulfate, Cobalt Oxide, Cobalt Metal), By Application (EV, Industrial Metals, Superalloys), By Country, And Segment Forecasts, 2025 - 2033
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PAGES: 80 Pages
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Middle East Cobalt Market Summary
The Middle East cobalt market size was estimated at USD 110.8 million in 2024 and is expected to reach USD 183.2 million by 2033, at a CAGR of 5.8% from 2025 to 2033. The expanding production and adoption of electric vehicles (EVs) in the region are expected to drive increased demand for cobalt during the forecast period.
Lithium-nickel-manganese-cobalt-oxide (NMC) batteries, which typically contain 10-20% cobalt in their cathodes, remain the most widely used battery chemistry for EVs. Cobalt is a critical component of lithium-ion batteries, enhancing electric vehicles' driving range and durability. Sustainability is becoming a key focus in the market, driven by increasing environmental regulations and the global push towards greener technologies.
Cobalt sourcing and processing are under scrutiny to ensure ethical practices, including reducing the environmental impact of mining and promoting responsible supply chains. The Middle East is investing in sustainable battery recycling initiatives and exploring alternative materials to minimize cobalt dependency. These efforts aim to support the circular economy while meeting the growing demand for cobalt in clean energy applications, aligning the region's cobalt industry with global sustainability goals.
Middle East Cobalt Market Report Segmentation
This report forecasts revenue and volume growth at country levels and analyzes the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East cobalt market report based on product, end use, and country:
- Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Cobalt Sulfate
- Cobalt Oxide
- Cobalt Metal
- Others
- End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Electric Vehicles
- Other Batteries
- Industrial Metals
- Industrial Chemicals
- Superalloys
- Country Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Middle East
- Saudi Arabia
- UAE
- Qatar
- Oman
Product Code: GVR-4-68040-708-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global Cobalt Market Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.3. Manufacturing Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.6. Industry Trends
- 3.6.1. ESG Trends
- 3.6.2. Trade Scenario
- 3.7. Porter's Five Forces Analysis
- 3.7.1. Bargaining Power of Suppliers
- 3.7.2. Bargaining Power of Buyers
- 3.7.3. Threat of Substitution
- 3.7.4. Threat of New Entrants
- 3.7.5. Competitive Rivalry
- 3.8. PESTLE Analysis
- 3.8.1. Political
- 3.8.2. Economic
- 3.8.3. Social Landscape
- 3.8.4. Technology
- 3.8.5. Environmental
- 3.8.6. Legal
Chapter 4. Middle East Cobalt Market: Product Estimates & Trend Analysis
- 4.1. Middle East Cobalt Market: Product Movement Analysis, 2024 & 2033
- 4.2. Cobalt Sulfide
- 4.2.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 4.3. Cobalt Oxide
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 4.4. Cobalt Metal
- 4.4.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 4.5. Others
- 4.5.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
Chapter 5. Middle East Cobalt Market: End Use Estimates & Trend Analysis
- 5.1. Middle East Cobalt Market: End Use Movement Analysis, 2024 & 2033
- 5.2. Electric Vehicles
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 5.3. Other Batteries
- 5.3.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 5.4. Industrial Metals
- 5.4.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 5.5. Industrial Chemicals
- 5.5.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 5.6. Superalloys
- 5.6.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
Chapter 6. Cobalt Market: Country Estimates & Trend Analysis
- 6.1. Regional Analysis, 2023 & 2030
- 6.2. Middle East
- 6.2.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.4. Saudi Arabia
- 6.2.4.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.4.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.4.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.5. UAE
- 6.2.5.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.5.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.5.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.6. Qatar
- 6.2.6.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.6.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.6.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.7. Oman
- 6.2.7.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.7.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.7.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments, By Key Market Participants
- 7.2. Kraljic Matrix
- 7.3. Company Categorization
- 7.4. Company Market Ranking
- 7.5. Heat Map Analysis
- 7.6. Vendor Landscape
- 7.6.1. List of Raw Material Suppliers
- 7.6.2. List of Distributors/Traders
- 7.7. List of Prospective End Users
- 7.8. Strategy Mapping
- 7.9. Company Profiles/Listing
- 7.9.1. Ma'aden
- 7.9.1.1. Company Overview
- 7.9.1.2. Product Benchmarking
- 7.9.2. Saudi Aramco
- 7.9.2.1. Company Overview
- 7.9.2.2. Product Benchmarking
- 7.9.3. Emirates Global Aluminium (EGA)
- 7.9.3.1. Company Overview
- 7.9.3.2. Product Benchmarking
- 7.9.4. Advanced Battery Metals Middle East
- 7.9.4.1. Company Overview
- 7.9.4.2. Product Benchmarking
- 7.9.5. Qatar Mining Company
- 7.9.5.1. Company Overview
- 7.9.5.2. Product Benchmarking
- 7.9.6. Aluminium Bahrain
- 7.9.6.1. Company Overview
- 7.9.6.2. Product Benchmarking
- 7.9.7. Dubai Multi Commodities Centre (DMCC)
- 7.9.7.1. Company Overview
- 7.9.7.2. Product Benchmarking
- 7.9.8. Rusal Middle East
- 7.9.8.1. Company Overview
- 7.9.8.2. Product Benchmarking
- 7.9.9. FAMCO (Fajr Capital)
- 7.9.9.1. Company Overview
- 7.9.9.2. Product Benchmarking
- 7.9.10. Gulf Mining Group
- 7.9.10.1. Company Overview
- 7.9.10.2. Product Benchmarking
- 7.9.1. Ma'aden
Product Code: GVR-4-68040-708-5
List of Tables
- Table 1 Middle East cobalt market estimates & forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Table 2 Middle East cobalt market estimates & forecasts by product, 2021 - 2033 (Kilotons)
- Table 3 Middle East cobalt market estimates & forecasts by product, 2021 - 2033 (USD Million)
- Table 4 Middle East cobalt market estimates & forecasts by end use, 2021 - 2033 (Kilotons)
- Table 5 Middle East cobalt market estimates & forecasts by end use, 2021 - 2033 (USD Million)
- Table 6 Saudi Arabia cobalt market estimates & forecasts, 2021 - 2033 (Kilotons) (USD Million)
- Table 7 Saudi Arabia cobalt market estimates & forecast, 2021 - 2033 (Kilotons) (USD Million)
- Table 8 Saudi Arabia cobalt market estimates & forecasts by product, 2021 - 2033 (Kilotons)
- Table 9 Saudi Arabia cobalt market estimates & forecasts by product, 2021 - 2033 (USD Million)
- Table 10 Saudi Arabia cobalt market estimates & forecasts by end use, 2021 - 2033 (Kilotons)
- Table 11 Saudi Arabia cobalt market estimates & forecasts by end use, 2021 - 2033 (USD Million)
- Table 12 UAE cobalt market estimates & forecasts by product, 2021 - 2033 (Kilotons)
- Table 13 UAE Cobalt market estimates & forecasts by product, 2021 - 2033 (USD Million)
- Table 14 UAE cobalt market estimates & forecasts by end use, 2021 - 2033 (Kilotons)
- Table 15 UAE cobalt market estimates & forecasts by end use, 2021 - 2033 (USD Million)
- Table 16 Qatar cobalt market estimates & forecasts by product, 2021 - 2033 (Kilotons)
- Table 17 Qatar cobalt market estimates & forecasts by product, 2021 - 2033 (USD Million)
- Table 18 Qatar cobalt market estimates & forecasts by end use, 2021 - 2033 (Kilotons)
- Table 19 Qatar cobalt market estimates & forecasts by end use, 2021 - 2033 (USD Million)
- Table 20 Oman cobalt market estimates & forecasts by product, 2021 - 2033 (Kilotons)
- Table 21 Oman cobalt market estimates & forecasts by product, 2021 - 2033 (USD Million)
- Table 22 Oman cobalt market estimates & forecasts by end use, 2021 - 2033 (Kilotons)
- Table 23 Oman cobalt market estimates & forecasts by end use, 2021 - 2033 (USD Million)
List of Figures
- Fig. 1 Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segmental Outlook -Product, End Use
- Fig. 8 Competitive Outlook
- Fig. 9 Middle East Cobalt Market Outlook, 2021 - 2033 (USD Million) (Kilotons)
- Fig. 10 Value Chain Analysis
- Fig. 11 Market Dynamics
- Fig. 12 Porter's Analysis
- Fig. 13 PESTEL Analysis
- Fig. 14 Middle East Cobalt Market, By Product: Key Takeaways
- Fig. 15 Middle East Cobalt Market, By Product: Market Share, 2024 & 2033
- Fig. 16 Middle East Cobalt Market, By End Use: Key Takeaways
- Fig. 17 Middle East Cobalt Market, By End Use: Market Share, 2024 & 2033
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