LAMEA Cobalt Sulphate Market Size, Share & Trends Analysis Report By Application (Batteries, Alloys, Magnets, Hard Materials, Catalyst, Inks & Dyes and Others), By Country and Growth Forecast, 2023

Description

List of Tables

The Latin America, Middle East and Africa Cobalt Sulphate Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 112.1 Hundred Tonnes, showcasing a growth of 7.7% (2023-2030).

Ionic liquids, salts in a liquid state at low temperatures, are being explored as an alternative to traditional solvents in cobalt extraction processes. These liquids can selectively dissolve cobalt from ores and are non-volatile and non-flammable, contributing to safer and more environmentally friendly extraction methods.

Moreover, as the demand for this compound increases, so does the importance of recycling spent batteries to recover valuable materials. Innovations in battery recycling technologies are emerging, providing efficient methods to extract and reuse cobalt and other metals from used batteries. This contributes to resource conservation and mitigates the environmental impact of improper disposal.

As Saudi Arabia invests in renewable energy projects, the demand for this compound for battery production could increase to support effective energy storage solutions. As per the data provided in 2021 by the International Trade Administration, Saudi Arabia intends to produce half of its electricity from renewable energy sources and the other half from gas by 2030. The nation was preparing to construct a green hydrogen facility that would generate 660 tons of green hydrogen per day using solar and wind energy. Hence, the rising renewable energy sector in LAMEA will lead to enhanced demand for this compound in the coming years.

The Brazil market dominated the LAMEA Cobalt Sulphate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $39.4 million by 2030. The Argentina market is showcasing a CAGR of 8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.5% during (2023 - 2030).

Based on Application, the market is segmented into Batteries, Alloys, Magnets, Hard Materials, Catalyst, Inks & Dyes and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

JERVOIS GLOBAL LIMITED
Shepherd Chemical Company
Nantong Xinwei Nickel & Cobalt Hightech Development Co.,Ltd.
Freeport-McMoRan Inc.
Umicore NV-SA
Hunter Chemical, LLC
Merck KGaA
Incasa S.A

LAMEA Cobalt Sulphate Market Report Segmentation

By Application (Volume, Hundred Tonnes, USD Billion, 2019-2030)

Batteries
Alloys
Magnets
Hard Materials
Catalyst
Inks & Dyes
Others

By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1LAMEA Cobalt Sulphate Market, by Application
- 1.4.2LAMEA Cobalt Sulphate Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter Five Forces Analysis

Chapter 4.LAMEA Cobalt Sulphate Market by Application

4.1LAMEA Batteries Market by Country
4.2LAMEA Alloys Market by Country
4.3LAMEA Magnets Market by Country
4.4LAMEA Hard Materials Market by Country
4.5LAMEA Catalyst Market by Country
4.6LAMEA Inks & Dyes Market by Country
4.7LAMEA Others Market by Country

Chapter 5.LAMEA Cobalt Sulphate Market by Country

5.1Brazil Cobalt Sulphate Market
- 5.1.1Brazil Cobalt Sulphate Market by Application
5.2Argentina Cobalt Sulphate Market
- 5.2.1Argentina Cobalt Sulphate Market by Application
5.3UAE Cobalt Sulphate Market
- 5.3.1UAE Cobalt Sulphate Market by Application
5.4Saudi Arabia Cobalt Sulphate Market
- 5.4.1Saudi Arabia Cobalt Sulphate Market by Application
5.5South Africa Cobalt Sulphate Market
- 5.5.1South Africa Cobalt Sulphate Market by Application
5.6Nigeria Cobalt Sulphate Market
- 5.6.1Nigeria Cobalt Sulphate Market by Application
5.7Rest of LAMEA Cobalt Sulphate Market
- 5.7.1Rest of LAMEA Cobalt Sulphate Market by Application

Chapter 6.Company Profiles

6.1JERVOIS GLOBAL LIMITED
- 6.1.1Company Overview
- 6.1.2Financial Analysis
6.2Shepherd Chemical Company
- 6.2.1Company Overview
6.3Nantong Xinwei Nickel & Cobalt Hightech Development Co.,Ltd.
- 6.3.1Company Overview
6.4Umicore NV-SA
- 6.4.1Company Overview
- 6.4.2Financial Analysis
6.5Hunter Chemical, LLC
- 6.5.1Company Overview
6.6Incasa S.A
- 6.6.1Company Overview
6.7Freeport-McMoRan Inc.
- 6.7.1Company Overview
- 6.7.2Financial Analysis
6.8Merck KGaA
- 6.8.1Company Overview
- 6.8.2Financial Analysis
- 6.8.3Segmental and Regional Analysis
- 6.8.4Research & Development Expense
- 6.8.5SWOT Analysis

LIST OF TABLES

TABLE 1LAMEA Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 2LAMEA Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 3LAMEA Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 4LAMEA Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 5LAMEA Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 6LAMEA Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 7LAMEA Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 8LAMEA Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 9LAMEA Batteries Market by Country, 2019 - 2022, USD Million
TABLE 10LAMEA Batteries Market by Country, 2023 - 2030, USD Million
TABLE 11LAMEA Batteries Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 12LAMEA Batteries Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 13LAMEA Alloys Market by Country, 2019 - 2022, USD Million
TABLE 14LAMEA Alloys Market by Country, 2023 - 2030, USD Million
TABLE 15LAMEA Alloys Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 16LAMEA Alloys Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 17LAMEA Magnets Market by Country, 2019 - 2022, USD Million
TABLE 18LAMEA Magnets Market by Country, 2023 - 2030, USD Million
TABLE 19LAMEA Magnets Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 20LAMEA Magnets Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 21LAMEA Hard Materials Market by Country, 2019 - 2022, USD Million
TABLE 22LAMEA Hard Materials Market by Country, 2023 - 2030, USD Million
TABLE 23LAMEA Hard Materials Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 24LAMEA Hard Materials Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 25LAMEA Catalyst Market by Country, 2019 - 2022, USD Million
TABLE 26LAMEA Catalyst Market by Country, 2023 - 2030, USD Million
TABLE 27LAMEA Catalyst Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 28LAMEA Catalyst Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 29LAMEA Inks & Dyes Market by Country, 2019 - 2022, USD Million
TABLE 30LAMEA Inks & Dyes Market by Country, 2023 - 2030, USD Million
TABLE 31LAMEA Inks & Dyes Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 32LAMEA Inks & Dyes Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 33LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 34LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 35LAMEA Others Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 36LAMEA Others Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 37LAMEA Cobalt Sulphate Market by Country, 2019 - 2022, USD Million
TABLE 38LAMEA Cobalt Sulphate Market by Country, 2023 - 2030, USD Million
TABLE 39LAMEA Cobalt Sulphate Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 40LAMEA Cobalt Sulphate Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 41Brazil Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 42Brazil Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 43Brazil Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 44Brazil Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 45Brazil Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 46Brazil Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 47Brazil Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 48Brazil Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 49Argentina Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 50Argentina Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 51Argentina Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 52Argentina Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 53Argentina Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 54Argentina Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 55Argentina Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 56Argentina Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 57UAE Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 58UAE Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 59UAE Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 60UAE Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 61UAE Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 62UAE Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 63UAE Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 64UAE Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 65Saudi Arabia Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 66Saudi Arabia Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 67Saudi Arabia Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 68Saudi Arabia Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 69Saudi Arabia Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 70Saudi Arabia Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 71Saudi Arabia Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 72Saudi Arabia Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 73South Africa Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 74South Africa Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 75South Africa Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 76South Africa Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 77South Africa Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 78South Africa Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 79South Africa Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 80South Africa Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 81Nigeria Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 82Nigeria Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 83Nigeria Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 84Nigeria Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 85Nigeria Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 86Nigeria Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 87Nigeria Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 88Nigeria Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 89Rest of LAMEA Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 90Rest of LAMEA Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 91Rest of LAMEA Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 92Rest of LAMEA Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 93Rest of LAMEA Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 94Rest of LAMEA Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 95Rest of LAMEA Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 96Rest of LAMEA Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 97Key Information - JERVOIS GLOBAL LIMITED
TABLE 98Key Information - Shepherd Chemical Company
TABLE 99Key Information - Nantong Xinwei Nickel & Cobalt Hightech Development CO., LTD.
TABLE 100Key Information - Umicore NV-SA
TABLE 101Key Information - Hunter Chemical, LLC
TABLE 102Key Information - Incasa S.A
TABLE 103Key Information - Freeport-McMoRan Inc.
TABLE 104key Information - Merck KGaA

LAMEA Cobalt Sulphate Market Size, Share & Trends Analysis Report By Application (Batteries, Alloys, Magnets, Hard Materials, Catalyst, Inks & Dyes and Others), By Country and Growth Forecast, 2023 - 2030