PUBLISHER: QYResearch | PRODUCT CODE: 1862290
PUBLISHER: QYResearch | PRODUCT CODE: 1862290
The global market for Cobalt Powder was estimated to be worth US$ 768 million in 2024 and is forecast to a readjusted size of US$ 1152 million by 2031 with a CAGR of 6.6% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Cobalt Powder cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
This report studies the Cobalt Powder market, Cobalt powder is one of the main product forms of non-ferrous metal cobalt. Gray irregular powder, soluble in acid, magnetic, easily oxidized in humid air. In 2024, global Cobalt Powder Thread production reached approximately 20153 MT, with an average global market price of around US$ 38143 per MT.
The cobalt powder market is experiencing steady growth as cobalt plays a vital role in advanced material applications. Its fine powder form is widely used in the production of high-performance alloys, hard metals, and specialized coatings, where its strength, corrosion resistance, and heat stability are highly valued. One of the most significant drivers is the increasing use of cobalt powder in rechargeable batteries, particularly in lithium-ion technologies for electric vehicles, portable electronics, and energy storage systems. Beyond batteries, demand is also supported by aerospace, defense, and industrial tooling sectors, where cobalt-based alloys are integral for performance under extreme conditions.
Regionally, the market is influenced by both major producers of cobalt raw materials and strong consumer bases in technologically advanced regions. Asia-Pacific has become a major hub due to its dominance in battery manufacturing and electronics production, while Europe and North America continue to see robust demand from aerospace, automotive, and energy storage sectors. The competitive landscape includes large mining companies integrated with refining and powder processing operations, as well as specialty chemical and materials firms focusing on high-purity and application-specific grades. Looking ahead, market growth is expected to be shaped by the transition to renewable energy, electric mobility, and supply chain developments around critical raw materials.
This report aims to provide a comprehensive presentation of the global market for Cobalt Powder, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Cobalt Powder by region & country, by Type, and by Application.
The Cobalt Powder market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cobalt Powder.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Cobalt Powder manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Cobalt Powder in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Cobalt Powder in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.