PUBLISHER: QYResearch | PRODUCT CODE: 1866755
PUBLISHER: QYResearch | PRODUCT CODE: 1866755
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.
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.
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.
This report aims to provide a comprehensive presentation of the global market for Cobalt Tetroxide, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Cobalt Tetroxide by region & country, by Type, and by Application.
The Cobalt Tetroxide market size, estimations, and forecasts are provided in terms of sales volume (Kilotons) 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 Tetroxide.
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 Tetroxide 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 Tetroxide 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 Tetroxide 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.