Cobalt Free Batteries Global Market Report 2026

Cobalt-free batteries are energy storage systems developed to reduce or eliminate cobalt usage, tackling ethical, environmental, and cost-related issues associated with cobalt mining. These batteries may enhance thermal stability, thereby lowering the chances of overheating and fires, particularly in electric vehicle (EV) applications.

The primary varieties of cobalt-free batteries include lithium iron phosphate (LFP) batteries and lithium manganese oxide batteries. LFP batteries utilize iron phosphate as the cathode, offering safety, longevity, and high-temperature resilience, making them suitable for various applications. They are utilized in multiple areas, including transportation and solar-powered lighting systems. Key users of these batteries include electric vehicles and energy storage solutions.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the cobalt-free batteries market by increasing costs of imported lithium compounds, cathode materials, separators, and battery manufacturing equipment used in LFP and LMO battery production. Asia-Pacific regions such as China and South Korea are most affected due to dependence on cross-border battery material supply chains, while North America faces higher equipment and cell production costs. These tariffs are increasing battery pack prices and influencing sourcing strategies. However, they are also encouraging domestic battery manufacturing, local cathode material development, and diversification away from geopolitically sensitive cobalt supply chains.

The cobalt free batteries market research report is one of a series of new reports from The Business Research Company that provides cobalt free batteries market statistics, including cobalt free batteries industry global market size, regional shares, competitors with a cobalt free batteries market share, detailed cobalt free batteries market segments, market trends and opportunities, and any further data you may need to thrive in the cobalt free batteries industry. This cobalt free batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cobalt free batteries market size has grown rapidly in recent years. It will grow from $1.49 billion in 2025 to $1.69 billion in 2026 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to expansion of lithium-ion battery manufacturing capacity, volatility in cobalt supply chains, rising demand for electric vehicles, early adoption of lfp batteries in energy storage, increased focus on battery safety standards.

The cobalt free batteries market size is expected to see rapid growth in the next few years. It will grow to $2.79 billion in 2030 at a compound annual growth rate (CAGR) of 13.4%. The growth in the forecast period can be attributed to expansion of electric mobility adoption, rising investments in next-generation battery chemistries, increasing demand for stationary energy storage, growing focus on ethical sourcing, technological improvements in battery energy density. Major trends in the forecast period include increasing adoption of lfp battery chemistries, rising focus on thermal safety improvements, growing demand for cost-stable battery materials, expansion of cobalt-free ev battery platforms, enhanced focus on supply chain ethics.

The increasing adoption of electric vehicles (EVs) is expected to drive growth in the cobalt-free battery market going forward. EVs are powered by electric motors using rechargeable batteries instead of traditional internal combustion engines. Adoption is rising due to environmental awareness, government incentives, advancements in battery technology, and expanding charging infrastructure. Cobalt-free batteries use alternative chemistries to reduce reliance on cobalt, addressing ethical sourcing concerns and lowering EV production costs. These innovations improve sustainability and performance, making EVs more affordable and appealing to environmentally conscious consumers. For instance, in January 2024, according to Kelley Blue Book, a US-based vehicle valuation and automotive research company, a record 1.2 million U.S. car buyers chose electric vehicles in 2023, representing 7.6% of the total U.S. vehicle market, up from 5.9% in 2022. Therefore, growing EV adoption is driving the cobalt-free battery market.

Leading companies in the cobalt-free battery market are developing advanced solutions such as high-power performance cobalt-free batteries to address environmental and efficiency challenges associated with traditional battery technologies. High-power performance cobalt-free batteries are energy storage systems that deliver high power output without using cobalt. For instance, in November 2023, Toshiba Corporation, a Japan-based electronics company, launched a new cobalt-free lithium-ion battery featuring a 5V-class high-potential cathode with low nickel content. This battery delivers over 3V, enables rapid charging up to 80% in just five minutes, operates efficiently at temperatures up to 60°C, reduces gas generation through advanced cathode surface modifications, and improves durability while minimizing battery swelling.

In February 2025, Altech Batteries Limited, an Australia-based provider of advanced battery technologies and energy storage solutions, acquired CERENERGY(R) Battery Project and Silumina Anodes(TM) Project for A$23.3 million. This acquisition consolidates Altech's ownership of its core battery technology platforms, streamlining governance and accelerating the development and commercialization of next-generation sodium-based and high-capacity anode batteries. CERENERGY(R) is a Germany-based project developing sodium-chloride solid-state battery systems for grid-scale energy storage, while Silumina Anodes(TM) is a Germany-based project producing high-purity alumina-coated silicon/anode materials to enhance lithium-ion battery energy density and cycle life.

Major companies operating in the cobalt free batteries market are Stellantis NV, BYD Company Ltd., Panasonic Corporation, SK Innovation Co. Ltd., Contemporary Amperex Technology Co. Ltd., Toshiba Corporation, LG Energy Solution, Samsung SDI Co. Ltd., Murata Manufacturing Co. Ltd., EVE Energy Co. Ltd., Northvolt AB, QuantumScape Battery Inc., Sila Nanotechnologies Inc., China Aviation Lithium Battery Co. Ltd., Solid Power Inc., Bharat Power Solutions, Tianjin Lishen Battery Joint-Stock Co. Ltd., Conamix Inc., Ufine Battery, Karacus Energy Pvt. Ltd

North America was the largest region in the cobalt-free batteries market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cobalt free batteries market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the cobalt free batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cobalt-free batteries market consists of sales of nickel manganese (NMC) batteries, sodium-ion batteries, and solid-state batteries. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Cobalt Free Batteries Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses cobalt free batteries market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for cobalt free batteries ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The cobalt free batteries market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Lithium Iron Phosphate Batteries; Lithium Manganese Oxide Batteries
• 2) By Application: Transportation; Solar-Powered Lighting Systems; Other Applications
• 3) By End-Use: Electronic Vehicles; Energy Storage Systems
• Subsegments:
• 1) By Lithium Iron Phosphate Batteries: LFP Cells; Prismatic LFP Batteries; Cylindrical LFP Batteries; Pouch LFP Batteries
• 2) By Lithium Manganese Oxide Batteries: LMO Cells; Prismatic LMO Batteries; Cylindrical LMO Batteries; Pouch LMO Batteries
• Companies Mentioned: Stellantis NV; BYD Company Ltd.; Panasonic Corporation; SK Innovation Co. Ltd.; Contemporary Amperex Technology Co. Ltd.; Toshiba Corporation; LG Energy Solution; Samsung SDI Co. Ltd.; Murata Manufacturing Co. Ltd.; EVE Energy Co. Ltd.; Northvolt AB; QuantumScape Battery Inc.; Sila Nanotechnologies Inc.; China Aviation Lithium Battery Co. Ltd.; Solid Power Inc.; Bharat Power Solutions; Tianjin Lishen Battery Joint-Stock Co. Ltd.; Conamix Inc.; Ufine Battery; Karacus Energy Pvt. Ltd
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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