Global Battery Grade Cobalt Sulphate Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Battery Grade Cobalt Sulphate market size was valued at US$ 694 million in 2024 and is forecast to a readjusted size of USD 1260 million by 2031 with a CAGR of 9.0% during review period.
Cobalt sulfate is a rose-red crystal that becomes a red powder after dehydration. It is soluble in water and methanol and slightly soluble in ethanol. Battery-grade cobalt sulfate refers to refined cobalt sulfate specifically used for lithium-ion positive electrode materials (NCM, LCO, NCA, etc.).
Battery-grade cobalt sulfate has a specific chemical composition and physical form, usually in the form of a crystalline powder (some companies also provide cobalt sulfate solution), which makes it very suitable as a positive electrode material for lithium-ion batteries. Its high purity ensures high performance and long life of the battery. In addition, battery-grade cobalt sulfate also has good electrochemical properties and can provide stable current and voltage output during battery charging and discharging.
From the perspective of the global distribution of cobalt mines, cobalt resources are concentrated and relatively scarce. Cobalt mines are mainly distributed in countries such as the Democratic Republic of the Congo, Indonesia, Australia, Cuba, Canada, and China.
In recent years, with the rapid development of new battery applications such as electric vehicles, energy storage equipment, and drones, the battery-grade cobalt sulfate market has shown a rapid growth trend, the demand for cobalt has rapidly increased, and some international cobalt mines have stopped production, and cobalt prices have risen sharply, especially during the period of 2021-2022, when cobalt prices have doubled to 3 times. Fluctuations in cobalt prices will affect the cost and stable supply of cobalt sulfate. At the same time, price fluctuations of battery-grade cobalt sulfate are easily affected by supply and demand, international logistics, and other factors.
In terms of terminal applications, battery material companies generally use crystalline powder to manufacture ternary materials. On the one hand, the transportation cost of the solution is very high; on the other hand, the solution is a dangerous product, and long-term storage has a certain impact on the content of the product itself. At the same time, crystalline powder is easy to store and can be resold on the market. The rapid growth of the new energy vehicle market is one of the main driving forces for the increase in demand for battery-grade cobalt sulfate. With the global emphasis on environmental protection and sustainable development, electric vehicles are the mainstream trend of future transportation, which has also driven the growth of the battery-grade cobalt sulfate market.
Global battery-grade cobalt sulfate (powder/solution) companies are mainly distributed in China (Jiangxi, Hubei, Hunan, Zhejiang, Taiwan, etc.), Finland and Indonesia. Among them, China's production share exceeds 95%. The world's top 5 companies mainly include Ganzhou Tengyuan Cobalt Industrial, GEM, Greatpower Nickel and Cobalt Materials, CoreMax Corporation and Huayou Cobalt, with a market share of 70%.
This report is a detailed and comprehensive analysis for global Battery Grade Cobalt Sulphate market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Content and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Battery Grade Cobalt Sulphate market size and forecasts, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031
Global Battery Grade Cobalt Sulphate market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031
Global Battery Grade Cobalt Sulphate market size and forecasts, by Content and by Application, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031
Global Battery Grade Cobalt Sulphate market shares of main players, shipments in revenue ($ Million), sales quantity (Kilotons), and ASP (US$/Ton), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Battery Grade Cobalt Sulphate
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Battery Grade Cobalt Sulphate market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Ganzhou Tengyuan Cobalt Industrial, GEM, Greatpower Nickel and Cobalt Materials, CoreMax Corporation, Huayou Cobalt, Guangxi Yinyi Advanced Material, Guangdong Jin Sheng New Energy, Hunan Jin Yuan New Material, Nornickel, Terrafame Ltd, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Battery Grade Cobalt Sulphate market is split by Content and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Content, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Content
Crystal Powder
Solution
Market segment by Application
Power Battery
Consumer Battery
Other
Major players covered
Ganzhou Tengyuan Cobalt Industrial
GEM
Greatpower Nickel and Cobalt Materials
CoreMax Corporation
Huayou Cobalt
Guangxi Yinyi Advanced Material
Guangdong Jin Sheng New Energy
Hunan Jin Yuan New Material
Nornickel
Terrafame Ltd
Ji En Nickel Industry
Trimegah Bangun Persada (TBP)
Dalian Ruiyuan Power
Zhangjiagang Huayi Chemical
Gaungdong Fangyuan Environment
Jiangxi Grand Green Technology
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Battery Grade Cobalt Sulphate product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Battery Grade Cobalt Sulphate, with price, sales quantity, revenue, and global market share of Battery Grade Cobalt Sulphate from 2020 to 2025.
Chapter 3, the Battery Grade Cobalt Sulphate competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Battery Grade Cobalt Sulphate breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Content and by Application, with sales market share and growth rate by Content, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Battery Grade Cobalt Sulphate market forecast, by regions, by Content, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Battery Grade Cobalt Sulphate.
Chapter 14 and 15, to describe Battery Grade Cobalt Sulphate sales channel, distributors, customers, research findings and conclusion.
Cobalt sulfate is a rose-red crystal that becomes a red powder after dehydration. It is soluble in water and methanol and slightly soluble in ethanol. Battery-grade cobalt sulfate refers to refined cobalt sulfate specifically used for lithium-ion positive electrode materials (NCM, LCO, NCA, etc.).
Battery-grade cobalt sulfate has a specific chemical composition and physical form, usually in the form of a crystalline powder (some companies also provide cobalt sulfate solution), which makes it very suitable as a positive electrode material for lithium-ion batteries. Its high purity ensures high performance and long life of the battery. In addition, battery-grade cobalt sulfate also has good electrochemical properties and can provide stable current and voltage output during battery charging and discharging.
From the perspective of the global distribution of cobalt mines, cobalt resources are concentrated and relatively scarce. Cobalt mines are mainly distributed in countries such as the Democratic Republic of the Congo, Indonesia, Australia, Cuba, Canada, and China.
In recent years, with the rapid development of new battery applications such as electric vehicles, energy storage equipment, and drones, the battery-grade cobalt sulfate market has shown a rapid growth trend, the demand for cobalt has rapidly increased, and some international cobalt mines have stopped production, and cobalt prices have risen sharply, especially during the period of 2021-2022, when cobalt prices have doubled to 3 times. Fluctuations in cobalt prices will affect the cost and stable supply of cobalt sulfate. At the same time, price fluctuations of battery-grade cobalt sulfate are easily affected by supply and demand, international logistics, and other factors.
In terms of terminal applications, battery material companies generally use crystalline powder to manufacture ternary materials. On the one hand, the transportation cost of the solution is very high; on the other hand, the solution is a dangerous product, and long-term storage has a certain impact on the content of the product itself. At the same time, crystalline powder is easy to store and can be resold on the market. The rapid growth of the new energy vehicle market is one of the main driving forces for the increase in demand for battery-grade cobalt sulfate. With the global emphasis on environmental protection and sustainable development, electric vehicles are the mainstream trend of future transportation, which has also driven the growth of the battery-grade cobalt sulfate market.
Global battery-grade cobalt sulfate (powder/solution) companies are mainly distributed in China (Jiangxi, Hubei, Hunan, Zhejiang, Taiwan, etc.), Finland and Indonesia. Among them, China's production share exceeds 95%. The world's top 5 companies mainly include Ganzhou Tengyuan Cobalt Industrial, GEM, Greatpower Nickel and Cobalt Materials, CoreMax Corporation and Huayou Cobalt, with a market share of 70%.
This report is a detailed and comprehensive analysis for global Battery Grade Cobalt Sulphate market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Content and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Battery Grade Cobalt Sulphate market size and forecasts, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031
Global Battery Grade Cobalt Sulphate market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031
Global Battery Grade Cobalt Sulphate market size and forecasts, by Content and by Application, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031
Global Battery Grade Cobalt Sulphate market shares of main players, shipments in revenue ($ Million), sales quantity (Kilotons), and ASP (US$/Ton), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Battery Grade Cobalt Sulphate
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Battery Grade Cobalt Sulphate market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Ganzhou Tengyuan Cobalt Industrial, GEM, Greatpower Nickel and Cobalt Materials, CoreMax Corporation, Huayou Cobalt, Guangxi Yinyi Advanced Material, Guangdong Jin Sheng New Energy, Hunan Jin Yuan New Material, Nornickel, Terrafame Ltd, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Battery Grade Cobalt Sulphate market is split by Content and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Content, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Content
Crystal Powder
Solution
Market segment by Application
Power Battery
Consumer Battery
Other
Major players covered
Ganzhou Tengyuan Cobalt Industrial
GEM
Greatpower Nickel and Cobalt Materials
CoreMax Corporation
Huayou Cobalt
Guangxi Yinyi Advanced Material
Guangdong Jin Sheng New Energy
Hunan Jin Yuan New Material
Nornickel
Terrafame Ltd
Ji En Nickel Industry
Trimegah Bangun Persada (TBP)
Dalian Ruiyuan Power
Zhangjiagang Huayi Chemical
Gaungdong Fangyuan Environment
Jiangxi Grand Green Technology
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Battery Grade Cobalt Sulphate product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Battery Grade Cobalt Sulphate, with price, sales quantity, revenue, and global market share of Battery Grade Cobalt Sulphate from 2020 to 2025.
Chapter 3, the Battery Grade Cobalt Sulphate competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Battery Grade Cobalt Sulphate breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Content and by Application, with sales market share and growth rate by Content, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Battery Grade Cobalt Sulphate market forecast, by regions, by Content, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Battery Grade Cobalt Sulphate.
Chapter 14 and 15, to describe Battery Grade Cobalt Sulphate sales channel, distributors, customers, research findings and conclusion.
Table of Contents
145 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Battery Grade Cobalt Sulphate by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Content
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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