Global High-Purity Battery Grade Cobalt Sulfate Supply, Demand and Key Producers, 2026-2032
Description
The global High-Purity Battery Grade Cobalt Sulfate market size is expected to reach $ 1531 million by 2032, rising at a market growth of 9.0% CAGR during the forecast period (2026-2032).
High-purity battery grade cobalt sulfate generally refers to a high-purity inorganic salt primarily composed of cobalt sulfate hydrate, with strict limits on impurities such as metallic impurities, anionic impurities, and water-insoluble substances, specifically designed for lithium-ion battery applications. The industry generally regards "high-purity battery grade" as a key basic chemical that further narrows the impurity window on the basis of battery grade, and is suitable for high-nickel ternary precursors and high-end power batteries. In terms of form, it is mainly high-purity crystals and high-purity solutions. The raw materials include both mining intermediates and the recycling and extraction of waste batteries and cobalt-containing waste.
In 2024, global High-Purity Battery Grade Cobalt Sulfate sales reached 116 K Tons, with an average global market price of around 5,816 USD/Ton. Production capacity reached 200 K Tons, with a gross profit margin of approximately 20%.
Global High-Purity Battery Grade Cobalt Sulfate key players include Ganzhou Tengyuan Cobalt Industrial, GEM, Greatpower Nickel and Cobalt Materials, CoreMax Corporation and Huayou Cobalt, etc. Global top five manufacturers hold a share above 70%.
The largest market is China, has a share above 75%, followed by South Korea and Japan, with around 8% and 10% market share respectively.
In terms of product, Cobalt Sulfate Crystal Powder is the largest segment, with a share above 90%. And in terms of application, the largest application is Power Battery, accounting for around 75% of the market, followed by Consumer Battery and Others.
The International Energy Agency (IEA), in its Clean Energy Transition report, listed cobalt as one of the key minerals for battery performance, noting that energy applications have become the main driver of cobalt demand growth. This means that power batteries and energy storage batteries remain the primary focus of demand for high-purity battery grade cobalt sulfate. On the recycling side, companies such as GEM Co., Ltd. and Huayou Cobalt have announced projects that they will recycle retired power batteries and production waste into battery-grade nickel, cobalt sulfate, and ternary precursors, which will then be supplied to battery factories, forming a closed loop of "resources-materials-products-recycling." International and regional media also view power battery recycling as a strategic means of obtaining key metals such as lithium, nickel, and cobalt, believing that recycling can establish more sustainable local supply sources. Overall, the application sectors represented by high-nickel power batteries, some high-end energy storage batteries, and closed-loop recycling systems are key directions driving the medium- and long-term demand and technological evolution of high-purity battery grade cobalt sulfate.
This report studies the global High-Purity Battery Grade Cobalt Sulfate production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for High-Purity Battery Grade Cobalt Sulfate and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of High-Purity Battery Grade Cobalt Sulfate that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global High-Purity Battery Grade Cobalt Sulfate total production and demand, 2021-2032, (K Tons)
Global High-Purity Battery Grade Cobalt Sulfate total production value, 2021-2032, (USD Million)
Global High-Purity Battery Grade Cobalt Sulfate production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Tons), (based on production site)
Global High-Purity Battery Grade Cobalt Sulfate consumption by region & country, CAGR, 2021-2032 & (K Tons)
U.S. VS China: High-Purity Battery Grade Cobalt Sulfate domestic production, consumption, key domestic manufacturers and share
Global High-Purity Battery Grade Cobalt Sulfate production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Tons)
Global High-Purity Battery Grade Cobalt Sulfate production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K Tons)
Global High-Purity Battery Grade Cobalt Sulfate production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Tons)
This report profiles key players in the global High-Purity Battery Grade Cobalt Sulfate market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Trimegah Bangun Persada (TBP), Terrafame Ltd, Nornickel, Huayou Cobalt, GEM, Hunan Jin Yuan New Material, Ganzhou Tengyuan Cobalt Industrial, Gaungdong Fangyuan Environment, Zhangjiagang Huayi Chemical, Dalian Ruiyuan Power, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World High-Purity Battery Grade Cobalt Sulfate market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Tons) and average price (US$/Ton) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global High-Purity Battery Grade Cobalt Sulfate Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global High-Purity Battery Grade Cobalt Sulfate Market, Segmentation by Type:
Cobalt Sulfate Solution
Cobalt Sulfate Crystal Powder
Global High-Purity Battery Grade Cobalt Sulfate Market, Segmentation by Raw Material Sources:
Mining Intermediate Products
Waste Batteries
Others
Global High-Purity Battery Grade Cobalt Sulfate Market, Segmentation by Standard Grade:
Industry Standard
Specific Standard
Global High-Purity Battery Grade Cobalt Sulfate Market, Segmentation by Application:
Power Battery
Consumer Battery
Others
Companies Profiled:
Trimegah Bangun Persada (TBP)
Terrafame Ltd
Nornickel
Huayou Cobalt
GEM
Hunan Jin Yuan New Material
Ganzhou Tengyuan Cobalt Industrial
Gaungdong Fangyuan Environment
Zhangjiagang Huayi Chemical
Dalian Ruiyuan Power
Jiangxi Grand Green Technology
Greatpower Nickel and Cobalt Materials
Guangxi Yinyi Advanced Material
Guangdong Jin Sheng New Energy
Ji En Nickel Industry
CoreMax Corporation
Key Questions Answered:
1. How big is the global High-Purity Battery Grade Cobalt Sulfate market?
2. What is the demand of the global High-Purity Battery Grade Cobalt Sulfate market?
3. What is the year over year growth of the global High-Purity Battery Grade Cobalt Sulfate market?
4. What is the production and production value of the global High-Purity Battery Grade Cobalt Sulfate market?
5. Who are the key producers in the global High-Purity Battery Grade Cobalt Sulfate market?
6. What are the growth factors driving the market demand?
High-purity battery grade cobalt sulfate generally refers to a high-purity inorganic salt primarily composed of cobalt sulfate hydrate, with strict limits on impurities such as metallic impurities, anionic impurities, and water-insoluble substances, specifically designed for lithium-ion battery applications. The industry generally regards "high-purity battery grade" as a key basic chemical that further narrows the impurity window on the basis of battery grade, and is suitable for high-nickel ternary precursors and high-end power batteries. In terms of form, it is mainly high-purity crystals and high-purity solutions. The raw materials include both mining intermediates and the recycling and extraction of waste batteries and cobalt-containing waste.
In 2024, global High-Purity Battery Grade Cobalt Sulfate sales reached 116 K Tons, with an average global market price of around 5,816 USD/Ton. Production capacity reached 200 K Tons, with a gross profit margin of approximately 20%.
Global High-Purity Battery Grade Cobalt Sulfate key players include Ganzhou Tengyuan Cobalt Industrial, GEM, Greatpower Nickel and Cobalt Materials, CoreMax Corporation and Huayou Cobalt, etc. Global top five manufacturers hold a share above 70%.
The largest market is China, has a share above 75%, followed by South Korea and Japan, with around 8% and 10% market share respectively.
In terms of product, Cobalt Sulfate Crystal Powder is the largest segment, with a share above 90%. And in terms of application, the largest application is Power Battery, accounting for around 75% of the market, followed by Consumer Battery and Others.
The International Energy Agency (IEA), in its Clean Energy Transition report, listed cobalt as one of the key minerals for battery performance, noting that energy applications have become the main driver of cobalt demand growth. This means that power batteries and energy storage batteries remain the primary focus of demand for high-purity battery grade cobalt sulfate. On the recycling side, companies such as GEM Co., Ltd. and Huayou Cobalt have announced projects that they will recycle retired power batteries and production waste into battery-grade nickel, cobalt sulfate, and ternary precursors, which will then be supplied to battery factories, forming a closed loop of "resources-materials-products-recycling." International and regional media also view power battery recycling as a strategic means of obtaining key metals such as lithium, nickel, and cobalt, believing that recycling can establish more sustainable local supply sources. Overall, the application sectors represented by high-nickel power batteries, some high-end energy storage batteries, and closed-loop recycling systems are key directions driving the medium- and long-term demand and technological evolution of high-purity battery grade cobalt sulfate.
This report studies the global High-Purity Battery Grade Cobalt Sulfate production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for High-Purity Battery Grade Cobalt Sulfate and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of High-Purity Battery Grade Cobalt Sulfate that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global High-Purity Battery Grade Cobalt Sulfate total production and demand, 2021-2032, (K Tons)
Global High-Purity Battery Grade Cobalt Sulfate total production value, 2021-2032, (USD Million)
Global High-Purity Battery Grade Cobalt Sulfate production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Tons), (based on production site)
Global High-Purity Battery Grade Cobalt Sulfate consumption by region & country, CAGR, 2021-2032 & (K Tons)
U.S. VS China: High-Purity Battery Grade Cobalt Sulfate domestic production, consumption, key domestic manufacturers and share
Global High-Purity Battery Grade Cobalt Sulfate production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Tons)
Global High-Purity Battery Grade Cobalt Sulfate production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K Tons)
Global High-Purity Battery Grade Cobalt Sulfate production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Tons)
This report profiles key players in the global High-Purity Battery Grade Cobalt Sulfate market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Trimegah Bangun Persada (TBP), Terrafame Ltd, Nornickel, Huayou Cobalt, GEM, Hunan Jin Yuan New Material, Ganzhou Tengyuan Cobalt Industrial, Gaungdong Fangyuan Environment, Zhangjiagang Huayi Chemical, Dalian Ruiyuan Power, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World High-Purity Battery Grade Cobalt Sulfate market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Tons) and average price (US$/Ton) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global High-Purity Battery Grade Cobalt Sulfate Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global High-Purity Battery Grade Cobalt Sulfate Market, Segmentation by Type:
Cobalt Sulfate Solution
Cobalt Sulfate Crystal Powder
Global High-Purity Battery Grade Cobalt Sulfate Market, Segmentation by Raw Material Sources:
Mining Intermediate Products
Waste Batteries
Others
Global High-Purity Battery Grade Cobalt Sulfate Market, Segmentation by Standard Grade:
Industry Standard
Specific Standard
Global High-Purity Battery Grade Cobalt Sulfate Market, Segmentation by Application:
Power Battery
Consumer Battery
Others
Companies Profiled:
Trimegah Bangun Persada (TBP)
Terrafame Ltd
Nornickel
Huayou Cobalt
GEM
Hunan Jin Yuan New Material
Ganzhou Tengyuan Cobalt Industrial
Gaungdong Fangyuan Environment
Zhangjiagang Huayi Chemical
Dalian Ruiyuan Power
Jiangxi Grand Green Technology
Greatpower Nickel and Cobalt Materials
Guangxi Yinyi Advanced Material
Guangdong Jin Sheng New Energy
Ji En Nickel Industry
CoreMax Corporation
Key Questions Answered:
1. How big is the global High-Purity Battery Grade Cobalt Sulfate market?
2. What is the demand of the global High-Purity Battery Grade Cobalt Sulfate market?
3. What is the year over year growth of the global High-Purity Battery Grade Cobalt Sulfate market?
4. What is the production and production value of the global High-Purity Battery Grade Cobalt Sulfate market?
5. Who are the key producers in the global High-Purity Battery Grade Cobalt Sulfate market?
6. What are the growth factors driving the market demand?
Table of Contents
146 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Raw Material Sources
- 7 Market Analysis by Standard Grade
- 8 Market Analysis by Application
- 9 Company Profiles
- 10 Industry Chain Analysis
- 11 Research Findings and Conclusion
- 12 Appendix
Pricing
Currency Rates
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