Report cover image

Middle East Cobalt Market Size, Share & Trends Analysis Report By Product (Cobalt Sulfate, Cobalt Oxide, Cobalt Metal), By Application (EV, Industrial Metals, Superalloys), By Country, And Segment Forecasts, 2025 - 2033

Publisher Grand View Research
Published Aug 18, 2025
Length 80 Pages
SKU # GV20400214

Description

Middle East Cobalt Market Summary

The Middle East cobalt market size was estimated at USD 110.8 million in 2024 and is expected to reach USD 183.2 million by 2033, at a CAGR of 5.8% from 2025 to 2033. The expanding production and adoption of electric vehicles (EVs) in the region are expected to drive increased demand for cobalt during the forecast period.

Lithium-nickel-manganese-cobalt-oxide (NMC) batteries, which typically contain 10-20% cobalt in their cathodes, remain the most widely used battery chemistry for EVs. Cobalt is a critical component of lithium-ion batteries, enhancing electric vehicles' driving range and durability. Sustainability is becoming a key focus in the market, driven by increasing environmental regulations and the global push towards greener technologies.

Cobalt sourcing and processing are under scrutiny to ensure ethical practices, including reducing the environmental impact of mining and promoting responsible supply chains. The Middle East is investing in sustainable battery recycling initiatives and exploring alternative materials to minimize cobalt dependency. These efforts aim to support the circular economy while meeting the growing demand for cobalt in clean energy applications, aligning the region’s cobalt industry with global sustainability goals.

Middle East Cobalt Market Report Segmentation

This report forecasts revenue and volume growth at country levels and analyzes the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East cobalt market report based on product, end use, and country:
  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
  • Cobalt Sulfate
  • Cobalt Oxide
  • Cobalt Metal
  • Others
  • End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
  • Electric Vehicles
  • Other Batteries
  • Industrial Metals
  • Industrial Chemicals
  • Superalloys
  • Country Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
  • Middle East
  • Saudi Arabia
  • UAE
  • Qatar
  • Oman
Please note The report will be delivered in 4-8 business days upon order notification.

Table of Contents

80 Pages
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Information Analysis
1.3.2. Market Formulation & Data Visualization
1.3.3. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.1.1. Global Cobalt Market Outlook
3.2. Value Chain Analysis
3.2.1. Raw Material Outlook
3.3. Manufacturing Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Industry Trends
3.6.1. ESG Trends
3.6.2. Trade Scenario
3.7. Porter’s Five Forces Analysis
3.7.1. Bargaining Power of Suppliers
3.7.2. Bargaining Power of Buyers
3.7.3. Threat of Substitution
3.7.4. Threat of New Entrants
3.7.5. Competitive Rivalry
3.8. PESTLE Analysis
3.8.1. Political
3.8.2. Economic
3.8.3. Social Landscape
3.8.4. Technology
3.8.5. Environmental
3.8.6. Legal
Chapter 4. Middle East Cobalt Market: Product Estimates & Trend Analysis
4.1. Middle East Cobalt Market: Product Movement Analysis, 2024 & 2033
4.2. Cobalt Sulfide
4.2.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
4.3. Cobalt Oxide
4.3.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
4.4. Cobalt Metal
4.4.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
4.5. Others
4.5.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
Chapter 5. Middle East Cobalt Market: End Use Estimates & Trend Analysis
5.1. Middle East Cobalt Market: End Use Movement Analysis, 2024 & 2033
5.2. Electric Vehicles
5.2.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
5.3. Other Batteries
5.3.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
5.4. Industrial Metals
5.4.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
5.5. Industrial Chemicals
5.5.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
5.6. Superalloys
5.6.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
Chapter 6. Cobalt Market: Country Estimates & Trend Analysis
6.1. Regional Analysis, 2023 & 2030
6.2. Middle East
6.2.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.2.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.2.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.2.4. Saudi Arabia
6.2.4.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.2.4.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.2.4.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.2.5. UAE
6.2.5.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.2.5.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.2.5.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.2.6. Qatar
6.2.6.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.2.6.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.2.6.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.2.7. Oman
6.2.7.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.2.7.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.2.7.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments, By Key Market Participants
7.2. Kraljic Matrix
7.3. Company Categorization
7.4. Company Market Ranking
7.5. Heat Map Analysis
7.6. Vendor Landscape
7.6.1. List of Raw Material Suppliers
7.6.2. List of Distributors/Traders
7.7. List of Prospective End Users
7.8. Strategy Mapping
7.9. Company Profiles/Listing
7.9.1. Ma’aden
7.9.1.1. Company Overview
7.9.1.2. Product Benchmarking
7.9.2. Saudi Aramco
7.9.2.1. Company Overview
7.9.2.2. Product Benchmarking
7.9.3. Emirates Global Aluminium (EGA)
7.9.3.1. Company Overview
7.9.3.2. Product Benchmarking
7.9.4. Advanced Battery Metals Middle East
7.9.4.1. Company Overview
7.9.4.2. Product Benchmarking
7.9.5. Qatar Mining Company
7.9.5.1. Company Overview
7.9.5.2. Product Benchmarking
7.9.6. Aluminium Bahrain
7.9.6.1. Company Overview
7.9.6.2. Product Benchmarking
7.9.7. Dubai Multi Commodities Centre (DMCC)
7.9.7.1. Company Overview
7.9.7.2. Product Benchmarking
7.9.8. Rusal Middle East
7.9.8.1. Company Overview
7.9.8.2. Product Benchmarking
7.9.9. FAMCO (Fajr Capital)
7.9.9.1. Company Overview
7.9.9.2. Product Benchmarking
7.9.10. Gulf Mining Group
7.9.10.1. Company Overview
7.9.10.2. Product Benchmarking

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us