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Global Cobalt Market 2015-2019

Global Cobalt Market 2015-2019

About cobalt

Cobalt is a chemical element obtained in combination with other elements in minerals such as skutterudite (a cobalt-nickel arsenide), carrollite (a copper-cobalt-(nickel) sulfide), and asbolane (a nickel-cobalt-manganese oxide). Cobalt is obtained from three main ore deposits: sediment-hosted stratiform copper deposits, magmatic nickel sulfide deposits, and nickel laterite deposits. It is generally processed as a byproduct of processed nickel and copper ores. Cobalt and its alloys find application in numerous industries such as battery chemicals, superalloys, defense, and catalysts.

Technavio's analysts forecast the global cobalt market to grow at a CAGR of 9.19% over the period 2014-2019.

Covered in this report

The global cobalt market can be segmented into six based on application: battery chemicals, superalloys, hard metals, catalysts, ceramics/pigments, and others.

Technavio's report, Global Cobalt Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, North America, and ROW; it also covers the global cobalt market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key regions

  • APAC
  • Europe
  • North America
  • ROW
Key vendors
  • Freeport-McMoran Copper and Gold
  • Glencore Xstrate
  • Huayou Cobalt
  • Nippon Steel and Sumitomo Metal
  • Sherritt International
  • Umicore
Other prominent vendors
  • Ambatovy
  • BHP Billiton
  • Chambishi Metals
  • Eramet
  • Formation Metals
  • Gécamines
  • GEM
  • Jiangsu Cobalt Nickel Metal
  • Katanga Mining
  • Minara
  • Mopani Copper
  • Norilsk
  • OMG
  • QNPL
  • Rubamin
  • Vale
  • Votorantim Metais
  • Zhejiang Huayou Cobalt
Market driver
  • Use of reusable energy storage systems
  • For a full, detailed list, view our report
Market challenge
  • Supply demand gap
  • For a full, detailed list, view our report
Market trend
  • Rise in capacity expansions and mining projects
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Cobalt Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Cobalt Market: Freeport-McMoran Copper and Gold, Glencore Xstrata, Huayou Cobalt, Nippon Steel and Sumitomo Metal, Sherritt International and Umicore
Other Prominent Vendors in the market are: Ambatovy, BHP Billiton, Chambishi Metals, Eramet, Formation Metals, Gécamines, GEM, Jiangsu Cobalt Nickel Metal, Katanga Mining, Minara, Mopani Copper, Norilsk, OMG, Open Joint Stock Company Mining and Metallurgical Company Norilsk Nickel, QNPL, Rubamin, Vale, Votorantim Metais, and Zhejiang Huayou Cobalt.
Commenting on the report, an analyst from Technavio’s team said: “The market is expected to witness certain key trends that will increase the growth of the market. One such trend is the rise in capacity expansions and mining projects. Potential mining projects that could produce supplementary cobalt raw materials are underway.”
According to the report, the boom in reusable energy storage systems is one of the major drivers contributing to the growth of the global cobalt market. Flourishing demand for rechargeable batteries in electronic devices, such as mobile phones, laptops, computers, tablets, and portable devices, is driving demand for cobalt in the market.
Further, the report states that one of the major challenges is the dominance of the DRC and Zambia, which don't have adequate support technologies or complementary assets, such as sophisticated ports and road transportation.

Companies Mentioned

Freeport-McMoran Copper and Gold, Glencore Xstrata, Huayou Cobalt, Nippon Steel and Sumitomo Metal, Sherritt International, Umicore, Ambatovy, BHP Billiton, Chambishi Metals, Eramet, Formation Metals, Gécamines, GEM, Jiangsu Cobalt Nickel Metal, Katanga Mining, Minara, Mopani Copper, Norilsk, OMG, Open Joint Stock Company Mining and Metallurgical Company Norilsk Nickel, QNPL, Rubamin, Vale, Votorantim Metais, Zhejiang Huayou Cobalt.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Segmentation of global cobalt market
    • General properties of cobalt
    • World cobalt reserves by country
      • Table World cobalt reserves by country 2014 (in metric tons)
    • Major countries in global cobalt mine production
      • Table Major countries in global cobalt mine production 2010-2014 (in '000 metric tons)
    • Global mine production of cobalt
      • Table Global mine production of cobalt 2008-2014 (in '000 metric tons)
      • Table Global refinery production of cobalt 2008-2012 (in '000 metric tons)
  • Global cobalt market
    • Market size and forecast by consumption
      • Table Global cobalt market 2014-2019 (000 tons)
    • Five forces analysis
      • Table Five forces analysis
  • Global cobalt production process
    • Table Global cobalt production process 2014
    • Table Global cobalt production process 2019
    • Global cobalt market by primary production
      • Table Global cobalt market by primary production 2014-2019 ('000 MT)
    • Global cobalt market by secondary production
      • Table Global cobalt market by secondary production 2014-2019 ('000 MT)
  • Market segmentation by application
    • Segmentation of global cobalt market by application
      • Table Segmentation of global cobalt market by application
      • Table Global cobalt market by application 2014
    • Global cobalt market for battery chemicals sector
      • Table Global cobalt market for battery chemicals sector 2014-2019 ('000 MT)
    • Global cobalt market for superalloys sector
      • Table Global cobalt market for superalloys sector 2014-2019 ('000 MT)
    • Global cobalt market for hard metals sector
      • Table Global cobalt market for hard metals sector 2014-2019 ('000 MT)
    • Global cobalt market for catalysts sector
      • Table Global cobalt market for catalysts sector 2014-2019 ('000 MT)
    • Global cobalt market for ceramics/pigments sector
      • Table Global cobalt market for ceramics/pigments sector 2014-2019 ('000 MT)
    • Global cobalt market for other sector
      • Table Global cobalt market for other sector 2014-2019 ('000 MT)
  • Market segmentation by end-use
    • Global cobalt market by end-use
      • Table Global cobalt market by end-use 2014
  • Geographical segmentation
    • Segmentation of global cobalt market by geography
      • Table Segmentation of global cobalt market by geography
    • Segmentation of global cobalt market by geography 2014-2019
      • Table Segmentation of global cobalt market by geography 2014
    • Cobalt market in APAC
      • Table Cobalt market in APAC 2014-2019 ('000 MT)
    • Cobalt market in North America
      • Table Cobalt market in North America 2014-2019 ('000 MT)
    • Cobalt market in Europe
      • Table Cobalt market in Europe 2014-2019 ('000 MT)
    • Cobalt market in ROW
      • Table Cobalt market in ROW 2014-2019 ('000 MT)
  • Key leading countries
    • DRC
    • China
    • Canada
  • Market drivers
    • Table Aircraft raw material value by material type
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Major cobalt production projects by capacity scheduled between 2013 and 2017 (MT)
  • Vendor landscape
    • Competitive scenario
    • Major market vendors
      • Table Major market vendors 2014
    • Other prominent vendors
  • Key vendor analysis
    • Freeport-McMoRan
      • Table Freeport-McMoRan: Business segmentation by revenue 2014
      • Table Freeport-McMoRan: Geographical segmentation by revenue 2014
    • Glencore Xstrata
      • Table Glencore: Business segmentation by revenue 2014
      • Table Glencore: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Glencore: Geographical segmentation by revenue 2014
    • Huayou Cobalt
      • Table Huayou Cobalt: Products
      • Table Huayou Cobalt: Product application of cobalt
      • Table Huayou cobalt: Geographical segmentation
    • Nippon Steel & Sumitomo Metal
      • Table Nippon Steel & Sumitomo Metal : Business segmentation 2014 by revenue
      • Table Nippon Steel & Sumitomo Metal : Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Nippon Steel & Sumitomo Metal : Geographical segmentation by revenue 2014
    • Sherritt International
      • Table Sherritt International: Business segmentation by revenue 2014
      • Table Sherritt International: Business segmentation by revenue 2013 and 2014
      • Table Sherritt International: Geographical segmentation by revenue 2014
    • Umicore
      • Table Umicore: Business segmentation by revenue 2014
      • Table Umicore: Business segmentation by revenue 2013 and 2014
      • Table Umicore: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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