Global Metal Cobalt Market Growth 2025-2031

The global Metal Cobalt market size is predicted to grow from US$ 10010 million in 2025 to US$ 17390 million in 2031; it is expected to grow at a CAGR of 9.6% from 2025 to 2031.

Cobalt is a chemical element with the symbol Co and atomic number 27. As with nickel, cobalt is found in the Earth"s crust only in a chemically combined form, save for small deposits found in alloys of natural meteoric iron. The free element, produced by reductive smelting, is a hard, lustrous, silver metal.

United States market for Metal Cobalt is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Metal Cobalt is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Metal Cobalt is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Metal Cobalt players cover Umicore, Jinchuan Group, Hanrui Cobalt, Nantong Xinwei Nickel & Cobalt, Yantai CASH Industrial, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Metal Cobalt Industry Forecast” looks at past sales and reviews total world Metal Cobalt sales in 2024, providing a comprehensive analysis by region and market sector of projected Metal Cobalt sales for 2025 through 2031. With Metal Cobalt sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Metal Cobalt industry.

This Insight Report provides a comprehensive analysis of the global Metal Cobalt landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Metal Cobalt portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Metal Cobalt market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Metal Cobalt and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Metal Cobalt.

This report presents a comprehensive overview, market shares, and growth opportunities of Metal Cobalt market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

Electrolytic Cobalt

Cobalt Powder

Segmentation by Application:

Cobalt-based Alloys

Permanent Magnetic Materials

Catalyst

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

Umicore

Jinchuan Group

Hanrui Cobalt

Nantong Xinwei Nickel & Cobalt

Yantai CASH Industrial

Shandong Jinling Mining

Glencore

Eurasian Resources Group

China Molybdenum

Gecamines

Zhejiang Huayou Cobalt

Key Questions Addressed in this Report

What is the 10-year outlook for the global Metal Cobalt market?

What factors are driving Metal Cobalt market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Metal Cobalt market opportunities vary by end market size?

How does Metal Cobalt break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.