The global market for Cobalt Powder was estimated to be worth US$ 768 million in 2024 and is forecast to a readjusted size of US$ 1152 million by 2031 with a CAGR of 6.6% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Cobalt Powder cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
This report studies the Cobalt Powder market, Cobalt powder is one of the main product forms of non-ferrous metal cobalt. Gray irregular powder, soluble in acid, magnetic, easily oxidized in humid air. In 2024, global Cobalt Powder Thread production reached approximately 20153 MT, with an average global market price of around US$ 38143 per MT.
The cobalt powder market is experiencing steady growth as cobalt plays a vital role in advanced material applications. Its fine powder form is widely used in the production of high-performance alloys, hard metals, and specialized coatings, where its strength, corrosion resistance, and heat stability are highly valued. One of the most significant drivers is the increasing use of cobalt powder in rechargeable batteries, particularly in lithium-ion technologies for electric vehicles, portable electronics, and energy storage systems. Beyond batteries, demand is also supported by aerospace, defense, and industrial tooling sectors, where cobalt-based alloys are integral for performance under extreme conditions.
Regionally, the market is influenced by both major producers of cobalt raw materials and strong consumer bases in technologically advanced regions. Asia-Pacific has become a major hub due to its dominance in battery manufacturing and electronics production, while Europe and North America continue to see robust demand from aerospace, automotive, and energy storage sectors. The competitive landscape includes large mining companies integrated with refining and powder processing operations, as well as specialty chemical and materials firms focusing on high-purity and application-specific grades. Looking ahead, market growth is expected to be shaped by the transition to renewable energy, electric mobility, and supply chain developments around critical raw materials.
This report aims to provide a comprehensive presentation of the global market for Cobalt Powder, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Cobalt Powder by region & country, by Type, and by Application.
The Cobalt Powder market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cobalt Powder.
Market Segmentation
By Company
- Umicore
- Freeport Cobalt
- Hanrui Cobalt
- Green Eco-Manufacturer
- Bailuoda (Umicore)
Segment by Type
Segment by Application
- Carbide
- Superalloy
- Battery
- Magnetic Material
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Cobalt Powder manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Cobalt Powder in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Cobalt Powder in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Cobalt Powder Product Introduction
- 1.2 Global Cobalt Powder Market Size Forecast
- 1.2.1 Global Cobalt Powder Sales Value (2020-2031)
- 1.2.2 Global Cobalt Powder Sales Volume (2020-2031)
- 1.2.3 Global Cobalt Powder Sales Price (2020-2031)
- 1.3 Cobalt Powder Market Trends & Drivers
- 1.3.1 Cobalt Powder Industry Trends
- 1.3.2 Cobalt Powder Market Drivers & Opportunity
- 1.3.3 Cobalt Powder Market Challenges
- 1.3.4 Cobalt Powder Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Cobalt Powder Players Revenue Ranking (2024)
- 2.2 Global Cobalt Powder Revenue by Company (2020-2025)
- 2.3 Global Cobalt Powder Players Sales Volume Ranking (2024)
- 2.4 Global Cobalt Powder Sales Volume by Company Players (2020-2025)
- 2.5 Global Cobalt Powder Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Cobalt Powder Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Cobalt Powder Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Cobalt Powder
- 2.9 Cobalt Powder Market Competitive Analysis
- 2.9.1 Cobalt Powder Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Cobalt Powder Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Cobalt Powder as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 0.998
- 3.1.2 0.993
- 3.1.3 Others
- 3.2 Global Cobalt Powder Sales Value by Type
- 3.2.1 Global Cobalt Powder Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Cobalt Powder Sales Value, by Type (2020-2031)
- 3.2.3 Global Cobalt Powder Sales Value, by Type (%) (2020-2031)
- 3.3 Global Cobalt Powder Sales Volume by Type
- 3.3.1 Global Cobalt Powder Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Cobalt Powder Sales Volume, by Type (2020-2031)
- 3.3.3 Global Cobalt Powder Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Cobalt Powder Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Carbide
- 4.1.2 Superalloy
- 4.1.3 Battery
- 4.1.4 Magnetic Material
- 4.1.5 Others
- 4.2 Global Cobalt Powder Sales Value by Application
- 4.2.1 Global Cobalt Powder Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Cobalt Powder Sales Value, by Application (2020-2031)
- 4.2.3 Global Cobalt Powder Sales Value, by Application (%) (2020-2031)
- 4.3 Global Cobalt Powder Sales Volume by Application
- 4.3.1 Global Cobalt Powder Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Cobalt Powder Sales Volume, by Application (2020-2031)
- 4.3.3 Global Cobalt Powder Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Cobalt Powder Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Cobalt Powder Sales Value by Region
- 5.1.1 Global Cobalt Powder Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Cobalt Powder Sales Value by Region (2020-2025)
- 5.1.3 Global Cobalt Powder Sales Value by Region (2026-2031)
- 5.1.4 Global Cobalt Powder Sales Value by Region (%), (2020-2031)
- 5.2 Global Cobalt Powder Sales Volume by Region
- 5.2.1 Global Cobalt Powder Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Cobalt Powder Sales Volume by Region (2020-2025)
- 5.2.3 Global Cobalt Powder Sales Volume by Region (2026-2031)
- 5.2.4 Global Cobalt Powder Sales Volume by Region (%), (2020-2031)
- 5.3 Global Cobalt Powder Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Cobalt Powder Sales Value, 2020-2031
- 5.4.2 North America Cobalt Powder Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Cobalt Powder Sales Value, 2020-2031
- 5.5.2 Europe Cobalt Powder Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Cobalt Powder Sales Value, 2020-2031
- 5.6.2 Asia Pacific Cobalt Powder Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Cobalt Powder Sales Value, 2020-2031
- 5.7.2 South America Cobalt Powder Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Cobalt Powder Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Cobalt Powder Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Cobalt Powder Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Cobalt Powder Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Cobalt Powder Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Cobalt Powder Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Cobalt Powder Sales Value, 2020-2031
- 6.3.2 United States Cobalt Powder Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Cobalt Powder Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Cobalt Powder Sales Value, 2020-2031
- 6.4.2 Europe Cobalt Powder Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Cobalt Powder Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Cobalt Powder Sales Value, 2020-2031
- 6.5.2 China Cobalt Powder Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Cobalt Powder Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Cobalt Powder Sales Value, 2020-2031
- 6.6.2 Japan Cobalt Powder Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Cobalt Powder Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Cobalt Powder Sales Value, 2020-2031
- 6.7.2 South Korea Cobalt Powder Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Cobalt Powder Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Cobalt Powder Sales Value, 2020-2031
- 6.8.2 Southeast Asia Cobalt Powder Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Cobalt Powder Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Cobalt Powder Sales Value, 2020-2031
- 6.9.2 India Cobalt Powder Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Cobalt Powder Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Umicore
- 7.1.1 Umicore Company Information
- 7.1.2 Umicore Introduction and Business Overview
- 7.1.3 Umicore Cobalt Powder Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Umicore Cobalt Powder Product Offerings
- 7.1.5 Umicore Recent Development
- 7.2 Freeport Cobalt
- 7.2.1 Freeport Cobalt Company Information
- 7.2.2 Freeport Cobalt Introduction and Business Overview
- 7.2.3 Freeport Cobalt Cobalt Powder Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Freeport Cobalt Cobalt Powder Product Offerings
- 7.2.5 Freeport Cobalt Recent Development
- 7.3 Hanrui Cobalt
- 7.3.1 Hanrui Cobalt Company Information
- 7.3.2 Hanrui Cobalt Introduction and Business Overview
- 7.3.3 Hanrui Cobalt Cobalt Powder Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Hanrui Cobalt Cobalt Powder Product Offerings
- 7.3.5 Hanrui Cobalt Recent Development
- 7.4 Green Eco-Manufacturer
- 7.4.1 Green Eco-Manufacturer Company Information
- 7.4.2 Green Eco-Manufacturer Introduction and Business Overview
- 7.4.3 Green Eco-Manufacturer Cobalt Powder Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Green Eco-Manufacturer Cobalt Powder Product Offerings
- 7.4.5 Green Eco-Manufacturer Recent Development
- 7.5 Bailuoda (Umicore)
- 7.5.1 Bailuoda (Umicore) Company Information
- 7.5.2 Bailuoda (Umicore) Introduction and Business Overview
- 7.5.3 Bailuoda (Umicore) Cobalt Powder Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Bailuoda (Umicore) Cobalt Powder Product Offerings
- 7.5.5 Bailuoda (Umicore) Recent Development
8 Industry Chain Analysis
- 8.1 Cobalt Powder Industrial Chain
- 8.2 Cobalt Powder Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Cobalt Powder Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Cobalt Powder Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer