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市场调查报告书
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1569856

2030 年硫酸钴市场预测：按品位、应用、最终用户和地区分類的全球分析

Cobalt Sulfate Market Forecasts to 2030 - Global Analysis By Grade (Battery Grade, Industrial Grade and Feed Grade), Application, End User and By Geography
出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3个工作天内

价格

根据Stratistics MRC预测，2024年全球硫酸钴市场规模将达13亿美元，预计2030年将达22亿美元，预测期内复合年增长率为8.4%。

硫酸钴是一种无机化合物，化学式为 CoSO4，通常为红色或粉红色结晶质固体。硫酸钴通常用作生产钴基材料的前体，特别是用于电动车和电子设备的锂离子电池。硫酸钴也用于电镀、颜料以及作为动物食品中的膳食补充剂。

根据钴研究所预测，到2030年，钴的需求预计将翻一番，年增率为10%。

能源储存需求不断成长

对能源储存解决方案的需求不断增长是硫酸钴市场的主要驱动因素。随着太阳能和风能等可再生能源变得越来越流行，对高效能能源储存系统的需求也随之增加。硫酸钴是锂离子电池的关键组成部分，广泛应用于电网规模能源储存和电动车领域。全球对清洁能源和交通电气化的推动正在刺激对这些电池的需求，从而推动硫酸钴市场的成长。

钴价波动

钴价格波动取决于多种因素，包括地缘政治紧张局势、供应链中断以及关键产业的需求变化。这种波动为製造商和最终用户带来了不确定性，使其难以规划长期投资并保持稳定的利润率。此外，由于製造商寻求替代品，价格上涨可能导致需求下降，减缓市场成长。

从电池中回收钴

随着废弃锂离子电池数量的增加，高效率的回收流程可以回收有价值的钴并减少对初级采矿的依赖。这不仅解决了供应问题，也满足了永续性目标。回收有助于稳定钴价格、创造循环经济并减少与采矿相关的环境影响。投资回收技术的公司可以在市场上获得竞争优势。

严格的环境法规

严格的环境法规对硫酸钴市场构成威胁。随着世界各国政府对采矿和加工活动推出更严格的法规，企业面临更高的合规成本和营运挑战。这些法规旨在减少环境影响并确保负责任的采购，特别是在钴矿开采与人权议题相关的地区。合规性可能需要在清洁技术和供应链透明度方面进行大量投资，这可能会影响该行业某些参与者的利润率和市场竞争。

COVID-19 的影响：

由于供应链中断和製造活动减少，COVID-19 大流行最初扰乱了硫酸钴市场。然而，危机也加速了向电气化和可再生能源的转变，提振了对硫酸钴的长期需求。此次疫情凸显了安全供应链的重要性，并可能导致人们加强实现钴来源多元化和开发回收技术。

电池级细分市场预计将在预测期内成为最大的细分市场

预计电池级细分市场将在预测期内占据市场占有率。这项优势背后的主要因素是电动车（EV）产业的快速成长以及可再生能源储存系统的日益普及。电池级硫酸钴是锂离子电池生产的重要成分，而锂离子电池对于电动车和电网规模的能源储存至关重要。全球对电气化和清洁能源解决方案的推动预计将维持对电池级硫酸钴的高需求，并确保其在市场上的主导地位。

电镀领域预计在预测期内复合年增长率最高

预计电镀产业在预测期内将以最高复合年增长率成长。这种快速增长是由汽车、电子和航太等各种行业对高品质表面光洁度不断增长的需求所推动的。硫酸钴用于电镀工艺，为金属表面提供耐腐蚀、耐磨性和美观性。新兴国家的製造业扩张和电子产品小型化趋势正在推动对先进电镀解决方案的需求，从而推动硫酸钴市场这一细分市场的成长。

最大份额面积：

预计亚太地区将在预测期内占据硫酸钴市场的最大市场占有率。这项优势得益于强大的电动车产业，尤其是在中国、日本和韩国等国家。主要电池製造商的存在、促进清洁能源的政府支持政策以及对可再生能源计划投资的增加有助于该地区的市场领导地位。

复合年增长率最高的地区：

预计亚太地区在预测期内硫酸钴市场将实现最高的复合年增长率。这种快速成长是由加速向电动车转型、不断成长的可再生能源产业以及对能源储存解决方案的日益关注所推动的。中国、印度和东南亚国家等国家正大力投资电池製造设施和电动车生产。此外，电池产业对品管和安全标准的日益重视，加上该地区技术的快速进步，也促进了该地区的高成长率。

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目录

第一章执行摘要

第二章 前言

  • 概述
  • 相关利益者
  • 调查范围
  • 调查方法
    • 资料探勘
    • 资料分析
    • 资料检验
    • 研究途径
  • 研究资讯来源
    • 主要研究资讯来源
    • 二次研究资讯来源
    • 先决条件

第三章市场趋势分析

  • 促进因素
  • 抑制因素
  • 机会
  • 威胁
  • 应用分析
  • 最终用户分析
  • 新兴市场
  • COVID-19 的影响

第4章波特五力分析

  • 供应商的议价能力
  • 买方议价能力
  • 替代品的威胁
  • 新进入者的威胁
  • 竞争公司之间的敌对关係

第五章全球硫酸钴市场：依等级

  • 电池等级
  • 工业级
  • 饲料级

第六章全球硫酸钴市场：依应用分类

  • 电池/能源储存
  • 金属饰面
  • 电镀
  • 动物饲料和土壤添加剂
  • 墨水和颜料
  • 特种化学品应用
  • 玻璃製造
  • 催化剂
  • 其他用途

第七章全球硫酸钴市场：依最终用户分类

  • 汽车/交通
  • 家电
  • 能源和电力
  • 航太
  • 工业製造
  • 农业
  • 其他最终用户

第八章全球硫酸钴市场：按地区

  • 北美洲
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 义大利
    • 法国
    • 西班牙
    • 其他欧洲国家
  • 亚太地区
    • 日本
    • 中国
    • 印度
    • 澳洲
    • 纽西兰
    • 韩国
    • 其他亚太地区
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地区
  • 中东/非洲
    • 沙乌地阿拉伯
    • 阿拉伯聯合大公国
    • 卡达
    • 南非
    • 其他中东和非洲

第九章 主要进展

  • 合约、伙伴关係、协作和合资企业
  • 收购和合併
  • 新产品发布
  • 业务拓展
  • 其他关键策略

第 10 章 公司概况

  • Umicore
  • Freeport-McMoRan Inc.
  • Glencore
  • China Molybdenum Co., Ltd.
  • Huayou Cobalt Co., Ltd.
  • Jinchuan Group Co., Ltd.
  • Ganzhou Tengyuan Cobalt Industrial Co. Ltd.
  • ALT Cobalt & Nickel Products（Dalian）Co., Ltd.
  • Anglo American plc
  • Vale SA
  • Sherritt International
  • Sumitomo Metal Mining Co., Ltd.
  • Norilsk Nickel
  • Jervois Finland
  • Zhangjiagang Huayi Chemical Co. Ltd.
Product Code: SMRC27364

According to Stratistics MRC, the Global Cobalt Sulfate Market is accounted for $1.3 billion in 2024 and is expected to reach $2.2 billion by 2030 growing at a CAGR of 8.4% during the forecast period. Cobalt sulfate is an inorganic compound with the chemical formula CoSO4, typically found as red or pink crystalline solids. It is commonly used as a precursor in the production of cobalt-based materials, particularly in lithium-ion batteries for electric vehicles and electronics. Cobalt sulfate also finds applications in electroplating, pigments, and as a nutritional supplement in animal feed.

According to the Cobalt Institute, cobalt demand is indeed projected to double by 2030, growing at an annual rate of 10%.

Market Dynamics:

Driver:

Rising energy storage needs

The increasing demand for energy storage solutions is a key driver for the cobalt sulfate market. As renewable energy sources like solar and wind gain prominence, the need for efficient energy storage systems grows. Cobalt sulfate is a crucial component in lithium-ion batteries, which are widely used in grid-scale energy storage and electric vehicles. The global push towards clean energy and electrification of transportation is fueling the demand for these batteries, consequently driving the growth of the cobalt sulfate market.

Restraint:

Price volatility of cobalt

Cobalt prices are subject to fluctuations due to various factors including geopolitical tensions, supply chain disruptions, and changes in demand from major industries. This volatility creates uncertainty for manufacturers and end-users, making it challenging to plan long-term investments and maintain stable profit margins. Additionally, high prices can lead to reduced demand as manufacturers seek alternatives, potentially slowing market growth.

Opportunity:

Recycling of cobalt from batteries

As the number of end-of-life lithium-ion batteries increases, efficient recycling processes can recover valuable cobalt, reducing reliance on primary mining. This not only addresses supply concerns but also aligns with sustainability goals. Recycling can help stabilize cobalt prices, create a circular economy, and mitigate environmental impacts associated with mining. Companies investing in recycling technologies stand to gain a competitive edge in the market.

Threat:

Stringent environmental regulations

Stringent environmental regulations pose a threat to the cobalt sulfate market. As governments worldwide implement stricter rules on mining and processing activities, companies face increased compliance costs and operational challenges. These regulations aim to reduce environmental impacts and ensure responsible sourcing, particularly in regions where cobalt mining has been associated with human rights issues. Compliance may require significant investments in cleaner technologies and supply chain transparency, potentially affecting profit margins and market competitiveness for some players in the industry.

Covid-19 Impact:

The COVID-19 pandemic initially disrupted the cobalt sulfate market due to supply chain interruptions and reduced manufacturing activities. However, the crisis also accelerated the shift towards electrification and renewable energy, boosting long-term demand for cobalt sulfate. The pandemic highlighted the importance of secure supply chains, potentially leading to increased efforts in diversifying cobalt sources and developing recycling technologies.

The battery grade segment is expected to be the largest during the forecast period

Over the forecasted timeframe, the battery grade segment is anticipated to dominate the market share. This dominance is primarily driven by the rapid growth of the electric vehicle (EV) industry and increasing adoption of renewable energy storage systems. Battery grade cobalt sulfate is a crucial component in the production of lithium-ion batteries, which are essential for EVs and grid-scale energy storage. The ongoing global push for electrification and clean energy solutions is expected to sustain high demand for battery grade cobalt sulfate, ensuring its leading position in the market.

The electroplating segment is expected to have the highest CAGR during the forecast period

During the projection period, the electroplating segment is expected to grow at the highest CAGR. This rapid growth can be attributed to the increasing demand for high-quality surface finishes in various industries, including automotive, electronics, and aerospace. Cobalt sulfate is used in electroplating processes to provide corrosion resistance, wear resistance, and aesthetic appeal to metal surfaces. The expanding manufacturing sector in emerging economies and the growing trend of miniaturization in electronics are driving the demand for advanced electroplating solutions, thereby fueling the growth of this segment in the cobalt sulfate market.

Region with largest share:

During the estimation period, the Asia Pacific region is expected to capture the largest market share in the cobalt sulfate market. This dominance is primarily attributed to the region's robust electric vehicle industry, particularly in countries like China, Japan, and South Korea. The presence of major battery manufacturers, supportive government policies promoting clean energy, and increasing investments in renewable energy projects contribute to the region's market leadership.

Region with highest CAGR:

The Asia Pacific region is projected to achieve the highest CAGR during the forecast period in the cobalt sulfate market. This rapid growth is driven by the region's accelerating transition towards electric mobility, expanding renewable energy sector, and increasing focus on energy storage solutions. Countries like China, India, and Southeast Asian nations are witnessing significant investments in battery manufacturing facilities and electric vehicle production. Additionally, the growing emphasis on quality control and safety standards in the battery industry, coupled with the region's fast technological advancements, contributes to the high growth rate in the region.

Key players in the market

Some of the key players in Cobalt Sulfate Market include Umicore, Freeport-McMoRan Inc., Glencore, China Molybdenum Co., Ltd., Huayou Cobalt Co., Ltd., Jinchuan Group Co., Ltd., Ganzhou Tengyuan Cobalt Industrial Co. Ltd., ALT Cobalt & Nickel Products (Dalian) Co., Ltd., Anglo American plc, Vale S.A., Sherritt International, Sumitomo Metal Mining Co., Ltd., Norilsk Nickel, Jervois Finland and Zhangjiagang Huayi Chemical Co. Ltd.

Key Developments:

In April 2024, Glencore signed a letter of intent with EVelution Energy to supply up to 7,000 tonnes of contained cobalt per year for a new cobalt processing facility in the US, which will produce cobalt sulfate for EV batteries.

In November 2023, Umicore announced plans to build a precursor cathode active materials (pCAM) and cathode active materials (CAM) manufacturing facility in Ontario, Canada. This will support North American EV battery production and includes cobalt sulfate processing.

In August 2023, CMOC reported record profits for H1 2023, driven by increased cobalt and copper production from its Tenke Fungurume mine in the Democratic Republic of Congo.

Grades Covered:

  • Battery Grade
  • Industrial Grade
  • Feed Grade

Applications Covered:

  • Batteries/Energy Storage
  • Metal Finishing
  • Electroplating
  • Animal Feed & Soil Additive
  • Inks & Pigments
  • Specialty Chemical Applications
  • Glass Manufacturing
  • Catalysts
  • Other Applications

End Users Covered:

  • Automotive & Transportation
  • Consumer Electronics
  • Energy & Power
  • Aerospace
  • Industrial Manufacturing
  • Agriculture
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 End User Analysis
  • 3.8 Emerging Markets
  • 3.9 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Cobalt Sulfate Market, By Grade

  • 5.1 Introduction
  • 5.2 Battery Grade
  • 5.3 Industrial Grade
  • 5.4 Feed Grade

6 Global Cobalt Sulfate Market, By Application

  • 6.1 Introduction
  • 6.2 Batteries/Energy Storage
  • 6.3 Metal Finishing
  • 6.4 Electroplating
  • 6.5 Animal Feed & Soil Additive
  • 6.6 Inks & Pigments
  • 6.7 Specialty Chemical Applications
  • 6.8 Glass Manufacturing
  • 6.9 Catalysts
  • 6.10 Other Applications

7 Global Cobalt Sulfate Market, By End User

  • 7.1 Introduction
  • 7.2 Automotive & Transportation
  • 7.3 Consumer Electronics
  • 7.4 Energy & Power
  • 7.5 Aerospace
  • 7.6 Industrial Manufacturing
  • 7.7 Agriculture
  • 7.8 Other End Users

8 Global Cobalt Sulfate Market, By Geography

  • 8.1 Introduction
  • 8.2 North America
    • 8.2.1 US
    • 8.2.2 Canada
    • 8.2.3 Mexico
  • 8.3 Europe
    • 8.3.1 Germany
    • 8.3.2 UK
    • 8.3.3 Italy
    • 8.3.4 France
    • 8.3.5 Spain
    • 8.3.6 Rest of Europe
  • 8.4 Asia Pacific
    • 8.4.1 Japan
    • 8.4.2 China
    • 8.4.3 India
    • 8.4.4 Australia
    • 8.4.5 New Zealand
    • 8.4.6 South Korea
    • 8.4.7 Rest of Asia Pacific
  • 8.5 South America
    • 8.5.1 Argentina
    • 8.5.2 Brazil
    • 8.5.3 Chile
    • 8.5.4 Rest of South America
  • 8.6 Middle East & Africa
    • 8.6.1 Saudi Arabia
    • 8.6.2 UAE
    • 8.6.3 Qatar
    • 8.6.4 South Africa
    • 8.6.5 Rest of Middle East & Africa

9 Key Developments

  • 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 9.2 Acquisitions & Mergers
  • 9.3 New Product Launch
  • 9.4 Expansions
  • 9.5 Other Key Strategies

10 Company Profiling

  • 10.1 Umicore
  • 10.2 Freeport-McMoRan Inc.
  • 10.3 Glencore
  • 10.4 China Molybdenum Co., Ltd.
  • 10.5 Huayou Cobalt Co., Ltd.
  • 10.6 Jinchuan Group Co., Ltd.
  • 10.7 Ganzhou Tengyuan Cobalt Industrial Co. Ltd.
  • 10.8 ALT Cobalt & Nickel Products (Dalian) Co., Ltd.
  • 10.9 Anglo American plc
  • 10.10 Vale S.A.
  • 10.11 Sherritt International
  • 10.12 Sumitomo Metal Mining Co., Ltd.
  • 10.13 Norilsk Nickel
  • 10.14 Jervois Finland
  • 10.15 Zhangjiagang Huayi Chemical Co. Ltd.

List of Tables

  • Table 1 Global Cobalt Sulfate Market Outlook, By Region (2022-2030) ($MN)
  • Table 2 Global Cobalt Sulfate Market Outlook, By Grade (2022-2030) ($MN)
  • Table 3 Global Cobalt Sulfate Market Outlook, By Battery Grade (2022-2030) ($MN)
  • Table 4 Global Cobalt Sulfate Market Outlook, By Industrial Grade (2022-2030) ($MN)
  • Table 5 Global Cobalt Sulfate Market Outlook, By Feed Grade (2022-2030) ($MN)
  • Table 6 Global Cobalt Sulfate Market Outlook, By Application (2022-2030) ($MN)
  • Table 7 Global Cobalt Sulfate Market Outlook, By Batteries/Energy Storage (2022-2030) ($MN)
  • Table 8 Global Cobalt Sulfate Market Outlook, By Metal Finishing (2022-2030) ($MN)
  • Table 9 Global Cobalt Sulfate Market Outlook, By Electroplating (2022-2030) ($MN)
  • Table 10 Global Cobalt Sulfate Market Outlook, By Animal Feed & Soil Additive (2022-2030) ($MN)
  • Table 11 Global Cobalt Sulfate Market Outlook, By Inks & Pigments (2022-2030) ($MN)
  • Table 12 Global Cobalt Sulfate Market Outlook, By Specialty Chemical Applications (2022-2030) ($MN)
  • Table 13 Global Cobalt Sulfate Market Outlook, By Glass Manufacturing (2022-2030) ($MN)
  • Table 14 Global Cobalt Sulfate Market Outlook, By Catalysts (2022-2030) ($MN)
  • Table 15 Global Cobalt Sulfate Market Outlook, By Other Applications (2022-2030) ($MN)
  • Table 16 Global Cobalt Sulfate Market Outlook, By End User (2022-2030) ($MN)
  • Table 17 Global Cobalt Sulfate Market Outlook, By Automotive & Transportation (2022-2030) ($MN)
  • Table 18 Global Cobalt Sulfate Market Outlook, By Consumer Electronics (2022-2030) ($MN)
  • Table 19 Global Cobalt Sulfate Market Outlook, By Energy & Power (2022-2030) ($MN)
  • Table 20 Global Cobalt Sulfate Market Outlook, By Aerospace (2022-2030) ($MN)
  • Table 21 Global Cobalt Sulfate Market Outlook, By Industrial Manufacturing (2022-2030) ($MN)
  • Table 22 Global Cobalt Sulfate Market Outlook, By Agriculture (2022-2030) ($MN)
  • Table 23 Global Cobalt Sulfate Market Outlook, By Other End Users (2022-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.