The Asia Pacific Cobalt Sulphate Market would witness market growth of 6.4% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 395.5 Hundred Tonnes, showcasing a growth of 5.6% (2019-2022).
Innovations in cobalt extraction from ores are a focus area within the industry. New and more sustainable extraction technologies aim to minimize the environmental impact of cobalt mining, addressing concerns related to deforestation, water pollution, and other ecological challenges associated with traditional mining methods. Researchers are developing selective recovery techniques to target specific metals, including cobalt, in extraction. This reduces the need for extensive processing steps and minimizes the impact on non-target elements in the ore.
Moreover, as part of a broader sustainable approach, there is a growing emphasis on recycling cobalt from end-of-life products, such as batteries. Urban mining, or the recovery of metals from electronic waste, is gaining attention as a means to reduce the reliance on traditional mining. Efficient recycling processes contribute to a circular economy and minimize the environmental footprint of cobalt production.
As per the data from the State Council of China, the nation possessed a cumulative installed renewable energy capacity of 1.06 billion kilowatts by the conclusion of 2021, constituting 44.8 percent of the overall installed power generation capacity. China produced 2.48 trillion kWh of electricity from renewable sources in 2021, representing 29.8 percent of the nation’s overall electricity usage. Moreover, as per Invest India, the nation's electronics production will be $300 Bn by FY26. The domestic production of electronics is valued at $101 Bn in FY23 and is segmented (based on FY22 data) as Mobile Phones (43%), IT Hardware (5%), and Consumer Electronics (12%). Thus, the rising electronics and renewable energy sector in Asia Pacific will assist in the expansion of the regional market.
The China market dominated the Asia Pacific Cobalt Sulphate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $226.5 million by 2030. The Japan market is registering a CAGR of 5.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.1% during (2023 - 2030).
Free Valuable Insights: The Global Cobalt Sulphate Market is Predict to reach $1.8 Billion by 2030, at a CAGR of 6.1%
Based on Application, the market is segmented into Batteries, Alloys, Magnets, Hard Materials, Catalyst, Inks & Dyes and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- JERVOIS GLOBAL LIMITED
- Shepherd Chemical Company
- Nantong Xinwei Nickel & Cobalt Hightech Development Co.,Ltd.
- Freeport-McMoRan Inc.
- Umicore NV-SA
- Hunter Chemical, LLC
- Merck KGaA
- Incasa S.A
Asia Pacific Cobalt Sulphate Market Report Segmentation
By Application (Volume, Hundred Tonnes, USD Billion, 2019-2030)
- Batteries
- Alloys
- Magnets
- Hard Materials
- Catalyst
- Inks & Dyes
- Others
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
TABLE 1 Asia Pacific Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 4 Asia Pacific Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 5 Asia Pacific Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 8 Asia Pacific Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 9 Asia Pacific Batteries Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Batteries Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Batteries Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 12 Asia Pacific Batteries Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 13 Asia Pacific Alloys Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Alloys Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Alloys Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 16 Asia Pacific Alloys Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 17 Asia Pacific Magnets Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Magnets Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Magnets Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 20 Asia Pacific Magnets Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 21 Asia Pacific Hard Materials Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Hard Materials Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Hard Materials Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 24 Asia Pacific Hard Materials Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 25 Asia Pacific Catalyst Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Catalyst Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Catalyst Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 28 Asia Pacific Catalyst Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 29 Asia Pacific Inks & Dyes Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Inks & Dyes Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Inks & Dyes Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 32 Asia Pacific Inks & Dyes Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 33 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Others Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 36 Asia Pacific Others Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 37 Asia Pacific Cobalt Sulphate Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Cobalt Sulphate Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Cobalt Sulphate Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 40 Asia Pacific Cobalt Sulphate Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 41 China Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 42 China Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 43 China Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 44 China Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 45 China Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 46 China Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 47 China Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 48 China Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 49 Japan Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 50 Japan Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 51 Japan Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 52 Japan Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 53 Japan Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 54 Japan Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 55 Japan Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 56 Japan Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 57 India Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 58 India Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 59 India Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 60 India Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 61 India Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 62 India Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 63 India Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 64 India Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 65 South Korea Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 66 South Korea Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 67 South Korea Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 68 South Korea Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 69 South Korea Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 70 South Korea Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 71 South Korea Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 72 South Korea Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 73 Singapore Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 74 Singapore Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 75 Singapore Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 76 Singapore Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 77 Singapore Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 78 Singapore Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 79 Singapore Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 80 Singapore Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 81 Malaysia Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 82 Malaysia Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 83 Malaysia Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 84 Malaysia Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 85 Malaysia Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 86 Malaysia Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 87 Malaysia Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 88 Malaysia Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 89 Rest of Asia Pacific Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 90 Rest of Asia Pacific Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 91 Rest of Asia Pacific Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 92 Rest of Asia Pacific Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 93 Rest of Asia Pacific Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 94 Rest of Asia Pacific Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 95 Rest of Asia Pacific Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 96 Rest of Asia Pacific Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 97 Key Information – JERVOIS GLOBAL LIMITED
TABLE 98 Key Information – Shepherd Chemical Company
TABLE 99 Key Information – Nantong Xinwei Nickel & Cobalt Hightech Development CO., LTD.
TABLE 100 Key Information – Umicore NV-SA
TABLE 101 Key Information – Hunter Chemical, LLC
TABLE 102 Key Information – Incasa S.A
TABLE 103 Key Information – Freeport-McMoRan Inc.
TABLE 104 key Information – Merck KGaA
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Cobalt Sulphate Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Cobalt Sulphate Market
FIG 4 Porter’s Five Forces Analysis – Cobalt Sulphate Market
FIG 5 Asia Pacific Cobalt Sulphate Market share by Application, 2022
FIG 6 Asia Pacific Cobalt Sulphate Market share by Application, 2030
FIG 7 Asia Pacific Cobalt Sulphate Market by Application, 2019 - 2030, USD Million
FIG 8 Asia Pacific Cobalt Sulphate Market share by Country, 2022
FIG 9 Asia Pacific Cobalt Sulphate Market share by Country, 2030
FIG 10 Asia Pacific Cobalt Sulphate Market by Country, 2019 - 2030, USD Million
FIG 11 Swot Analysis: Merck KGaA