LAMEA Cobalt Sulphate Market Size, Share & Trends Analysis Report By Application (Batteries, Alloys, Magnets, Hard Materials, Catalyst, Inks & Dyes and Others), By Country and Growth Forecast, 2023 - 2030

The Latin America, Middle East and Africa Cobalt Sulphate Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 112.1 Hundred Tonnes, showcasing a growth of 7.7% (2023-2030).

Ionic liquids, salts in a liquid state at low temperatures, are being explored as an alternative to traditional solvents in cobalt extraction processes. These liquids can selectively dissolve cobalt from ores and are non-volatile and non-flammable, contributing to safer and more environmentally friendly extraction methods.

Moreover, as the demand for this compound increases, so does the importance of recycling spent batteries to recover valuable materials. Innovations in battery recycling technologies are emerging, providing efficient methods to extract and reuse cobalt and other metals from used batteries. This contributes to resource conservation and mitigates the environmental impact of improper disposal.

As Saudi Arabia invests in renewable energy projects, the demand for this compound for battery production could increase to support effective energy storage solutions. As per the data provided in 2021 by the International Trade Administration, Saudi Arabia intends to produce half of its electricity from renewable energy sources and the other half from gas by 2030. The nation was preparing to construct a green hydrogen facility that would generate 660 tons of green hydrogen per day using solar and wind energy. Hence, the rising renewable energy sector in LAMEA will lead to enhanced demand for this compound in the coming years.

The Brazil market dominated the LAMEA Cobalt Sulphate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $39.4 million by 2030. The Argentina market is showcasing a CAGR of 8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.5% during (2023 - 2030).

Free Valuable Insights: The Worldwide Cobalt Sulphate Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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

LAMEA 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)

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Cobalt Sulphate Market, by Application
1.4.2 LAMEA Cobalt Sulphate Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. LAMEA Cobalt Sulphate Market by Application
4.1 LAMEA Batteries Market by Country
4.2 LAMEA Alloys Market by Country
4.3 LAMEA Magnets Market by Country
4.4 LAMEA Hard Materials Market by Country
4.5 LAMEA Catalyst Market by Country
4.6 LAMEA Inks & Dyes Market by Country
4.7 LAMEA Others Market by Country

Chapter 5. LAMEA Cobalt Sulphate Market by Country
5.1 Brazil Cobalt Sulphate Market
5.1.1 Brazil Cobalt Sulphate Market by Application
5.2 Argentina Cobalt Sulphate Market
5.2.1 Argentina Cobalt Sulphate Market by Application
5.3 UAE Cobalt Sulphate Market
5.3.1 UAE Cobalt Sulphate Market by Application
5.4 Saudi Arabia Cobalt Sulphate Market
5.4.1 Saudi Arabia Cobalt Sulphate Market by Application
5.5 South Africa Cobalt Sulphate Market
5.5.1 South Africa Cobalt Sulphate Market by Application
5.6 Nigeria Cobalt Sulphate Market
5.6.1 Nigeria Cobalt Sulphate Market by Application
5.7 Rest of LAMEA Cobalt Sulphate Market
5.7.1 Rest of LAMEA Cobalt Sulphate Market by Application

Chapter 6. Company Profiles
6.1 JERVOIS GLOBAL LIMITED
6.1.1 Company Overview
6.1.2 Financial Analysis
6.2 Shepherd Chemical Company
6.2.1 Company Overview
6.3 Nantong Xinwei Nickel & Cobalt Hightech Development Co.,Ltd.
6.3.1 Company Overview
6.4 Umicore NV-SA
6.4.1 Company Overview
6.4.2 Financial Analysis
6.5 Hunter Chemical, LLC
6.5.1 Company Overview
6.6 Incasa S.A
6.6.1 Company Overview
6.7 Freeport-McMoRan Inc.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.8 Merck KGaA
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.8.5 SWOT Analysis

TABLE 1 LAMEA Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 4 LAMEA Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 5 LAMEA Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 6 LAMEA Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 7 LAMEA Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 8 LAMEA Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 9 LAMEA Batteries Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Batteries Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Batteries Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 12 LAMEA Batteries Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 13 LAMEA Alloys Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Alloys Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Alloys Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 16 LAMEA Alloys Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 17 LAMEA Magnets Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Magnets Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Magnets Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 20 LAMEA Magnets Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 21 LAMEA Hard Materials Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Hard Materials Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Hard Materials Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 24 LAMEA Hard Materials Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 25 LAMEA Catalyst Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Catalyst Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Catalyst Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 28 LAMEA Catalyst Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 29 LAMEA Inks & Dyes Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Inks & Dyes Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Inks & Dyes Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 32 LAMEA Inks & Dyes Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 33 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA Others Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 36 LAMEA Others Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 37 LAMEA Cobalt Sulphate Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Cobalt Sulphate Market by Country, 2023 - 2030, USD Million
TABLE 39 LAMEA Cobalt Sulphate Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 40 LAMEA Cobalt Sulphate Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 41 Brazil Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 42 Brazil Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 43 Brazil Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 44 Brazil Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 45 Brazil Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 46 Brazil Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 47 Brazil Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 48 Brazil Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 49 Argentina Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 50 Argentina Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 51 Argentina Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 52 Argentina Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 53 Argentina Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 54 Argentina Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 55 Argentina Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 56 Argentina Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 57 UAE Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 58 UAE Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 59 UAE Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 60 UAE Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 61 UAE Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 62 UAE Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 63 UAE Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 64 UAE Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 65 Saudi Arabia Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 67 Saudi Arabia Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 68 Saudi Arabia Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 69 Saudi Arabia Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 70 Saudi Arabia Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 71 Saudi Arabia Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 72 Saudi Arabia Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 73 South Africa Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 74 South Africa Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 75 South Africa Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 76 South Africa Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 77 South Africa Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 78 South Africa Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 79 South Africa Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 80 South Africa Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 81 Nigeria Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 82 Nigeria Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 83 Nigeria Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 84 Nigeria Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 85 Nigeria Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 86 Nigeria Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 87 Nigeria Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 88 Nigeria Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 89 Rest of LAMEA Cobalt Sulphate Market, 2019 - 2022, USD Million
TABLE 90 Rest of LAMEA Cobalt Sulphate Market, 2023 - 2030, USD Million
TABLE 91 Rest of LAMEA Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
TABLE 92 Rest of LAMEA Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
TABLE 93 Rest of LAMEA Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
TABLE 94 Rest of LAMEA Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
TABLE 95 Rest of LAMEA Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 96 Rest of LAMEA 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 LAMEA 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 LAMEA Cobalt Sulphate Market share by Application, 2022
FIG 6 LAMEA Cobalt Sulphate Market share by Application, 2030
FIG 7 LAMEA Cobalt Sulphate Market by Application, 2019 - 2030, USD Million
FIG 8 LAMEA Cobalt Sulphate Market share by Country, 2022
FIG 9 LAMEA Cobalt Sulphate Market share by Country, 2030
FIG 10 LAMEA Cobalt Sulphate Market by Country, 2019 - 2030, USD Million
FIG 11 Swot Analysis: Merck KGaA