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Global Cobalt Market Expected To Grow At CAGR Of 9.19% Between Years 2015-2019

Press Release   •   May 27, 2016 05:11 EDT has recently announced the addition of a market study “ Global Cobalt Market 2015-2019 ”, is acomparative analysis of the global market.

About cobalt

Cobalt is a chemical element obtained in combination with other elements in minerals such as skutterudite (a cobalt-nickel arsenide), carrollite (a copper-cobalt-(nickel) sulfide), and asbolane (a nickel-cobalt-manganese oxide). Cobalt is obtained from three main ore deposits: sediment-hosted stratiform copper deposits, magmatic nickel sulfide deposits, and nickel laterite deposits. It is generally processed as a byproduct of processed nickel and copper ores. Cobalt and its alloys find application in numerous industries such as battery chemicals, superalloys, defense, and catalysts.

Technavio's analysts forecast the global cobalt market to grow at a CAGR of 9.19% over the period 2014-2019.

Covered in this report

The global cobalt market can be segmented into six based on application: battery chemicals, superalloys, hard metals, catalysts, ceramics/pigments, and others.

Technavio's report, Global Cobalt Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, North America, and ROW; it also covers the global cobalt market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key regions



North America


Key vendors

Freeport-McMoran Copper and Gold

Glencore Xstrate

Huayou Cobalt

Nippon Steel and Sumitomo Metal

Sherritt International


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Other prominent vendors


BHP Billiton

Chambishi Metals


Formation Metals



Jiangsu Cobalt Nickel Metal

Katanga Mining


Mopani Copper






Votorantim Metais

Zhejiang Huayou Cobalt

Market driver

Use of reusable energy storage systems

For a full, detailed list, view our report

Market challenge

Supply demand gap

For a full, detailed list, view our report

Market trend

Rise in capacity expansions and mining projects

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2019 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?