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1569856

2030 年硫酸鈷市場預測：按品位、應用、最終用戶和地區分類的全球分析

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個工作天內

價格

根據Stratistics MRC預測，2024年全球硫酸鈷市場規模將達13億美元，預計2030年將達22億美元，預測期內複合年成長率為8.4%。

硫酸鈷是一種無機化合物，化學式為 CoSO4，通常為紅色或粉紅色結晶質固體。硫酸鈷通常用作生產鈷基材料的前體，特別是用於電動車和電子設備的鋰離子電池。硫酸鈷也用於電鍍、顏料以及作為動物食品中的膳食補充劑。

根據鈷研究所預測，到2030年，鈷的需求預計將加倍，年增率為10%。

能源儲存需求不斷成長

對能源儲存解決方案的需求不斷成長是硫酸鈷市場的主要促進因素。隨著太陽能和風能等可再生能源變得越來越流行，對高效能能源儲存系統的需求也隨之增加。硫酸鈷是鋰離子電池的關鍵組成部分，廣泛應用於電網規模能源儲存和電動車領域。全球對清潔能源和交通電氣化的推動正在刺激對這些電池的需求，從而推動硫酸鈷市場的成長。

鈷價波動

鈷價格波動取決於多種因素，包括地緣政治緊張局勢、供應鏈中斷以及關鍵產業的需求變化。這種波動為製造商和最終用戶帶來了不確定性，使其難以規劃長期投資並保持穩定的利潤率。此外，由於製造商尋求替代品，價格上漲可能導致需求下降，減緩市場成長。

從電池中回收鈷

隨著廢棄鋰離子電池數量的增加，高效率的回收流程可以回收有價值的鈷並減少對初級採礦的依賴。這不僅解決了供應問題，也滿足了永續性目標。回收有助於穩定鈷價格、創造循環經濟並減少與採礦相關的環境影響。投資回收技術的公司可以在市場上獲得競爭優勢。

嚴格的環境法規

嚴格的環境法規對硫酸鈷市場構成威脅。隨著世界各國政府對採礦和加工活動推出更嚴格的法規，企業面臨更高的合規成本和營運挑戰。這些法規旨在減少環境影響並確保負責任的採購，特別是在鈷礦開採與人權議題相關的地區。合規性可能需要在清潔技術和供應鏈透明度方面進行大量投資，這可能會影響該行業某些參與者的利潤率和市場競爭。

COVID-19 的影響：

由於供應鏈中斷和製造活動減少，COVID-19 大流行最初擾亂了硫酸鈷市場。然而，危機也加速了向電氣化和可再生能源的轉變，提振了對硫酸鈷的長期需求。此次疫情凸顯了安全供應鏈的重要性，並可能導致人們加強實現鈷來源多元化和開發回收技術。

電池級細分市場預計將在預測期內成為最大的細分市場

預計電池級細分市場將在預測期內佔據市場佔有率。這項優勢背後的主要因素是電動車（EV）產業的快速成長以及可再生能源儲存系統的日益普及。電池級硫酸鈷是鋰離子電池生產的重要成分，而鋰離子電池對於電動車和電網規模的能源儲存至關重要。全球對電氣化和清潔能源解決方案的推動預計將維持對電池級硫酸鈷的高需求，並確保其在市場上的主導地位。

電鍍領域預計在預測期內複合年成長率最高

預計電鍍產業在預測期內將以最高複合年成長率成長。這種快速成長是由汽車、電子和航太等各種行業對高品質表面光潔度不斷成長的需求所推動的。硫酸鈷用於電鍍工藝，為金屬表面提供耐腐蝕、耐磨性和美觀性。新興國家的製造業擴張和電子產品小型化趨勢正在推動對先進電鍍解決方案的需求，從而推動硫酸鈷市場這一細分市場的成長。

最大佔有率面積：

預計亞太地區將在預測期內佔據硫酸鈷市場的最大市場佔有率。這項優勢得益於強大的電動車產業，尤其是在中國、日本和韓國等國家。主要電池製造商的存在、促進清潔能源的政府支持政策以及對可再生能源計劃投資的增加有助於該地區的市場領導地位。

複合年成長率最高的地區：

預計亞太地區在預測期內硫酸鈷市場將實現最高的複合年成長率。這種快速成長是由加速向電動車轉型、不斷成長的可再生能源產業以及對能源儲存解決方案的日益關注所推動的。中國、印度和東南亞國家等國家正大力投資電池製造設施和電動車生產。此外，電池產業對品管和安全標準的日益重視，加上該地區技術的快速進步，也促進了該地區的高成長率。

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目錄

第1章執行摘要

第2章 前言

  • 概述
  • 相關利益者
  • 調查範圍
  • 調查方法
    • 資料探勘
    • 資料分析
    • 資料檢驗
    • 研究途徑
  • 研究資訊來源
    • 主要研究資訊來源
    • 二次研究資訊來源
    • 先決條件

第3章市場趨勢分析

  • 促進因素
  • 抑制因素
  • 機會
  • 威脅
  • 應用分析
  • 最終用戶分析
  • 新興市場
  • COVID-19 的影響

第4章波特五力分析

  • 供應商的議價能力
  • 買方議價能力
  • 替代品的威脅
  • 新進入者的威脅
  • 競爭公司之間的敵對關係

第5章全球硫酸鈷市場：依等級

  • 電池等級
  • 工業級
  • 飼料級

第6章全球硫酸鈷市場：依應用分類

  • 電池/能源儲存
  • 金屬飾面
  • 電鍍
  • 動物飼料和土壤添加劑
  • 墨水和顏料
  • 特種化學品應用
  • 玻璃製造
  • 催化劑
  • 其他用途

第7章全球硫酸鈷市場：依最終用戶分類

  • 汽車/交通
  • 家電
  • 能源和電力
  • 航太
  • 工業製造
  • 農業
  • 其他最終用戶

第8章全球硫酸鈷市場：按地區

  • 北美洲
    • 美國
    • 加拿大
    • 墨西哥
  • 歐洲
    • 德國
    • 英國
    • 義大利
    • 法國
    • 西班牙
    • 其他歐洲國家
  • 亞太地區
    • 日本
    • 中國
    • 印度
    • 澳洲
    • 紐西蘭
    • 韓國
    • 其他亞太地區
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地區
  • 中東/非洲
    • 沙烏地阿拉伯
    • 阿拉伯聯合大公國
    • 卡達
    • 南非
    • 其他中東和非洲

第9章 主要進展

  • 合約、夥伴關係、協作和合資企業
  • 收購和合併
  • 新產品發布
  • 業務拓展
  • 其他關鍵策略

第 10 章 公司概況

  • 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.