Global Cobalt-60 Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Cobalt-60 Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Cobalt 60 is an isotope of cobalt. The radioactive source of cobalt 60 is widely used in agriculture, industry, medicine and other fields. It can be used for radiation breeding, stimulation of yield increase, radiation control of insect pests, food irradiation preservation and preservation, non-destructive inspection, radiation disinfection, Radiation processing, radiation treatment waste, thickness, density measurement and online automatic control, and radiotherapy for cancer and tumor. At present, only a few countries in the world, such as Canada, China, and Russia, have cobalt 60 production capacity, and the international market has a bright future. In the mid-1950s the increasing demand for sterile single-use medical devices led to a rapid expansion in the use of gamma irradiation to sterilize products as the technology provided a very effective means of ensuring sterility. Since then the range of applications that benefit from Cobalt-60 irradiation has grown enormously. A diverse array of products are now routinely processed to improve their characteristics and to meet market requirements. Irradiation using Cobalt-60 is an international industry that positively impacts daily on the health and wellbeing of a large proportion of the world’s population.

According to our (Global Info Research) latest study, the global Cobalt-60 market size was valued at US$ 293 million in 2023 and is forecast to a readjusted size of USD 415 million by 2030 with a CAGR of 5.2% during review period.

Global Cobalt-60 key players include Bruce Power, Rosatom, China National Nuclear Corporation, etc. Global top three manufacturers hold a share about 96%. North America is the largest market, with a share about 40%, followed by Asia Pacific and Europe, both have a share over 52 percent. In terms of product, General Cobalt-60 is the largest segment, with a share over 95%. And in terms of application, the largest application is Medical Devices, followed by Industrial, etc.

This report is a detailed and comprehensive analysis for global Cobalt-60 market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Cobalt-60 market size and forecasts, in consumption value ($ Million), sales quantity (M Curie), and average selling prices (US$/Curie), 2019-2030

Global Cobalt-60 market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Curie), and average selling prices (US$/Curie), 2019-2030

Global Cobalt-60 market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Curie), and average selling prices (US$/Curie), 2019-2030

Global Cobalt-60 market shares of main players, shipments in revenue ($ Million), sales quantity (M Curie), and ASP (US$/Curie), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Cobalt-60

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Cobalt-60 market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Bruce Power, Rosatom, China National Nuclear Corporation, Eckert & Ziegler, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Cobalt-60 market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
High Specific Activity Cobalt-60
General Cobalt-60

Market segment by Application
Medical Devices
Medical Radiotherapy
Industrial
Other

Major players covered
Bruce Power
Rosatom
China National Nuclear Corporation
Eckert & Ziegler

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Cobalt-60 product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Cobalt-60, with price, sales quantity, revenue, and global market share of Cobalt-60 from 2019 to 2024.

Chapter 3, the Cobalt-60 competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Cobalt-60 breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Cobalt-60 market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Cobalt-60.

Chapter 14 and 15, to describe Cobalt-60 sales channel, distributors, customers, research findings and conclusion.