Global Cobalt-60 Market Growth 2025-2031

Global Cobalt-60 Market Growth 2025-2031

The global Cobalt-60 market size is predicted to grow from US$ 316 million in 2025 to US$ 441 million in 2031; it is expected to grow at a CAGR of 5.7% from 2025 to 2031.

Cobalt-60 is a radioactive isotope of cobalt, with a half-life of about 5.27 years. It's produced artificially by bombarding natural cobalt-59 with neutrons in a nuclear reactor. Cobalt-60 is widely used in various applications, including medical, industrial, and scientific fields. In medicine, it's utilized in radiotherapy to treat cancer, as it emits high-energy gamma rays that can destroy cancer cells. In industry, it's employed for sterilization of medical equipment and food irradiation to extend shelf life and kill bacteria. However, its radioactive nature requires careful handling and disposal to prevent harm to human health and the environment.

Global key players of Cobalt-60 include Nordion, China National Nuclear Corporation, Rosatom, Eckert & Ziegler Strahlen, Polatom, etc. The top five players hold a share about 85%. North America is the world's largest market for Cobalt-60 and holds a share about 45%, followed by Europe and China, with share about 26% and 16%, separately. In terms of product type, Low Specific Activity is the largest segment, accounting for a share about 69%. In terms of application, Industrial is the largest field with a share about 65 percent.

LP Information, Inc. (LPI) ' newest research report, the “Cobalt-60 Industry Forecast” looks at past sales and reviews total world Cobalt-60 sales in 2024, providing a comprehensive analysis by region and market sector of projected Cobalt-60 sales for 2025 through 2031. With Cobalt-60 sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cobalt-60 industry.

This Insight Report provides a comprehensive analysis of the global Cobalt-60 landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cobalt-60 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cobalt-60 market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cobalt-60 and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cobalt-60.

This report presents a comprehensive overview, market shares, and growth opportunities of Cobalt-60 market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Low Specific Activity
High Specific Activity

Segmentation by Application:
Medical Application
Industrial Application
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Nordion
China National Nuclear Corporation
Rosatom
Eckert & Ziegler Strahlen
Polatom
NTP
DIOXITEK

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cobalt-60 market?

What factors are driving Cobalt-60 market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cobalt-60 market opportunities vary by end market size?

How does Cobalt-60 break out by Type, by Application?