Global Cobalt Hydroxide Market Growth 2025-2031

Global Cobalt Hydroxide Market Growth 2025-2031

The global Cobalt Hydroxide market size is predicted to grow from US$ 174 million in 2025 to US$ 299 million in 2031; it is expected to grow at a CAGR of 9.4% from 2025 to 2031.

Cobalt Hydroxide is a highly water insoluble crystalline Cobalt source for uses compatible with higher (basic) pH environments. Cobalt(II) hydroxide is most used as a drying agent for paints, varnishes, and inks, in the preparation of other cobalt compounds, as a catalyst and in the manufacture of battery electrodes. The report covers refined cobalt hydroxide with a refined cobalt content of over 61%.

Global key players of Cobalt Hydroxide include Umicore, Huayou Cobalt, Freeport Cobalt, Great Power and ICoNiChem, etc. Top two players occupy for a share about 58%. Asia Pacific is the largest market, with a share about 68%, followed by North America and Europe. In terms of product, Industrial Grade is the largest segment, with a share over 83%. In terms of application, Cobalt Compound Preparation is the largest market, with a share over 66%.

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

This Insight Report provides a comprehensive analysis of the global Cobalt Hydroxide 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 Hydroxide portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cobalt Hydroxide market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cobalt Hydroxide 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 Hydroxide.

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

Segmentation by Type:
Industrial Grade
Battery Grade

Segmentation by Application:
Cobalt Compound Preparation
Drying Agent In Paints/Inks
Battery Electrode Manufacturing
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.
Freeport Cobalt
The Shepherd Chemical Company
Umicore
Huayou Cobalt
Great Power
Hanrui Cobalt
Xinwei Nickel & Cobalt
ALT Cobalt & Nickel Products
ICoNiChem

Key Questions Addressed in this Report

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

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

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

How do Cobalt Hydroxide market opportunities vary by end market size?

How does Cobalt Hydroxide break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.