Market Overview:
The global cobalt(II) sulfate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cobalt(II) sulfate in battery applications and water treatment applications. In terms of type, the battery grade segment is expected to lead the global cobalt(II) sulfate market during the forecast period. This can be attributed to the increasing demand for electric vehicles and batteries across the globe. In terms of application,the battery segment is expected to leadthe global cobalt(II) sulfate market duringthe forecast period owingto its growing demand from various end-use industries such as automotive, aerospace & defense, and energy storage systems (ESS).
 Sulfate Industry Outlook.svg)
Product Definition:
Cobalt(II) sulfate, also known as cobaltous sulfate, is a chemical compound with the formula CoSO4. It is a white solid that is soluble in water. It occurs as the mineral cobaltite. Cobalt(II) sulfate can be prepared by reacting cobalt chloride and sulfuric acid.
Battery Grade:
Battery grade is the most widely used form of cobalt (II) sulfate. It has a wide range of applications in various sectors such as automotive, consumer electronics, power generation and others. The demand for battery grade is expected to witness significant growth over the forecast period owing to its increasing usage in rechargeable batteries which are used in numerous devices including smartphones and tablets.
Pigment:
Pigment is a color additive used in the production of paints, coatings, and printing inks. It helps the color to appear brighter and more saturated. The global demand for pigment has witnessed significant growth over the past few years owing to its increasing use as a coloring agent in various industries such as cosmetics, plastics & rubber, textiles and paper coating among others.
Application Insights:
The battery application segment accounted for a volume share of over 80% in 2017. The growing demand for lithium-ion batteries from various end-use industries, including electric vehicles and portable electronics is expected to have a positive impact on the cobalt market. In addition, increasing investments by companies such as Samsung SDI Co., Ltd., Panasonic Corporation and others in research & development activities pertaining to advanced lithium-ion batteries is likely to propel industry growth over the coming years.
Cobalt has emerged as an important element for water treatment due to its ability to remove hydrogen sulfide (H2S) gas from water with minimal effort and without producing any residuals. H2SO4 removal offers cost savings since it requires less energy than that required by other methods of water purification such as distillation or filtration through activated carbon filters.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key battery manufacturers such as Panasonic, Sony Corporation, Samsung SDI Co., Ltd., and LG Chem Inc. has resulted in high product demand from China. Increasing automobile production worldwide coupled with growing consumer disposable income is also likely to drive regional growth over the coming years.
North America emerged as a major consumer of cobalt(II) sulfate owing to rising demand for electric vehicles along with increasing investments by various private companies towards R&D activities pertaining to batteries used in EVs.
Growth Factors:
- Increasing demand from the battery industry for cobalt sulfate as a precursor to lithium-ion batteries.
- Rising demand for cobalt sulfate in agriculture and horticulture due to its ability to improve plant growth and health.
- Growing use of cobalt sulfate in water treatment applications as a corrosion inhibitor and scale remover.
- Increasing popularity of cobalt sulfate as a nutritional supplement for humans and animals alike owing to its high bioavailability and antioxidant properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cobalt(II) Sulfate Market Research Report
By Type
Battery Grade, Pigment
By Application
Battery, Water Treatment, Chemical, Other
By Companies
Lasa Laboratory, Ganzhou Tengyuan Cobalt Industrial, Nantong Xinwei Nickel & Cobalt Hightech Development, Nicomet, Nornickel, Dalian Ruiyuan, Shanghai Qingong Inorganic Salt, Jinchuan Group, Umicore, Freeport Cobalt Oy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Cobalt(II) Sulfate Market Report Segments:
The global Cobalt(II) Sulfate market is segmented on the basis of:
Types
Battery Grade, Pigment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Battery, Water Treatment, Chemical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lasa Laboratory
- Ganzhou Tengyuan Cobalt Industrial
- Nantong Xinwei Nickel & Cobalt Hightech Development
- Nicomet
- Nornickel
- Dalian Ruiyuan
- Shanghai Qingong Inorganic Salt
- Jinchuan Group
- Umicore
- Freeport Cobalt Oy
 Sulfate Market Overview.svg)
Highlights of The Cobalt(II) Sulfate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Battery Grade
- Pigment
- By Application:
- Battery
- Water Treatment
- Chemical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cobalt(II) Sulfate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Sulfate Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cobalt(II) sulfate is a chemical compound with the formula CoS2. It is a blue solid that is used in industrial and medical applications. Cobalt(II) sulfate can be found as an ingredient in many cosmetics and skin care products.
Some of the major players in the cobalt(ii) sulfate market are Lasa Laboratory, Ganzhou Tengyuan Cobalt Industrial, Nantong Xinwei Nickel & Cobalt Hightech Development, Nicomet, Nornickel, Dalian Ruiyuan, Shanghai Qingong Inorganic Salt, Jinchuan Group, Umicore, Freeport Cobalt Oy.
The cobalt(ii) sulfate market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cobalt(II) Sulfate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cobalt(II) Sulfate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cobalt(II) Sulfate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cobalt(II) Sulfate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cobalt(II) Sulfate Market Size & Forecast, 2018-2028
4.5.1 Cobalt(II) Sulfate Market Size and Y-o-Y Growth
4.5.2 Cobalt(II) Sulfate Market Absolute $ Opportunity
Chapter 5 Global Cobalt(II) Sulfate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cobalt(II) Sulfate Market Size Forecast by Type
5.2.1 Battery Grade
5.2.2 Pigment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cobalt(II) Sulfate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cobalt(II) Sulfate Market Size Forecast by Applications
6.2.1 Battery
6.2.2 Water Treatment
6.2.3 Chemical
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cobalt(II) Sulfate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cobalt(II) Sulfate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cobalt(II) Sulfate Analysis and Forecast
9.1 Introduction
9.2 North America Cobalt(II) Sulfate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cobalt(II) Sulfate Market Size Forecast by Type
9.6.1 Battery Grade
9.6.2 Pigment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cobalt(II) Sulfate Market Size Forecast by Applications
9.10.1 Battery
9.10.2 Water Treatment
9.10.3 Chemical
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cobalt(II) Sulfate Analysis and Forecast
10.1 Introduction
10.2 Europe Cobalt(II) Sulfate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cobalt(II) Sulfate Market Size Forecast by Type
10.6.1 Battery Grade
10.6.2 Pigment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cobalt(II) Sulfate Market Size Forecast by Applications
10.10.1 Battery
10.10.2 Water Treatment
10.10.3 Chemical
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cobalt(II) Sulfate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cobalt(II) Sulfate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cobalt(II) Sulfate Market Size Forecast by Type
11.6.1 Battery Grade
11.6.2 Pigment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cobalt(II) Sulfate Market Size Forecast by Applications
11.10.1 Battery
11.10.2 Water Treatment
11.10.3 Chemical
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cobalt(II) Sulfate Analysis and Forecast
12.1 Introduction
12.2 Latin America Cobalt(II) Sulfate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cobalt(II) Sulfate Market Size Forecast by Type
12.6.1 Battery Grade
12.6.2 Pigment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cobalt(II) Sulfate Market Size Forecast by Applications
12.10.1 Battery
12.10.2 Water Treatment
12.10.3 Chemical
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cobalt(II) Sulfate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cobalt(II) Sulfate Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cobalt(II) Sulfate Market Size Forecast by Type
13.6.1 Battery Grade
13.6.2 Pigment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cobalt(II) Sulfate Market Size Forecast by Applications
13.10.1 Battery
13.10.2 Water Treatment
13.10.3 Chemical
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cobalt(II) Sulfate Market: Competitive Dashboard
14.2 Global Cobalt(II) Sulfate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lasa Laboratory
14.3.2 Ganzhou Tengyuan Cobalt Industrial
14.3.3 Nantong Xinwei Nickel & Cobalt Hightech Development
14.3.4 Nicomet
14.3.5 Nornickel
14.3.6 Dalian Ruiyuan
14.3.7 Shanghai Qingong Inorganic Salt
14.3.8 Jinchuan Group
14.3.9 Umicore
14.3.10 Freeport Cobalt Oy
