World’s Top 30 Companies in Battery Grade Cobalt Hydroxide 2025 Watchlist: Statistical Report (2024–2035)

Description

According to a research report published by Spherical Insights & Consulting, The Global Battery Grade Cobalt Hydroxide Market Size is projected to Grow from USD 1.2 Billion in 2024 to USD 3.4 Billion by 2035, at a CAGR of 9.93% during the forecast period 2025–2035. The increasing demand for energy storage devices and electric vehicles (EVs) is directly driving the need for high-quality battery materials, which is why this market is expanding so quickly.

 

 

Introduction

The Global Battery Grade Cobalt Hydroxide Market encompasses the production and distribution of high-purity cobalt hydroxide, which is used chiefly in lithium-ion battery cathodes, providing value in terms of increased energy density, thermal stability, and overall battery performance. Additionally, the development of infrastructure for renewable energy is a promising opportunity. Effective energy storage solutions are necessary to handle the intermittent nature of renewable energy sources like solar and wind power as the world moves toward more sustainable energy sources. Cobalt hydroxide-based battery storage systems are crucial for maintaining supply and demand equilibrium in renewable energy grids. The demand for energy storage solutions is being driven by government and private sector investments in renewable energy projects, which is opening up a sizable market for battery grade cobalt hydroxide. By creating high-performance materials to satisfy the changing demands of the renewable energy industry, market participants can take advantage of this trend.

 

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Battery Grade Cobalt Hydroxide Market Size & Statistics

• The Market Size for Battery Grade Cobalt Hydroxide Was Estimated to be Worth USD 1.2 Billion in 2024.
• The Market Size is Going to Expand at a CAGR of 9.93% Between 2025 and 2035.
• The Global Battery Grade Cobalt Hydroxide Market Size is Anticipated to Reach USD 3.4 Billion by 2035.
• Asia Pacific is expected to generate the highest demand during the forecast period in the Battery Grade Cobalt Hydroxide Market.
• North America is expected to grow the fastest during the forecast period in the Battery Grade Cobalt Hydroxide Market.

 

 

Regional growth and demand

North America is expected to grow the fastest during the forecast period in the battery grade cobalt hydroxide market. This is driven by developments in battery technology and the growing popularity of electric vehicles. With large expenditures in renewable energy and EV infrastructure, the US is a significant market. High-performance battery demand is being fueled by government initiatives to promote green technologies and reduce carbon emissions.

 

Asia Pacific is expected to generate the highest demand during the forecast period in the battery grade cobalt hydroxide market. This is driven by significant investments in renewable energy projects and the thriving automotive industry. Major producers of batteries for consumer electronics and electric cars include China, Japan, and South Korea. With the help of generous government regulations and significant subsidies, China is the largest market for electric vehicles.

 

Top 10 Battery Grade Cobalt Hydroxide Trends

1.Demand Surge Driven by EVs

2.The Development of Energy Storage Devices

3.Encourage the Use of Higher Purity Grades

4.Honest and Open Sourcing

5.Processing Technological Advancements

6.Key Players' Strategic Investments

7.The Manufacturing Boom in Asia-Pacific

8.Market Risk Management and Price Volatility

9.Examining Different Chemistry

10.Integration of Recycling and the Circular Economy

 

1.Demand Surge Driven by EVs

The consumption of battery-grade cobalt hydroxide is primarily driven by the electric vehicle (EV) industry's explosive growth. Cobalt hydroxide continues to be an essential cathode material for increasing energy density and thermal stability as automakers increase production of lithium-ion batteries, particularly in high-performance EV models.

 

2.The Development of Energy Storage Devices

Cobalt hydroxide is becoming more popular in stationary energy storage systems for grid balancing and renewable integration, in addition to transportation. It is essential for large-scale storage solutions that support solar and wind energy because of its role in enhancing battery longevity and charge retention.

 

3.Encourage the Use of Higher Purity Grades

Cobalt hydroxide of ultra-high purity is becoming more and more in demand from manufacturers in order to satisfy strict battery performance requirements. Investment in sophisticated refining technologies, which increase consistency and lower impurities that might jeopardize battery efficiency and safety, is being driven by this trend.

 

4.Honest and Open Sourcing

Companies are implementing traceable and ethically sourced supply chains in response to concerns about cobalt mining practices, particularly in areas like the Democratic Republic of the Congo. Third-party audits and transparency programs are becoming commonplace in order to satisfy regulatory and ESG requirements.

 

5.Processing Technological Advancements

New techniques for extraction and purification are increasing yield while lessening their negative effects on the environment. Methods like solvent extraction and hydrometallurgical processing are being improved to more sustainably and efficiently produce battery-grade cobalt hydroxide.

 

Empower your strategic planning:

Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the battery grade cobalt hydroxide market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.

 

Top 16 Companies Leading the Battery Grade Cobalt Hydroxide Market

1.Glencore

2.China Molybdenum Co., Ltd.

3.Umicore

4.Freeport-McMoRan Inc.

5.Vale S.A.

6.Sherritt International Corporation

7.Eurasian Resources Group (ERG)

8.Jinchuan Group International Resources Co. Ltd.

9.Sumitomo Metal Mining Co., Ltd.

10.Norilsk Nickel

11.Huayou Cobalt Co., Ltd.

12.GEM Co., Ltd.

13.Zhejiang Huayou Cobalt Co., Ltd.

14.Chemaf S.A.R.L.

15.Katanga Mining Limited

16.Cobalt Blue Holdings Limited

 

1.Glencore

Headquarters - Baar, Zug, Switzerland.

A diverse natural resources company is Glencore Plc (Glencore). It produces and markets a range of mineral products. The business manufactures and exchanges ferroalloys, zinc, lead, thermal coal, and crude oil for copper, cobalt, and nickel. The company's activities include energy, agricultural products, metal and mineral processing, storage, and transportation. The business also runs gas and oil production facilities in Equatorial Guinea and Cameroon. Industrial users in a number of industries, including steel, oil, automotive, power generation, and battery manufacturing, use Glencore's products.

 

2.China Molybdenum Co., Ltd.

Headquarters - Luoyang, Henan, China

A multifaceted mining and industrial business, China Molybdenum Co., Ltd. is involved in the extraction, processing, and trading of base and rare metals, such as tungsten, copper, cobalt, niobium, and molybdenum. Through its activities in the production of cobalt hydroxide for lithium-ion batteries, the company plays a major role in the global supply chain for battery materials. Having a significant presence on several continents, it prioritizes operational effectiveness, strategic acquisitions, and sustainable resource development to meet the rising demand for energy transition minerals.

 

3.Umicore

Headquarters - Brussels, Belgium.

A company that specializes in circular materials technology is Umicore NV/SA (Umicore). It emphasizes metallurgy, chemistry, and material science. Proton exchange membrane fuel cell catalysts, cathode active materials for lithium-ion batteries, and emission control catalysts are among the company's main offerings. The mobility sector, which includes heavy-duty transportation and electric vehicles, is one of the industries where Umicore's products are used. Its products are also utilized in the recycling and chemical industries.

 

4.Freeport-McMoRan Inc.

Headquarters - Phoenix, Arizona, the US

The metals company Freeport-McMoRan Inc. (FCX) is primarily involved in the production of copper. It has substantial mineral reserves of copper, gold, and molybdenum and manages a variety of assets. Gold, silver, molybdenum concentrate, copper cathode, and copper concentrate are among the company's main products. North America copper mines, South America operations, Indonesia operations, and molybdenum mines are the four main divisions into which FCX's operations are divided. Construction, electronics, and transportation are just a few of the industries that use the company's products. Grasberg, Henderson, Morenci, Bagdad, Tyrone, Safford, Sierrita, Chino, El Abra, and Cerro Verde are among its mining assets.

 

5.Vale S.A.

Headquarters - Rio de Janeiro, Brazil.

Vale SA (Vale) is a mining and metals company. It manufactures and exports ferroalloys, nickel, manganese ore, copper, metallurgical and thermal coal, iron ore and pellets, and cobalt. Platinum-group metals (PGMs) and other precious metals like gold, silver, and cobalt are also extracted by the company. It runs ports, railroads, and marine terminals as well as other logistics systems in Brazil and other parts of the world. To facilitate the delivery of iron ore around the world, the company owns and runs distribution centers.

 

Are you ready to discover more about the battery grade cobalt hydroxide market?

The report provides an in-depth analysis of the leading companies operating in the global battery grade cobalt hydroxide market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:

 

Company Profiles

1.Glencore

• Business Overview
• Company Snapshot
• Products Overview
• Company Market Share Analysis
• Company Coverage Portfolio
• Financial Analysis
• Recent Developments
• Merger and Acquisitions
• SWOT Analysis

2.China Molybdenum Co., Ltd.
3.Umicore

4.Freeport-McMoRan Inc.

5.Vale S.A.

6.Sherritt International Corporation

7.Eurasian Resources Group (ERG)

8.Jinchuan Group International Resources Co. Ltd.

9.Sumitomo Metal Mining Co., Ltd.

10.Norilsk Nickel

11.Huayou Cobalt Co., Ltd.

12.GEM Co., Ltd.

13.Zhejiang Huayou Cobalt Co., Ltd.

14.Chemaf S.A.R.L.

15.Katanga Mining Limited

16.Cobalt Blue Holdings Limited

17.Others

 

Conclusion

The market for battery-grade cobalt hydroxide is expanding rapidly worldwide due to the growing demand for renewable energy storage and electric vehicles. Production and supply dynamics are changing as a result of strategic investments, ethical sourcing methods, and technological advancements. While North America has significant growth potential due to innovation and infrastructure development, Asia Pacific leads in consumption. To satisfy changing purity standards, major players are increasing capacity and improving procedures. Cobalt hydroxide continues to be a vital component of next-generation battery technologies as sustainability and the energy transition pick up speed.

 

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