France Cobalt Market Size, Share, and COVID-19 Impact Analysis, By Product (Cobalt Sulfate, Cobalt Oxide, and Cobalt Metal), By End-use (EV, Industrial Metals, and Superalloys), and France Cobalt Market Insights, Industry Trend, Forecasts to 2035

France Cobalt Market Insights Forecasts to 2035 

• The France Cobalt Market Size was estimated at USD 148.6 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 6.18% from 2025 to 2035
• The France Cobalt Market Size is Expected to Reach USD 287.3 Million by 2035

According to a research report published by Spherical Insights & Consulting, the France Cobalt Market is anticipated to reach USD 287.3 million by 2035, growing at a CAGR of 6.18% from 2025 to 2035. The France cobalt market is driven by the cobalt consumption is anticipated to rise due to the growing production of electric vehicles (EVs). 

Market Overview 

The France cobalt market is a description of the demand and supply for cobalt, a hard, lustrous, silver-white metal used for various purposes, but mainly for producing rechargeable batteries for electric vehicles and other electronic devices. The cobalt market includes trade and price of cobalt, where cobalt is used, the use of cobalt in high-temperature alloys and catalysts, and what impacts the supply and demand of cobalt. The growing production of electric vehicles (EVs) is purported to increase the consumption of cobalt over the forecast period. Lithium-nickel-manganese-cobalt-oxide (NMC) batteries are the most prevalent battery chemistry used in EVs at this time and contain a cathode that consists of 10–20% cobalt. Cobalt makes up such a percentage of Li-ion batteries because it increases the range and life of the EVs. These batteries are also used in power tools and e-bikes.

Report Coverage

This research report categorizes the market for the France cobalt market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France cobalt market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France cobalt market. 

Driving Factors

The France cobalt market is driven by the country's new emphasis on strengthening the EV supply chain. For example, the implementation of the Inflation Reduction Act (IRA) is expected to have a positive effect on industry growth. One of the major drivers of growth in the cobalt market is the growing demand for cobalt for metallurgical purposes in several industries, especially for high-temperature alloys. We also see electric vehicles rapidly gaining popularity due to their recyclability, which helps push the demand for cobalt-based lithium-ion batteries. The value of cobalt batteries is further pushed by increased use of cobalt-based batteries in laptops, smartphones, and other devices.

Restraining Factors

The French cobalt market is restrained by some of the major obstacles, which include high cost and the absence of high-tech infrastructure. Notably, manufacturing cobalt is costly and requires high-tech infrastructure for continuous supply chains. It is conceivable that these impediments could affect market advancement during the timeline of projected growth.

Market Segmentation

The France cobalt market share is classified into product and end-use.

• The cobalt sulfate segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The France cobalt market is segmented by product into cobalt sulfate, cobalt oxide, and cobalt metal. Among these, the cobalt sulfate segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period. It is an essential component of lithium batteries, which are found in a variety of electronic devices, including laptops, smartphones, and electric vehicles.  It contributes to these batteries' increased longevity and performance. Therefore, during the forecast period, rising investment in lithium battery production is anticipated to drive product demand.

• The superalloys segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The France cobalt market is segmented by end-use into EV, industrial metals, and superalloys. Among these, the superalloys segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. Superalloys based on cobalt are especially helpful in applications where the materials must withstand high pressures, temperatures, and stresses.  These are frequently utilized in aircraft engines and gas turbines for power generation, where the materials must tolerate temperatures of up to 1200°C (2192°F) without melting or degrading.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France cobalt market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. 

List of Key Companies

• China Molybdenum Co., Ltd.
• Huayou Cobalt
• Jinchuan Group
• Freeport-McMoRan
• Umicore
• Sumitomo Metal Mining Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the France Cobalt Market based on the below-mentioned segments:

France Cobalt Market, By Product                           

• Cobalt Sulfate
• Cobalt Oxide
• Cobalt Metal

France Cobalt Market, By End-use                                    

• EV
• Industrial Metals
• Superalloys