Germany Cobalt Market Size & Outlook, 2022-2030

The cobalt market in Germany is expected to reach a projected revenue of US$ 1,324.6 million by 2030. A compound annual growth rate of 6% is expected of Germany cobalt market from 2023 to 2030.
Revenue, 2022 (US$M)
$829.1
Forecast, 2030 (US$M)
$1,324.6
CAGR, 2023 - 2030
6%
Report Coverage
Germany

Germany cobalt market highlights

  • The Germany cobalt market generated a revenue of USD 829.1 million in 2022 and is expected to reach USD 1,324.6 million by 2030.
  • The Germany market is expected to grow at a CAGR of 6% from 2023 to 2030.
  • In terms of segment, cobalt sulfate was the largest revenue generating product in 2022.
  • Cobalt Sulfate is the most lucrative product segment registering the fastest growth during the forecast period.


Cobalt market data book summary

Market revenue in 2022USD 829.1 million
Market revenue in 2030USD 1,324.6 million
Growth rate6% (CAGR from 2022 to 2030)
Largest segmentCobalt sulfate
Fastest growing segmentCobalt Sulfate
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCobalt Sulfate, Cobalt Oxide, Cobalt Metal
Key market players worldwideCMOC Group Ltd Class H, Eurasian Resources Group, Freeport-McMoRan Inc, Glencore PLC, Sumitomo Metal Mining Co Ltd, Umicore SA ADR


Other key industry trends

  • In terms of revenue, Germany accounted for 5.2% of the global cobalt market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Europe, Germany cobalt market is projected to lead the regional market in terms of revenue in 2030.
  • Germany is the fastest growing regional market in Europe and is projected to reach USD 1,324.6 million by 2030.

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Cobalt Market Companies

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Germany cobalt market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cobalt market will help companies and investors design strategic landscapes.


Cobalt sulfate was the largest segment with a revenue share of 71% in 2022. Horizon Databook has segmented the Germany cobalt market based on cobalt sulfate, cobalt oxide, cobalt metal covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the Germany cobalt market , including forecasts for subscribers. This country databook contains high-level insights into Germany cobalt market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Germany cobalt market size, by product, 2018-2030 (US$M)

Germany Cobalt Market Outlook Share, 2022 & 2030 (US$M)

Germany cobalt market size, by product, 2018-2030 (US$M)

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