Middle East & Africa Cobalt Market Size & Outlook, 2030

Revenue, 2022 (US$M)

$194.4

Forecast, 2030 (US$M)

$210.4

CAGR, 2023 - 2030

Report Coverage

Middle East & Africa

Middle East & Africa cobalt market, 2018-2030 (US$M)

Related Markets

Global Cobalt Industry Outlook

North America Cobalt Market Outlook

U.S. Cobalt Market Outlook

Europe Cobalt Market Outlook

Germany Cobalt Market Outlook

France Cobalt Market Outlook

UK Cobalt Market Outlook

Asia Pacific Cobalt Market Outlook

Japan Cobalt Market Outlook

China Cobalt Market Outlook

South Korea Cobalt Market Outlook

Latin America Cobalt Market Outlook

MEA cobalt market highlights

The MEA cobalt market generated a revenue of USD 194.4 million in 2022.
The market is expected to grow at a CAGR of 1% 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.

MEA data book summary

Market revenue in 2022	USD 194.4 million
Market revenue in 2030	USD 210.4 million
Growth rate	1% (CAGR from 2022 to 2030)
Largest segment	Cobalt sulfate
Fastest growing segment	Cobalt Sulfate
Historical data covered	2018 - 2021
Base year for estimation	2022
Forecast period covered	2023 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Cobalt Sulfate, Cobalt Oxide, Cobalt Metal
Key market players worldwide	CMOC 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, MEA region accounted for 1.2% of the global cobalt market in 2022.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 21,131.4 million by 2030.

Key Regions: U.S. , UK , Japan , Germany , France

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Cobalt Market Scope

Cobalt market segmentation & scope

Product

Cobalt Sulfate

Cobalt Oxide

Cobalt Metal

Others

End-Use

Electric Vehicles

Other Batteries

Industrial Metals

Industrial Chemicals

Superalloys

Regions

North America

Latin America

Europe

Middle East & Africa

Asia Pacific

Countries

Japan

China

South Korea

U.S.

France

Germany

Cobalt Market Companies

Name	Profile	# Employees	HQ	Website

Middle East & Africa 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 69.7% in 2022. Horizon Databook has segmented the Middle East & Africa 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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Our clientele includes a mix of cobalt market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa cobalt market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cobalt market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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