Middle East & Africa Cobalt Market Size & Outlook
Middle East & Africa cobalt market, 2018-2030 (US$M)
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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.
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Cobalt Market Scope
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 2024. 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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Target buyers of Middle East & Africa cobalt market databook
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Our clientele includes a mix of cobalt market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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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Middle East & Africa Cobalt Market Outlook Share, 2024 & 2030 (US$M)
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