South Korea Cobalt Market Size & Outlook, 2024-2030
South Korea cobalt market, 2018-2030 (US$M)
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South Korea cobalt market highlights
- The South Korea cobalt market generated a revenue of USD 2,062.7 million in 2022 and is expected to reach USD 3,410.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.5% 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 2022 | USD 2,062.7 million |
| Market revenue in 2030 | USD 3,410.6 million |
| Growth rate | 6.5% (CAGR from 2022 to 2030) |
| Largest segment | Cobalt sulfate |
| Fastest growing segment | Cobalt Sulfate |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, South Korea accounted for 12.9% of the global cobalt market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cobalt market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 13,515.6 million by 2030.
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Cobalt Market Scope
Cobalt Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 71.02% in 2024. Horizon Databook has segmented the South Korea 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 South Korea 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 country-level data and insights on the South Korea cobalt market , including forecasts for subscribers. This country databook contains high-level insights into South Korea cobalt market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea cobalt market size, by product, 2018-2030 (US$M)
South Korea Cobalt Market Outlook Share, 2024 & 2030 (US$M)
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