UK Cobalt Market Size & Outlook, 2024-2030

The cobalt market in UK is expected to reach a projected revenue of US$ 299.7 million by 2030. A compound annual growth rate of 6.6% is expected of UK cobalt market from 2025 to 2030.
Revenue, 2024 (US$M)
$203.7
Forecast, 2030 (US$M)
$299.7
CAGR, 2025 - 2030
6.6%
Report Coverage
UK

UK cobalt market highlights

  • The UK cobalt market generated a revenue of USD 194.1 million in 2022 and is expected to reach USD 299.7 million by 2030.
  • The UK market is expected to grow at a CAGR of 5.6% 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 194.1 million
Market revenue in 2030USD 299.7 million
Growth rate5.6% (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, UK accounted for 1.2% 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.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Cobalt Market Scope

Cobalt market segmentation & scope
Cobalt Sulfate
Cobalt Oxide
Cobalt Metal
Others
Electric Vehicles
Other Batteries
Industrial Metals
Industrial Chemicals
Superalloys

Cobalt Market Companies

Name Profile # Employees HQ Website

UK 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 68.88% in 2024. Horizon Databook has segmented the UK cobalt market based on cobalt sulfate, cobalt oxide, cobalt metal covering the revenue growth of each sub-segment from 2018 to 2030.


Reasons to subscribe to UK cobalt market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of UK cobalt market databook

  • Our clientele includes a mix of cobalt market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 UK cobalt market , including forecasts for subscribers. This country databook contains high-level insights into UK cobalt market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

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

UK Cobalt Market Outlook Share, 2024 & 2030 (US$M)

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

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more