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South Korea Cobalt Market Size, Share, Analysis, Trends: By Form: Metal, Chemical Compound, Purchased Scrap; By Application: Alloys, Batteries, Catalysts, Tool Materials, Magnets, Ceramic and Pigments, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Cobalt Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Cobalt Historical Market (2018-2023)
8.3 Asia Pacific Cobalt Market Forecast (2024-2032)
8.4 Asia Pacific Cobalt Market Breakup by Country
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 ASEAN
8.4.5 Australia
8.4.6 South Korea
8.4.7 Others
9 South Korea Cobalt Market Overview
9.1 Key Industry Highlights
9.2 South Korea Cobalt Historical Market (2018-2023)
9.3 South Korea Cobalt Market Forecast (2024-2032)
10 South Korea Cobalt Market by Form
10.1 Metal
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Chemical Compound
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Purchased Scrap
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 South Korea Cobalt Market by Application
11.1 Alloys
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Batteries
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Catalysts
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Tool Materials
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Magnets
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Ceramic and Pigments
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Glencore plc
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Umicore SA
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 NICHIA Corporation
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 COSMO Chemical Co., Ltd.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Ecopro Materials Co., Ltd.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 SungEel HiTech Co. Ltd.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Korea Zinc Company, ltd
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Cobalt Market: Key Industry Highlights, 2018 and 2032
2. South Korea Cobalt Market: Key Industry Highlights, 2018 and 2032
3. South Korea Cobalt Historical Market: Breakup by Form (KMT), 2018-2023
4. South Korea Cobalt Market Forecast: Breakup by Form (KMT), 2024-2032
5. South Korea Cobalt Historical Market: Breakup by Application (KMT), 2018-2023
6. South Korea Cobalt Market Forecast: Breakup by Application (KMT), 2024-2032
7. South Korea Cobalt Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate volume of 13.70 KMT.
The market is projected to grow at a CAGR of 11.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a volume of around 39.70 KMT by 2032.
The major market drivers are the growing usage of cobalt in lithium-ion batteries, the rising applications of the product in chemical processing, and increasing industrialisation.
The key trends of the market include the rising popularity of electric vehicles in the country, the surging incorporation of cobalt in jewellery, the growing usage of cobalt alloys in artificial implants, and increased production of cobalt-based cathodes by market players.
Different forms of cobalt are metal, chemical compound, and purchased scrap.
Various applications of cobalt are alloys, batteries, catalysts, tool materials, magnets, and ceramic and pigments, among others.
The key players in the market are Glencore plc, Umicore SA, NICHIA Corporation, COSMO Chemical Co., Ltd., Ecopro Materials Co., Ltd., SungEel HiTech Co. Ltd., and Korea Zinc Company, ltd, among others.
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