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Chemical & Material Global Cobalt Recycling Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4647321
    • |
  • 09 November, 2025
    • |
  • Global
    • |
  • 98 Pages
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  • GIR
    • |
  • Chemical & Material

According to our (Global Info Research) latest study, the global Cobalt Recycling market size was valued at US$ 1626 million in 2024 and is forecast to a readjusted size of USD 3650 million by 2031 with a CAGR of 12.4% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Cobalt recycling involves the process of recovering cobalt from used products, scrap, and industrial waste to reuse it in various applications. Given cobalt's critical role in many industries, including electronics, batteries (especially lithium-ion batteries), and superalloys, recycling is essential for conserving resources, reducing environmental impact, and maintaining a stable supply chain.
In 2016, Amnesty International, a US human rights organization, claimed that some companies, including Apple, Samsung Electronics, Sony, and Microsoft, purchased cobalt from producers who used minors to mine cobalt, which brought huge negative impacts to technology companies. Since then, a large number of technology companies have begun to make their supply chains transparent to verify that the cobalt they use comes from regular manufacturers. Recycled cobalt has received a lot of attention due to its completely green production. Apple announced that by 2025, all Apple-designed batteries will use 100% recycled cobalt. At the same time, with the rapid expansion of the electric vehicle (EV) industry, especially in the context of the global transition to renewable energy, the demand for cobalt as a key material in lithium-ion batteries has increased significantly. The application of recycled cobalt can effectively alleviate the problems of supply chain tension and insufficient cobalt resources in China.
In 2019, the global production of recycled cobalt was about 16,460 metal metric tons, of which cobalt from lithium battery waste accounted for 68.81%. In 2023, the global production of recycled cobalt will grow rapidly to 43,408 metal metric tons, of which 83.50% will come from lithium battery waste. It is estimated that in 2030, the global production of recycled cobalt will be 98,324 metal metric tons, with a compound annual growth rate of 9.86% from 2024 to 2030.
From the perspective of consumption regions, China occupies an absolute share. In 2023, China's recycled cobalt consumption will be 31,214 tons of metal, accounting for about 71.90% of the global market. China itself is a major producer and consumer of refined cobalt, producing and consuming 85% of the world's refined cobalt. With the development of electric vehicles, the lithium battery recycling industry in the United States and Europe is also developing rapidly. It is estimated that in 2030, the consumption of recycled cobalt in the United States and Europe will be 8,470 tons of metal and 10,171 tons of metal, respectively. In Africa, CNGR Advanced Material, a Chinese battery material giant, has built a new lithium battery ternary precursor material plant and recycling plant in Morocco, which has led to Morocco's emergence in the recycled cobalt market.
From the perspective of production companies, the world's top five recycled cobalt companies are all Chinese companies. The major global manufacturers of Recycled Cobalt include GEM, Huayou Holding Group, CNGR Advanced Material, BRUNP RECYCLING, Miracle Automation Engineering, Redwood Materials, Umicore, Guangdong Guanghua Sci-Tech, Ganzhou Highpower Technology, and TES, etc.
This report is a detailed and comprehensive analysis for global Cobalt Recycling market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Cobalt Recycling market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Cobalt Recycling market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Cobalt Recycling market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Cobalt Recycling market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Cobalt Recycling
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Cobalt Recycling market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include GEM, Huayou Holding Group, CNGR Advanced Material, BRUNP RECYCLING, Miracle Automation Engineering, Redwood Materials, Umicore, Guangdong Guanghua Sci-Tech, Ganzhou Highpower Technology, TES, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Cobalt Recycling market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Sources of Used Batteries
Sources of Cobalt Alloy Waste
Other
Market segment by Application
Automotive Power Battery
Consumer Electronics Battery
Alloy
Other
Major players covered
GEM
Huayou Holding Group
CNGR Advanced Material
BRUNP RECYCLING
Miracle Automation Engineering
Redwood Materials
Umicore
Guangdong Guanghua Sci-Tech
Ganzhou Highpower Technology
TES
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Cobalt Recycling product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Cobalt Recycling, with price, sales quantity, revenue, and global market share of Cobalt Recycling from 2020 to 2025.
Chapter 3, the Cobalt Recycling competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Cobalt Recycling breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Cobalt Recycling market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Cobalt Recycling.
Chapter 14 and 15, to describe Cobalt Recycling sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Cobalt Recycling Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Sources of Used Batteries
    • 1.3.3 Sources of Cobalt Alloy Waste
    • 1.3.4 Other
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Cobalt Recycling Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Automotive Power Battery
    • 1.4.3 Consumer Electronics Battery
    • 1.4.4 Alloy
    • 1.4.5 Other
  • 1.5 Global Cobalt Recycling Market Size & Forecast
    • 1.5.1 Global Cobalt Recycling Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Cobalt Recycling Sales Quantity (2020-2031)
    • 1.5.3 Global Cobalt Recycling Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 GEM
    • 2.1.1 GEM Details
    • 2.1.2 GEM Major Business
    • 2.1.3 GEM Cobalt Recycling Product and Services
    • 2.1.4 GEM Cobalt Recycling Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 GEM Recent Developments/Updates
  • 2.2 Huayou Holding Group
    • 2.2.1 Huayou Holding Group Details
    • 2.2.2 Huayou Holding Group Major Business
    • 2.2.3 Huayou Holding Group Cobalt Recycling Product and Services
    • 2.2.4 Huayou Holding Group Cobalt Recycling Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Huayou Holding Group Recent Developments/Updates
  • 2.3 CNGR Advanced Material
    • 2.3.1 CNGR Advanced Material Details
    • 2.3.2 CNGR Advanced Material Major Business
    • 2.3.3 CNGR Advanced Material Cobalt Recycling Product and Services
    • 2.3.4 CNGR Advanced Material Cobalt Recycling Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 CNGR Advanced Material Recent Developments/Updates
  • 2.4 BRUNP RECYCLING
    • 2.4.1 BRUNP RECYCLING Details
    • 2.4.2 BRUNP RECYCLING Major Business
    • 2.4.3 BRUNP RECYCLING Cobalt Recycling Product and Services
    • 2.4.4 BRUNP RECYCLING Cobalt Recycling Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 BRUNP RECYCLING Recent Developments/Updates
  • 2.5 Miracle Automation Engineering
    • 2.5.1 Miracle Automation Engineering Details
    • 2.5.2 Miracle Automation Engineering Major Business
    • 2.5.3 Miracle Automation Engineering Cobalt Recycling Product and Services
    • 2.5.4 Miracle Automation Engineering Cobalt Recycling Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Miracle Automation Engineering Recent Developments/Updates
  • 2.6 Redwood Materials
    • 2.6.1 Redwood Materials Details
    • 2.6.2 Redwood Materials Major Business
    • 2.6.3 Redwood Materials Cobalt Recycling Product and Services
    • 2.6.4 Redwood Materials Cobalt Recycling Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Redwood Materials Recent Developments/Updates
  • 2.7 Umicore
    • 2.7.1 Umicore Details
    • 2.7.2 Umicore Major Business
    • 2.7.3 Umicore Cobalt Recycling Product and Services
    • 2.7.4 Umicore Cobalt Recycling Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Umicore Recent Developments/Updates
  • 2.8 Guangdong Guanghua Sci-Tech
    • 2.8.1 Guangdong Guanghua Sci-Tech Details
    • 2.8.2 Guangdong Guanghua Sci-Tech Major Business
    • 2.8.3 Guangdong Guanghua Sci-Tech Cobalt Recycling Product and Services
    • 2.8.4 Guangdong Guanghua Sci-Tech Cobalt Recycling Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Guangdong Guanghua Sci-Tech Recent Developments/Updates
  • 2.9 Ganzhou Highpower Technology
    • 2.9.1 Ganzhou Highpower Technology Details
    • 2.9.2 Ganzhou Highpower Technology Major Business
    • 2.9.3 Ganzhou Highpower Technology Cobalt Recycling Product and Services
    • 2.9.4 Ganzhou Highpower Technology Cobalt Recycling Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Ganzhou Highpower Technology Recent Developments/Updates
  • 2.10 TES
    • 2.10.1 TES Details
    • 2.10.2 TES Major Business
    • 2.10.3 TES Cobalt Recycling Product and Services
    • 2.10.4 TES Cobalt Recycling Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 TES Recent Developments/Updates

3 Competitive Environment: Cobalt Recycling by Manufacturer

  • 3.1 Global Cobalt Recycling Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Cobalt Recycling Revenue by Manufacturer (2020-2025)
  • 3.3 Global Cobalt Recycling Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Cobalt Recycling by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Cobalt Recycling Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Cobalt Recycling Manufacturer Market Share in 2024
  • 3.5 Cobalt Recycling Market: Overall Company Footprint Analysis
    • 3.5.1 Cobalt Recycling Market: Region Footprint
    • 3.5.2 Cobalt Recycling Market: Company Product Type Footprint
    • 3.5.3 Cobalt Recycling Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Cobalt Recycling Market Size by Region
    • 4.1.1 Global Cobalt Recycling Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Cobalt Recycling Consumption Value by Region (2020-2031)
    • 4.1.3 Global Cobalt Recycling Average Price by Region (2020-2031)
  • 4.2 North America Cobalt Recycling Consumption Value (2020-2031)
  • 4.3 Europe Cobalt Recycling Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Cobalt Recycling Consumption Value (2020-2031)
  • 4.5 South America Cobalt Recycling Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Cobalt Recycling Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Cobalt Recycling Sales Quantity by Type (2020-2031)
  • 5.2 Global Cobalt Recycling Consumption Value by Type (2020-2031)
  • 5.3 Global Cobalt Recycling Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Cobalt Recycling Sales Quantity by Application (2020-2031)
  • 6.2 Global Cobalt Recycling Consumption Value by Application (2020-2031)
  • 6.3 Global Cobalt Recycling Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Cobalt Recycling Sales Quantity by Type (2020-2031)
  • 7.2 North America Cobalt Recycling Sales Quantity by Application (2020-2031)
  • 7.3 North America Cobalt Recycling Market Size by Country
    • 7.3.1 North America Cobalt Recycling Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Cobalt Recycling Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Cobalt Recycling Sales Quantity by Type (2020-2031)
  • 8.2 Europe Cobalt Recycling Sales Quantity by Application (2020-2031)
  • 8.3 Europe Cobalt Recycling Market Size by Country
    • 8.3.1 Europe Cobalt Recycling Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Cobalt Recycling Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Cobalt Recycling Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Cobalt Recycling Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Cobalt Recycling Market Size by Region
    • 9.3.1 Asia-Pacific Cobalt Recycling Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Cobalt Recycling Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Cobalt Recycling Sales Quantity by Type (2020-2031)
  • 10.2 South America Cobalt Recycling Sales Quantity by Application (2020-2031)
  • 10.3 South America Cobalt Recycling Market Size by Country
    • 10.3.1 South America Cobalt Recycling Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Cobalt Recycling Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Cobalt Recycling Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Cobalt Recycling Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Cobalt Recycling Market Size by Country
    • 11.3.1 Middle East & Africa Cobalt Recycling Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Cobalt Recycling Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Cobalt Recycling Market Drivers
  • 12.2 Cobalt Recycling Market Restraints
  • 12.3 Cobalt Recycling Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Cobalt Recycling and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Cobalt Recycling
  • 13.3 Cobalt Recycling Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Cobalt Recycling Typical Distributors
  • 14.3 Cobalt Recycling Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Cobalt Recycling. Industry analysis & Market Report on Cobalt Recycling is a syndicated market report, published as Global Cobalt Recycling Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Cobalt Recycling market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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