| Product Code: ETC198674 | Publication Date: May 2022 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 |
Brazil saw a significant increase in cobalt carbonate import shipments in 2024, with top exporters including China, Germany, India, Taiwan, and Belgium. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 13.14%, indicating a healthy expansion in demand. Moreover, the growth rate from 2023 to 2024 spiked by 36.95%, highlighting a rapid acceleration in import activity for cobalt carbonate in Brazil.

The cobalt carbonate market in Brazil demonstrates steady demand, primarily fueled by its applications in battery manufacturing, ceramics, and catalyst production. As a key component in lithium-ion batteries, cobalt carbonate plays a crucial role in the rapidly expanding electric vehicle market. Brazil growing focus on renewable energy and electric mobility drives demand for cobalt carbonate, influenced by factors such as technological advancements, supply chain dynamics, and government policies promoting clean energy adoption.
The Brazil Cobalt Carbonate Market is propelled by its significance in battery manufacturing, especially in the context of renewable energy technologies and electric vehicles. As Brazil endeavors to transition towards sustainable energy solutions, the demand for cobalt carbonate remains buoyant. Market trends are further influenced by global developments in battery technology, raw material sourcing, and supply chain dynamics.
Challenges in the Brazil Cobalt Carbonate Market include fluctuating cobalt prices, supply chain disruptions, and competition from alternative cobalt compounds. Regulatory requirements related to product quality, environmental sustainability, and labor practices further impact market dynamics.
Government intervention in the cobalt carbonate market aims at promoting sustainable mining practices, preventing illegal extraction, and ensuring fair trade. Licensing, environmental impact assessments, and export quotas are key regulatory measures.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Brazil Cobalt Carbonate Market Overview |
3.1 Brazil Country Macro Economic Indicators |
3.2 Brazil Cobalt Carbonate Market Revenues & Volume, 2021 & 2031F |
3.3 Brazil Cobalt Carbonate Market - Industry Life Cycle |
3.4 Brazil Cobalt Carbonate Market - Porter's Five Forces |
3.5 Brazil Cobalt Carbonate Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Brazil Cobalt Carbonate Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Brazil Cobalt Carbonate Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Brazil Cobalt Carbonate Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
4 Brazil Cobalt Carbonate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for cobalt-based batteries in electric vehicles. |
4.2.2 Growth of the electronics industry in Brazil. |
4.2.3 Rising focus on renewable energy sources driving the demand for cobalt carbonate. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of cobalt globally. |
4.3.2 Environmental concerns related to cobalt mining and extraction. |
4.3.3 Dependency on imports for cobalt carbonate in Brazil. |
5 Brazil Cobalt Carbonate Market Trends |
6 Brazil Cobalt Carbonate Market, By Types |
6.1 Brazil Cobalt Carbonate Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Brazil Cobalt Carbonate Market Revenues & Volume, By Source, 2021-2031F |
6.1.3 Brazil Cobalt Carbonate Market Revenues & Volume, By Natural, 2021-2031F |
6.1.4 Brazil Cobalt Carbonate Market Revenues & Volume, By Synthetic, 2021-2031F |
6.2 Brazil Cobalt Carbonate Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Brazil Cobalt Carbonate Market Revenues & Volume, By Wet Solid, 2021-2031F |
6.2.3 Brazil Cobalt Carbonate Market Revenues & Volume, By Dry Powder, 2021-2031F |
6.3 Brazil Cobalt Carbonate Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Brazil Cobalt Carbonate Market Revenues & Volume, By Paint Additives, 2021-2031F |
6.3.3 Brazil Cobalt Carbonate Market Revenues & Volume, By Chemical Intermediates, 2021-2031F |
6.3.4 Brazil Cobalt Carbonate Market Revenues & Volume, By Pigments, 2021-2031F |
6.3.5 Brazil Cobalt Carbonate Market Revenues & Volume, By Coatings, 2021-2031F |
6.3.6 Brazil Cobalt Carbonate Market Revenues & Volume, By Others, 2021-2031F |
6.4 Brazil Cobalt Carbonate Market, By Industry Vertical |
6.4.1 Overview and Analysis |
6.4.2 Brazil Cobalt Carbonate Market Revenues & Volume, By Chemical, 2021-2031F |
6.4.3 Brazil Cobalt Carbonate Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.4 Brazil Cobalt Carbonate Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.4.5 Brazil Cobalt Carbonate Market Revenues & Volume, By Agricultural, 2021-2031F |
6.4.6 Brazil Cobalt Carbonate Market Revenues & Volume, By Others, 2021-2031F |
7 Brazil Cobalt Carbonate Market Import-Export Trade Statistics |
7.1 Brazil Cobalt Carbonate Market Export to Major Countries |
7.2 Brazil Cobalt Carbonate Market Imports from Major Countries |
8 Brazil Cobalt Carbonate Market Key Performance Indicators |
8.1 Average selling price of cobalt carbonate. |
8.2 Number of new electric vehicle models using cobalt-based batteries launched in Brazil. |
8.3 Investment in cobalt mining and processing infrastructure in Brazil. |
8.4 Percentage of cobalt carbonate sourced from ethical and sustainable suppliers. |
8.5 Research and development spending on cobalt alternatives in the battery industry. |
9 Brazil Cobalt Carbonate Market - Opportunity Assessment |
9.1 Brazil Cobalt Carbonate Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Brazil Cobalt Carbonate Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Brazil Cobalt Carbonate Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Brazil Cobalt Carbonate Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
10 Brazil Cobalt Carbonate Market - Competitive Landscape |
10.1 Brazil Cobalt Carbonate Market Revenue Share, By Companies, 2024 |
10.2 Brazil Cobalt Carbonate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |