| Product Code: ETC4873820 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Finland saw a significant increase in cobalt carbonate import shipments, with top exporting countries being Taiwan, Province of China, Germany, China, Belgium, and Japan. Despite a challenging CAGR of -4.57% from 2020 to 2024, the market showed resilience with a notable growth rate of 18.37% from 2023 to 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market structure, highlighting the dominance of key players in the cobalt carbonate import market in Finland.

The cobalt carbonate market in Finland is influenced by the demand for cobalt-based chemicals used in batteries, catalysts, and pigments. As the electric vehicle and renewable energy sectors grow, the need for cobalt-based compounds, including cobalt carbonate, is rising, driving demand in Finland and globally.
The Cobalt Carbonate Market in Finland is growing due to the demand for cobalt in the production of batteries, alloys, and catalysts. As the automotive industry transitions towards electric vehicles and the demand for rechargeable batteries increases, cobalt carbonate, a key raw material for batteries, becomes more critical.
The cobalt carbonate market in Finland faces challenges from the volatility of cobalt prices, which are influenced by global demand for electric vehicle batteries. Additionally, concerns about ethical sourcing and the environmental impact of cobalt mining are putting pressure on the market to adopt more sustainable practices.
Finlands government supports the cobalt carbonate market by focusing on sustainable mining practices and ensuring the proper recycling of cobalt-based materials. Policies regulate the extraction and use of cobalt to minimize environmental damage and ensure ethical sourcing. The government promotes innovation in the market to develop alternatives or reduce dependence on cobalt, aligning with the countrys environmental goals.
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 Finland Cobalt Carbonate Market Overview |
3.1 Finland Country Macro Economic Indicators |
3.2 Finland Cobalt Carbonate Market Revenues & Volume, 2021 & 2031F |
3.3 Finland Cobalt Carbonate Market - Industry Life Cycle |
3.4 Finland Cobalt Carbonate Market - Porter's Five Forces |
3.5 Finland Cobalt Carbonate Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Finland Cobalt Carbonate Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Finland Cobalt Carbonate Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Finland Cobalt Carbonate Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
4 Finland 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 in renewable energy storage systems |
4.2.3 Technological advancements in cobalt carbonate production |
4.3 Market Restraints |
4.3.1 Fluctuating prices of cobalt in the global market |
4.3.2 Environmental concerns regarding cobalt mining and extraction |
5 Finland Cobalt Carbonate Market Trends |
6 Finland Cobalt Carbonate Market Segmentations |
6.1 Finland Cobalt Carbonate Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Finland Cobalt Carbonate Market Revenues & Volume, By Natural, 2021-2031F |
6.1.3 Finland Cobalt Carbonate Market Revenues & Volume, By Synthetic, 2021-2031F |
6.2 Finland Cobalt Carbonate Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Finland Cobalt Carbonate Market Revenues & Volume, By Wet Solid, 2021-2031F |
6.2.3 Finland Cobalt Carbonate Market Revenues & Volume, By Dry Powder, 2021-2031F |
6.3 Finland Cobalt Carbonate Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Finland Cobalt Carbonate Market Revenues & Volume, By Paint Additives, 2021-2031F |
6.3.3 Finland Cobalt Carbonate Market Revenues & Volume, By Chemical Intermediates, 2021-2031F |
6.3.4 Finland Cobalt Carbonate Market Revenues & Volume, By Pigments, 2021-2031F |
6.3.5 Finland Cobalt Carbonate Market Revenues & Volume, By Coatings, 2021-2031F |
6.3.6 Finland Cobalt Carbonate Market Revenues & Volume, By Others, 2021-2031F |
6.4 Finland Cobalt Carbonate Market, By Industry Vertical |
6.4.1 Overview and Analysis |
6.4.2 Finland Cobalt Carbonate Market Revenues & Volume, By Chemical, 2021-2031F |
6.4.3 Finland Cobalt Carbonate Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.4 Finland Cobalt Carbonate Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.4.5 Finland Cobalt Carbonate Market Revenues & Volume, By Agricultural, 2021-2031F |
6.4.6 Finland Cobalt Carbonate Market Revenues & Volume, By Others, 2021-2031F |
7 Finland Cobalt Carbonate Market Import-Export Trade Statistics |
7.1 Finland Cobalt Carbonate Market Export to Major Countries |
7.2 Finland Cobalt Carbonate Market Imports from Major Countries |
8 Finland Cobalt Carbonate Market Key Performance Indicators |
8.1 Average selling price of cobalt carbonate in Finland |
8.2 Number of new cobalt carbonate production facilities in the country |
8.3 Percentage of cobalt carbonate used in electric vehicle batteries compared to other applications |
9 Finland Cobalt Carbonate Market - Opportunity Assessment |
9.1 Finland Cobalt Carbonate Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Finland Cobalt Carbonate Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Finland Cobalt Carbonate Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Finland Cobalt Carbonate Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
10 Finland Cobalt Carbonate Market - Competitive Landscape |
10.1 Finland Cobalt Carbonate Market Revenue Share, By Companies, 2024 |
10.2 Finland Cobalt Carbonate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |