| Product Code: ETC5352224 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In the Greece cobalt sulfate market, the import trend exhibited a notable decline from 2023 to 2024, with a growth rate of -25.0%. The compound annual growth rate (CAGR) for the period 2020-2024 stood at -30.66%. This negative momentum can be attributed to shifting demand dynamics or potential market stabilization efforts.
In the Europe region, the Cobalt Sulfate market in Greece is projected to expand at a stable growth rate of 0.92% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

The cobalt sulfate market in Greece is influenced by its key role in producing lithium-ion batteries used in electric vehicles and energy storage systems. As global demand for electric vehicles and renewable energy solutions rises, the need for cobalt sulfate in Greece is also growing. The market will continue to be driven by the increasing demand for sustainable and efficient energy storage technologies.
The cobalt sulfate market in Greece is expanding due to its critical role in the manufacturing of lithium-ion batteries for electric vehicles and portable electronics. As the demand for energy storage solutions increases, cobalt sulfate is becoming an essential material in the battery industry.
The cobalt sulfate market in Greece faces challenges from the increasing demand for electric vehicle batteries, which places pressure on the supply chain and drives up prices. Ethical sourcing concerns related to cobalt mining practices, especially in countries with limited regulatory oversight, add complexities to the markets future growth and stability.
The cobalt sulfate market in Greece is driven by the governments support for the renewable energy sector and the electric vehicle industry. Policies focusing on reducing carbon emissions and promoting sustainable energy solutions have increased the demand for cobalt sulfate in battery production.
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 Greece Cobalt Sulfate Market Overview |
3.1 Greece Country Macro Economic Indicators |
3.2 Greece Cobalt Sulfate Market Revenues & Volume, 2021 & 2031F |
3.3 Greece Cobalt Sulfate Market - Industry Life Cycle |
3.4 Greece Cobalt Sulfate Market - Porter's Five Forces |
3.5 Greece Cobalt Sulfate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Greece Cobalt Sulfate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for rechargeable batteries in various industries |
4.2.2 Increasing focus on renewable energy sources like wind and solar power |
4.2.3 Technological advancements leading to more efficient cobalt sulfate production |
4.3 Market Restraints |
4.3.1 Fluctuating prices of cobalt metal impacting the cost-effectiveness of cobalt sulfate |
4.3.2 Environmental concerns related to cobalt mining and processing |
4.3.3 Competition from alternative battery technologies using different materials |
5 Greece Cobalt Sulfate Market Trends |
6 Greece Cobalt Sulfate Market Segmentations |
6.1 Greece Cobalt Sulfate Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Greece Cobalt Sulfate Market Revenues & Volume, By Battery, 2021-2031F |
6.1.3 Greece Cobalt Sulfate Market Revenues & Volume, By Pigment, 2021-2031F |
6.1.4 Greece Cobalt Sulfate Market Revenues & Volume, By Others, 2021-2031F |
7 Greece Cobalt Sulfate Market Import-Export Trade Statistics |
7.1 Greece Cobalt Sulfate Market Export to Major Countries |
7.2 Greece Cobalt Sulfate Market Imports from Major Countries |
8 Greece Cobalt Sulfate Market Key Performance Indicators |
8.1 Average selling price of cobalt sulfate |
8.2 Percentage of cobalt sulfate production from recycled sources |
8.3 Number of research and development projects focused on improving cobalt sulfate efficiency |
9 Greece Cobalt Sulfate Market - Opportunity Assessment |
9.1 Greece Cobalt Sulfate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Greece Cobalt Sulfate Market - Competitive Landscape |
10.1 Greece Cobalt Sulfate Market Revenue Share, By Companies, 2024 |
10.2 Greece Cobalt Sulfate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |