Thailand Cobalt Chloride Market (2025-2031) Outlook | Trends, Share, Companies, Industry, Forecast, Size, Value, Revenue, Growth & Analysis

Thailand Cobalt Chloride Market Synopsis

The cobalt chloride market in Thailand was valued at USD 30.5 million in 2025 and is expected to grow to USD 39.8 million, registering a CAGR of 4.6%. The growth of the cobalt chloride market can be attributed to the increasing demand for electronic applications such as rechargeable batteries, mobile phones, computers and consumer electronics. The rising awareness about global environmental issues has also propelled the demand for cobalt chloride as it is used in water treatment processes with other chemicals like sulphate reducing bacteria (SRB). In addition, a growing number of industrial activities has further increased its application scope across several industries including oil & gas refining and petrochemical production.

Drivers of the Market

Cobalt chloride finds applications in diverse sectors, including ceramics, electronics, and catalyst manufacturing. The market is driven by the growing electronics industry and the increasing use of cobalt compounds in various applications. Despite supply chain challenges during the pandemic, electronics and industrial activities continue to drive market growth.

Challenges of the Market

Cobalt chloride has applications in electronics and chemicals. Market challenges include the ethical sourcing of cobalt and the complexity of supply chains. Striking a balance between meeting demand and addressing concerns about responsible sourcing poses a significant challenge for the market.

COVID-19 Impact on the Market

The pandemic`s impact on the electronics and battery industries could have affected the demand for cobalt chloride. Changes in consumer spending and industrial operations might have played a role.

Key Players in the Market

The Thailand cobalt chloride market is influenced by key players such as CobaltTech Industries, Chemix Catalysts, and Metal Coatings Ltd. CobaltTech Industries holds a prominent position as a major manufacturer of cobalt chloride, serving sectors like chemicals, pigments, and electroplating. Chemix Catalysts specializes in catalyst production and supplies cobalt chloride-based catalysts for various chemical processes. Metal Coatings Ltd. offers cobalt chloride solutions for corrosion protection and surface treatment applications. These key players contribute to the growth of Thailand`s cobalt chloride market by providing essential chemicals for diverse industries while ensuring quality and innovation.

Key Highlights of the Report:

• Thailand Cobalt Chloride Market Outlook
• Market Size of Thailand Cobalt Chloride Market, 2024
• Forecast of Thailand Cobalt Chloride Market, 2031
• Historical Data and Forecast of Thailand Cobalt Chloride Revenues & Volume for the Period 2021-2031
• Thailand Cobalt Chloride Market Trend Evolution
• Thailand Cobalt Chloride Market Drivers and Challenges
• Thailand Cobalt Chloride Price Trends
• Thailand Cobalt Chloride Porter's Five Forces
• Thailand Cobalt Chloride Industry Life Cycle
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Adhesives and sealants for the Period 2021-2031
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Agrochemicals for the Period 2021-2031
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Construction chemicals for the Period 2021-2031
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Dyes and pigments for the Period 2021-2031
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Electronic chemicals for the Period 2021-2031
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Flavors and fragrances for the Period 2021-2031
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Acidizing chemicals for the Period 2021-2031
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Anti-foaming agents for the Period 2021-2031
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Biocides and disinfectants for the Period 2021-2031
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Bleaching and RCF chemicals for the Period 2021-2031
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Cementing chemicals for the Period 2021-2031
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Coatings chemicals for the Period 2021-2031
• Historical Data and Forecast of Thailand Cobalt Chloride Market Revenues & Volume By Others for the Period 2021-2031
• Thailand Cobalt Chloride Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Thailand Cobalt Chloride Top Companies Market Share
• Thailand Cobalt Chloride Competitive Benchmarking By Technical and Operational Parameters
• Thailand Cobalt Chloride Company Profiles
• Thailand Cobalt Chloride Key Strategic Recommendations