The India Cobalt Metal Powder Market was valued at US$ 48 million in 2024 and is projected to reach US$ 71 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period (2024-2030). This growth is fueled by expanding applications in hard metal tools, battery technologies, and additive manufacturing sectors across India’s industrial landscape.

As India positions itself as a global manufacturing hub, cobalt metal powder has emerged as a critical material enabling next-generation industrial applications. This analysis profiles the Top 10 Companies in India’s Cobalt Metal Powder Industry—featuring global suppliers, specialized processors, and domestic producers shaping the nation’s advanced materials ecosystem.

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🔟 1. Umicore

Headquarters: Brussels, Belgium
Indian Operations: Manufacturing facilities in Chennai and Mumbai

Umicore dominates India’s high-purity cobalt powder market through its advanced materials division. The company has pioneered sustainable cobalt refining processes while maintaining exceptional purity standards for industrial applications.

Market Advantages:

• Industry-leading 99.8% purity cobalt powders
• Nuclear-grade cobalt certification capabilities
• Closed-loop recycling systems recovering 95%+ of cobalt content

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9️⃣ 2. Freeport Cobalt

Headquarters: Kokkola, Finland
Indian Presence: Strategic partnership with Tata Chemicals

Freeport Cobalt specializes in ultra-fine cobalt powders for India’s precision tooling industry. Their controlled particle size distributions enable superior performance in cutting and drilling applications.

Market Advantages:

• 0.5-10 micron powder size range
• ISO 9001:2015 certified production
• Custom alloy development services

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8️⃣ 3. Jinchuan Group

Headquarters: Jinchang, China
India Market Share: 18% of cobalt powder imports

As China’s largest cobalt producer, Jinchuan Group supplies substantial volumes to India’s battery manufacturers. The company’s vertical integration ensures stable supply chains despite market fluctuations.

Market Advantages:

• 15,000MT annual production capacity
• Competitive bulk pricing structures
• Dedicated technical support team for Indian customers

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7️⃣ 4. GEM Co., Ltd.

Headquarters: Shenzhen, China
India Focus: Battery material supply chains

GEM has emerged as a key supplier for India’s EV battery sector, developing specialized cobalt powders for lithium-ion cathode production. Their urban mining initiatives contribute to sustainable material sourcing.

Market Advantages:

• 40% market share in China’s battery materials sector
• Battery recycling technology partnerships
• Custom formulations for Indian cathode producers

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6️⃣ 5. Nantong Xinwei

Headquarters: Nantong, China
Specialization: Nickel-cobalt alloy powders

Nantong Xinwei caters to India’s aerospace and energy sectors with specialized alloy powders. Their gas atomization technology produces highly spherical particles ideal for additive manufacturing.

Market Advantages:

• Low-oxygen content (<400ppm)
• Sphericity >95% for AM applications
• Tailored Ni-Co-Cr formulations

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5️⃣ 6. Sumitomo Metal Mining

Headquarters: Tokyo, Japan
Indian Strategy: Joint ventures with local partners

Sumitomo provides ultra-high purity (99.99%) cobalt powders for India’s electronics and semiconductor industries. Their quality control systems set industry benchmarks for consistency.

Market Advantages:

• Nanoscale powder production
• Comprehensive material characterization
• Technical support for metallurgical applications

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4️⃣ 7. Huayou Cobalt

Headquarters: Tongxiang, China
India Presence: Major battery material supplier

Huayou Cobalt has become instrumental in India’s lithium-ion battery supply chain through backward integration and cost-efficient production. Their African mining operations ensure raw material security.

Market Advantages:

• 30,000MT annual cobalt production
• Battery material formulation expertise
• Partnerships with Indian cathode producers

Download FREE Sample Report:
India Cobalt Metal Powder Market – View in Detailed Research Report

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3️⃣ 8. BASF

Headquarters: Ludwigshafen, Germany
Indian R&D: Mumbai Technical Center

BASF focuses on specialty cobalt powders for catalytic and chemical applications in India. Their surface-modified powders enable superior performance in industrial processes.

Market Advantages:

• Proprietary surface treatment technologies
• Catalyst application expertise
• Joint development programs

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2️⃣ 9. Vale

Headquarters: Rio de Janeiro, Brazil
India Supply: Through authorized distributors

Vale supplies responsibly sourced cobalt from Canadian operations to Indian markets. Their traceability initiatives meet stringent ESG requirements for industrial customers.

Market Advantages:

• RMI-certified supply chain
• Conflict-free sourcing guarantee
• Long-term supply contracts

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1️⃣ 10. Indian Rare Earths Limited

Headquarters: Mumbai, India
Domestic Production: Expanding capacity

IREL represents India’s domestic cobalt production capability, processing monazite sands for strategic applications. The company is scaling operations under government initiatives for material self-sufficiency.

Market Advantages:

• Atmanirbhar Bharat aligned production
• Defense sector priority supply
• Government-funded R&D programs

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India Cobalt Metal Powder Market – View in Detailed Research Report

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🏭 Market Outlook: Cobalt Powder at the Heart of India’s Industrial Growth

India’s cobalt metal powder sector is undergoing significant transformation as domestic capabilities expand alongside growing industrial demand. Several key trends are reshaping the market landscape:

📈 Key Market Developments

• Battery sector driving 18% annual demand growth
• Additive manufacturing applications expanding at 22% CAGR
• Government PLI schemes supporting domestic production
• Recycled cobalt content gaining preference

As India advances its manufacturing capabilities, cobalt metal powder will remain indispensable for producing high-performance components across industries.

Get Full Report Here:
India Cobalt Metal Powder Market – View in Detailed Research Report