The India cobalt powder market was valued at US$ 45 million in 2024 and is projected to reach US$ 67 million by 2030, growing at a compound annual growth rate (CAGR) of 6.9% during the forecast period (2024–2030). This robust growth is driven by India’s expanding electric vehicle sector, aerospace component manufacturing, and medical device production that increasingly rely on cobalt-based materials.

As India emerges as a global manufacturing hub, cobalt powder has become strategically important for high-performance alloys and battery technologies. This report profiles the top 10 companies leading India’s cobalt powder industry through indigenous production, technological innovation, and sustainable supply chain development.

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🔟 1. JSW Steel Ltd

Headquarters: Mumbai, Maharashtra
Key Offering: Battery-grade cobalt powder (99.8% purity)

JSW Steel has strategically diversified into specialty metal powders to support India’s push for self-reliance in critical minerals. Their cobalt powder production focuses primarily on lithium-ion battery applications and aerospace components.

Production Capabilities:

• Annual production capacity of 800 metric tons
• Electrolytic refining process for high purity
• Developing cobalt recovery from steel byproducts

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India Cobalt Powder Market – View in Detailed Research Report

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9️⃣ 2. Vedanta Resources Limited

Headquarters: London, UK (Major India operations)
Key Offering: Cobalt powder from zinc processing

Vedanta leverages its zinc smelting operations to recover cobalt as a valuable byproduct. The company is upgrading its refining facilities to produce battery-specification cobalt powder for India’s growing EV market.

Recent Developments:

• Expanded cobalt recovery capacity by 35% in 2023
• Partnerships with Indian battery manufacturers

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8️⃣ 3. Hindustan Zinc Limited

Headquarters: Udaipur, Rajasthan
Key Offering: Cobalt powder in various particle sizes

As India’s largest integrated zinc producer, Hindustan Zinc recovers cobalt during zinc refining processes. The company supplies cobalt powder to domestic alloy producers and exports to global markets.

Quality Standards:

• Meets international ASTM specifications
• Particle sizes from 1-20 microns available

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7️⃣ 4. Hindalco Industries Limited

Headquarters: Mumbai, Maharashtra
Key Offering: High-performance cobalt alloy powders

Hindalco’s specialty metals division produces cobalt-based powders primarily for aerospace and medical applications. The company is investing in advanced atomization technologies for finer powder production.

Strategic Focus:

• Cobalt-chrome powders for orthopedic implants
• Superalloy powders for turbine components

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India Cobalt Powder Market – View in Detailed Research Report

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6️⃣ 5. Tata Steel Limited

Headquarters: Mumbai, Maharashtra
Key Offering: Industrial-grade cobalt powders

Tata Steel produces cobalt powders through its advanced materials division, focusing on wear-resistant applications in mining and construction equipment.

Research Initiatives:

• Developing cobalt recycling from steel waste
• Testing cobalt powder blends for 3D printing

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5️⃣ 6. Steel Authority of India Limited (SAIL)

Headquarters: New Delhi
Key Offering: Cobalt powder for metallurgical applications

SAIL’s alloy steel plants produce cobalt powder primarily as an alloying element for special steels used in defense and energy sectors.

Capacity Expansion:

• Modernizing cobalt processing units
• Increasing byproduct recovery rates

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4️⃣ 7. Jindal Steel & Power Limited

Headquarters: New Delhi
Key Offering: Cobalt powder for industrial tools

JSPL manufactures cobalt powder for cutting tools and wear parts through its specialty metals business. The company is exploring forward integration into battery materials.

Market Position:

• Major supplier to Indian tool manufacturers
• Developing finer grades for additive manufacturing

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3️⃣ 8. National Aluminium Company Limited (NALCO)

Headquarters: Bhubaneswar, Odisha
Key Offering: Cobalt byproduct recovery

NALCO extracts cobalt as a byproduct from its aluminum production operations. The company supplies cobalt intermediate products to domestic chemical and alloy producers.

Recent Initiatives:

• Pilot project for direct cobalt powder production
• Exploring battery recycling opportunities

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2️⃣ 9. Bhushan Steel Ltd

Headquarters: New Delhi
Key Offering: Cobalt powder for specialty steels

Bhushan Steel produces cobalt-containing powder metallurgy products for automotive and industrial applications. The company is investing in atomization technology upgrades.

Quality Focus:

• Tighter particle size distribution controls
• Improved powder flow characteristics

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1️⃣ 10. Ratnamani Metals & Tubes Ltd

Headquarters: Ahmedabad, Gujarat
Key Offering: Specialty cobalt alloy powders

Ratnamani processes imported cobalt to produce premium alloy powders for critical applications in aerospace, chemical processing, and medical devices.

Technical Capabilities:

• Custom alloy formulations
• Controlled particle morphology

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India Cobalt Powder Market – View in Detailed Research Report

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🔍 Market Outlook: Cobalt’s Expanding Role in India’s Industrial Growth

India’s cobalt powder industry is at an inflection point with growing domestic demand and increasing emphasis on local production. While currently dependent on imports for high-purity grades, Indian companies are rapidly scaling up refining and processing capabilities.

📈 Key Market Trends:

• Rising cobalt demand from lithium-ion battery manufacturers
• Expansion in powder metallurgy applications
• Development of recycling infrastructure for cobalt recovery
• Strategic partnerships for stable cobalt supplies

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

The companies profiled above are playing pivotal roles in building India’s cobalt value chain, ensuring supply security for critical industries ranging from electric mobility to aerospace engineering.