The Global Cobalt Iodide Market was valued at USD 24.8 Million in 2024 and is projected to reach USD 34.1 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024–2030). This growth is primarily driven by increasing demand from the electronics and pharmaceutical sectors, advancements in catalysis, and the compound’s essential role in organic synthesis and humidity detection.

As industries demand more sophisticated catalysts and specialty chemicals, the role of high-purity compounds like cobalt iodide becomes increasingly critical. In this blog, we profile the Top 10 Companies in the Cobalt Iodide Industry—a curated list of manufacturers and suppliers that are setting benchmarks in quality, innovation, and global supply chain reliability.

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🔟 1. American Elements

Headquarters: Los Angeles, California, USA
Key Offering: High-Purity Cobalt Iodide (99%, 99.9%, 99.99%)

American Elements is a global manufacturer and distributor of advanced materials, supplying high-purity cobalt iodide to research institutions and industrial clients worldwide. The company is renowned for its extensive catalog of rare earth and metal compounds, serving the aerospace, pharmaceutical, and electronics industries.

Innovation & Quality Initiatives:

• Production of ultra-high purity (99.99%) Cobalt Iodide for research applications

• Comprehensive analytical and safety data sheet (SDS) support

• Custom synthesis services for specialized industrial requirements

Download FREE Sample Report: Cobalt Iodide Market – View in Detailed Research Report

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9️⃣ 2. Thermo Fisher Scientific

Headquarters: Waltham, Massachusetts, USA
Key Offering: Laboratory-grade Cobalt Iodide, Analytical Reagents

Thermo Fisher Scientific provides high-purity cobalt iodide primarily for laboratory and research applications. As a leader in the life sciences sector, the company ensures its products meet stringent quality standards for academic, pharmaceutical, and industrial R&D.

Innovation & Quality Initiatives:

• Focus on GMP and research-grade material production

• Integration into comprehensive laboratory supply chains

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8️⃣ 3. Santa Cruz Biotechnology, Inc.

Headquarters: Dallas, Texas, USA
Key Offering: Cobalt Iodide for Research and Biomedical Applications

Santa Cruz Biotechnology is a leading supplier of research chemicals, antibodies, and biochemicals. The company offers cobalt iodide for use in chemical synthesis and various research protocols, catering primarily to the biotechnology and pharmaceutical sectors.

Innovation & Quality Initiatives:

• Supply of reagents for drug discovery and development

• Stringent quality control for research reproducibility

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7️⃣ 4. Strem Chemicals, Inc.

Headquarters: Newburyport, Massachusetts, USA
Key Offering: High-Purity Metal Organics and Catalysts, including Cobalt Iodide

Strem Chemicals specializes in high-purity chemicals for catalysis and materials science. The company is a key supplier of cobalt iodide to the chemical manufacturing industry, where it is used as a catalyst in carbonylations and other organic transformations.

Innovation & Quality Initiatives:

• Expertise in metallocene and metal-organic compounds

• Catalyst screening and development services for industrial clients

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6️⃣ 5. ABCR GmbH & Co. KG

Headquarters: Karlsruhe, Germany
Key Offering: Fine Chemicals and Catalysts, including Cobalt(I) and Cobalt(II) Iodide

ABCR is a major European supplier of fine chemicals and advanced materials. The company provides high-quality cobalt iodide to the chemical and pharmaceutical industries, supporting complex synthesis processes.

Innovation & Quality Initiatives:

• Broad portfolio of metal catalysts and precursors

• Strong focus on the European chemical manufacturing market

Download FREE Sample Report: Cobalt Iodide Market – View in Detailed Research Report

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5️⃣ 6. Alfa Aesar (Thermo Fisher Scientific)

Headquarters: Haverhill, Massachusetts, USA
Key Offering: Cobalt Iodide, Anhydrous and Hydrated Forms

Alfa Aesar, part of Thermo Fisher Scientific, is a leading manufacturer and supplier of research chemicals, metals, and materials. The company offers various forms of cobalt iodide, catering to diverse application needs from catalysis to material science.

Innovation & Quality Initiatives:

• Production of both anhydrous and hydrated cobalt iodide salts

• Global distribution network for research and industrial sectors

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4️⃣ 7. Toronto Research Chemicals

Headquarters: Toronto, Ontario, Canada
Key Offering: High-Purity Biochemicals and Metabolites, including Cobalt Iodide

Toronto Research Chemicals (TRC) is a leading manufacturer of biochemicals for research. While known for organic compounds, TRC also supplies high-purity metal salts like cobalt iodide for specialized research applications in pharmacology and environmental science.

Innovation & Quality Initiatives:

• Specialization in certified reference materials

• Support for analytical method development

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3️⃣ 8. Merck KGaA

Headquarters: Darmstadt, Germany
Key Offering: Cobalt Iodide under the MilliporeSigma brand for Life Science

Merck KGaA, operating as MilliporeSigma in the U.S. and Canada, is a global leader in life science products and services. The company supplies high-purity cobalt iodide to the pharmaceutical and biotechnology industries for research and process development.

Innovation & Quality Initiatives:

• Integration into comprehensive life science solution portfolios

• Commitment to sustainability and green chemistry principles

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2️⃣ 9. XI’AN FUNCTION MATERIAL GROUP

Headquarters: Xi’an, Shaanxi, China
Key Offering: Cobalt Iodide and other Metal Iodides for Industrial Use

XI’AN FUNCTION MATERIAL GROUP is a significant manufacturer of functional materials in Asia, producing cobalt iodide for regional and global markets. The company serves various industrial sectors, including electronics, catalysis, and chemical manufacturing.

Innovation & Quality Initiatives:

• Focus on cost-effective production for industrial-scale applications

• Expansion of production capacity to meet growing Asian demand

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1️⃣ 10. BeanTown Chemical

Headquarters: Hudson, New Hampshire, USA
Key Offering: High-Purity Inorganics and Metals, including Cobalt Iodide

BeanTown Chemical is a supplier of high-purity chemicals, metals, and materials for industry and research. The company provides cobalt iodide to clients in the electronics and specialty chemicals sectors, emphasizing quality and reliability.

Innovation & Quality Initiatives:

• Specialization in high-purity and custom inorganic compounds

• Responsive supply chain for North American customers

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

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🌍 Outlook: The Future of Cobalt Iodide is Precision and Specialization

The cobalt iodide market is characterized by its niche but essential role in advanced industrial processes. While the overall market volume is modest compared to bulk chemicals, its strategic importance in catalysis and electronics drives continuous innovation and quality enhancement.

📈 Key Trends Shaping the Market:

• Increasing demand for high-purity (>99.9%) cobalt iodide from the pharmaceutical industry for precise synthesis

• Growth in applications for humidity sensors and electronic components

• Expansion of organic synthesis methodologies requiring specialized catalysts

• Stringent regulatory standards driving quality control and certification processes

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

The companies listed above are not only supplying a critical chemical intermediate—they’re enabling innovations across pharmaceuticals, advanced materials, and sustainable chemistry.