Cobalt naphthenate is widely used as a drying agent in paints, inks, varnishes, and coatings. Its production has remained relatively stable in 2025, with moderate growth aligned with the recovery of global construction and industrial manufacturing activities. Most production facilities are located in North America, Europe, and Asia, where environmental regulations and feedstock availability influence output levels. Prices for cobalt naphthenate in 2025 have trended moderately higher, reflecting increases in raw material cobalt prices and general inflation in industrial chemicals. Limited supplier competition and niche application have provided a stable pricing floor.