Cobalt Market 2021 – 2028 Booming Worldwide with Top Industry Players


Posted January 24, 2022 by chitinsalian

Cobalt Market is expected to grow at a compound annual growth rate of 10.97% for the forecast period of 2021 to 2028.

 
Cobalt Market is expected to grow at a compound annual growth rate of 10.97% for the forecast period of 2021 to 2028. Data Bridge Market Research report on cobalt market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. Cobalt is a type of chemical element found in the earth’s crust only chemically combined form. It is a free element that is produced by reductive smelting. Cobalt is a by-product of copper and nickel so; most of the cobalt is produced by the production of nickel and copper. Pure metallic cobalt is a lustrous, hard, silver-gray metal and is usually used in several industrial applications counting high-temperature super alloys, stainless steels, medical prosthetics, hard-facing products and cemented carbides.

The growing use of cobalt for metallurgical uses mainly in high-temperature alloys (super alloys) has highly influenced growth of the cobalt market. In line with this, the Increase in the use of cobalt in the electric vehicle as well as the high demand of cobalt owing the recyclable nature is also acting as a key determinant favoring the growth of the cobalt market over the forecast period of 2021 to 2028. Also the rapid increase in lithium ion battery production, superior energy density, recyclability of cobalt and strong presence of major construction companies are also positively impacting the growth of the cobalt market. The major factor accountable for the growth of the market is the rapid technological advancements along with rapid urbanization and globalization as well as the rising disposable incomes. However, the irregularity in supply occurring due to a lack of advanced infrastructure and political volatility may act as key restraint towards cobalt market growth rate in the forecast period of 2021 to 2028, whereas due to the inconsistency between the supply and demand, the prices of cobalt are probable to rise which have the potential to challenge the growth of the cobalt market in the above mentioned forecast period. Furthermore, rapid development and commercialization of environment friendly recyclable cobalt as well as growing population and the rising penetration of consumer electronics in emerging economies will further offer a variety of growth opportunities for the cobalt market in the above mentioned forecast period.

Global Cobalt Market, By Form (Chemical Compound, Metal, Purchased Scrap), Application (Battery Chemicals, Super Alloy, Ceramic and Pigments, Hard Metals, Magnets, Life Science, Binder Material), End User (Electronics, Automotive, Aerospace, Medical), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.Global Cobalt Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. This cobalt market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on cobalt market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Cobalt Market Scope and Market Size:
Cobalt market is segmented on the basis of form, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of form, the cobalt market is segmented into chemical compound, metal and purchased scrap. Based on application, the cobalt market is segmented into battery chemicals, super alloy, ceramic and pigments, hard metals, magnets, life science and binder material. Battery chemicals have further been segmented into lithium cobalt oxide (LCO), lithium nickel manganese cobalt (NMC) and lithium nickel cobalt aluminum oxide (NCA).The end user segment for cobalt market is segmented into electronics, automotive, aerospace and medical.

Market Competitors:
The major players covered in the cobalt market report are China Molybdenum Co., Ltd., Glencore, Sheritt International Corporation, Vale, SUMITOMO METAL MINING CO LTD., Norilsk Nickel, GEM Co., Ltd., Huayou Cobalt Co., Ltd., BHP, Yantai Cash Industrial Co Ltd., Freeport Cobalt, Sumitomo Corporation, Horizonte Minerals, CMOC, Jervois Mining, Missouri Cobalt, LLC, FLEURETTE PROPERTIES LIMITED, McKinsey & Company, Jinchuan Group International Resources Co. Ltd., and Umicore among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Key Pointers Covered in the Cobalt Market:
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study

MAJOR TOC OF THE REPORT:
Chapter One: Cobalt Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Cobalt Market Competition, by Players
Chapter Four: Cobalt Market Size by Regions
Chapter Five: Cobalt Market Revenue by Countries
Chapter Six: Cobalt Market Revenue by Type
Chapter Seven: Cobalt Market Revenue by Application
Chapter Eight: Cobalt Market Revenue by Industries
Chapter Nine: Cobalt Market Revenue by Deployment Model
Chapter Ten: Cobalt Market Revenue by End User

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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
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What are the Risks and Challenges in front of the market?
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What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model

About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market
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Last Updated January 24, 2022