Cobalt is a metal that is used as a raw material in the production of lithium-ion batteries, cutting tools, magnetic materials, petrochemical catalysts, and other products. Cobalt is a byproduct of nickel in 98% of cases. In 2022, the world trade in cobalt was US $ 4.83 billion, with the Democratic Republic of the Congo as the leading exporter (US $ 1.91 billion) and China as the top importer (US $ 2.13 billion). Cobalt is ranked 875th on the Product Complexity Index. The cobalt business has been chastised for the significant societal costs associated with upstream extraction, particularly in the Democratic Republic of the Congo. The DRC is expected to produce approximately 69% of mined cobalt in 2022.
Cobalt Market Overview:
Maximise Market Research, a market intelligence agency, has released a new research outlining the significant development potential for Cobalt industry providers from now until 2029. The research highlights the Cobalt Market’s growth drivers, significant restraints, impending difficulties, and current opportunities, as well as a list of important companies and their business strategies.
The Cobalt Market Size demand in 2022 of 125.93 Kilo tons and the Cobalt market is grow at CAGR 9%, and it is expected to reach 230.21 Kilo tons by 2029.
Cobalt Market Report Scope and Research Methodology:
Maximise Market Research gathered the information through primary research surveys conducted with product dealers, suppliers, international market supplies, and a dedicated team of subject matter experts who rigorously track and analyse the Cobalt industry. The Cobalt market size was estimated using a bottom-up approach. The research also provides a list of several ongoing development projects from various industries, as well as information on important projects that are in the development stage and may have an impact on the worldwide Cobalt market, either positively or negatively.
The research thoroughly studies and explains the Cobalt market dynamics, giving the reader with insights into emerging market trends, drivers, constraints, opportunities, and challenges at the global and regional levels.
Get Sample Copy Of This Report At:https://www.maximizemarketresearch.com/request-sample/83884
Cobalt Market Drivers:
As electric car sales increase by 30% each year, the battery industry will become increasingly important for cobalt usage. Cobalt futures have gathered a lot of traction since their launch in December 2022, with an open interest notional value of around $100 million at the beginning of July.
LCO batteries were intended as an early generation lithium-ion battery and have received significant application, particularly in small portable devices. As a disadvantage (specific power), LCO has a short life duration, low temperature stability, and restricted load capacity. Smartphones, tablets, laptop computers, and cameras are just a few examples.
Cobalt Market Segmentation:
by Application
Battery Chemicals
Super alloys
Ceramics and pigments
Hard metals
Magnet
Binder Materials
Life Science
Others
by Form
Metal
Chemical compound
by End User
Alloys
Magnets
Hard Materials
Catalyst
Inks and Dyes
Batteries
Others
Key Players:
1. Glencore plc (Switzerland)
2. Umicore (Belgium)
3. Vale S.A. (Brazil)
4. Jinchuan Group Internation Resources Co. Ltd. (Hong Kong)
5. Huayou cobalt Co Ltd (China)
6. Freeport cobalt (Finland)
7. Sherrit International Corporation (Canada)
8. BHP (Australia)
9. Eramet (France)
10. Votorantim Metals SA (Brazil)
11. Sumitomo Corporation (Japan)
12. CMOC International
13. Missouri Cobalt, LLC
14. China Molybdenum Co., Ltd.
15. Norilsk Nickel
16. GEM Co., Ltd.
17. Yantai Cash Industrial Co Ltd.
18. Horizonte Minerals
19. Jervois Mining
20. FLEURETTE PROPERTIES LIMITED
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @https://www.maximizemarketresearch.com/request-sample/83884
Regional Analysis:
The report contains a complete analysis of the Cobalt market by region, including market dynamics, regional market structure, and important players in each region. North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa are the regions.
COVID-19 Impact on the Cobalt Market
The report addresses the consequences of COVID-19: Since the COVID-19 virus emerged in December 2019, the sickness has spread to nearly every country on the earth, causing the World Health Organisation to designate it a public health catastrophe. The global impacts of the coronavirus outbreak are already being felt, and they will have a significant impact on the Cobalt sector in 2021.
Key Questions answered in the Cobalt Market Report are:
What is the expected Cobalt market size in 2029?
How the major segments of the global Cobalt market are expected to develop during the
forecast period?
Who are the top suppliers and producers in the Cobalt industry?
What is the expected Cobalt market size by the end of the forecast period?
Which regional market held the largest Cobalt market share in 2022?
Who are the key players in the Cobalt industry?
What are the Cobalt market segments?
Which Cobalt market segment is expected to grow at a high rate during the forecast period?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by Application, Technology, Type, End-User and
Region
Competitive Landscape – Profiles of selected key players by region in a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
For More Information About This Research Please Visit :https://www.maximizemarketresearch.com/request-sample/83884
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
+91 96071 95908, +91 9607365656
Get More Related Reports :
https://www.maximizemarketresearch.com/market-report/global-electrophysiology-market/21498/
https://www.maximizemarketresearch.com/market-report/global-perovskite-solar-cell-market/52618/
About Author
