Cobalt Powder Market Capacity, Production, Growth Rate, Revenue and Forecast (2019-2024) : Umicore, Freeport Cobalt, Hanrui Cobalt, Green Eco-Manufacturer, Bailuoda (Umicore)

Cobalt Powder Market

Summary

This report studies the Cobalt Powder market, Cobalt powder is one of the main product forms of non-ferrous metal cobalt. Gray irregular powder, soluble in acid, magnetic, easily oxidized in humid air.

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Scope of the Report:

Currently, a few companies in the world can produce Cobalt Powder product, especially high-grade products. They mainly concentrated in China and EU. The main market players are Umicore, Freeport Cobalt, Hanrui Cobalt and Green Eco-Manufacturer. In the past five years, the sales volume of Cobalt Powder increased to from 9.5 K MT in 2012 to 11 K MT in 2016, with an average growth rate of 4%.

In consumption market, the growth rate of global consumption is stable relatively. EU is still the mainly consumption regions due to the advanced downstream industries and recover of economy. However, China is also an important consumer country.

Cobalt Powder can be classified as two types according to the purity, include 99.8% Grade, and 99.3% Grade. It can be widely used in many industries. Survey results showed that 40% of the Cobalt Powder market is Carbide industry, 32% is used in Superalloy industry. The downstream market demand is from Superalloy field.

The worldwide market for Cobalt Powder is expected to grow at a CAGR of roughly 8.8% over the next five years, will reach 960 million US$ in 2024, from 580 million US$ in 2019.

Market Segment by Manufacturers, this report covers
Umicore
Freeport Cobalt
Hanrui Cobalt
Green Eco-Manufacturer
Bailuoda (Umicore)

Market Segment by Type, covers
0.998
0.993
Other

Market Segment by Applications, can be divided into
Carbide
Superalloy
Battery
Magnetic Material
Other

Key Regions for this market: North America, Europe, APAC, Latin America, and the Middle East & Africa.

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Major Features:

The report provides a thorough analysis of some of the significant factors, which include cost, capacity, capacity utilization rate, production, revenue, production rate, consumption, import/export, supply/demand, gross, market share, CAGR, and gross margin. Besides, the report provides a comprehensive study of the key influencing factors and market inclinations, in addition to the relevant market segments and sub-segments.

Key Benefits:

1.The research report provides a detailed analysis of the Cobalt Powder Market along with the current and future growth prospects so as to shed light on the prominent investment pockets.

2.Information regarding key growth factors, constraints, and opportunities, along with their impact analysis on the Cobalt Powder Market is provided.

3.Porter’s fives forces analysis elaborates the effectiveness of buyers and suppliers operating in the market, globally and regionally.

4.The qualitative and quantitative analysis of the market from 2019 to 2024 is provided to put forth the market potential.

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Overall, this Cobalt Powder market research report depicts thorough overview of the market, which, in turn, will help the industry participants, consultants, equipment manufacturers, as well as the existing key players searching for potential growth opportunities and the stakeholders to align their market-centric strategies in view of the on-going and projected trends in the coming years.

Key questions answered in the report include:

What will the market size and the growth rate by the end of the forecast period?
What are the key industry trends impacting the growth of the market?
What are the key factors driving and restraining the Cobalt Powder market?
What are the challenges to market growth?
What are the market opportunities and threats faced by the key players in the market?
Who are the leading competitors functioning in the market for Cobalt Powder?
What are the key outcomes of Porter’s five forces analysis of the Cobalt Powder market?

Conclusion:

The report concludes with the profiles of major players in the Cobalt Powder Market. The foremost market performers are accessed on the basis of various parameters such as company overview, product portfolio, and do on., as well as the latest development trends of the Market.

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