openPR Logo
Press release

The Cobalt Sulphate Market To Rake In US$ 7.8 Bn Between 2021-2031

The Cobalt Sulphate Market To Rake In US$ 7.8 Bn Between 2021-2031

The global cobalt sulphate market is expected to accelerate at a CAGR of 8.2% over the forecast period of 2021-2031, and be valued above US$ 7.8 Bn.

Growth in demand for cobalt sulphate is due in major part to rising sales of electric vehicles in regions such as East Asia, North America, and Europe, as it is used in a big way in the batteries of EVs. Countries in Asia Pacific such as China, India, and ASEAN, among others, are expected to focus on supporting the manufacturing of vehicle batteries. With a growing global population, demand for food products is also rapidly rising. As such, soil additives are being highly sought-after to increase crop yield through high soil nutrition. Growing need for agricultural and food products is set to surge the demand for soil nutrition products and animal feed additives, thus stimulating demand for cobalt sulphate in the process.

To remain ‘ahead’ of your competitors, request for a samples@

https://www.persistencemarketresearch.com/samples/4418

Key Takeaways from Market Study
• China is one of the largest markets for cobalt sulphate owing to the strong presence of key end-use sectors in the country.
• Battery grade cobalt sulphate is most the widely used type, while demand for industrial and agricultural grades is projected to grow at a fast pace.
• Demand for cobalt-based agriculture feed and soil additives is expected to witness substantial growth over the forecast years of 2021 to 2031.

For critical insights on this market, request for ask an expert here @

https://www.persistencemarketresearch.com/ask-an-expert/4418

Competitive Landscape
According to the market research analysis, Umicore, PJSC MMC Norilsk Nickel, Freeport Cobalt Oy, Nicomet Industries Limited, Huayou Cobalt Co. Ltd., Nantong Xinwei Nickel & Cobalt Hightech Development Co., Ltd., Dalian Alt Cobalt & Nickel New Materials Manufacturing Co. Ltd, Jiayuan Cobalt Holdings Limited, INCASA SA, Ganzhou Tengyuan Cobalt New Material Co. Ltd, and Zhangjiagang Huayi Chemical Co., Ltd are identified as key cobalt sulfate manufacturers.
Market players are involved in strengthening the supply chain and entering into long-term strategic partnerships with raw material suppliers for continuous supply to counter fluctuations in the pricing of products.

Conclusion
Growth in electric vehicle sales, rising demand for batteries, and favorable governmental regulations, the global cobalt sulfate market is expected to witness substantial growth over the next ten years. However, limited availability of raw materials and fluctuations in pricing their raw materials are major concerns for market players.

For in-depth competitive analysis, buy now@

https://www.persistencemarketresearch.com/checkout/4418

Read More Trending “PMR Exclusive Article”
• Global Market Study on Alkyl Phenol Derivatives: https://www.persistencemarketresearch.com/market-research/alkyl-phenol-derivatives-market.asp

• Global Market Study on Deodorant and Antiperspirant Ingredients: https://www.persistencemarketresearch.com/market-research/deodorant-antiperspirant-ingredients-market.asp

Contact us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com

About us
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Cobalt Sulphate Market To Rake In US$ 7.8 Bn Between 2021-2031 here

News-ID: 2444956 • Views: 343

More Releases from Persistence Market Research

Connected Homes Market to Reach a Valuation Higher than US$ 138 Bn by 2026
Connected Homes Market 2021-2026 New Study Reports " Connected Homes Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2026" has been Added on PersistenceMarketResearch. Report Details: This report provides in depth study of “Connected Homes Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Connected Homes Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling,
Iot Market 2021: Global Projection by Key Players – IBM Corporation, Microsoft …
Iot Market 2021-2026 New Study Reports " Iot Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2026" has been Added on PersistenceMarketResearch. Report Details: This report provides in depth study of “Iot Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Iot Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the
Mobile Advertising Market 2021 Expected to reach US$ 120 Billion with 18.8% CAGR …
Mobile Advertising Market 2021-2025 New Study Reports " Mobile Advertising Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2025" has been Added on PersistenceMarketResearch. Report Details: This report provides in depth study of “Mobile Advertising Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Mobile Advertising Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling,
Building Automation Systems Market 2021 Expected to reach 248 Bn US$ with 11.3% …
Building Automation Systems Market 2021-2031 New Study Reports " Building Automation Systems Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2031" has been Added on PersistenceMarketResearch. Report Details: This report provides in depth study of “Building Automation Systems Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Building Automation Systems Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an

All 5 Releases


More Releases for Cobalt

Cobalt Powder Market Analysis to 2025 with Umicore, Freeport Cobalt, Hanrui Coba …
Up Market Research has recently added a new informative data to its extensive repository titled as Cobalt Powder market. It provides a clear understanding of the sector and has been scrutinized by using primary and secondary research techniques. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts. Technical expansions of the Cobalt Powder market have
Global Cobalt Tetroxide Market Research
The global cobalt market is highly fragmented with small and large vendors operating in a highly competitive market. The Global Cobalt Tetroxide Market Research is dominated by large global vendors who have a vast geographical presence with production facilities located worldwide. “The supply of Cobalt is expected to gain some momentum as a result of the increased production capacities of the key players such as Mirabela Nickel in Brazil, Tenke
Global Cobalt Powder Market Report 2018 Companies included Umicore, Freeport Cob …
We have recently published market research report on Cobalt Powder. For inquiry email us at: sales@marketreportscompany.com Report includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR. The report also provides detailed segmentation on the basis of product type, applications and regional segmentation. The regional segment is further
Cobalt Powder Global Market 2018: Key Players – Umicore, Freeport Cobalt, Hanr …
Cobalt Powder Industry Description Wiseguyreports.Com Adds “Cobalt Powder -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database This report researches the worldwide Cobalt Powder market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions.  This study categorizes the global Cobalt Powder breakdown data by manufacturers, region, type and application, also analyzes the market status, market
Global Cobalt(II,III) Oxide Market Forecast 2018-2025 Umicore,Huayou Cobalt ,Fre …
Research Report 2018-2025 on "Global Cobalt(II,III) Oxide Market" which provides an outlook of current market value of Cobalt(II,III) Oxide Market as well as the expected forecast of Rate on Investment (ROI) with growing CAGR of XX% in Cobalt(II,III) Oxide Market by the end of 2025. The report on the global Cobalt(II,III) Oxide market uses the top-down and bottom-up approaches to define, analyze, and describe the Cobalt(II,III) Oxide market 2018 trends
Global Cobalt Carbonate Market 2018 - Jiangsu Cobalt Nickel, Umicore, Freeport C …
The statistical surveying information incorporated into the Cobalt Carbonate report is the aftereffect of significant essential and optional research exercises. The report fragments the worldwide market for Cobalt Carbonate based on makers, item compose, applications, and Region. In this report, each fragment is contemplated completely and measurements are introduced in detail. The report offers an exact outline of the worldwide Cobalt Carbonate advertise covering key factors, for