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What are the top Companies Cobalt Sulphate Market? | Key Players are Jervois Finland, Norilsk Nickel, Umicore, Hunter Chemical LLC, Jiayuan Cobalt, Merck KGaA
Cobalt Sulphate Market
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According to the report published by Allied Market Research, the global cobalt sulphate market generated $1.0 billion in 2020, and is projected to exceed $1.9 billion by 2030, witnessing a CAGR of 6.4% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Based on application, the batteries segment held the largest market share in 2020, holding half of the total market share, and is expected to continue its leadership status during the forecast period. However, the magnets segment is projected to register the highest CAGR of 7.1% from 2021 to 2030.
By Application
Alloys
Magnets
Hard Materials
Catalyst
Inks and Dyes
Batteries
Others
Based on region, LAMEA contributed to the highest share in terms of revenue in 2020, holding nearly half of the total market share, and is estimated to continue its dominant share by 2030. Moreover, the same region is projected to manifest the fastest CAGR of 7.2% during the forecast period.
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COVID-19 scenario:
The outbreak of the COVID-19 pandemic led to global lockdown and temporary closure of a number of industry verticals, thereby affecting the overall growth of the global cobalt sulphate market.
It further disrupted the whole supply chain, leading to difficulty in the supply of raw materials, which in turn, affected the market demand.
However, the global cobalt sulphate market is expected to recover soon.
Key players in the global cobalt sulphate market are:
Jervois Finland
Ganzhou Tengyuan Cobalt Industrial Co. Ltd.
Zhangjiagang Huayi Chemical Co. Ltd.
Nantong Xinwei Nickel & Cobalt Hightech Development Co. Ltd.
Norilsk Nickel
Umicore
Hunter Chemical LLC
Jiayuan Cobalt Holdings Limited
Merck KGaA
Jinchuan Group International Resources Co. Ltd.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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