Press release
Cobalt Market witnessed a demand of 115.53 Kilo tons in 2021, and it is projected to grow at a CAGR of 9% during the forecast period. The market is expected to reach a volume of 230.21 Kilo tons by 2029
Cobalt Market
The report offers an extensive analysis of the cobalt market, including its applications, market dynamics, supply chain, and competitive landscape. It covers the key regions, namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, providing a comprehensive understanding of the market on a global scale.
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The research methodology employed for this report involves extensive primary and secondary research. Primary research includes interviews with industry experts, market players, and stakeholders, while secondary research involves the collection and analysis of data from various reliable sources such as company websites, annual reports, and government publications.
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What are Cobalt Market Dynamics:
The cobalt market is driven by the increasing demand for cobalt in the battery industry, particularly for lithium-ion batteries used in electric vehicles. The growing adoption of electric vehicles worldwide is expected to contribute to the rising demand for cobalt in the coming years. Additionally, the emergence of cobalt futures and the potential for recycling cobalt to address market shortfalls are also driving the market growth.
The cobalt industry has faced criticism for the high societal and environmental costs associated with upstream extraction, particularly in the Democratic Republic of Congo. Such concerns may pose challenges to the market growth and lead to increased scrutiny and regulations.
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Rising Demand from the Battery Industry: The battery industry plays a vital role in driving the demand for cobalt. With the increasing adoption of electric vehicles (EVs) and the growing need for energy storage solutions, the demand for cobalt in lithium-ion batteries is witnessing significant growth. Cobalt is a crucial component in the cathode material of these batteries, making it essential for the energy transition and the development of sustainable transportation.
Technological Advancements: Technological advancements in battery technologies and the development of cobalt-based materials are driving the market. Innovations such as lithium-nickel-cobalt-aluminum oxide (NCA) and lithium-nickel-manganese-cobalt oxide (NMC) batteries offer improved performance, longer lifespan, and higher energy densities. These advancements enhance the efficiency and reliability of batteries, further increasing the demand for cobalt.
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What is 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
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Who are Cobalt Market Key Players:
• Glencore plc (Switzerland)
• Umicore (Belgium)
• Vale S.A. (Brazil)
• Jinchuan Group Internation Resources Co. Ltd. (Hong Kong)
• Huayou cobalt Co Ltd (China)
• Freeport cobalt (Finland)
• Sherrit International Corporation (Canada)
• BHP (Australia)
• Eramet (France)
• Votorantim Metals SA (Brazil)
• Sumitomo Corporation (Japan)
• CMOC International
• Missouri Cobalt, LLC
• China Molybdenum Co., Ltd.
• Norilsk Nickel
• GEM Co., Ltd.
• Yantai Cash Industrial Co Ltd.
• Horizonte Minerals
• Jervois Mining
• FLEURETTE PROPERTIES LIMITED
Table of content for the Cobalt Market includes:
1. Global Cobalt Market: Research Methodology
2. Global Cobalt Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Cobalt Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Cobalt Market Segmentation
• Global Market, by Application (2021-2029)
• Global Market, by Form(2021-2029)
• Global Market, by End User(2021-2029)
5. Regional Cobalt Market(2021-2029)
• Global Market, by Application (2021-2029)
• Global Market, by Form(2021-2029)
• Global Market, by End User(2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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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.
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You can edit or delete your press release Cobalt Market witnessed a demand of 115.53 Kilo tons in 2021, and it is projected to grow at a CAGR of 9% during the forecast period. The market is expected to reach a volume of 230.21 Kilo tons by 2029 here
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