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Cobalt Market Growth, Industry Size-Share, Global Trends, Trends and Forecast, Scenario, Challenges by 2029

54GGTH

54GGTH

Cobalt Market was valued at USD 8634.52 million in 2021 and is expected to reach USD 22792.39 million by 2029, registering a CAGR of 12.90% in 2022-2029. The increased demand for new energy vehicle-use batteries is further aiding the growth of the cobalt industry, globally. Batteries have become an increasingly prominent end-use for cobalt, which has significantly increased recently.

Asceses Full report@ https://www.databridgemarketresearch.com/reports/global-cobalt-market

Cobalt has major applications as a battery chemical. It is also highly valued as a catalyst. It also has wide applications in the production of turbine blades for jet engines, exhaust valves, gun barrels, and permanent magnets, as well as in the production of hard facing machine parts. It is also used in implants, including orthopaedic, dental implants, and prosthetic hips and knees. Thus, based on its applications, its market can be segmented into:
• Batteries
• Alloys
• Tool Materials
• Catalysts
• Pigments
• Magnets
• Soaps
• Others
Related Report@-
https://databridgeshilp.blogspot.com/2023/06/immuno-ivd-market-growth-industry-size.html
https://databridgeshilp.blogspot.com/2023/06/hydration-containers-market.html
https://databridgeshilp.blogspot.com/2023/06/led-phototherapy-equipment-market.html
https://databridgeshilp.blogspot.com/2023/06/malaria-diagnostics-market-growth.html

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