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Global Cobalt Market Size Worth USD 20,346.2 Million By 2030 | CAGR 10.90%: Infinium Global Research

Global Cobalt Market Size Worth USD 20,346.2 Million By 2030 |

Infinium Global Research proudly presents an in-depth report delving into the dynamics of the Global Cobalt Market. This comprehensive study offers a meticulous analysis of various segments and sub-segments within the cobalt industry, shedding light on market trends, forecasts, and dollar values. The global cobalt market was valued at USD 9025.4 Million in 2022 and is expected to reach USD 20,346.2 Million by 2030 and grow at a CAGR of 10.90% over the forecast period.

To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/3530

Key Insights from the Report:

Cobalt in Rechargeable Batteries: Cobalt is a crucial component in rechargeable batteries, with approximately 50% of the global cobalt production finding its place in these batteries. The burgeoning demand for lithium-ion batteries, particularly in portable and wearable electronics, is a significant driver for the cobalt market.

Market Drivers: The surging demand for electric vehicles (EVs) is a key driver propelling the cobalt market, given cobalt's essential role in battery production. Major manufacturers in the automotive and electronics sectors are seeking to secure cobalt supplies for their supply chains, further boosting market growth.

Asia-Pacific Dominance: Asia-Pacific leads the cobalt market share, driven by the rapid growth of consumer electronics and automotive industries. Increased cobalt applications in various sectors such as oil & gas, chemical, and semiconductor manufacturing further contribute to market expansion in this region.

Challenges and Opportunities: While the demand for cobalt is soaring, concerns regarding cobalt mining conditions, environmental sustainability, and supply chain security have led to a growing focus on the production of cobalt-free batteries. The shift towards cobalt-free alternatives poses challenges to the cobalt market while opening doors for recycling initiatives that promise favourable growth opportunities.

Recycling as a Solution: With the rising demand for cobalt, recycling initiatives are gaining traction. Recycling cobalt from spent electric car batteries and other sources emerges as a promising solution to bridge the gap between supply and demand, contributing significantly to the circular economy.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Cobalt Market Highlights

2.2. Cobalt Market Projection

2.3. Cobalt Market Regional Highlights

Chapter 3. Global Cobalt Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter's Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Application

3.4.2. IGR-Growth Matrix Analysis by End User

3.4.3. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Analysis of Cobalt Market

Chapter 4. Cobalt Market Macro Indicator Analysis

Chapter 5. Global Cobalt Market by Application

5.1. Alloys

5.2. Batteries

5.3. Catalysts

5.4. Pigments and Coloring

5.5. Radioisotopes

5.6. Other Uses

Chapter 6. Global Cobalt Market by End User

6.1. Oil & Gas

6.2. Chemical

6.3. Automotive

6.4. Pharmaceuticals

6.5. Aerospace & Defense

6.6. Healthcare

6.7. Electronics

6.8. Construction

6.9. Transportation

Chapter 7. Global Cobalt Market by Region 2023-2030

7.1. North America

7.1.1. North America Cobalt Market by Application

7.1.2. North America Cobalt Market by End User

7.1.3. North America Cobalt Market by Country

7.2. Europe

7.2.1. Europe Cobalt Market by Application

7.2.2. Europe Cobalt Market by End User

7.2.3. Europe Cobalt Market by Country

7.3. Asia-Pacific

7.3.1. Asia-Pacific Cobalt Market by Application

7.3.2. Asia-Pacific Cobalt Market by End User

7.3.3. Asia-Pacific Cobalt Market by Country

7.4. RoW

7.4.1. RoW Cobalt Market by Application

7.4.2. RoW Cobalt Market by End User

7.4.3. RoW Cobalt Market by Sub-region

Chapter 8. Company Profiles and Competitive Landscape

8.1. Competitive Landscape in the Global Cobalt Market

8.2. Companies Profiles

8.2.1. Glencore plc

8.2.2. Fleurette Group

8.2.3. Vale S.A.

8.2.4. Gécamines SA

8.2.5. China Molybdenum Company Limited

8.2.6. Jinchuan Group Ltd.

8.2.7. Eurasian Resources Group S.à r.l.

8.2.8. Huayou Cobalt Co., Ltd.

8.2.9. Jiangsu Cobalt Nickel Metal Co., Ltd.

8.2.10. Shenzhen Green Eco-Manufacture Hi-tech Co., Ltd.

8.2.11. Sumitomo Metal Mining Co., Ltd.

More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/reports/enquiry/3530

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of Cobalt.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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About Infinium Global Research:

Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.

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