Cobalt Oxide Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Global Cobalt Oxide Market
Cobalt(II,III) oxide is an inorganic compound with the formula Co3O4. It is one of two well characterized cobalt oxides. It is a black antiferromagnetic solid. As a mixed valence compound, its formula is sometimes written as CoIICoIII2O4 and sometimes as CoO•Co2O3.
Cobalt(II) oxide or cobalt monoxide is an inorganic compound that appears as olive-green to red crystals, or as a greyish or black powder. It is used extensively in the ceramics industry as an additive to create blue colored glazes and enamels as well as in the chemical industry for producing cobalt(II) salts.

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Cobalt (III) oxide is the inorganic compound with the formula of Co2O3. Although only two oxides of cobalt are well characterized, CoO and Co3O4, procedures claiming to give Co2O3 have been described. Thus treatment of Co(II) salts such as cobalt(II) nitrate with an aqueous solution of sodium hypochlorite (also known as bleach) gives a black solid. Some formulations of the catalyst hopcalite contain "Co2O3".
The global Cobalt Oxide market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Cobalt Oxide is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Cobalt Oxide is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Cobalt Oxide include Umicore, OMG, Freeport, KLK, Huayou Cobalt, Jinchuan Group, COBOTO, Galico and Haina New Material, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Cobalt Oxide, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cobalt Oxide.
The Cobalt Oxide market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Cobalt Oxide market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Cobalt Oxide manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

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Key Segmentations
By Company
• Umicore
• OMG
• Freeport
• KLK
• Huayou Cobalt
• Jinchuan Group
• COBOTO
• Galico
• Haina New Material
• Dongxin Energy
Segment by Type
• Cobalt(II) oxide(cobaltous oxide), CoO
• Cobalt(III) oxide(cobaltic oxide), Co2O3
• Cobalt(II,III) oxide, Co3O4
Segment by Application
• Lithium-ion Battery
• Varistor
• Hard Alloy
• Catalyst
• Other

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