Press release
Global Cobalt Sulphate Market size to surpass $1.9 billion by 2030, Exhibiting a CAGR of 6.4% from 2021 to 2030
Cobalt Sulphate Market
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The cobalt sulphate market analysis is done on the basis of application and region. On the basis of applications, the market is segmented intoalloys, magnets, hard materials, catalyst, inks & dyes, batteries, and others.. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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.
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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Key benefits for stakeholders
Porter's five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
It outlines the current cobalt sulphate market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
The profiles of key players and their key strategic developments are enlisted in the report.
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By Application
Alloys
Magnets
Hard Materials
Catalyst
Inks and Dyes
Batteries
Others
The research offers a detailed segmentation of the global sulphate market. Key segments analyzed in the research include type, process, shell material, application, end user and geography. Extensive analysis of sales, revenue, growth rate, and market share of each type, process, shell material, application and end user for the historic period and the forecast period is offered with the help of tables.
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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