Cobalt Market demand in 2021 of 115.53 Kilo tons and the Cobalt market is grow at CAGR 9%, and it is expected to reach 230.21 Kilo tons by 2029.
Cobalt Market Overview:
The goal of this research is to give a comprehensive analysis of the Cobalt Market by component, application, industry, and geography. The paper goes into great detail on the major variables impacting the growth of the Cobalt market. The report also provides a thorough examination of the market’s value chain.
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Market Scope:
The “Global Cobalt Market Analysis” is a detailed investigation of the Cobalt market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the Cobalt market as well as detailed market segmentation based on connection type, end-use, and geography. The Cobalt market is expected to grow substantially over the forecast period. The study contains critical information on the market positions of the leading Cobalt players, as well as noteworthy industry trends and opportunities.
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Secondary research is used to examine and forecast the Cobalt market, and it begins with sources that gather revenue data from important suppliers. When estimating market segmentation, vendor offerings are also taken into account. Using the income of key firms, the whole size of the Cobalt market was determined using the bottom-up technique.
Segmentation:
Cobalt is metal that is used as a raw material for manufacturing Lithium-ion batteries, Cutting tools, magnetic materials, petrochemical catalysts etc. 98 % of cobalt is a by-product of nickel. In 2021 the cobalt world trade was US $ 4.83 Bn in that top exporter is Democratic Republic of Congo holding the market of US $ 1.91 Bn and Top Importer were China (the US $ 2.13 Bn). The ranking of Cobalt in the Product Complexity Index is 875th. The cobalt industry has been criticized for the high societal cost of upstream extraction, particularly in the Democratic Republic of Congo. In 2021, the DRC is estimated to contribute around 69 % of mined cobalt.
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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
Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Cobalt Market:
The COVID-19 outbreak has affected industries such as aerospace and defense, agriculture, autos, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. COVID-19 has had an influence on the Cobalt market as a whole, as well as the growth rate in 2019-2020 as the impact of COVID-19 spreads. Our most recent investigation, viewpoints, and pieces of administration expertise are vital to the firms and associations in the Cobalt sector, which is driving through the COVID-19 emergency to handle risk digitizing tasks in order to communicate trustworthy data and experiences to CEOs.
Key Questions Answered in the Cobalt Market Report are:
- Which segment grabbed the largest share in the Cobalt market?
- What is the competitive scenario of the Cobalt market in 2021?
- Which are the key factors responsible for the Cobalt market growth?
- Which region held the maximum share in the Cobalt market in 2021?
Key Offerings:
- Past Market Size and ComSCR Power Controlleritive 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 segment with their sub-segments and Region
- ComSCR Power Controlleritive Landscape – Profiles of selected key players by region from a strategic perspective
- ComSCR Power Controlleritive landscape – Market Leaders, Market Followers, Regional player
- ComSCR Power Controlleritive 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
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, comSCR Power Controllerition analysis, production and demand analysis, and client impact studies.
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