Cobalt Market growth graph to witness upward trajectory during 2029

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 report is a clear presentation of the past, current and future conditions of the global Cobalt market. The PORTER and PESTLE helps to understand Cobalt industry through different perspectives including economic, political, etc.

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Cobalt Market Report Scope and Research Methodology

The report covers the Cobalt Market most recent trends. It provides a Cobalt market overview, definition, and structure, along with preventative and pre-planned management. The major focus of the report is on factors that affect the Cobalt Market, such as gross margin, market share, cost, capacity utilization, demand and supply. The report provides the market size and share, which helps in understanding the industry and the estimates provided on upfront data and statistics makes the report a very valuable guide for individuals dealing with decision-making processes in the Cobalt market. The report includes the major market players in the global Cobalt market in terms of their size, market share, revenue, production volume, and profitability. The report includes growth strategies being used by market players, including strategic alliances, and new product innovation, and helps to understand competitor pricing in the Cobalt industry. SWOT analysis was used to present strengths, weaknesses, opportunities and threats in the Cobalt industry.

Cobalt Market Regional Insights

The report has been segmented into many key countries, including market size, CAGR, import and export of Cobalt market in the different countries mentioned in the report. The regions and their countries studied are: North America (U.S., Canada, Mexico),  Europe (UK, Germany, France, Spain, Rest of Europe),  Asia Pacific (China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC), South America (Brazil), Middle East and Africa.

Cobalt Market Segmentation

by Application

• Battery Chemicals
• Super alloys
• Ceramics and pigments
• Hard metals
• Magnet
• Binder Materials
• Life Science
• Others

Cobalt alloys are utilised in industrial products such airbags for cars, catalysts, and cutting tools. The majority of cobalt alloys used in cutting tools are hard ones. The US, Russia, Sweden, and France are the nations that produce hard alloys. China produces the most hard alloys globally, with a 38% market share, followed by Europe with 26%.

by Form

• Metal
• Chemical compound

by End User

• Alloys
• Magnets
• Hard Materials
• Catalyst
• Inks and Dyes
• Batteries
• Others

By Country - Although cobalt is widely dispersed and ranks as the 33rd most common metal in the earth's crust, it is only found in significant quantities in roughly 20 nations globally. In 2021, there were approximately 7.1 million tonnes of cobalt reserves in the Democratic Republic of the Congo (DRC or Congo), Zambia, Cuba, Australia, and other nations. With a cobalt deposit of 3.4 million tonnes, the Democratic Republic of the Congo led the world. Australia and Cuba came in second and third, with 1.1 million tonnes and 0.5 million tonnes, respectively.

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Cobalt Market 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

Key Questions answered in the Cobalt Market Report are:

• What are the factors driving the Cobalt market growth?
• What are the factors restraining the Cobalt market growth?
• What is the expected Cobalt market size by the end of the forecast period?
• Who are the Cobalt key players in the industry?
• Which region is expected to grow at a high CAGR during the forecast period?
• Which region held the largest Cobalt market share?

Key Offerings:

• Past Market Size and Competitive 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
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive 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

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