Market Overview: Cobalt Market FY24-30
This reports provides an essential and dependable overview of the Cobalt Market, serving as a guide for stakeholders navigating the industry’s future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Cobalt Market Report Coverage Details:
- Base Year: 2023
- Historical Data: 2019-22
- Forecast Period: 2024-2030
- CAGR: 6.2% (2024-2030)
The Global Cobalt Market size is estimated to grow at a CAGR of around 6.2% during the forecast period, i.e., 2024-30.
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Cobalt Market Trend:
The Increasing Inclination of the Aerospace Industry Towards Cobalt-Based Alloys for Engines – In recent years, there has been a rise in the usage of cobalt metal to make super alloys in the aerospace industry for making gas turbines aircraft engines, rocket motors, etc. Cobalt is widely employed in jet aircraft, such as in brakes and wheels, due to its stability at high temperatures, corrosion, and wear-and-tear resistance. The aviation industry is using cobalt to make parts that are frequently exposed to high concentrations of heat. Due to these factors, the aviation industry is widely deploying cobalt in aircraft. Hence, as a result, the demand for cobalt in the aviation industry is increasing and will continue to increase in the forthcoming years due to its several properties.
Cobalt Market Segmentation Analysis – FY24-30
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Cobalt Market (2024-30). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Cobalt Market segmentation is enlisted below:
By Application
- Battery Chemicals – Market Size & Forecast 2019-2030F, Thousand Tons
- Super Alloys- Market Size & Forecast 2019-2030F, Thousand Tons
- Catalyst – Market Size & Forecast 2019-2030F, Thousand Tons
- Ceramics & Pigments- Market Size & Forecast 2019-2030F, Thousand Tons
- Binder Materials- Market Size & Forecast 2019-2030F, Thousand Tons
By Form
- Chemical Compound- Market Size & Forecast 2019-2030F, Thousand Tons
- Metal- Market Size & Forecast 2019-2030F, Thousand Tons
- Purchased Scrap- Market Size & Forecast 2019-2030F, Thousand Tons
By End User
- Electronics- Market Size & Forecast 2019-2030F, Thousand Tons
- Aerospace- Market Size & Forecast 2019-2030F, Thousand Tons
- Automotive- Market Size & Forecast 2019-2030F, Thousand Tons
- Chemical- Market Size & Forecast 2019-2030F, Thousand Tons
- Pharmaceutical- Market Size & Forecast 2019-2030F, Thousand Tons
- Others (Oil & Gas)- Market Size & Forecast 2019-2030F, Thousand Tons
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By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Cobalt Market Competitive Landscape
Glencore Plc., Missouri Cobalt, Jinchuan Group International Ltd., CMOC Group, Eurasian Resources Group, Huayou Cobalt, Sumitomo Cobalt Mining, Cobalt Blue Holdings, Panoramic Resources Ltd., Sherritt International, Nornickel, Nickel 28 Capital Corp., Groupe Managem, Carter Alloy Company, Others.
Cobalt Industry News:
- 2022:Glencore Plc, announced a strategic partnership with Li-Cycle Holdings Corp. a lithium-ion battery recycler in North America to recycle battery raw material to produce battery-grade end products.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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