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
Maximize Market research, a global Healthcare market research firm, has published competitive intelligence market research report on Cobalt Market The Cobalt market revenue is expected to grow at a CAGR of percent from 2022 to 2029, reaching USD Cobalt bn during the forecast period. The Cobalt market overview gives thorough details about the size of the market, trade statistics, leading players in the industry, technical advancement key segments etc.
Cobalt Market Report Scope and Research Methodology
Maximize Market Research has collected the data through Primary research surveys from Cobalt dealers, suppliers and producers. The company’s annual reports and secondary sources, such as reliable paid and free databases are carefully examined to verify the facts for the Cobalt market report. The scope of the research includes the analysis of market dynamics, regulations, segments & industry rivalry.
The report is equipped with a competitive analysis of the Cobalt Market players. Key players and new entrants in the market are listed together to provide a thorough analysis. The Cobalt Market was analysed by region, revenue, financial status, portfolio, technological advancement adopted, and mergers and acquisitions. The new entrants & existing players in Cobalt market were researched for growth prospects and future business outlooks. The analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the Cobalt market for formulating investment approaches and marketing tactics. Bottom-up approach was used to estimate the Cobalt market size.
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Cobalt Market Regional Insights
The Regional Analysis in the report helps to understand the potential of the Cobalt market in various countries. All the factors affecting the regional Cobalt market have been included in the report. The report includes a detailed explanation of all the factors, market size, growth rate, and import and export in all the regions. The regions covered in the section include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East, and Africa
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Cobalt Market 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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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 Automotive Relay Market are:
- What is the expected Cobalt Market size by the end of the forecast period?
- What are the global trends in the Cobalt Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Cobalt Market?
- How is the intervention from regulatory authority is shaping the Cobalt Market?
- What growth strategies are the players considering to increase their presence in Cobalt Market?
- Who held the largest market share in Cobalt Market?
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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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, competition analysis, production and demand analysis, and client impact studies.
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