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Overview of the Global Cobalt Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Global Cobalt Market By Application (Battery Chemicals, Super Alloys, Catalyst, Ceramics & Pigments, Binder Materials), By Form (Chemical Compound, Metal, Purchased Scrap), By End User (Electronics, Aerospace, Automotive, Chemical, Pharmaceutical, Others), The Global Cobalt Market size is estimated to grow at a CAGR of around 6.2% during the forecast period, i.e., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Global Cobalt Market Growth and Scope:
Base Year: 2023
Forecast Period: 2024-2030
Historical Data: 2019-22
CAGR (2024-2030): 6.2%
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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.
A Comprehensive Analysis of Leading Companies of Cobalt Market by MarkNtel Advisors:
- Glencore Plc
- Missouri Cobalt
- Jinchuan Group International Co., Ltd
- CMOC Group
- Eurasian Resources Group
- Huayou Cobalt
- Sumitomo Cobalt Mining
- Cobalt Blue Holdings Limited
- Panoramic Resources Ltd.
- Sherritt International
- Nornickel
- Nickel 28 Capital Corp.
- Groupe Managem
- Carter Alloy Company
- Others
Key Cobalt Market Segmentation:
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/cobalt-market.html
-By Application
- Battery Chemicals
- Super Alloys
- Catalyst
- Ceramics & Pigments
- Binder Materials
Battery Chemicals segment is leading the Global Cobalt Market. The escalating demand for electric vehicles (EVs) globally has subsequently increased the demand for metallic cobalt.
-By Form
- Chemical Compound
- Metal
- Purchased Scrap
Cobalt is majorly used in its metal form and dominates the other form type. Cobalt is widely used in battery production which uses a huge amount of cobalt in metal.
-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
Geographical Analysis
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Asia-Pacific holds a significant market share in the Global Cobalt Market and is expected to dominate the market in the forecast period as well.
Key Reports 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
Contact Our Analysts for Brochure Requests, Customization, or Any Pre-Purchase Inquiries: https://www.marknteladvisors.com/query/request-customization/cobalt-market.html
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
Note: If you need additional information not included in the report, we can customize it to suit your requirements.
About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 6.20+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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