Cobalt Market_PPT

1. COBALT MARKET 2020 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2027 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

2. COBALT MARKET 2020 Cobalt Market 2020: Industry Survey, Growth, CompetitiveLandscape and Forecasts to 2027 Cobalt is a chemical element found in the earth’s crust only chemically combined form. It is a free element which is produced by reductive smelting. Cobalt is a by-product of nickel and copper; therefore, most of the cobalt is produced by the production of nickel and copper. Pure metallic cobalt is a hard, lustrous, silver-gray metal and is traditionally used in several industrial applications including high-temperature superalloys (majorly in jet turbines), stainless steels, hard-facing products, medical prosthetics, and cemented carbides. In recent years, lithium-ion batteries have become an increasingly important end-use for cobalt owing to the development of the electric vehicle (EV) industry. www.marketresearchfuture.com

3. COBALT MARKET 2020 Study Objectives of Cobalt Market: • MRFR’s report also comprises an in-depth segmental analysis of the global cobalt market based on application and form. • Based on application, the market is segmented into battery chemicals, super alloys, ceramic and pigments, hard metals, magnets, binder materials, life science, and others. • The battery chemicals segment currently accounts for the leading share of the market. • This is primarily owing to the extensive use of cobalt in manufacturing rechargeable batteries for portable electronics devices (such as mobile phones, laptops, and tablets and e-mobility vehicles such as electric vehicles, hybrid vehicles, electric trains, and electric bikes). Sales of consumer electronic devices remains on an upward trajectory as digitization trends become more prominent. • On the basis of form, the market has been segmented into metal, chemical compound, and purchased scrap. Among these, the chemical compound segment is expected to retain the top position over 2023. Cobalt based chemical compounds find widespread usage in manufacturing of rechargeable batteries. They are also used as a colorant for porcelain, glass, pottery, tiles, and enamel wear. Enquiry of the Report: https://www.marketresearchfuture.com/enquiry/6549 www.marketresearchfuture.com

4. COBALT MARKET 2020 Regional Analysis Global Cobalt Market is studied with respect to five key regional markets—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The regional market of Asia-Pacific held the largest share of over 42% of the global market in 2018 and is projected to register the highest CAGR of around 8.5% during the review period. The prominent regional economies, including China, India, and Japan are the major drivers of the regional market. China is the largest lithium-ion battery manufacturer in the world and also among the leaders in the EV market. In May 2015, China announced the Made in China 2025 initiative, which demands Chinese domestic firms to acquire significant domestic and global market share within ten advanced technology industries by the year 2025. Two industries within this plan, namely new-energy vehicles (primarily EVs) and aerospace, are likely to positively affect demand for cobalt chemicals and metals in the years to follow. India, the other major country-level market, announced its goal to eliminate the sale of non-electric cars by 2030 and incentivize manufacturing of lithium ion batteries at the domestic level, which is further expected to propel the growth of the regional market during the review period. Browse Report @ https://www.marketresearchfuture.com/reports/cobalt-market-6549 www.marketresearchfuture.com

5. COBALT MARKET 2020 Application & Major Players in this Research: Cobalt Market Prominent Players: The prominent players in the global cobalt Umicore (Belgium), Glencore (Switzerland), Jinchuan Group International Resources Co.  Ltd (Hong Kong), Huayou Cobalt Co., Ltd (China), Freeport Cobalt (Finland), Sherritt International Corporation (Canada), BHP (Australia), Eramet (France), Vale (Brazil), VotorantimMetais SA (Brazil), and Sumitomo Corporation (Japan), among others. Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/6549 www.marketresearchfuture.com

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