Global Cobalt Hydroxide Market
Cobalt Hydroxide is a highly water insoluble crystalline Cobalt source for uses compatible with higher basic pH environments. Cobalt II hydroxide is most used as a drying agent for paints, varnishes, and inks, in the preparation of other cobalt compounds, as a catalyst and in the manufacture of battery electrodes. The report covers refined cobalt hydroxide with a refined cobalt content of over 61%.
Refined cobalt hydroxide is widely used in cobalt compounds, paint drying agent, ink drying agent and electrode materials. According to the this survey, the cobalt compound preparation application has a market share of 34.06%, while the drying agent has the second largest application share.
Vendors should recognize the importance of emerging markets and potential applications, particularly in Asia Pacific, and are working towards penetrating this market by strengthening their sales and distribution networks. In the future, We predict that more and more companies will join the industry due to its potential market size. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
According to this study, over the next five years the Cobalt Hydroxide market will register a 0.4% CAGR in terms of revenue, the global market size will reach US$ 640.5 million by 2024, from US$ 627.1 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Cobalt Hydroxide business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Cobalt Hydroxide market by product type, application, key manufacturers and key regions and countries.
This study considers the Cobalt Hydroxide value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Industrial Grade
Battery Grade
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Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Cobalt Compound Preparation
Drying Agent In Paints/Inks
Battery Electrode Manufacturing
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Freeport Cobalt
The Shepherd Chemical Company
Umicore
Huayou Cobalt
Great Power
Hanrui Cobalt
Xinwei Nickel & Cobalt
ALT Cobalt & Nickel Products
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Cobalt Hydroxide consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Cobalt Hydroxide market by identifying its various subsegments.
Focuses on the key global Cobalt Hydroxide manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Cobalt Hydroxide with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Cobalt Hydroxide submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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