According to the latest market research report title “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), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific)–Forecast to 2024″, published by MarkNtel Advisors, 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 data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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Global Cobalt Market Challenge:
Government Regulations on Cobalt Export Impeding the Market Growth – The import and export of cobalt for further extraction and refining is restraining the market growth. The Democratic Republic of Congo (DRC) issued an order from the Mines Ministry to ban the export of Cobalt concentrate. The ban on cobalt put pressure on the global supply of cobalt and hindered the end user industry. The ban poses a challenge for the Electric vehicle industry for its growth. Cobalt is widely used for many applications such as aircraft engines, EV batteries, and many more. The end-users are the most affected by the imposition of a ban on cobalt export. Thereby, hindering the Global Cobalt market.
COBALT Market Segmentation
The COBALT Market is highly robust and fragmented into numerous segments; –
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
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Key Players Operating in the COBALT Market: –
Nickel 28 Capital Corp.
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Groupe Managem
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Carter Alloy Company
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Key Questions Answered:
- What is the projected CAGR of the COBALT Market during the forecast period?
- Which segment is expected to lead the COBALT Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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