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Cobalt Market PDF

Cobalt is a chemical element found in the earthu2019s 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.

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Cobalt Market PDF

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  1. Cobalt Market Research Report - Global Forecast till 2027 Cobalt Market Research Report - Global Forecast till 2027 P a g e | 1 Copyright © 2017 Market Research Future.

  2. Cobalt Market Research Report - Global Forecast till 2027 1Summary 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. Key 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), Votorantim Metais SA (Brazil), and Sumitomo Corporation (Japan), among others. P a g e | 2 Copyright © 2017 Market Research Future.

  3. Cobalt Market Research Report - Global Forecast till 2027 2Market Overview Cobalt is also used in manufacturing several types of metal alloys such as magnetic alloys, superalloys and wear- resistant alloys. Cobalt has high-temperature resistance and a high melting point which makes it an apt material for products that incur frequent heating. Moreover, the tough nature of the material also means that cobalt-based product can endure a certain degree of rough-handling. Cobalt-based superalloys are used in gas turbines, spacecraft, rocket motors, nuclear reactors, power plants, and chemical equipment. However, the high cost of mining and refining of cobalt is likely to have an impact on investor confidence in the cobalt industry. Regional Analysis: Global Cobalt Market has been covered across regions such as North America, Asia Pacific (APAC), Europe, the Middle East & Africa (MEA) and South America. Asia Pacific is a highly active cobalt market, with China topping the list as the most attractive investment destination. While the African nation Congo (Democratic Republic of the Congo) remains the largest producers of cobalt, China takes the lead when it comes to refining and processing of the metal. Moreover, China has also emerged as the major electronic device manufacturing hub, making it an important market for various industrial materials including cobalt. P a g e | 3 Copyright © 2017 Market Research Future.

  4. Cobalt Market Research Report - Global Forecast till 2027 3Pages Segmentation 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. Intended Audience  Cobalt Producers/Miners  Suppliers and traders of Cobalt  Government, associations, and industrial bodies  Investors and trade experts  Consulting in chemical experts P a g e | 4 Copyright © 2017 Market Research Future.

  5. Cobalt Market Research Report - Global Forecast till 2027 P a g e | 5 Copyright © 2017 Market Research Future.

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