Description:-
Higher demand for lithium particle batteries keeps on driving the worldwide supply of cobalt. Lithium particle batteries are right now the standard power supply segment utilized in electronic gadgets and vehicles. Cobalt providers are looking for new sources to satisfy the rising need for the metal. In 2017, 106.5 KT of cobalt was devoured all around, with a dominant share of production taking into account battery substance producing applications. The worldwide market size of cobalt is anticipated to extend at a CAGR of 8.25% amid the gauge time frame (2018-2023). The standpoint towards the cobalt business is certain however supply variances may get a few headwinds. A lack for the metal is very prominent later on as interest is probably going to develop at a better than expected rate throughout the following quite a long while. Far-reaching application in large scale divisions, for example, gadgets, and car makes cobalt a looked for after industrial material.
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Market segmentation
Global Cobalt Market is classified on the basis of its form, application, and regional demand. Based on its form, the Global Cobalt Market is segmented into metal, chemical compound, and purchased scrap. On the basis of its application, the Global Cobalt Market is bifurcated into superalloy, battery chemicals, ceramic & pigments, magnets, hard metals, binder material, and life science.
Regional analysis
Geographically, the Global Cobalt Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Major players
Sherritt International Corporation, Sumitomo Corporation, Freeport Cobalt, Vale, and BHP, Glencore, Umicore, Huayou Cobalt Co. Ltd., Eramet, Votorantim Metals SA, Jinchuan Group International Resources Co. Ltd, among others, are some of the major players in the Global Cobalt Market.
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Table Of Contents – Major Key Points
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increase in electric vehicle demand coupled with battery consumption
4.2.2 Growing use of cobalt for metallurgical uses primarily in high-temperature alloys
4.2.3 Drivers Impact Analysis
4.3 Restraint
4.3.1 High Cost of Cobalt
4.3.2 Restraints Impact Analysis
4.4 Opportunities
4.4.1 Rising Application of Cobalt in Medical Sector
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Cobalt Manufacturers
5.1.3 Distribution Channel
5.1.4 Applications
5.2 Porter’s Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Threat of Rivalry
5.2.3 Threat of Substitutes
5.2.4 Bargaining Power of Suppliers
5.2.5 Bargaining Power of Buyers
6 Global Cobalt Market by Form
6.1 Introduction
6.2 Chemical Compound
6.3 Metal
6.4 Purchased Scrap
Continued……
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