The Global Cobalt Hydroxide Market to show 9.1% CAGR from 2021-27

The global Cobalt Hydroxide market was valued at US$ 97.3 million in 2020 and it is expected to reach US$ 252 million by the end of 2027, growing at a CAGR of 9.1% during 2021-2027.

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%.

Global key players of Cobalt Hydroxide include Umicore, Huayou Cobalt, Freeport Cobalt, Great Power and ICoNiChem, etc. Top two players occupy for a share about 58%. Asia Pacific is the largest market, with a share about 68%, followed by North America and Europe. In terms of product, Industrial Grade is the largest segment, with a share over 83%. In terms of application, Cobalt Compound Preparation is the largest market, with a share over 66%.

Global Cobalt Hydroxide Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Cobalt Hydroxide Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Freeport Cobalt, The Shepherd Chemical Company, Umicore, Huayou Cobalt, Great Power, Hanrui Cobalt, Xinwei Nickel & Cobalt, ALT Cobalt & Nickel Products, ICoNiChem and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-cobalt-hydroxide-market-research-report

Segment by Type

  • Industrial Grade
  • Battery Grade

Segment by Application

  • Cobalt Compound Preparation
  • Drying Agent In Paints/Inks
  • Battery Electrode Manufacturing
  • Others

Table of Content:

1 Cobalt Hydroxide Market Overview

2 Cobalt Hydroxide Market Competition by Manufacturers

3 Cobalt Hydroxide Retrospective Market Scenario by Region

4 Global Cobalt Hydroxide Historic Market Analysis by Type

5 Global Cobalt Hydroxide Historic Market Analysis by Application

6 Key Companies Profiled

7 Cobalt Hydroxide Manufacturing Cost Analysis

8 Marketing Channel, Distributors and Customers

9 Cobalt Hydroxide Market Dynamics

10 Global Cobalt Hydroxide Market Forecast

11 Research Finding and Conclusion

12 Methodology and Data Source

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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