Cobalt Oxide Market Report β€” Forecast till 2030

Cobalt Oxide Market: Information by Type (Cobalt Monoxide and Cobalt(II,III) Oxide), Application (Lithium-ion Batteries, Paints & Ceramics, Catalyst, Additive, Magnetic Material, Oxidant, Porcelain Enamel, Others), and Region—Forecast till 2030

ID: MRFR/CnM/5449-HCR | September 2022 | Region: Global | 140 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.3 List of Assumptions

2.4 Markets Structure

3 Market 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 Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants

4.1.4 End-Use Industry/Applications

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Intensity of Competitive Rivalry

5 Industry Overview of Global Cobalt Oxide Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 Trends

7. Global Cobalt Oxide Market, by Type

7.1 Introduction

7.2 Cobalt Monoxide

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Cobalt(II,III) Oxide (Cobaltosic Oxide)

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

8. Global Cobalt Oxide Market, by Application

8.1 Introduction

8.2 Lithium-Ion Batteries

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Paints & Ceramics

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.4 Catalyst

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, by Region, 2020–2027

8.5 Additive

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, by Region, 2020–2027

8.6 Magnetic Material

8.6.1 Market Estimates & Forecast, 2020–2027

8.6.2 Market Estimates & Forecast, by Region, 2020–2027

8.7 Oxidant

8.7.1 Market Estimates & Forecast, 2020–2027

8.7.2 Market Estimates & Forecast, by Region, 2020–2027

8.8 Porcelain Enamel

8.8.1 Market Estimates & Forecast, 2020–2027

8.8.2 Market Estimates & Forecast, by Region, 2020–2027

8.9 Others

8.9.1 Market Estimates & Forecast, 2020–2027

8.9.2 Market Estimates & Forecast, by Region, 2020–2027

9. Global Cobalt Oxide Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Type, 2020–2027

9.2.3 Market Estimates & Forecast, by Application, 2020–2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020–2027

9.2.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.2.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020–2027

9.2.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.2.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020–2027

9.3.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020–2027

9.3.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020–2027

9.3.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020–2027

9.3.8.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.8.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.9.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020–2027

9.3.10.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.10.3 Market Estimates & Forecast, by Application, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2020–2027

9.4.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.8.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.9.3 Market Estimates & Forecast, by Application, 2020–2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020–2027

9.5.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020–2027

9.5.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.6 South Africa

9.5.6.1 Market Estimates & Forecast, 2020–2027

9.5.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020–2027

9.5.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.8 Rest of the Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020–2027

9.5.8.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.8.3 Market Estimates & Forecast, by Application, 2020–2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020–2027

9.6.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020–2027

9.6.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020–2027

9.6.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020–2027

9.6.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.7.3 Market Estimates & Forecast, by Application, 2020–2027

10. Competitive Landscape

10.1 Introduction

10.2 Market Strategy

10.3 Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)

11. Company Profiles

11.1 Alfa Aesar

11.1.1 Company Overview

11.1.2 Financial Updates

11.1.3 Product/Business Segment Overview

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Strategy

11.2 American Elements

11.2.1 Company Overview

11.2.2 Financial Updates

11.2.3 Product/Business Segment Overview

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.2.6 Strategy

11.3 Avantor Inc

11.3.1 Company Overview

11.3.2 Financial Updates

11.3.3 Product/Business Segment Overview

11.3.4 Key Developments

11.3.5 SWOT Analysis

11.3.6 Strategy

11.4 Freeport Cobalt

11.4.1 Company Overview

11.4.2 Financial Updates

11.4.3 Product/Business Segment Overview

11.4.4 Key Developments

11.4.5 SWOT Analysis

11.4.6 Strategy

11.5 Huayou Cobalt Co. Ltd

11.5.1 Company Overview

11.5.2 Financial Updates

11.5.3 Product/Business Segment Overview

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.5.6 Strategy

11.6 Santoku Corporation

11.6.1 Company Overview

11.6.2 Financial Updates

11.6.3 Product/Business Segment Overview

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.6.6 Strategy

11.7 Umicore Cobalt & Specialty Materials

11.7.1 Company Overview

11.7.2 Financial Updates

11.7.3 Product/Business Segment Overview

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.7.6 Strategy

11.8 Nicomet

11.8.1 Company Overview

11.8.2 Financial Updates

11.8.3 Product/Business Segment Overview

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.8.6 Strategy

11.9 Reade International Corp.

11.9.1 Company Overview

11.9.2 Financial Updates

11.9.3 Product/Business Segment Overview

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.9.6 Strategy

11.10 Eastmen Chemicals

11.10.1 Company Overview

11.10.2 Financial Updates

11.10.3 Product/Business Segment Overview

11.10.4 Key Developments

11.10.5 SWOT Analysis

11.10.6 Strategy

12. Conclusion

LIST OF TABLES

Table 1 Cobalt Oxide Market, by Region, 2020–2027

Table 2 North America: Cobalt Oxide Market, by Country, 2020–2027

Table 3 Europe: Cobalt Oxide Market, by Country, 2020–2027

Table 4 Asia-Pacific: Cobalt Oxide Market, by Country, 2020–2027

Table 5 Middle East & Africa: Cobalt Oxide Market, by Country, 2020–2027

Table 6 Latin America: Cobalt Oxide Market, by Country, 2020–2027

Table 7 Cobalt Oxide Type Market, by Region, 2020–2027

Table 8 North America: Cobalt Oxide Type Market, by Country, 2020–2027

Table 9 Europe: Cobalt Oxide Type Market, by Country, 2020–2027

Table 10 Asia-Pacific: Cobalt Oxide Type Market, by Country, 2020–2027

Table 11 Middle East & Africa: Cobalt Oxide Type Market, by Country, 2020–2027

Table 12 Latin America: Cobalt Oxide Type Market, by Country, 2020–2027

Table 13 Cobalt Oxide Application Market, by Region, 2020–2027

Table 14 North America: Cobalt Oxide Application Market, by Country, 2020–2027

Table 15 Europe: Cobalt Oxide Application Market, by Country, 2020–2027

Table 16 Asia-Pacific: Cobalt Oxide Application Market, by Country, 2020–2027

Table 17 Middle East & Africa: Cobalt Oxide Application Market, by Country, 2020–2027

Table 18 Latin America: Cobalt Oxide Application Market, by Country, 2020–2027

Table 19 Global Type Market, by Region, 2020–2027

Table 20 Global Application Market, by Region, 2020–2027

Table 21 North America: Cobalt Oxide Market, by Country, 2020–2027

Table 22 North America: Cobalt Oxide Market, by Type, 2020–2027

Table 23 North America: Cobalt Oxide Market, by Application, 2020–2027

Table 24 Europe: Cobalt Oxide Market, by Country, 2020–2027

Table 25 Europe: Cobalt Oxide Market, by Type, 2020–2027

Table 26 Europe: Cobalt Oxide Market, by Application, 2020–2027

Table 27 Asia-Pacific: Cobalt Oxide Market, by Country, 2020–2027

Table 28 Asia-Pacific: Cobalt Oxide Market, by Type, 2020–2027

Table 29 Asia-Pacific: Cobalt Oxide Market, by Application, 2020–2027

Table 30 Middle East & Africa: Cobalt Oxide Market, by Country, 2020–2027

Table 31 Middle East & Africa: Cobalt Oxide Market, by Type, 2020–2027

Table 32 Middle East & Africa: Cobalt Oxide Market, by Application, 2020–2027

Table 33 Latin America: Cobalt Oxide Market, by Country, 2020–2027

Table 34 Latin America: Cobalt Oxide Market, by Type, 2020–2027

Table 35 Latin America: Cobalt Oxide Market, by Application, 2020–2027

LIST OF FIGURES

FIGURE 1 Cobalt Oxide Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Cobalt Oxide Market

FIGURE 4 Value Chain of Cobalt Oxide Market

FIGURE 5 Share of Cobalt Oxide Market, by Country, 2020 (%)

FIGURE 6 Cobalt Oxide Market, 2020–2027

FIGURE 7 Sub-Segments of Type

FIGURE 8 Cobalt Oxide Market Size, by Type, 2020

FIGURE 9 Share of Cobalt Oxide Market, by Type, 2020–2027

FIGURE 10 Sub-Segments of Application

FIGURE 11 Cobalt Oxide Market Size, by Application, 2020

FIGURE 12 Share of Cobalt Oxide Market, by Application, 2020–2027

Cobalt Oxide Market Speak to Analyst Request a Free Sample

Cobalt Oxide Market Overview:


The cobalt oxide market has been one of those major market forms which have gained significance off late and on a rapid scale due to its wide applicability and usage among various end-use industries that have increased demand for cobalt oxide and its by-products. Cobalt oxide is a chemically generated compound that is used in the ceramics industry as glazes and enamels. It is also used as pigments, colorants, semiconductors, etc. along with its usage as a catalyst in the synthesis of petrol and the petrochemical industry.


The cobalt oxide market trends have been regularly changing the market shape and structure which have diversified the applications and uses of cobalt oxide in lithium-ion batteries. With the rising demand for smartphones and the ever-increasing need for lithium-ion batteries, the demand for cobalt oxide has increased rapidly. The cobalt oxide produced batteries provide high density, strength, and functioning of smartphones, laptops, i-pads, etc. making this market a highly desirable one.


In addition to this, a new application of cobalt oxide has also boosted the market whereby cobalt oxide is also used in producing batteries for automobiles and electric vehicles. The future is based on electric vehicles and cobalt oxide produced batteries have been performing significantly in this regard. Hence, the cobalt oxide market growth is aptly predicted to be positive.


The global cobalt oxide market is expected to grow at a positive CAGR and the cobalt oxide market value is expected to reach the highest by 2026 . The cobalt oxide market is expected to reap positive results from the Asia Pacific region where the demand for cobalt oxide due to increased development activities is high. Moreover, the segment by application is expected to contribute maximum towards cobalt oxide market share.


COVID 19 Analysis:


The novel coronavirus or the Covid 19 pandemic has negatively impacted the cobalt oxide industry since the demand for cobalt oxide materials has declined which has created a negative impact on the cobalt oxide industry and the cobalt oxide companies have faced shortages in personnel, accumulated stocks, and forced shutdowns. Due to the lockdowns in various countries, the demand for automotive vehicles has reduced significantly with people avoiding extra expenditures which have also impacted the cobalt oxide market growth.


Due to the Covid 19 effect, it has been observed that a large number of producers have been forced to shut down their production units and lay off employees but it is assumed that the market will soon pick up the pace and the demand would increase. It is expected that the post-lockdown period would be a great success for the cobalt oxide market revenue. It is also analyzed that every segment would be contributing significantly towards the growth of cobalt oxide market value.


Competitive Landscape

The competitive landscape in terms of the cobalt oxide market has been immense and nail-biting with new players easily entering the market and the existing players making huge investments in this segment. The big names in this market are:



  • Umicore

  • OMG

  • Freeport

  • KLK

  • Huayou Cobalt

  • Jinchuan Group

  • COBOTO

  • Galico

  • Haina New Material

  • Dongxin Energy 


The key players in the market are more focused on developing future strategies and set themselves as joint ventures to increase the cobalt oxide market share and size.


MARKET DYNAMICS


Drivers:


The cobalt oxide market has been experiencing a diversified growth in all segments and across different regions due to the rising populations and the increasing per capita incomes of people which has shifted the demands of people to highly sophisticated and technologically advanced products and equipment which have acted as a motivating factor to the cobalt oxide market.


The cobalt oxide market trends have proved to be contributing positively towards the growth of the cobalt oxide market as such trends have increased the end uses of cobalt oxide in a variety of industries which has given a boost to the overall cobalt oxide industry. The use of advanced technology, low operation costs, and high profits have attracted more producers to contribute towards the cobalt oxide market share.


The application segment of the cobalt oxide market where the main application remains is the use in the production of lithium-ion batteries which has acted as a major driver towards the increase in the cobalt oxide market size.


Restraints:


The overall growth in the cobalt oxide market has been expediently rising but certain factors hinder the growth process of the market which include large sums of money to be invested initially in setting up the cobalt oxide companies and thus it restricts various new players to enter the markets.


Another key factor that acts as a barrier towards the increase in cobalt oxide market share is the hazards associated with the extensive use of cobalt oxides as its ingestion could variably cause health-related problems such as asthma, lung infections, respiratory problems, etc. due to which a major portion of the workforce seems uninterested in working in such industries.


Another key restraint that has been observed off late is the licensing and regulatory concerns of the Government in the production of cobalt oxides since it is a chemically originated compound and also has a negative impact on health and the environment if it is leaked in the atmosphere. Thus, it is required to be managed properly.


Technology Analysis:


Cobalt oxide market in itself is a technology-based market with cobalt oxide being produced in laboratories and technologically advanced processes and techniques. The use of advanced machines and improved infrastructure have created a growth aspect for the cobalt oxide market. Cobalt oxide is also used for developing batteries for automobiles through the use of a variety of technologically advanced systems and inputs.


The future in the cobalt oxide market also seems to be quite technologically advanced with new developments being made towards easing down the manufacturing process of cobalt oxide elements and to refrain the employees from the health hazards associated with the production of cobalt oxide components. Hence, new robotics and artificial intelligence technologies have been developed to overcome the challenges associated with production and provide extensive growth.


Study Objectives:



  • To analyze the trends that are prevalent in the global cobalt oxide market regions and players that will dominate the global trends and lead the cobalt oxide market operations towards growth figures that have been predicted by the prominent leaders in the international market and key experts for the ongoing forecast period that ends in 2028. 



  • To understand the scale of functioning of the global cobalt oxide market segments that are prevalent through their ability to meet the vibrant needs of the target audience for cobalt oxide market products and services in major mushrooming regions across the globe for the period. 



  • To draw a competitive scale amongst the global cobalt oxide market players to understand the recent developments of the key market players in the recent past that promise great results to the market for the ongoing forecast period and cobalt oxide market trends that end in 2028.


Segment Overview

The cobalt oxide market has been segmented as follows:


By Type 



  • Cobalt(II) oxide (cobaltous oxide), CoO

  • Cobalt(III) oxide (cobaltic oxide), Co2O3

  • Cobalt(II,III) oxide, Co3O4 


By Application 



  • Lithium-ion Battery

  • Varistor

  • Hard Alloy

  • Catalyst

  • Other 


By Region



  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa


Regional Analysis

The global cobalt oxide market has been divided into five regions where each region has been contributing significantly in terms of its capabilities and population demands. However, among the five regions, the Asia Pacific region has been accounting for the major cobalt oxide market share whereby the key drivers towards the growth of the cobalt oxide industry are developed here, and the population seems to be quite interested in the innovations in terms of new products in the market.


The major cobalt oxide market revenue is expected to come from countries like China, Japan, Korea, and India. The cobalt oxide statistics indicate that the population along with the disposable incomes of people of these countries has been increasing which has led to shifts in lifestyles and changing demands.


The European region has also been experiencing  major growth with contributions coming from developed nations such as France, Germany, Denmark, Belgium, etc. . The North American region is also experiencing vast growth in cobalt oxide market shares as the countries in this region have been reaping the benefits of technology thereby maximizing the level of operations and reducing operational cost.


Recent Developments:



  • Regular power supply and Government intervention in cobalt oxide production have played an important role. Recently, in China due to changed norms in the consumption power of the country, the production of cobalt was reduced significantly which led to an imbalance between demand and supply.



  • Recently in the development of batteries for electric vehicles and automobiles, it was stressed that the need for cleaner batteries for the future is required and hence after continuous researches and innovations improvements in the production of cobalt oxide and the development of new compounds to fit the required needs of automobile industries.



  • Recently, after the covid restrictions and lockdowns have been removed from several countries the demand for cobalt oxide powder has increased significantly due to the rise in demand from a variety of end-use industries which has been a major boost for the cobalt oxide industry.

  • October 2021- Tesla announced that it’s transforming the battery chemistry that it has been using for years in all the company’s standard-range electric vehicles to a model with a lithium-iron-phosphate (LFP) cathode. The stance is anticipated to boost profit margins for Tesla on its fully electric cars while not inevitably having to increase vehicle prices. In the past, the company has been condemned for sporadic vehicle price changes. Tesla even now is producing vehicles with LFP chemistry at its plant in Shanghai. The company sells those cars in Europe and the Asia-Pacific region.

  • October 2021- UK-based chemical firm Johnson Matthey launched the latest battery technology featuring a new nickel-rich cathode material, eLNO. It is expected to show in a two-seater electric race car at the forthcoming COP26 in Glasgow. The new technology is ensured to offer batteries a 20 percent boost in energy density compared to the lithium nickel manganese cobalt oxide (NMC) materials broadly used in EV batteries these days. The company states it has improved the chemistry of the cathode material with a proprietary surface modification and stabilizer package, engineering the cathode material down to the atomic level. This allows the usage of high nickel contents for enhanced driving range and reduced cobalt level that aids sustain cycle life and stability.  


Report Overview:


The Global report helps the investors to gain meaningful information about the cobalt oxide market and make decisions wisely. The report discusses the steps taken by the market leaders to boost the cobalt oxide market growth and inflate market valuation for their good. The report fully summarises the ongoing market scenario in the cobalt oxide market which would help the intended audience to seek more information about the market. The objective of the report was to fully summarise the key players in the market and their role in boosting the cobalt oxide market value. The report also discusses the future growth prospects and the competitive landscape in the cobalt oxide industry and lays down the expected growth rate of the market along with the hindrances it might have to face.



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   2022–2030: Substantial CAGR
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors    Alfa Aesar (US), American Elements (US), Avantor Inc (US), Freeport Cobalt (Finland), Huayou Cobalt Co. Ltd (China), Santoku Corporation (Japan), Umicore Cobalt & Specialty Materials (Belgium), Reade International Corp. (US), Nicomet (India), and Eastmen Chemicals (India).
  Key Market Opportunities   Widening scope of applications for cobalt oxide nanoparticles in photocatalysis, energy storage, gas sensing and optics is expected to provide lucrative opportunities
  Key Market Drivers   The growing demand for cobalt oxide in the manufacturing the lithium-ion batteries.


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Frequently Asked Questions (FAQ) :

The Asia-Pacific region is expected to have a high growth rate and market share in the cobalt oxide market.

The key manufacturers who hold a dominant position in the cobalt oxide market are Umicor, OMG, Freeport, KLK, Huayou, Cobalt, and Jinchuan Group.

The segment by application is expected to provide maximum growth due to its uses in a variety of manufacturing processes.