Cobalt Oxide Market Report — Forecast till 2027

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 2027

ID: MRFR/CnM/5449-HCR | February 2021 | Region: Global | 140 pages

Market Synopsis:

Cobalt oxide is an inorganic chemical compound which is widely used in the ceramics industry as an additive to create blue colored glazes and enamels. Cobalt oxide finds application in pigments, porcelain colorants, semiconductors, ceramics, and grinding wheels, among others. In addition, cobalt oxide is used as a catalyst in the hydrogenation of fats, synthesis of petrol, production of nitric acid, soda and ammonium sulphate in the chemical and petrochemical industry.

The key factor driving growth of the global cobalt oxide market is the growing demand for cobalt oxide in the manufacturing the lithium-ion batteries. These batteries are widely used in mobile phones, cameras, and laptops. Li-ion batteries provide excellent combination of high energy and power density, making it the most widely used technology for portable electronics, power tools, and hybrid/full electric vehicles. Rising concerns regarding air pollution from the fuel based vehicles is expected to boost demand for electric vehicles, thus fueling demand for cobalt oxide during the forecast period. Moreover, growing consumption of cobalt oxide as a colorant in the ceramics industry due to its intense coloring ability for glass products and is required in very small amount for producing light blue color, is further to projected to drive the market growth.

Furthermore, widening scope of applications for cobalt oxide nanoparticles in photocatalysis, energy storage, gas sensing and optics is expected to provide lucrative opportunities to the market players.

However, cobalt oxide can be very hazardous if ingested and it can cause irritation to skin, eye and/or respiratory system. This is expected to restrict use of the product and hinder the market growth during the forecast period.

Global Cobalt Oxide Market Share, by Application, 2017 (%) Cobalt Oxide Market Source: MRFR analysis Regional Analysis:
The global cobalt oxide market has been studied with respect to five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific held the largest share of this market in 2017 and is expected to the leading regional market during the forecast period. This can be attributed to the growing electronics, automotive, and ceramics industries in this region. Cobalt oxide is a primary compound in the manufacturing of different electronic components and mainly in the rechargeable batteries used in the electric vehicles. China is increasingly focusing on production and use of the electric vehicles, which is projected to fuel the demand for these batteries.

The markets in North America and Europe are likely to witness a substantial growth during the review period. This is mainly due to the increasing use of lithium cobalt oxide (LCO) in the manufacturing of lithium-ion batteries.

Significant growth of electronics and construction industries in the Middle East & Africa is expected to provide significant opportunities to the cobalt oxide manufacturers in this region during the forecast period.

Market Segmentation:
The global cobalt oxide market has been segmented on the basis of type, application, and region.

By type, the global cobalt oxide market has been categorized as cobalt monoxide and cobalt(II,III) oxide (cobaltosic oxide).

Based on application, the global cobalt oxide market has been classified into lithium-ion batteries, paints & ceramics, catalyst, additive, magnetic material, oxidant, porcelain enamel, and others.

The global cobalt oxide market has been studied with respect to five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Key Players:
Some of the key players in the global cobalt oxide market are 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).

Intended Audience:
Cobalt oxide manufacturers

Traders and distributors of cobalt oxide

Research and development institutes

Potential investors

Raw material suppliers

Nationalized laboratories



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR   2019–2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  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.


Frequently Asked Questions (FAQ) :


The forecast period for Cobalt Oxide Market research report is 2020-2027.

Global Cobalt Oxide Market is dominated by APAC region.

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).

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