MarkNtel Advisors recently published a detailed industry analysis of the Global Cobalt Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Cobalt Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Cobalt Market size is estimated to grow at a CAGR of around 6.2% during the forecast period, i.e., 2024-30.

Key Findings in Global Cobalt Market:

Historical Analysis: 2019–2022
Base Year: 2023
Forecast Period: 2024–2030

Leading Market Players- Glencore Plc., Missouri Cobalt, Jinchuan Group International Ltd., CMOC Group, Eurasian Resources Group, Huayou Cobalt, Sumitomo Cobalt Mining, Cobalt Blue Holdings, Panoramic Resources Ltd., Sherritt International, Nornickel, Nickel 28 Capital Corp., Groupe Managem, Carter Alloy Company, Others

Key Highlights of the Report

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

What are the major Driver the Global Cobalt industry?

Escalating Demand for Electric Vehicles Augmenting the Market Growth – In the past few years, consumers have shifted towards electric vehicles due to the increase in price of petrol and diesel. Due to this, the demand for electric vehicles has increased, the batteries of electric vehicles have cobalt in them, which increases the demand for cobalt. According to the International Energy Agency (IEA), electric vehicles are seeing exponential growth and are expected to grow from approximately 140 million by 2030 and reach 900 million by 2050. This growing number of electric vehicles would increase the Global Cobalt Market Size in the forthcoming years.

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What segments define the Global Cobalt Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

By Application

- Battery Chemicals – Market Size & Forecast 2019-2030F, Thousand Tons
- Super Alloys- Market Size & Forecast 2019-2030F, Thousand Tons
- Catalyst – Market Size & Forecast 2019-2030F, Thousand Tons
- Ceramics & Pigments- Market Size & Forecast 2019-2030F, Thousand Tons
- Binder Materials- Market Size & Forecast 2019-2030F, Thousand Tons

According to report, Battery Chemicals segment is leading the Global Cobalt Market

By Form

- Chemical Compound- Market Size & Forecast 2019-2030F, Thousand Tons
- Metal- Market Size & Forecast 2019-2030F, Thousand Tons
- Purchased Scrap- Market Size & Forecast 2019-2030F, Thousand Tons

According to report, Cobalt is majorly used in its metal form and dominates the other form type.

By End User

- Electronics- Market Size & Forecast 2019-2030F, Thousand Tons
- Aerospace- Market Size & Forecast 2019-2030F, Thousand Tons
- Automotive- Market Size & Forecast 2019-2030F, Thousand Tons
- Chemical- Market Size & Forecast 2019-2030F, Thousand Tons
- Pharmaceutical- Market Size & Forecast 2019-2030F, Thousand Tons
- Others (Oil & Gas)- Market Size & Forecast 2019-2030F, Thousand Tons

Explore the Complete Global Cobalt Market Analysis Report – https://www.marknteladvisors.com/research-library/cobalt-market.html

Geographical Analysis: Global Cobalt Market

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Global Cobalt Market Recent Development:

2022: Glencore Plc, announced a strategic partnership with Li-Cycle Holdings Corp. a lithium-ion battery recycler in North America to recycle battery raw material to produce battery-grade end products.

2021: CMOC Group, announced a strategic partnership with Contemporary Amperex Technology Co. Ltd, in the area of new energy metals to develop copper and cobalt mines in DRC.

Key Questions Addressed in This Study

What are the primary factors driving the growth of the Global Cobalt Market?
How is the Global Cobalt Market expected to evolve over the next five years?
What key insights can be drawn from current trends shaping the market?
What is the current market size, and how is it forecasted to change in the coming years?
What is the future outlook for the market in terms of technological innovation and geographic expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/cobalt-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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