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Worst May be Over for Cobalt Powder Market; How Industry Players Will Regain 17.49% Growth Cycle Again
Cobalt Powder Market Latest Edition Published with Forecast to 2027- Sep 16, 2021
- Chemicals
AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Cobalt Powder market - Global outlook to 2026".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Cobalt Powder market to grow at a CAGR of 17.49% to aggregate USD956.31 Million by 2026.
According to Analyst at AMA Research, the Global Cobalt Powder market will experience significant growth during the forecast period due to potential opportunities lying in the market such as. Some of the important driving forces are “Rising Demand for Rechargeable Batteries in Consumer Electronics and Growing Use of Cobalt Powder in Hard Metal Production”.
Cobalt powder is a fine grain powder which appears similar to iron or nickel and extracted from earth crust where it is found in association with nickel. It has various industrial uses due to its unique properties such as high melting point, retaining its strength at a high temperature, being ferromagnetic, thermostability and being multivalent. Cobalt also possesses excellent chemical, physical and mechanical properties, which is used for fabricating various alloys, used as wear resistant and high-temperature components, cutting tools, dies and saw among others. It is also used in rechargeable batteries in mobile phones, laptops, tablets and other electronic devices. These factors are expected to drive the cobalt market in the forecasted period.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Cobalt Powder market by Type (0.998 Grade, 0.993 Grade and Other), by Application (Carbide, Superalloy, Battery, Magnetic Material and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Cobalt Powder market to grow at a CAGR of 17.49% to aggregate USD956.31 Million by 2026.
According to Analyst at AMA Research, the Global Cobalt Powder market will experience significant growth during the forecast period due to potential opportunities lying in the market such as
Cobalt powder is a fine grain powder which appears similar to iron or nickel and extracted from earth crust where it is found in association with nickel. It has various industrial uses due to its unique properties such as high melting point, retaining its strength at a high temperature, being ferromagnetic, thermostability and being multivalent. Cobalt also possesses excellent chemical, physical and mechanical properties, which is used for fabricating various alloys, used as wear resistant and high-temperature components, cutting tools, dies and saw among others. It is also used in rechargeable batteries in mobile phones, laptops, tablets and other electronic devices. These factors are expected to drive the cobalt market in the forecasted period.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Cobalt Powder market by Type (0.998 Grade, 0.993 Grade and Other), by Application (Carbide, Superalloy, Battery, Magnetic Material and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
Craig Francis
PR & Marketing Manager