Cobalt Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Recovery and Growth Insights for 2021-2025

Accelerating at a CAGR of  9.36%, the cobalt market is expected to grow by post an incremental growth of 76337.13 MT over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.


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Cobalt Market: Market Segments and Key Trends

The Cobalt market is segmented by Application (batteries and electronics, super alloys, pigments, hard materials, and others) and Geography (APAC, North America, Europe, South America, and MEA). APAC led the market with 69% of the market growth set to originate from this region during the forecast period. Harmful effects of super alloys is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.

Cobalt Market: What are the Growth Drivers?

Growth of the electric vehicle industry is one of the primary factors driving the growth of the cobalt market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.

Global Cobalt Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Cobalt Market: Competitive Landscape

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Ambatovy, China Molybdenum Co. Ltd., Eramet Group, European Cobalt Ltd., First Cobalt Corp., Jervois Global Ltd., Missouri Cobalt LLC, Red Rock Resources plc, Sherritt International Corp., and Sumitomo Metal Mining Co. Ltd. are some of the major market participants.

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Cobalt Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cobalt market growth during the next five years
  • Precise estimation of the cobalt market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cobalt market industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cobalt market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of 9.36%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by 76337.13 MT through 2021-2025.

     
  3. What is a key factor driving this market?
    Growth of the electric vehicle industry will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    69% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Ambatovy, China Molybdenum Co. Ltd., Eramet Group, European Cobalt Ltd., First Cobalt Corp., Jervois Global Ltd., Missouri Cobalt LLC, Red Rock Resources plc, Sherritt International Corp., and Sumitomo Metal Mining Co. Ltd.

     
  7. What are the market segments covered in this report?
    The market is segmented by Application (batteries and electronics, super alloys, pigments, hard materials, and others) and Geography (APAC, North America, Europe, South America, and MEA)

Cobalt Market | Discover Top Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2021-2025

The cobalt market is expected to grow by 76337.13 MT, accelerating at a CAGR of almost 9.36% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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Cobalt Market: Segments and Leading  Regions

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • Market is segmented Application (batteries and electronics, super alloys, pigments, hard materials, and others) and Geography (APAC, North America, Europe, South America, and MEA).
  • The APAC region emerged as the leading segment in recent years. 69% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Cobalt Market size.

Global Cobalt Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Cobalt Market: Trends, Drivers, Challenges

Our report helps market players to discover the various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will provide clients with all the information they would require for designing a growth strategy for their business.

  • Growth of the electric vehicle industry will be a significant factor in driving the growth of the Cobalt Market.
  • Increasing demand for super alloys in the aerospace industry will be instrumental in driving the market growth during the forecast period.
  • Harmful effects of super alloys is a challenge that needs to be overcome to persist on the path to growth and recovery from the impact of the pandemic.

Cobalt Market: Vendor Analysis

  • The market is fragmented.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • Ambatovy, China Molybdenum Co. Ltd., Eramet Group, European Cobalt Ltd., First Cobalt Corp., Jervois Global Ltd., Missouri Cobalt LLC, Red Rock Resources plc, Sherritt International Corp., and Sumitomo Metal Mining Co. Ltd. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

 

Cobalt Market: Key Drivers and Segmentation

Synopsis of Growth Drivers with Market Forecast 2021-2025

The Cobalt Market is projected to post an incremental growth of 76337.13 MT, at a CAGR of 9.36% till 2025. This research report provides detailed insights into growth drivers that are likely to boost the market. It also provides an analysis of all the segments, trends and challenges that are expected to impact the market in focus. This research will thus equip business leaders with data and insights necessary for designing future ready strategies for growth and development.


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Cobalt Market: What are the factors that will drive market growth?

^A detailed study of market drivers enables market players to leverage these factors to drive growth. Technavio’s research reports provide a comprehensive analysis of all the other factors that will drive market growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. One of the key drivers that will boost this market is Growth of the electric vehicle industry. For more insights on the impact of this and all the other drivers, request for our FREE sample report:

Global Cobalt Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Cobalt Market: Segment List

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Cobalt Market is segmented by Application (batteries and electronics, super alloys, pigments, hard materials, and others) and Geography (APAC, North America, Europe, South America, and MEA). Request our Free Sample Report

Cobalt Market: Ambatovy, China Molybdenum Co. Ltd., Eramet Group, European Cobalt Ltd., First Cobalt Corp., Jervois Global Ltd., Missouri Cobalt LLC, Red Rock Resources plc, Sherritt International Corp., and Sumitomo Metal Mining Co. Ltd. are some of the leading competitors

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Ambatovy, China Molybdenum Co. Ltd., Eramet Group, European Cobalt Ltd., First Cobalt Corp., Jervois Global Ltd., Missouri Cobalt LLC, Red Rock Resources plc, Sherritt International Corp., and Sumitomo Metal Mining Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

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