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Cobalt is a hard, grey metal and is generally found in association with nickel in the Earth's crust. Cobalt has many industrial uses due to its unique properties such as retaining its strength at a high temperature, high melting point (1493°C), high thermo-stability, being ferromagnetic, and being multivalent. All these properties of cobalt make it effective for enhancing catalytic action. As cobalt possess excellent chemical, physical, and mechanical properties, it is commonly used for fabricating various alloys which are used as wear resistant and high-temperature components, cutting tools, dies, saws, etc. Cobalt is an important ingredient for portable batteries. The growing demand for rechargeable batteries in mobile phones, laptop, tablets, and other portable electronics would be the major growth driver for global cobalt consumption. 

Cobalt has a wide range of industrial uses which varies from rechargeable batteries to aircraft engines. Furthermore cobalt is used for industrial chemical processes due to its catalytic properties and is used for the removal of nitrous oxide, desulphurisation of hydrocarbons and others. The typical properties of such as hardness and high temperature resistance of cobalt is used effectively to alloy with other metals. Cobalt alloys is suitable in turbine blades for gas jet aircraft engines and turbines. Various cobalt compounds are used as catalyst in chemical reactions. Furthermore, cobalt’s chemical and physical properties make it an essential ingredient for electroplating, coloring of pigments and ceramics, manufacture of automobile tires and permanent magnets. Cobalt powder is used as bonding tools in diamond industry and for high speed cutting tools it is used as binder for the production of cemented tungsten carbides. Owing to all such applications of cobalt, is growingly used in end-user industries such as electronic batteries, automotive tires, and other industries across the globe. 

The growing demand of automotive and electronic industry would have positive impact on cobalt powder market in years to come. Therefore, based on the uses of electronics, Asia Pacific is projected to be the fastest growing market for cobalt powder in the next six years. The main reason for this is the growing demand of electronics batteries from developing countries such as China and India. However, some countries of Africa, South America and the Middle East have shown economic and industrial growth since the last few years which would have a positive impact on the use of cobalt powder in various industries. The U.S. and countries of European region is would have major application of cobalt powder as they are recovering from the economic dispersion. All such factors would enhance the uses of cobalt powder across the globe. Considering this prospect automotive, batteries and other cobalt application related industries are expected to witness a strong growth in the coming years. Furthermore, the disposable income of individuals and increasing uses of portable electronics would have a tremendous market potential for cobalt powder. Due to this, the demand for cobalt powder in the automotive and electronic industry is anticipated to grow at an outstanding rate in the next few years.

Some of the major companies operating in the global cobalt powder market are Sandvik Materials Technology, Umicore - Cobalt & Specialty Materials, Freeport Cobalt Oy, Sherritt International, Sumitomo Corporation, Minara Resources Pty Ltd., Eramet and Norilsk Nickel.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 

  • North America 
  • Asia Pacific 
  • Europe
  • Middle East and Africa
  • Latin America

This report provides comprehensive analysis of 

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Cobalt Powder Market

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