Global Cobalt 60 Market Research Report 2023(Status and Outlook)

Global Cobalt 60 Market Research Report 2023(Status and Outlook)

Report Overview

Cobalt 60 is an isotope of cobalt. The radioactive source of cobalt 60 is widely used in agriculture, industry, medicine and other fields. It can be used for radiation breeding, stimulation of yield increase, radiation control of insect pests, food irradiation preservation and preservation, non-destructive inspection, radiation disinfection, Radiation processing, radiation treatment waste, thickness, density measurement and online automatic control, and radiotherapy for cancer and tumor. At present, only a few countries in the world, such as Canada, China, and Russia, have cobalt 60 production capacity, and the international market has a bright future. In the mid-1950s the increasing demand for sterile single-use medical devices led to a rapid expansion in the use of gamma irradiation to sterilize products as the technology provided a very effective means of ensuring sterility. Since then the range of applications that benefit from Cobalt-60 irradiation has grown enormously. A diverse array of products are now routinely processed to improve their characteristics and to meet market requirements. Irradiation using Cobalt-60 is an international industry that positively impacts daily on the health and wellbeing of a large proportion of the world’s population.

The Global Cobalt 60 Market Size was estimated at USD 284.50 million in 2022 and is projected to reach USD 408.40 million by 2029, exhibiting a CAGR of 5.30% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Cobalt 60 market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Cobalt 60 Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Cobalt 60 market in any manner.

Global Cobalt 60 Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Bruce Power

Rosatom

China National Nuclear Corporation

Eckert & Ziegler

Market Segmentation (by Type)

High Specific Activity Cobalt-60

General Cobalt-60

Market Segmentation (by Application)

Passenger Vehicle

Commercial Vehicle

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Cobalt 60 Market

Overview of the regional outlook of the Cobalt 60 Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors