A Cobalt Oxalate Market, By Product Type (Cobalt Oxalate Monohydrate, Cobalt Oxalate Dihydrate, and Cobalt Oxalate Anhydrous), By Application (Catalysts, Pigments, Electroplating, Battery Materials, and Other Applications), By End-Use Industry (Chemicals

Cobalt Oxalate Market, By Product Type (Cobalt Oxalate Monohydrate, Cobalt Oxalate Dihydrate, and Cobalt Oxalate Anhydrous), By Application (Catalysts, Pigments, Electroplating, Battery Materials, and Other Applications), By End-Use Industry (Chemicals, Automotive, Electronics, Pharmaceuticals, Energy Storage, and Others), By Distribution Channel (Direct Sales (B2B), Distributors/Wholesalers, Online Retailers, and Others), By Purity Level (High Purity Cobalt Oxalate and Standard Purity Cobalt Oxalate), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Global cobalt oxalate market has been growing steadily over the past few years. Cobalt oxalate is an inorganic compound that finds numerous applications across various end-use industries like electronics, aerospace, metallurgy, and chemicals. It exhibits high thermal stability and is characterized by properties like corrosion resistance and excellent binding strength. Rising consumption from lithium-ion battery industry has been a major factor driving growth in the cobalt oxalate market. Increasing reliance on rechargeable batteries to power various consumer electronics and electric vehicles is anticipated to significantly boost market demand over the coming years. Expanding production capacities of cobalt oxalate by key manufacturers to cater to growing need from diverse application sectors will further support the market expansion through 2030.

Market Dynamics

Lithium-ion batteries are essential ingredients which are widely used in portable electronic gadgets, electric cars, and energy storage systems, are made with the help of cobalt oxalate. The demand for cobalt oxalate has greatly increased since electric vehicles and renewable energy sources are being adopted at a growing rate. Growing adoption of Electric Vehicle (EVs) worldwide in line with increasing focus on reducing vehicular emissions offers significant opportunities for market players. The use of cobalt oxalate as a cathode material in lithium-ion batteries is particularly increasing. On the other hand, stringent environmental regulations pertaining to cobalt mining and processing may hinder the market growth. Key market players are investing in research and development (R&D) to develop advanced and more efficient production technologies to capitalize on opportunities.

The cobalt supply chain is intricate and susceptible to errors. The Democratic Republic of the Congo (DRC) is the main country where cobalt is produced, which offers geopolitical dangers and worries about stability and transparency. Cobalt oxalate availability and pricing may be impacted by supply chain issues such as potential political instability, trade limitations, and price volatility.

Key features of the study:

• This report provides in-depth analysis of the global cobalt oxalate market, and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global cobalt oxalate market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Umicore N.V., Freeport-McMoRan Inc., Glencore plc., Huayou Cobalt Co., Ltd., Sherritt International Corporation, Jinchuan Group International Resources Co. Ltd.,Sumitomo Metal Mining Co., Ltd., Norilsk Nickel, ERAMET SA, and Umicore Cobalt & Specialty Materials (formerly known as Cobalt & Specialty Materials)
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global cobalt oxalate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cobalt oxalate market

Global Cobalt Oxalate Market Detailed Segmentation:

• By Product Type:
• Cobalt Oxalate Monohydrate
• Cobalt Oxalate Dihydrate
• Cobalt Oxalate Anhydrous
• By Application:
• Catalysts
• Pigments
• Electroplating
• Battery Materials
• Other Applications
• By Distribution Channel:
• Direct Sales (B2B)
• Distributors/Wholesalers
• Online Retailers
• Others
• By Purity Level:
• High Purity Cobalt Oxalate
• Standard Purity Cobalt Oxalate
• By End-Use Industry:
• Chemicals
• Automotive
• Electronics
• Pharmaceuticals
• Energy Storage
• Others
• By Geography:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
• Top Companies in the Global Cobalt Oxalate Market:
• Umicore N.V.
• Freeport-McMoRan Inc.
• Glencore plc.
• Huayou Cobalt Co., Ltd.
• Sherritt International Corporation
• Jinchuan Group International Resources Co. Ltd.
• Sumitomo Metal Mining Co., Ltd.
• Norilsk Nickel
• ERAMET SA
• Umicore Cobalt & Specialty Materials (formerly known as Cobalt & Specialty Materials)