Global Cobalt Sulfate Market 2024-2028
The cobalt sulfate market is forecasted to grow by USD 502.9 mn during 2023-2028, accelerating at a CAGR of 6.52% during the forecast period. The report on the cobalt sulfate market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for cobalt sulfate due to the growth of the electric vehicle industry, the enlarged expansion of the smartphone industry, and the expanded recyclable properties of cobalt.
Technavio's cobalt sulfate market is segmented as below:
By Application
By Grade Type
- Battery grade
- Industrial grade
- Agriculture and feed grade
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increased emergence of primary cobalt mines as one of the prime reasons driving the cobalt sulfate market growth during the next few years. Also, the emergence of new cobalt recovery technology and the rising growth of the middle-class population will lead to sizable demand in the market.
The report on the cobalt sulfate market covers the following areas:
- Cobalt sulfate market sizing
- Cobalt sulfate market forecast
- Cobalt sulfate market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cobalt sulfate market vendors that include Anglo American plc, Australian Mines Ltd., Dalian Aote Cobalt Nickel New Material Manufacturing Co., DECCAN SULPHATE, Dhruv Chemicals, Freeport McMoRan Inc., Ganzhou Tengyuan Cobalt New Materials Co. Ltd., GEM Co. Ltd., Hunter Chemical LLC, INCASA SA, Jervois Global Ltd., Merck KGaA, Nantong Xinwei Nickel and Cobalt Hightech Development Co. Ltd., PARSHVA CHEMICALS, Parth Industries, PJSC MMC Norilsk Nickel, Umicore SA, Vedanta Ltd, Zhangjiagang Huayi Chemical Co. Ltd., and Zhejiang Huayou Cobalt Co. Ltd.. Also, the cobalt sulfate market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.