Cobalt Oxalate Market Report: Trends, Forecast and Competitive Analysis to 2030

Cobalt Oxalate Market Report: Trends, Forecast and Competitive Analysis to 2030

Cobalt Oxalate Trends and Forecast

The future of the global cobalt oxalate market looks promising with opportunities in the chemical, automotive, electronic, pharmaceutical, and energy storage markets. The global cobalt oxalate market is expected to reach an estimated $985.0 million by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are growing demand in the building sector, particularly for windows, walls, and skylight applications, increase in demand for long-lasting and aesthetically pleasing signage, as well as, growing inclination of the automobile industry towards lightweight and impact-resistant materials.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Cobalt Oxalate by Segment

The study includes a forecast for the global cobalt oxalate by product type, purity level, application, end use, and region.

Cobalt Oxalate Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Cobalt Oxalate Monohydrate
• Cobalt Oxalate Dihydrate
• Cobalt Oxalate Anhydrous

Cobalt Oxalate Market by Purity Level [Shipment Analysis by Value from 2018 to 2030]:

• High Purity Cobalt Oxalate
• Standard Purity Cobalt Oxalate

Cobalt Oxalate Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Catalyst
• Pigment
• Electroplating
• Battery Material
• Others

Cobalt Oxalate Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Chemical
• Automotive
• Electronic
• Pharmaceutical
• Energy Storage
• Others

Cobalt Oxalate Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cobalt Oxalate Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cobalt oxalate companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cobalt oxalate companies profiled in this report include-

• Umicore
• Freeport-McMoRan
• Glencore
• Huayou Cobalt
• Sherritt International
• Jinchuan Group International Resources
• Sumitomo Metal Mining
• ERAMET
• Norilsk Nickel
• Umicore Cobalt & Specialty Materials

Cobalt Oxalate Market Insights

Lucintel forecasts that catalyst will remain the largest segment over the forecast period because the cobalt oxalate often offers higher conversion rates, improved product yields, and enhanced reaction control, making it a preferred choice for optimizing production processes.

APAC will remain the largest region over the forecast period due to growing cobalt demand in the creation of lithium-ion batteries and magnets in the region.

Features of the Global Cobalt Oxalate Market

Market Size Estimates: Cobalt oxalate market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cobalt oxalate market size by product type, purity level, application, end use, and region in terms of value ($M).

Regional Analysis: Cobalt oxalate market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product type, purity level, application, end use, and regions for the cobalt oxalate market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cobalt oxalate market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the cobalt oxalate market size?

Answer: The global cobalt oxalate market is expected to reach an estimated $985.0 million by 2030.

Q2. What is the growth forecast for cobalt oxalate market?

Answer: The global cobalt oxalate market is expected to grow with a CAGR of 5.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the cobalt oxalate market?

Answer: The major drivers for this market are growing demand in the building sector, particularly for windows, walls, and skylight applications, increase in demand for long-lasting and aesthetically pleasing signage, as well as, growing inclination of the automobile industry towards lightweight and impact-resistant materials.

Q4. What are the major segments for cobalt oxalate market?

Answer: The future of the global cobalt oxalate market looks promising with opportunities in the chemical, automotive, electronic, pharmaceutical, and energy storage markets.

Q5. Who are the key cobalt oxalate market companies?

Answer: Some of the key cobalt oxalate companies are as follows:

• Umicore
• Freeport-McMoRan
• Glencore
• Huayou Cobalt
• Sherritt International
• Jinchuan Group International Resources
• Sumitomo Metal Mining
• ERAMET
• Norilsk Nickel
• Umicore Cobalt & Specialty Materials

Q6. Which cobalt oxalate market segment will be the largest in future?

Answer: Lucintel forecasts that catalyst will remain the largest segment over the forecast period because the cobalt oxalate often offers higher conversion rates, improved product yields, and enhanced reaction control, making it a preferred choice for optimizing production processes.

Q7. In cobalt oxalate market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growing cobalt demand in the creation of lithium-ion batteries and magnets in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the cobalt oxalate market by product type (cobalt oxalate monohydrate, cobalt oxalate dihydrate, and cobalt oxalate anhydrous), purity level (high purity cobalt oxalate and standard purity cobalt oxalate), application (catalyst, pigment, electroplating, battery material, and others), end use (chemical, automotive, electronic, pharmaceutical, energy storage, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?