The global demand for Cobalt Carbonate Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2021 and foreseen to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Cobalt carbonate is an inorganic reddish pigment, an intermediate in the hydrometallurgical purification of cobalt from its ores. It is most popularly used as a pigment in ceramic, soap, and paint industry and as a catalyst and reactant in compound manufacturing. It is also recognized by different names: cobaltous carbonate and sphaerocobaltite. It is produced in many grades, including military-grade, ACS, reagent and technical grade, food, agricultural and pharmaceutical grade, optical grade, USP and European pharmacopeia or British pharmacopeia, and obeys applicable ASTM testing standards.
Market Dynamics
Rising application in end-use industries drives the demand for cobalt carbonate. The cobalt carbonate properties, such as shelf life and enhanced mixing properties of the compound, are anticipated to be the primary factor for its increased adoption across industries. The paint industry is projected to be the largest segment during the forecast period. The cobalt carbonate applications in the paint industry are anticipated to be a significant factor contributing to growth during the forecast period. As a result, market players are expanding their production capacities to meet the swelling demand.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of cobalt carbonate.
Market Segmentation
The entire cobalt carbonate market has been sub-categorized into source type, product, application and end-users. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Source Type
By Product
By Application
- Paint Additives
- Intermediates
- Paint Pigments
- Coating Additives
- Agricultural Chemicals
By End-Users
- Paint Industry
- Automotive Industry
- Agriculture Industry
- Chemical Industry
- Pharmaceutical Industry
- Aerospace Industry
- Food Industry
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for cobalt carbonate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Cobalt Carbonate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cobalt carbonate market include Imerys Pigments, Celtic Chemicals, IS Chemical Technology, KEZI Industries, Ark Pharm, Inc., Finetech Industry Limited, VladaChem, MP Biomedicals, Aurora Fine Chemicals LLC. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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