Global Cobalt Sulphate Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Cobalt Sulphate market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global cobalt sulphate market size was US$ 1.0 billion in 2020. The global cobalt sulphate market size is estimated to reach US$ 88.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2021 to 2030.
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Cobalt sulfate is an inorganic, divalent cobalt salt of sulfuric acid, represented by the chemical formula, CoSO4. It is utilized in applications like the electrochemical industry, coloring agents, paints and inks, and storage batteries.
Factors Influencing Market Growth
? Cost-effectiveness and solubility make it broadly utilized in applications such as decorating porcelain, drier in lithographic inks, preventing discoloring in glazed products, and varnishes driving the overall market expansion.
? The use of cobalt sulfate during the passivation process and cobalt plating is another element that propels the overall market expansion.
? The production and water treatment of electric cells and batteries boost the need for cobalt sulfate, thereby increasing the overall market expansion.
Effect of the COVID-19 Pandemic
COVID-19 had a severe impact on the overall market expansion. This is due to the government?s strict lockdown and regulations which shut down import and export facilities and also due to its reliance on chemical manufacturing, ceramics, pigment, batteries, and other end-use industries hindering the overall market expansion.
Regional Analysis
The LAMEA had the highest overall market expansion during the analysis period and dominated the market share during the analysis period. Cobalt sulfate is a source for pensive animals like cattle, sheep, and goats. Sheep and cattle farming in Saudi Arabia has achieved importance due to an increase in health consciousness and an increase in the use of cattle and meat among clients. All these elements drive the expansion of the overall market in the region.
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Leading Competitors
The prominent players in the global cobalt sulphate market are:
? Jervois Finland
? Ganzhou Tengyuan Cobalt Industrial
? Zhangjiagang Huayi Chemical
? Nantong Xinwei Nickel & Cobalt Hightech Development
? Norilsk Nickel
? Umicore
? Hunter Chemical LLC
? Jiayuan Cobalt Holdings Limited
? Merck KGaA
? Jinchuan Group International Resources
? Others
Segmentation Analysis
The global cobalt sulphate market segmentation focuses on Application and Region.
Segmentation on the basis of Application
? Alloys
? Magnets
? Hard Materials
? Catalyst
? Inks and Dyes
? Batteries
? Others
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Segmentation on the basis of Region
? North America
? The U.S.
? Canada
? Mexico
? Europe
? Western Europe
? The UK
? Germany
? France
? Italy
? Spain
? Rest of Western Europe
? Eastern Europe
? Poland
? Russia
? Rest of Eastern Europe
? Asia Pacific
? China
? India
? Japan
? Australia & New Zealand
? ASEAN
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? UAE
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Brazil
? Argentina
? Rest of South America
What our reviews offer:
Market share assessments for the regional and country-level segments
Strategic hints for the new entrants
Covers market facts for 2023, until 2031
Market tendencies (drivers, opportunities, threats, challenges, funding opportunities, and recommendations)
Strategic pointers in key enterprise segments based totally on the market estimations
Competitive landscaping mapping the key frequent trends
Company profiling with specified strategies, financials, and current developments
Supply chain tendencies mapping the modern day technological advancements
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Client Focus Area in this Report :
Is the influence of COVID-19 and the Russia-Ukraine conflict on the global market taken into account in this report?
Yes. We have definitely taken COVID-19 and the Russia-Ukraine war into account throughout the research because of their significant effects on the global supply chain relationships and raw material price system. We also go into great detail about the effects of the pandemic and the war on the Industry.
Can I change the report’s scope and make it my own to meet my needs?
Yes. Multidimensional, deep-level, and high-quality requirements that are specifically tailored to our customers can help them accurately grasp market opportunities, easily confront market challenges, properly formulate market strategies, and act quickly, giving them enough time and space for market competition.
How did the list of important players for the report come about?
We specifically study both the top businesses that are influential on a worldwide scale as well as the regional small and medium-sized businesses that play vital roles and have significant growth potential in order to clearly reflect the competitive condition of the industry.
What are the key sources of your data?
In putting together the report, both primary and secondary data sources were consulted. Comprehensive interviews with important thought leaders, subject-matter specialists (such as directors, CEOs, and marketing executives), downstream distributors, and end-users are examples of primary sources. Research of major firms’ annual and financial reports, public records, fresh journals, etc., are examples of secondary sources. We also collaborate with a few outside datasets.
What is the goal of the report?
- The market report presents the estimated size of the Cobalt Sulphate market at the end of the forecast period. The report also examines historical and current market sizes.
- During the forecast period, the report analyzes the growth rate, market size, and market valuation.
- The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
- The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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