According to a market report by Lucintel, 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 from $730.0 million in 2024,at 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 to understand trends, opportunity and forecast in cobalt oxalate market to 2030 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).
Lucintel forecasts that, within the application category, catalyst will remain the largest segment over the forecasts 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.
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In terms of regions, APAC will remain the largest region over the forecasts period due to growing cobalt demand in the creation of lithium-ion batteries and magnets in the region.
Umicore, Freeport-McMoRan, Glencore, Huayou Cobalt, Sherritt International, Jinchuan Group International Resources, Sumitomo Metal Mining, ERAMET, Norilsk Nickel, Umicore Cobalt & Specialty Materials are the major suppliers in the cobalt oxalate market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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