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Global Cobalt Market Outlook 2017-2026, With an Expected CAGR of Over 10% – ResearchAndMarkets.com

The “Cobalt
– Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s
offering.

The Global Cobalt Market is expected to grow at a CAGR of 10.3% from
2017 to 2026. Rising demand for lightweight electric cars, increasing
application of cobalt in the medical sector and growing demand for
cobalt alloys in airplane engines are some of the key factors propelling
the market growth.

Cobalt is a chemical element with symbol Co. Cobalt is found in the
Earth’s crust only in chemically combined form, save for small deposits
found in alloys of natural meteoric iron. Cobalt in compound form occurs
in copper and nickel minerals. It is the major metallic component that
combines with sulfur and arsenic in the sulfidic cobaltite (CoAsS),
safflorite (CoAs2), glaucodot ((Co,Fe)AsS), and skutterudite (CoAs3)
minerals. Cobalt is mainly used in the manufacture of magnetic,
wear-resistant and high-strength alloys.

Based on Application, battery chemical has a significant growth in the
market during the forecast period. Cobalt when added to nickel-metal
hydride batteries and lithium-ion batteries helps in tackling problems
such as reduced life cycle, corrosion, and battery explosions by making
them more efficient and stable. The increased demand for cell phones,
laptops, electric cars and large-format rechargeable batteries is
driving the market growth in this sector. APAC accounted for the largest
market share during the forecast period.

Companies Mentioned

Key Topics Covered:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Cobalt Market, By Application

6 Global Cobalt Market, By End User

7 Global Cobalt Market, By Geography

8 Key Developments

9 Company Profiling

For more information about this report visit https://www.researchandmarkets.com/research/2b4ndl/global_cobalt?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180618005554/en/