Global Cobalt Carbonate Market Outlook 2017-2022

Global cobalt carbonate market is estimated to expand at a substantial CAGR of 3.5% by 2022, according to a new report published by Gen Consulting Company. Cobalt carbonate is also known as “Spherocobaltite”. It is an inorganic mineral or compound. The factors that propel the growth of the cobalt carbonate market include wide use in the production of paints and pigments, improved shelf life, and convenience in mixing with the other compounds. On the other hand, there are factors that may hamper the growth of the market including high cost. 

Cobalt carbonate market may be explored by source type, application, end user, and geography. The market may be explored by source type as Natural and Synthetic. Cobalt carbonate market may be explored by product type as Wet solid and Dry powder. The market could be explored based on the application as Paint additives, Intermediates, Coating additives, Agricultural chemicals, and Paint pigments. Cobalt carbonate market could be explored based on the end user as Paint industry, Chemical industry, Agriculture industry, Pharmaceutical industry, Automotive industry, Food industry, and Aerospace industry. 

Cobalt carbonate market is categorized based on geography into North America, Latin America, Japan, Middle East, and Africa, Western Europe, Asia Pacific, and Eastern Europe. Asia-Pacific accounted for the major share of the Cobalt carbonate market in 2016 and will continue to lead in the forecast period. The key factors that may attributed to the growth of the market includes increasing demand for cobalt carbonate in India and China, and rising consumption of cobalt carbonate in the automotive industry in this region. Asia-Pacific is followed by European and North American region owing to an increase in demand. 

The key players contributing to the robust growth of the Cobalt carbonate market comprise KEZI INDUSTRIES, IMERYS Pigments, abcr GmbH, Celtic Chemicals, IS Chemical Technology, Finetech Industry Limited, Ark Pharm, Inc., MP Biomedicals, AN PharmaTech, VladaChem and Aurora Fine Chemicals LLC. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

The global market for cobalt carbonate will grow at a CAGR of 3.5% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (Fine Chemicals, Ceramics, Catalyst, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the cobalt carbonate market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the cobalt carbonate market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cobalt carbonate market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global cobalt carbonate market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the Fine Chemicals, Ceramics, Catalyst, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global cobalt carbonate market.

Key Applications
• Fine Chemicals
• Ceramics
• Catalyst

Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Key Vendors
• Jiangsu Cobalt Nickel
• Umicore
• Freeport Cobalt
• Huayou
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Key Questions Answered in this Report
• What will the market size be in 2022?
• What are the key factors driving the global cobalt carbonate market?
• What are the challenges to market growth?
• Who are the key players in the cobalt carbonate market?
• What are the market opportunities and threats faced by the key players?