Singapore Emerges as Strategic Hub in Global Cobalt Trade

0
2KB

Global Cobalt Market Projected to Reach $34.73 Billion by 2035

The Global Cobalt Market is poised for significant growth, with projections indicating a rise from $16.12 billion in 2024 to approximately $34.73 billion by 2035, reflecting a Compound Annual Growth Rate (CAGR) of 7.23%.

This surge is primarily driven by the escalating demand for electric vehicles (EVs) and the subsequent need for lithium-ion batteries, where cobalt plays a crucial role.

Competitive Landscape

The cobalt industry is highly fragmented and competitive, with leading companies focusing on research and development to offer cost-effective and innovative superalloys for magnetic materials. Notable players in the market include Glencore plcChina Molybdenum Co., Ltd. (CMOC)Vale S.A.Eurasian Resources Group, and Sherritt International Corporation. These companies are actively enhancing their product portfolios and engaging in strategic mergers and acquisitions to strengthen their market positions.

To explore further details about this research, please go to:

https://www.maximizemarketresearch.com/request-sample/83884/

Regional Demand Highlights

The Asia-Pacific region dominates the cobalt market, with China leading in both consumption and importation. In 2023, China imported cobalt worth $2.55 billion, underscoring its significant demand driven by the expansive EV and electronics industries.

Additionally, the region is expected to exhibit the highest CAGR during the forecast period, attributed to the presence of major emerging economies like China, India, and Japan.

The United States is witnessing consolidation in its cobalt market, with companies engaging in mergers and acquisitions to secure supply chains and reduce dependence on foreign sources. Initiatives to develop domestic cobalt resources and recycling capabilities are underway, aiming to enhance national security and support the burgeoning EV industry.

Vietnam: Cobalt Opportunities

Vietnam's mergers and acquisitions market is anticipated to experience substantial growth by 2025, potentially impacting the cobalt industry. The country's strategic initiatives to attract foreign investments may lead to increased activities in the cobalt sector, fostering opportunities for both local and international stakeholders.

 
Segmentation Analysis

by Application

Battery Chemicals
Super alloys
Ceramics and pigments
Hard metals
Magnet
Binder Materials
Life Science
Others

by Form

Metal
Chemical compound

by End User

Alloys
Magnets
Hard Materials
Catalyst
Inks and Dyes
Batteries
Others

For additional resources and details on this research, check out:
 
 
 
Key Market Participants:

1. Glencore plc (Switzerland)
2. Umicore (Belgium)
3. Vale S.A. (Brazil)
4. Jinchuan Group Internation Resources Co. Ltd. (Hong Kong)
5. Huayou cobalt Co Ltd (China)
6. Freeport cobalt (Finland)
7. Sherrit International Corporation (Canada)
8. BHP (Australia)
9. Eramet (France)
10. Votorantim Metals SA (Brazil)
11. Sumitomo Corporation (Japan)
12. CMOC International
13. Missouri Cobalt, LLC
14. China Molybdenum Co., Ltd.
15. Norilsk Nickel
16. GEM Co., Ltd.
17. Yantai Cash Industrial Co Ltd.
18. Horizonte Minerals
19. Jervois Mining
20. FLEURETTE PROPERTIES LIMITED

Catch Up with Trending Topics:

Methanol Market:

https://www.maximizemarketresearch.com/market-report/methanol-market/126817/

Global Rare Earth Elements Market :

https://www.maximizemarketresearch.com/market-report/rare-earth-elements-market/99093/

 

 

 

 

About Us:

Maximize Market Research is one of the fastest-growing Market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

Contact Us:

MAXIMIZE Market RESEARCH PVT. LTD.

3rd Floor, Navale IT park Phase 2,

Pune Banglore Highway, Narhe

Pune, Maharashtra 411041, India.

+91 9607365656

sales@maximizeMarketresearch.com 

Gesponsert
Suche
Gesponsert
Kategorien
Mehr lesen
Health and Wellness
A Psychological Theory of Moral Truth. People mistake moral feelings for truths because it makes them more persuasive. Reviewed by Jessica Schrader
KEY POINTS- Factual claims are either true or false, while emotional interjections and...
Von Ikeji 2023-07-10 04:37:57 0 4KB
News
Egypt looks elsewhere to get the stealth fighters the US reneged on
The US reneged on Trump's promise to sell F-35 stealth fighters to Egypt. The Egypts are...
Von Ikeji 2024-08-26 03:10:42 0 2KB
News
53 British Citizens Involved In Air India Plane Crash in Ahmedabad; UK PM Keir Starmer Calls It ‘Devastating’
Air India said that the 242 passengers and crew on board the London-bound passenger plane that...
Von Ikeji 2025-06-13 18:29:46 0 877
Startseite
Cortinas Para Exteriores Chile Elegancia y Protección para tu Terraza
Descubre las mejores cortinas para exteriores en Chile con Coverlux, la marca líder en...
Von alexander 2025-07-18 04:16:09 0 944
Music
Kansas City DUI Lawyer: Essential Information
Facing a DUI (Driving Under the Influence) charge in Kansas City can be a stressful and...
Von camscanner43 2024-07-23 14:05:41 0 2KB
Gesponsert
google-site-verification: google037b30823fc02426.html