Energy & Green Renewable Technology Market News

New research on cobalt power market forecasts healthy growth for next 5 years

Energy Market Research

Cobalt has many industrial uses like in automation, consumer electronics and many others. Due to its high ability of hardness rigidity the metal is much likely to obtain more applications and also has a longer life as compared to other metals.

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Cobalt contains excellent physical, chemical and mechanical properties.

The report on the global Cobalt power market Make an Inquiry about this news uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years.

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The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions.

It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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The key reasons driving the growth of the Cobalt powder market include the abilities like hardness, high temperature resistance.
Development of the automotive segment is one of the key growth opportunity drivers for this market.

However, the lack of supply is the major factor that may hamper the growth of the Cobalt powder market


This report analyzes the cobalt power market by the following segments:

1. Cobalt Powder Market, by End-User
2. Rechargeable Batteries
3. Industrial Chemicals
4. Aircraft Batteries


Key players in the cobalt power market include:

1. Sandvik Materials Technology
2. Sherritt International
3. Eramet and Norilsk Nickel
4. Minara Resources Pty Ltd.
5. Freeport Cobalt Oy
6. Sumitomo Corporation
7. Umicore – Cobalt & Specialty Materials

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