According to the report, the Cobalt Tetroxide market is expected to grow from USD 15,000 million in 2019 to USD 17,438 million by 2026, growing at a CAGR of 1.90% from 2019 to 2026.
Market Overview
The global Cobalt Tetroxide market is estimated to be USD 15,000 million in 2019 and is expected to reach USD 17,438 million by 2026, with a CAGR of 1.90% during the forecast period.
With the recovery of the global economy and the development of emerging powers, the Cobalt Tetroxide market is endowed with a promising future.
Cobalt Tetroxide is a black antiferromagnetic solid, adapting to a normal spinel structure with Co2+ ions in tetrahedral interstices and Co3+ ions in the octahedral interstices of the cubic close-packed lattice of oxide anions. Its formula can be written as CoIICoIII2O4 or as CoO•Co2O3.
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Competitive Insights
Key players operating in this market include Umicore, OMG, Freeport, KLK, Huayou Cobalt, Jinchuan Group, COBOTO, Galico, Haina New Material, and Dongxin Energy.
Regional Insights
North America is the leading market at a share of 33.45%. Europe is currently leading the Asia Pacific with a share of 32.48% and 28.89%.
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Application Insights
l Lithium-ion Battery
l Varistor
l Hard Alloy
l Catalyst
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Audience
l Cobalt Tetroxide manufacturers
l Distributors and resellers of Cobalt Tetroxide
l Cobalt Tetroxide industry associations
l Product managers, Cobalt Tetroxide industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
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