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Global Cobalt Powder market will reach 1150 million US$ by the end of 2025
Published Date: 2018/11/2
Global Cobalt Powder Market Research Report 2018 studies the global Cobalt Powder market status and forecast, categorizes the global Cobalt Powder market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).
This report studies the Cobalt Powder market, Cobalt powder is one of the main product forms of non-ferrous metal cobalt. Gray irregular powder, soluble in acid, magnetic, easily oxidized in humid air.
Currently, a few companies in the world can produce Cobalt Powder product, especially high-grade products. They mainly concentrated in China and EU. The main market players are Umicore, Freeport Cobalt, Hanrui Cobalt and Green Eco-Manufacturer. In the past five years, the sales volume of Cobalt Powder increased to from 9.5 K MT in 2012 to 11 K MT in 2016, with an average growth rate of 4%.
In consumption market, the growth rate of global consumption is stable relatively. EU is still the mainly consumption regions due to the advanced downstream industries and recover of economy. However, China is also an important consumer country.
Cobalt Powder can be classified as two types according to the purity, include 99.8% Grade, and 99.3% Grade. It can be widely used in many industries. Survey results showed that 40% of the Cobalt Powder market is Carbide industry, 32% is used in Superalloy industry. The downstream market demand is from Superalloy field.
The global Cobalt Powder market is valued at 580 million US$ in 2017 and will reach 1150 million US$ by the end of 2025, growing at a CAGR of 9.0% during 2018-2025.
Click to view the full report: https://www.qyresearch.com/index/detail/435900/global-cobalt-powder-market
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