Cobalt oxide nanoparticle

The Cobalt Market is Projected to Expand Globally

Retrieved on: 
Thursday, November 1, 2018
Chemistry, Ferromagnetic materials, Cobalt, Cobalt mining, Electric vehicle battery, Electric vehicle, Electric battery, Cobalt oxide nanoparticle

Based on application, the cobalt market is segmented into batteries and electronics, super alloys, pigments and hard materials.

Key Points: 
  • Based on application, the cobalt market is segmented into batteries and electronics, super alloys, pigments and hard materials.
  • In 2017, the batteries and electronics segment held the largest market share, accounting for nearly 48% of the market.
  • Recyclability of the metal is one of the key features for the cobalt market as the demand for cobalt is increasing rapidly.
  • This would increase electric vehicle battery production, which, in turn, would push the demand for cobalt, thereby driving the global cobalt market."