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Report overview
The global Cobalt-60 market was valued at 430.32 Million USD in 2021 and will grow with a CAGR of 6.71% from 2021 to 2027, based on Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Cobalt 60 is an isotope of cobalt. The radioactive source of cobalt 60 is widely used in agriculture, industry, medicine and other fields. It can be used for radiation breeding, stimulation of yield increase, radiation control of insect pests, food irradiation preservation and preservation, non-destructive inspection, radiation disinfection, Radiation processing, radiation treatment waste, thickness, density measurement and online automatic control, and radiotherapy for cancer and tumor. At present, only a few countries in the world, such as Canada, China, and Russia, have cobalt 60 production capacity, and the international market has a bright future.The key players in the global Cobalt-60 market are like Bruce Power and Rosatom, etc. In 2019, Bruce Power and Rosatom occupied market shares of about 54% and 25%, respectively. Classifications of Cobalt-60 are mainly High Specific Activity Cobalt-60 and General Cobalt-60. In 2019, General Cobalt-60 occupied the larger market share which is about 79%, while High Specific Activity Cobalt-60 occupied about 21%.
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