Report overview
Cobalt(II,III) oxide is an inorganic compound with the formula Co3O4. It is one of two well characterized cobalt oxides. It is a black antiferromagnetic solid. As a mixed valence compound, its formula is sometimes written as CoIICoIII2O4 and sometimes as CoO?Co2O3.
Cobalt(II) oxide or cobalt monoxide is an inorganic compound that appears as olive-green to red crystals, or as a greyish or black powder. It is used extensively in the ceramics industry as an additive to create blue colored glazes and enamels as well as in the chemical industry for producing cobalt(II) salts.
Cobalt (III) oxide is the inorganic compound with the formula of Co2O3. Although only two oxides of cobalt are well characterized, CoO and Co3O4, procedures claiming to give Co2O3 have been described. Thus treatment of Co(II) salts such as cobalt(II) nitrate with an aqueous solution of sodium hypochlorite (also known as bleach) gives a black solid. Some formulations of the catalyst hopcalite contain "Co2O3".
Market Analysis and Insights: Global Cobalt Oxide Market
Due to the COVID-19 pandemic, the global Cobalt Oxide market size is estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Cobalt(II) oxide(cobaltous oxide), CoO accounting for % of the Cobalt Oxide global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Lithium-ion Battery segment is altered to an % CAGR throughout this forecast period.
North America Cobalt Oxide market is estimated at US$ million in 2022, while Europe is forecast to reach US$ million by 2030. The proportion of the North America is % in 2022, while Europe percentage is %, and it is predicted that Europe share will reach % in 2030, trailing a CAGR of % through the analysis period 2023-2030. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Cobalt Oxide include Umicore, OMG, Freeport, KLK, Huayou Cobalt, Jinchuan Group, COBOTO, Galico and Haina New Material and etc. In terms of revenue, the global 3 largest players have a % market share of Cobalt Oxide in 2022.
Global Cobalt Oxide Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2018 to 2030. This section mentions the volume of production by region from 2018 to 2030. Pricing analysis is included in the report according to each type from the year 2018 to 2030, manufacturer from 2018 to 2023, region from 2018 to 2023, and global price from 2018 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global Cobalt Oxide Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2018 to 2030. by Application segment also provides consumption during the forecast period of 2018 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Cobalt(II) oxide(cobaltous oxide), CoO
Cobalt(III) oxide(cobaltic oxide), Co2O3
Cobalt(II,III) oxide, Co3O4
Segment by Application
Lithium-ion Battery
Varistor
Hard Alloy
Catalyst
Other
By Company
Umicore
OMG
Freeport
KLK
Huayou Cobalt
Jinchuan Group
COBOTO
Galico
Haina New Material
Dongxin Energy
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
