| Product Code: ETC4870463 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium continued to be a significant importer of cobalt chloride, with top suppliers being Jordan, Germany, Netherlands, Israel, and Spain. Despite a high concentration of supply among these countries, the market experienced a declining trend with a CAGR of -6.58% from 2020 to 2024. Furthermore, the growth rate saw a sharp decline of -41.17% from 2023 to 2024, indicating potential challenges in the cobalt chloride import market for Belgium.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Cobalt Chloride Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Cobalt Chloride Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Cobalt Chloride Market - Industry Life Cycle |
3.4 Belgium Cobalt Chloride Market - Porter's Five Forces |
3.5 Belgium Cobalt Chloride Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Belgium Cobalt Chloride Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Belgium Cobalt Chloride Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for cobalt chloride in rechargeable batteries due to growth in electric vehicle production |
4.2.2 Growth in the chemical industry and use of cobalt chloride in catalysts and pigments |
4.2.3 Technological advancements leading to new applications of cobalt chloride in various industries |
4.3 Market Restraints |
4.3.1 Fluctuating prices of cobalt in the global market impacting the cost of cobalt chloride |
4.3.2 Environmental concerns and regulations surrounding cobalt mining and processing |
4.3.3 Competition from alternative materials or substitutes for cobalt chloride in certain applications |
5 Belgium Cobalt Chloride Market Trends |
6 Belgium Cobalt Chloride Market Segmentations |
6.1 Belgium Cobalt Chloride Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Cobalt Chloride Market Revenues & Volume, By Adhesives and sealants, 2021-2031F |
6.1.3 Belgium Cobalt Chloride Market Revenues & Volume, By Agrochemicals, 2021-2031F |
6.1.4 Belgium Cobalt Chloride Market Revenues & Volume, By Construction chemicals, 2021-2031F |
6.1.5 Belgium Cobalt Chloride Market Revenues & Volume, By Dyes and pigments, 2021-2031F |
6.1.6 Belgium Cobalt Chloride Market Revenues & Volume, By Electronic chemicals, 2021-2031F |
6.1.7 Belgium Cobalt Chloride Market Revenues & Volume, By Flavors and fragrances, 2021-2031F |
6.2 Belgium Cobalt Chloride Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Belgium Cobalt Chloride Market Revenues & Volume, By Acidizing chemicals, 2021-2031F |
6.2.3 Belgium Cobalt Chloride Market Revenues & Volume, By Anti-foaming agents, 2021-2031F |
6.2.4 Belgium Cobalt Chloride Market Revenues & Volume, By Biocides and disinfectants, 2021-2031F |
6.2.5 Belgium Cobalt Chloride Market Revenues & Volume, By Bleaching and RCF chemicals, 2021-2031F |
6.2.6 Belgium Cobalt Chloride Market Revenues & Volume, By Cementing chemicals, 2021-2031F |
6.2.7 Belgium Cobalt Chloride Market Revenues & Volume, By Coatings chemicals, 2021-2031F |
7 Belgium Cobalt Chloride Market Import-Export Trade Statistics |
7.1 Belgium Cobalt Chloride Market Export to Major Countries |
7.2 Belgium Cobalt Chloride Market Imports from Major Countries |
8 Belgium Cobalt Chloride Market Key Performance Indicators |
8.1 Average selling price of cobalt chloride in Belgium |
8.2 Number of patents filed for new applications of cobalt chloride |
8.3 Percentage of cobalt chloride sourced from ethical and sustainable supply chains |
9 Belgium Cobalt Chloride Market - Opportunity Assessment |
9.1 Belgium Cobalt Chloride Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Belgium Cobalt Chloride Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Belgium Cobalt Chloride Market - Competitive Landscape |
10.1 Belgium Cobalt Chloride Market Revenue Share, By Companies, 2024 |
10.2 Belgium Cobalt Chloride Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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