India Cobalt Hydroxide Market (2024-2030) Outlook | Value, Analysis, Companies, Forecast, Size, Revenue, Share, Industry, Growth & Trends

Market Forecast By By End Users (Cobalt Compound Preparation, Drying Agent In Paints/Inks, Battery Electrode Manufacturing, Others) And Competitive Landscape

Product Code: ETC197316	Publication Date: Jul 2023	Updated Date: Jan 2024	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 60	No. of Figures: 40	No. of Tables: 7

India Cobalt Hydroxide Market Synopsis

Cobalt hydroxide is a compound of cobalt and hydroxide ions. It is produced by the oxidation of cobalt salts such as cobalt sulfate which results in the formation of a blue-grey powder. It has wide applications in electronics, pigments, catalysts and batteries due to its high dielectric constant, thermal and electrical conductivity.

Market Drivers

The rising demand for rechargeable batteries and their increased usage in consumer electronic products are driving the growth of the India cobalt hydroxide market. The increasing adoption of electric vehicles owing to government initiatives promoting sustainability is also providing impetus to the market growth globally. Furthermore, growing automotive industry coupled with stringent emission norms are further fuelling the demand for lithium-ion based battery cells that require large amounts of cobalt hydroxide as one its key components. Additionally, development in healthcare sector such as equipment???s like MRI machines etc., will drive this market over forecast period 2023???2029.

Challenges of the Market

The availability of substitutes at comparatively cheaper prices might hinder India Cobalt Hydroxide Market growth during forecast period 2023???2029. Further , fluctuating prices & supply chain disruptions caused by Covid 19 pandemic could be restraints hindering market growth.

Key Players in the Market

Some key players operating in India Cobalt Hydoxide Market include BHP Group Limited , Umicore Nv/sa , Jiangsu Guoxi High Tech Co.,Ltd , Eramet SA (Group), Anglo American Plc among others. These companies focus on new product launches & collaborations with other players to strengthen their foothold across various regions.

COVID-19 impact on the market

Pandemic had major impact on manufacturing activities causing disruption within entire supply chain resulting into decline in production capacities & higher lead times leading towards shortage if raw materials including Cobalt Hydoxides hence affecting overall price stability within markets.

Key Highlights of the Report:

India Cobalt Hydroxide Market Outlook
Market Size of India Cobalt Hydroxide Market, 2023
Forecast of India Cobalt Hydroxide Market, 2030
Historical Data and Forecast of India Cobalt Hydroxide Revenues & Volume for the Period 2020-2030
India Cobalt Hydroxide Market Trend Evolution
India Cobalt Hydroxide Market Drivers and Challenges
India Cobalt Hydroxide Price Trends
India Cobalt Hydroxide Porter's Five Forces
India Cobalt Hydroxide Industry Life Cycle
Historical Data and Forecast of India Cobalt Hydroxide Market Revenues & Volume By By End Users for the Period 2020-2030
Historical Data and Forecast of India Cobalt Hydroxide Market Revenues & Volume By Cobalt Compound Preparation for the Period 2020-2030
Historical Data and Forecast of India Cobalt Hydroxide Market Revenues & Volume By Drying Agent In Paints/Inks for the Period 2020-2030
Historical Data and Forecast of India Cobalt Hydroxide Market Revenues & Volume By Battery Electrode Manufacturing for the Period 2020-2030
Historical Data and Forecast of India Cobalt Hydroxide Market Revenues & Volume By Others for the Period 2020-2030
India Cobalt Hydroxide Import Export Trade Statistics
Market Opportunity Assessment By By End Users
India Cobalt Hydroxide Top Companies Market Share
India Cobalt Hydroxide Competitive Benchmarking By Technical and Operational Parameters
India Cobalt Hydroxide Company Profiles
India Cobalt Hydroxide Key Strategic Recommendations