Product Code: ETC086563 | Publication Date: Aug 2023 | Updated Date: Apr 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Cobalt Market registered a growth of 35.55% in value shipments in 2022 as compared to 2021 and an increase of 4.07% CAGR in 2022 over a period of 2017. In Cobalt Market India is becoming less competitive as HHI index in 2022 was 1163 while in 2017 it was 991. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Cobalt Market.
The India cobalt Marketis expected to witness a substantial growth over the forecast period. The country`s economic expansion and growing demand for electric vehicles are anticipated to fuel the growth of the market. Moreover, rising government initiatives such as Make in India and Skill India have also been contributing significantly towards strengthening the business environment in the country. Furthermore, increasing investments from automotive manufacturers into developing advanced technologies for powertrain components are likely to create further opportunities for cobalt producers across India. Additionally, with surging use of long-life lithium ion batteries in consumer electronics products such as laptops and smartphones among others, there has been an increase in demand for high quality battery grade cobalt. This factor is likely to drive investment into research & development activities pertaining to producing better quality and more cost effective battery grade cobalt which would prove beneficial for India players operating within this space over upcoming years.
The major drivers behind the India Cobalt Market are increasing industrialization and technological advancements that have led to increased usage of high-performance materials like titanium alloys which require large quantities of cobalt. Additionally, surging investments from both domestic and international players into research and development activities related to lithium-ion battery technology is providing further impetus to the market growth. Furthermore, rising awareness about environmental protection coupled with government initiatives such as FAME (Faster Adoption & Manufacturing of Electric vehicles) II scheme are expected to bolster growth opportunities over the coming years.
However there exist some challenges too such as fluctuating raw material prices owing to volatile global supply chain dynamics along with growing concerns over health hazards associated with cobalt exposure can impede market expansion going forward. Moreover capacity constraints at extraction sites may act as a hindrance against rapid market expansion
Some notable players operating in India Cobalt Market include Vedanta Resources Ltd., Hindustan Copper Limited (HCL), Tata Steel Ltd., Jindal Stainless Steel Company Pvt Ltd., Nalco Holdings India Pvt Ltd., Sterlite Technologies Ltd., Birla Corporation Limited among others who together account for more than 70% share in the overall industry revenue
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 India Cobalt Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cobalt Market Revenues & Volume, 2020 & 2027F |
3.3 India Cobalt Market - Industry Life Cycle |
3.4 India Cobalt Market - Porter's Five Forces |
3.5 India Cobalt Market Revenues & Volume Share, By Form, 2020 & 2027F |
3.6 India Cobalt Market Revenues & Volume Share, By Application, 2020 & 2027F |
3.7 India Cobalt Market Revenues & Volume Share, By End-Users, 2020 & 2027F |
4 India Cobalt Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Cobalt Market Trends |
6 India Cobalt Market, By Types |
6.1 India Cobalt Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 India Cobalt Market Revenues & Volume, By Form, 2018 - 2027F |
6.1.3 India Cobalt Market Revenues & Volume, By Chemical Compound, 2018 - 2027F |
6.1.4 India Cobalt Market Revenues & Volume, By Metal, 2018 - 2027F |
6.1.5 India Cobalt Market Revenues & Volume, By Purchased Scrap, 2018 - 2027F |
6.2 India Cobalt Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Cobalt Market Revenues & Volume, By Battery Chemicals, 2018 - 2027F |
6.2.3 India Cobalt Market Revenues & Volume, By Super Alloy, 2018 - 2027F |
6.2.4 India Cobalt Market Revenues & Volume, By Ceramic & Pigments, 2018 - 2027F |
6.2.5 India Cobalt Market Revenues & Volume, By Hard Metals, 2018 - 2027F |
6.2.6 India Cobalt Market Revenues & Volume, By Magnets, 2018 - 2027F |
6.2.7 India Cobalt Market Revenues & Volume, By Life Science, 2018 - 2027F |
6.3 India Cobalt Market, By End-Users |
6.3.1 Overview and Analysis |
6.3.2 India Cobalt Market Revenues & Volume, By Electronics, 2018 - 2027F |
6.3.3 India Cobalt Market Revenues & Volume, By Automotive, 2018 - 2027F |
6.3.4 India Cobalt Market Revenues & Volume, By Aerospace, 2018 - 2027F |
6.3.5 India Cobalt Market Revenues & Volume, By Medical, 2018 - 2027F |
7 India Cobalt Market Import-Export Trade Statistics |
7.1 India Cobalt Market Export to Major Countries |
7.2 India Cobalt Market Imports from Major Countries |
8 India Cobalt Market Key Performance Indicators |
9 India Cobalt Market - Opportunity Assessment |
9.1 India Cobalt Market Opportunity Assessment, By Form, 2020 & 2027F |
9.2 India Cobalt Market Opportunity Assessment, By Application, 2020 & 2027F |
9.3 India Cobalt Market Opportunity Assessment, By End-Users, 2020 & 2027F |
10 India Cobalt Market - Competitive Landscape |
10.1 India Cobalt Market Revenue Share, By Companies, 2020 |
10.2 India Cobalt Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |