| Product Code: ETC4876625 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Ireland`s cobalt nitrate import market continued to show strong growth in 2024, with top exporting countries including Belgium, Germany, UK, Sweden, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was 7.68%, with a notable growth rate of 21.08% from 2023 to 2024. This suggests sustained demand for cobalt nitrate in Ireland, supported by diverse import sources and consistent market expansion.

In the Europe region, the Cobalt Nitrate market in Ireland is projected to expand at a stable growth rate of 2.63% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Ireland Cobalt Nitrate Market Overview |
3.1 Ireland Country Macro Economic Indicators |
3.2 Ireland Cobalt Nitrate Market Revenues & Volume, 2021 & 2031F |
3.3 Ireland Cobalt Nitrate Market - Industry Life Cycle |
3.4 Ireland Cobalt Nitrate Market - Porter's Five Forces |
3.5 Ireland Cobalt Nitrate Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Ireland Cobalt Nitrate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Ireland Cobalt Nitrate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for cobalt-based batteries in the automotive industry |
4.2.2 Increasing use of cobalt nitrate in electronics and energy storage applications |
4.2.3 Favorable government policies supporting the adoption of renewable energy sources |
4.3 Market Restraints |
4.3.1 Fluctuating prices of cobalt in the global market |
4.3.2 Environmental concerns related to cobalt mining and processing |
4.3.3 Competition from alternative materials for similar applications |
5 Ireland Cobalt Nitrate Market Trends |
6 Ireland Cobalt Nitrate Market Segmentations |
6.1 Ireland Cobalt Nitrate Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Ireland Cobalt Nitrate Market Revenues & Volume, By Solid, 2021-2031F |
6.1.3 Ireland Cobalt Nitrate Market Revenues & Volume, By Solution, 2021-2031F |
6.2 Ireland Cobalt Nitrate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Ireland Cobalt Nitrate Market Revenues & Volume, By High-purity cobalt, 2021-2031F |
6.2.3 Ireland Cobalt Nitrate Market Revenues & Volume, By Feed additives, 2021-2031F |
6.2.4 Ireland Cobalt Nitrate Market Revenues & Volume, By Catalysts, 2021-2031F |
6.2.5 Ireland Cobalt Nitrate Market Revenues & Volume, By Dyes & Pigments, 2021-2031F |
6.2.6 Ireland Cobalt Nitrate Market Revenues & Volume, By Others, 2021-2031F |
7 Ireland Cobalt Nitrate Market Import-Export Trade Statistics |
7.1 Ireland Cobalt Nitrate Market Export to Major Countries |
7.2 Ireland Cobalt Nitrate Market Imports from Major Countries |
8 Ireland Cobalt Nitrate Market Key Performance Indicators |
8.1 Average selling price of cobalt nitrate in Ireland |
8.2 Percentage of cobalt nitrate used in battery manufacturing |
8.3 Number of new renewable energy projects using cobalt nitrate |
8.4 Research and development investment in cobalt nitrate technologies |
8.5 Sustainability metrics related to cobalt mining and processing |
9 Ireland Cobalt Nitrate Market - Opportunity Assessment |
9.1 Ireland Cobalt Nitrate Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Ireland Cobalt Nitrate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Ireland Cobalt Nitrate Market - Competitive Landscape |
10.1 Ireland Cobalt Nitrate Market Revenue Share, By Companies, 2024 |
10.2 Ireland Cobalt Nitrate 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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