Cobalt is a silver-gray mineral that is hard and brittle in nature. Cobalt is used for a wide range of chemical and metallurgical applications worldwide. Cobalt oxides having different cobalt content are widely used in the ceramics market and in the coloring applications.
The specific particle size of cobalt oxide is used for specific applications. Cobalt oxides find major applications in the catalyst, magnet and electronic industry. Cobalt oxides are widely used as a precursor for manufacturing cathode material to be used in the rechargeable batteries.
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Cobalt Oxide Market Expert Opinions Analysis to 2020
1. Cobalt Oxide Market - Global Industry Expert Opinions
Analysis, Emerging Opportunities, Market Size, Share,
Growth Drivers, Market Trends, Statistics And Forecast
2015 - 2020
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2. Report Description
Cobalt is a silver-gray mineral that is hard and brittle in nature. Cobalt is used for a wide
range of chemical and metallurgical applications worldwide. Cobalt oxides having different
cobalt content are widely used in the ceramics market and in the coloring applications.
The specific particle size of cobalt oxide is used for specific applications. Cobalt oxides find
major applications in the catalyst, magnet and electronic industry. Cobalt oxides are widely
used as a precursor for manufacturing cathode material to be used in the rechargeable
batteries.
Complete Report with TOC @ http://www.mrrse.com/cobalt-oxide-market .
3. Scope
The growing electronic industry is expected to boost the overall demand of cobalt oxide.
Cobalt oxide exhibits efficient electronic and magnetic bonding properties making it a suitable
choice for the electronics applications. Cobalt oxides exhibit the property of ferromagnetic at
extremely low temperature. Thus, the magnetic semiconductor property of the cobalt oxide
has helped it in capturing the market share in the electronic industry. There are several
scientific evidences that prove cobalt oxide to have high catalytic properties. Thus, cobalt
oxides are widely used in the chemical industry as a catalyst to manufacture various chemicals.
Cobalt oxide is also used as a catalyst in the petrochemical and plastic industry.
China and Japan being the largest producer of the electronic market is expected to boost the
overall demand for cobalt oxide in Asia Pacific. However, China lacks as far as the resources of
cobalt are concerned. Hence, cobalt has to be imported from various other countries in China.
Cobalt oxide also is used widely for manufacturing cathode material that has applications in
the rechargeable batteries. Many companies are investing in research and development to
produce modified cobalt oxides which can be used for many other applications.
4. Key Players
The key participants of the cobalt oxide market include READE Speciality Chemicals, Anchor
chemical industries, Nicomet, Umicore cobalt and specialty chemicals among others.
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