Cobalt Acetate Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2018 – 2026

Global Cobalt Acetate Market is expected to experience a compound annual growth rate (CAGR) of 3.9% from 2019 to 2026. The demand is attributed to its numerous increasing applications such as catalyst paints. Paint manufacturing is the key industry using cobalt acetate as catalysts in the oxidation process and this is the main driver in the cobalt acetate market expected to boost the market growth at present and is expected to happen so in the coming years. Rising real estate industry with a heavy rise in the construction and refurbishment of buildings coupled with increased demand for usage of paints in the building is further expected to drive the global cobalt acetate market growth in the coming years. As a catalyst for oxidation, cobalt acetate also finds application in animal feed. Further, due to the increase in the various oxidation processes has led to a bigger demand for cobalt acetate. However, environment regulations which are getting strict to save the ecosystem would act as a restraint in the coming years due to its properties not suiting to the environment. Moreover, fluctuating prices of the cobalt acetate is unpredictable at the public level.

The scope of the cobalt acetate market covers by type, applications, and geography. Cobalt acetate market by type covers sub-segments namely purity >98%, >99%, and >999%, whereas the cobalt acetate market by application covers sub-segments such as paint dryers, catalysts, and zinc plated additives. By geography, North America, Asia Pacific, Europe, Rest of the World (RoW) has been covered globally. In addition, the key countries of each geography have been also profiled under the scope of the cobalt acetate market report. Across different geographies, China is one of the leading countries for cobalt acetate. The country is seen as a pioneering cobalt acetate market globally. In addition, cobalt acetate is known for its recyclable properties thereby used in the electric vehicle batteries. Also, it has a wide application across bleaching industries and drying lacquers. The cobalt acetate is also used as a mineral supplement as well as in inks synthesis. The beverage industry also uses cobalt acetate as it acts as a foam stabilizer.

The major manufacturers in the global cobalt acetate market are Eastman Chemical, ALT Cobalt & Nickel Products (Dalian), Yogi Dye Chem Industries, Inframat Advanced Materials, Umicore, Barker Industries, GFS Chemicals, Mil-Spec Industries Corp, Prochem, Hunter Chemical, and Loba Chemie, etc. among others.

The Highlights of the Global Cobalt Acetate Market Report

• The detailed analysis of Cobalt Acetate Market with respect to key segments such as type, application, and geography has been included in the report
• The report comprises the qualitative and quantitative analysis of the market with market estimation over 2018 – 2026 and CAGR between 2019 and 2026
• Comprehensive analysis of market dynamics including growth factors, restraining factors and opportunities will be provided in the cobalt acetate market report
• An exhaustive regional and country wise analysis of Cobalt Acetate Market has been covered in the report
• Profile of the major key players operating in the Cobalt Acetate Market will be provided, with a detailed study on their key financials, product & services, new developments, and business strategies

Scope of the Global Cobalt Acetate Market

Segments by Type:

• Purity >98%
• Purity >99%
• Purity >99.9%
• Others

Segments by Application

• Paint Driers
• Zinc Plated Additives
• Transesterification catalysts
• Others

Segments by Geography/ Region:

•    North America
o    The U.S.
o    Canada
o    Mexico

•    Europe
o    Germany
o    France
o    UK
o    Italy
o    Russia
o    Rest of Europe

•    Asia Pacific
o    China
o    Japan
o    India
o    South Korea
o    Taiwan
o    Rest of Asia Pacific

•    Rest of the World (RoW)

•    South America
o    Brazil
o    Argentina
o    Rest of South America

•    Middle East

•    Africa