Global Cobalt Oxide Market Outlook 2022

Cobalt(II,III) oxide is an inorganic compound with the formula Co3O4. It is one of two well characterized cobalt oxides. It is a black antiferromagnetic solid. As a mixed valence compound, its formula is sometimes written as CoIICoIII2O4 and sometimes as CoO•Co2O3.
Cobalt(II) oxide or cobalt monoxide is an inorganic compound that appears as olive-green to red crystals, or as a greyish or black powder. It is used extensively in the ceramics industry as an additive to create blue colored glazes and enamels as well as in the chemical industry for producing cobalt(II) salts.
Cobalt (III) oxide is the inorganic compound with the formula of Co2O3. Although only two oxides of cobalt are well characterized, CoO and Co3O4, procedures claiming to give Co2O3 have been described. Thus treatment of Co(II) salts such as cobalt(II) nitrate with an aqueous solution of sodium hypochlorite (also known as bleach) gives a black solid. Some formulations of the catalyst hopcalite contain "Co2O3".

Market Analysis and Insights: Global Cobalt Oxide Market
The global Cobalt Oxide market was valued at US$ million in 2020 and it is expected to reach US$ million by the end of 2027, growing at a CAGR of % during 2021-2027.

Global Cobalt Oxide Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Cobalt Oxide Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Cobalt(II) oxide(cobaltous oxide), CoO
Cobalt(III) oxide(cobaltic oxide), Co2O3
Cobalt(II,III) oxide, Co3O4

Segment by Application
Lithium-ion Battery
Varistor
Hard Alloy
Catalyst
Other

By Company
Umicore
OMG
Freeport
KLK
Huayou Cobalt
Jinchuan Group
COBOTO
Galico
Haina New Material
Dongxin Energy

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E