Global Cobalt Hydroxide Market Report, History and Forecast 2016-2027, Breakdown Data by Manufacturers, Key Regions, Types and Application

Cobalt Hydroxide is a highly water insoluble crystalline Cobalt source for uses compatible with higher (basic) pH environments. Cobalt(II) hydroxide is most used as a drying agent for paints, varnishes, and inks, in the preparation of other cobalt compounds, as a catalyst and in the manufacture of battery electrodes. The report covers refined cobalt hydroxide with a refined cobalt content of over 61%.
Currently, Freeport Cobalt, The Shepherd Chemical Company, Umicore and Huayou Cobalt are the leaders of refined cobalt hydroxide industry. Freeport Cobalt is a global leader. In 2019, Freeport Cobalt holds a sales share of about 22%.
Refined cobalt hydroxide is widely used in cobalt compounds, paint drying agent, ink drying agent and electrode materials. In2019, the cobalt compound preparation application has a market share of about 34%, while the drying agent has the second largest application share.

Market Analysis and Insights: Global Cobalt Hydroxide Market
In 2020, the global Cobalt Hydroxide market size was US$ 602.6 million and it is expected to reach US$ 646.1 million by the end of 2027, with a CAGR of 1.0% between 2021 and 2027
Global Cobalt Hydroxide Scope and Market Size
The global Cobalt Hydroxide market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Cobalt Hydroxide market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
Industrial Grade
Battery Grade

Segment by Application
Cobalt Compound Preparation
Drying Agent In Paints/Inks
Battery Electrode Manufacturing
Others

By Company
Freeport Cobalt
The Shepherd Chemical Company
Umicore
Huayou Cobalt
Great Power
Hanrui Cobalt
Xinwei Nickel & Cobalt
ALT Cobalt & Nickel Products

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE