PUBLISHER: KBV Research | PRODUCT CODE: 1450503
PUBLISHER: KBV Research | PRODUCT CODE: 1450503
North America Cobalt Sulphate Market Size, Share & Trends Analysis Report By Application (Batteries, Alloys, Magnets, Hard Materials, Catalyst, Inks & Dyes and Others), By Country and Growth Forecast, 2023 - 2030
The North America Cobalt Sulphate Market would witness market growth of 5.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 215.2 Hundred Tonnes, showcasing a growth of 4.7% (2019-2022).
The automotive industry has been a key driver for adopting this compound. Electric vehicles, which rely heavily on lithium-ion batteries, have become more mainstream, and this compound is a key ingredient in the cathodes of these batteries. As an additional measure to promote the adoption of electric vehicles, governments are implementing policies that augment the need for this compound.
Additionally, this compound is also utilized in the agricultural sector as a micronutrient in animal feed and fertilizers. Cobalt is an essential element for ruminant animals, playing a crucial role in their metabolism. As agriculture faces the challenge of meeting the growing food demand, this compound as a micronutrient is expected to continue.
As per the data from the International Trade Administration, in 2022, the installed capacity of Mexico's clean energy plants (renewable and non-renewable) was 31,369 MW, which represented an increase of 1.81 percent in comparison to the previous year, when the installed capacity of clean energy accounted for 30,812 MW. The installed renewable energy capacity mainly came from hydro, wind, and photovoltaic solar PV plants. Additionally, as per the article titled New Motor Vehicle Registrations, third quarter 2022, released by Statistics Canada, overall, 34,313 new zero-emission vehicles (ZEVs) were registered in the third quarter of 2022, comprising 8.7% of total new motor vehicle registrations. The number of new ZEVs registered continued to increase, up 43.2% year over year. Thus, North America's growing renewable energy sector and electric vehicle sales will propel the demand.
The US market dominated the North America Cobalt Sulphate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $296.8 million by 2030. The Canada market is experiencing a CAGR of 7.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.9% during (2023 - 2030).
Based on Application, the market is segmented into Batteries, Alloys, Magnets, Hard Materials, Catalyst, Inks & Dyes and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- JERVOIS GLOBAL LIMITED
- Shepherd Chemical Company
- Nantong Xinwei Nickel & Cobalt Hightech Development Co.,Ltd.
- Freeport-McMoRan Inc.
- Umicore NV-SA
- Hunter Chemical, LLC
- Merck KGaA
- Incasa S.A
North America Cobalt Sulphate Market Report Segmentation
By Application (Volume, Hundred Tonnes, USD Billion, 2019-2030)
- Batteries
- Alloys
- Magnets
- Hard Materials
- Catalyst
- Inks & Dyes
- Others
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1North America Cobalt Sulphate Market, by Application
- 1.4.2North America Cobalt Sulphate Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.North America Cobalt Sulphate Market by Application
- 4.1North America Batteries Market by Country
- 4.2North America Alloys Market by Country
- 4.3North America Magnets Market by Country
- 4.4North America Hard Materials Market by Country
- 4.5North America Catalyst Market by Country
- 4.6North America Inks & Dyes Market by Country
- 4.7North America Others Market by Country
Chapter 5.North America Cobalt Sulphate Market by Country
- 5.1US Cobalt Sulphate Market
- 5.1.1US Cobalt Sulphate Market by Application
- 5.2Canada Cobalt Sulphate Market
- 5.2.1Canada Cobalt Sulphate Market by Application
- 5.3Mexico Cobalt Sulphate Market
- 5.3.1Mexico Cobalt Sulphate Market by Application
- 5.4Rest of North America Cobalt Sulphate Market
- 5.4.1Rest of North America Cobalt Sulphate Market by Application
Chapter 6.Company Profiles
- 6.1JERVOIS GLOBAL LIMITED
- 6.1.1Company Overview
- 6.1.2Financial Analysis
- 6.2Shepherd Chemical Company
- 6.2.1Company Overview
- 6.3Nantong Xinwei Nickel & Cobalt Hightech Development Co.,Ltd.
- 6.3.1Company Overview
- 6.4Umicore NV-SA
- 6.4.1Company Overview
- 6.4.2Financial Analysis
- 6.5Hunter Chemical, LLC
- 6.5.1Company Overview
- 6.6Incasa S.A
- 6.6.1Company Overview
- 6.7Freeport-McMoRan Inc.
- 6.7.1Company Overview
- 6.7.2Financial Analysis
- 6.8Merck KGaA
- 6.8.1Company Overview
- 6.8.2Financial Analysis
- 6.8.3Segmental and Regional Analysis
- 6.8.4Research & Development Expense
- 6.8.5SWOT Analysis
LIST OF TABLES
- TABLE 1North America Cobalt Sulphate Market, 2019 - 2022, USD Million
- TABLE 2North America Cobalt Sulphate Market, 2023 - 2030, USD Million
- TABLE 3North America Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
- TABLE 4North America Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
- TABLE 5North America Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
- TABLE 6North America Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
- TABLE 7North America Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
- TABLE 8North America Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
- TABLE 9North America Batteries Market by Country, 2019 - 2022, USD Million
- TABLE 10North America Batteries Market by Country, 2023 - 2030, USD Million
- TABLE 11North America Batteries Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 12North America Batteries Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 13North America Alloys Market by Country, 2019 - 2022, USD Million
- TABLE 14North America Alloys Market by Country, 2023 - 2030, USD Million
- TABLE 15North America Alloys Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 16North America Alloys Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 17North America Magnets Market by Country, 2019 - 2022, USD Million
- TABLE 18North America Magnets Market by Country, 2023 - 2030, USD Million
- TABLE 19North America Magnets Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 20North America Magnets Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 21North America Hard Materials Market by Country, 2019 - 2022, USD Million
- TABLE 22North America Hard Materials Market by Country, 2023 - 2030, USD Million
- TABLE 23North America Hard Materials Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 24North America Hard Materials Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 25North America Catalyst Market by Country, 2019 - 2022, USD Million
- TABLE 26North America Catalyst Market by Country, 2023 - 2030, USD Million
- TABLE 27North America Catalyst Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 28North America Catalyst Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 29North America Inks & Dyes Market by Country, 2019 - 2022, USD Million
- TABLE 30North America Inks & Dyes Market by Country, 2023 - 2030, USD Million
- TABLE 31North America Inks & Dyes Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 32North America Inks & Dyes Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 33North America Others Market by Country, 2019 - 2022, USD Million
- TABLE 34North America Others Market by Country, 2023 - 2030, USD Million
- TABLE 35North America Others Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 36North America Others Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 37North America Cobalt Sulphate Market by Country, 2019 - 2022, USD Million
- TABLE 38North America Cobalt Sulphate Market by Country, 2023 - 2030, USD Million
- TABLE 39North America Cobalt Sulphate Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 40North America Cobalt Sulphate Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 41US Cobalt Sulphate Market, 2019 - 2022, USD Million
- TABLE 42US Cobalt Sulphate Market, 2023 - 2030, USD Million
- TABLE 43US Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
- TABLE 44US Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
- TABLE 45US Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
- TABLE 46US Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
- TABLE 47US Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
- TABLE 48US Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
- TABLE 49Canada Cobalt Sulphate Market, 2019 - 2022, USD Million
- TABLE 50Canada Cobalt Sulphate Market, 2023 - 2030, USD Million
- TABLE 51Canada Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
- TABLE 52Canada Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
- TABLE 53Canada Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
- TABLE 54Canada Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
- TABLE 55Canada Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
- TABLE 56Canada Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
- TABLE 57Mexico Cobalt Sulphate Market, 2019 - 2022, USD Million
- TABLE 58Mexico Cobalt Sulphate Market, 2023 - 2030, USD Million
- TABLE 59Mexico Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
- TABLE 60Mexico Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
- TABLE 61Mexico Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
- TABLE 62Mexico Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
- TABLE 63Mexico Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
- TABLE 64Mexico Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
- TABLE 65Rest of North America Cobalt Sulphate Market, 2019 - 2022, USD Million
- TABLE 66Rest of North America Cobalt Sulphate Market, 2023 - 2030, USD Million
- TABLE 67Rest of North America Cobalt Sulphate Market, 2019 - 2022, Hundred Tonnes
- TABLE 68Rest of North America Cobalt Sulphate Market, 2023 - 2030, Hundred Tonnes
- TABLE 69Rest of North America Cobalt Sulphate Market by Application, 2019 - 2022, USD Million
- TABLE 70Rest of North America Cobalt Sulphate Market by Application, 2023 - 2030, USD Million
- TABLE 71Rest of North America Cobalt Sulphate Market by Application, 2019 - 2022, Hundred Tonnes
- TABLE 72Rest of North America Cobalt Sulphate Market by Application, 2023 - 2030, Hundred Tonnes
- TABLE 73Key Information - JERVOIS GLOBAL LIMITED
- TABLE 74Key Information - Shepherd Chemical Company
- TABLE 75Key Information - Nantong Xinwei Nickel & Cobalt Hightech Development CO., LTD.
- TABLE 76Key Information - Umicore NV-SA
- TABLE 77Key Information - Hunter Chemical, LLC
- TABLE 78Key Information - Incasa S.A
- TABLE 79Key Information - Freeport-McMoRan Inc.
- TABLE 80key Information - Merck KGaA
