Global Cobalt Oxide Market 2023-2030

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    An inorganic substance known as cobalt oxide has been described as an olive-green or grey solid. In order to make blue glazes and enamels, it is widely utilized as an additive in the ceramics sector. It is also used in the chemical sector to make cobalt(II) salts. Cobalt(II,III) oxide, a black solid with the formula Co3O4, is a similar substance.


    With a straight optical bandgap of 1.48 and 2.19 eV, cobalt oxide is a multipurpose, antiferromagnetic p-type semiconductor that has been utilized in pigments, dyes, electrochromic sensors, energy storage, heterogeneous catalysis, and lithium ion rechargeable batteries as an anode material. 


    It occurs in nickel, arsenic, sulphur, and manganese-containing ores found in deposits. Toxic byproducts of sulphur and arsenic are created during the roasting process. In addition to being used to create airbags for automobiles, catalysts for the petroleum and chemical industries, diamond tools, cemented carbides (also known as hardmetals), corrosion- and wear-resistant alloys.


    Drying agents for paints, varnishes, and inks, dyes and pigments, ground coats for porcelain enamels, and high-speed despite having modest toxicity in vitro, cobalt oxide particles can have long-lasting negative effects on lung cells due to their high retention rates in the lung. Several months or years after inhalation, a small percentage of cobalt oxide particles may still be present in the lungs. 



    Infographic: Cobalt Oxide Market, Cobalt Oxide Market Size, Cobalt Oxide Market Trends, Cobalt Oxide Market Forecast, Cobalt Oxide Market Risks, Cobalt Oxide Market Report, Cobalt Oxide Market Share

    The Global cobalt oxide market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.



    Since at least the eighth century, the Middle East has utilized cobalt oxide as a blue colourant in pottery glazes and underglazes. As a result of its employment in Ming Dynasty pottery in the 14th century, it gained enormous popularity.


    Excellent gas-sensing, catalytic, and electrochemical capabilities of Co3O4 have led to extensive research on its potential use in heterogeneous catalysts, lithium batteries, solid-state sensors, electrochromic devices, and medical applications.


    In addition to being used to create airbags for automobiles, catalysts for the petroleum and chemical industries, diamond tools, cemented carbides (also known as hardmetals), corrosion- and wear-resistant alloys, drying agents for paints, varnishes, and inks, dyes and pigments, ground coats for porcelain enamels, and high-speed Contrary to chromate, cobalt found in cement as cobalt oxides is not appreciably soluble in water.


    In the presence of amino acids with which cobalt forms complexes, cobalt oxides are rather soluble. The mineral asbolane, commonly referred to as asbolite, an imperfect oxide of manganese, is the most prevalent source of cobalt oxide. Linnaeite is a sulphide that is less frequent.


    A hard, grey metal element is cobalt. It’s a component of B-12. The production of red blood cells, or erythropoiesis, depends on this vitamin. Additionally, it supports the nervous system.


    Due to its unique antioxidant, antibacterial, antifungal, anticancer, larvicidal, antileishmanial, anticholinergic, wound healing, and antidiabetic capabilities, cobalt and cobalt oxide nanoparticles (NPs) have a variety of medicinal applications. Cobaltous oxide (CoO), cobaltic oxide (Co2O3), and tricobalt tetraoxide (or cobalto-cobaltic oxide, Co3O4) are the three most prevalent types of cobalt oxide.


    It can be found in deposits in southern Africa, Canada, and Morocco in ores that also contain nickel, arsenic, sulphur, and manganese. Arsenic and sulphur hazardous byproducts are created during the roasting process.


    It is already known that reduced cobalt oxide catalysts are used in the synthesis of organic compounds, more specifically when reducing organic compounds with gaseous hydrogen and notably when converting organic nitriles to organic amines in this manner.


    The conversion of adiponitrile to hexamethylene diamine, which can occur in the liquid phase under pressure by use of hydrogen in the presence of ammonia and a reduced cobalt oxide catalyst at a temperature that, for example, ranges from 50 to 200 C, is an important example.


    The reduced cobalt oxide catalyst is made by first pre-reducing a cobalt oxide catalyst, for instance by heating it in a hydrogen environment that is optionally diluted with an inert gas like nitrogen, at a temperature between 100 and  400c


    The cobalt oxide catalyst is typically employed in particulate form, such as in pellet form, and has been previously sintered to increase the physical strength of the catalyst particles. This prevents physical disintegration of the catalyst during usage, extending the catalyst’s useful life.


    It is common practice to subject the catalyst particles to a variety of chemical treatments that aid in sintering and increase the final strength of the particles. chemicals may additionally serve as lubricants in certain processes, like pelleting, which may come before sintering. The sintering acid in question is known to be glyceryl tristearate.


    Furthermore, the usage of higher fatty acids with chains longer than C and their esters, as well as animal and vegetable stearins, has been suggested. Before sintering, the cobalt oxide could be shaped, like by being pelletized.


    If a shaping operation is used, it is typically advantageous to combine the cobalt oxide and the carboxylic acid sintering aid beforehand because the said acids act as lubricants during the shaping operation, and this use of the said acids constitutes a subsidiary feature of their invention.



    1. How many cobalt oxide are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global cobalt oxide and key vendor selection criteria
    3. Where is the cobalt oxide manufactured? What is the average margin per unit?
    4. Market share of Global cobalt oxide market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global cobalt oxide in-house
    6. key predictions for next 5 years in Global cobalt oxide market
    7. Average B-2-B cobalt oxide market price in all segments
    8. Latest trends in cobalt oxide market, by every market segment
    9. The market size (both volume and value) of the cobalt oxide market in 2023-2030 and every year in between?
    10. Production breakup of cobalt oxide market, by suppliers and their OEM relationship


    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    fedrw12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
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