New York, NY -- (SBWIRE) -- 05/09/2016 -- Cobalt sulfate is a chemical compound with formula CoSO4. Cobalt sulfate is a salt of sulfuric acid and is soluble in water and methanol. Cobalt sulfate is produced through oxidation of metallic cobalt or its compounds with sulfuric acid. Cobalt sulfate is used in variety of end-user industries such as pigments, agrochemical additives, electroplating, battery chemicals, inks and ceramics among others. Cobalt sulfate is also used in enamels and varnishes. Cobalt sulfate also finds application in humidity indicator. Cobalt sulfate is used in manufacturing of cobalamin commonly known as vitamin B12. In addition, Cobalt sulfate is also used in agrochemicals and fertilizer industry. Moreover, cobalt sulfate is also used in health nutrition industry. Sometimes cobalt sulfate is used in removal of pollutants in waste gases. Cobalt sulfate also finds application in research laboratories where it is used as reagent.

The market for cobalt sulfate was driven by ceramics, pollutant treatment and fertilizer industry. There is huge demand of cobalt sulfate from ceramics industry as pigments. These pigments are used in glass and porcelain. In nutrition industry, cobalt sulfate is used as a nutritional supplement in treatment of deficiency and manufacturing of cobalamin (vitamin B12). In addition, cobalt sulfate is also in removing the pollutants from industrial waste gases as well as removal of atmospheric pollutants from gases. In battery industry, cobalt sulfate is used in storage batteries. Cobalt sulfate is also used in electroplating industry for plating of metals to make them more ductile, harder and brighter. In agrochemical additives, cobalt sulfate is used as an additive in animal and soil feeds as well as in fertilizers. In inks industry, cobalt sulfate is used as drier for lithographic inks and varnishes. In spite of so many applications, the growth of the market is anticipated to be sluggish over the forecast period due to health concerns and issues associated with cobalt sulfate industry.

Interested in report: Please follow the below the links to meet your requirements; Request for the Report Brochure:http://www.persistencemarketresearch.com/samples/4418

In terms of demand, Asia Pacific had the highest market share in 2013. Asia Pacific was also the fastest growing region for cobalt sulfate. The demand was huge due to increasing demand from fertilizers, ceramics and electroplating industry in this region. China had the highest demand for cobalt sulfate in Asia Pacific region in 2013. However, India and Japan are likely to be the fastest growing countries for cobalt sulfate market owing to increasing consumption from fertilizers and growing manufacturing industry. Asia Pacific was followed by North America. Increasing demand from electroplating, fertilizer and nutritional supplement market is driving the demand for cobalt sulfate in this region. In 2013, U.S. had the highest demand for cobalt sulfate in North America region. The demand was huge owing to growth in pollutant treatment market and nutritional supplement industry. However, regulations by US EPA and other committees are likely to hamper the growth of the market in this region. Europe had the third-largest demand for cobalt sulfate market. The demand increased due to rise in end-user industries ceramics and pigments has been driving the market for cobalt sulfate in Europe. REACH regulations will hinder the further growth of the market in next few years to come. Rest of the World market is anticipated to show potential growth for the cobalt sulfate market in near future.

Request TOC (table of content), Figures and Tables of the Report: http://www.persistencemarketresearch.com/toc/4418

Some of the key manufacturers in the cobalt sulfate market are Acros Organics, Carex Canada, Nicomet Industries Ltd., OM Group Inc. and Shanghai Shunbo Metal Materials Co., among others.

Follow us on LinkedIn: https://www.linkedin.com/company/persistence-market-research-&-consulting

Key points covered in the report
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
North America
Europe
Asia
RoW
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
5) The report also provides porters five forces analysis of the market.-

About Persistence Market Research (PMR)
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

PMR stands committed to bringing more accuracy and speed to clients' business decisions. From ready-to-purchase market research reports to customized research solutions, PMR's engagement models are highly flexible without compromising on its deep-seated research values.