Boston, MA -- (SBWIRE) -- 12/22/2015 -- Cobalt is a chemical element obtained in combination with other elements in minerals such as skutterudite (a cobalt-nickel arsenide), carrollite (a copper-cobalt-(nickel) sulfide), and asbolane (a nickel-cobalt-manganese oxide). Cobalt is obtained from three main ore deposits: sediment-hosted stratiform copper deposits, magmatic nickel sulfide deposits, and nickel laterite deposits. It is generally processed as a byproduct of processed nickel and copper ores. Cobalt and its alloys find application in numerous industries such as battery chemicals, superalloys, defense, and catalysts.

Technavio's analysts forecast the global cobalt market to grow at a CAGR of 9.19% over the period 2014-2019.

Covered in this report

The global cobalt market can be segmented into six based on application: battery chemicals, superalloys, hard metals, catalysts, ceramics/pigments, and others.

Get More Details on this Report and a Full Table of Contents at Global Cobalt Market 2015-2019

Technavio's report, Global Cobalt Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, North America, and ROW; it also covers the global cobalt market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key regions:
-APAC
-Europe
-North America
-ROW

Key vendors:
-Freeport-McMoran Copper and Gold
-Glencore Xstrate
-Huayou Cobalt
-Nippon Steel and Sumitomo Metal
-Sherritt International
-Umicore

Other prominent vendors:
-Ambatovy
-BHP Billiton
-Chambishi Metals
-Eramet
-Formation Metals
-Gecamines
-GEM
-Jiangsu Cobalt Nickel Metal
-Katanga Mining
-Minara
-Mopani Copper
-Norilsk
-OMG
-QNPL
-Rubamin
-Vale
-Votorantim Metais
-Zhejiang Huayou Cobalt

Market driver:
-Use of reusable energy storage systems
-For a full, detailed list, view our report

Market challenge:
-Supply demand gap
-For a full, detailed list, view our report

Market trend:
-Rise in capacity expansions and mining projects
-For a full, detailed list, view our report

Key questions answered in this report:
-What will the market size be in 2019 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

Companies Mentioned in this Report: Freeport-McMoran Copper and Gold, Glencore Xstrata, Huayou Cobalt, Nippon Steel and Sumitomo Metal, Sherritt International, Umicore, Ambatovy, BHP Billiton, Chambishi Metals, Eramet, Formation Metals, Gecamines, GEM, Jiangsu Cobalt Nickel Metal, Katanga Mining, Minara, Mopani Copper, Norilsk, OMG, Open Joint Stock Company Mining and Metallurgical Company Norilsk Nickel, QNPL, Rubamin, Vale, Votorantim Metais, Zhejiang Huayou Cobalt.

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