Cobalt Powder Market Size Worth $960 Million by 2024 | Growth Rate: 11.6%

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In consumption market, the growth rate of global consumption is stable relatively. EU is still the mainly consumption regions due to the advanced downstream industries and recover of economy. However, China is also an important consumer country.

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Cobalt Powder can be classified as two types according to the purity, include 99.8% Grade, and 99.3% Grade. It can be widely used in many industries. Survey results showed that 40% of the Cobalt Powder market is Carbide industry, 32% is used in Superalloy industry. The downstream market demand is from Superalloy field.

The major raw material for Cobalt Mine and Cobalt salt. In the global market, supply of raw materials is full. Cobalt Mine mainly concentrated in Congo, Australia and China, In the world wide, giant manufactures mainly distribute in those areas. China has a long history and unshakable status in this industry. Fluctuations in the price of the upstream product will impact on the production cost of Cobalt Powder industry. The price changes in 2017 are mainly due to the sharp rise in the price of Mine.

This report studies the Cobalt Powder market status and outlook of global and major regions, from angles of manufacturers, regions, product types and end industries; this report analyzes the top manufacturers in global and major regions, and splits the Cobalt Powder market by product type and applications/end industries.

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