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Cobalt Acetate Crystals Market

Global Cobalt Acetate Crystals Market Size, Share, Trends: By Type: Crystalline, Amorphous; By Application: Paint Driers, Catalysts, Pigment and Textile Dyeing, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

Global Cobalt Acetate Crystals Market Outlook

The global cobalt acetate crystals market is expected to grow at a CAGR of 6.1% during the period 2024-2032. Cobalt Acetate is produced and available as fine crystals with uniform size distribution; employed primarily as a catalyst in the polyester industry. Industrial uses include ion exchange agents, pigments, plating agents and surface treating agents, and processing aids. North America, Europe and Asia are expected to be key markets.

 

cobalt acetate crystals market

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Global Market Likely to be Driven by Applications in Industry

Cobalt acetate [Co(C2H3O2)2] (also known as Cobalt diacetate tetrahydrate, Cobalt(II) acetate tetrahydrate, cobaltous acetate tetrahydrate) is a moderately water-soluble crystalline cobalt source that breaks down into cobalt oxide when heated. It is considered to be a precursor to several types of oil drying agents. As an ACS grade quality reagent, its chemical specifications are the de facto standards for chemicals used in several high-purity applications and typically designate the highest quality chemical available for laboratory use.  Uses include those as a bleaching agent, drier for coatings, catalyst, and foam stabilizer; also employed in sympathetic inks, feed additives, and in anodizing. These uses are expected to boost the global cobalt acetate crystals market. Cobalt acetate is usually immediately available in most volumes. All metallic acetates are inorganic salts that contain a metal cation and the acetate anion, a univalent (-1 charge) polyatomic ion comprising two carbon atoms ionically bound to three hydrogen and two oxygen atoms (symbol: CH3COO) for a total formula weight of 59.05. Acetates are good precursors for the production of ultra-high purity compounds, catalysts, and nanoscale materials. Cobalt acetate crystals are available in several purity grades, including 99%, 99.9%, 99.99%, and 99.999%.

Cobalt acetate is employed in surface treatment, for formulations, and as a catalyst or colourant for the textile, wood and paper industries; it is used to prepare complexes for examination of the properties of metals with unusual coordination geometries. It is also used as a catalyst for oxidation and esterification.

 

Uses in Textile and Wood Pulp Industries Expected to Boost Market Growth

Increasing global population and welfare drive the demand for textiles. The demand for wood-based textile pulps is expected to grow significantly in the near future. Further, pulp and paper would continue to play a major role in the world. Despite technological advancements, use of and demand for wood pulp and paper are expected to grow. These factors are expected to drive the global cobalt acetate crystals market.

 

Market Segmentation

 

cobalt acetate crystals market by segments

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By type, the market is segmented into:

  • Crystalline 
  • Amorphous

By application, the market is classified into:

  • Paint Driers
  • Catalysts
  • Pigment and Textile Dyeing
  • Others

By region, the market is classified into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

cobalt acetate crystals market by region

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Key Industry Players in the Market

The report presents a detailed analysis of the following key players in the global cobalt acetate crystals market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • American Elements 
  • Umicore
  • ICoNiChem Widnes Ltd
  • Freeport Cobalt
  • Liaoyang Synthetic Catalyst Co., Ltd
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Crystalline 
  • Amorphous
Breakup by Application
  • Paint Driers
  • Catalysts
  • Pigment and Textile Dyeing
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Price Analysis
  • Historical Price Trends
  • Forecast Price Trends
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • American Elements 
  • Umicore
  • ICoNiChem Widnes Ltd
  • Freeport Cobalt
  • Liaoyang Synthetic Catalyst Co., Ltd
  • Others
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface      
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Cobalt Acetate Crystals Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Cobalt Acetate Crystals Historical Market (2018-2023) 
    8.3    Global Cobalt Acetate Crystals Market Forecast (2024-2032)
    8.4    Global Cobalt Acetate Crystals Market by Type
        8.4.1    Crystalline 
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Amorphous
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Cobalt Acetate Crystals Market by Application
        8.5.1    Paint Driers
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Catalysts
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Pigment and Textile Dyeing
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Cobalt Acetate Crystals Market by Region     
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Cobalt Acetate Crystals Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Cobalt Acetate Crystals Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5   Others
11    Asia Pacific Cobalt Acetate Crystals Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Cobalt Acetate Crystals Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Cobalt Acetate Crystals Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Price Analysis
16    Trade Data Analysis

    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2      By Value
17   Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    American Elements 
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Umicore
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    ICoNiChem Widnes Ltd
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Freeport Cobalt
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Liaoyang Synthetic Catalyst Co., Ltd
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Others
18    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Cobalt Acetate Crystals Market: Key Industry Highlights, 2018 and 2032
2.    Global Cobalt Acetate Crystals Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Cobalt Acetate Crystals Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Cobalt Acetate Crystals Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Cobalt Acetate Crystals Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Cobalt Acetate Crystals Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Cobalt Acetate Crystals Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Cobalt Acetate Crystals Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Cobalt Acetate Crystals Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Cobalt Acetate Crystals Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Cobalt Acetate Crystals Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Cobalt Acetate Crystals Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Cobalt Acetate Crystals Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Cobalt Acetate Crystals Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Cobalt Acetate Crystals Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Cobalt Acetate Crystals Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Cobalt Acetate Crystals Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Major Exporting Countries by Value
19.    Major Importing Countries by Value
20.    Major Exporting Countries by Volume
21.    Major Importing Countries by Volume 
22.    Global Cobalt Acetate Crystals Market Structure

Key Questions Answered in the Report

The global cobalt acetate crystals market is projected to grow at a CAGR of 6.1% between 2024 and 2032.

The major drivers of the market include the increasing expenditure on research and development, increasing demand from end-use sectors, and growing use as a bleaching agent.

Increasing demand from paints and coatings industry and growing uses in textile and wood pulp industries are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The various types of cobalt acetate crystals are crystalline and amorphous.

The major applications of the market are paint driers, catalysts, pigment and textile dyeing, among others.

The major players in the industry are American Elements, Umicore, ICoNiChem Widnes Ltd, Freeport Cobalt, and Liaoyang Synthetic Catalyst Co., Ltd, among others.

Analyst Review

The global cobalt acetate crystals market was driven by the increasing demand from paints and coatings industry in the historical period. Aided by the increasing expenditure on research and development and growing uses in textile and wood pulp industries, the market is expected to grow at a CAGR of 6.1% in the forecast period of 2024-2032.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The various types of cobalt acetate crystals are crystalline and amorphous. The major applications of the market are paint driers, catalysts, pigment and textile dyeing, among others. The major regional markets for cobalt acetate crystals market are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are American Elements, Umicore, ICoNiChem Widnes Ltd, Freeport Cobalt, and Liaoyang Synthetic Catalyst Co., Ltd, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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