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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.
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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.
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.
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By type, the market is segmented into:
By application, the market is classified into:
By region, the market is classified into:
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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:
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.
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:
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Trade Data Analysis |
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Price Analysis |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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
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.
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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