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The global cobalt acetate solution market is expected to grow at a CAGR of 6.5% during the period 2024-2032. North America, Europe and Asia are expected to be key markets.
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Cobalt acetate solutions refer to moderate to highly concentrated liquid solutions of cobalt acetate. These form an excellent source of cobalt acetate for applications that need solubilized materials. Acetates are good precursors for production of ultra-high purity compounds and certain catalyst and nanoscale (nanoparticles and nanopowders) materials. Cobalt acetate solution is also known as Cobalt(II) acetate; Acetic acid, cobalt; bis(acetato)cobalt; Cobalt(2+) acetate; Cobalt diacetate; Cobalt, ethanoic acid. Cobalt acetate solution is available in several purity grades, including 99%, 99.9%, 99.99%, and 99.999%.
Industrial uses include ion exchange agents, pigments, plating agents and surface treating agents, and processing aids. 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.
Cobalt acetate is used as dryer in paint and varnish. The use of cobalt acetate in paint and varnish is expected to boost the global cobalt acetate solution market. The paint industry has witnessed steady growth over the years, and is expected to continue to grow at a healthy rate during the forecast period. The decorative paint category comprises a major market share and includes categories such as interior wall paints, exterior wall paints, wood finishes and enamels, as well as ancillary products like putties, primers, etc. The industrial paint segment includes a broad array of segments like packaging, automotive, powder, marine, protective and other general industrial coatings. New investments and capacity expansions by leading companies are expected to boost the paint market, and increase demand for cobalt acetate.
Increasing global population and welfare drive the demand for textiles. Cobalt acetate solution is used for textile dyeing. The demand for textile is expected to grow significantly in the near future and stimulate the global cobalt acetate solutions market.
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By application, the market is segmented 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 solution 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 Application |
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Breakup by Region |
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Market Dynamics |
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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 Solution Market Analysis
8.1 Key Industry Highlights
8.2 Global Cobalt Acetate Solution Historical Market (2018-2023)
8.3 Global Cobalt Acetate Solution Market Forecast (2024-2032)
8.4 Global Cobalt Acetate Solution Market by Application
8.4.1 Paint Driers
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Catalysts
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Pigment and Textile Dyeing
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Cobalt Acetate Solution Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Cobalt Acetate Solution 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 Solution 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 Solution 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 Solution 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 Solution 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 Shepherd Chemical Company
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 American Elements
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 Celtic Chemicals 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 Solution Market: Key Industry Highlights, 2018 and 2032
2. Global Cobalt Acetate Solution Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Cobalt Acetate Solution Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Cobalt Acetate Solution Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Cobalt Acetate Solution Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Cobalt Acetate Solution Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Cobalt Acetate Solution Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Cobalt Acetate Solution Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Cobalt Acetate Solution Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Cobalt Acetate Solution Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Cobalt Acetate Solution Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Cobalt Acetate Solution Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Cobalt Acetate Solution Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Cobalt Acetate Solution Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Cobalt Acetate Solution Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. Global Cobalt Acetate Solution Market Structure
The global cobalt acetate solution market is projected to grow at a CAGR of 6.5% between 2024 and 2032.
The major drivers of the market include the increasing spending of people on exterior and interior of houses, increasing demand from paints and coatings industry and increasing demand from dyes and pigment manufacturing companies.
High expenditure on research and development for additives, and advancements in production technologies 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 major applications of the market are paint driers, catalysts, pigment and textile dyeing, among others.
The major players in the industry are Shepherd Chemical Company, Umicore, ICoNiChem Widnes Ltd, American Elements, and Celtic Chemicals Ltd, among others.
The global cobalt acetate solution market was driven by the increasing demand from paints and coatings industry in the historical period. Aided by the increasing spending of people on exterior and interior of houses and increasing demand from dyes and pigment manufacturing companies, the market is expected to grow at a CAGR of 6.5% 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 major applications of the market are paint driers, catalysts, pigment and textile dyeing, among others. The major regional markets for cobalt acetate solution market are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are Shepherd Chemical Company, Umicore, ICoNiChem Widnes Ltd, American Elements, and Celtic Chemicals 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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