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Global Cobalt Acetate Solution Market: By Application: Paint Driers, Catalysts, Pigment and Textile Dyeing, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Industry Events and Developments

Global Cobalt Acetate Solution Market Outlook

The global cobalt acetate solution market is expected to grow at a CAGR of 6.5% during the period 2022-2027. North America, Europe and Asia are expected to be key markets.

 

Global Market Likely to be Driven by Applications in Industry

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.

 

Growth of the Paint Industry Expected to Drive Market Growth

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.

 

Uses in the Textile Sector Expected to Boost Market Growth

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.

 

Market Segmentation

By application, the market is segmented 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

 

Key Industry Players in the Market

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:

  • Shepherd Chemical Company
  • Umicore
  • ICoNiChem Widnes Ltd
  • American Elements
  • Celtic Chemicals 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.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges  
8    Global Cobalt Acetate Solution Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Cobalt Acetate Solution Historical Market (2017-2021) 
    8.3    Global Cobalt Acetate Solution Market Forecast (2022-2027)
    8.4    Global Cobalt Acetate Solution Market by Application
        8.4.1    Paint Driers
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Catalysts
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Pigment and Textile Dyeing
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Others
    8.5    Global Cobalt Acetate Solution Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Price Analysis
12    Trade Data Analysis

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume   
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Shepherd Chemical Company
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Umicore
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    ICoNiChem Widnes Ltd
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    American Elements
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Celtic Chemicals Ltd
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Others
14    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Cobalt Acetate Solution Market: Key Industry Highlights, 2017 and 2027
2.    Global Cobalt Acetate Solution Historical Market: Breakup by Application (USD Million), 2017-2021
3.    Global Cobalt Acetate Solution Market Forecast: Breakup by Application (USD Million), 2022-2027
4.    Global Cobalt Acetate Solution Historical Market: Breakup by Region (USD Million), 2017-2021
5.    Global Cobalt Acetate Solution Market Forecast: Breakup by Region (USD Million), 2022-2027
6.    North America Cobalt Acetate Solution Historical Market: Breakup by Country (USD Million), 2017-2021
7.    North America Cobalt Acetate Solution Market Forecast: Breakup by Country (USD Million), 2022-2027
8.    Europe Cobalt Acetate Solution Historical Market: Breakup by Country (USD Million), 2017-2021
9.    Europe Cobalt Acetate Solution Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Asia Pacific Cobalt Acetate Solution Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Asia Pacific Cobalt Acetate Solution Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Latin America Cobalt Acetate Solution Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Latin America Cobalt Acetate Solution Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Middle East and Africa Cobalt Acetate Solution Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Middle East and Africa Cobalt Acetate Solution Market Forecast: Breakup by Country (USD Million), 2022-2027
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

Key Questions Answered in the Report

The global cobalt acetate solution market is projected to grow at a CAGR of 6.5% between 2022 and 2027.

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.

Analyst Review

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 2022-2027.

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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