High-Purity Battery Grade Cobalt Sulfate Market
High-Purity Battery Grade Cobalt Sulfate Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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High-Purity Battery Grade Cobalt Sulfate Market Size and Growth
The High-Purity Battery Grade Cobalt Sulfate market research report highlights a robust demand for cobalt sulfate driven by the increasing adoption of electric vehicles and energy storage solutions. The market is expected to witness significant growth with a projected market size of $2.5 billion by 2026.
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Companies Covered
(Covid
19 Impact Covered)
◍ Huayou Cobalt
◍ Umicore
◍ Norilsk Nickel
◍ GEM Co., Ltd
◍ Hunan Jin Yuan New Material
◍ Ganzhou Tengyuan Cobalt Industrial
◍ Gaungdong Fangyuan Environment
◍ Chengtun Mining
◍ Jiangxi Ganfeng Lithium
◍ Jinchuan Group
◍ Zhangjiagang Huayi Chemical
◍ Dalian Ruiyuan Power
◍ Hebei Kingway Chemical Industry
The High-Purity Battery Grade Cobalt Sulfate Market is highly competitive with key players such as Huayou Cobalt, Umicore, Norilsk Nickel, GEM Co., Ltd, and others. These companies utilize cobalt sulfate in the production of lithium-ion batteries, contributing to the growth of the market. The annual sales revenue of some of these companies include:
- Huayou Cobalt: $2.5 billion
- Umicore: $4.4 billion
- Norilsk Nickel: $11.3 billion
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Market Segmentation
By Application
◍ Power Battery Materials
◍ Plating
By Product
◍ Cobalt Content ≥21%
◍ Cobalt Content ≥20%
◍ Other Request Sample Report
◍ Other
$ X Billion USD
Market Growth
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