Cobalt Powder Market - Global Industry Analysis, Size, Share, Trends and Forecast 2015 – 2023

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Cobalt Powder Market - Global Industry

Analysis, Size, Share, Trends And

Forecast 2015 – 2023

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REPORT DESCRIPTION

Cobalt is a hard, grey metal and is generally found in association with nickel in the Earth's crust. Cobalt has many industrial uses

due to its unique properties such as retaining its strength at a high temperature, high melting point (1493°C), high thermostability, being ferromagnetic, and being multivalent. All these properties of cobalt make it effective for enhancing catalytic

action. As cobalt possess excellent chemical, physical, and mechanical properties, it is commonly used for fabricating various

alloys which are used as wear resistant and high-temperature components, cutting tools, dies, saws, etc. Cobalt is an important

ingredient for portable batteries. The growing demand for rechargeable batteries in mobile phones, laptop, tablets, and other

portable electronics would be the major growth driver for global cobalt consumption.

Cobalt has a wide range of industrial uses which varies from rechargeable batteries to aircraft engines. Furthermore cobalt is

used for industrial chemical processes due to its catalytic properties and is used for the removal of nitrous oxide,

desulphurisation of hydrocarbons and others. The typical properties of such as hardness and high temperature resistance of

cobalt is used effectively to alloy with other metals. Cobalt alloys is suitable in turbine blades for gas jet aircraft engines and

turbines. Various cobalt compounds are...