Market Overview:
The global cobalt borylate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cobalt borylate in various applications such as tubes and tires. North America is expected to lead the market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Cobalt Borylate is a boronate ester of cobalt. It is used as an intermediate in the synthesis of some pharmaceuticals and agrochemicals.
Cobalt Content%: 22.5 ± 0.5:
Cobalt is a chemical element that is found in the earth's crust as a part of many minerals. It was first discovered in 1723 by the Swedish scientist Carl Wilhelm Scheele. Cobalt metal has been used by humans for thousands of years; however, its modern-day use dates back to around 1803 when it was first used to produce steel and then later on as an alloying agent in various alloys such as nickel-cobalt and iron-cobalt.
Cobalt Content%: 15.5 ± 0.5:
Cobalt (Co) is a chemical element that is a part of the basket of metals. It has an atomic number 27 and an electrical charge of 6. However, it can only be found in trace quantities in the earth's crust. The primary source for cobalt is from two sources: as a result of corrosion-based mineralization or as a result of solution mining during ore processing.
Application Insights:
The application segment includes the use of cobalt borylate in the manufacturing of tubes and tires. In terms of volume, the tire application segment dominated the global market with a share of over 60% in 2017. The growth can be attributed to factors such as increasing automotive production across various countries worldwide coupled with high consumer demand for premium quality tires.
Cobalt borylate is used to manufacture tubular goods that are used extensively in construction, transportation and electrical & electronics applications owing to its excellent strength-to-weight ratio and corrosion resistance properties. These characteristics have resulted in an increased demand for such products from these sectors, which is expected to drive growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key manufacturers such as NITC, XXXXXXX, and Dongfeng Motor Corporation in China has resulted in high production of motor vehicles across this region. In addition, rising demand for electric vehicles is anticipated to drive regional growth over the coming years.
North America emerged as a major consumer due to increasing automotive sales coupled with growing technological advancements pertaining to fuel efficiency of automobiles.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, plastics and rubber, medical devices, and others
- Rising awareness about the benefits of cobalt borylate among consumers
- Growing investments by key players in research and development to develop new applications for cobalt borylate
- Expansion of production capacities by key manufacturers to cater to the increasing demand for cobalt borylate globally
- Emerging economies are expected to offer lucrative growth opportunities for the Cobalt Borylate market in the coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Cobalt Borylate Market Research Report
By Type
Cobalt Content%: 22.5 ± 0.5, Cobalt Content%: 15.5 ± 0.5
By Application
Tube, Tires
By Companies
Shepherd Chemical, Jaingsu Kaou Chemical, Lutai Chemical, Comar Chemicals, Futai Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Cobalt Borylate Market Report Segments:
The global Cobalt Borylate market is segmented on the basis of:
Types
Cobalt Content%: 22.5 ± 0.5, Cobalt Content%: 15.5 ± 0.5
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tube, Tires
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Shepherd Chemical
- Jaingsu Kaou Chemical
- Lutai Chemical
- Comar Chemicals
- Futai Chemical
Highlights of The Cobalt Borylate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cobalt Content%: 22.5 ± 0.5
- Cobalt Content%: 15.5 ± 0.5
- By Application:
- Tube
- Tires
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cobalt Borylate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cobalt borylate is a cobalt compound with the chemical formula Co(BO 3 ) 6 . It is a colorless solid that is soluble in water and most organic solvents. Cobalt borylate can be used as an additive to metal alloys to improve their strength and hardness.
Some of the major companies in the cobalt borylate market are Shepherd Chemical, Jaingsu Kaou Chemical, Lutai Chemical, Comar Chemicals, Futai Chemical.
The cobalt borylate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cobalt Borylate Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Cobalt Borylate Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Cobalt Borylate Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Cobalt Borylate Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Cobalt Borylate Market Size & Forecast, 2020-2028 4.5.1 Cobalt Borylate Market Size and Y-o-Y Growth 4.5.2 Cobalt Borylate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cobalt Content%: 22.5 ± 0.5
5.2.2 Cobalt Content%: 15.5 ± 0.5
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Tube
6.2.2 Tires
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cobalt Borylate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cobalt Borylate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cobalt Content%: 22.5 ± 0.5
9.6.2 Cobalt Content%: 15.5 ± 0.5
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Tube
9.10.2 Tires
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cobalt Content%: 22.5 ± 0.5
10.6.2 Cobalt Content%: 15.5 ± 0.5
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Tube
10.10.2 Tires
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cobalt Content%: 22.5 ± 0.5
11.6.2 Cobalt Content%: 15.5 ± 0.5
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Tube
11.10.2 Tires
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cobalt Content%: 22.5 ± 0.5
12.6.2 Cobalt Content%: 15.5 ± 0.5
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Tube
12.10.2 Tires
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cobalt Content%: 22.5 ± 0.5
13.6.2 Cobalt Content%: 15.5 ± 0.5
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Tube
13.10.2 Tires
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cobalt Borylate Market: Competitive Dashboard
14.2 Global Cobalt Borylate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shepherd Chemical
14.3.2 Jaingsu Kaou Chemical
14.3.3 Lutai Chemical
14.3.4 Comar Chemicals
14.3.5 Futai Chemical