Market Overview:
The global cobalt chloride hexahydrate 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 chloride hexahydrate in various applications such as paint desiccant, ammonia absorbent, neutral dyes, dryness indicator, ceramic colorant and food additives. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to the growing demand for cobalt chloride hexahydrate from countries such as China and India.
 Industry Outlook.svg)
Product Definition:
Cobalt chloride hexahydrate is a cobalt salt. It is used as a catalyst, in electroplating, and in the production of other cobalt compounds.
98%Cobalt Chloride Hexahydrate:
98% cobalt chloride hexahydrate is a chemical compound used in the production of coke and coal. It is also used as an additive for gasoline to improve its octane rating. The major use of this product is to reduce air pollution during the production process, by reducing gas emissions from combustion.
99.90%Cobalt Chloride Hexahydrate:
99.90% Cobalt chloride hexahydrate is a chemical compound used in the production of coke and cobalt. 99.90% Cobalt chloride hexahydrate is also used as an additive for gasoline to improve its octane rating, which makes it more efficient for combustion in engines powered by fossil fuels such as gasoline or diesel fuel.
Application Insights:
Paint desiccant application segment led the global cobalt chloride hexahydrate market in 2017. This is attributed to its increasing use as a drying agent for water-based paints and coatings. It functions by removing moisture from the air, which helps in maintaining paint film strength and preventing paint cracking or peeling. Cobalt chloride hexahydrate is used as an additive during the manufacturing of ammonium dichloride, which is further utilized during production of dehumidifiers, desiccants and refrigerants.
Regional Analysis:
Asia Pacific dominated the global market in terms of both volume and revenue. The region is expected to witness significant growth over the forecast period owing to increasing product demand from end-use industries, such as paints & coatings, food additives, pharmaceuticals and ceramics. In addition, growing population coupled with rising living standards have led to an increase in consumer spending on household products including paints & coatings; which is likely to drive product demand over the coming years.
The presence of key manufacturers in China has resulted in high production volumes of cobalt chloride hexahydrate within Asia Pacific region. However, stringent regulatory scenario regarding waste management along with environmental pollution caused by these chemicals may hinder industry growth over the next eight years. Stringent regulations laid down by various agencies such as EPA (U.S.
Growth Factors:
- Increasing demand from the battery industry for cobalt chloride hexahydrate as a precursor to lithium-ion batteries.
- Growing demand for cobalt chloride hexahydrate in the production of pigments and dyes.
- Rising use of cobalt chloride hexahydrate in water treatment and other industrial applications.
- Increasing research and development activities for new applications of cobalt chloride hexahydrate .
Scope Of The Report
Report Attributes
Report Details
Report Title
Cobalt Chloride Hexahydrate (7791-13-1) Market Research Report
By Type
98%Cobalt Chloride Hexahydrate, 99.90%Cobalt Chloride Hexahydrate, 99.99%Cobalt Chloride Hexahydrate
By Application
Paint Desiccant, Ammonia Absorbent, Neutral Dyes, Dryness Indicator, Ceramic Colorant, Food Additives
By Companies
Merck, Santa Cruz Biotechnology, Avantor, Thermo Fisher Scientific, Tokyo Chemical Industry, Spectrum Chemical, MP Biomedicals, BeanTown Chemical, Honeywell International Inc, Strem Chemicals, Inc
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Cobalt Chloride Hexahydrate (7791-13-1) Market Report Segments:
The global Cobalt Chloride Hexahydrate (7791-13-1) market is segmented on the basis of:
Types
98%Cobalt Chloride Hexahydrate, 99.90%Cobalt Chloride Hexahydrate, 99.99%Cobalt Chloride Hexahydrate
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
Paint Desiccant, Ammonia Absorbent, Neutral Dyes, Dryness Indicator, Ceramic Colorant, Food Additives
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:
- Merck
- Santa Cruz Biotechnology
- Avantor
- Thermo Fisher Scientific
- Tokyo Chemical Industry
- Spectrum Chemical
- MP Biomedicals
- BeanTown Chemical
- Honeywell International Inc
- Strem Chemicals, Inc
 Market Overview.svg)
Highlights of The Cobalt Chloride Hexahydrate (7791-13-1) 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:
- 98%Cobalt Chloride Hexahydrate
- 99.90%Cobalt Chloride Hexahydrate
- 99.99%Cobalt Chloride Hexahydrate
- By Application:
- Paint Desiccant
- Ammonia Absorbent
- Neutral Dyes
- Dryness Indicator
- Ceramic Colorant
- Food Additives
- 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 Chloride Hexahydrate (7791-13-1) 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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 chloride hexahydrate is a white, crystalline powder with a slightly sweet odor. It is used as an oxidizer and catalyst in the production of many chemicals and plastics.
Some of the major companies in the cobalt chloride hexahydrate (7791-13-1) market are Merck, Santa Cruz Biotechnology, Avantor, Thermo Fisher Scientific, Tokyo Chemical Industry, Spectrum Chemical, MP Biomedicals, BeanTown Chemical, Honeywell International Inc, Strem Chemicals, Inc.
The cobalt chloride hexahydrate (7791-13-1) 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 Chloride Hexahydrate (7791-13-1) 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 Chloride Hexahydrate (7791-13-1) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cobalt Chloride Hexahydrate (7791-13-1) 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 Chloride Hexahydrate (7791-13-1) 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 Chloride Hexahydrate (7791-13-1) Market Size & Forecast, 2020-2028
4.5.1 Cobalt Chloride Hexahydrate (7791-13-1) Market Size and Y-o-Y Growth
4.5.2 Cobalt Chloride Hexahydrate (7791-13-1) 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 98%Cobalt Chloride Hexahydrate
5.2.2 99.90%Cobalt Chloride Hexahydrate
5.2.3 99.99%Cobalt Chloride Hexahydrate
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 Paint Desiccant
6.2.2 Ammonia Absorbent
6.2.3 Neutral Dyes
6.2.4 Dryness Indicator
6.2.5 Ceramic Colorant
6.2.6 Food Additives
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cobalt Chloride Hexahydrate (7791-13-1) 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 Chloride Hexahydrate (7791-13-1) 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 98%Cobalt Chloride Hexahydrate
9.6.2 99.90%Cobalt Chloride Hexahydrate
9.6.3 99.99%Cobalt Chloride Hexahydrate
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 Paint Desiccant
9.10.2 Ammonia Absorbent
9.10.3 Neutral Dyes
9.10.4 Dryness Indicator
9.10.5 Ceramic Colorant
9.10.6 Food Additives
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 98%Cobalt Chloride Hexahydrate
10.6.2 99.90%Cobalt Chloride Hexahydrate
10.6.3 99.99%Cobalt Chloride Hexahydrate
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 Paint Desiccant
10.10.2 Ammonia Absorbent
10.10.3 Neutral Dyes
10.10.4 Dryness Indicator
10.10.5 Ceramic Colorant
10.10.6 Food Additives
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 98%Cobalt Chloride Hexahydrate
11.6.2 99.90%Cobalt Chloride Hexahydrate
11.6.3 99.99%Cobalt Chloride Hexahydrate
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 Paint Desiccant
11.10.2 Ammonia Absorbent
11.10.3 Neutral Dyes
11.10.4 Dryness Indicator
11.10.5 Ceramic Colorant
11.10.6 Food Additives
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 98%Cobalt Chloride Hexahydrate
12.6.2 99.90%Cobalt Chloride Hexahydrate
12.6.3 99.99%Cobalt Chloride Hexahydrate
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 Paint Desiccant
12.10.2 Ammonia Absorbent
12.10.3 Neutral Dyes
12.10.4 Dryness Indicator
12.10.5 Ceramic Colorant
12.10.6 Food Additives
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 98%Cobalt Chloride Hexahydrate
13.6.2 99.90%Cobalt Chloride Hexahydrate
13.6.3 99.99%Cobalt Chloride Hexahydrate
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 Paint Desiccant
13.10.2 Ammonia Absorbent
13.10.3 Neutral Dyes
13.10.4 Dryness Indicator
13.10.5 Ceramic Colorant
13.10.6 Food Additives
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 Chloride Hexahydrate (7791-13-1) Market: Competitive Dashboard
14.2 Global Cobalt Chloride Hexahydrate (7791-13-1) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Merck
14.3.2 Santa Cruz Biotechnology
14.3.3 Avantor
14.3.4 Thermo Fisher Scientific
14.3.5 Tokyo Chemical Industry
14.3.6 Spectrum Chemical
14.3.7 MP Biomedicals
14.3.8 BeanTown Chemical
14.3.9 Honeywell International Inc
14.3.10 Strem Chemicals, Inc
