Market Overview:
The global lanthanum strontium cobalt oxide market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lanthanum strontium cobalt oxide in SOFC applications. Additionally, rising demand for energy-efficient and environment-friendly technologies is also propelling the growth of the global lanthanum strontium cobalt oxide market. However, volatility in prices of raw materials used in manufacturing lanthanum strontium cobalt oxide may restrain the growth of this market to some extent during the forecast period.
Product Definition:
Lanthanum strontium cobalt oxide is a material that is used in rechargeable lithium ion batteries. It is made of lanthanum, strontium, and cobalt and has a high capacity for storing energy. This material can be used to create batteries that are more powerful and have a longer life than traditional batteries.
99.5% Purity:
99.5% purity is a term used for the concentration of Lanthanum Strontium Cobalt Oxide (LSCO) in solid form, which has been produced by evaporating an organic solvent from LSCO under vacuum. It is a white crystalline powder and has a melting point of 28 °C-31 °C and boiling point of 270 °C.
Other:
Other is a generic name for all the inorganic compounds other than Lanthanum, Cerium, Cobalt and Neodymium. Other metals or metal oxides are used as catalysts in various chemical reactions such as hydrocarbon cracking. The most common ones are iron oxide (Fe2O3) and nickel oxide (NI). Iron oxide is used to accelerate the reaction between ethylene and oxygen which results into production of carbon dioxide and water.
Application Insights:
The primary application of the product is in the form of SOFC. The segment accounted for a volume share of over 80% in 2017 and is expected to witness growth due to rising demand from various sectors such as automotive, construction and energy. In addition, favorable government regulations regarding SOFC are also likely to drive the industry growth over the forecast period.
Other applications include lithium-ion batteries, gas turbines and nuclear reactors among others. The product has low toxicity which makes it suitable for use in various industrial applications including gas turbine blades where there is exposure to humans or animals. However, high costs associated with lanthanum strontium Cobalt Oxide (LSSO) compared to other materials may hinder its penetration into these industries thereby impacting market growth on a negative note during the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The presence of key manufacturers such as Lanxess and Toshiba Corporation, along with large-scale production capacity of lithium ion batteries, is expected to drive the regional market over the forecast period. China is anticipated to remain a major consumer owing to increasing demand for electric vehicles and growing demand for power storage devices in this country.
North America emerged as the second-largest regional market in 2017 on account of rising product use across various applications including solid oxide fuel cell (SOFC) systems and secondary battery manufacturing facilities located in U.S., Canada, Mexico, and other countries within North America region. In addition, increasing government funding towards research & development activities pertaining energy storage devices is projected favorably impact industry growth over next eight years from 2018 to 2030 time frame).
Growth Factors:
- Increasing demand from the energy storage industry for use in lithium-ion batteries
- Growing demand for Lanthanum Strontium Cobalt Oxide in medical applications as a replacement for lead based compounds
- Rising popularity of Lanthanum Strontium Cobalt Oxide among researchers due to its unique properties
- increasing production of electric vehicles which will require high capacity lithium-ion batteries
- Growing awareness about the benefits of using Lanthanum Strontium Cobalt Oxide over traditional materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Lanthanum Strontium Cobalt Oxide Market Research Report
By Type
99.5% Purity, Other
By Application
SOFC, Other
By Companies
Kceracell, Cerpotech, Lorad Chemical Corporation, SOFCMAN, fuelcellmaterials, Kceracell
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Lanthanum Strontium Cobalt Oxide Market Report Segments:
The global Lanthanum Strontium Cobalt Oxide market is segmented on the basis of:
Types
99.5% Purity, Other
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
SOFC, Other
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:
- Kceracell
- Cerpotech
- Lorad Chemical Corporation
- SOFCMAN
- fuelcellmaterials
- Kceracell
Highlights of The Lanthanum Strontium Cobalt Oxide 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:
- 99.5% Purity
- Other
- By Application:
- SOFC
- Other
- 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 Lanthanum Strontium Cobalt Oxide 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
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?
Lanthanum strontium cobalt oxide is a white to off-white powder that is used as an additive in metal alloys. It has a high melting point and good thermal conductivity, making it useful for creating heat sinks and other cooling devices.
Some of the key players operating in the lanthanum strontium cobalt oxide market are Kceracell, Cerpotech, Lorad Chemical Corporation, SOFCMAN, fuelcellmaterials, Kceracell.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lanthanum Strontium Cobalt Oxide 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 Lanthanum Strontium Cobalt Oxide Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lanthanum Strontium Cobalt Oxide 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 Lanthanum Strontium Cobalt Oxide 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 Lanthanum Strontium Cobalt Oxide Market Size & Forecast, 2018-2028
4.5.1 Lanthanum Strontium Cobalt Oxide Market Size and Y-o-Y Growth
4.5.2 Lanthanum Strontium Cobalt Oxide Market Absolute $ Opportunity
Chapter 5 Global Lanthanum Strontium Cobalt Oxide 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 Lanthanum Strontium Cobalt Oxide Market Size Forecast by Type
5.2.1 99.5% Purity
5.2.2 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lanthanum Strontium Cobalt Oxide 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 Lanthanum Strontium Cobalt Oxide Market Size Forecast by Applications
6.2.1 SOFC
6.2.2 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lanthanum Strontium Cobalt Oxide 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 Lanthanum Strontium Cobalt Oxide 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 Lanthanum Strontium Cobalt Oxide Analysis and Forecast
9.1 Introduction
9.2 North America Lanthanum Strontium Cobalt Oxide 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 Lanthanum Strontium Cobalt Oxide Market Size Forecast by Type
9.6.1 99.5% Purity
9.6.2 Other
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 Lanthanum Strontium Cobalt Oxide Market Size Forecast by Applications
9.10.1 SOFC
9.10.2 Other
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 Lanthanum Strontium Cobalt Oxide Analysis and Forecast
10.1 Introduction
10.2 Europe Lanthanum Strontium Cobalt Oxide 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 Lanthanum Strontium Cobalt Oxide Market Size Forecast by Type
10.6.1 99.5% Purity
10.6.2 Other
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 Lanthanum Strontium Cobalt Oxide Market Size Forecast by Applications
10.10.1 SOFC
10.10.2 Other
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 Lanthanum Strontium Cobalt Oxide Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lanthanum Strontium Cobalt Oxide 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 Lanthanum Strontium Cobalt Oxide Market Size Forecast by Type
11.6.1 99.5% Purity
11.6.2 Other
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 Lanthanum Strontium Cobalt Oxide Market Size Forecast by Applications
11.10.1 SOFC
11.10.2 Other
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 Lanthanum Strontium Cobalt Oxide Analysis and Forecast
12.1 Introduction
12.2 Latin America Lanthanum Strontium Cobalt Oxide 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 Lanthanum Strontium Cobalt Oxide Market Size Forecast by Type
12.6.1 99.5% Purity
12.6.2 Other
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 Lanthanum Strontium Cobalt Oxide Market Size Forecast by Applications
12.10.1 SOFC
12.10.2 Other
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) Lanthanum Strontium Cobalt Oxide Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lanthanum Strontium Cobalt Oxide 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) Lanthanum Strontium Cobalt Oxide Market Size Forecast by Type
13.6.1 99.5% Purity
13.6.2 Other
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) Lanthanum Strontium Cobalt Oxide Market Size Forecast by Applications
13.10.1 SOFC
13.10.2 Other
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 Lanthanum Strontium Cobalt Oxide Market: Competitive Dashboard
14.2 Global Lanthanum Strontium Cobalt Oxide Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kceracell
14.3.2 Cerpotech
14.3.3 Lorad Chemical Corporation
14.3.4 SOFCMAN
14.3.5 fuelcellmaterials
14.3.6 Kceracell
