Global Cobalt Oxide Trends By Business Analysis, Industry Types, Demand, Capacity, Applications, Services, Innovations and Forecast 2027
Market Overview: Cobalt oxide exhibits excellent coloring, electronic, and magnetic properties, making it applicable in the ceramics, electronics, and automotive industries. Cobalt oxide is used in the ceramics industry in both blue and black glazes owing to its high melt and dispersion rate and resistance to reduction or oxidation. Moreover, the increasing demand for cobalt oxide in electronics industry is expected to drive growth of the market during the forecast period. Market Segmentation: The global cobalt oxide market has been segregated on the basis of type, application, and region. On the basis of type, the global cobalt oxide market has been divided into cobalt monoxide and cobalt(II,III) oxide. The cobalt(II,III) oxide segment dominated the type segment in 2017 and is expected to grow at a significant rate during the review period. Cobalt(II,III) oxide, a black antiferromagnetic solid which is mainly used in the production of lithium-ion batteries in the form of co