Cobalt Acetate Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application

February 2025 | 81 pages | ID: CA4A84A159D0EN
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Cobalt Acetate Market Review 2025

Overview
The cobalt acetate market is experiencing robust growth, driven by various industrial applications including catalysis, drying agents, and flavoring additives. Cobalt acetate's unique properties make it a valuable compound in several end-use industries. As we approach 2025, the demand is projected to significantly improve, propelled by advancements in technology and an increase in production capacities worldwide.

Market Size
As of 2023, the global cobalt acetate market was valued at approximately USD 250 million. Projections indicate a compound annual growth rate (CAGR) of about 6.4%, with expectations of the market reaching around USD 350 million by 2025. This growth is attributed to the increasing use of cobalt acetate in various applications, especially in the coatings and chemical sectors.

Share & Trends Analysis
The cobalt acetate market can be segmented by product type, process, application, and end-use. By product type, the market is primarily categorized into:

Cobalt(II) Acetate Tetrahydrate: This type holds a major market share of about 60%-65% due to its extensive use in catalysis and as a drying agent.
Cobalt(II) Acetate Anhydrous: Accounts for approximately 35%-40%, primarily driven by its application in textiles and plastics.


By Key Players
Several key players dominate the cobalt acetate market, including:

Umicore
Shepherd Chemical
Hanrui
KANSAI CATALYST
Eastman Chemicals
Wuxi Yangshan
Zhangjiagang Huayi
CoreMax Corporation
Pacific Organics Pvt Ltd
NIHON KAGAKU SANGYO
MECHEMA
ARYA SHIMI RASA


By Process
The cobalt acetate is manufactured using several processes including:

Direct Synthesis Process: Contributes to about 70% of production, preferred for its efficiency and cost-effectiveness.
Recycling Process: Accounts for roughly 30%, gaining traction due to increased emphasis on sustainable practices.


By Application
The applications of cobalt acetate are diverse, with a growing market in:

PTA Catalyst: Approximately 40% of the market share, as it is widely used in the production of polyethylene terephthalate (PET).
Drying Agent: Comprising around 30%, utilized in adhesives, paints, and varnishes.
Flavoring: This segment accounts for about 20%, particularly in certain food products.
Others: Encompassing various niche applications, it contributes around 10%.


By End-Use
The end-use industry segments reflect significant demand for cobalt acetate, including:

Chemicals: Dominating the market at approximately 45% due to the broad application of cobalt salts.
Textiles: Account for about 25%, utilized as a dyeing agent.
Coatings: Representing roughly 15%, as cobalt acetate is a critical additive for enhancing properties.
Electronics: This sector holds around 10%, particularly for battery production.


By Region
The cobalt acetate market varies by region, with significant share and growth rates observed in:

North America: Expected to grow at 5%-10%, primarily fueled by the automotive and electronics industries.
Europe: A substantial market, holding about 30% share, driven by stringent environmental regulations promoting green technologies.
Asia-Pacific: Anticipated to command the largest market share of around 40%, with major contributions from China and India due to rapid industrialization.
Latin America: Projected to grow at 4%-6%, with Brazil leading the demand.
Middle East & Africa: Minor yet expanding markets owing to increasing investments in manufacturing.


Market News on Policy and Companies
Recent policies aimed at promoting environmentally friendly practices have begun influencing cobalt acetate production. Companies are investing in research and development to enhance product efficiency and reduce environmental impact. For instance:

Umicore has announced initiatives to create a more sustainable production method for cobalt acetate.
Eastman Chemicals is advancing its efforts in developing recycling technologies, which may enhance cobalt acetate's sustainability profile.


Segment Forecasts, 2025 - 2030
Looking ahead, the cobalt acetate market is expected to undergo significant transformations. Key forecasts indicate:

By Product Type: The demand for both cobalt(II) acetate tetrahydrate and anhydrous is expected to increase, but tetrahydrate may maintain a leading position with a growth rate of 6%-8%.
By Application: PTA catalysts will likely continue to dominate growth, with a forecasted increase of 6%-9% through 2030.
By Region: The Asia-Pacific region is expected to experience the fastest growth rate of approximately 7%-10%, due to ongoing industrialization and infrastructure development.


Overall, the cobalt acetate market is poised for considerable growth up to 2025 and beyond, driven by increased applications across various industries and a proactive approach to sustainable practices by key players.
CHAPTER 1 EXECUTIVE SUMMARY

CHAPTER 2 ABBREVIATION AND ACRONYMS

CHAPTER 3 PREFACE

3.1 Research Scope
3.2 Research Sources
  3.2.1 Data Sources
  3.2.2 Assumptions
3.3 Research Method

CHAPTER 4 MARKET LANDSCAPE

4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users

CHAPTER 5 MARKET TREND ANALYSIS

5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats

CHAPTER 6 INDUSTRY CHAIN ANALYSIS

6.1 Upstream/Suppliers Analysis
6.2 Cobalt Acetate Analysis
  6.2.1 Technology Analysis
  6.2.2 Cost Analysis
  6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users

CHAPTER 7 LATEST MARKET DYNAMICS

7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics

CHAPTER 8 TRADING ANALYSIS

8.1 Export of Cobalt Acetate by Region
8.2 Import of Cobalt Acetate by Region
8.3 Balance of Trade

CHAPTER 9 HISTORICAL AND FORECAST COBALT ACETATE MARKET IN NORTH AMERICA (2020-2030)

9.1 Cobalt Acetate Market Size
9.2 Cobalt Acetate Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
  9.5.1 United States
  9.5.2 Canada
  9.5.3 Mexico

CHAPTER 10 HISTORICAL AND FORECAST COBALT ACETATE MARKET IN SOUTH AMERICA (2020-2030)

10.1 Cobalt Acetate Market Size
10.2 Cobalt Acetate Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
  10.5.1 Brazil
  10.5.2 Argentina
  10.5.3 Chile
  10.5.4 Peru

CHAPTER 11 HISTORICAL AND FORECAST COBALT ACETATE MARKET IN ASIA & PACIFIC (2020-2030)

11.1 Cobalt Acetate Market Size
11.2 Cobalt Acetate Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
  11.5.1 China
  11.5.2 India
  11.5.3 Japan
  11.5.4 South Korea
  11.5.5 Southest Asia
  11.5.6 Australia

CHAPTER 12 HISTORICAL AND FORECAST COBALT ACETATE MARKET IN EUROPE (2020-2030)

12.1 Cobalt Acetate Market Size
12.2 Cobalt Acetate Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
  12.5.1 Germany
  12.5.2 France
  12.5.3 United Kingdom
  12.5.4 Italy
  12.5.5 Spain
  12.5.6 Belgium
  12.5.7 Netherlands
  12.5.8 Austria
  12.5.9 Poland
  12.5.10 Russia

CHAPTER 13 HISTORICAL AND FORECAST COBALT ACETATE MARKET IN MEA (2020-2030)

13.1 Cobalt Acetate Market Size
13.2 Cobalt Acetate Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
  13.5.1 Egypt
  13.5.2 Israel
  13.5.3 South Africa
  13.5.4 Gulf Cooperation Council Countries
  13.5.5 Turkey

CHAPTER 14 SUMMARY FOR GLOBAL COBALT ACETATE MARKET (2020-2025)

14.1 Cobalt Acetate Market Size
14.2 Cobalt Acetate Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price

CHAPTER 15 GLOBAL COBALT ACETATE MARKET FORECAST (2025-2030)

15.1 Cobalt Acetate Market Size Forecast
15.2 Cobalt Acetate Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast

CHAPTER 16 ANALYSIS OF GLOBAL KEY VENDORS

16.1 Umicoret
  16.1.1 Company Profile
  16.1.2 Main Business and Cobalt Acetate Information
  16.1.3 SWOT Analysis of Umicoret
  16.1.4 Umicoret Cobalt Acetate Sales, Revenue, Price and Gross Margin (2020-2025)
16.2 Shepherd Chemical
  16.2.1 Company Profile
  16.2.2 Main Business and Cobalt Acetate Information
  16.2.3 SWOT Analysis of Shepherd Chemical
  16.2.4 Shepherd Chemical Cobalt Acetate Sales, Revenue, Price and Gross Margin (2020-2025)
16.3 Hanrui
  16.3.1 Company Profile
  16.3.2 Main Business and Cobalt Acetate Information
  16.3.3 SWOT Analysis of Hanrui
  16.3.4 Hanrui Cobalt Acetate Sales, Revenue, Price and Gross Margin (2020-2025)
16.4 KANSAI CATALYST
  16.4.1 Company Profile
  16.4.2 Main Business and Cobalt Acetate Information
  16.4.3 SWOT Analysis of KANSAI CATALYST
  16.4.4 KANSAI CATALYST Cobalt Acetate Sales, Revenue, Price and Gross Margin (2020-2025)
16.5 Eastmen Chemicals
  16.5.1 Company Profile
  16.5.2 Main Business and Cobalt Acetate Information
  16.5.3 SWOT Analysis of Eastmen Chemicals
  16.5.4 Eastmen Chemicals Cobalt Acetate Sales, Revenue, Price and Gross Margin (2020-2025)
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Tables and Figures
Table Abbreviation and Acronyms List
Table Research Scope of Cobalt Acetate Report
Table Data Sources of Cobalt Acetate Report
Table Major Assumptions of Cobalt Acetate Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Cobalt Acetate Picture
Table Cobalt Acetate Classification
Table Cobalt Acetate Applications List
Table Drivers of Cobalt Acetate Market
Table Restraints of Cobalt Acetate Market
Table Opportunities of Cobalt Acetate Market
Table Threats of Cobalt Acetate Market
Table Raw Materials Suppliers List
Table Different Production Methods of Cobalt Acetate
Table Cost Structure Analysis of Cobalt Acetate
Table Key End Users List
Table Latest News of Cobalt Acetate Market
Table Merger and Acquisition List
Table Planned/Future Project of Cobalt Acetate Market
Table Policy of Cobalt Acetate Market
Table 2020-2030 Regional Export of Cobalt Acetate
Table 2020-2030 Regional Import of Cobalt Acetate
Table 2020-2030 Regional Trade Balance
Figure 2020-2030 Regional Trade Balance
Table 2020-2030 North America Cobalt Acetate Market Size and Market Volume List
Figure 2020-2030 North America Cobalt Acetate Market Size and CAGR
Figure 2020-2030 North America Cobalt Acetate Market Volume and CAGR
Table 2020-2030 North America Cobalt Acetate Demand List by Application
Table 2020-2025 North America Cobalt Acetate Key Players Sales List
Table 2020-2025 North America Cobalt Acetate Key Players Market Share List
Table 2020-2030 North America Cobalt Acetate Demand List by Type
Table 2020-2025 North America Cobalt Acetate Price List by Type
Table 2020-2030 United States Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 United States Cobalt Acetate Import & Export List
Table 2020-2030 Canada Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Canada Cobalt Acetate Import & Export List
Table 2020-2030 Mexico Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Mexico Cobalt Acetate Import & Export List
Table 2020-2030 South America Cobalt Acetate Market Size and Market Volume List
Figure 2020-2030 South America Cobalt Acetate Market Size and CAGR
Figure 2020-2030 South America Cobalt Acetate Market Volume and CAGR
Table 2020-2030 South America Cobalt Acetate Demand List by Application
Table 2020-2025 South America Cobalt Acetate Key Players Sales List
Table 2020-2025 South America Cobalt Acetate Key Players Market Share List
Table 2020-2030 South America Cobalt Acetate Demand List by Type
Table 2020-2025 South America Cobalt Acetate Price List by Type
Table 2020-2030 Brazil Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Brazil Cobalt Acetate Import & Export List
Table 2020-2030 Argentina Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Argentina Cobalt Acetate Import & Export List
Table 2020-2030 Chile Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Chile Cobalt Acetate Import & Export List
Table 2020-2030 Peru Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Peru Cobalt Acetate Import & Export List
Table 2020-2030 Asia & Pacific Cobalt Acetate Market Size and Market Volume List
Figure 2020-2030 Asia & Pacific Cobalt Acetate Market Size and CAGR
Figure 2020-2030 Asia & Pacific Cobalt Acetate Market Volume and CAGR
Table 2020-2030 Asia & Pacific Cobalt Acetate Demand List by Application
Table 2020-2025 Asia & Pacific Cobalt Acetate Key Players Sales List
Table 2020-2025 Asia & Pacific Cobalt Acetate Key Players Market Share List
Table 2020-2030 Asia & Pacific Cobalt Acetate Demand List by Type
Table 2020-2025 Asia & Pacific Cobalt Acetate Price List by Type
Table 2020-2030 China Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 China Cobalt Acetate Import & Export List
Table 2020-2030 India Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 India Cobalt Acetate Import & Export List
Table 2020-2030 Japan Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Japan Cobalt Acetate Import & Export List
Table 2020-2030 South Korea Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 South Korea Cobalt Acetate Import & Export List
Table 2020-2030 Southeast Asia Cobalt Acetate Market Size List
Table 2020-2030 Southeast Asia Cobalt Acetate Market Volume List
Table 2020-2030 Southeast Asia Cobalt Acetate Import List
Table 2020-2030 Southeast Asia Cobalt Acetate Export List
Table 2020-2030 Australia Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Australia Cobalt Acetate Import & Export List
Table 2020-2030 Europe Cobalt Acetate Market Size and Market Volume List
Figure 2020-2030 Europe Cobalt Acetate Market Size and CAGR
Figure 2020-2030 Europe Cobalt Acetate Market Volume and CAGR
Table 2020-2030 Europe Cobalt Acetate Demand List by Application
Table 2020-2025 Europe Cobalt Acetate Key Players Sales List
Table 2020-2025 Europe Cobalt Acetate Key Players Market Share List
Table 2020-2030 Europe Cobalt Acetate Demand List by Type
Table 2020-2025 Europe Cobalt Acetate Price List by Type
Table 2020-2030 Germany Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Germany Cobalt Acetate Import & Export List
Table 2020-2030 France Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 France Cobalt Acetate Import & Export List
Table 2020-2030 United Kingdom Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 United Kingdom Cobalt Acetate Import & Export List
Table 2020-2030 Italy Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Italy Cobalt Acetate Import & Export List
Table 2020-2030 Spain Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Spain Cobalt Acetate Import & Export List
Table 2020-2030 Belgium Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Belgium Cobalt Acetate Import & Export List
Table 2020-2030 Netherlands Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Netherlands Cobalt Acetate Import & Export List
Table 2020-2030 Austria Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Austria Cobalt Acetate Import & Export List
Table 2020-2030 Poland Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Poland Cobalt Acetate Import & Export List
Table 2020-2030 Russia Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Russia Cobalt Acetate Import & Export List
Table 2020-2030 MEA Cobalt Acetate Market Size and Market Volume List
Figure 2020-2030 MEA Cobalt Acetate Market Size and CAGR
Figure 2020-2030 MEA Cobalt Acetate Market Volume and CAGR
Table 2020-2030 MEA Cobalt Acetate Demand List by Application
Table 2020-2025 MEA Cobalt Acetate Key Players Sales List
Table 2020-2025 MEA Cobalt Acetate Key Players Market Share List
Table 2020-2030 MEA Cobalt Acetate Demand List by Type
Table 2020-2025 MEA Cobalt Acetate Price List by Type
Table 2020-2030 Egypt Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Egypt Cobalt Acetate Import & Export List
Table 2020-2030 Israel Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Israel Cobalt Acetate Import & Export List
Table 2020-2030 South Africa Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 South Africa Cobalt Acetate Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Cobalt Acetate Import & Export List
Table 2020-2030 Turkey Cobalt Acetate Market Size and Market Volume List
Table 2020-2030 Turkey Cobalt Acetate Import & Export List
Table 2020-2025 Global Cobalt Acetate Market Size List by Region
Table 2020-2025 Global Cobalt Acetate Market Size Share List by Region
Table 2020-2025 Global Cobalt Acetate Market Volume List by Region
Table 2020-2025 Global Cobalt Acetate Market Volume Share List by Region
Table 2020-2025 Global Cobalt Acetate Demand List by Application
Table 2020-2025 Global Cobalt Acetate Demand Market Share List by Application
Table 2020-2025 Global Cobalt Acetate Capacity List
Table 2020-2025 Global Cobalt Acetate Key Vendors Capacity Share List
Table 2020-2025 Global Cobalt Acetate Key Vendors Production List
Table 2020-2025 Global Cobalt Acetate Key Vendors Production Share List
Figure 2020-2025 Global Cobalt Acetate Capacity Production and Growth Rate
Table 2020-2025 Global Cobalt Acetate Key Vendors Production Value List
Figure 2020-2025 Global Cobalt Acetate Production Value and Growth Rate
Table 2020-2025 Global Cobalt Acetate Key Vendors Production Value Share List
Table 2020-2025 Global Cobalt Acetate Demand List by Type
Table 2020-2025 Global Cobalt Acetate Demand Market Share List by Type
Table 2020-2025 Regional Cobalt Acetate Price List
Table 2025-2030 Global Cobalt Acetate Market Size List by Region
Table 2025-2030 Global Cobalt Acetate Market Size Share List by Region
Table 2025-2030 Global Cobalt Acetate Market Volume List by Region
Table 2025-2030 Global Cobalt Acetate Market Volume Share List by Region
Table 2025-2030 Global Cobalt Acetate Demand List by Application
Table 2025-2030 Global Cobalt Acetate Demand Market Share List by Application
Table 2025-2030 Global Cobalt Acetate Capacity List
Table 2025-2030 Global Cobalt Acetate Key Vendors Capacity Share List
Table 2025-2030 Global Cobalt Acetate Key Vendors Production List
Table 2025-2030 Global Cobalt Acetate Key Vendors Production Share List
Figure 2025-2030 Global Cobalt Acetate Capacity Production and Growth Rate
Table 2025-2030 Global Cobalt Acetate Key Vendors Production Value List
Figure 2025-2030 Global Cobalt Acetate Production Value and Growth Rate
Table 2025-2030 Global Cobalt Acetate Key Vendors Production Value Share List
Table 2025-2030 Global Cobalt Acetate Demand List by Type
Table 2025-2030 Global Cobalt Acetate Demand Market Share List by Type
Table 2025-2030 Cobalt Acetate Regional Price List
Table Umicoret Information
Table SWOT Analysis of Umicoret
Table 2020-2025 Umicoret Cobalt Acetate Product Capacity Production Price Cost Production Value
Figure 2020-2025 Umicoret Cobalt Acetate Capacity Production and Growth Rate
Figure 2020-2025 Umicoret Cobalt Acetate Market Share
Table Shepherd Chemical Information
Table SWOT Analysis of Shepherd Chemical
Table 2020-2025 Shepherd Chemical Cobalt Acetate Product Capacity Production Price Cost Production Value
Figure 2020-2025 Shepherd Chemical Cobalt Acetate Capacity Production and Growth Rate
Figure 2020-2025 Shepherd Chemical Cobalt Acetate Market Share
Table Hanrui Information
Table SWOT Analysis of Hanrui
Table 2020-2025 Hanrui Cobalt Acetate Product Capacity Production Price Cost Production Value
Figure 2020-2025 Hanrui Cobalt Acetate Capacity Production and Growth Rate
Figure 2020-2025 Hanrui Cobalt Acetate Market Share
Table KANSAI CATALYST Information
Table SWOT Analysis of KANSAI CATALYST
Table 2020-2025 KANSAI CATALYST Cobalt Acetate Product Capacity Production Price Cost Production Value
Figure 2020-2025 KANSAI CATALYST Cobalt Acetate Capacity Production and Growth Rate
Figure 2020-2025 KANSAI CATALYST Cobalt Acetate Market Share
Table Eastmen Chemicals Information
Table SWOT Analysis of Eastmen Chemicals
Table 2020-2025 Eastmen Chemicals Cobalt Acetate Product Capacity Production Price Cost Production Value
Figure 2020-2025 Eastmen Chemicals Cobalt Acetate Capacity Production and Growth Rate
Figure 2020-2025 Eastmen Chemicals Cobalt Acetate Market Share
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