Cobalt Powder Market - Global Industry Analysis 2015 - 2023
Cobalt is a hard, grey metal and is generally found in association with nickel in the Earth's crust. Cobalt has many industrial uses due to its unique properties such as retaining its strength at a high temperature, high melting point (1493°C), high thermo-stability, being ferromagnetic, and being multivalent. All these properties of cobalt make it effective for enhancing catalytic action. As cobalt possess excellent chemical, physical, and mechanical properties, it is commonly used for fabricating various alloys which are used as wear resistant and high-temperature components, cutting tools, dies, saws, etc. Cobalt is an important ingredient for portable batteries. The growing demand for rechargeable batteries in mobile phones, laptop, tablets, and other portable electronics would be the major growth driver for global cobalt consumption. Cobalt has a wide range of industrial uses which varies from rechargeable batteries to aircraft engines. Furthermore cobalt is used for i...
