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Global Cobalt Market to Benefit from Rising Demand for Rechargeable Batteries

  • Date Submitted: 05/24/2016 02:55 AM
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Transparency Market Research

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Cobalt Market - Global Industry
Analysis, Size, Share, Growth, Trends
and Forecast 2013 - 2019

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REPORT DESCRIPTION

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Cobalt Market
- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019” This report likewise incorporates
more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector
industry structure.
A new report from Transparency Market Research, titled ‘Cobalt Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2013 - 2019,’ states that the global market is expected to expand swiftly during the period between 2013 and
2019 due to the increasing demand for rechargeable batteries and technical advancements.
Cobalt is one of the metals found in the earth’s crust. Primarily, cobalt is found in the form of compounds and is virtually never
encountered as a free element. It is used in human enterprises as a compound and not as a free element. Cobalt as a compound
finds application in numerous sectors. Some of the primary application segments of cobalt are super alloys, reusable energy
storage systems, wear-resistant alloys, orthopedics, life science, magnets, and binder materials. At present, the reusable energy
storage application segment dominates the global cobalt market and it is expected to maintain its dominance in the years to
come.
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