GLOBAL COBALT ALUMINATE MARKET SIZE & FORECASTS (REVENUE & VOLUME) BY OFFERING, COLOUR, APPLICATION, DISTRIBUTION CHANNEL, PURITY AND REGIONS/COUNTRIES : A REPORT BY ABSOLUTE MARKETS INSIGHTS: A REPORT BY ABSOLUTE MARKETS INSIGHTS
Alloys have been instrumental in ensuring rapid growth of this civilization. Amid all the industrial evolution, Cobalt aluminate, super-alloy only provides impetus to it. This super-alloy mainly is a blue pigment that is made via sintering cobalt oxide along with aluminum oxide at 1200 °C. Cobalt Aluminte is used as part of the main slurry to improve/ better the surface grain of investment casting’s, particularly in the case for super-alloys. Any composition of this super-alloy which is made at temperatures more than 1350°C ensures thermal stability. This cobalt aluminate composition has theoretical composition of 41.5% cobalt oxide and 58.5% alumina. After the process of calcinations, the material is wet ground and sieved to create in a fine powder easily dispersible in water-based suspensions. Major benefit of using cobalt aluminate is that it creates alloys through a fine-grained structure. It also possesses grain refinement that goes deep into the body of the casting. The global cobalt aluminate market is growing aggressively due to several factors.
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The growth of the global cobalt aluminate market slumped during the COVID-19 pandemic, primarily due to shutdown of plants that manufacture cobalt aluminate. Though the market is rapidly reaching to pre-pandemic levels in terms of revenue generation. One of the biggest factor that has been driving the growth of the global cobalt aluminate market is that this composition is likely to include anyone or a combination of the modifiers like Li2O, Sio2, MgO, TiO2 or ZnO. On the other hand, volatility in terms of pricing of cobalt aluminate is likely to play a restraining factor in the growth of the global cobalt aluminate market. Meanwhile, surging use of this super-alloy in the applications is the reason why the global cobalt aluminate market is forecasted to make massive growth over the time of next several years.
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Global Cobalt Aluminate Market Report Findings:
- On the basis of volume, the global cobalt aluminate market is projected to reach 7.2% CAGR over the forecast period (2022–2030).
- On the basis of offering, the services segment that is further bifurcated into local laboratory testing, custom and toll manufacturing, custom formulations and others is forecasted to mint money at the fastest rate for this market.
- On the basis of distribution channel, the online segment will be seeing huge sales generation owing to rising use of internet.
- The region of Asia Pacific is forecasted to continue dominate in terms of revenue generation for the global cobalt aluminate market over the period of coming few years. Countries like China and India are attracting numerous multi-national companies due to favourable trade policies, which is helping this market grow at a great pace.
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A few of the major market participants operating in the global cobalt aluminate market are mentioned below:
- ABSCO Limited
- American Elements
- Ferro Corporation
- Mason Color
- Natural Pigments Inc.
- Other Industry Participants
Global Cobalt Aluminate Market
- Standard Grade
- Customized Grade
- Local Laboratory Testing
- Custom and Toll Manufacturing
- Custom Formulations
- Reddish blue
- Turquoise blue
By Distribution Channel
- Engineering polymers
- Silicones and rubber
- Liquid architectural and industrial
- High temperature resistant coatings
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- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries, Benelux Union, Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia, Rest of Asia Pacific)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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