Cobalt Hydroxide Market Poised for Significant Growth Amid Rising...

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2025-04-14 12:28:28 -

Cobalt Hydroxide Market Poised for Significant Growth Amid Rising Demand for Electric Vehicles and Energy Storage Solutions

The global cobalt hydroxide market is set to witness robust growth in the coming years, driven by its critical role in the production of cathodes for lithium-ion batteries, widely used in electric vehicles (EVs) and renewable energy storage systems. According to recent data from Dataintelo, the market was valued at USD 2.85 billion in 2023 and is expected to reach USD 6.24 billion by 2032,...

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