Cobalt Hydroxide Usage and Market Forecast by End-User 2032

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The global Cobalt Hydroxide Market is witnessing a significant surge, driven by increasing adoption of electric vehicles (EVs), energy storage systems, and advancements in lithium-ion battery technologies. According to Dataintelo, the market is projected to grow from USD 621.3 million in 2023 to USD 1,142.7 million by 2031, registering a CAGR of 7.8% during the forecast period.