Lithium Cobalt Batteries
Market Growing at a Significant CAGR to the Forecast
Lithium Cobalt oxide, also called lithium cobaltate or
lithium cobaltite, is a dark blue or bluish-gray crystalline solid. It is
commonly used in the positive electrodes of lithium-ion batteries. The compound
is now being used as cathode in some rechargeable lithium-ion batteries.
Increase in demand for lithium-ion batteries in various applications such
as mobiles and computers and increase in demand for lithium cobalt oxide in
battery applications are some of the factors that have supported long-term
expansion for Lithium Cobalt Batteries Market.
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Prominent Players
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Asia Pacific to Dominate the Market
Asia Pacific is a major consumer
of lithium cobalt oxide across the globe. China and India possess significant
potential for many application areas of lithium cobalt oxide. Being a major
manufacturing hub for electronic products, China holds immense potential for
the growth of the lithium cobalt oxide market.
Lithium Cobalt Batteries Market Segmentation:
On the basis of Application:
·
Battery
·
Others
Based on region:
·
Asia Pacific
·
North America
·
Europe
·
South America
·
Middle East & Africa
The Report helps to identify the opportunities in Global Regions:
·
North America (the United States, Canada, and
Mexico)
·
Europe (Germany, UK, France, Italy, Russia,
Turkey, etc.)
·
Asia-Pacific (China, Japan, Korea, India,
Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and
Vietnam))
·
South America (Brazil etc.)
·
The Middle East and Africa (North Africa and GCC
Countries)
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