Cobalt-60 (CAS 10198-40-0) Market Size, CAGR, Trends 2024-2030

The "Cobalt-60 (CAS 10198-40-0) Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Cobalt-60 (CAS 10198-40-0) market is expected to grow annually by 14.3% (CAGR 2024 - 2031).

This entire report is of 136 pages.

Cobalt-60 (CAS 10198-40-0) Introduction and its Market Analysis

Cobalt-60 (CAS 10198-40-0) is a radioactive isotope commonly used in medical and industrial applications. The global Cobalt-60 market is expected to experience significant growth due to the increasing demand for cancer treatments and sterilization processes. Major factors driving revenue growth include technological advancements, growing healthcare infrastructure, and the expanding industrial sector. Key players in the market include Bruce Power, Rosatom, and China National Nuclear Corporation. The report suggests that companies should focus on innovation, strategic partnerships, and geographic expansion to capitalize on the opportunities in the Cobalt-60 market.

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The Cobalt-60 market is experiencing steady growth, with a rise in demand for General Cobalt-60 and High Specific Activity Cobalt-60. These isotopes are widely used in various industries such as Medical Equipment, Industrial, Agriculture, and Scientific Research. The medical sector, in particular, has seen a surge in the use of Cobalt-60 for cancer treatments and diagnostics.

Regulatory factors play a crucial role in the market conditions for Cobalt-60, with strict guidelines in place to ensure safe handling and disposal of the isotope. Legal factors also come into play, with regulations governing the production, distribution, and use of Cobalt-60 to prevent misuse or accidents.

Overall, the Cobalt-60 market is expected to continue growing as industries explore new applications for this versatile isotope. With advancements in technology and increased awareness of its benefits, Cobalt-60 is set to play a significant role in shaping the future of various industries.

Top Featured Companies Dominating the Global Cobalt-60 (CAS 10198-40-0) Market

Cobalt-60, also known as radioactive cobalt, is widely used in various industries such as healthcare, food and beverage, and industrial applications due to its ability to sterilize and disinfect products. The market for Cobalt-60 (CAS 10198-40-0) is highly competitive, with key players including Bruce Power, Rosatom, and China National Nuclear Corporation.

Bruce Power is a Canadian company that operates a nuclear power plant and utilizes Cobalt-60 for gamma irradiation services in the medical industry. They play a crucial role in promoting the use of Cobalt-60 for sterilization and radiotherapy applications.

Rosatom is a Russian state-owned corporation that is involved in the production and distribution of Cobalt-60 for various industrial applications. They contribute to the growth of the Cobalt-60 market by providing a stable supply of high-quality radioactive cobalt.

China National Nuclear Corporation is a Chinese state-owned company that is actively involved in the production and distribution of Cobalt-60 for use in sterilization processes, food preservation, and other industrial applications. They help to expand the Cobalt-60 market by catering to the increasing demand from various industries.

These companies play a crucial role in driving the growth of the Cobalt-60 market by providing reliable sources of radioactive cobalt and promoting its use in different sectors. While sales revenue figures for these companies are not publicly disclosed, they are likely to be substantial given their significant presence in the global Cobalt-60 market.

• Bruce Power
• Rosatom
• China National Nuclear Corporation

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Cobalt-60 (CAS 10198-40-0) Market Analysis, by Type:

• General Cobalt-60
• High Specific Activity Cobalt-60

General Cobalt-60 is a radioactive isotope commonly used in industry for gamma ray sterilization, food irradiation, and cancer treatment. High Specific Activity Cobalt-60 is a more potent form with a higher radioactivity level, allowing for more efficient and precise applications in medicine and industry. The availability of both types of Cobalt-60 caters to a wide range of needs, leading to an increased demand in the market. Additionally, the effectiveness and reliability of Cobalt-60 in various applications further contribute to its growing popularity and importance in the industry.

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Cobalt-60 (CAS 10198-40-0) Market Analysis, by Application:

• Medical Equipment
• Industrial
• Agriculture
• Scientific Research

The application of Cobalt-60 (CAS 10198-40-0) spans across medical equipment, industrial, agriculture, and scientific research. In medical equipment, it is used in cancer treatment through radiation therapy. In industries, it is utilized for sterilization of medical equipment and food products. In agriculture, it is used for irradiation of seeds to induce genetic mutations for crop improvement. In scientific research, it is used as a radiation source for various experiments. The fastest growing application segment in terms of revenue is in medical equipment, particularly in the field of radiation therapy for cancer treatment, due to the increasing prevalence of cancer worldwide.

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Cobalt-60 (CAS 10198-40-0) Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Cobalt-60 market is expected to experience significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the market with a market share of around 30%, followed closely by Europe and Asia-Pacific. The market in Asia-Pacific is expected to witness the highest growth rate, driven by countries like China, Japan, and India. Latin America and Middle East & Africa are also anticipated to contribute to the market growth. Overall, the global Cobalt-60 market is expected to increase by a CAGR of 5-7% across these regions.

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