The latest report titled “Cobaltous Oxide Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Cobaltous Oxide.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Cobaltous Oxide production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Cobaltous Oxide Production Process:
1. From Thermal Decomposition of Cobalt(III) Oxide: This report presents the detailed production methodology and cost analysis of Cobaltous Oxide industrial production across Cobaltous Oxide manufacturing plants. Thermal decomposition is a process in which a compound breaks down when exposed to high temperatures. In this case, when cobalt(III) trioxide is heated to approximately 950 °C, it decomposes to yield cobaltous oxide or cobalt(II) oxide, along with the release of carbon dioxide gas as a secondary product. Cobaltous oxide can also be obtained through the thermal decomposition of cobalt(II) carbonate or nitrate.
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2. From Oxidation of Cobalt Metal: This report provides the thorough economics of Cobaltous Oxide industrial production across Cobaltous Oxide manufacturing plants. Under controlled conditions and at a temperature of approximately 900 °C, cobalt metal undergoes oxidation. The resulting product is then subjected to further processing and cooling within a protective atmosphere to yield cobaltous oxide or cobalt(II) oxide as the ultimate product.
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Product Definition:
Cobaltous oxide, also known as cobalt(II) oxide, is a chemical compound composed of cobalt and oxygen, with the chemical formula CoO. It is a black or brownish-black solid with various applications, including its use as a ceramic colorant, a pigment in the manufacturing of glass, ceramics, and paints, and as a component in the production of rechargeable lithium-ion batteries. Cobaltous oxide is known for its stable properties and has significance in both the chemical and materials industries due to its role in producing materials with distinct colors and electrical properties, making it a valuable compound in various technological applications.
Market Drivers:
The market drivers for cobaltous oxide are multifaceted. Its prominent application in the manufacturing of pigments, ceramics, and glass gives it a crucial role in the arts and construction industries. The strong growth in electronics, as well as the expanding rechargeable battery and superalloy sectors, significantly contributes to the demand for cobaltous oxide. This compound plays an essential part in lithium-ion battery cathodes, making it a key player in the electric vehicle (EV) and renewable energy markets. Additionally, with the increasing focus on sustainability and reducing cobalt dependency in batteries, innovations in cobaltous oxide chemistry and production methods are being driven by environmental concerns and resource availability.
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