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Global Cobalt Nitrate Market is Predicted to Reach USD 0.20 billion by 2028 : Fior Markets

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Newark, NJ, Oct. 25, 2021 (GLOBE NEWSWIRE) — As per the report published by Fior Markets, the global Cobalt Nitrate market is expected to grow from USD 0.13 billion in 2020 to reach USD 0.20 billion by 2028, at a CAGR of 6% during the forecast period 2021-2028.

The rising demand for additives presents a significant market potential for the cobalt nitrate industry’s major players. The semiconductor and electronic sectors are driving the demand for high-purity cobalt. The textile and residential paint industries are driving the market growth for dyes and pigments.

The overall expansion of the cobalt nitrate market is expected to be hampered by possible risks connected with cobalt nitrate.

Cobalt nitrate is an inorganic cobalt salt that is most commonly encountered as a hexahydrate. It’s a reddish-brown liquid that’s soluble in alcohol, water, and polar solvents. It’s one of several cobalt salts, like cobalt carbonate and cobalt nitrate, that can be used to make petroleum cracking catalysts. The product has solid oxidizing characteristics, making it a suitable starting material for the production of catalysts, nanoscale compounds, and high-purity chemicals. Cobalt nitrate hexahydrate is an excellent catalyst for the production of highly substituted piperidines, which are widely used in the pharmaceutical and agrochemical industries and are expected to drive the cobalt nitrate market forward. According to a new study, cobalt nitrate nanoparticles are suitable for making bifunctional electrocatalysts for use in zinc-air batteries.

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With the extensive use in catalyst production, vitamin B12 supplements, and invisible inks, the solid Cobalt Nitrate market is expected to develop. Magnetic and semiconductor characteristics, as well as electrical conductivity, are all advantages of high-purity cobalt. Because of expanding meat consumption, a growing livestock population, and the increasing outbreak of livestock diseases, too, the market for feed additives is expected to rise. The market for cobalt nitrate in Latin America is primarily driven by increased demand for catalysts in the oil, natural gas, and petroleum industries. Potential risks connected with cobalt nitrate, such as contact with other material, may cause fire, harm if swallowed or inhaled, causes irritation to skin, eyes, and respiratory tract, cause allergic skin or respiratory reaction and are expected to hamper the overall market growth.

Some of the notable players in the market are Thermofisher Scientific, Sigma Aldrich, Eastman Chemicals, Zimi Chemicals, Yogi Dye Chem Industries, Umicore, Otto Chemie Pvt Ltd, Anchor Chemicals, and American Elements.

The solid segment dominated the market and held the largest market share of more than 60% in the year 2020.

On the basis of type, the global cobalt nitrate market is segmented into solution and solid. The solid segment dominated the market and held the largest market share of more than 60% in the year 2020. Solid cobalt nitrate is used in a variety of sectors, including chemical production, research and development, pigments and coatings, and agriculture. The use of crystalline cobalt nitrate in the creation of invisible inks, cobalt pigments, porcelain, and stoneware ornamentation, and catalyst synthesis is widespread.

The dyes and pigments segment dominated the market and held the largest market share of 25.15% in the year 2020

On the basis of material, the Global cobalt nitrate market is segmented into dyes and pigments, high-purity cobalt, feed additives, catalysts, fertilizers, and others. The dyes and pigments segment dominated the market and held the largest market share of 25.15% in the year 2020. Manufacturers of dyes and pigments are investing in technological advancements and the elimination of harmful and polluting components, which boost product demand. The rapid population expansion and industrialization in emerging nations has prompted governments to boost building investment. The paints and coatings industry’s strong expansion, along with the growing use of 3D printing to create unique machine components, automobile parts, and medical implants, should propel the market forward.

Browse full report with TOC at https://www.fiormarkets.com/report/cobalt-nitrate-market-by-type-solution-solid-application-419685.html

Regional Segment of Cobalt Nitrate Market

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and Rest of South America)
  • Middle East and Africa (UAE, South Africa, Rest of MEA)

On the basis of geography, the Global Cobalt Nitrate market is classified into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia Pacific holds the largest market share of 40%. China is the world’s top user of cobalt. Its usage has increased, mostly due to an increase in the demand for battery materials. Demand for hard alloys, superalloys, and magnetic materials, on the other hand, has remained reasonably steady. China uses considerably more cobalt for battery usage than any other industry, accounting for 77% of the total cobalt consumption. The textile industry has benefited from the region’s significant economic expansion since it generates money and provides a large number of job possibilities. Asia Pacific has abundant natural resources and labour, making it possible to produce high-quality textiles at affordable rates. Because the item is used to make invisible inks, dyes, and pigments, which are essential for textile products, the expansion of the textile industry provides significant growth possibilities for the cobalt nitrate market.

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About the report:

The Global Cobalt Nitrate market is analysed on the basis of value (USD billion). All the segments have been analysed on a global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insights of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitors’ position grid analysis.

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Customization of the Report:

The report can be customized as per client requirements. For further queries, you can contact us on [email protected] or +1-201-465-4211. Our executives will be pleased to understand your requirements and offer you the best-suited reports.

About Fior Markets

Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients’ objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market intelligence research reports including industries like technology, pharmaceutical, consumer goods, food and beverages, chemicals, media, materials and many others. Our Strategic Intelligence capabilities are purposely planned to boost your business extension and elucidate the vigor of diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective domains. The global market research reports we provide involve both qualitative and quantitative analysis of current market scenario as per the geographical regions segregated and comprehensive performance in different regions with global approach. In addition, our syndicated research reports offer a packaged guide to keep companies abreast of the upcoming major restyle in their domains. Fior Markets facilitates clients with research analysis that are customized to their exact requirements, specifications and challenges, whether it is comprehensive desk research, survey work, composition of multiple methods, in-detailed interviewing or competitive intelligence. Our research experts are experienced in matching the exact personnel and methodology to your business need.

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Phone: +1-201-465-4211
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Artificial Intelligence

Synthetik Applied Technologies LLC announces development of UrbanScale – a modeling platform for the prediction, characterization, and quantification of extreme urban heat

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AUSTIN, Texas and LONDON, April 30, 2024 /PRNewswire/ — Synthetik Applied Technologies announces the development of UrbanScale, a tool to model and predict effects of extreme heat in urban areas, through a project funded by the National Oceanic and Atmospheric Association (NOAA). The physical characteristics of urban areas amplify heat effects resulting in what are known as urban heat islands — areas where surface temperatures are much higher than their surroundings. The UrbanScale tool addresses this climate peril with sophisticated analytic tools based on physics informed neural networks and cutting-edge machine learning to predict urban heat and help better understand and mitigate the risks associated with these extreme heat events. As a result of climate change, these events are expected to increase, impacting both the people that live in urban areas and the infrastructure on which they depend.

The UrbanScale platform shows significant promise to provide data on the severity of heat islands and their effects to better understand how they impact human health, energy use and damage to physical infrastructure. This information will provide a step-change in capability for government agencies, urban planners, and transportation authorities to direct efforts for mitigation and intervention. In particular, inclusion of demographic information into data pipelines will allow understanding of how urban heat effects may impact vulnerable or disadvantaged populations. Integration with climate forecasts and models will also provide unprecedented capabilities for forecasting risk associated with climate change.
Josh Hatfield, Director of Research and Development at Synthetik, said:
‘We are extremely grateful for the opportunity to study such an important issue. Extreme heat is already the largest cause of weather-related fatalities in the US, and climate change will only increase the importance of understanding heat in urban environments. Helping to meet that challenge fits directly into Synthetik’s mission.’
Synthetik COO Tim Brewer commented:
‘The UrbanScale tool will allow both our government and insurance partners to better characterize the risk of extreme heat in urban centers and promises to deliver critical insight on the way these events impact energy demands. We look forward to exploring its wide-ranging applications.’
Synthetik plans further development of UrbanScale with NOAA and other partners in the public and private sector.
For all inquiries: Contact Synthetik Applied Technologies PR [email protected] 
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Artificial Intelligence

GLiNTECH – a Valiantys company, wins Atlassian Partner of the Year 2023 Services (APAC) award. Valiantys and GLiNTECH declared Finalists for Team Excellence and ITSM Solutions

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PARIS, April 30, 2024 /PRNewswire/ — Atlassian announced today that GLiNTECH – a Valiantys company has won the Atlassian Partner of the Year 2023 Services (APAC) award. Valiantys and GLiNTECH were further declared finalists for the Team Excellence and ITSM Solutions awards, respectively.

 
This is an acknowledgement of their outstanding work for Atlassian customers during the calendar year 2023. This includes exceptional efforts in developing new business and driving innovative solutions for customer success.
“Our industry leading partners play a vital role in our customers’ continued success. We’re honored to highlight our top partners as award finalists this year, reflecting their ongoing commitment to delivering innovative solutions and unparalleled Atlassian services globally,” said Ko Mistry, Atlassian’s Head of Global Channels.
“We are delighted to be named as finalists for these awards from Atlassian, and we are particularly proud to celebrate GLiNTECH’s achievement in winning the Services (APAC) award.” said Emmanuel Benoit, Global Chief Executive Officer, Valiantys. “At Valiantys, embracing diversity of thought and challenging the ways our teams work has always provided Valiantys with a competitive edge to consistently deliver tangible results and value. We look to the future with unwavering determination and confidence as we continue to drive innovation and unlock potential for our customers around the globe.”
“We dedicate our IT Consulting Services and Custom Solutions to fulfilling our customers’ needs for success,” commented Dimitri Spyridopoulos, Chief Executive Officer GLiNTECH – a Valiantys company. “It’s an honor to be recognized by Atlassian as a finalist in two categories that reflect these efforts: Services and ITSM Solutions, and to be declared as winner for the Services award (APAC).”
For more information regarding this Press Release, contact: [email protected]
About Valiantys
Valiantys is a leading global consulting and services firm dedicated to Atlassian. The company accelerates business transformation by digitizing processes and modernizing teamwork, using the best agile methods and tools. Its Atlassian technical expertise is unparalleled and Valiantys supports its customers across the entire spectrum of projects on those platforms. As a recognized Agile at Scale, ITSM, and Cloud Specialized Partner, Valiantys help organizations accelerate time to value with Agile at scale, cloud, and ITSM implementations. Because teamwork requires more than just tools, the firm bridges the gap between applications and strategic practices such as SAFe® and ITIL. Over the last 15 years, Valiantys has helped more than 5,000 customers achieve their desired business outcomes at a reduced time to value, through improved team collaboration. More information about Valiantys can be found at https://www.valiantys.com/
About GLiNTECH – a Valiantys Company
GLiNTECH is a renowned Atlassian Platinum Partner headquartered in Australia and is the preferred choice for over 300 leading brands. The company has amassed more than 20 years of experience servicing enterprise clients across the Asia Pacific region, earning Atlassian Partner of the Year five times, including most recently for Professional Services. GLiNTECH is recognized as a Specialized Atlassian Cloud and ITSM partner. The company offers deep expertise in Licensing, Training, Support, Managed Services, Consulting, and Agile methodologies and has a proven record in providing reliable solutions while driving success within the Atlassian ecosystem. More information about GLiNTECH can be found here: https://www.glintech.com/
GLiNTECH was acquired by Valiantys in February 2024.
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Artificial Intelligence

Nillion is pleased to announce that Dwinity, a team pioneering decentralized AI has joined as an ecosystem partner

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ZUG, Switzerland and MUNICH, April 30, 2024 /PRNewswire/ — With huge amounts of personal data being collected every day, privacy concerns are escalating as the impact of data breaches become more costly. The need to address the problems created by the existing data economy have never been greater. By empowering users to reclaim control, Dwinity aims to unlock an enormous amount of potential for personal data to enhance various industries like healthcare, insurance, and finance.

About Dwinity
Dwinity’s mission is to give power back to users and to create a thriving data economy in which information asymmetry is finally removed. Dwinity enables a decentralized data economy as well as creates a data ownership driven ecosystem for storage, analysis, exchange, and commercialization of sensitive personal data.
The three components of Dwinity are:
Data control: Decentralized data spaces for decentralized data storage which provides true data sovereignty and enables users to decide with whom data is shared.Data Gold: Decentralized AI tools for each data space have the capability to unlock the full potential of data via sophisticated analysis.Data Cash: A fair marketplace with automated data value analysis, allowing for tangible income for data owners at lower costs and completely anonymous.Dwinity is presently closing its initial seed round at USD 3 MN – funds which will be used for the development of the initial prototypes to hit the market already in 2024.
About Nillion
Nillion is humanity’s first Blind Computer. It is powered by a decentralized network of nodes that enables “Blind Computation” through the coordination and orchestration of privacy enhancing technologies (PETs) such as multi-party computation (MPC), fully homomorphic encryption (FHE) and zero-knowledge proofs (ZKP). Nillion believes Blind Computation will become the internet’s base layer for all private data as PETs continue to mature. Nillion has attracted a notable initial cohort of Blind Computation builders across AI, DeFi, medical data, custody, wallets, global identity, messaging and more.
The Nillion development company, Nilogy, was incubated by CoinList’s seed program. Nilogy’s Founding CTO was the Founding Engineer of Uber (Conrad Whelan), the Chief Strategy Officer was the Founding CMO of Hedera Hashgraph (Andrew Masanto), the Chief Business Officer is the Founder of Indiegogo (Slava Rubin), the General Counsel was the Associate General Counsel of Coinbase (Lindsay Danas Cohen), along with builders hailing from Consensys, LayerZero, Polygon and Google.
“This is a major step on our way to building the leading ecosystem for sensitive data together with one of the top players in the market for the handling of such valuable data. We are looking forward to the cooperation which will add significant trust and competence to both initiatives”, said Peter Koenig, CEO of Dwinity.
Picture is available at AP
Contact for this publication: Christian Mangold [email protected]

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