Global Chromium Oxide Market, By Form (Powder, Pellets, Pieces, and Others), Grade (Pigment Grade, Refractory Grade, Metallurgy Grade, Abrasive Grade, and Others), Application (Glass, Inks, Paints, Coatings, and Others), and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Chromium Oxide Market
The chromium oxide market is expected to witness market growth at a rate of 5.60% in the forecast period of 2021 to 2028 and is expected to reach USD 1,005.135 million by 2028. Data Bridge Market Research report on chromium oxide market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the incomes of the middle class is escalating the growth of the chromium oxide market.
Chromium oxide can be referred to as an inorganic compound that is broadly utilized as a pigment in several applications. It is mainly available in the powdered form, but other forms like pieces, pellets, nano-powder, and so forth are also in the current market. The product is primarily utilized in the formulation of coatings, paint, glass, ceramics, inks and can be utilized as functional catalysts. It provides good weather-fastness, excellent dispersibility, and superior heat stability.
Major factors that are expected to boost the growth of the chromium oxide market in the forecast period are the rise in the glass industry. Furthermore, the increase in the need from the packaging and printing industry is further anticipated to propel the growth of the chromium oxide market. Moreover, the growing popularity regarding print media like newspapers, books, magazines, and so forth is further estimated to cushion the growth of the chromium oxide market. On the other hand, the rise in the toxicological content is further projected to impede the growth of the chromium oxide market in the timeline period.
In addition, the rise in urbanization and infrastructure development will further provide potential opportunities for the growth of the chromium oxide market in the coming years. However, chromium oxide is much costlier in comparison to emerald greens or chrome greens, which might further challenge the growth of the chromium oxide market in the near future.
This chromium oxide market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the chromium oxide market, contact Data Bridge Market Research for an analyst brief. Our team will help you take an informed market decision to achieve market growth.
Chromium Oxide Market Scope and Market Size
The chromium oxide market is segmented on the basis of form, grade, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of form, the chromium oxide market is segmented into powder, pellets, pieces, and others.
- On the basis of grade, the chromium oxide market is segmented into pigment grade, refractory grade, metallurgy grade, abrasive grade, and others.
- On the basis of application, the chromium oxide market is segmented into glass, inks, paints, and coatings others.
Chromium Oxide Market Country Level Analysis
The chromium oxide market is analysed, and market size, volume information is provided by country, form, grade, and application as referenced above.
The countries covered in the chromium oxide market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and rest of South America as part of South America.
Asia-Pacific dominates the chromium oxide market due to the rise in residential, commercial, and infrastructure construction activities. Furthermore, the increase in automotive production will further boost the growth of the chromium oxide market in the region during the forecast period. North America is projected to observe a significant amount of growth in the chromium oxide market due to the rise in scale applications in ink and glass manufacturing. Moreover, the increase in the packaged food and beverage consumption is further anticipated to propel the growth of the chromium oxide market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Chromium Oxide Market Share Analysis
The chromium oxide market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the chromium oxide market.
The major players covered in the chromium oxide market report are Venator Materials PLC., Sun Chemical, ELEMENTIS PLC, Hebei Chromate Chemical Co., Ltd., MidUral Group, LANXESS, American Elements, Reade International Corp., Sichuan Shucan Chemical Group Co., Ltd., ZHENGJIE SCIENCE & TECHNOLOGY INDUSTRY TRADE, China National Bluestar (Group) Co, Ltd., Hunter Chemical, L.L.C., Vishnu Chemicals, Saint-Gobain, Chrome Star Chemical Works., RD MATHIS COMPANY, A.C.I. Alloys, Edgetech Industries L.L.C., Belmont Metals, ProChem Tumkey Projects Pvt. Ltd.,, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-