This report on the Powder Chromium Oxide market offers an extensive analysis of the trends to estimate its growth in the near future. It provides historical investigation and evaluates the trends observed in the data gathered to speculate the development in its size, share, demand, total earnings, and revenue. It considers the years 2019 and 2020 to collect historical data while considering 2021 as the base year to draw a forecast for the years 2022 to 2030. This assessment indicates a stable CAGR in the predicted duration and discusses those sectors that might boost the development of the industry.
The global Powder Chromium Oxide market is expected to register a revenue CAGR of 4.25% between 2022 and 2030. Powder Chromium Oxide is a naturally occurring compound of chromium and oxygen with chemical formula Cr2O3. Powder Chromium Oxide is an important industrial chemical because of its unique properties, such as high melting point, low expansion coefficient, good electrical conductivity, and strong oxidizing power. Powder Chromium Oxide is used in a wide range of applications, including pigments, coatings, refractories, catalysts, and abrasives, among others.
The global Powder Chromium Oxide market is expected to be driven by factors including rising demand for pigments and coatings. Powder Chromium Oxide is widely used as a pigment in paints and inks due to its high color strength and stability. Powder Chromium Oxide is also used as an antifouling agent in marine paints due to its ability to prevent growth of barnacles and other marine organisms on ship hulls. Powder Chromium Oxide is also used as an abrasive in polishing compounds and grinding wheels. Rapidly growing global construction industry, and increasing need for Powder Chromium Oxide to manufacture various products used in construction such as pigments in paints & coatings are expected to drive market revenue growth.
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Major Companies in the Market Include:
- BASF SE
- The Chemours Company
- Pigma Pigments
- Merck KGaA
- Magna Colors Corporation
- Heubach GmbH
- Ferro Corporation
- Chromatech Incorporated
- Huntsman International LLC.
- Sudarshan Chemical Industries Limited
- Lanxess AG
- Kronos Worldwide, Inc.
- Toyal Europe GmbH & Co. KG
- Kohler Pigments GmbH & Co. KG
- Sun Chemical Corporation
- Ferro Pigments
- Chroma Ate, Inc.
Some of the factors restraining market revenue growth are rising environmental concerns associated with Powder Chromium Oxide production and easy availability of substitutes. Chromium is a known human carcinogen, and exposure to Powder Chromium Oxide can cause respiratory problems, skin irritation, and ulceration. Chromium compounds are also considered to be harmful to the environment. Stringent environmental regulations have been implemented by government of various countries globally which is expected to limit the use of Powder Chromium Oxide. Availability of substitutes, such as titanium dioxide and zinc oxide, is also expected to hamper revenue growth of the Powder Chromium Oxide market to some extent.
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Product Type Outlook (Revenue, USD Million; Volume, Kilo Tons, 2019-2030 )
- Powder Chromium Oxide green
- Chromium hydroxide
- Chromic acid
Application Outlook (Revenue, USD Million; Volume, Kilo Tons, 2019-2030 )
- Pigments
- Refractories
- Abrasives
- Catalysts
- Others
Regional Outlook
For comprehensive understanding of market dynamics, the global Powder Chromium Oxide market is analysed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
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Some points on how the report benefits stakeholders:
- The reports include historical (2019–2021) and forecast (2022–2030) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2019 and 2030.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements, and various other factors that enhance sales of a firm or perhaps provide insights to focus on mergers and acquisitions as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments product /services, expansion strategies, investments in expansion, and more.
Finally, the Powder Chromium Oxide Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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According to the Fortune Business Insights report, titled “Chromium Oxide Market Size, Share & Industry Analysis, By Type (Pigment Grade, Metallurgical Grade, Refractory Grade, Chemical Grade), By Application (Paints & Coatings, Ceramic, Metallurgy, Rubber, Others), and Regional Forecast, 2019-2026”, the global Chromium Oxide Market value stood at USD 492.4 million in 2018.The global chromium oxide market size is set to touch USD 703.3 million by 2026, exhibiting a 4.6% CAGR during the forecast period.
Rapid rise in urbanization is increasing and intensifying construction activities in residential and commercial spaces.
This is mainly on account of growing metal production, developing construction industry, and rising demand for automobiles in India and China.
For example, in March 2019, LANXESS exhibited chromium oxide pigments under the brand name Colortherm, having a high milling stability and heat resistance.
Similarly, the MIDURAL Group has developed Chromium 1915 which is designed to be used in the production of chrome-infused industrial reagents and other materials such as potassium dichromate and chromium anhydride.About us:Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions.
We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses.
The global chromium oxide market was valued US$ 192.58 Mn in 2019 and is expected to reach 414.26 Mn by 2027, at a CAGR of 3.8 % during the forecast period.
It occurs naturally as a rare mineral eskolaite and holds a wide range of applications in coatings resulting in excellent resistance to wear, abrasion, corrosion, and chemicals.The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.Market Drivers and Restraints:Technological advancement and development in the method of the manufacturing process in developed and developing countries are driving the growth of the chromium oxide market globally.
Chromium oxide has broad application in the automotive industries for coating and polishing of various machinery parts as it has corrosion free property which is expected to drive the market growth, which will further propel the market demand in the global market.Development in the commercial sector with increased urbanization linked with construction activity is booming the market demand for steel thus driving the growth of the chromium oxide market.
Chromium Oxide is broadly utilized covering market value with significant growth of 45.3 Mn.
Major key vendors are investing in the chromium oxide market, as this market is expected to show constant growth with wide opportunities for manufacturers and end-users.However, the unavailability of raw materials and observed side effects after the application is expected to hamper the chromium oxide market growth.
Additionally, the presence of substitutes in the market hinders market growth in the coming years.Chromium Oxide Market Segment analysis:In the chromium oxide market application segment, the metallurgy sub-segment was calculated to be the dominant sector holding the largest market share with the prominent application at a CAGR of 2.2 % by 2027.
The Chromium Nitride Powder Market 2021 research report gives emerging industry data, global segments and regional outlook.
This report covers up all details such as size, share, value, growth, restraints, and opportunities for the year 2020 to 2027.
The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain.
The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the chromium nitride powder market include Beijing Youxinglian Nonferrous Metals, JAPAN NEW METALS, H.C. Starck, Shanghai Greenearth Chemicals, Shanghai Xinglu Chemical Technology, Zhejiang Yamei Nano TechnologyS.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Chromium Nitride Powder Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/chromium-nitride-powder-market/download-sampleMarket DynamicsThe global chromium nitride powder market is projected to grow at a tremendous pace during the forecast period.
