
Chrome Chemicals Market by Type (Chrome Sulphate, Chromic Acid, Chromic Oxide), End-Use (Chemical, Healthcare & Pharmaceuticals, Leather) - Global Forecast 2024-2030
Description
Chrome Chemicals Market by Type (Chrome Sulphate, Chromic Acid, Chromic Oxide), End-Use (Chemical, Healthcare & Pharmaceuticals, Leather) - Global Forecast 2024-2030
The Chrome Chemicals Market size was estimated at USD 8.00 billion in 2023 and expected to reach USD 8.64 billion in 2024, at a CAGR 8.27% to reach USD 13.95 billion by 2030.Chrome chemicals are chemical compounds containing chromium as an essential element derived from chromium ore, which are used in various industrial applications such as paints & coatings, textiles, and chemicals, among many more. The market for chrome chemicals is witnessing significant growth and is influenced by several key factors, such as growing construction and infrastructure activities and the expansion of the textile industry. The demand for chrome chemicals is rising across the construction and wood preservation sector due to their applications in corrosion-resistant coatings, plating, and metal treatment processes. These chemicals provide excellent protection and enhance the durability of structures and automotive components. However, fluctuating prices of chrome chemicals influenced by supply and demand, raw material costs, and market conditions are impacting the industry dynamics. This price volatility affects the profitability and cost-effectiveness of businesses using chrome chemicals. There is a rising emphasis on research and development activities to stay competitive and meet evolving chrome chemicals industry demands. Several companies invest in developing chrome chemicals with enhanced properties, such as improved corrosion resistance, higher efficiency, and reduced environmental impact. The focus of market players on innovation is driven by the need to cater to the changing requirements of end-users and comply with stringent regulations.Nevertheless, health and safety concerns associated with chrome chemicals remain an important consideration. Hexavalent chromium compounds, a chrome chemical, have been linked to potential health risks. As a result, regulations and guidelines have been implemented to ensure proper handling, storage, and disposal of these chemicals. Companies in the market are increasingly adopting safer alternatives and implementing robust safety measures to address these concerns.Regional InsightsRegions experiencing rapid industrialization and infrastructure development, such as Asia-Pacific, offer significant growth potential for chrome chemical manufacturers. These regions' growling automotive, construction, and manufacturing sectors drive the demand for chrome chemicals across the end-use sector. In South America, countries like Brazil are witnessing substantial growth in the construction and infrastructure sectors, driving the demand for chrome chemicals in applications such as corrosion-resistant coatings and concrete additives. Government initiatives play a crucial role in shaping the chrome chemicals market. Many governments, mainly in Europe and North America, have implemented regulations and standards to ensure the safe production, handling, and disposal of chrome chemicals.Additionally, government support for research and development activities aims to enhance the properties and applications of chrome chemicals. Countries with abundant chromium ore reserves, such as South Africa, Kazakhstan, India, and Turkey, have a significant presence in the chrome chemicals market. These countries possess the advantage of raw material availability, contributing to their production capabilities and export potential. Export-oriented countries benefit from international trade agreements and strategic partnerships to expand their market reach.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Chrome Chemicals Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Chrome Chemicals Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Chrome Chemicals Market, highlighting leading vendors and their innovative profiles. These include AD International B.V., Aldon Corporation, Brother Enterprises Holding Co., Ltd., CATHAY INDUSTRIES, China National Bluestar (Group) Co. , Ltd., Chongqing Minfeng Chemical Co., Ltd., Chrome Star Chemical Works, Hebei Chromate Chemical Co.Ltd,, Hubei Zhenhua Chemical CO., LTD, Hunter Chemical, LLC, Hwatsi Chemical Private Limited, Luoyang Zhengjie New Material Technology Co., Ltd., M.S. Chemicals, McGean, Merck KGaA, MidUral Group, Muby Chemicals, Nilkanth Organics, NIPPON CHEMICAL INDUSTRIAL CO.,LTD., Noah Chemicals, Inc., ProChem, Inc., Rishab Intermediates Pvt. Ltd., Sam Industries, Sichuan Yinhe Chemical Co., Ltd., Sun Chemical Group Cooperatief U.A. by DIC Corporation, Sun Industries, Suvchem, Vishnu Chemicals, YILDIRIM Group, and Şişecam.
Market Segmentation & Coverage
This research report categorizes the Chrome Chemicals Market to forecast the revenues and analyze trends in each of the following sub-markets:
Type
Chrome Sulphate
Chromic Acid
Chromic Oxide
Chromium Chloride
End-Use
Chemical
Healthcare & Pharmaceuticals
Leather
Paints & Coatings
Textile
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
1. What is the market size and forecast of the Chrome Chemicals Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Chrome Chemicals Market?
3. What are the technology trends and regulatory frameworks in the Chrome Chemicals Market?
4. What is the market share of the leading vendors in the Chrome Chemicals Market?
5. Which modes and strategic moves are suitable for entering the Chrome Chemicals Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
198 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Chrome Chemicals Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing demand for chrome chemicals from the leather industry
- 5.1.1.2. Growing construction and infrastructure activities worldwide
- 5.1.1.3. Increasing usage in automotive coatings, plating, and metal treatment processes
- 5.1.2. Restraints
- 5.1.2.1. Fluctuating prices of chrome chemicals
- 5.1.3. Opportunities
- 5.1.3.1. Rising R&D activities to develop chrome chemicals with enhanced properties
- 5.1.3.2. Increasing preference for chrome pigments across the paint & coatings industry
- 5.1.4. Challenges
- 5.1.4.1. Health and safety concerns associated with chrome chemicals
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Chrome Chemicals Market, by Type
- 6.1. Introduction
- 6.2. Chrome Sulphate
- 6.3. Chromic Acid
- 6.4. Chromic Oxide
- 6.5. Chromium Chloride
- 7. Chrome Chemicals Market, by End-Use
- 7.1. Introduction
- 7.2. Chemical
- 7.3. Healthcare & Pharmaceuticals
- 7.4. Leather
- 7.5. Paints & Coatings
- 7.6. Textile
- 8. Americas Chrome Chemicals Market
- 8.1. Introduction
- 8.2. Argentina
- 8.3. Brazil
- 8.4. Canada
- 8.5. Mexico
- 8.6. United States
- 9. Asia-Pacific Chrome Chemicals Market
- 9.1. Introduction
- 9.2. Australia
- 9.3. China
- 9.4. India
- 9.5. Indonesia
- 9.6. Japan
- 9.7. Malaysia
- 9.8. Philippines
- 9.9. Singapore
- 9.10. South Korea
- 9.11. Taiwan
- 9.12. Thailand
- 9.13. Vietnam
- 10. Europe, Middle East & Africa Chrome Chemicals Market
- 10.1. Introduction
- 10.2. Denmark
- 10.3. Egypt
- 10.4. Finland
- 10.5. France
- 10.6. Germany
- 10.7. Israel
- 10.8. Italy
- 10.9. Netherlands
- 10.10. Nigeria
- 10.11. Norway
- 10.12. Poland
- 10.13. Qatar
- 10.14. Russia
- 10.15. Saudi Arabia
- 10.16. South Africa
- 10.17. Spain
- 10.18. Sweden
- 10.19. Switzerland
- 10.20. Turkey
- 10.21. United Arab Emirates
- 10.22. United Kingdom
- 11. Competitive Landscape
- 11.1. FPNV Positioning Matrix
- 11.2. Market Share Analysis, By Key Player
- 11.3. Competitive Scenario Analysis, By Key Player
- 11.3.1. Merger & Acquisition
- 11.3.1.1. Yildirim Group Signs The Acquisition Agreement of Elementis Chromium
- 11.3.2. Award, Recognition, & Expansion
- 11.3.2.1. Vishnu Chemicals Expands to Americas
- 12. Competitive Portfolio
- 12.1. Key Company Profiles
- 12.1.1. AD International B.V.
- 12.1.2. Aldon Corporation
- 12.1.3. Brother Enterprises Holding Co., Ltd.
- 12.1.4. CATHAY INDUSTRIES
- 12.1.5. China National Bluestar (Group) Co. , Ltd.
- 12.1.6. Chongqing Minfeng Chemical Co., Ltd.
- 12.1.7. Chrome Star Chemical Works
- 12.1.8. Hebei Chromate Chemical Co.Ltd,
- 12.1.9. Hubei Zhenhua Chemical CO., LTD
- 12.1.10. Hunter Chemical, LLC
- 12.1.11. Hwatsi Chemical Private Limited
- 12.1.12. Luoyang Zhengjie New Material Technology Co., Ltd.
- 12.1.13. M.S. Chemicals
- 12.1.14. McGean
- 12.1.15. Merck KGaA
- 12.1.16. MidUral Group
- 12.1.17. Muby Chemicals
- 12.1.18. Nilkanth Organics
- 12.1.19. NIPPON CHEMICAL INDUSTRIAL CO.,LTD.
- 12.1.20. Noah Chemicals, Inc.
- 12.1.21. ProChem, Inc.
- 12.1.22. Rishab Intermediates Pvt. Ltd.
- 12.1.23. Sam Industries
- 12.1.24. Sichuan Yinhe Chemical Co., Ltd.
- 12.1.25. Sun Chemical Group Cooperatief U.A. by DIC Corporation
- 12.1.26. Sun Industries
- 12.1.27. Suvchem
- 12.1.28. Vishnu Chemicals
- 12.1.29. YILDIRIM Group
- 12.1.30. Şişecam
- 12.2. Key Product Portfolio
- 13. Appendix
- 13.1. Discussion Guide
- 13.2. License & Pricing
- FIGURE 1. CHROME CHEMICALS MARKET RESEARCH PROCESS
- FIGURE 2. CHROME CHEMICALS MARKET SIZE, 2023 VS 2030
- FIGURE 3. CHROME CHEMICALS MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. CHROME CHEMICALS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. CHROME CHEMICALS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. CHROME CHEMICALS MARKET DYNAMICS
- FIGURE 7. CHROME CHEMICALS MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
- FIGURE 8. CHROME CHEMICALS MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. CHROME CHEMICALS MARKET SIZE, BY END-USE, 2023 VS 2030 (%)
- FIGURE 10. CHROME CHEMICALS MARKET SIZE, BY END-USE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. AMERICAS CHROME CHEMICALS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 12. AMERICAS CHROME CHEMICALS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. UNITED STATES CHROME CHEMICALS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 14. UNITED STATES CHROME CHEMICALS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. ASIA-PACIFIC CHROME CHEMICALS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 16. ASIA-PACIFIC CHROME CHEMICALS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. EUROPE, MIDDLE EAST & AFRICA CHROME CHEMICALS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. EUROPE, MIDDLE EAST & AFRICA CHROME CHEMICALS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. CHROME CHEMICALS MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 20. CHROME CHEMICALS MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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