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Chromium Oxide Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 170 Pages
SKU # FOB19260654

Description

Chromium Oxide Market



Growth Factors of Chromium Oxide Market

The global chromium oxide market size was valued at USD 569.23 million in 2023 and is projected to grow from USD 594.63 billion in 2024 to USD 844.80 million by 2032, exhibiting a CAGR of 4.5% during the forecast period of 2024-2032.

The chromium oxide market was affected by COVID-19- 19,, which affected the delivery chain and reduced calls from sensitive industries such as paints, coatings, and automobiles. However, the marketplace started improving as business activities resumed and demanded an uplift in publish-pandemic impediment to the chromium oxide market growth.

The growth of the chromium oxide marketplace results from the rising demands for chromium oxide from its most extensive buying marketing, the paints and coating business, use in ceramics and metallurgy, and its use in chrome steels. Also, the rising application of higher-performing pigments in the production and automotive industries, along with material science improvements, expands the market size.

Chromium oxide catalysts are vital in several environmental treatment processes, specifically for air and water pollution control. These catalysts are also used in chemical processes such as oxidation, hydrogenation, and dehydrogenation, broadening the global chromium oxide market share. Characteristic ability to cause reactions, materials purification, and pollution reduction allows them to be considered essential additives in sustainable and environmentally friendly technologies.

Comprehensive Analysis of Chromium Oxide Market

The chromium oxide marketplace is segmented through type and application. It includes pigment, metallurgical, refractory, and chemical grades by type. The pigment grade dominates because of its use in paints, coatings, and cosmetics, providing resistance to chemicals and solvents. The metallurgical grade is essential for generating stainless steel and is pushed via call for from automobile and steel processing industries. The refractory grade is applied in excessive-temperature applications, while the chemical grade is essential for polishing and chemical synthesis. In terms of utility, the metallurgy phase leads the market, driven by stainless steel production. Increased paints and coatings observe this because of chromium oxide's durability and resistance residences.

The Asia Pacific region led the chromium oxide market by benefitting a size of USD 326.82 million in 2023 due to increasing demand attributed to its applications in paints & coatings and metallurgy, alongside excessive car production, that's raising the market price in this region.

The leading players in the chromium oxide market significantly shape its growth trajectory and establish industry standards. Key players, including LANXESS (Germany), ELEMENTIS (U.K.), Vishnu Chemicals Limited (India), NIPPON CHEMICAL INDUSTRIAL CO., LTD. (Japan), Venator (U.S.), MidUral Group (Russia), American Elements (U.S.), Hubei Zhenhua Chemical Co., LTD (China), Luoyang Zhengjie Science & Technology Industry Trade Co., Ltd. (China), Hebei Chromate Chemical Co. Ltd. (China), HUNTER Chemical LLC (U.S.), Chrome Star Chemical Works (India), and Shijiazhuang Jirong Chemical Co. (China), contribute to a competitive landscape that drives innovation and market advancement.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

CAGR Growth Rate of 4.5% from 2024 to 2032

Unit Value (USD Million) and Volume (Kiloton)

Segmentation By Type

Pigment Grade

Metallurgical Grade

Refractory Grade

Chemical Grade

By Application

Paints & Coatings

Ceramic

Metallurgy

Rubber

Others

By Geography

North America (By Type, By Application)
  • U.S.
  • Canada
  • Mexico
Europe (By Type, By Application)
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Rest of Europe
Asia Pacific (By Type, By Application)
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Indonesia
  • Thailand
  • Malaysia
  • Philippines
  • Vietnam
  • Rest of Asia Pacific
Latin America (By Type, By Application)
  • Brazil
  • Rest of Latin America
Middle East & Africa (By Type, By Application)
  • Turkey
  • GCC Countries
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

Table of Contents

170 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
4.3. Latest Technological Advancement
4.4. Insights on Regulatory Scenario
4.5. Porters Five Forces Analysis
5. Qualitative Insights – Impact of COVID-19 on Global Chromium Oxide Market
5.1. Supply Chain Challenges
5.2. Steps taken by Government/Companies to overcome this impact
5.3. Potential opportunities due to COVID-19 outbreak
6. Global Chromium Oxide Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. By Type (Volume/Value)
6.2.1. Pigment Grade
6.2.2. Metallurgical Grade
6.2.3. Refractory Grade
6.2.4. Chemical Grade
6.3. By Application (Volume/Value)
6.3.1. Paints & Coatings
6.3.2. Ceramic
6.3.3. Metallurgy
6.3.4. Rubber
6.3.5. Others
6.4. By Region (Volume/Value)
6.4.1. North America
6.4.2. Europe
6.4.3. Asia Pacific
6.4.4. Latin America
6.4.5. Middle East & Africa
7. North America Chromium Oxide Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. By Type (Volume/Value)
7.2.1. Pigment Grade
7.2.2. Metallurgical Grade
7.2.3. Refractory Grade
7.2.4. Chemical Grade
7.3. By Application (Volume/Value)
7.3.1. Paints & Coatings
7.3.2. Ceramic
7.3.3. Metallurgy
7.3.4. Rubber
7.3.5. Others
7.4. By Country (Volume/Value)
7.4.1. U.S.
7.4.2. Canada
7.4.3. Mexico
8. Europe Chromium Oxide Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. By Type (Volume/Value)
8.2.1. Pigment Grade
8.2.2. Metallurgical Grade
8.2.3. Refractory Grade
8.2.4. Chemical Grade
8.3. By Application (Volume/Value)
8.3.1. Paints & Coatings
8.3.2. Ceramic
8.3.3. Metallurgy
8.3.4. Rubber
8.3.5. Others
8.4. By Country (Volume/Value)
8.4.1. Germany
8.4.2. France
8.4.3. UK
8.4.4. Italy
8.4.5. Russia
8.4.6. Rest of Europe
9. Asia-Pacific Chromium Oxide Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. By Type (Volume/Value)
9.2.1. Pigment Grade
9.2.2. Metallurgical Grade
9.2.3. Refractory Grade
9.2.4. Chemical Grade
9.3. By Application (Volume/Value)
9.3.1. Paints & Coatings
9.3.2. Ceramic
9.3.3. Metallurgy
9.3.4. Rubber
9.3.5. Others
9.4. By Country (Volume/Value)
9.4.1. China
9.4.2. Japan
9.4.3. South Korea
9.4.4. India
9.4.5. Australia
9.4.6. Indonesia
9.4.7. Thailand
9.4.8. Malaysia
9.4.9. Philippines
9.4.10. Vietnam
9.4.11. Rest of Asia Pacific
10. Latin America Chromium Oxide Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. By Type (Volume/Value)
10.2.1. Pigment Grade
10.2.2. Metallurgical Grade
10.2.3. Refractory Grade
10.2.4. Chemical Grade
10.3. By Application (Volume/Value)
10.3.1. Paints & Coatings
10.3.2. Ceramic
10.3.3. Metallurgy
10.3.4. Rubber
10.3.5. Others
10.4. By Country (Volume/Value)
10.4.1. Brazil
10.4.2. Argentina
10.4.3. Rest of Latin America
11. Middle East & Africa Chromium Oxide Market Analysis, Insights and Forecast, 2019-2032
11.1. Key Findings / Summary
11.2. By Type (Volume/Value)
11.2.1. Pigment Grade
11.2.2. Metallurgical Grade
11.2.3. Refractory Grade
11.2.4. Chemical Grade
11.3. By Application (Volume/Value)
11.3.1. Paints & Coatings
11.3.2. Ceramic
11.3.3. Metallurgy
11.3.4. Rubber
11.3.5. Others
11.4. By Country (Volume/Value)
11.4.1. Turkey
11.4.2. GCC Countries
11.4.3. Egypt
11.4.4. South Africa
11.4.5. Rest of Middle East & Africa
12. Company Profiles
12.1. LANXESS
12.1.1. Overview
12.1.2. Description
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. ELEMENTIS
12.2.1. Overview
12.2.2. Description
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. Vishnu Chemicals Limited
12.3.1. Overview
12.3.2. Description
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. NIPPON CHEMICAL INDUSTRIAL CO., LTD.
12.4.1. Overview
12.4.2. Description
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. Venator
12.5.1. Overview
12.5.2. Description
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. MidUral Group
12.6.1. Overview
12.6.2. Description
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. American Elements
12.7.1. Overview
12.7.2. Description
12.7.3. Product Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. Hubei zhenhua chemical co., LTD
12.8.1. Overview
12.8.2. Description
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. Luoyang Zhengjie Science & Technology Industry Trade Co.,Ltd.
12.9.1. Overview
12.9.2. Description
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. Hebei Chromate Chemical Co. Ltd.
12.10.1. Overview
12.10.2. Description
12.10.3. Product Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments
12.11. HUNTER Chemical LLC
12.11.1. Overview
12.11.2. Description
12.11.3. Product Portfolio
12.11.4. Financials (Data as available in public domain and/or on paid databases)
12.11.5. Recent Developments
12.12. Chrome Star Chemical Works
12.12.1. Overview
12.12.2. Description
12.12.3. Product Portfolio
12.12.4. Financials (Data as available in public domain and/or on paid databases)
12.12.5. Recent Developments
12.13. Shijiazhuang Jirong Chemical Co.
12.13.1. Overview
12.13.2. Description
12.13.3. Product Portfolio
12.13.4. Financials (Data as available in public domain and/or on paid databases)
12.13.5. Recent Developments
12.14. Sichuan Yinhe Chemicals
12.14.1. Overview
12.14.2. Description
12.14.3. Product Portfolio
12.14.4. Financials (Data as available in public domain and/or on paid databases)
12.14.5. Recent Developments
12.15. Other Key Players
13. Strategic Recommendations

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