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Global Chromium Mining Market 2016-2020

About Chromium

Chromium is widely used in the production of ferrochrome, which is used in the production of stainless steel. It is obtained from chromite ores, which are of four types: metallurgical, refractory, foundry, and sand. Some other applications for chromite ore include chemicals, specialty steel, and metal chrome. South Africa is the largest chromium mining nation.

Technavio’s analysts forecast the global chromium mining market to grow at a CAGR of 5.23% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global chromium mining market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top eight vendors operating in the market. In addition, the report discusses the major drivers influencing the market growth and the challenges faced by the vendors and the market as a whole. It also examines key emerging trends and their influence on current and future market scenarios.The market is divided into the following segments based on geography:

  • Africa
  • Americas
  • APAC
  • Europe and Middle East
Technavio's report, Global Chromium Mining Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Assmang
  • Chrometco
  • ENRC
  • Ferbasa
  • Glencore
  • International Ferro Metals
  • Samancor Chrome
  • Yilmaden Holding
Market driver
  • Increase in demand from stainless steel market
  • For a full, detailed list, view our report
Market challenge
  • Declining refractory chromite consumption
  • For a full, detailed list, view our report
Market trend
  • Increasing exploration in chromium mining sector
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Chromium Mining Market 2016-2020

Technavio recognizes the following companies as the key players in the global chromium mining market: Assmang, Chrometco, ENRC, Ferbasa, Glencore, International Ferro Metals, Samancor Chrome, and Yilmaden Holding.

Commenting on the report, an analyst from Technavio’s team said: “Shift toward renewable energy source will be a major trend leading to market growth. Energy crises such as in South Africa is prompting companies to shift toward renewable energy. In addition, depletion of natural resources led manufacturers to tap renewable energy resources. The global renewable energy market is expected to grow at a rapid rate during the forecast period. For instance, the global solar energy market is expected to grow at a CAGR of around 15% during the forecast period.”

According to the report, demand from China will be one of the major drivers leading to market growth. China is the leading producer of stainless steel. In 2012, the country overtook South Africa as the leading consumer of ferrochrome on the back of stainless steel production. In Q4 2015, despite a 400,000 metric tons drop in stainless steel production, it was still the largest producer in the world. We expect the market in China to increase production by the end of the forecast period, which will bode well for the global chromium mining market.

Further, the report states that declining ferrochrome prices will be a major challenge against the market growth. During 2014-2015, the ferrochrome prices experienced a significant decrease. Ferrochrome prices were $1 per pound in January 2015 and reached $0.81 per pound by the end of the year. This led to a cut down in the production of ferrochrome across the supply chain. For instance, Yildrim has cut its production in Tikhvin, Russia and Zimasco has shut its furnaces in Kwekwe, Zimbabwe. International Ferro Metals and Tata Steel KZN also faced challenges in running their businesses due to the declining prices.

Companies Mentioned

Assmang, Chrometco, ENRC, Ferbasa, Glencore, International Ferro Metals, Samancor Chrome, Yilmaden Holding.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Global chromium mining market
      • Table Global chromium mining market by type
      • Table Global chromium mining market by end-use
      • Table Chromium mining market by geography
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Overview
    • Value chain
      • Table Chromium mining value chain
  • Market landscape
    • Global chromium mining market
      • Table Global chromium mining market 2015-2020 (million metric tons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Table Global chromium mining market by type 2015
    • Table Global chromium mining market by type 2015-2020 (million metric tons)
    • Global chromium mining market for metallurgical chromite
      • Table Global chromium mining market for metallurgical chromite 2015-2020 (million metric tons)
    • Global chromium mining market for chemical and foundry sand chromite
      • Table Global chromium mining market for chemical and foundry sand chromite 2015-2020 (million metric tons)
    • Global chromium mining market for refractory chromite
  • Segmentation by chromite end-use
    • Table Global chromium mining market by end-use 2015
    • Table Global chromium mining market by end-use 2015-2020 (million metric tons)
    • Global chromium mining market for stainless steel
      • Table Global chromium mining market for stainless steel 2015-2020 (million metric tons)
    • Global chromium mining market for alloy steel
      • Table Global chromium mining market for alloy steel 2015-2020 (million metric tons)
  • Geographical segmentation
    • Table Global chromium mining market by geography 2015
    • Table Global chromium mining market by geography 2015-2020 (million metric tons)
    • Chromium mining market in APAC
      • Table Chromium mining market in APAC 2015-2020 (million metric tons)
    • Chromium mining market in Africa
      • Table Chromium mining market in Africa 2015-2020 (million metric tons)
    • Chromium mining market in Europe and Middle East
      • Table Chromium mining market in Europe and Middle East 2015-2020 (million metric tons)
  • Market drivers
    • Increase in demand from stainless steel market
      • Table Global stainless steel production 2008-2014 (million metric tons)
    • Demand from China
    • Growing demand for metallurgical chromite
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Declining ferrochrome prices
    • Declining refractory chromite consumption
    • Energy crisis in South Africa
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increase in production of non-met chromite
    • Shift toward renewable energy source
    • Increasing exploration in chromium mining sector
      • Table Major chrome ore and ferrochrome projects
  • Vendor landscape
    • Competitive scenario
    • Major chromium mining production regions
      • Table Major chromium mining production regions 2015
    • Key market vendors
      • Table Key market vendors for chromium mining 2015
  • Key vendor analysis
    • Assmang
      • Table Assmang: Business divisions
    • Chrometco
      • Table Chrometco: Indicated mineral resources share 2015
      • Table Mineral resources: Crometco
      • Table Exploration 2015: Chrometco
    • ENRC
    • Ferbasa
      • Table Market segmentation: Ferbasa
    • Glencore
      • Table Glencore: Business segmentation by revenue 2014
      • Table Glencore: Coal assets production
      • Table Oil assets production
      • Table Custom metallurgical assets
      • Table Glencore: Processing and production data
      • Table Glencore: Geographical segmentation by revenue 2014
    • International Ferro Metals
    • Samancor Chrome
    • Yilmaden Holding
  • Appendix
    • List of abbreviations
  • Explore Technavio

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