The growth of the global chromium oxide market is expected to be driven by factors like the increasing demand for pigments and coatings. Its versatile uses span across industries such as pigments, coatings, refractories, catalysts, and abrasives. It holds significant importance in various industrial applications due to its distinct characteristics, including a high melting point, low expansion coefficient, good electrical conductivity, and strong oxidizing power. Chromium oxide, denoted by the chemical formula Cr2O3, is a naturally occurring compound composed of chromium and oxygen. NEW YORK, NY, UNITED STATES, June 9, 2023/ / - The global market for chromium oxide is projected to experience a compound annual growth rate (CAGR) of 4.25% between 20. Sinhagad Road, Pune – 411051, Maharashtra, India.Chromium Oxide Market report also sheds light on supply chains and the changes in the trends of the upstream raw materials and downstream distributors. in addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Chromium Oxide Market positioning of competitors.īrowse the market data Tables and Figures spread through a comprehensive Research report and in-depth TOC on “ Global Chromium Oxide Market.” The driving forces, as well as considerable restraints, have been explained in depth. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Chromium Oxide Market. Maximize Market Research, a global market research with a dedicated team of specialists and, useful for making an informed strategic decision by the key stakeholders in the industry. Leading market players in the Global Chromium Oxide Market are, BlueStar Yima Chrome Chemical Materials, Hebei Chromate Chemical, Huangshi Zhenhua Chemical, Chongqing Minfeng Chemical, Aktyubinsk, Sun Chemical, Vishnu, Elementis, Hunter Chemical, Midural Group, Lanxess, Soda Sanayii, Huntsman, Luoyang Zhengjie, Sichuan Yinhe Chemical, and Jirong Chemical. Similarly, the market in Asia-Pacific is estimated to register a CAGR of 4.2 % during the forecast period. The high demand for alloy and chemicals is further projected to propel the growth of the global chromium oxide market over the forecast period. India has documented as the largest chromium oxide producer and exporter, although China is a major importer in the chromium oxide market. Regionally, Asia Pacific is the largest market and supply chain in the chromium oxide market. The Asia Pacific region dominated the Chromium Oxide Market in 2019. Chief clients of pigment involve paint and coating of the metallurgy sector, as it has high tensile strength property because of high oxidative, excellent mechanical, corrosion resistance, and harness are major key factors to drive the market growth. Pigment grade was the largest application segment in the year 2019 and the trend is estimated to continue over the forecast period. Grade segment is expected to grow at the highest CAGR of XX% during the forecast period. The report of global Chromium Oxide Market by Grade (Pigment Grade, Metallurgical Grade, and Refractory Grade) Application (Paints and Coatings, Bricks and Concrete, Inks and Dyes, Metallurgy, Glasses and Ceramics, and Others) and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 414.26 Mn by 2027, at a CAGR of 3.8 % during the forecast period.
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