Diboride Chromium Sales Market: Development, Growth, Trends, Demand, Analysis and Forecast 2022

This report studies the global Diboride Chromium market status and forecast, categorizes the global Diboride Chromium market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).

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Diboride chromium is a gay powder. For the Cr–B system, six chromium borides (Cr2B, Cr5B3,CrB, Cr3B4, CrB4 and CrB2), among them, CrB2 is the most stable compound with a melting point of 2200 oC and is a potential candidate as the structural material, hard coating on cutting tools, and protective layer on mechanical parts to resist wear and corrosion.

Boride and chromium are the main materials for diboride chromium. Most large manufacturers produce raw materials by themselves. Diboride chromium is mainly applied in target material, fire-proof materials and hard materials, of which target material paint industry occupies the largest share.

The price was at about 270 - 550 USD/Kg in 2015. The product profit margin was about 47% - 60 % in 2015, and the price has slight changes in recent years. In the next few years, we predict that price will change slightly.

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The global Diboride Chromium market is valued at 79 million US$ in 2017 and will reach 240 million US$ by the end of 2025, growing at a CAGR of 14.7% during 2018-2025.

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