Chromium Carbide Market 2026 : Technology Growing Rapidly Due to High Quality Standards and Effective Features By Alfa Aesar,Strem Chemicals, Inc.,Changsha Langfeng Metallic Material Co.,Ltd.,Reade International Corp.,NewMet Ltd.,ESPICorp Inc.,Nanoshel LL

Persistence Market Research (PMR) has published a new report on chromium carbide. The report has been titled “Chromium Carbide Market: Global Industry Analysis 2013–2017 and Forecast 2018–2026.” Chromium carbide market is likely to generate incremental dollar opportunity at a relatively moderate growth rate. Comparatively complex production procedures and corresponding higher prices for chromium carbide are anticipated to result in it being used in higher value applications. Furthermore, chromium carbide market encompasses relatively few core global players and several small and medium-size players operating in the market.

In order to stay competent in the market, the players in the market are adopting several differentiating strategies. The companies in the market are strengthening their product portfolio by concentrating on certain strategic acquisitions and mergers that are intended to leverage the strength of the product of the company that has been acquired. Other than this, gaining access to the leading clients in core industries such as power, oil and gas, and mining is likely to emerge as a noteworthy strategic approach. The companies operating in the market are OC Oerlikon Corporation AG, Pfäffikon, H.C. Starck GmbH, Praxair S.T. Technology, Inc., Alfa Aesar, Strem Chemicals, Inc., Changsha Langfeng Metallic Material Co., Ltd., and NewMet Ltd., among others.

According to the PMR analyst, “The global chromium carbide market is expected to increase at a CAGR of 5.9% from 2018 to 2026. In 2017, the market was worth US$ 123.3 Mn and is expected to touch a valuation of US$ 206.7 Mn by the end of 2026.”

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Consumption in Welding Electrode Applications to Augur Well for the Market

The use of chromium carbide in welding electrode applications presents considerable advantages. For instance, the deposited weld metal could be ground and is highly resilient to abrasive wear with moderate impact and is suggested for general hard facing applications on carbon steels, manganese steels and cast iron. Deposits are restricted to two layers to eradicate relief checks. Such welding electrode application advantages make chromium carbide a preferred choice for general hard facing applications on alloy steel, carbon steel, and cast iron parts. Unique components which are subject to such welding are dredger buckets, dragline teeth, bulldozer cutting edges, excavator shovels and agricultural implements.

Lately, chromium carbide has been finding key industrial applications in areas where wear resistance caused by abrasion, cavitation and particle erosion at high temperatures drastically reduces the life of an equipment. Chromium carbide surfacing has been found to resist oxide pick-up in high temperature atmospheres for steel production. Chromium carbide powder also has been finding increasing applications in areas where the coated part needs to function in an environment with moving solid particles and corrosive or erosive gases.

Unfavorable Features to Dampen Market Growth

Chromium carbide based cermets though find multiple applications on account of their special characteristics such as high levels of hardness of chromium carbide-nickel cermets, also display some undesired features such as comparatively poor mechanical properties. Moreover, in the case of certain stabilized stainless steel grades, chromium carbide has been found to be harmful to the corrosion resistance property of stainless steels. These dynamics, to an extent, have been restricting the use of chromium carbide, thereby dampening the market growth.

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Chromium Carbide Market : TOC

1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Fortune

2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Supply Chain Overview
2.4. Production Processes

3. Market Background
3.1. Macro-Economic Factors
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Trends
3.3. Supply Chain Overview

4. Global Chromium Carbide Market Analysis 2013–2017 and Forecast 2018-2026
4.1. Market Overview
4.2. Market Volume Projections
4.3. Pricing Analysis, by Region
4.4. Market Size Projections
4.4.1. Y-o-Y Projections
4.4.2. Absolute $ Opportunity Analysis

5. Global Chromium Carbide Market Analysis 2013–2017 and Forecast 2018-2026, By Application
5.1. Introduction
5.1.1. Market Value Share Analysis By Application
5.1.2. Y-o-Y Growth Analysis By Application
5.2. Historical Market Size (US$ Mn) and Volume By Application, 2013–2017
5.3. Market Size (US$ Mn) and Volume Opportunity Assessment By Application, 2018-2028
5.3.1. Wear Resistant Coatings
5.3.2. Welding Electrodes
5.3.3. Cutting Tools
5.4. Market Attractiveness Analysis By Application

6. Global Chromium Carbide Market Analysis 2013–2017 and Forecast 2018-2026, By End Use Industry
6.1. Introduction
6.1.1. Market Value Share Analysis By End Use Industry
6.1.2. Y-o-Y Growth Analysis By End Use Industry
6.2. Historical Market Size (US$ Mn) and Volume By End Use Industry, 2013–2017
6.3. Market Size (US$ Mn) and Volume Opportunity Assessment By End Use Industry, 2018-2028
6.3.1. Mining
6.3.2. Energy
6.3.3. Cement
6.3.4. Steel
6.3.5. Pulp & Paper
6.3.6. Glass
6.3.7. Others
6.4. Market Attractiveness Analysis By End Use Industry

7. Global Chromium Carbide Market Analysis 2013–2017 and Forecast 2018-2026, By Region
7.1. Introduction
7.1.1. Market Value Share Analysis By Region
7.1.2. Y-o-Y Growth Analysis By Region
7.2. Historical Market Size (US$ Mn) and Volume By Region, 2013–2017
7.3. Market Size (US$ Mn) and Volume Opportunity Assessment By Region, 2018-2028
7.3.1. North America
7.3.2. Latin America and Middle East & Africa (LAMEA)
7.3.3. Europe
7.3.4. South East Asia (SEA) and Other APAC
7.3.5. China
7.3.6. Japan
7.4. Market Attractiveness Analysis By Region

8. North America Chromium Carbide Market Analysis 2013–2017 and Forecast 2018-2026
8.1. Introduction
8.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
8.3. Market Size (US$ Mn) and Volume Opportunity Assessment By Market Segments, 2018-2028
8.3.1. By Country
8.3.1.1. U.S.
8.3.1.2. Canada
8.3.2. By Application
8.3.2.1. Wear Resistant Coatings
8.3.2.2. Welding Electrodes
8.3.2.3. Cutting Tools
8.3.3. By End Use Industry Industry
8.3.3.1. Mining
8.3.3.2. Energy
8.3.3.3. Cement
8.3.3.4. Steel
8.3.3.5. Pulp & Paper
8.3.3.6. Glass
8.3.3.7. Others
8.4. Market Attractiveness Analysis
8.4.1. By Country
8.4.2. By Application
8.4.3. By End Use Industry Industry

9. Latin America and Middle East & Africa (LAMEA) Chromium Carbide Market Analysis 2013–2017 and Forecast 2018-2026
9.1. Introduction
9.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
9.3. Market Size (US$ Mn) and Volume Opportunity Assessment By Market Segments, 2018-2028
9.3.1. By Country
9.3.1.1. Latin America
9.3.1.2. Middle East & Africa
9.3.2. By Application
9.3.2.1. Wear Resistant Coatings
9.3.2.2. Welding Electrodes
9.3.2.3. Cutting Tools
9.3.3. By End Use Industry
9.3.3.1. Mining
9.3.3.2. Energy
9.3.3.3. Cement
9.3.3.4. Steel
9.3.3.5. Pulp & Paper
9.3.3.6. Glass
9.3.3.7. Others
9.4. Market Attractiveness Analysis
9.4.1. By Country
9.4.2. By Application
9.4.3. By End Use Industry

10. Europe Chromium Carbide Market Analysis 2013–2017 and Forecast 2018-2026
10.1.Introduction
10.2.Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
10.3.Market Size (US$ Mn) and Volume Opportunity Assessment By Market Segments, 2018-2028
10.3.1. By Country
10.3.1.1. Germany
10.3.1.2. France
10.3.1.3. United Kingdom
10.3.1.4. Italy
10.3.1.5. Spain
10.3.1.6. Russia
10.3.1.7. Rest of Europe
10.3.2. By Application
10.3.2.1. Wear Resistant Coatings
10.3.2.2. Welding Electrodes
10.3.2.3. Cutting Tools
10.3.3. By End Use Industry
10.3.3.1. Mining
10.3.3.2. Energy
10.3.3.3. Cement
10.3.3.4. Steel
10.3.3.5. Pulp & Paper
10.3.3.6. Glass
10.3.3.7. Others
10.4.Market Attractiveness Analysis
10.4.1. By Country
10.4.2. By Application
10.4.3. By End Use Industry

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