Chromium Carbide Market to Cross US$ 206.7 Mn in revenues by 2026 | According to PMR

Chromium Carbide Market

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 revenue of US$ 206.7 Mn by the end of 2026."

Chromium Carbide is a compound of chromium and carbon, and is used in various industrial applications. It has high hardness, wear resistance and thermal stability, making it an ideal material for use in cutting tools, wear parts and other components subjected to high temperatures. The growing demand from the automotive industry isexpected to be a major driver for the Chromium Carbide Market during the forecast period.

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Chromite carbide is the subject of a recent report from Persistence Market Research. "Chromium Carbide Market Sale: Global Industry Analysis 2013-2017 and Forecast 2018-2026" is the title of the report. The market for chromium carbide is projected to create new dollar opportunities with a growth rate that is relatively moderate. It is projected that chromium carbide will be used in higher value applications as a result of somewhat complicated production processes and correspondingly higher prices. Furthermore, there are a number of small and medium-sized competitors participating in the Chromium Carbide Market Sale in addition to the relatively small number of major worldwide firms.

Company Profiles:

• OC Oerlikon Corporation AG, Pfaeffikon
• C. Starck GmbH
• Praxair S.T. Technology, Inc.
• Sigma-Aldrich Co. LLC.
• Alpha Aesar
• Strem Chemicals, Inc.
• Changsha Langfeng Metallic Material Co.,Ltd.
• Reade International Corp.
• NewMet Ltd.
• ESPICorp Inc.
• Nanoshel LLC
• LTS Research Laboratories, Inc.
• American Elements
• Inframat Corporation
• ZhuZhou GuangYuan Cemented Material Co., Ltd

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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.

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Chromium Carbide Market Segmentations-
Chromium Carbide Market By Application

• Wear & Corrosion Resistant Coatings
• Welding Electrodes
• Cutting Tools

Chromium Carbide Market By Region

• North America
• Latin America and Middle East & Africa (LAMEA)
• Europe
• South East Asia & Asia Pacific (SEA & Pacific)
• China
• Japan

Chromium Carbide Market By End Use Industry

• Mining
• Energy
• Cement
• Steel
• Pulp & Paper
• Glass
• Others

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About PMR - Chemicals and Materials

The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.

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