openPR Logo
Press release

Chromium Oxide Market to Witness 4.5% CAGR from 2022 to 2029|Chromium Oxide Industry Share, Growth Rate, Demand and Forecast

01-24-2023 05:57 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fortune business insights

Chromium Oxide Market

Chromium Oxide Market

The global chromium oxide market size was pegged at USD 526.86 million in 2021. The market is anticipated to rise from USD 544.94 million in 2022 to USD 740.30 million by 2029 at a 4.5% CAGR during the forecast period. Fortune Business Insights™ has elucidated these insights in its latest research report, titled, "Chromium Oxide Market, 2022-2029."

According to the assessment, the compound has become sought-after across applications, including paints & coatings, metallurgy, ceramic and rubber. Chrome green compound is likely to gain traction for abrasion resistance, wear resistance, and resistance against chemicals. Prominently, a surge in wine consumption will act as a catalyst for robust industry growth.

Get Sample PDF Brochure:


Based on type, the market is segmented into metallurgical grade, pigment grade, chemical grade, and refractory grade.

In terms of application, the market is fragmented into metallurgy, paints & coatings, ceramic, rubber, and others.

With respect to geography, the market covers North America, Asia Pacific, Europe, the Middle East & Africa and Latin America.

Report Coverage

The research report on chromium oxide offers a comprehensive perspective of the market size, share, volume, and revenue. It has also delved into SWOT analysis and Porters' Five Force Analysis. The report has been prepared through qualitative and quantitative analysis to bolster the strategic approach. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals.

Drivers and Restraints

Infrastructural Development to Encourage Investments

Industry participants expect a resumption of infrastructural activities to underpin chromium oxide market share. The gradual rise in the demand for paints and coatings across automotive, construction, equipment manufacturing, consumer durables and aerospace will encourage investments in the ensuing period. Soaring demand for plastic products, ceramic and glass across advanced and emerging economies will bode well for the business forecast. Furthermore, the expansion of the steel industry has prompted investments from end-use sectors. It is worth mentioning that chrome green has gained prominence in providing high resistance to corrosion and a smooth finish.

Meanwhile, rigorous regulations over the consumption of chromium chemicals could challenge prominent players gearing to expand their portfolios.

Ask for Customization:

Regional Insights

Asia Pacific to Witness Investments Galore with Investments in Paints and Coatings

China and India have emerged as favorable destinations following the penetration of metallurgy and paints & coatings sectors. Besides, rising automotive production in the Asia Pacific will provide promising growth opportunities in the ensuing period. Burgeoning urbanization and industrialization will further solidify the position of Asia Pacific in the global market.

The Europe chromium oxide market growth will witness an upward trajectory against the backdrop of expansion of building & construction industries. Besides, the presence of leading companies across the U.K., Germany, Italy, and France will boost regional growth. Industry players are likely to seek the compound to use in ceramics and plastics, owing to its high tensile strength and rigidity.

Leading companies expect the North America market forecast to be strong on the back of rising demand from the paints & coating sector. Stakeholders envisage the U.S. and Canada as major hubs for chromium-based chemicals. Moreover, the expansion of metallurgy, ceramic, and rubber industries will also bode well for the regional expansion.

Competitive Landscape

Prominent Players Invest in Advanced Solutions to Tap Markets

Major players are poised to inject funds into organic and inorganic strategies to expand their footfall globally. In a bid to boost investments in advanced solutions, leading companies are likely to prioritize mergers & acquisitions, technological advancements, product rollouts, and R&D activities. Furthermore, investments in innovations amidst stiff competition will redefine the global dynamics.

Major Players Profiled in the Report:

LANXESS (Germany)
Vishnu Chemicals Limited (India)
Venator (U.S.)
MidUral Group (Russia)
American Elements (U.S.)
Hubei Zhenhua Chemical Co., LTD (China)
Luoyang Zhengjie Science & Technology Industry Trade Co., Ltd. (China)
Hebei Chromate Chemical Co. Ltd. (China)
HUNTER Chemical LLC (U.S.)
Chrome Star Chemical Works (India)
Shijiazhuang Jirong Chemical Co. (China)
Sichuan Yinhe Chemicals (China)
Inquire Before Buying This Report:


Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner -

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.


US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245


LinkedIn Facebook Twitter

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Chromium Oxide Market to Witness 4.5% CAGR from 2022 to 2029|Chromium Oxide Industry Share, Growth Rate, Demand and Forecast here

News-ID: 2896547 • Views:

More Releases from Fortune business insights

Reverse Flame Steam Boiler Market 2023 Dynamics, Major Players, SWOT Analysis, a …
Overview of the Global Reverse Flame Steam Boiler Market 2030: The report discusses everything a marketer requires before investing in the global Reverse Flame Steam Boiler Market during the forecast period 2023-2030. Reverse Flame Steam Boiler Market Size, Share And Global Trend By Capacity (Up to 100kW, 100-1000 kW, Above 1000 kW), By End-Use (Food Industry, Chemical Industry, Refineries, Metal Industry, Power Plant), And Geography Forecast Till 2022-2029. It provides detailed
Syngas and Derivatives Market Research Analysis, Size, Share, Growth Highlights …
Overview of the Global Syngas and Derivatives Market 2030: The report discusses everything a marketer requires before investing in the global Syngas and Derivatives Market during the forecast period 2023-2030. Syngas and Derivatives Market Size, Share and Global Trend By Feedstock(Coal, Petroleum, Natural Gas, Biomass), By Technology(Partial Oxidation, Steam Reforming, Auto-Thermal Reforming, and others), By End User(Chemicals, Power Generation, Liquid Fuels, Gaseous Fuels), and Geography Forecast till 2022-2029. It provides detailed
Port equipment Market Will Experience An Upswing In Demand, Driven By Top Players | Liebherr (Switzerland), TTS Group (Norway), Kalmar (Finland) Konecranes (Finland) |
Port equipment Market Will Experience An Upswing In Demand, Driven By Top Player …
The Port equipment Market Research Report provides an in-depth analysis of the market landscape and identifies future growth opportunities and trends until 2030. By offering valuable insights, the report enables companies to make informed decisions on business strategies and identify potential areas for growth. With a comprehensive assessment of the market, it equips businesses with the necessary tools to stay ahead of the competition. With this Port equipment Market research report,
Modular Chillers Market to reach USD 6.13 billion by 2026, at a CARG of 6.2% | LG Electronics, Mitsubishi Electric Corporation , Haier Group, Midea Group
Modular Chillers Market to reach USD 6.13 billion by 2026, at a CARG of 6.2% | L …
The Modular Chillers Market Report 2023 by Fortune Business Insights provides a comprehensive overview of the market's latest trends, size, regulations, key players, and strategies. The report offers valuable insights into the market's sales and revenue, product type, applications, regions, and leading players. Modular Chillers Market report also covers key players and competitor analysis, providing a comprehensive understanding of the industry's commercial landscape. The report is useful for gaining insights

All 5 Releases

More Releases for Chemical

Phosphorus Pentachloride market Key Players| Xuzhou Weiruipu Chemical, Xuzhou Ho …
A Comprehensive research study conducted by KD Market Insights on " Phosphorus Pentachloride (CAS 10026-13-8) Market - By Product Type (Qualified: content?98.0%, First grade: content?99.0%, High class products: content?99.5%), By Application (Pharmaceutical Industry, Dye Industry, Chemical Industry, Other) & Global Region Market Size, Share, Trends and Forecast 2018-2023" report offers extensive and highly detailed historical, current and future market trends in the global and regional/market. The Phosphorus Pentachloride market report includes market size, growth drivers,
Global 4-Hydroxybenzaldehyde Market 2019 - Jiaxing Jinhe Chemical, Suzhou Inter- …
4-Hydroxybenzaldehyde is an important fine chemical product and intermediate for organic synthesis, with wide use in pharmaceutical, aromatizer, pesticide, electroplating and liquid crystal industries. 4-Hydroxybenzaldehyde is a white or pale yellow crystalline powder, which is mainly made from para-cresol. Applications of 4-hydroxybenzaldehyde include Pharmaceutical, Aromatizer, Pesticide, Electronic and so on. Among those applications, Aromatizer accounts for the largest market share, which was about 65.60% in 2016. The 4-hydroxybenzaldehyde industry is highly concentrated
Industrial Sodium Nitrate Market Increasing Demand with Key Players: XuHang Chem …
Qyresearchreports include new market research report “Global Industrial Sodium Nitrate Market Professional Survey Report 2018” to its huge collection of research reports. This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering SQM Hualong Ammonium Nitrate XuHang Chemical FuYuan Chemical LuGuang Chemical YuanHua Chemical XinHao Chemical FengYuan Chemical Longsheng Jiaocheng Zhongyuan Chemical Jiaocheng MingXing Chemical Huaertai Chemical To Download Sample Report With TOC: On the basis of product, this report displays the production, revenue,
Zinc Sulphate Market Key Players Profiles and Analysis 2027: Lantian Chemical, L …
Market Research Future published a half cooked research report on “Global Zinc Sulphate Industry Market” – Market Analysis, Scope, Stake, Growth, Trends and Forecasts 2017-2027. Introduction: Market Research Future introduces about the Global Zinc Sulphate Market during the forecast period 2017-2027 which mainly includes the growth drivers, trends and restraints and how the market will grow in the future across the globe. In this report, Market Research Future has focused on
Global Nickel Naphthenate market 2017 - Minghuan Chemical, Zhang Ming Chemical, …
Apex Market Reports, recently published a detailed market research study focused on the "Nickel Naphthenate Market" across the global, regional and country level. The report provides 360° analysis of "Nickel Naphthenate Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Nickel Naphthenate industry, and estimates the future trend of Nickel Naphthenate market
Zinc Sulphate Market Key Profile- Lantian Chemical, LiHong Chemical, Rech Chemic …
Global Zinc Sulphate Market: Overview Zinc sulphate is an inorganic compound which is colorless, water soluble powder and crystalline and having a chemical formula of ZnSO4. Zinc Sulphate comes from zinc which is a naturally occurring mineral from the earth surface, food and water and it is mostly recognized for the growth and development of human health issues. Zinc Sulphate is typically used in healthcare industries in the treatment of zinc