U.S Chromium Market 2025: Industry Developments, Future Growth, Share & Industry Insights | CVK Group, Glencore, Gulf Mining Group, Hernic Ferrochrome (Pty) Ltd., MVC Holdings

Global Chromium Market reached US$ 23.36 billion in 2024 and is expected to reach US$ 36.61 billion by 2032, growing with a CAGR of 5.78% during the forecast period 2025-2032.

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(2025) - Investment & capacity expansion:

✅ AMG Critical Materials (Netherlands) announced a US$ 15 million capital investment to build an aluminothermic chromium‐metal production plant in New Castle, Pennsylvania (USA), with a targeted annual capacity of ~6,500 tonnes.

(May 1, 2025) - Operational disruption:

✅ The Glencore‐Merafe Chrome Venture (South Africa), a JV of Glencore and Merafe, temporarily suspended several of its ferrochromium smelters: the Boshoek smelter from May 1, and Lion & Wonderkop smelters from May 31 for maintenance / renovation.

These suspensions reflect challenges in the ferrochromium industry (possibly cost, maintenance, or demand headwinds).

(2025) - Asset sale:

✅ Afarak Group SE (Finland) announced that it sold its Zeerust chromium mine (in South Africa) to Plantcor Mining & Plant Hire, a private mining / mining‐services firm.

This marks a strategic divestment by Afarak, possibly to reallocate capital or reduce exposure to certain chromite assets.

Regional Share:

➠ Asia‐Pacific Dominates the global chromium market (over ~50% share) due to its massive stainless-steel production capacity (China, India).

➠ Europe Significant share (around ~20-25%) driven by applications in specialty alloys, energy technology (e.g., hydrogen), and strict environmental standards.

➠ North America Around ~15-22% of demand, supported by advanced manufacturing (aerospace, automotive) and investment in stainless-steel capacity.

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Market Growth Drivers:

✅ Stainless Steel Demand: Chromium is essential for stainless‐steel production since it improves corrosion resistance and strength.

✅ Infrastructure & Urbanization: Rapid industrialization and construction (especially in emerging economies) is boosting steel (and thus chromium) consumption.

✅ Automotive & Aerospace Applications: Chromium alloys are used in vehicle parts and in aerospace for their high strength and heat resistance.

✅ Green & High-tech Uses: Growing use in clean energy (e.g., hydrogen/renewables), coatings, and advanced alloys is diversifying demand.

✅ Regulatory Shift: There's a shift from toxic hexavalent chromium (Cr VI) to trivalent chromium (Cr III) in coatings and chemicals, which is spurring demand for safer chromium compounds.

✅ Mining & Processing Efficiency: Advances in mining technology (ore beneficiation, automation) are reducing costs and improving chromium supply.

Segments Covered in the Chromium Market:

By Type - Trivalent Chromium, Hexavalent Chromium

By Application - Metal Ceramics, Chrome Plating, Refractory Materials, Dyes and Paints, Alloys, Others

By End-User - Metallurgy, Hydraulics & Heavy Machinery, Aerospace & Aviation, Construction, Automotive, Electronics, Others

Regional Analysis for Chromium Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Major Key Players: Al Tamman Indsil FerroChrome L.L.C, Assmang Proprietary Limited, CVK Group, Glencore, Gulf Mining Group LLC., Hernic Ferrochrome (Pty) Ltd., MVC Holdings LLC, Odisha Mining Corporation Ltd., Samancor Chrome and Kermas Group Ltd.

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