Chromium is a chemical element and is steely-gray lustrous and brittle. Chromium is a hard metal that possesses corrosion resistance property. Chromium, when polished, gains a gleaming surface, which is used to plate other metals to form a protective and attractive covering. Chromium is widely used in many applications such as in metal ceramics, chrome plating, as dyes and paints, in alloys-stainless steel, as a catalyst in dyeing and leather tanning.
MARKET DYNAMICS
The chromium market has witnessed significant growth due to increasing adoption of chromium as element in steel metal for decorative plating in automotive sector. Moreover, the growing consumption of chromium for stainless steel as an alloy provide a huge market opportunity for the key players operating in the chromium market. However, carcinogenic properties and volatility in prices is projected to hamper the overall growth of the chromium market.
MARKET SCOPE
The "Global Chromium Market Analysis to 2028? is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the chromium market with detailed market segmentation application, and geography. The global chromium market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading chromium market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global chromium market is segmented on the basis of application.. On the basis of application, the global chromium market is divided into metallurgy, chemicals, and refractory.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global chromium market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The chromium market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the chromium market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the chromium market in these regions.
MARKET PLAYERS
The reports cover key developments in the chromium market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from chromium market is anticipated to lucrative growth opportunities in the future with the rising demand for chromium in the global market. Below mentioned is the list of few companies engaged in the chromium market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the chromium market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Al Tamman Indsil Ferrochrome LLC (FZC)
- Assmang Proprietary Limited
- Chrometco Limited
- Companhia de Ferro Ligas da Bahia - Ferbasa
- CVK Group, Inc.
- Eurasian Natural Resources Corporation Limited
- Glencore Plc
- Gulf Coast Mining Group LLC
- Hernic Ferrochrome (Pty) Ltd.
- Kermas Group Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.