Market Highlights

The Chromium Oxide Market  is projected to register a healthy CAGR of 5.13% to reach USD 353,564.5 Thousand by the end of 2030

The key factor driving the growth of the global market is the increasing demand for product in the paints & coatings industry majorly as pigment. These pigments exhibit superior performance properties in terms of opacity, resistance to acid and alkali, chemical resistance, corrosion resistance, exterior durability, and compatibility. The chromium oxide coatings exhibit excellent self-mating and anti-galling properties, owing to which they are recommended for applications wherein resistance to wear by abrasive grains, particle erosion, hard surfaces, and cavitation is required. The healthy growth of the paints & coatings industry globally, which is mainly attributed to increasing investments in construction activities globally, particularly residential construction, is expected to boost the demand for chromium oxide pigments in the coming years.

The growth of the construction industry in the developing countries of Asia-Pacific and the Middle East & Africa due to the rise in residential and commercial construction activities has fueled the demand for concrete and cement, and thereby for cement colorants, decorative coatings, and other building materials. In the building & construction industry, oxide pigments are ideal for coloring materials used in the construction industry, such as concrete and other construction materials. The growing urbanization with increasing per capita disposable income and changing lifestyles are important factors driving the growth of the construction industry in developing markets. This is likely to create lucrative opportunities for the manufacturers of chromium oxide during the review period.

However, the health hazards associated with chromium oxide is expected to hamper the growth of the global market to an extent during the forecast period. Chromium oxide is considered toxic and can lead to various chronic and acute health issues on inhalation, skin contact, ingestion, or eye contact.

Get a Free Sample PDF Brochure — https://www.marketresearchfuture.com/sample_request/8113

Segment Analysis

The global chromium oxide market has been segmented on the basis of grade, application, and region.

The Chromium Oxide Market is projected to register a healthy CAGR of 5.13% to reach USD 353,564.5 Thousand by the end of 2030 This is attributed to its excellent lightfastness and weatherability, resistance to acids, alkalis, solvents, and corrosion-resistant properties. Chromium oxide pigments are majorly used in the formulation of paints, coatings, enamels, and plastic products.

By application, the global chromium oxide market has been segmented into paints & coatings, glasses, ceramics, inks & dyes, bricks & concrete, metallurgy, and others. The metallurgy segment accounted for the largest market share of over 30% in 2017 and is projected to be valued at over USD 104 million by the end of 2030.

Enquiry For Discount — https://www.marketresearchfuture.com/check-discount/8113

Key Players

MRFR recognizes the following companies as the key players in the global chromium oxide market — Venator Materials PLC (UK), LANXESS (Germany), Hubei Zhenhua Chemical Co., Ltd (China), Elementis plc (UK), Saint-Gobain (France), Reade International Corp (US), Vishnu Chemicals (India), American Elements (US), Hunter Chemical LLC (US), and Chrome Star Chemical Works (India), among others.

Regional Analysis

The global chromium oxide market is studied with respect to five key regions, namely Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin America. The Asia-Pacific market was the leading regional market in 2017 and is expected to be a dominant market, registering a CAGR of around 6% during the forecast period. The European market held the second-largest share of the global market and is projected to be valued at over USD 93 million by the end of 2030. North America also held a substantial market share of around 14% in 2017.

Key Findings of the Study:

• The Chromium oxide coating is projected to be valued at USD 353,564.5 Thousand by the end of 2030 with a CAGR of around 5.13% during the forecast period of 2012–2030
• Asia-Pacific dominated the global market with a share of over 45% owing to the increasing demand for chromium oxide in the major economies of China, India, Thailand, and Indonesia
• The pigment grade segment held 45% of the global market share in 2017 and is expected to be valued at over USD 186.6 million by the end of 2030
• Metallurgy is estimated to be the dominant application segment in the global chromium oxide market during the forecast period

Related report —

1. Thermoplastic Polyurethane Market https://www.marketresearchfuture.com/reports/thermoplastic-polyurethane-market-3269
2. Fumed silica market https://www.marketresearchfuture.com/reports/fumed-silica-market-4542
3. Metallized Films Market https://www.marketresearchfuture.com/reports/metallized-films-market-6333

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com