The Brazil chromium market was valued at USD 376.16 Million in 2025. The industry is expected to grow at a CAGR of 3.30% during the forecast period of 2026-2035, to attain a valuation of USD 520.45 Million by 2035.
Base Year
Historical Period
Forecast Period
95% of Brazil’s chromium reserves are present in the state of Bahia and the localities of Andorinha, and Ipueira, among others.
3% of Brazil’s chromium reserves are present in Minas Gerais.
Minas Gerais produces around 10,000 tonnes of chromium annually.
Compound Annual Growth Rate
3.3%
Value in USD Million
2026-2035
*this image is indicative*
| Brazil Chromium Market Report Summary | Description | Value |
| Base Year | USD Million | 2025 |
| Historical Period | USD Million | 2019-2025 |
| Forecast Period | USD Million | 2026-2035 |
| Market Size 2025 | USD Million | 376.16 |
| Market Size 2035 | USD Million | 520.45 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 3.30% |
| CAGR 2026-2035 - Market by Region | Minas Gerais | 3.8% |
| CAGR 2026-2035 - Market by Region | Bahia | 3.4% |
| CAGR 2026-2035 - Market by Application | Metallurgy | 3.6% |
| Market Share by Region | Minas Gerais | 8.4% |
Nearly 95% of the world’s chromite reserves (over 12 billion tons) are concentrated in South Africa and Kazakhstan, which makes it a critical mineral for producing stainless steel, superalloys, and electroplating in other parts of the world. Brazil is home to nearly 0.11% of global chromium reserves and is the only producer of chromium in Latin America.
FERBASA controls nearly 95% of Brazil’s chromium reserves and is the leading ferroalloy producer domestically. In 2022, 513,788 mineral tons of minerals were mined in Brazil. Metal alloys like high-carbon ferrochrome accounted for 301.6 thousand tons of overall production in 2022, thereby leading to the market growth.
The mining industry of Brazil is engaged in the production and marketing of nearly 70 mineral commodities. It constitutes a significant portion of domestic exports and accounts for a substantial portion of the national GDP.
Chromium is extensively used to produce refractory materials, which can tolerate high temperatures and harsh environments. Chrome-magnesite bricks, which are widely used in the lining of kilns and furnaces are also derived from chromium. They are widely used in the cement, glass, and steel industries due to their excellent corrosion resistance and thermal insulation properties, which are expected to contribute to the market growth in the coming years.
"Brazil Chromium Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Application
Market Breakup by Region
| CAGR 2026-2035 - Market by | Application |
| Metallurgy | 3.6% |
| Refractory | 3.2% |
| Chemicals | XX% |
| Others | XX% |
| CAGR 2026-2035 - Market by | Region |
| Minas Gerais | 3.8% |
| Bahia | 3.4% |
| São Paulo | 3.0% |
| Rio de Janeiro | XX% |
| Rio Grande do Sul | XX% |
| Others | XX% |
Based on application, the market is segmented into metallurgy, chemicals, and refractory, among others. Over the forecast period, metallurgy is expected to grow at a CAGR of 3.6%, due to the growing use of chromium in the production of ferrochrome alloys.
| Market Share by | Region |
| Minas Gerais | 8.4% |
| São Paulo | XX% |
| Rio de Janeiro | XX% |
| Bahia | XX% |
| Rio Grande do Sul | XX% |
| Others | XX% |
Chromium is extensively used to produce pigments for manufacturing paints, dyes, and inks. Chromium-based pigments like chrome green, chrome red, and chrome yellow are extensively used to produce architectural coatings due to their ability to resist adverse weather conditions. The anticipated growth of the housing industry is expected to contribute to the market growth.
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The market is projected to grow at a CAGR of 3.30% between 2026 and 2035.
The different applications of chromium in the market include metallurgy, chemicals, and refractory, among others.
The different regions covered in the market report are São Paulo, Minas Gerais, Rio de Janeiro, Bahia, and Rio Grande do Sul.
The key market players are Glencore Plc and Ferbasa, among others.
In 2025, the market attained a value of nearly USD 376.16 Million.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 520.45 Million by 2035.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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