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Global Chromium Market: By Application: Metallurgy, Chemicals, Refractory, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: SWOT Analysis: Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Competitive Landscape; Industry Events and Developments

Global Chromium Market Outlook

The global chromium market attained a value of approximately USD 14 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 3%.

 

Asia Pacific Holds a Significant Share of the Chromium Industry

Chromium is a significant metal used in various industries due to its excellent strength and corrosion resistance. It is primarily used in the production of stainless steel and nonferrous alloys, which is contributing significantly to the market growth. Moreover, it is also used to create pigments and chemicals used to process leather. Chromium is used in the production of super alloys, which permit jet engines to operate in high-temperature, high-stress, and chemically oxidising environment. In addition, it is further used in aircraft to protect seal components against galling, corrosion, and wear, which is catalysing the growth of the industry. Furthermore, chromium is alloyed with other metals to make military aircraft engines like stainless steel tankers, consequently aiding the overall expansion of the market.

The Asia Pacific region is the dominating market for chromium owing to the increasing consumption of chromium in various industries, including automotive, oil and gas, and construction, among others. Moreover, the increasing production of stainless steels in countries such as China and India utilises chromite extensively, consequently propelling the market growth. In addition, the robust growth of the automotive, construction, and consumer goods industries is increasing the demand for chromium, hence augmenting the market growth. The market in Europe and North America is being aided by the steady growth of the construction and infrastructure industry, which is boosting the demand for chromium, therefore providing further impetus to the market growth.

 

Chromium Market

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Chromium: Industry Definition and Segmentation

Chromium is a steel grey, lustrous, hard, and brittle transition metal that is used in alloys to increase strength and corrosion resistance. It has a high melting point and stable structure, due to which it is used in textile and refractory industries. It is mainly found in chromite ore, which is mined in Russia, Zimbabwe, New Zealand, Iran, Albania, and Turkey, among others.

The major applications of chromium are:

  • Metallurgy
  • Chemicals
  • Refractory 
  • Others

The EMR report looks into the regional markets of chromium like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Production of Stainless Steel to Bolster the Growth of the Chromium Industry

The rising use of stainless steel in chemical and petrochemical products, consumer goods, and heavy transport, among others, is catalysing the market growth for chromium. As chromium provides corrosive resistant properties to stainless steel, it is increasingly used in its production. Moreover, the use of ferrochrome, an alloy of chromium and iron, as a base material in the manufacturing of steels is further augmenting the industry growth. Stainless steel is durable, low-maintenance, and sustainable, which is leading to its extensive use in the auto, railway, and transportation industry, hence propelling the market growth for chromium.

Chromium salts, processed from chromite, are one of the crucial raw materials in the chemical industry and are widely used in electroplating, printing and dyeing, tanning, catalyst, fuels, medicines, and oxidants, among others. Moreover, the introduction of favourable government initiatives and funding to boost the automotive sector, particularly in India and China, is expected to impact the market growth positively. In addition, rapid urbanisation and rising inflation income are increasing the demand for private ownership of vehicles, which is providing further impetus to the market growth. Various technological advancements to improve efficiency and increase production capacity in the manufacturing process are also anticipated to fuel the market growth in the forecast period.

 

Key Industry Players in the Global Chromium Market

The report presents a detailed analysis of the following key players in the global chromium market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Glencore PLC
  • Al Tamman Indsil FerroChrome
  • Odisha Mining Corporation Ltd
  • Samancor Chrome
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Regions
Breakup by Application Metallurgy, Chemicals, Refractory, Others
Breakup by Regions North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends-Regional
Competitive Landscape Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Glencore PLC, Al Tamman Indsil FerroChrome, Odisha Mining Corporation Ltd, Samancor Chrome, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Chromium Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Chromium Historical Market (2016-2020) 
    8.3    Global Chromium Market Forecast (2021-2026)
    8.4    Global Chromium Market by Application
        8.4.1    Metallurgy
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Chemicals
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Refractory 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Others 
    8.5    Global Chromium Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Price Analysis
    13.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Glencore PLC
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Al Tamman Indsil FerroChrome
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Odisha Mining Corporation Ltd
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Samancor Chrome
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Others
15    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Figures and Tables

1.    Global Chromium Market: Key Industry Highlights, 2016 and 2026
2.    Global Chromium Historical Market: Breakup by Application (USD Billion), 2016-2020
3.    Global Chromium Market Forecast: Breakup by Application (USD Billion), 2021-2026
4.    Global Chromium Historical Market: Breakup by Region (USD Billion), 2016-2020
5.    Global Chromium Market Forecast: Breakup by Region (USD Billion), 2021-2026
6.    North America Chromium Historical Market: Breakup by Country (USD Billion), 2016-2020
7.    North America Chromium Market Forecast: Breakup by Country (USD Billion), 2021-2026
8.    Europe Chromium Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    Europe Chromium Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Asia Pacific Chromium Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Asia Pacific Chromium Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Latin America Chromium Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Latin America Chromium Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Middle East and Africa Chromium Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Middle East and Africa Chromium Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Major Exporting Countries by Value
17.    Major Importing Countries by Value
18.    Major Exporting Countries by Volume
19.    Major Importing Countries by Volume
20.    North America Historical Price Trends and Forecast 2016-2026
21.    Europe Historical Price Trends and Forecast 2016-2026
22.    Asia Pacific Historical Price Trends and Forecast 2016-2026
23.    Latin America Historical Price Trends and Forecast 2016-2026
24.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
25.    Global Chromium Market Structure

Key Questions Answered in the Report

In 2020, the global chromium market attained a value of nearly USD 14 billion.

The market is projected to grow at a CAGR of 3% between 2021 and 2026.

The market is being aided by the robust growth of the automotive sector, increasing production of stainless steel, and the rising demand for chromium in the construction sector.

The market is expected to be facilitated by the favourable government initiatives and funding to boost the automotive sector.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major applications of chromium in the industry are metallurgy, chemical, and refractory, among others.

The major players in the industry are Glencore PLC, Al Tamman Indsil FerroChrome, Odisha Mining Corporation Ltd, and Samancor Chrome, among others.

Analyst Review

The global chromium market attained a value of about USD 14 billion in 2020, driven by the rising use of chromium in various industries. Aided by the growing production of stainless steels, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 3%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the chromium industry can be segmented into metallurgy, chemical, and refractory, among others. The major regional markets for chromium are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Glencore PLC, Al Tamman Indsil FerroChrome, Odisha Mining Corporation Ltd, and Samancor Chrome, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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