Global Chromium Market: Industry Analysis and Forecast (2020-2027)- By Grade, Application, and Region.

Global Chromium Market: Industry Analysis and Forecast (2020-2027)- By Grade, Application, and Region.

Market Scenario

The Global Chromium Market was valued US$ X.58 Bn and is expected to reach X.26 Bn by 2027, at a CAGR of X.11% during the forecast period. Demand in high quality supplementary products with required medicine request is high in the market. Global Chromium Market Market Definition: In the year of 2019 documented production of chromium was XX.X thousand and this has shown a positive response for the market growth. In terms of market share Asia Pacific was valued XX Bn with considerable CAGR of XX%. While globally market is expected to reach XX.58 Bn by 2027, at a CAGR of X.11% during the forecast period. Major key vendors are investing in chromium market, as this market is expected show constant growth with wide opportunities for manufacturer and end-users.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Market Drivers and Restraints: Technological advancement and development in method of manufacturing process in developed and developing countries are driving the growth of chromium market globally. Chromium has broad application in the automotive industries for coating and polishing of various machinery parts as it has corrosion free property and is expected to unhinder the market growth, which will increase the market demand in near future. Furthermore, Chromium is a crucial alloying element in the formulation of stainless steel. Hence, increased demand for stainless steel is a major growth driver in the global market. Approximately 19.23% of the total composition of stainless steel is comprised of Chromium in order to augment its hardness and resistance to oxidation, thus properties of Chromium prevent steel from corrosion for long duration will boost the market growth. Chemical industrial division is a major sector to cover market growth, as R & D sector is on another level for advanced research will boost the market growth. Chromium is broadly utilise and covering market value with significant growth of XX Bn. However, limitations of raw materials and side effect after application is negatively influenced the chromium market growth. On the other hand; presence of substitutes in the market will hinder the market growth in the coming years. Recent Development:  Boston Scientific Launches Third-Generation Platinum Chromium Drug-Eluting Stent On May 19, Boston Scientific Corporation is s a manufacturer of medical devices used in interventional medical process headquarters located in MA, announced the launch of the platinum chromium TAXUS Element; Paclitaxel-Eluting Coronary Stent System in chromium markets worldwide. The TAXUS Element Stent features a new Platinum Chromium alloy engineered specifically for coronary stent applications and represents the Company’s third-generation drug-eluting stent (DES) technology. Latest cobalt-free and hexavalent-chromium free passivation systems: Driven by REACH, several industries have started looking for alternative technologies free from cobalt salts. To meet these needs, MacDermid Enthone have introduced TriPass ELV 7000 cobalt-free passivation systems. Benefits of TriPass ELV 7000 series passivates include: • Additives are free of Carcinogenic, Mutagenic and Reprotoxic compounds (CMR-Free) • Solution free from hexavalent chromium and cobalt (SVHC-free) • Compliant with ELV, RoHS, WEEE directives • Inhibitor content can be analyzed in the film Chromium Market Segment analysis: Analysis of the chromium market application segment, the stainless steel industry was calculated to be the dominant sector holding the largest market share with prominent application at a CAGR of around XX% by 2027. Ferrochromium is an alloy produced from chromite by silicothermic reactions employed for the manufacturing of stainless steel. The document registered by, The International Stainless Steel Forum; melting shops for stainless steel production is recorded as, 5.9% in the year of 2019 and expected to show constant increasing by XX% in the forecasted period. Further driving factor such as, less toxicity and prolonged reflecting with infrared exposer is widely used as an adulterating agent applied in numerous metallurgy and alloys segment, attracting the vendors to invest and will contribute in the market growth. The chromium market is likely to be valued at approximately US$ XX Bn in 2019, owing to the increasing consumer demand, virtually, 45% of market is acquired by stainless steel segment. Chromium Market Regional Analysis: Regionally, Asia Pacific is expected to dominate the chromium market with an expected to grow at CAGR of XX % during the forecast period. Advancement in machinery in Asia Pacific region is boosting the market growth, especially India and China is has documented as major contributor as awareness about the product and large production unit in this region is very high thus, helping in market growth. Thus the APAC’s wealth in terms of steel production is being joined with chromium market raising its demand. Indian Brand Equity Foundation stated that domestic stainless steel output in India was XX Mt in 2019 and will increase XX Mt in 2027, with India securing the second spot after Japan and China retaining its first spot. In 2019 market size was valued US$ XX Bn while in India, market size was valued XX Bn and expected to increase by US$ XX Bn in coming years. In the year of 2019 approximately 40% of market is acquired by Asia Pacific region and expected to grow constantly in future. The objective of the report is to present a comprehensive analysis of the Global Chromium Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Chromium Market dynamics, structure by analysing the market segments and project the Global Chromium Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Chromium Market make the report investor’s guide.

Scope of Chromium Market

Global Chromium Market, By Grade

• Chemical intermediary • Refractory and foundry • Metallurgical

Global Chromium market, By Application

• Non-ferrous alloy production • Stainless steel production • Alloyed steel production • Automotive production • Refractory additives • Chemical sector • Others

Global Chromium Market, By Region

• North America • Europe • Asia Pacific • Latin America • Middle East & Africa

Key Players Operating the Chromium Market,

• Al Tamman Indsil FerroChrome LLC • Eurasian Natural Resource Corporation • Assmang Proprietary Limited • Hernic Ferrochrome (Pty) Ltd • Odisha Mining Corporation • International Ferro Metals • Odisha Mining Corporation • Gulf Mining Group LLC • Williams and Company • Hernic Ferrochrome Ltd • Gulf Mining Group • Samancor Chrome • Kermas Group Ltd • Glencore PLC • Glencore Plc • POLEMA JSC • CVK Group • Ferbasa • Hickman

Table of Contents

Global Chromium Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Chromium Market Size, by Market Value (US$ Bn) and Volume (Units) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 4.8. Patent Registration 5. Supply Side and Demand Side Indicators 6. Global Chromium Market Analysis and Forecast 6.1. Global Chromium Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Chromium Market Analysis and Forecast, By Grade 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Chromium Market Value Share Analysis, By Grade 7.4. Global Chromium Market Size (US$ Bn) Forecast, By Grade 7.5. Global Chromium Market Analysis, By Grade 7.6. Global Chromium Market Attractiveness Analysis, By Grade 8. Global Chromium Market Analysis and Forecast, By Applications 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Chromium Market Value Share Analysis, By Applications 8.4. Global Chromium Market Size (US$ Bn) Forecast, By Applications 8.5. Global Chromium Market Analysis, By Applications 8.6. Global Chromium Market Attractiveness Analysis, By Applications 9. Global Chromium Market Analysis, by Region 9.1. Global Chromium Market Value Share Analysis, by Region 9.2. Global Chromium Market Size (US$ Bn) Forecast, by Region 9.3. Global Chromium Market Attractiveness Analysis, by Region 10. North America Chromium Market Analysis 10.1. Key Findings 10.2. North America Chromium Market Overview 10.3. North America Chromium Market Value Share Analysis, By Grade 10.4. North America Chromium Market Forecast, By Grade 10.4.1. Chemical intermediary 10.4.2. Refractory and foundry 10.4.3. Metallurgical 10.5. North America Chromium Market Value Share Analysis, By Applications 10.6. North America Chromium Market Forecast, By Applications 10.6.1. Non-ferrous alloy production 10.6.2. Stainless steel production 10.6.3. Alloyed steel production 10.6.4. Automotive production 10.6.5. Refractory additives 10.6.6. Chemical sector 10.6.7. Others 10.7. North America Chromium Market Value Share Analysis, by Country 10.8. North America Chromium Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Chromium Market Analysis, by Country 10.10. U.S. Chromium Market Forecast, By Grade 10.10.1. Chemical intermediary 10.10.2. Refractory and foundry 10.10.3. Metallurgical 10.11. U.S. Chromium Market Forecast, By Applications 10.11.1. Non-ferrous alloy production 10.11.2. Stainless steel production 10.11.3. Alloyed steel production 10.11.4. Automotive production 10.11.5. Refractory additives 10.11.6. Chemical sector 10.11.7. Others 10.12. Canada Chromium Market Forecast, By Grade 10.12.1. Chemical intermediary 10.12.2. Refractory and foundry 10.12.3. Metallurgical 10.13. Canada Chromium Market Forecast, By Applications 10.13.1. Non-ferrous alloy production 10.13.2. Stainless steel production 10.13.3. Alloyed steel production 10.13.4. Automotive production 10.13.5. Refractory additives 10.13.6. Chemical sector 10.13.7. Others 10.14. North America Chromium Market Attractiveness Analysis 10.14.1. By Grade 10.14.2. By Applications 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Development 11. Europe Chromium Market Analysis 11.1. Key Findings 11.2. Europe Chromium Market Overview 11.3. Europe Chromium Market Value Share Analysis, By Grade 11.4. Europe Chromium Market Forecast, By Grade 11.4.1. Chemical intermediary 11.4.2. Refractory and foundry 11.4.3. Metallurgical 11.5. Europe Chromium Market Value Share Analysis, By Applications 11.6. Europe Chromium Market Forecast, By Applications 11.6.1. Non-ferrous alloy production 11.6.2. Stainless steel production 11.6.3. Alloyed steel production 11.6.4. Automotive production 11.6.5. Refractory additives 11.6.6. Chemical sector 11.6.7. Others 11.7. Europe Chromium Market Value Share Analysis, by Country 11.8. Europe Chromium Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Chromium Market Analysis, by Country 11.10. Germany Chromium Market Forecast, By Grade 11.10.1. Chemical intermediary 11.10.2. Refractory and foundry 11.10.3. Metallurgical 11.11. Germany Chromium Market Forecast, By Applications 11.11.1. Non-ferrous alloy production 11.11.2. Stainless steel production 11.11.3. Alloyed steel production 11.11.4. Automotive production 11.11.5. Refractory additives 11.11.6. Chemical sector 11.11.7. Others 11.12. U.K. Chromium Market Forecast, By Grade 11.12.1. Chemical intermediary 11.12.2. Refractory and foundry 11.12.3. Metallurgical 11.13. U.K. Chromium Market Forecast, By Applications 11.13.1. Non-ferrous alloy production 11.13.2. Stainless steel production 11.13.3. Alloyed steel production 11.13.4. Automotive production 11.13.5. Refractory additives 11.13.6. Chemical sector 11.13.7. Others 11.14. France Chromium Market Forecast, By Grade 11.14.1. Chemical intermediary 11.14.2. Refractory and foundry 11.14.3. Metallurgical 11.15. France Chromium Market Forecast, By Applications 11.15.1. Non-ferrous alloy production 11.15.2. Stainless steel production 11.15.3. Alloyed steel production 11.15.4. Automotive production 11.15.5. Refractory additives 11.15.6. Chemical sector 11.15.7. Others 11.16. Italy Chromium Market Forecast, By Grade 11.16.1. Chemical intermediary 11.16.2. Refractory and foundry 11.16.3. Metallurgical 11.17. Italy Chromium Market Forecast, By Applications 11.17.1. Non-ferrous alloy production 11.17.2. Stainless steel production 11.17.3. Alloyed steel production 11.17.4. Automotive production 11.17.5. Refractory additives 11.17.6. Chemical sector 11.17.7. Others 11.18. Spain Chromium Market Forecast, By Grade 11.18.1. Chemical intermediary 11.18.2. Refractory and foundry 11.18.3. Metallurgical 11.19. Spain Chromium Market Forecast, By Applications 11.19.1. Non-ferrous alloy production 11.19.2. Stainless steel production 11.19.3. Alloyed steel production 11.19.4. Automotive production 11.19.5. Refractory additives 11.19.6. Chemical sector 11.19.7. Others 11.20. Rest of Europe Chromium Market Forecast, By Grade 11.20.1. Chemical intermediary 11.20.2. Refractory and foundry 11.20.3. Metallurgical 11.21. Rest of Europe Chromium Market Forecast, By Applications 11.21.1. Non-ferrous alloy production 11.21.2. Stainless steel production 11.21.3. Alloyed steel production 11.21.4. Automotive production 11.21.5. Refractory additives 11.21.6. Chemical sector 11.21.7. Others 11.22. Europe Chromium Market Attractiveness Analysis 11.22.1. By Grade 11.22.2. By Applications 11.23. PEST Analysis 11.24. Key Trend 11.25. Key Development 12. Asia Pacific Chromium Market Analysis 12.1. Key Findings 12.2. Asia Pacific Chromium Market Overview 12.3. Asia Pacific Chromium Market Value Share Analysis, By Grade 12.4. Asia Pacific Chromium Market Forecast, By Grade 12.4.1. Chemical intermediary 12.4.2. Refractory and foundry 12.4.3. Metallurgical 12.5. Asia Pacific Chromium Market Value Share Analysis, By Applications 12.6. Asia Pacific Chromium Market Forecast, By Applications 12.6.1. Non-ferrous alloy production 12.6.2. Stainless steel production 12.6.3. Alloyed steel production 12.6.4. Automotive production 12.6.5. Refractory additives 12.6.6. Chemical sector 12.6.7. Others 12.7. Asia Pacific Chromium Market Value Share Analysis, by Country 12.8. Asia Pacific Chromium Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Chromium Market Analysis, by Country 12.10. China Chromium Market Forecast, By Grade 12.10.1. Chemical intermediary 12.10.2. Refractory and foundry 12.10.3. Metallurgical 12.11. China Chromium Market Forecast, By Applications 12.11.1. Non-ferrous alloy production 12.11.2. Stainless steel production 12.11.3. Alloyed steel production 12.11.4. Automotive production 12.11.5. Refractory additives 12.11.6. Chemical sector 12.11.7. Others 12.12. India Chromium Market Forecast, By Grade 12.12.1. Chemical intermediary 12.12.2. Refractory and foundry 12.12.3. Metallurgical 12.13. India Chromium Market Forecast, By Applications 12.13.1. Non-ferrous alloy production 12.13.2. Stainless steel production 12.13.3. Alloyed steel production 12.13.4. Automotive production 12.13.5. Refractory additives 12.13.6. Chemical sector 12.13.7. Others 12.14. Japan Chromium Market Forecast, By Grade 12.14.1. Chemical intermediary 12.14.2. Refractory and foundry 12.14.3. Metallurgical 12.15. Japan Chromium Market Forecast, By Applications 12.15.1. Non-ferrous alloy production 12.15.2. Stainless steel production 12.15.3. Alloyed steel production 12.15.4. Automotive production 12.15.5. Refractory additives 12.15.6. Chemical sector 12.15.7. Others 12.16. ASEAN Chromium Market Forecast, By Grade 12.16.1. Chemical intermediary 12.16.2. Refractory and foundry 12.16.3. Metallurgical 12.17. ASEAN Chromium Market Forecast, By Applications 12.17.1. Non-ferrous alloy production 12.17.2. Stainless steel production 12.17.3. Alloyed steel production 12.17.4. Automotive production 12.17.5. Refractory additives 12.17.6. Chemical sector 12.17.7. Others 12.18. Rest of Asia Pacific Chromium Market Forecast, By Grade 12.18.1. Chemical intermediary 12.18.2. Refractory and foundry 12.18.3. Metallurgical 12.19. Rest of Asia Pacific Chromium Market Forecast, By Applications 12.19.1. Non-ferrous alloy production 12.19.2. Stainless steel production 12.19.3. Alloyed steel production 12.19.4. Automotive production 12.19.5. Refractory additives 12.19.6. Chemical sector 12.19.7. Others 12.20. Asia Pacific Chromium Market Attractiveness Analysis 12.20.1. By Grade 12.20.2. By Applications 12.21. PEST Analysis 12.22. Key Trend 12.23. Key Development 13. Middle East & Africa Chromium Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Chromium Market Overview 13.3. Middle East & Africa Chromium Market Value Share Analysis, By Grade 13.4. Middle East & Africa Chromium Market Forecast, By Grade 13.4.1. Chemical intermediary 13.4.2. Refractory and foundry 13.4.3. Metallurgical 13.5. Middle East & Africa Chromium Market Value Share Analysis, By Applications 13.6. Middle East & Africa Chromium Market Forecast, By Applications 13.6.1. Non-ferrous alloy production 13.6.2. Stainless steel production 13.6.3. Alloyed steel production 13.6.4. Automotive production 13.6.5. Refractory additives 13.6.6. Chemical sector 13.6.7. Others 13.7. Middle East & Africa Chromium Market Value Share Analysis, by Country 13.8. Middle East & Africa Chromium Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Chromium Market Analysis, by Country 13.10. GCC Chromium Market Forecast, By Grade 13.10.1. Chemical intermediary 13.10.2. Refractory and foundry 13.10.3. Metallurgical 13.11. GCC Chromium Market Forecast, By Applications 13.11.1. Non-ferrous alloy production 13.11.2. Stainless steel production 13.11.3. Alloyed steel production 13.11.4. Automotive production 13.11.5. Refractory additives 13.11.6. Chemical sector 13.11.7. Others 13.12. South Africa Chromium Market Forecast, By Grade 13.12.1. Chemical intermediary 13.12.2. Refractory and foundry 13.12.3. Metallurgical 13.13. South Africa Chromium Market Forecast, By Applications 13.13.1. Non-ferrous alloy production 13.13.2. Stainless steel production 13.13.3. Alloyed steel production 13.13.4. Automotive production 13.13.5. Refractory additives 13.13.6. Chemical sector 13.13.7. Others 13.14. Rest of Middle East & Africa Chromium Market Forecast, By Grade 13.14.1. Chemical intermediary 13.14.2. Refractory and foundry 13.14.3. Metallurgical 13.15. Rest of Middle East & Africa Chromium Market Forecast, By Applications 13.15.1. Non-ferrous alloy production 13.15.2. Stainless steel production 13.15.3. Alloyed steel production 13.15.4. Automotive production 13.15.5. Refractory additives 13.15.6. Chemical sector 13.15.7. Others 13.16. Middle East & Africa Chromium Market Attractiveness Analysis 13.16.1. By Grade 13.16.2. By Applications 13.17. PEST Analysis 13.18. Key Trend 13.19. Key Development 14. South America Chromium Market Analysis 14.1. Key Findings 14.2. South America Chromium Market Overview 14.3. South America Chromium Market Value Share Analysis, By Grade 14.4. South America Chromium Market Forecast, By Grade 14.4.1. Chemical intermediary 14.4.2. Refractory and foundry 14.4.3. Metallurgical 14.5. South America Chromium Market Value Share Analysis, By Applications 14.6. South America Chromium Market Forecast, By Applications 14.6.1. Non-ferrous alloy production 14.6.2. Stainless steel production 14.6.3. Alloyed steel production 14.6.4. Automotive production 14.6.5. Refractory additives 14.6.6. Chemical sector 14.6.7. Others 14.7. South America Chromium Market Value Share Analysis, by Country 14.8. South America Chromium Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. Brazil Chromium Market Forecast, By Grade 14.9.1. Chemical intermediary 14.9.2. Refractory and foundry 14.9.3. Metallurgical 14.10. Brazil Chromium Market Forecast, By Applications 14.10.1. Non-ferrous alloy production 14.10.2. Stainless steel production 14.10.3. Alloyed steel production 14.10.4. Automotive production 14.10.5. Refractory additives 14.10.6. Chemical sector 14.10.7. Others 14.11. Mexico Chromium Market Forecast, By Grade 14.11.1. Chemical intermediary 14.11.2. Refractory and foundry 14.11.3. Metallurgical 14.12. Mexico Chromium Market Forecast, By Applications 14.12.1. Non-ferrous alloy production 14.12.2. Stainless steel production 14.12.3. Alloyed steel production 14.12.4. Automotive production 14.12.5. Refractory additives 14.12.6. Chemical sector 14.12.7. Others 14.13. Rest of South America Chromium Market Forecast, By Grade 14.13.1. Chemical intermediary 14.13.2. Refractory and foundry 14.13.3. Metallurgical 14.14. Rest of South America Chromium Market Forecast, By Applications 14.14.1. Non-ferrous alloy production 14.14.2. Stainless steel production 14.14.3. Alloyed steel production 14.14.4. Automotive production 14.14.5. Refractory additives 14.14.6. Chemical sector 14.14.7. Others 14.15. South America Chromium Market Attractiveness Analysis 14.15.1. By Grade 14.15.2. By Applications 14.16. PEST Analysis 14.17. Key Trend 14.18. Key Development 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.4. M&A by Regions, Investment and Applications 15.2.5. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. Al Tamman Indsil FerroChrome LLC 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Company Footprint 15.3.2. Eurasian Natural Resource Corporation 15.3.3. Assmang Proprietary Limited 15.3.4. Hernic Ferrochrome (Pty) Ltd 15.3.5. Odisha Mining Corporation 15.3.6. International Ferro Metals 15.3.7. Odisha Mining Corporation 15.3.8. Gulf Mining Group LLC 15.3.9. Williams and Company 15.3.10. Hernic Ferrochrome Ltd 15.3.11. Gulf Mining Group 15.3.12. Samancor Chrome 15.3.13. Kermas Group Ltd 15.3.14. Glencore PLC 15.3.15. Glencore Plc 15.3.16. POLEMA JSC 15.3.17. CVK Group 15.3.18. Ferbasa 15.3.19. Hickman 16.Primary Key Insights

About This Report

Report ID55583
Category Material & Chemical
Published DateApril 2020
No of Pages198
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