Chromium Market By Application - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 180 Category: Advanced Materials Report Code : CM06858
Industry Outlook and Trend Analysis
The Chromium Market has encountered magnificent growth in the recent years and is anticipated to grow tremendously in the following years. Expanding request from the stainless steel industry for different end-use markets, for example, aerospace, marine, electronics, automotive, building and construction and defence is anticipated to be the key development factor. Furthermore, significant request from Asia Pacific is foreseen to fuel the market over the conjecture time frame. China was the biggest consumer of the product as it is one of the biggest makers of stainless steel and other specialty steel products. Chromium is a fundamental alloying component in the detailing of stainless steel. Along these lines, expanded interest for stainless steel is a significant driver impelling interest in the worldwide market.
Application Outlook and Trend Analysis
Metallurgy was the biggest application portion in 2017 and the pattern is expected to proceed over the estimate time frame. Stainless steel and high protection steel makers are significant purchasers in the metallurgy portion. Chromium is used as a part of the type of metals, ferroalloys, and v of stainless steel in metallurgical applications. It is an imperative alloy component used as a part of the production of high quality steel because of its phenomenal mechanical, high oxidative, high hardness, and corrosion protection properties.
Regional Outlook and Trend Analysis
Asia Pacific was the biggest market in 2017, representing 49.6% of the worldwide income. The regional market is expected to offer various opportunities over the estimate time frame. Existence of major stainless steel producing units in nations, for example, China, India, and Japan is contributing toward expanded interest for chromium in the district. Also, India is a significant chromium mineral maker and exporter, while China is a crucial importer in the worldwide market. These elements are foreseen to additionally boost demand over the gauge time frame.
Competitive Insights
The leading players in the market are Eurasian Natural Resources Corporation, Al Tamman Indsil Ferrochrome LLC, Gulf Mining Group LLC, Assmang Proprietary Limited, Glencore, Odisha Mining Corporation, Hernic Morula Mine, Kermas Group and Samancor Chrome Limited. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Chromium Market is segmented as follows-
By Application:
- Chemicals
- Metallurgy
- Refractory
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Chromium Market, By Application, Estimates and Forecast, 2014-2023($Million)
· Metallurgy
· Chemicals
· Refractory
· Other Applications
· Chromium Market, By Region, Estimates and Forecast, 2014-2023($Million)
o North America
§ North America Chromium Market, By Country
o U.S. Chromium Market
o Canada Chromium Market
o Mexico Chromium Market
o Europe
§ Europe Chromium Market, By Country
o Germany Chromium Market
o UK Chromium Market
o France Chromium Market
o Russia Chromium Market
o Italy Chromium Market
o Rest of Europe Chromium Market
o Asia-Pacific
§ Asia-Pacific Chromium Market, By Country
o China Chromium Market
o Japan Chromium Market
o South Korea Chromium Market
o India Chromium Market
o Southeast Asia Chromium Market
o Rest of Asia-Pacific Chromium Market
o South America
§ South America Chromium Market
o Brazil Chromium Market
o Argentina Chromium Market
o Columbia Chromium Market
o South Africa Chromium Market
o Rest of South America Chromium Market
o Middle East and Africa
§ Middle East and Africa Chromium Market
o Saudi Arabia Chromium Market
o UAE Chromium Market
o Egypt Chromium Market
o Nigeria Chromium Market
o South Africa Chromium Market
o Rest of MEA Chromium Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Increasing Demand from Asia Pacific
3.2.1.2. Superior Corrosion Resistance Properties
3.2.2. Restraints
3.2.2.1. Carcinogenic Properties of Chromium
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Chromium Market, By Application
5.1. Introduction
5.2. Global Chromium Sales, Revenue and Market Share by Application (2017-2017)
5.2.1. Global Chromium Sales and Sales Share by Application (2017-2017)
5.2.2. Global Chromium Revenue and Revenue Share by Application (2017-2017)
5.3. Chromium Market Assessment and Forecast, By Application, 2017-2023
5.4. Metallurgy
5.4.1. Global Metallurgy Sales and Growth Rate (2017-2027)
5.5. Chemicals
5.5.1. Global Chemicals Sales and Growth Rate (2017-2027)
5.6. Refractory
5.6.1. Global Refractory Sales and Growth Rate (2017-2027)
5.7. Other Applications
5.7.1. Global Other Applications Sales and Growth Rate (2017-2027)
6. Chromium Market, By Region
6.1. Introduction
6.2. Global Chromium Sales, Revenue and Market Share by Regions
6.2.1. Global Chromium Sales by Regions (2017-2027)
6.2.2. Global Chromium Revenue by Regions (2017-2027)
6.3. North America Chromium by Countries
6.3.1. North America Chromium Sales and Growth Rate (2017-2027)
6.3.2. North America Chromium Revenue and Growth Rate (2017-2027)
6.3.3. North America Chromium Sales by Countries (2017-2027)
6.3.4. North America Chromium Revenue (Million USD) by Countries (2017-2027)
6.3.5. U.S.
6.3.5.1. United States Chromium Sales and Growth Rate (2017-2027)
6.3.5.2. United States Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.3.6. Canada
6.3.6.1. Canada Chromium Sales and Growth Rate (2017-2027)
6.3.6.2. Canada Chromium Sales (Millions USD) and Growth Rate (2017-2027)
6.3.7. Mexico
6.3.7.1. Mexico Chromium Sales and Growth Rate (2017-2027)
6.3.7.2. Mexico Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.4. Europe Chromium by Countries
6.4.1. Europe Chromium Sales and Growth Rate (2017-2027)
6.4.2. Europe Chromium Revenue and Growth Rate (2017-2027)
6.4.3. Europe Chromium Sales by Countries (2017-2027)
6.4.4. Europe Chromium Revenue (Million USD) by Countries (2017-2027)
6.4.5. Germany
6.4.5.1. Germany Chromium Sales and Growth Rate (2017-2027)
6.4.5.2. Germany Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.6. UK
6.4.6.1. UK Chromium Sales and Growth Rate (2017-2027)
6.4.6.2. UK Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.7. France
6.4.7.1. France Chromium Sales and Growth Rate (2017-2027)
6.4.7.2. France Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.8. Russia
6.4.8.1. Russia Chromium Sales and Growth Rate (2017-2027)
6.4.8.2. Russia Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.9. Italy
6.4.9.1. Italy Chromium Sales and Growth Rate (2017-2027)
6.4.9.2. Italy Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.10. Rest of Europe
6.4.10.1. Rest of Europe Chromium Sales and Growth Rate (2017-2027)
6.4.10.2. Rest of Europe Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.5. Asia-Pacific
6.5.1. Asia-Pacific Chromium Sales and Growth Rate (2017-2027)
6.5.2. Asia-Pacific Chromium Revenue and Growth Rate (2017-2027)
6.5.3. Asia-Pacific Chromium Sales by Countries (2017-2027)
6.5.4. Asia-Pacific Chromium Revenue (Million USD) by Countries (2017-2027)
6.5.5. China
6.5.5.1. China Chromium Sales and Growth Rate (2017-2027)
6.5.5.2. China Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.6. Japan
6.5.6.1. Japan Chromium Sales and Growth Rate (2017-2027)
6.5.6.2. Japan Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.6.3.
6.5.7. Korea
6.5.7.1. Korea Chromium Sales and Growth Rate (2017-2027)
6.5.7.2. Korea Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.8. India
6.5.8.1. India Chromium Sales and Growth Rate (2017-2027)
6.5.8.2. India Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.9. Southeast Asia
6.5.9.1. Southeast Asia Chromium Sales and Growth Rate (2017-2027)
6.5.9.2. Southeast Asia Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.10. Rest of Asia-Pacific
6.5.10.1. Rest of Asia-Pacific Chromium Sales and Growth Rate (2017-2027)
6.5.10.2. Rest of Asia-Pacific Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.6. South America
6.6.1. South America Chromium Sales and Growth Rate (2017-2027)
6.6.2. South America Chromium Revenue and Growth Rate (2017-2027)
6.6.3. South America Chromium Sales by Countries (2017-2027)
6.6.4. South America Chromium Revenue (Million USD) by Countries (2017-2027)
6.6.5. Brazil
6.6.5.1. Brazil Chromium Sales and Growth Rate (2017-2027)
6.6.5.2. Brazil Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.6.6. Argentina
6.6.6.1. Argentina Chromium Sales and Growth Rate (2017-2027)
6.6.6.2. Argentina Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.6.7. Columbia
6.6.7.1. Columbia Chromium Sales and Growth Rate (2017-2027)
6.6.7.2. Columbia Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.6.8. Rest of South America
6.6.8.1. Rest of South America Chromium Sales and Growth Rate (2017-2027)
6.6.8.2. Rest of South America Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.7. Middle East and Africa
6.7.1. Middle East and Africa Chromium Sales and Growth Rate (2017-2027)
6.7.2. Middle East and Africa Chromium Revenue and Growth Rate (2017-2027)
6.7.3. Middle East and Africa Chromium Sales by Countries (2017-2027)
6.7.4. Middle East and Africa Chromium Revenue (Million USD) by Countries (2017-2027)
6.7.5. Saudi Arabia
6.7.5.1. Saudi Arabia Chromium Sales and Growth Rate (2017-2027)
6.7.5.2. Saudi Arabia Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.6. United Arab Emirates
6.7.6.1. United Arab Emirates Chromium Sales and Growth Rate (2017-2027)
6.7.6.2. United Arab Emirates Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.7. Egypt
6.7.7.1. Egypt Chromium Sales and Growth Rate (2017-2027)
6.7.7.2. Egypt Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.8. Nigeria
6.7.8.1. Nigeria Chromium Sales and Growth Rate (2017-2027)
6.7.8.2. Nigeria Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.9. South Africa
6.7.9.1. South Africa Chromium Sales and Growth Rate (2017-2027)
6.7.9.2. South Africa Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.10. Rest of Middle East and Africa
6.7.10.1. Rest of Middle East and Africa Chromium Sales and Growth Rate (2017-2027)
6.7.10.2. Rest of Middle East and Africa Chromium Revenue (Millions USD) and Growth Rate (2017-2027)
7. Company Profiles
7.1. Kermas Group Ltd.
7.1.1. Business Overview
7.1.2. Application Portfolio
7.1.3. Strategic Developments
7.1.4. Sales, Revenue and Market Share
7.2. Glencore PLC
7.2.1. Business Overview
7.2.2. Application Portfolio
7.2.3. Strategic Developments
7.2.4. Sales, Revenue and Market Share
7.3. Samancor Chrome
7.3.1. Business Overview
7.3.2. Application Portfolio
7.3.3. Strategic Developments
7.3.4. Sales, Revenue and Market Share
7.4. Assmang Proprietary Limited
7.4.1. Business Overview
7.4.2. Application Portfolio
7.4.3. Strategic Developments
7.4.4. Sales, Revenue and Market Share
7.5. Odisha Mining Corporation
7.5.1. Business Overview
7.5.2. Application Portfolio
7.5.3. Strategic Developments
7.5.4. Sales, Revenue and Market Share
7.6. Hernic Ferrochrome (Pty) Ltd.
7.6.1. Business Overview
7.6.2. Application Portfolio
7.6.3. Strategic Developments
7.6.4. Sales, Revenue and Market Share
7.7. CVK Group
7.7.1. Business Overview
7.7.2. Application Portfolio
7.7.3. Strategic Developments
7.7.4. Sales, Revenue and Market Share
7.8. Al Tamman Indsil FerroChrome LLC
7.8.1. Business Overview
7.8.2. Application Portfolio
7.8.3. Strategic Developments
7.8.4. Sales, Revenue and Market Share
7.9. Gulf Mining Group LLC
7.9.1. Business Overview
7.9.2. Application Portfolio
7.9.3. Strategic Developments
7.9.4. Sales, Revenue and Market Share
7.10. MVC Holdings LLC
7.10.1. Business Overview
7.10.2. Application Portfolio
7.10.3. Strategic Developments
7.10.4. Sales, Revenue and Market Share
8. Global Chromium Market Competition, by Manufacturer
8.1. Global Chromium Sales and Market Share by Manufacturer (2017-2017)
8.2. Global Chromium Revenue and Market Share by Manufacturer (2017-2017)
8.3. Global Chromium Price by Manufacturer (2017-2017)
8.4. Top 5 Chromium Manufacturer Market Share
8.5. Market Competition Trend
9. Chromium Market Forecast (2027-2023)
9.1. Global Chromium Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
9.2. Chromium Market Forecast by Regions (2027-2023)
9.2.1. North America Chromium Market Forecast (2027-2023)
9.2.1.1. United States Chromium Market Forecast (2027-2023)
9.2.1.2. Canada Chromium Market Forecast (2027-2023)
9.2.1.3. Mexico Chromium Market Forecast (2027-2023)
9.2.2. Europe Chromium Market Forecast (2027-2023)
9.2.2.1. Germany Chromium Market Forecast (2027-2023)
9.2.2.2. United Kingdom Chromium Market Forecast (2027-2023)
9.2.2.3. France Chromium Market Forecast (2027-2023)
9.2.2.4. Russia Chromium Market Forecast (2027-2023)
9.2.2.5. Italy Chromium Market Forecast (2027-2023)
9.2.2.6. Rest of the Europe Chromium Market Forecast (2027-2023)
9.2.3. Asia-Pacific Chromium Market Forecast (2027-2023)
9.2.3.1. China Chromium Market Forecast (2027-2023)
9.2.3.2. Japan Chromium Market Forecast (2027-2023)
9.2.3.3. Korea Chromium Market Forecast (2027-2023)
9.2.3.4. India Chromium Market Forecast (2027-2023)
9.2.3.5. Southeast Asia Chromium Market Forecast (2027-2023)
9.2.3.6. Rest of Asia-Pacific Chromium Market Forecast (2027-2023)
9.2.4. South America Chromium Market Forecast (2027-2023)
9.2.4.1. Brazil Chromium Market Forecast (2027-2023)
9.2.4.2. Argentina Chromium Market Forecast (2027-2023)
9.2.4.3. Columbia Chromium Market Forecast (2027-2023)
9.2.4.4. Rest of South America Chromium Market Forecast (2027-2023)
9.2.5. Middle East and Africa Chromium Market Forecast (2027-2023)
9.2.5.1. Saudi Arabia Chromium Market Forecast (2027-2023)
9.2.5.2. UAE Chromium Market Forecast (2027-2023)
9.2.5.3. Egypt Chromium Market Forecast (2027-2023)
9.2.5.4. Nigeria Chromium Market Forecast (2027-2023)
9.2.5.5. South Africa Chromium Market Forecast (2027-2023)
9.2.5.6. Rest of MEA Chromium Market Forecast (2027-2023)
9.3. Chromium Market Forecast by Application (2027-2023)
9.3.1. Global Chromium Sales Forecast by Application (2027-2023)
9.3.2. Global Chromium Sales Market Share Forecast by Application (2027-2023)
List of Tables and Figures
*You can glance through the list of Tables and Figures when you view the sample copy of Chromium Market.
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Chromium Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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