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By 2031's end, the chromium oxide market is expected to have grown at a robust CAGR of 8.13%, reaching USD 353,564.45 thousand.
Among the several oxides of chromium, the inorganic substance known as chromium oxide (Cr2O3) stands out. Eskolaite, a rare mineral, is a naturally occurring form of it. Because it is so resistant to chemicals, wear, abrasion, and corrosion, it is used in coatings. The chromium oxide pigments' remarkable heat and dispersibility stability, as well as their weather resistance, concealing power, and batch-to-batch consistency, make them useful in many different contexts.
One of the major markets for chromium oxide is the paints and coatings sector. Chromium oxide pigments found in this industry's products find their way into many different types of coatings, from industrial to automotive to exterior to product finishes. Because of its anti-reflectivity, high chemical resistance, great abrasion resistance, and good wear resistance, chromium oxide coatings are in high demand in a variety of applications, including orthopedic implants.
Factors such as the increasing demand for pigments and coatings are anticipated to propel the worldwide chromium oxide market. Because of its strong and stable color, chromium oxide is a pigment that is commonly used in paints and inks. Because it inhibits the growth of barnacles and other marine organisms on ship hulls, chromium oxide is frequently utilized as an antifouling agent in marine paints. You can find chromium oxide in polishing compounds and grinding wheels as an abrasive. Revenue growth in the chromium oxide market is anticipated to be driven by the rapidly expanding worldwide construction industry and the rising demand for chromium oxide in the manufacturing of different construction-related goods, including pigments in paints and coatings.
Environmental worries over chromium oxide production are on the rise, and there are plenty of viable alternatives, both of which are limiting the market's potential for revenue development. In addition to being a proven human carcinogen, chromium oxide can irritate the skin, lead to ulcers, and aggravate respiratory issues. Environmentalists agree that chromium compounds are bad for the planet. Governments around the world have enacted strict environmental restrictions, which should reduce chromium oxide consumption. Competition from similar products, such as zinc oxide and titanium dioxide, is likely to slow the expansion of the chromium oxide market.
Analyzing the worldwide market trends for chromium oxide, the "Global Chromium Oxide Market Analysis to 2028" delves deeply into the chemical and materials sector. With extensive market segmentation by type, application, and geography, this study intends to offer an overview of the chromium oxide market. It is anticipated that the global market for chromium oxide would experience significant expansion throughout the projected timeframe. Key statistics on the market status of the top companies in the chromium oxide industry are presented in the study, along with important market trends and opportunities.
In tremolite skarns, chlorite veins, and metaquartzite, chromium oxide is found naturally as the mineral eskolaite. Another uncommon component of chondrite meteorites is eskolayite. Mining operations have been affected by the global closure, which has put a damper on market expansion. The government is expected to impose strict regulations on raw material production and the shutdown of industrial plants, which will likely limit market growth.
As a result of its effects on the building and manufacturing industries, COVID-19 has shown the paints and coatings business numerous obstacles. Businesses utilizing paints and coatings have seen a slowdown as a consequence of the pandemic's impact on major economies. Although the specific legal ramifications differ by jurisdiction and contract, the COVID-19 epidemic has had far-reaching detrimental effects on the building industry. A number of supply chains have been impacted by the COVID-19 epidemic, which is reducing the expansion of the construction industry. In addition, several regional administrations have issued shutdown orders for construction companies. The closure of numerous residential and non-residential construction projects was inevitable. Due to supply chain delays, cash flow problems, and production halt, most housing projects are predicted to stay unfinished, which poses significant obstacles for ceramic producers and the building sector overall.
The compound's extensive usage as a pigment in a wide range of products—including paints & coatings, ceramics, glass products, plastics, rubber, and cosmetics—presents a promising opportunity for the market to expand in response to rising worldwide demand from this sector. Paint and coatings will see rising demand from industries like construction, transportation, aerospace, consumer durables, and equipment production. In addition, the product's paints and coatings market is anticipated to be driven by the increasing growth of infrastructures in the Asia Pacific region. Furthermore, there would be a chance for market expansion due to the expanding residential activities. Glass, ceramics, and plastics all make use of chromium oxide as a pigment, with various concentrations resulting in a wide range of color intensities. Opportunities will arise in the industry as a result of the growing demand and usage of products made of glass, ceramic, and plastic.
Report Coverage
Global Chromium Oxide research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Chromium Oxide report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Chromium Oxide competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Chromium Oxide market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Chromium Oxide market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Chromium Oxide market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
LANXESS (Germany), Venator Materials PLC (UK), Saint-Gobain (France), Elementis plc (UK), American Elements (US), Reade International Corp (US), Vishnu Chemicals (India), Hubei Zhenhua Chemical Co., Ltd (China), Chrome Star Chemical Works (India), and Hunter Chemical LLC (US), among others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Chromium Oxide market based on the below-mentioned segments:
Global Chromium Oxide Market, By Grade
Pigment Grade
Metallurgical Grade
Refractory Grade
Global Chromium Oxide market, By Application
Metallurgy
Paints & Coatings
Glasses
Ceramics
Inks & Dyes
Bricks & Concrete
Others
Global Chromium Oxide Market, By End User
Paints & coatings
Construction
Electronics
Aerospace
Others
Global Chromium Oxide market, Regional Analysis
Among the several oxides of chromium, the inorganic substance known as chromium oxide (Cr2O3) stands out. Eskolaite, a rare mineral, is a naturally occurring form of it. Because it is so resistant to chemicals, wear, abrasion, and corrosion, it is used in coatings. The chromium oxide pigments' remarkable heat and dispersibility stability, as well as their weather resistance, concealing power, and batch-to-batch consistency, make them useful in many different contexts.
One of the major markets for chromium oxide is the paints and coatings sector. Chromium oxide pigments found in this industry's products find their way into many different types of coatings, from industrial to automotive to exterior to product finishes. Because of its anti-reflectivity, high chemical resistance, great abrasion resistance, and good wear resistance, chromium oxide coatings are in high demand in a variety of applications, including orthopedic implants.
Factors such as the increasing demand for pigments and coatings are anticipated to propel the worldwide chromium oxide market. Because of its strong and stable color, chromium oxide is a pigment that is commonly used in paints and inks. Because it inhibits the growth of barnacles and other marine organisms on ship hulls, chromium oxide is frequently utilized as an antifouling agent in marine paints. You can find chromium oxide in polishing compounds and grinding wheels as an abrasive. Revenue growth in the chromium oxide market is anticipated to be driven by the rapidly expanding worldwide construction industry and the rising demand for chromium oxide in the manufacturing of different construction-related goods, including pigments in paints and coatings.
Environmental worries over chromium oxide production are on the rise, and there are plenty of viable alternatives, both of which are limiting the market's potential for revenue development. In addition to being a proven human carcinogen, chromium oxide can irritate the skin, lead to ulcers, and aggravate respiratory issues. Environmentalists agree that chromium compounds are bad for the planet. Governments around the world have enacted strict environmental restrictions, which should reduce chromium oxide consumption. Competition from similar products, such as zinc oxide and titanium dioxide, is likely to slow the expansion of the chromium oxide market.
Analyzing the worldwide market trends for chromium oxide, the "Global Chromium Oxide Market Analysis to 2028" delves deeply into the chemical and materials sector. With extensive market segmentation by type, application, and geography, this study intends to offer an overview of the chromium oxide market. It is anticipated that the global market for chromium oxide would experience significant expansion throughout the projected timeframe. Key statistics on the market status of the top companies in the chromium oxide industry are presented in the study, along with important market trends and opportunities.
In tremolite skarns, chlorite veins, and metaquartzite, chromium oxide is found naturally as the mineral eskolaite. Another uncommon component of chondrite meteorites is eskolayite. Mining operations have been affected by the global closure, which has put a damper on market expansion. The government is expected to impose strict regulations on raw material production and the shutdown of industrial plants, which will likely limit market growth.
As a result of its effects on the building and manufacturing industries, COVID-19 has shown the paints and coatings business numerous obstacles. Businesses utilizing paints and coatings have seen a slowdown as a consequence of the pandemic's impact on major economies. Although the specific legal ramifications differ by jurisdiction and contract, the COVID-19 epidemic has had far-reaching detrimental effects on the building industry. A number of supply chains have been impacted by the COVID-19 epidemic, which is reducing the expansion of the construction industry. In addition, several regional administrations have issued shutdown orders for construction companies. The closure of numerous residential and non-residential construction projects was inevitable. Due to supply chain delays, cash flow problems, and production halt, most housing projects are predicted to stay unfinished, which poses significant obstacles for ceramic producers and the building sector overall.
The compound's extensive usage as a pigment in a wide range of products—including paints & coatings, ceramics, glass products, plastics, rubber, and cosmetics—presents a promising opportunity for the market to expand in response to rising worldwide demand from this sector. Paint and coatings will see rising demand from industries like construction, transportation, aerospace, consumer durables, and equipment production. In addition, the product's paints and coatings market is anticipated to be driven by the increasing growth of infrastructures in the Asia Pacific region. Furthermore, there would be a chance for market expansion due to the expanding residential activities. Glass, ceramics, and plastics all make use of chromium oxide as a pigment, with various concentrations resulting in a wide range of color intensities. Opportunities will arise in the industry as a result of the growing demand and usage of products made of glass, ceramic, and plastic.
Report Coverage
Global Chromium Oxide research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Chromium Oxide report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Chromium Oxide competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Chromium Oxide market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | LANXESS (Germany), Venator Materials PLC (UK), Saint-Gobain (France), Elementis plc (UK), American Elements (US), Reade International Corp (US), Vishnu Chemicals (India), Hubei Zhenhua Chemical Co., Ltd (China), Chrome Star Chemical Works (India), and Hunter Chemical LLC (US), among others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Chromium Oxide Market from 2021 to 2031.
- Market Forecast for Chromium Oxide Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Chromium Oxide competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Chromium Oxide
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Chromium Oxide market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Chromium Oxide market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
LANXESS (Germany), Venator Materials PLC (UK), Saint-Gobain (France), Elementis plc (UK), American Elements (US), Reade International Corp (US), Vishnu Chemicals (India), Hubei Zhenhua Chemical Co., Ltd (China), Chrome Star Chemical Works (India), and Hunter Chemical LLC (US), among others.
Primary Target Market
- Market Players of Chromium Oxide
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Chromium Oxide market based on the below-mentioned segments:
Global Chromium Oxide Market, By Grade
Pigment Grade
Metallurgical Grade
Refractory Grade
Global Chromium Oxide market, By Application
Metallurgy
Paints & Coatings
Glasses
Ceramics
Inks & Dyes
Bricks & Concrete
Others
Global Chromium Oxide Market, By End User
Paints & coatings
Construction
Electronics
Aerospace
Others
Global Chromium Oxide market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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