According to a market report by Lucintel, the future of the global chromium market looks promising with opportunities in the metallurgy, chemicals, and refractory markets. The global chromium market is expected to reach an estimated $28.2 billion by 2030 from $20.8 billion in 2023, at a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are growing demand from the stainless steel sector for a range of end-use industries, including building & construction, aerospace, military, and maritime and increase in the automobile industry need for both ornamental and functional plating.
A more than 150-page report to understand trends, opportunity and forecast in chromium market to 2030 by material (ferrochromium, chromium chemicals, chromium metals, and others), application (metallurgy, chemicals, refractory, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that ferrochromium will remain the largest segment over the forecast period due to expansion of the industrial sector, an increase in building activity, and a rise in the production of stainless steel worldwide.
Within this market, metallurgy will remain the largest segment due to its superior mechanical, strong oxidative, hardness, and resistance to corrosion qualities.
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APAC will remain the largest region over the forecast period due to high demand arising from application industries and fast industrialization in emerging nations like China and India.
Glencore, Samancor Chrome, Assmang Proprietary, Odisha Mining, Hernic Ferrochrome, CVK, Al Tamman Indsil FerroChrome are the major suppliers in the chromium market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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