Chromium Market PPT: Demand, Trends and Business Opportunities 2023-28

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Global Chromium Market Research and Forecast
Report 2023-2028




Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
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About IMARC Group
Report Description
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Report Description and Highlights
Report Description
Global Chromium Market Research Report The
latest report by IMARC, titled Chromium Market
Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2023-2028 the global
chromium market size reached US 14.9 Billion in
2022. Chromium (Cr) is a naturally occurring
element found in rocks, plants, animals, and
soils. It is characterized by its hard and
brittle nature, silvery-gray color and excellent
corrosion resistance and high thermal stability.
Additionally, chromium is alloyed with other
metals to create high-strength components used in
various industries such as aerospace, electrical
and electronics, and automotive. Chromium is most
commonly used to manufacture stainless steel and
plate numerous metals, including aluminum and
brass, to offer them more corrosion-resistance
and to enhance their appearance. Chromium and
chromium compounds are also an essential part of
various industrial processes, such as
electroplating, leather tanning, and wood
preservation. In addition to this, chromium is
also a rich nutrient source that is involved in
glucose metabolism and insulin signaling, and as
a result is extensively utilized in the
pharmaceutical industry. Request Free Sample
Report https//www.imarcgroup.com/chromium-market
/requestsample
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Report Description and Highlights
Report Description

Global Chromium Market Trends The global market
is majorly driven by the rapid product
utilization in large-scale stainless steel
manufacturing. This can be attributed to the
considerable growth in numerous end-use
industries requiring stainless steel such as
construction, automotive, and manufacturing
industries. In line with this, the growing
adoption of chromium for the production of
superalloys for aircraft components is resulting
in a higher product uptake across the aerospace
industry. Moreover, continual technological
advancements in the chromium mining and
extraction methods making them more economical
are creating lucrative growth opportunities in
the market. Besides this, the rise in the sales
of passenger vehicles coupled with the rapid
expansion of automotive production facilities is
also acting as a significant growth-inducing
factor for the market. The market is further
fueled by the growing usage of chromium in the
pharmaceutical industry for manufacturing
medicines targeted towards diabetes and human
immunodeficiency virus (HIV). Apart from this,
strategic alliances, partnerships, and merger and
acquisitions (MAs) conducted by the leading
players to expand their product portfolio and
geographical presence is also creating a positive
market outlook. Considerable growth in the
metallurgy ad foundry operations is further
contributing to the growth of the market. Some of
the other factors providing an impetus to the
market include rapid industrialization, inflating
disposable income levels, increasing prevalence
of chronic diseases, and extensive research and
development (RD) activities. On account of the
aforementioned factors, the market is anticipated
to reach a value of US 17.8 Billion by 2028,
exhibiting a CAGR of 2.9 during
2023-2028. Looking forward, the market value is
projected to reach a strong growth during the
forecast period (2023-2028).
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Report Description and Highlights
Report Description
Market Summary Grade Insights Metall
urgy Refractory and Foundry Ch
emical Application Insights Alloyed St
eel Production Stainless Steel Productio
n Refractory Additives Non-Fer
rous Alloy Production Others Industry V
ertical Insights Chemical and Petrochem
ical Energy and Power Mining
Steel

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Report Description and Highlights
Report Description
Automotive Others Regional In
sights North America
United States Canada A
sia-Pacific China
Japan India
South Korea Australia
Indonesia Others
Europe Germany
France United Kingdom
Italy

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Report Description and Highlights
Report Description
Spain Russia
Others Latin America
Brazil Mexico
Others Middle East and A
frica

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Report Description and Highlights
Report Description

• Competitive Landscape with Key Players
• ACI Alloys
• Al Tamman Indsil FerroChrome L.L.C
  Belmont Metals Inc. Edgetech Industries LLC Eurasi
  an Resources Group Ferbasa Glencore plc Gulf Minin
  g Materials Company Odisha Mining Corporation Limi
  ted ProChem Inc. International RD Mathis Company S
  amancor Chrome Ltd.
• View Full Report with TOC List of Figure
  https//www.imarcgroup.com/chromium-market

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

2019 IMARC All Rights Reserved This
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