Market Overview:
The global chromium market reached a value of US$ 14.37 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 17.33 Billion by 2027, exhibiting a CAGR of 3.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Chromium is a hard, steel-grey metallic element found naturally in rocks, animals, plants, soil, and volcanic dust and gasses. It is also present in various food items, such as meat, fruits, vegetables, nuts, spices, beer, wine, brewer’s yeast, and grain products. As it has antioxidants and plays a vital role in carbohydrate, lipid, and protein metabolism, it is gaining traction in formulating dietary supplements worldwide. It is also utilized in electroplating, making alloys, manufacturing dyes and pigments, preserving leather and wood, and treating cooling tower water.
Chromium Market Trends:
Chromium is used in making stainless steel, which is widely utilized in manufacturing car exhaust systems and other auto parts, such as hose clamps, seatbelt springs, chassis, suspension, body, and fuel tank. This, in confluence with boosting sales of passenger vehicles on account of rapid urbanization, inflating income levels, and improving road infrastructure, represents one of the key factors impelling the market growth. Besides this, chromium is employed in the pharmaceutical industry for manufacturing medicines essential in improving blood sugar levels among people with prediabetes and type 1 and type 2 diabetes. Moreover, a significant rise in the number of individuals with high blood sugar due to excessive steroid intake and human immunodeficiency virus (HIV) prevalence is driving the demand for chromium-based medications around the world. This can also be accredited to the growing aging population, which is more likely to develop diabetes and other serious health conditions. Apart from this, due to the easy availability of chromium at affordable prices, its applications are expanding in drilling muds, textiles, and toner for copying machines, which is creating a favorable outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global chromium market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on grade, application and industry vertical.
Breakup by Grade:
- Metallurgy
- Refractory and Foundry
- Chemical
Breakup by Application:
- Alloyed Steel Production
- Stainless Steel Production
- Refractory Additives
- Non-Ferrous Alloy Production
- Others
Breakup by Industry Vertical:
- Chemical and Petrochemical
- Energy and Power
- Mining
- Steel
- Automotive
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ACI Alloys, Al Tamman Indsil FerroChrome L.L.C, Belmont Metals Inc., Edgetech Industries LLC, Eurasian Resources Group, Ferbasa, Glencore plc, Gulf Mining Materials Company, Odisha Mining Corporation Limited, ProChem Inc. International, RD Mathis Company and Samancor Chrome Ltd.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Grade, Application, Industry Vertical, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
ACI Alloys, Al Tamman Indsil FerroChrome L.L.C, Belmont Metals Inc., Edgetech Industries LLC, Eurasian Resources Group, Ferbasa, Glencore plc, Gulf Mining Materials Company, Odisha Mining Corporation Limited, ProChem Inc. International, RD Mathis Company and Samancor Chrome Ltd. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global chromium market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global chromium market?
- What are the key regional markets?
- What is the breakup of the market based on the grade?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the industry vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global chromium market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Chromium Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Grade
6.1 Metallurgy
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Refractory and Foundry
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Chemical
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Alloyed Steel Production
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Stainless Steel Production
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Refractory Additives
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Non-Ferrous Alloy Production
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Industry Vertical
8.1 Chemical and Petrochemical
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Energy and Power
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Mining
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Steel
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Automotive
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ACI Alloys
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Al Tamman Indsil FerroChrome L.L.C
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Belmont Metals Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Edgetech Industries LLC
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Eurasian Resources Group
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Ferbasa
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Glencore plc
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Gulf Mining Materials Company
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Odisha Mining Corporation Limited
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 ProChem Inc. International
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 RD Mathis Company
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Samancor Chrome Ltd
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Chromium Market: Major Drivers and Challenges
Figure 2: Global: Chromium Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Chromium Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Chromium Market: Breakup by Grade (in %), 2021
Figure 5: Global: Chromium Market: Breakup by Application (in %), 2021
Figure 6: Global: Chromium Market: Breakup by Industry Vertical (in %), 2021
Figure 7: Global: Chromium Market: Breakup by Region (in %), 2021
Figure 8: Global: Chromium (Metallurgy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Chromium (Metallurgy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Chromium (Refractory and Foundry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Chromium (Refractory and Foundry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Chromium (Chemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Chromium (Chemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Chromium (Alloyed Steel Production) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Chromium (Alloyed Steel Production) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Chromium (Stainless Steel Production) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Chromium (Stainless Steel Production) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Chromium (Refractory Additives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Chromium (Refractory Additives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Chromium (Non-Ferrous Alloy Production) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Chromium (Non-Ferrous Alloy Production) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Chromium (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Chromium (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Chromium (Chemical and Petrochemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Chromium (Chemical and Petrochemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Chromium (Energy and Power) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Chromium (Energy and Power) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Chromium (Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Chromium (Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Chromium (Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Chromium (Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Chromium (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Chromium (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Chromium (Other Industry Vertical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Chromium (Other Industry Vertical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Chromium Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Chromium Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Chromium Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Global: Chromium Industry: SWOT Analysis
Figure 86: Global: Chromium Industry: Value Chain Analysis
Figure 87: Global: Chromium Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Chromium Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Chromium Market Forecast: Breakup by Grade (in Million US$), 2022-2027
Table 3: Global: Chromium Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Chromium Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 5: Global: Chromium Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Chromium Market: Competitive Structure
Table 7: Global: Chromium Market: Key Players