Chromium Market Size, Share & Trends Analysis Report By Material (Ferrochromium, Chromium Chemicals, Chromium Metals, Others), By Application (Metallurgy, Chemicals, Refractory, Others), By Region, And Segment Forecasts, 2023

The global chromium market size is expected to reach USD 33.09 billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Increasing demand from the stainless steel industry has been a key factor driving market growth globally. Robust growth of various end-use industries in Asia Pacific is fueling stainless steel demand and, in turn, demand for chromium.

Chromium finds extensive application across segments such as chrome plating and finishing, in production of synthetic rubies, metal ceramics, dyes and paints, and in various super alloys. It is also used in metallurgy to render a shiny finish and impart corrosion resistance.

Asia Pacific is witnessing increased demand for chromium due to booming manufacturing in automotive and electronics industries in the region. China and India are key contributors in these industries. Strong GDP growth rate, increasing income, and government support are driving automotive production in these countries. Moreover, stronger demand has been observed from lower-tier cities in these countries owing to decline in automobile prices.

Rising number of buyers on account of the unique properties exhibited by chromium, such as corrosion resistance and shiny texture, has led to low bargaining power of buyers. Growing demand for chromium in metal finishing and plating industry in Asia Pacific is expected to drive the market. However, the carcinogenic properties of chromium may lead to severe health effects, thereby hampering market growth.

Chromium Market Report Highlights:

The chromium market is expected to grow significantly over the forecast period owing to the rising production levels of stainless steel-related products.
Metallurgy segment held the largest revenue share of 92.4% in 2022. Stainless steel and high-resistance steel manufacturers are major consumers in the metallurgy segment. Chromium is used in the form of ferroalloys, metals, and scrapes of stainless steel in metallurgical applications.
The chemicals segment is anticipated to register a CAGR of 4.6% over the forecast period.
Asia Pacific dominated the market with a share of 50.7% in 2022. The production of stainless steel is increasing at a rapid rate on account of huge demand arising from application industries such as automotive, aerospace, defense, electronics, and building & construction.

Product Code: GVR-2-68038-305-8

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
- 1.1.1. Material
- 1.1.2. Application
- 1.1.3. Regional scope
- 1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
- 2.2.1. Material outlook
- 2.2.2. Application outlook
- 2.2.3. Regional outlook
2.3. Competitive Insights

Chapter 3. Chromium Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
3.6. Chromium Market Analysis Tools
- 3.6.1. Industry Analysis - Porter's
  - 3.6.1.1. Supplier power
  - 3.6.1.2. Buyer power
  - 3.6.1.3. Substitution threat
  - 3.6.1.4. Threat of new entrant
  - 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
  - 3.6.2.1. Political landscape
  - 3.6.2.2. Technological landscape
  - 3.6.2.3. Economic landscape
  - 3.6.2.4. Social landscape
  - 3.6.2.5. Environmental landscape
  - 3.6.2.6. Legal landscape

Chapter 4. Supplier Portfolio Analysis

4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies

Chapter 5. Chromium Market: Material Estimates & Trend Analysis

5.1. Chromium Market: Key Takeaways
5.2. Chromium Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Ferrochromium
- 5.3.1. Ferrochromium market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
5.4. Chromium Chemicals
- 5.4.1. Chromium chemicals market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
5.5. Chromium Metals
- 5.5.1. Chromium metals market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
5.6. Others
- 5.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)

Chapter 6. Chromium Market: Application Estimates & Trend Analysis

6.1. Chromium Market: Key Takeaways
6.2. Chromium Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Metallurgy
- 6.3.1. Metallurgy market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
6.4. Chemicals
- 6.4.1. Chemicals market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
6.5. Refractory
- 6.5.1. Refractory market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
6.6. Others
- 6.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)

Chapter 7. Chromium Market: Regional Estimates & Trend Analysis

7.1. Regional Outlook
7.2. Chromium Market by Region: Key Takeaway
7.3. North America
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.3.2. U.S.
  - 7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.3.3. Canada
  - 7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.3.4. Mexico
  - 7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
7.4. Europe
- 7.4.1. Germany
  - 7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.4.2. UK
  - 7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.4.3. France
  - 7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.4.4. Italy
  - 7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.4.5. Spain
  - 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.4.6. Russia
  - 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
7.5. Asia Pacific
- 7.5.1. Japan
  - 7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.5.2. China
  - 7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.5.3. India
  - 7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.5.4. Australia
  - 7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.5.5. South Korea
  - 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.5.6. Thailand
  - 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.5.7. Indonesia
  - 7.5.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.5.8. Malaysia
  - 7.5.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
7.6. Central & South America
- 7.6.1. Brazil
  - 7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
7.7. MEA
- 7.7.1. Saudi Arabia
  - 7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.7.2. South Africa
  - 7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)
- 7.7.3. UAE
  - 7.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million) (Volume, Kilo Tons)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
- 8.2.1. Glencore
  - 8.2.1.1. Company overview
  - 8.2.1.2. Financial performance
  - 8.2.1.3. Product benchmarking
  - 8.2.1.4. Strategic initiatives
- 8.2.2. Samancor Chrome
  - 8.2.2.1. Company overview
  - 8.2.2.2. Financial performance
  - 8.2.2.3. Product benchmarking
  - 8.2.2.4. Strategic initiatives
- 8.2.3. Assmang Proprietary Limited
  - 8.2.3.1. Company overview
  - 8.2.3.2. Financial performance
  - 8.2.3.3. Product benchmarking
  - 8.2.3.4. Strategic initiatives
- 8.2.4. Odisha Mining Corporation Ltd.
  - 8.2.4.1. Company overview
  - 8.2.4.2. Financial performance
  - 8.2.4.3. Product benchmarking
  - 8.2.4.4. Strategic initiatives
- 8.2.5. Hernic Ferrochrome (Pty) Ltd.
  - 8.2.5.1. Company overview
  - 8.2.5.2. Financial performance
  - 8.2.5.3. Product benchmarking
  - 8.2.5.4. Strategic initiatives
- 8.2.6. CVK Group
  - 8.2.6.1. Company overview
  - 8.2.6.2. Financial performance
  - 8.2.6.3. Product benchmarking
  - 8.2.6.4. Strategic initiatives
- 8.2.7. Al Tamman Indsil FerroChrome L.L.C
  - 8.2.7.1. Company overview
  - 8.2.7.2. Financial performance
  - 8.2.7.3. Product benchmarking
  - 8.2.7.4. Strategic initiatives
- 8.2.8. Gulf Mining Group LLC
  - 8.2.8.1. Company overview
  - 8.2.8.2. Financial performance
  - 8.2.8.3. Product benchmarking
  - 8.2.8.4. Strategic initiatives
- 8.2.9. MVC Holdings LLC
  - 8.2.9.1. Company overview
  - 8.2.9.2. Financial performance
  - 8.2.9.3. Product benchmarking
  - 8.2.9.4. Strategic initiatives

Product Code: GVR-2-68038-305-8

List of Tables

Table 1 List of Abbreviation
Table 2 North America chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 3 North America chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 4 North America chromium market, by region, 2018 - 2030 (USD Million, Kilo Tons)
Table 5 U.S. chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 6 U.S. chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 7 Canada chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 8 Canada chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 9 Mexico chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 10 Mexico chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 11 Europe chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 12 Europe chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 13 Europe chromium market, by region, 2018 - 2030 (USD Million, Kilo Tons)
Table 14 Germany chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 15 Germany chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 16 UK chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 17 UK chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 18 France chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 19 France chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 20 Italy chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 21 Italy chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 22 Spain chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 23 Spain chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 24 Russia chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 25 Russia chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 26 Asia Pacific chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 27 Asia Pacific chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 28 Asia Pacific chromium market, by region, 2018 - 2030 (USD Million, Kilo Tons)
Table 29 China chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 30 China chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 31 Japan chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 32 Japan chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 33 India chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 34 India chromium market, by application, (USD Million) 2018 - 2030
Table 35 Australia chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 36 Australia chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 37 Thailand chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 38 Thailand chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 39 South Korea chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 40 South Korea chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 41 Indonesia chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 42 Indonesia chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 43 Malaysia chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 44 Malaysia chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 45 Central & South America chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 46 Central & South America chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 47 Central & South America chromium market, by region, 2018 - 2030 (USD Million, Kilo Tons)
Table 48 Brazil chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 49 Brazil chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 50 Middle East and Africa chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 51 Middle East and Africa chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 52 Middle East and Africa chromium market, by region, 2018 - 2030 (USD Million, Kilo Tons)
Table 53 South Africa chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 54 South Africa chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 55 Saudi Arabia chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 56 Saudi Arabia chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)
Table 57 UAE chromium market, by material, 2018 - 2030 (USD Million, Kilo Tons)
Table 58 UAE chromium market, by application, 2018 - 2030 (USD Million, Kilo Tons)

List of Figures

Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Chromium: Market outlook
Fig. 9 Chromium: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Chromium market driver impact
Fig. 15 Chromium market restraint impact
Fig. 16 Chromium market strategic initiatives analysis
Fig. 17 Chromium market: Material movement analysis
Fig. 18 Chromium market: Material outlook and key takeaways
Fig. 19 Ferrochromium market estimates and forecasts, 2018 - 2030
Fig. 20 Chromium Chemicals market estimates and forecasts, 2018 - 2030
Fig. 21 Chromium Metals market estimates and forecasts, 2018 - 2030
Fig. 22 Others market estimates and forecasts, 2018 - 2030
Fig. 23 Chromium market: Application movement analysis
Fig. 24 Chromium market: Application outlook and key takeaways
Fig. 25 Metallurgy market estimates and forecasts, 2018 - 2030
Fig. 26 Chemicals market estimates and forecasts, 2018 - 2030
Fig. 27 Refractory market estimates and forecasts, 2018 - 2030
Fig. 28 Others market estimates and forecasts, 2018 - 2030
Fig. 29 Global chromium market: Regional movement analysis
Fig. 30 Global chromium market: Regional outlook and key takeaways
Fig. 31 North America market estimates and forecasts, 2018 - 2030
Fig. 32 U.S. market estimates and forecasts, 2018 - 2030
Fig. 33 Canada market estimates and forecasts, 2018 - 2030
Fig. 34 Mexico market estimates and forecasts, 2018 - 2030
Fig. 35 Europe market estimates and forecasts, 2018 - 2030
Fig. 36 UK market estimates and forecasts, 2018 - 2030
Fig. 37 Germany market estimates and forecasts, 2018 - 2030
Fig. 38 France market estimates and forecasts, 2018 - 2030
Fig. 39 Italy market estimates and forecasts, 2018 - 2030
Fig. 40 Spain market estimates and forecasts, 2018 - 2030
Fig. 41 Russia market estimates and forecasts, 2018 - 2030
Fig. 42 Asia Pacific market estimates and forecasts, 2018 - 2030
Fig. 43 Japan market estimates and forecasts, 2018 - 2030
Fig. 44 China market estimates and forecasts, 2018 - 2030
Fig. 45 India market estimates and forecasts, 2018 - 2030
Fig. 46 Australia market estimates and forecasts, 2018 - 2030
Fig. 47 Thailand market estimates and forecasts, 2018 - 2030
Fig. 48 South Korea market estimates and forecasts, 2018 - 2030
Fig. 49 Indonesia market estimates and forecasts, 2018 - 2030
Fig. 50 Malaysia market estimates and forecasts, 2018 - 2030
Fig. 51 Central & South America market estimates and forecasts, 2018 - 2030
Fig. 52 Brazil market estimates and forecasts, 2018 - 2030
Fig. 53 Middle East and Africa market estimates and forecasts, 2018 - 2030
Fig. 54 Saudi Arabia market estimates and forecasts, 2018 - 2030
Fig. 55 South Africa market estimates and forecasts, 2018 - 2030
Fig. 56 UAE market estimates and forecasts, 2018 - 2030

Chromium Market Size, Share & Trends Analysis Report By Material (Ferrochromium, Chromium Chemicals, Chromium Metals, Others), By Application (Metallurgy, Chemicals, Refractory, Others), By Region, And Segment Forecasts, 2023 - 2030

Description

Table of Contents

List of Tables

Chromium Market Growth & Trends:

Chromium Market Report Highlights:

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Chromium Market Variables, Trends & Scope

Chapter 4. Supplier Portfolio Analysis

Chapter 5. Chromium Market: Material Estimates & Trend Analysis

Chapter 6. Chromium Market: Application Estimates & Trend Analysis

Chapter 7. Chromium Market: Regional Estimates & Trend Analysis

Chapter 8. Competitive Landscape

List of Tables

List of Figures