The global chromium powder market is expected to reach USD 77.1 Million by 2028, according to a new report by Reports and Data. Chromium powder is a crucial constituent in many industrial materials owing to its unique features. Some of the applications comprise stainless steel, aluminum alloys, and electronics. It is also a necessary element in many super alloys, which are essential to the aerospace and nuclear power industries. Of late, chromium ion plating has become an environmentally sound alternative to traditional chromium plating methods.
Additionally, chromium powder finds application where high surface areas are preferred like water treatment and in solar and fuel cells applications.
High-grade stainless steels, having chromium as a vital constituent, are critical to the safe and environmentally sound operation of chemical plants, food processing operations, nuclear power generation facilities, and other important industries. Chromium is used to harden steel, for the production of stainless steel and several useful alloys. Depending on the class of stainless steel, the chromium content varies from 10% to 27% to improve the hardness as well as resistance to oxidation. It is also employed to impart an emerald green color to the glass.
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Adverse effects of chromium powder on human health owing to the carcinogenic properties of chromium may create hindrances in the growth of the market in the forecast period. The Occupational Safety and Health Administration (OSHA) has recommended an 8-hour time-weighted average (TWA) exposure limit of 5 micrograms of Cr (VI) per cubic meter of air (5 µg/m³). The National Institute for Occupational Safety and Health (NIOSH) has suggested a 10-hour TWA exposure limit for all Cr (VI) compounds of 1µg Cr (VI)/m³. For chromium metal and Cr (II) and Cr (III) compounds, the established exposure limit is 500 µg/m³ as a 10-hour TWA.
Leading Market Competitors: Delachaux Group, Exo Tech, AMG Advanced Metallurgical Group N.V., Hascor International Group, Bell Group, ESPI Metals, Industrial Metallurgical Holding, Kohsei Co. Ltd., MidUral Group, Gfe, TRITRUST Industrial, and Jayesh Group among others.
Increasing demand for essential consumer products including soaps, detergents, perfumes, etc., growing production of environmentally sustainable chemicals and raw materials, and technological advancements in chemical and material manufacturing processes are some of the key factors driving the growth trend of the global materials & chemicals market. Rapidly surging demand for organic chemicals and high-performance specialty chemicals in the oil & gas, pharmaceutical, pulp & paper, personal care & cosmetics, food & beverage, agriculture, and textile industries is another important parameter for market growth.
Global Chromium Powder Market Segmentation:
Purity Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- <99% Chromium Powder
- 99% to <99.9% Chromium Powder
- 9% to <99.99% Chromium Powder
- 99% to 99.999% Chromium Powder
Type Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Aluminothermic Chromium
- Electrolytic Chromium
Application Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
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Regional and Country-wise Segmentation of the Global Chromium Powder Market:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Reasons to purchase this report:
- The industry analysis report offers actionable insights into the global Chromium Powder industry and discusses the major growth propellers, limitations, opportunities, and challenges existing in the market.
- The report closely investigates the present and historical market scenarios to help readers predict the market situation over the next seven years.
- The report systematically profiles the leading companies operating in the Chromium Powder market, and, at the same time, highlights their long-term business expansion strategies.
- In-depth scrutiny of the Chromium Powder business landscape with accurate market projections for the forecast period.
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