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Chromium Oxide Market Share

Report ID: GMI4090
Published Date: Aug 2023
Report Format: PDF

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Chromium Oxide Market Share

Some of the major business players operating in the Chromium oxide market are:

Lanxess AG
Hunter Chemical LLC
Elementis plc
Sibelco
Sachtleben Chemie GmbH
Sisecam Group
Midural Group
Hunter Chemical LLC
American Elements
Hunan Sunward Industrial Co.
Goodfellow Corporation
Shanghai Jiuling Chemical Co., Ltd.
Bayer MaterialScience,
Elementis Specialties
Tronox Limited

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for chromium oxide was worth around USD 544.1 million in 2022 and is estimated to reach USD 852.7 million by 2032, driven by the increasing application of chromium oxide in industries such as automotive, aerospace, and marine due to its corrosion-resistant properties which make it suitable for protective coatings.

The chromium oxide industry from the pigment grade segment generated USD 206.2 million in 2022 and is projected to grow at a notable CAGR from 2023-2032 owing to the increasing preference for the intense and durable green color for pigments and colorants in ceramics, glass, and paints.

U.S. chromium oxide held a revenue share of USD 110.5 million in 2022 and is anticipated to expand significantly owing to the increasing product application for automotive and aerospace sectors for corrosion protection and aesthetic finishes.

Some of the top companies operating in the chromium oxide includes Lanxess AG, Hunter Chemical LLC, Elementis plc, Sibelco, Sachtleben Chemie GmbH, Sisecam Group, Midural Group, Hunter Chemical LLC, American Elements, Hunan Sunward Industrial Co., Ltd., Goodfellow Corporation, Shanghai Jiuling Chemical Co., Ltd., Bayer MaterialScience, Elementis Specialties, Tronox Limited among others.