Home > Chemicals & Materials > Advanced Materials > Functional Materials > Chromium Oxide Market

Chromium Oxide Market Trends

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

Download Free Sample

Chromium Oxide Market Trends

Increasing emphasis on sustainable and environmentally friendly practices is driving research into cleaner and greener methods for chromium oxide production. Research into the applications of nanoscale chromium oxide is expanding, with potential uses in electronics, sensors, catalysis, and advanced materials. Manufacturers are exploring ways to recycle and reuse chromium oxide, reducing waste and minimizing the environmental impact.

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.