Rising demand for chromium powder from the alloy industry is estimated to stimulate market growth.

Market Size – USD 62.0 million in 2018, Market Growth - CAGR of 2.0%, Market Trends – Growing demand for chromium alloy from Asia Pacific region  

The global Chromium Powder Market is expected to reach USD 73.1 Million by 2026, 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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To gain a deeper understanding of the Chromium Powder market, the report further provides an exhaustive analysis of the competitive landscape, including profiling of the competitors, revenue, % revenue market share, and technological and product advancements. The report also explores the new entrants, strategic alliances and collaborations, mergers, acquisitions, partnerships, agreements, and deals of the established companies. The report also sheds light on the government policies and their amendments related to the Chromium Powder market.

Key Manufacturers of the Chromium Powder Market Studied in the Report are:

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.

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Chromium Powder Market Segmentation based on Product Types:

• Aluminothermic Chromium
• Electrolytic Chromium

Chromium Powder Market Segmentation based on Applications:

• Aerospace
• Metallurgy
• Refractory
• Chemical
• Electronics
• Others

Regional Analysis of the Chromium Powder Market Includes:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Further key findings from the report suggest:

• 9% to <99.99% chromium powder held a considerable market size in 2018 and is projected to grow at a rate of 1.8% in the forecast period owing to the requirement in sputter targets where the purity must be more than 99.9%.
• Powders produced of refined electrolytic chromium are generally used in manufacturing.
• Application in metallurgy contributed to the largest market share in 2018 and is likely to maintain its dominance throughout the forecast period. This is attributed to the increased production of stainless steel and high resistance steel.
• Consumer-oriented chromium powder is also used in the following applications - paints and pigments, metal plating and finishing solutions, leather tanning liquors, corrosion inhibitors, catalysts, wood preservatives, drilling muds, textile mordant and dyes.
• The Asia Pacific held the largest market share in 2018 and is expected to grow at a rate of 2.3% in the forecast period.
• Electronics application segment is anticipated to grow at a considerable rate in the forecast period attributed to improved lifestyles and increase in the level of disposable incomes of people in Asia pacific region in both developed and developing countries.

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