Chromium Powder Market To Reach USD 73.1 Million By 2026| Reports And Data

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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 

NEW YORK, May 29, 2019 (GLOBE NEWSWIRE) -- 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.         

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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.

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.

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.
  • Key participants include 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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Segments covered in the report:

For the purpose of this report, Reports and Data have segmented global chromium powder market on the basis of purity, type, application, and region:                      

Purity Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

  • <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; 2016-2026 and Revenue, USD Million; 2016-2026)

  • Aluminothermic Chromium
  • Electrolytic Chromium

Application Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

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

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Regional Outlook (Revenue in USD Million; 2016–2026)

  • North America
    • U.S.
  • Europe
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • MEA
  • Latin America
    • Brazil

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