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.
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.
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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.
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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Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Chromium Powder Segmentation & Impact Analysis
4.1. Chromium Powder Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rising demand from the alloy industry
4.2.2.2. Growing demand for chromium powder from the Asia Pacific region
4.2.2.3. Growing demand for high performance standards in critical conditions
4.2.2.4. Technological Advancements
4.2.3. Market restraints analysis
4.2.3.1. Adverse effect on human health
4.2.3.2. Price fluctuations
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
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The report also covers a thorough SWOT analysis and Porter’s Five Forces analysis to provide a better understanding of the growth curve of the key competitors of the market. It also covers feasibility analysis and investment return analysis to ascertain the stakeholders and investors gain maximum returns on their investments. In conclusion, the global Chromium Powder report is a qualitative and quantitative research document that offers vital insights into the Chromium Powder market that help businesses and investors gain a competitive edge over the other competitors.
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