A Research Study Titled, “Chromium Market By Application - Global Industry Analysis And Forecast To 2023”, Published By Crystal Market Research
The Chromium Market has encountered magnificent growth in the recent years and is anticipated to grow tremendously in the following years. Expanding request from the stainless steel industry for different end-use markets, for example, aerospace, marine, electronics, automotive, building and construction and defence is anticipated to be the key development factor. Furthermore, significant request from Asia Pacific is foreseen to fuel the market over the conjecture time frame. China was the biggest consumer of the product as it is one of the biggest makers of stainless steel and other specialty steel products. Chromium is a fundamental alloying component in the detailing of stainless steel. Along these lines, expanded interest for stainless steel is a significant driver impelling interest in the worldwide market.
Chromium Market, By Application, Estimates and Forecast, 2014-2023($Million)
Regional Outlook and Trend Analysis:
Asia Pacific was the biggest market in 2016, representing 49.6% of the worldwide income. The regional market is expected to offer various opportunities over the estimate time frame. Existence of major stainless steel producing units in nations, for example, China, India, and Japan is contributing toward expanded interest for chromium in the district. Also, India is a significant chromium mineral maker and exporter, while China is a crucial importer in the worldwide market. These elements are foreseen to additionally boost demand over the gauge time frame.
The leading players in the market are Eurasian Natural Resources Corporation, Al Tamman Indsil Ferrochrome LLC, Gulf Mining Group LLC, Assmang Proprietary Limited, Glencore, Odisha Mining Corporation, Hernic Morula Mine, Kermas Group and Samancor Chrome Limited. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.Chromium Market - By Region:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
What Our Report Offer:
1) An extensive research study on the Global Chromium Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Chromium Market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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