New York, NY -- (SBWIRE) -- 12/23/2020 -- Chromium oxide is an inorganic compound and used as a pigment in many applications. It is usually available in the powdered form, pellets, pieces, nano powder, etc. are also available in the market. The product is mainly used in the formulation of paint, coatings, inks, glass, ceramics, and can be used as functional catalysts. It offers super dispersibility, good weather-fastness, and superior heat stability. The chromium oxide market is forecast to be fuelled by growing demand from the glass industry.

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Market Drivers:

The chromium oxide market size is forecast to grow at a CAGR of around 4.9% through the forecast period from USD 516.52 million in 2019 to reach USD 737.76 million by 2027. For juice and wine, green glass bottles are used. Chromium oxide contributes to the preservation of the taste of the wine. Owing to the higher consumption of drinks all over the world, the production of glass bottles is experiencing an increase. Over the past few years, global wine production and consumption have also reported a steep increase. In the coming years, these developments will boost the production of glass bottles and thus drive the growth of the industry.

Some of the key players in the chromium oxide market are: Venator Materials LLC, Sun Chemical Corporation, Elementis plc, Hebei Chromate Chemical Co. Ltd., MidUral Group, LANXESS Aktiengesellschaft, American Elements Corp., Reade International Corp., Sichuan Yinhe Chemical Co., Ltd., Zhonglan Yima Chromic Chemical Co., Ltd., Luoyang Zhengjie Science & Technology Industry Trade Co., Ltd., Hunter Chemical LLC, Vishnu Chemicals Limited, and others.

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Segments covered in the report:

This report forecasts volume and revenue growth on the global, regional, and country-level, and provides an analysis of the industry trends in each sub-segment from 2017 to 2027. For the purpose of this study, Reports and Data has segmented the market on the basis of form, grade, application, and region:

By Form (Revenue, USD Million; 2017-2027)

Powder
Pellets
Pieces
Others

By Grade (Revenue, USD Million; 2017-2027)

Pigment grade
Refractory grade
Metallurgy grade
Abrasive grade
Others

By Application (Revenue, USD Million; 2017-2027)

Glass
Inks
Paints and coatings
Others

Regional Outlook:

Asia Pacific region will exhibit a significant market share in the chromium oxide market from 2017 to 2027. North America and Europe will exhibit steady growth rates in the chromium oxide market owing to large scale applications in ink and glass manufacturing. Increasing packaged food and beverage consumption in both of these regions will increase the demand for the product as it is majorly used in food packaging and glass bottle manufacturing.

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There are 15 Chapters to display the Global Chromium Oxide market.

Chapter 1 About Executive Summary to describe Definition, Specifications, and Classification of Chromium Oxide market, Applications [Industrial & Commercial], Market Segment by Regions;
Chapter 2 analyses the objective of the study.
Chapter 3 explains the research methodology and techniques.
Chapters 4 and 5 highlight market characteristics.
Chapters 6 and 7 explain the threats of new entrants and market conditions and opportunities.
Chapters 8 and 9 include analysis by regional segmentation [United States, Europe, China, Japan & Other Regions], comparison, leading countries, and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10 discusses strategies employed by influential players in the market
Chapters 11 and 12 include market factors that have to be considered while making decisions related to business
Chapters 13 and 14 describe the vendor landscape (classification and Market Positioning)
Chapter 15 deals with Global Chromium Oxide Market sales channels, distributors, traders, dealers, Research Findings and Conclusion, appendix, and data source.

Reasons to buy this market intelligence report:

Detailed market evaluation both at regional and global levels.
Significant changes in market scenario, along with an extensive competitive analysis.
Classification of the industry based on product type, application, and region.
Market segments segregated on the basis of type, application, and geography.
Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales.
Investigation of significant developments in the market dynamics.
Niche market segments and regions.

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