Chromium Trioxide - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Chromium Trioxide Market is accounted for $0.56 billion in 2018 and is expected to reach $0.75 billion by 2027 growing at a CAGR of 3.2% during the forecast period. Some of the key factors propelling the market growth include growing demand from the printing and dyeing industry in developing countries, rising demand from the packaging industry, large-scale automotive production plants and increasing industrialization. However, serious health problems are likely to restraint the market.
Chromium Trioxide is an inorganic hexavalent chromium compound and a strong oxidizing agent. It is dark purple in color and is usually found in the solid form as crystals, powder or flakes. It is insoluble in most of the organic solvents and even have a tendency to explode in the presence of reducing agents, especially organic matter. It forms an acidic solution in water, which is knows as chromic acid, and chromium trioxide is also commonly sold in this form. On heating, chromium trioxide emits highly toxic fumes of chromium. It is also highly corrosive and is a known carcinogen.
By form, the pellets segment is expected to grow at the significant rate during the forecast period. These are small particles typically created by compressing an original material. An American element specializes in producing high purity uniform shaped chromium oxide pellets with the highest possible density 99.9+%. On the basis of geography, North America is the important region for the Chromium Trioxide market, with demand mostly coming from the metal finishing application as well as manufacturing of wood preservation products. Stringent regulations pertaining to the production, use and disposal of chromium trioxide will impact the market in North America. Moreover, U.S. is the key country in the North America Chromium Trioxide market.
Some of the key players in chromium trioxide market include Hunter Chemical LLC, Aktyubinsk, MidUral Group, Chongqing Minfeng Chemical, Haining Peace Chemical, NPCC, Vishnu, Nippon Chem, Zhonglan Yima Chemical, JSC Novotroitsk Plant of Chromium Compounds, Lanxess, Soda Sanayii, Elementis, Zhenhua Chemical, Yinhe Chemical, Fisher Scientific International, Inc., Sigma-Aldrich Corporation, Seidler Chemical Company, Chemieliva Pharmaceutical Co., Ltd, Leap Labchem Co., Ltd, Del Amo Chemical Company Inc., Biopharm Inc., and Lords Chemicals Limited.
• Dyeing and Printing
• Wood Preservation Products Manufacturing
• Chemical Products Manufacturing
• Metal Finishing & Chrome Plating
• Powder and Nano-powder
• Sputtering Targets
End Users Covered:
• Semiconductor & Electronics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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