Chromium Trioxide Market Is Expected to 550 Million Usd by the End of 2025
Chromium Trioxide Market status and forecast, categorizes the global market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Los Angeles, CA -- (SBWire) -- 04/13/2019 --It is the acidic anhydride of chromic acid, and is sometimes marketed under the same name. This compound is a dark-purple solid under anhydrous conditions, bright orange when wet and which dissolves in water concomitant with hydrolysis. Millions of kilograms are produced annually, mainly for electroplating. Chromium trioxide is a powerful oxidiser and a suspected carcinogen.
Chromium Trioxide industry is highly concentrated, the manufacturers have high bargaining power over downstream users. Also, target client are mainly small and medium sized players.Leading suppliers in the industry are Lanxess, Soda Sanayii, Elementis, Hunter Chemical, Aktyubinsk, MidUral Group, NPCC, Zhenhua Chemical, Yinhe Chemical, etc. Rising demand from the packaging industry in BRICS countries is expected to be one of the major factors driving the global Chromium Trioxide market. In addition, the necessary demand for metal products is the fundamental power for the development of chromium trioxide market.
The global Chromium Trioxide market was 550 million US$ in 2018 and is expected to 550 million US$ by the end of 2025, growing at a CAGR of 0.2% between 2019 and 2025. This report studies the Chromium Trioxide market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Chromium Trioxide in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Lanxess
Soda Sanayii
Elementis
Hunter Chemical LLC
Aktyubinsk
MidUral Group
NPCC
Vishnu
Nippon Chem
Zhenhua Chemical
Yinhe Chemical
Chongqing Minfeng Chemical
Haining Peace Chemical
Zhonglan Yima Chemical
By the product type, the market is primarily split into
Purity 99.7%
Purity 99.8%
Purity 99.9%
By the end users/application, this report covers the following segments
Printing and Dyeing Industry
Electroplating Industry
Wood Preservation
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