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Massive Demand for Stainless Steel Buoys Growth in Global Chromium Market

Massive Demand for Stainless Steel Buoys Growth in Global Chromium Market<br><br>

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Massive Demand for Stainless Steel Buoys Growth in Global Chromium Market

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  1. Chromium Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2026 ©2019 Transparency Market Research, All Rights Reserved

  2. Chromium Market Overview The global chromium market is choc-o-bloc with players. This not just makes the market fragmented but highly competitive too. This because of constant efforts of the players to outdo one another with product innovations and distribution strategies. Players are also seen adopting competitive pricing strategies to surge ahead of their competitors. A Transparency Market Research report on the global chromium market finds that while competition is very stiff in Asia Pacific, excluding Japan because of innumerable players in it, the North America market presents a more subdued competitive landscape because of being consolidated. Some of the noteworthy players in the global chromium market listed in the report are Toshiba Medical Systems Corporation, Samancor Chrome, Xinapse Systems Ltd., Odisha Mining Corporation, and MVC Holdings LLC. The report finds that the market would be worth US$18 bn by the end of 2026. With respect to grade, the global chromium market can be classified into refractory and foundry gate, chemical intermediary grade, and metallurgical grade. Among them, the metallurgical grade chromium currently dominates the market with a substantial share. With respect to geography, Asia Pacific at present is the largest chromium market. This is because of the presence of large stainless steel manufacturing facilities in developing nations of India and China. Besides, surging demand from different stainless steel end-use industries, particularly automotive and aerospace is also having a positive impact on the market. With respect to revenue, Asia Pacific is predicted to rise at 3.1% CAGR from 2017 to 2025. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

  3. Massive Demand for Stainless Steel Buoys Growth in Global Chromium Market At the forefront of driving demand in the global chromium market is the rising demand for stainless steel. About 18.0% of a stainless steel is comprised of chromium which improves its hardness and resistance of oxidation. In this manner, it protects the steel from corrosion. Elaborates the lead analyst of the report, “Rising construction activities and infrastructure development worldwide, especially in developing nations of Asia Pacific and Latin America are at the forefront of driving demand in the global chromium market. Some of these nations are not just major consumers but also major producers.” The economic development worldwide leading to sales of automobiles is another factor stoking the global chromium market. Adds the lead analyst of the report,Thesoaring demand for thin coatings in automotive industry, which not just lessens costs but also brings down environmental effects by reducing the overall weight of the vehicle, has led to demand in global chromium market.”

  4. Some of the noteworthy players in the global chromium market Toshiba Medical Systems Corporation, Samancor Chrome, XinapseSystems Ltd., Odisha Mining Corporation, MVC Holdings LLC.

  5. About Us Transparency Market Research (TMR) is a market intelligence company, providing North America business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR Syndicated Research report covers a different sector—such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.

  6. To know more about us, please visit our website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com For other queries contact:Nachiket Ghumare (Senior Business Development Manager) 90 State Street, Albany NY – 12207, United States Tel: +1-518-618-1030 Email: nachiket@transparencymarketresearch.com T H A N K Y O U

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