Chromium Salt Market Plying for Significant Growth | 2025
Chromium
salt is chemically represented with the symbol Cr and atomic number
24 in the periodic table. It is placed in the first position in group
six of the periodic table. Chromium is steel gray in color. It has
high melting point and high polish properties. It is resistant to
tarnishing. Chromium has high corrosion resistance ability. Natural
existence of chromium is rare; most of the chemical compounds are
manufactured. Stainless steel, an alloy of steel and chromium, offers
corrosion and stain resistance. Hence, it one of the extensively used
metals in commercial applications.
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The
process of manufacturing chromium salt by removal of iron ore with
the help of sodium carbonate and calcium oxide in order to form water
soluble chromium salt. Chromium salt is always found in the form of
crystalline powder, which is soluble in water. The melting point of
chromium salt varies to some extent; it is usually between 190°C and
2600°C. Additionally, its solubility in water depends upon the
oxidation sate, as the solubility property rises with the increased
oxidation state of chromium salt. Demand for chromium salt is
anticipated to rise due to the increase in number of applications.
The
global chromium salt market can be segmented based on application,
end-use industry, and region. In term of application, the chromium
salt market can be divided into metallurgy, dyes and pigments, wood
preservatives, leather tanning, refractory material, and catalyst.
The dyes and pigment segment comprises paints. The segment is
expanding rapidly in emerging markets. This is projected to boost the
chromium salt market in the near future. Metallurgy is used widely in
automobile and mechanical industries. Chromium salt is employed
extensively in metal, leather, and sweater treatment process. In
terms of end-use industry, the chromium salt market can be divided
into textile, automobile, leather paints, aerospace, steel, and tool
manufacture. In the leather industry, 90% of leather tanning process
is carried out with the help of chromium salt. Demand for leather in
the global market has been rising significantly. This is likely to
propel the chromium salt market during the forecast period.
Geographically,
the chromium salt market can be segregated into North America,
Europe, Asia Pacific, Middle East & Africa, and Latin America.
Increase in demand for dyes and paints in Asia Pacific and Middle
East is driving the chromium salt market in these regions. The
pigments industry in the U.S. is in the stage of maturity. However,
it is projected to expand further in the next two years. This is
anticipated to drive the chromium salt market. Developing economics
such as India and China are the most promising markets for chromium
salt, as majority of demand arises from these countries. The paints
and dye industry is flourishing in major countries in the Middle East
and Europe. This is indirectly attracting the interest of chromium
salt manufacturers. Chromium salt exhibits harmless and hazardous
properties, which are bound to affect the people, who work in close
proximity with the salt on the regular basis, and hence, proper
safety gear is to be utilized while handling such a salt.
Environmental rules and regulations owing to these harmful properties
of chromium salt is deployed, especially in Europe and the U.S.
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Key
players operating in the global chromium salt market are BASF SE,
Bayer AG, American Elements, Ciba Specialty Chemicals, and Oxkem Ltd.
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