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Base Year
Historical Year
Forecast Year
The Brazil chromium market is projected to grow at a CAGR of 3.3% between 2025 and 2034, aided by the increasing use of chromium in stainless steel production.
Brazil Chromium Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2024 |
Forecast Period | USD Million | 2025-2034 |
Market Size 2024 | USD Million | XX |
Market Size 2034 | USD Million | XX |
CAGR 2018-2024 | Percentage | XX% |
CAGR 2025-2034 | Percentage | 3.3% |
CAGR 2025-2034 - Market by Region | Minas Gerais | 3.8% |
CAGR 2025-2034 - Market by Region | Bahia | 3.4% |
CAGR 2025-2034 - Market by Application | Metallurgy | 3.6% |
Market Share by Region | Minas Gerais | 8.4% |
Nearly 95% of the world’s chromite reserves (over 12 billion tons) are concentrated in South Africa and Kazakhstan, which makes it a critical mineral for producing stainless steel, superalloys, and electroplating in other parts of the world. Brazil is home to nearly 0.11% of global chromium reserves and is the only producer of chromium in Latin America.
FERBASA controls nearly 95% of Brazil’s chromium reserves and is the leading ferroalloy producer domestically. In 2022, 513,788 mineral tons of minerals were mined in Brazil. Metal alloys like high-carbon ferrochrome accounted for 301.6 thousand tons of overall production in 2022, thereby leading to the market growth.
The mining industry of Brazil is engaged in the production and marketing of nearly 70 mineral commodities. It constitutes a significant portion of domestic exports and accounts for a substantial portion of the national GDP.
Chromium is extensively used to produce refractory materials, which can tolerate high temperatures and harsh environments. Chrome-magnesite bricks, which are widely used in the lining of kilns and furnaces are also derived from chromium. They are widely used in the cement, glass, and steel industries due to their excellent corrosion resistance and thermal insulation properties, which are expected to contribute to the market growth in the coming years.
Brazil Chromium Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
CAGR 2025-2034 - Market by | Application |
Metallurgy | 3.6% |
Refractory | 3.2% |
Chemicals | XX% |
Others | XX% |
Market Breakup by Application
CAGR 2025-2034 - Market by | Region |
Minas Gerais | 3.8% |
Bahia | 3.4% |
São Paulo | 3.0% |
Rio de Janeiro | XX% |
Rio Grande do Sul | XX% |
Others | XX% |
Market Breakup by Region
Based on application, the market is segmented into metallurgy, chemicals, and refractory, among others. Over the forecast period, metallurgy is expected to grow at a CAGR of 3.6%, due to the growing use of chromium in the production of ferrochrome alloys.
Market Share by | Region |
Minas Gerais | 8.4% |
São Paulo | XX% |
Rio de Janeiro | XX% |
Bahia | XX% |
Rio Grande do Sul | XX% |
Others | XX% |
Chromium is extensively used to produce pigments for manufacturing paints, dyes, and inks. Chromium-based pigments like chrome green, chrome red, and chrome yellow are extensively used to produce architectural coatings due to their ability to resist adverse weather conditions. The anticipated growth of the housing industry is expected to contribute to the market growth.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 3.3% between 2025 and 2034.
The different applications of chromium in the market include metallurgy, chemicals, and refractory, among others.
The different regions covered in the market report are São Paulo, Minas Gerais, Rio de Janeiro, Bahia, and Rio Grande do Sul.
The key market players are Glencore Plc and Ferbasa, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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