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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Brazil Chromium Market Size

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%

Brazil Chromium Market Outlook

  • 95% of Brazil’s chromium reserves are present in the state of Bahia and the localities of Andorinha, and Ipueira, among others.
  • 3% of Brazil’s chromium reserves are present in Minas Gerais.
  • Minas Gerais produces around 10,000 tonnes of chromium annually.

Brazil Chromium Market Growth

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

Brazil Chromium Industry Segmentation

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

  • Metallurgy
  • Chemicals
  • Refractory
  • Others
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

  • São Paulo
  • Minas Gerais
  • Rio de Janeiro
  • Bahia
  • Rio Grande do Sul

Brazil Chromium Market Share

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%

Leading Companies in the Brazil Chromium Market

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.

  • Glencore Plc
  • Ferbasa
  • Others

Key Highlights of the Report

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:

  • Application
  • Region
Breakup by Application
  • Metallurgy
  • Chemicals
  • Refractory
  • Others
Breakup by Region
  • São Paulo
  • Minas Gerais
  • Rio de Janeiro
  • Bahia
  • Rio Grande do Sul
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Glencore Plc
  • Ferbasa
  • Others

*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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Key Questions Answered in the Report

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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+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124