Brazil Chromium Market Report and Forecast 2025-2034

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 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 Industry Segmentation

Brazil Chromium Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Application

• Metallurgy

• Chemicals

• Refractory

• Others

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.

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