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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Chromium Market Competitive Landscape
The market players are entering into partnerships and collaborations with other companies to secure chromium supply chains and improve their production capabilities
| Company | Headquarters | Operations | Products |
| Glencore PLC | Zug, Switzerland | Refining, processing, storage, and transportation of metals | Zinc, lead, copper, aluminium, nickel, iron, among others |
| Al Tamman Indsil FerroChrome | Muscat, Oman | Production of high-grade ferrochrome | Extra low-carbon and low-carbon ferrochrome |
| Odisha Mining Corporation Ltd | Odisha, India | Exploration, mining, and production of various minerals including iron ore, chrome ore | Iron ore, chrome ore, and chrome concentrate |
| Samancor Chrome | Johannesburg, South Africa | Mining of chrome ore and the production of ferrochrome | Ferrochrome and chrome ore |
The market players are engaged in a variety of strategic activities to enhance their position, ensure sustainability, and meet the evolving demands of their customers. For example, companies are increasing their production capabilities to meet the rising demand for chromium, especially from the stainless steel and superalloy sectors.
Chromium Market Report Snapshots
Chromium Market Regional Analysis
*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
In 2023, the global chromium market attained a value of nearly USD 15.30 billion.
The market is projected to grow at a CAGR of 3% between 2024 and 2032.
The major drivers of the market are the robust growth of the automotive sector, increasing production of stainless steel, and the rising demand for chromium in the construction sector.
The key trends propelling the market development are the introduction of favourable government initiatives aimed at supporting the automotive sector, the growing use of chromium salts in the chemical sector, and technological advancements improving the efficiency of chromium.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of chromium are metallurgy, chemicals, and refractory, among others.
The major players in the market are Glencore PLC, Al Tamman Indsil FerroChrome, Odisha Mining Corporation Ltd, and Samancor Chrome, among others.
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