The India chromium market was valued at USD 566.10 Million in 2024. The industry is expected to grow at a CAGR of 5.60% during the forecast period of 2025-2034. Expansion of renewable energy infrastructure in India, especially in wind and solar energy, creates demand for durable and corrosion resistant materials like chromium available in different grades across several industries. In turn, all these factors have resulted in the market attaining a valuation of USD 976.19 Million by 2034.
Base Year
Historical Year
Forecast Year
Chromium is a growing market in India, with rising production of stainless steel, so the government, in an effort to focus on domestic, has expanded export restrictions. For instance, In July 2023, Indian production increased 15% year over year despite severe rains, with the majority of this output being consumed domestically. The growing B2B demand further boosts growth in the India chromium market.
New communication methods based on technological advances, such as the ion enrichment chip–laser-induced breakdown spectroscopy (IECLIBS), are promising to facilitate chromium detection in environmental monitoring to achieve sustainable industrial performance.
Several recycling initiatives are increasingly gaining momentum to minimize dependence on primary ore sources, save on production expenses, and meet sustainability objectives for chromium utilization. B2B companies can cater to the rising demand by aligning with these initiatives to differentiate their value proposition.
Value in USD Million
2025-2034
India Chromium Market Outlook
*this image is indicative*
|
India Chromium Market Report Summary |
Description |
Value |
|
Base Year |
USD Million |
2024 |
|
Historical Period |
USD Million |
2018-2024 |
|
Forecast Period |
USD Million |
2025-2034 |
|
Market Size 2024 |
USD Million |
566.10 |
|
Market Size 2034 |
USD Million |
976.19 |
|
CAGR 2018-2024 |
Percentage |
XX% |
|
CAGR 2025-2034 |
Percentage |
5.60% |
|
CAGR 2025-2034 - Market by Region |
South India |
6.4% |
|
CAGR 2025-2034 - Market by Region |
West India |
6.0% |
|
CAGR 2025-2034 - Market by Application |
Chemicals |
6.7% |
|
2024 Market Share by Region |
North India |
21.2% |
The growth of the India chromium market is mainly driven by its key role in the manufacture of stainless steel, which increases corrosion resistance and strength. The growth of the automotive sector further strengthens the demand for chromium for the manufacturing of durable, corrosion resistant components. Improvements in chromium generation through improved chemical handling and increased recycling are changing the chromium production landscape. With their captive mines, several large firms, such as IMFA Group, Tata Steel Limited, Vedanta Resources plc., Sesa Goa Limited, and Jindal Stainless Limited, dominate the market. Nevertheless, elements like the lack of competent personnel and environmental laws pertaining to chromium plating procedures threaten the future expansion.
One of the niche markets driving chromium demand in India is the country’s booming electronics industry. Chromium is a highly desirable alloy for semiconductors, connectors and other electronic components requiring corrosion resistance and high conductive properties. It has become widely used in most mobile phones, computers, and consumer electronics due to their durability and excellent performance. Further, chromium is also important in the process of water treatment and how contaminants are removed. India is facing water scarcity and pollution and hence, chromium compounds are used in advanced water purification systems, creating significant demand within this growing niche. This industry is growing exponentially due to the increasing awareness regarding the environment.
The key trends of the India chromium market include technological advances, export restrictions, automotive demand, and environmental regulations, pushing innovation in eco-friendly processing and coatings for sustainability.
The chromium market in India is undergoing tremendous technological development in terms of processing methods. For example, chromium detection in environmental monitoring using ion enrichment chip–laser-induced breakdown spectroscopy (IEC-LIBS) chromium, which is a nonmetal, whose redox states vary widely and change the properties of chromium. The method uses laser induced breaking spectroscopy with an ion enrichment chip to identify chromium oxide states in soil and water at a very fast and sensitive ratio. IEC-LIBS is simple and environmentally friendly, with potential for practical applications in the field, and it could help improve compliance with environmental quality standards.
The Indian government-imposed restrictions on the export of chromium ores and concentrates to ensure that sufficient supplies are available to industries such as stainless steel, have changed the India chromium market dynamics. Exporters now must receive licenses from the Directorate General of Foreign Trade (DGFT) for shipments of chromium. The premise of these regulations is to secure enough domestic availability of chromium for strategic industrial needs.
In India, the automotive sector is a major contributor to the demand for chromium, especially in the decorative coatings domain. Chromium-based decorative coatings are used for their visually pleasing properties, corrosion resistance, and longevity. Both OEMs and aftermarket service providers use chromium products for trim pieces, grilles, door handles, wheels, and emblems in passenger and commercial vehicles. Wheel finishes with chromium plated parts are among the most popular trends in the automotive sector, with most leading automotive producers investing in the improvement of chromium coatings to improve the relevant aesthetics of car parts.
As awareness about the environmental impact increases, regulations governing chromium, particularly in plating processes, have become increasingly prevalent. Hexavalent chromium (Cr6+) phase-out efforts are driving this India chromium market trend, leading automakers to use trivalent chromium (Cr3+) and chrome-free materials. The automotive industry is seeking sustainable ways to make decorative chromium coatings that are eco-friendly, with companies such as MacDermid Enthone and Atotech developing these kinds of solutions. These revolutions address the sustainability demands of the industry without diminishing performance and aesthetic standards.
Growth in chromium recovery and chromium recycling is one such area that has significant market potential, with increasing demand for sustainable practices in the industry. Companies can tap into this emerging trend in India chromium market. Further, advanced recycling plants cater to the growing chrome demand without mining, and to reduce costs and the environmental impact of extracting and treating ores. The growing trend towards sustainability indicates that companies that focus on recycling will be able to attract environmentally aware customers and meet trending regulations while being leaders in sustainable chromium production. In addition, India's large aerospace and defense sectors provide chromium companies with a potential market. Chromium's essential use in high grandeur alloys for these industries drives further potential for development while there is a rising demand for these magnified fields of specialized materials.
Chromium is used in various construction materials, and this demand is being driven by India's infrastructure projects spanning roads, bridges, and urban development. Chromium is used in the production of cement and steel to improve both strength and corrosion resistance, making it vital to large-scale infrastructure projects. With the government investing in infrastructure, it is expected that the demand will increase, in turn benefiting the producers and suppliers in the India chromium market. Moreover, climate change initiatives, rapid industrialization and urbanization in India are driving a growing demand for stainless steel, alloys and other chromium-based materials. As more manufacturing facilities and urban housing projects get developed, the demand for corrosion-resistant, high-quality materials is increasing. Chromium is primarily used in the construction, automobile, and industrial sectors, thus fueling the trend.
The EMR’s report titled “India Chromium Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Application
Market Breakup by Region
Market Insights by Application
Mounting end-user industries, including construction and automotive, among others has been propelling the demand for chromium in India; which is likely to catalyze the demand for metallurgy chromium in India, further. The chemical applications have particularly boosted further demand in the India chromium market, as chromium compounds are necessary for pigments, catalysts, and chemical production. This particular segment is expected top grow at a CAGR of 6.7% over the forecast period. Chromium's use in refractory products for high-temperature uses, such as in kilns and furnaces, is another factor driving the growth of the refractory segment. These are essential to steel production and various other industrial processes. Collectively, these applications are pushing the market growth, driven by Indian industrial growth & infrastructure development.
North India Chromium Market Opportunities
The demand for chromium in North India is increasing mainly due to its boom in automotive, construction and infrastructure sectors. This market held a 21.2% of the overall market share. Major industrial centers such as Delhi, Haryana and Punjab are fueling demand for stainless steel and chromium-based alloys. A further driver of the market is the increasing chromium consumption in metallurgy and chemicals, due to the industrial base of the region.
East India Chromium Market Outlook
Being an essential component of steel and mining, the chromium demand in East India is growing with Odisha, Jharkhand and West Bengal being the largest drivers. The region has significant chromium deposits, and growing demand to feed metallurgical processes and refractory materials to fuel the boom in steel plants and infrastructure projects.
|
CAGR 2025-2034 - Market by |
Region |
|
South India |
6.4% |
|
West India |
6.0% |
|
North India |
XX% |
|
East India |
XX% |
West India Chromium Market Growth
The demand from the metallurgy, chemicals and construction sectors in Maharashtra, Gujarat and Madhya Pradesh make for a strong West India chromium market. The presence of large steel producers, chemical industries and refineries in this region drives the chromium consumption. The continued industrialization and urbanization in the region has enabled it to increase the market share.
South India Chromium Market Insights
Specifically, South India constitutes an impactful conglomerate shaping the overall India chromium market value, encompassing states like Tamil Nadu, Karnataka and Andhra Pradesh. The demand in the market is anticipated to register a CAGR of 6.4% during the forecast period. Chromium demand is fueled by well-established operations in the automotive, aerospace and steel manufacturing sectors in the region. In South India, the growth of the electronics and renewable energy sectors is also fueling consumption.
Major India chromium market players are working on production capacity expansion and sustainable development initiatives through several merge and acquisitions. Majority of the India chromium companies seek to leverage increasing demand from end-use sectors such as automotive, construction, and electronics, along with advancements in chromium recycling processes.
OMC was incorporated in 1956, and it is based at Bhubaneswar, Odisha. It is a major state-owned company in chromium, among other mineral extraction operations, fulfilling global chromium demand through mining in Odisha.
Nagpur-headquartered The Group Shyamji is a manufacturer of ferroalloys, chromium among them. A dominant player in mining and metallurgical sectors, the company aims at supplying high-quality chromium commodities to fertilize industrial demand, especially for steel.
Founded in 1907, Tata Steel subsidiary is based in Jamshedpur. A leading player in chromium mining and its business model consists of efficient production processes and sustainable practices, supplying chromium to industries such as steel and alloys.
IMFA is a major producer of ferroalloys, including chromium, and was founded in 1961 and is headquartered in Bhubaneswar. The company owns and operates one of the largest chromite mines in Odisha, with the global chromium market valuing it at 19 billion dollars.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
New players in the market are developing green chromium extraction and recycling technology. They are designing to improve the efficiency of chromium processing and reduce the environmental impact, as well as to explore alternative applications, such as environmentally friendly coatings and high-performance alloys, to meet the rising needs of different sectors.
Otto Chemie Pvt. Ltd.
Otto Chemie Pvt Ltd, India-based company founded in 2006 is a new chromium metal and its derivatives producer. The company is committed to supplying the electronics, chemicals, metallurgy and other sectors with chromium products that are not only of the highest quality, but also supply-grade, eco-friendly and produced in a way that's not harmful to the environment.
*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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In 2024, the India chromium market reached an approximate value of USD 566.10 Million.
The market is projected to grow at a CAGR of 5.60% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 976.19 Million by 2034.
The major drivers of the market are the expansion of renewable energy infrastructure, wide applications in various industries and climate change initiatives.
The key trends of the market include technological advances, export restrictions, automotive demand, and environmental regulations.
The major regions in the market are North India, East India, South India, and West India.
The various applications considered in the market report are metallurgy, chemicals, and refractory.
The major players in the market are Odisha Mining Corporation (OMC), The Group Shyamji, Tata Steel Mining Limited (TSML), and India Metals & Ferroalloys Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| 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:
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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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
+91-723-689-1189
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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