Chromium Market Size is Forecast to Reach $17.74 Billion by 2025
Posted on Jun 9 2020 12:26 PM "The Chromium market is driven by increasing demand from the stainless-steel industry for various end-use markets." Chromium Market size is forecast to reach $17.74 billion by 2025, after growing at a CAGR of 2.12% during 2020-2025. The Chromium market is driven by increasing demand from the stainless-steel industry for various end-use markets. In steel sector, stainless steel is major trend since its inception owing to its corrosion resistance property and aesthetic feasibility. Type - Segment Analysis Metallurgical grade held the largest share in the Chromium market in 2019. Chromium are used in metallurgical processing of ferrochromium and other metallurgical products to impart corrosion resistance. Chromium is used to incorporate hardness, toughness and chemical resistance in steel. Currently, 85% of chromium are used in metallic alloys such as stainless steel and anodized aluminum. Furthermore, increasing demand...